The prospects for aluminium in 2018 appear tied to global trade concerns - particularly protectionist rhetoric coming from the United States as well as the future of supply cuts by Chinese smelters.In the US, the primary question mark dominating market attention is the fate of the Section 232 investigation into national security issues surrounding primary aluminium imports. According to recen...Read More
The Financial Conduct Authority (FCA) has agreed to an arrangement between the London Metal Exchange and ICE Futures Europe, which means they will not be required to consider open access requests for over two years."Having taken into account the risks resulting from the application of the access rights under Article 36 as regards exchange-traded derivatives to the orderly functioning of the tradin...Read More
Nickel stocks in the Shanghai-bonded area moved to the domestic market in the second half of December due to Beijing charging higher import taxes from 2018, while zinc and copper stocks both rose due to lacking arbitrage opportunities.Metal Bulletin's assessment of nickel stocks in Shanghai-bonded warehouses decreased to a historical low of 28,000-34,000 tonnes at the end of December, down 22.5% m...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Wednesday January 3:Minor metals Antimony MB free market regulus, $/tonne: $8,000-8,350 per tonne from $7,950-8,300 Antimony MMTA standard...Read More
This is a reminder that Metal Bulletin Group's cobalt specification review remains open until later this month and that feedback is still being sought. In November 2017, Metal Bulletin proposed to amend its international cobalt price specifications to reflect changes in the market and invited feedback on the following consultation.There are two stages to the consultation period.The first stage is...Read More
The rampant bullishness of 2017 toward metals involved in the electric vehicle (EV) industry will make way for cautious optimism, with copper likely to benefit the most due to its role in the electric charging network, Lord Copper predicts. I've just looked back at my article written this time last year with my ideas as to what the coming 12 months may have had to bring. Reluctant as I am to indul...Read More
Base metals traded on the London Metal Exchange are for the most part weaker on Wednesday January 3, led by a 1% fall in nickel prices to $12,530 per tonne. The rest are off between 0.4% for copperand 0.8% for aluminium, while tin is bucking the trend with a 0.5% rise. Volume has been light, with 5,367 lots traded as of 06:35 am London time. This comes after a mixed performance on Tuesday that saw...Read More
Gold prices weakened in the Asian morning trading session on Wednesday January 3 as the dollar rebounded following the release of strong US economic data.The spot gold price was recently quoted at $1,312.55/1,312.90 per oz, down $7.42 from the previous trading day's close. Trade has ranged from $1,311.90 to $1,321.30 per oz so far today. The US dollar index on Wednesday morning was up 0.06 to 91.8...Read More
Good morning from Metal Bulletin's offices in Asia, bringing the key news and market stories on Wednesday January 3. Zinc prices on the Shanghai Futures Exchange (SHFE) were well supported by falling overseas stock levels in Asian morning trading on Wednesday January 3, while copper pared overnight gains. Check Metal Bulletin's live futures report here. LME snapshot at 0202 London timeLatest 3M&nb...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 3:Aluminium scrap Group 1 pure 99% & litho:...Read More
Indonesia's government has extended Freeport-McMoRan's special mining license (IUPK) for the Grasberg copper mine to June 30, sources told Metal Bulletin on Wednesday January 3. "The agreement to extend the export permit in Indonesia is done. The official permit will take some days," a source said. The IUPK issued to PT Freeport Indonesia, a subsidiary of US-based Freeport-McMoRan, is valid betwee...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Gold is looking to confirm that it is in the early stages of the next leg of a bull market which began in December 2015.Continue...Read More
RAPAPORT... Bonhams has appointed Jean Ghika as global director of finejewelry, the London-based auction house announced. She will supervise sales inLondon, New York, Hong Kong and Los Angeles.Ghika's promotion comes after 25 years at Bonhams, where shewas most recently director of jewelry for the UK and Europe. She has beenresponsible for several world records the company achieved during her...Read More
Dr. Roberts discusses the evidence-or the lack of it-for the accusations that Russia colluded with the Trump campaign to throw the election to Trump. Continue...Read More
LONDON, 3 January 2018 - BullionVault's latest Gold Investor Index features today at What Investment, a leading personal finance magazine for UK investors."The old year ended with a bang for gold investing," says the magazine, "as demand hit a 13-month high at online and mobile platform, BullionVault."Quoting BullionVault's data and analysis in depth, its customers "added almost two-thirds of a to...Read More
The third trial of Cliven Bundy has ended in a mistrial. The prosecution failed to turn over documents that would have helped the defense.Two earlier trials ended in hung juries. On January 8th, a judge will decide if the case will be dismissed “with prejudice,” meaning that it cannot be once again brought to trial.This all started two years ago when Cliven Bundy asserted his rights...Read More
A longitudinal section of the PLS property including the Triple R deposit and multiple opportunities for expansion. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium Corp. of Kelowna, B.C., has received assays from three of the highest grade holes drilled to date at its Patterson Lake South project in the Athabasca Basin. The holes were drilled in the R780E zone as part of a metallurgical stu...Read More
Calgary, Alberta (January 3, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has successfully completed its second and final drilling program of 2017 on the Toughnut Property near Nelson in southeastern British Columbia.A total of 11 diamond drill holes were completed totalling 1,729.96 meters from 7 drill p...Read More