Lithium spodumene miner Tawana Resources reported a quarter-on-quarter production increase of 63% from operations at Bald Hill in Western Australia in July-September this year, in a results statement for the third quarter published on Wednesday October 31.The Australian miner produced 28,419 tonnes of lithium spodumene in the quarter ended on September 30, compared with 17,403 tonnes in the previo...Read More
Ferro-tungsten prices in Europe dropped on good material availability last week, while the ammonium paratungstate (APT) market was quiet with little spot business concluded and the market awaiting further direction. APT prices edge down in China; European prices stable amid little spot activity Ferro-tungsten prices fall in Europe on good material availability Concentrates market under pressure fr...Read More
Turkish domestic auto bundle scrap prices have gone down in line with falling domestic rebar prices, while ship scrap prices have risen thanks to strong imported scrap values, sources said on Monday November 5.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,750-1,940 ($322-357) per tonne delivered, widening downward from last week's TRY1,830-1,940 per tonne....Read More
Seaborne iron ore prices strengthened on Monday November 5 amid fears of supply disruptions in Australia.MB 62% Fe Iron Ore Index: $75.74 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Pilbara Blend Fines Index: $74.77 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.30 per tonne cfr Qingdao, up $2.34 per tonne.MB 58% Fe Premium Index: $66.92 per tonne cfr Q...Read More
The seaborne coking coal spot market was largely stable on Monday November 5 with sellers still unwilling to budge from their offers just yet.A cargo of branded materials was traded on Global Coal at $216.50 per tonne fob Australia late last Friday, market sources told Fastmarkets.This is $7.50 per tonne lower than the price for a cargo of the same brand of materials that was sold last week, accor...Read More
Ferrous futures in China registered mild movements during morning trading on Monday November 5, with the impact of winter steelmaking restrictions and the potential for easing tensions between the country and the United States being factors to watch out for over the rest of the month.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,034 yuan ($585) per tonne, down...Read More
Key data from the pricing sessions in London and Shanghai on Friday November 2. China The Chinese silicon export price remained stable week on week amid slow spot trading activities. Consumers are waiting on the sidelines due to ample inventories, while most Chinese export traders are not in rush to sell on anticipation of tightening supply during the approaching the dry season when re...Read More
Global antimony prices continued to trade under pressure in both China and Europe amid weak demand, despite a new round of environmental inspections beginning in Hunan province last week.In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,500-51,000 yuan ($7,241-7,312) per tonne on Wednesday October 31, down 1% from 51,000-51,500 yuan per...Read More
Spot cobalt prices held steady in the first few days of November trading, although trade remained thin as consumers focused on locking in their 2019 requirements in preference to anythingmore than essential spot top-ups. Fastmarkets MB assessed low-grade cobalt prices at $33.50-34.45 per lb and high-grade cobalt prices at $33.50-34.45 per lb, in-warehouse, on Friday November 2, both unch...Read More
Fastmarkets launched its China cobalt sulfate price in May 2018, with historical data dated back to March, tracking the price of this key electric vehicle battery material. Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, the cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis. Metal Bulletin prices...Read More
UC Rusal saw an 18.6% year-on-year increase in its third-quarter earnings due to a recovery in sales after the extension of the company's general licenses by the United States Department of Treasury, the aluminium producer said.The company's quarterly earnings before interest, taxes, depreciation and amortization (Ebitda) rose to $2.92 billion in the July-September 2018 period, up from $2.46 billi...Read More
Bob Moriarty ArchivesNov 6, 2018Prosper Goldreleased incredible results on Monday. The stock did respond, moving up 42.6% on 332,000 shares. If the market actually understood the release, it would have moved a lot higher on a lot more volume. So far the company hasn’t bothered even putting the news on their own site.Here’s the real story.In March of this year Prosper Gold led byPeter B...Read More
Bob Moriarty ArchivesNov 6, 2018Martin Armstrong is easily one of the most interesting and original writers in the financial world. Love him or leave him, he is 100% original. He has come up with some of the most timely financial calls I have ever witnessed, often years in advance.Armstrong’s Pi Model calls for a Panic Cycle with a critical turning point on November 22, 2018. Martin is calli...Read More
Drill core from the Currie Project in Ontario. Source Prosper Gold Corp.Prosper Gold Corp. [PGX-TSXV] has released impressive results from drilling at its Currie Project southwest of Matheson, Ontario.Investors reacted by sending Prosper shares to a high of 14 cents Tuesday November 6 on volume of almost 1.4 million shares traded. In early afternoon trading, the stock had slipped back to 12 cents...Read More
Underground mining operations at the Kamoto Mine, DRC. Source: Katanga Mining Ltd.Glencore AG's [GLEN-LSE] Katanga Mining Ltd. [KAT-TSX] said Tuesday November 6 that it will temporarily suspend the export and sale of cobalt produced from its 75%-owned Kamoto Copper Co. project in the Democratic Republic of Congo (DRC) until further notice.Its partner in the project is Gecamines, a state-owned mini...Read More
SASKATOON - The head of Nutrien Ltd. says the company has enough room for potash expansion in Saskatchewan that it doesn't make sense to invest in expanding production in costlier regions.Chief executive Chuck Magro made the remarks on conference call with financial analysts Tuesday after taking a writedown due to the permanent closure of its potash mine in New Brunswick."The decision is pretty ob...Read More
Since Obama said he would put coal companies out of business, Wall Street has ignored coal producing, making it the most undervalued sector in the market.It's true, coal production did go down for four years, but since Trump was put in office, that has turned around. Don't get me wrong; the U.S. isn't burning more coal - it's exporting it, both to China to replace low-quality coal and to Germany,...Read More
CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63% The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More
How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?* * *Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years By H...Read More