Q1 RESULTS Barrick has reported a better - than - expected profit for the first quarter ended March 31, as
higher metal prices boosted the bottom line.
COT data is supportive for overall
higher metal prices.
The main topic was commodity inflation around
higher metal prices (aluminum and steel) and higher oil prices, which translated into higher packaging costs for many companies, but it also included wage concerns.
The capacity cuts are contributing to
higher metals prices, with the S&P GSCI Industrial Metals Index having gained more than 24 percent year - to - date.
Revenues for the period grew nearly 50 % to $ 386.66 - billion, the Toronto - based company reported, as copper and silver sales accelerated, and were boosted by
higher metals prices.
By: Henry Lazenby 26th April 2018 Canadian diversified miner Sherritt International has reported a narrower first - quarter headline loss of C$ 14.7 - million, or C$ 0.04 a share, compared with a loss of C$ 82.7 - million, or C$ 0.28 a share, for the same period of 2017, mainly as
higher metals prices made up for lower output.
Not exact matches
Prices on the London
Metal Exchange soared by a third, lifting the metal to its highest in nearly seven years, after the United States imposed sanctions this month against billionaire Oleg Deripaska and his company Rusal, the world's No. 2 aluminium prod
Metal Exchange soared by a third, lifting the
metal to its highest in nearly seven years, after the United States imposed sanctions this month against billionaire Oleg Deripaska and his company Rusal, the world's No. 2 aluminium prod
metal to its
highest in nearly seven years, after the United States imposed sanctions this month against billionaire Oleg Deripaska and his company Rusal, the world's No. 2 aluminium producer.
Aluminum products maker Arconic slashed its 2018 forecasts for profit and free cash flow as it expects
prices of the
metal to remain
high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.
The
metals tariffs have caused some divisions within Trump's Republican Party, as steel and aluminum consuming industries have warned that
higher prices would hurt their competitiveness.
April 30 (Reuters)- Aluminum products maker Arconic Inc slashed its 2018 forecasts for profit and free cash flow on expectations that the
price of the
metal would remain
high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.
Gains in oil and base
metals prices have helped push the Australian share market
higher, which is getting support from the energy, mining, and retail sectors.
The London
Metal Exchange three - month aluminum
price hit a seven - year
high of $ 2,718 per tonne on April 19 but is now trading back down around the $ 2,250 level.
Mincor Resources says it expects to exceed its full - year nickel production guidance as the
price of the base
metal hit a 14 - month
high overnight.
For one, there has not been the increase in
metals supply you would expect with sustained
high commodity
prices, because it simply takes so long to discover new deposits and then to permit, finance and develop new mines.
SHANGHAI
METALS: Aluminium and zinc
prices in Shanghai also raced
higher.
The New York City company had a lousy 2013, thanks to lower
metal prices and
higher manufacturing costs, which added up to a loss of $ 2.3 billion and the number four spot on the «Fortune 500: 20 companies that lost the most» list in 2014.
Safe - haven investments suffered: in the
metal markets, silver
prices tumbled more than 6 %, marking their biggest loss since late 2008, and gold fell more than 2 %, off a record
high.
Base
metals prices have come off their peaks, by an average of about 30 per cent, though they're still
high compared to earlier history.
Metal dealers also often employ «loss - leader» strategies on initial purchases to gain new customers, but will adjust
prices higher on subsequent purchases or recommend more expensive products like collectibles where the spread is much
higher, resulting in greater profit for the dealer.
Gold - mining stocks certainly fared better than the broader equity market during the first four days of this week as mining shares that trade in North America surged on
higher precious -
metals prices.
Tremendous success of Tesla's Model 3 pre-sale rekindled a hype around electric cars last month, leading to
higher prices and concerns for lithium, but there is another
metal investors should keep an eye on.
I decided that I could not stomach the volatility of the precious
metal price fluctuations anymore, so I decided to stick with my goal of slowly accumulating shares of
high quality companies that pay dividends.
Precious and Industrial
Metals Inflation concerns, geopolitical tensions and interest - rate levels, especially real yields, contributed to a 1.7 % rise in the spot
price of gold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1 Gold
prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month
highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year
high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projected.
In the base
metals complex, only nickel and tin traded
higher for the quarter.4 A slow start to Chinese restocking coming out of the Chinese New Year holiday weighed on
prices for copper and aluminum, both of which saw their worst quarterly results in years, while zinc and lead
prices also declined.4 The London
Metal Exchange (LME) Index, which tracks the three - month futures prices of all six metals, fell 6.3 %.4 LME copper -LRB--7.4 %, to US$ 6,714 per mt) and other industrial metals erased some of their 2017 gains, falling alongside a sharply decelerating expansion in China's manufacturing activity — sparking demand concerns and greater caution among hedge funds and other speculators who cut their net long positions in the metal.4 Outside the LME, US steel was buoyed by trade policy cha
Metal Exchange (LME) Index, which tracks the three - month futures
prices of all six
metals, fell 6.3 %.4 LME copper -LRB--7.4 %, to US$ 6,714 per mt) and other industrial
metals erased some of their 2017 gains, falling alongside a sharply decelerating expansion in China's manufacturing activity — sparking demand concerns and greater caution among hedge funds and other speculators who cut their net long positions in the
metal.4 Outside the LME, US steel was buoyed by trade policy cha
metal.4 Outside the LME, US steel was buoyed by trade policy changes.
Aluminum products maker Arconic Inc slashed its 2018 forecasts for profit and free cash flow on expectations that the
price of the
metal would remain
high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.
We've eliminated the
high prices, hidden fees, and frustrating buying process found in other precious
metals platforms.
Prices entered a bull market on the London
Metal Exchange last month, reaching a 17 - month
high of $ 2,056 a ton on Aug. 12.
The managing director of American Precious
Metals Advisors explains why demand from China and India could drive gold
prices even
higher in the coming months.
To do so would either create massive hyperinflation (devaluation) of our current fiat currency, massive swings (politically rather than market driven) in the
price of the
metal, or create such a
high conversion rate as to be nearly meaningless.
U.K. stocks finish at 10 - week
high as
metals prices rally Shire soars; pound seesaws as U.K. retail sales disappoint U.K. stocks end slightly
higher on Thursday, boosted by gains for miners on the back of a rally in nickel and aluminum
prices.
Base
metal prices are now over 20 per cent
higher than at the beginning of the year.
Recent movements in the exchange rate have also been reflected in indexes of trade
prices; the export
price index rose by more than 16 per cent over the past year, with
higher prices for base
metals, chemicals, and petroleum aided by
higher world
prices and increased demand.
These
price increases have been driven by low stocks and expanding global industrial production, and have taken base
metals prices close to 15 - year
highs.
Most often this is into gold, but, with the gold
price so
high, increasingly silver is the
metal of choice -LSB-...]
In part, this rise reflected
higher prices for basic
metal products, resulting from developments in world commodity markets.
Base
metals prices were broadly unchanged over the three months to January, and at 11.2 per cent
higher over the past year, they remain around the
highest levels seen since 1990.
World
prices of Australia's base
metals exports are now around 40 per cent
higher than they were two years ago.
Other major resource exports, like
metal ores and processed
metals, also benefited from capacity expansions,
higher prices and the continued improvement in trading partner growth, particularly in East Asia.
May 3 - Rising costs start to squeeze American businesse CNN Money May 3 - Home
Prices Jump Again And «$ 3 Gas Is Coming» Dollar Collapse May 3 - Gold
price claws its way
higher on Fed meeting and geopolitics Gold - Eagle May 2 - Q&A on SS Central America Gold Coins CoinWeek May 2 - Goldman says case for owning commodities has «rarely been stronger» than it is now CNBC May 2 - Gold, Silver See Corrective Bounces Ahead Of FOMC Statement Kitco May 1 - Gold Eagle Sales Still Faltering While Mining Output Collapses — Perfect Storm Daily Coin May 1 - Relentless USD Rally Is Precious
Metal Kryptonite GoldSeek Apr 30 - Venezuelan Inflation: The Demise of Fiat Currency in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA auction Coin World Apr 27 - PCGS security features help police nab suspects in robbery case Coin Update Apr 27 - The Most Famous Coin of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectible?
High inflation rates, slow economic growth, loss of global value of currency, and social and political uncertainty leads to increment in
prices of precious
metals.
ED: I agree,
higher precious
metal prices would do the trick nicely — and then some.
You should start seriously thinking about how to invest in gold now before precious
metals prices rise any
higher in tandem with oil levels.
Although gold
prices have fallen from their record
highs, global economic trends — and in particular, trends in China — would indicate that the precious
metal's value is poised to increase significantly.
The FTSE 100 closed strongly on Thursday, was up 20.84 or 0.29 % at 7,234.81, helped by mining stocks which took their cue from the
higher prices of
metals.
Even as gold
prices fell for the first time in 14 years in 2013, BMO Capital Markets of Montreal, Canada, advised its clients in the
metals and mining industry on 17 deals worth a total of $ 6.4 billion in North America — a
higher value than any other bank.
Gold rose to the
highest price since March as a slump in global equity markets increased the appeal of precious
metals as an alternative investment.
Higher prices for industrial
metals like silver and copper helped mining and related stocks.
«It is tempting to blame the sharp post-election rally in industrial
metals prices on President - elect Trump's platform of lower taxation and
higher public spending on infrastructure,» wrote analysts at Goldman Sachs.
Net debt excluding zinc
metal prepay and perpetual securities of EUR 1.351 billion at the end of Q1 2018, an increase of EUR 249 million on 31 December 2017 driven predominantly by working capital outflow mainly due to
higher commodity
prices and amortisation of prepays.
We've been focusing closely on the jump in
metals prices, particularly aluminum and nickel in addition to oil but quietly food
prices have broken out to an 8 1/2 month
high.