Turkish domestic scrap prices have softened over the past week with some mills reducing their buy prices because of high stock levels, sources said on Monday November 19.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,650-1,940 ($309-363) per tonne delivered on Monday, widening downward from last week's TRY1,800-1,940 per tonne.This change in the as...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreRio Tinto, Global Ore, 170,000 tonnes of 62% Fe Pilbara Blend fines, traded at $75.30 per tonne cfr China, laycan December 3-12.Vale, Global Ore, 170,000 tonnes of 62% Fe...Read More
Iron ore prices largely picked up on Monday November 19, apart from those for higher grades, leading to a further narrowing of the spread between 65% Fe and 62% Fe indices.MB 62% Fe Iron Ore Index: $76.11 per tonne cfr Qingdao, up $0.80 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $0.19 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.80 per tonne cfr Qingdao,...Read More
Trading activity in the seaborne coking coal market remained muted on Monday November 19 on end-user import restrictions, despite some participants expressing a bullish outlook on prices amid supply concerns and firm Chinese demand.There is talk in the market that the delivery date of shipments of a premium mid-vol hard coking coal will now be delayed by a month due to mining issues, at least thre...Read More
Limited demand and a muted spot market in China have led to the sixth consecutive monthly fall in iron ore pellet prices.The MB 65% Fe Iron Ore Pellet Index, published by Fastmarkets MB, was at $134.06 per tonne cfr China on Friday November 16, down by $8.49 per tonne from a week earlier.The fall in the MB 65% Fe Iron Ore Pellet index (MBIOI-PT) was based on the visible market activity detailed be...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday November 19 despite hawkish rhetoric on the US-China trade relations while a softer dollar index continues to support investment. Both zinc and tin futures appreciated around 0.6% this morning and remain well supported amid supply concerns and depleting LME stocks. In zinc, continued outflows a...Read More
Antimony prices edged up in China in the week ended Friday November 16 on rising production costs, while prices in Europe continued their downward trend on weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,200-51,000 yuan ($7,235-7,350) per tonne on Wednesday November 14, up 0.7% from 50,000-50,500 yuan per tonne a...Read More
Disappointment that United States/China trade talks are not making progress has once again dampened sentiment in the London Metal Exchange's three-month base metals prices to the extent there has been little follow through to the strength seen at the end of last week.Nickel has taken the brunt of the disappointment this morning, Monday November 19, and is showing a drop of 1.1% to $11,265 per tonn...Read More
Unwavering demand for refined copper, following China's ban of category 7 copper scrap imports, and tighter refined copper cathodes supply from overseas may lead to higher spot copper premiums cif Shanghai in the first half of 2019, Awin Resources' deputy general manager Danny Ju told Fastmarkets in a recent interview. The effect of several smelter disruptions in 2018 will be sustained into first...Read More
Graceland Updates 4am-7amhttps://www.gracelandupdates.comhttps://gracelandjuniors.comhttps://gudividends.com|https://guswinger.com https://gublockchain.comEmail:stewart@gracelandupdates.comstewart@gracelandjuniors.comstewart@gudividends.comstewart@guswinger.comadmin@gublockchain.comNovember 20, 20181. After breaking upside from a double bottom pattern, gold continues its solid price action. M...Read More
Cameco (TSX:CCO)(NYSE:CCJ) can never catch a break.The beleaguered uranium miner has been stuck on a cliff over the past few years, as depressed uranium demand and a glut in the supply of uranium that is available on the market continue to keep both demand and prices at lows.Uranium is the primary fuel used in nuclear reactors, which developing economies around the world are turning to as a means...Read More
Graceland Updates 4am-7amhttps://www.gracelandupdates.comhttps://gracelandjuniors.comhttps://gudividends.com|https://guswinger.com https://gublockchain.comEmail:stewart@gracelandupdates.comstewart@gracelandjuniors.comstewart@gudividends.comstewart@guswinger.comadmin@gublockchain.comNovember 20, 20181. After breaking upside from a double bottom pattern, gold continues its solid price action. M...Read More
Peninsula Energy Ltd (ASX:PEN) director Mark Wheatley has demonstrated his confidence in the company's uranium strategy by acquiring shares on-market.The non-executive director has this week purchased 47,496 shares with a total value of more than $10,000.This purchase takes his overall holding in the uranium producer to 103,852 shares.READ: Peninsula Energy's managing director adds to shareho...Read More
The Mining Stock Daily, a collaboration between ClearCreekDigital and Investment Research Dynamics, interviewed the CEO, Paul West-Sells, to learn more about Western Copper & Gold (WRN on both the NYSE and TSX). But first, here's background on WRN:Western Copper & Gold is advancing the Casino Project, a world-class copper-gold porphyry deposit, in the Yukon. The deposit contains 4.5 billion lbs of...Read More
Examining diamond drill core from one of Osprey Gold's projects in Nova Scotia. Source Osprey Gold Development Inc.Osprey Gold Development Inc. [OS-TSXV] was an active trader Tuesday November 20 after the company released assay results from previously unsampled core from its Caribou Gold Project in Nova Scotia.Results released Tuesday include assays form seven holes sampled from four key areas. A...Read More
Drilling the Tatogga property in B.C.'s Golden Triangle. Source: GT Gold Corp.GT Gold Corp. [GTT-TSXV; GTGDF-OTC] released assay results from the latest two holes from the Saddle North discovery at its wholly-owned Tatogga property in northwest British Columbia's Golden Triangle area.The shares sank on the news, falling 34.16% or $0.55 to $1.06 on volume of 3.15 million.The company said results fr...Read More
Yesterday every sector was down, including most commodities. One sector that bucked the trend was orange juice.As I write this, my wife is home sick with a brutal cold, or maybe it's the flu - who knows? But one thing I had to pick up from Giant along with tomato soup (Campbell's, NYSE: CPB) and Theraflu (GlaxoSmithKline plc, NYSE: GSK) was their fresh-squeezed OJ, which sells for over 10 bucks a...Read More
CloseGain/LossGold $1222.40-$0.80Silver$14.32-$0.10XAU65.17-0.81%HUI147.19-0.73%GDM538.38-0.32%JSE Gold1143.65+2.03USD96.81+0.60Euro113.68-0.82Yen88.76UNCHOil$53.43-$3.7710-Year3.056%+0.003T-Bond139.90625+0.125Dow24465.64-2.21%Nasdaq6908.82-1.70%S&P2641.89-1.82% The Metals: Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
By Ira EpsteinGold sells off as US Dollar soars. https://www.iraepstein.com/ Read More