Will New Tax be a Spoiler for Indians’ Love of Gold?

Indians’ love of gold is a story with which many around the globe are familiar. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Just how deep is this love? A recent research report by one of India’s well-known equities firms said India had consumed — hold your breath — around…

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from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/07/12/india-goods-services-tax-world-gold-council/

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Platinum’s Fortunes Not as Negative as Markets Suggest

Reports of platinum’s demise have been much exaggerated — or so this month’s report from the World Platinum Investment Council (WPIC) would argue. Sales of diesel vehicles in some parts of Europe have taken a beating in recent months over concerns that authorities will raise costs or otherwise make living with diesel engines a less attractive…

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from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/07/03/world-platinum-investment-council-volkswagen-dieselgate-battery-electric-vehicles/

This Morning in Metals: London Copper in Holding Pattern, Zinc Falls Back

This morning in metals news: copper on the London Metal Exchange (LME) is hanging steady, zinc pulled back after hitting a two-week high and General Electric (GE) announced plans to build the world’s largest laser-based powder bed metal 3-D printer. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up No Movement…

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from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/06/20/london-metal-exchange-zinc-copper-3d-printing-general-electric/

The June MMI Report: Up, Down and Static

Our June MMI Report is in the books, and there’s a lot to unpack. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Out of 10 MMI sub-indexes, four posted no movement from our May MMIs. That wasn’t true for all, though, as the report shows promising signs for construction…

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from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/06/14/the-june-mmi-report-up-down-and-static/

Week in Review: Brazil Aims for Comeback; LME Challenger on Horizon

It was a busy week in the world. On Thursday alone there were elections in the U.K. (which resulted in a hung parliament) and former FBI Director James Comey testified before the Senate Intelligence Committee. Before we head into the weekend, let’s look back at the top storylines in metals news on MetalMiner this week: Climate of Corruption…

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from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/06/09/week-in-review-brazil-aims-for-comeback-lme-challenger-on-horizon/

Gold Price the Winner in Early June; Rest of Precious MMI Flattens

Here’s What Happened

  • All quiet on the precious-metals front this month, as our Global Precious Metals MMI held pat from May to June at a reading of 84.
  • Since we tend to keep a closer eye on the platinum group metals (PGMs) due to their automotive applications, the U.S. platinum price tracked by the MetalMiner IndX posted only a negligible gain, while the U.S. palladium price suffered only a negligible loss…reflected directly in the wash that was the sub-index’s June performance.
  • Interestingly, gold has been getting hot as of late. More on that below.

What’s Going On in the Background?

  • Although the Global Precious Metals MMI did not reflect it in the May-to-June time period, the U.S. gold price increase after June 1 has gotten some heads turning. As my colleague and new MetalMiner Editor Fouad Egbaria reported earlier this week, “gold neared its year-to-date high on Tuesday,” according to Reuters. “The rise comes in a climate of political uncertainty, with an election in the United Kingdom, former FBI Director James Comey’s testimony before the Senate Intelligence Committee on Thursday and a European Central Bank meeting this week,” Egbaria noted.
  • Back to platinum. As a reflection of the metal’s dawdling short-term pricing, South African producer Lonmin has been struggling, so much so that Reuters reported earlier this week that the company is “pulling every lever to try to restore confidence in its ailing business, including reopening a major shaft and expanding its biggest operation,” according to Lonmin’s CEO. Low prices and skyrocketing costs have reportedly conspired to present the company with a cash problem over the past near-decade.

What Metal Buyers Should Look Out For

  • Platinum specifically has had a low-price problem this year — but that’s obviously less of a problem if you’re purchasing metal. While we’re unsure of when prices will swing back up, mainly because output cuts in South Africa and elsewhere have seemingly not helped, it may be hard to discount current windows for smaller spot buys.

Exact Prices of the Key Movers and Shakers

The post Gold Price the Winner in Early June; Rest of Precious MMI Flattens appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/06/09/gold-platinum-lonmin-silver-platinum-palladium-south-africa-india/

This Afternoon in Metals: Changes for Chinese Scrap Metal Imports Could be on the Horizon, Gold Hits 1-Month High

This afternoon in metal news, Chinese imports of scrap metals could be subject to further scrutiny by the government, gold reached a one-month high and GE Additive gives away metal 3-D printers valued at $8 million to more than 400 schools. GE Additive previously committed $10 million to its GE Additive Education Program, which aims to encourage the…

The post This Afternoon in Metals: Changes for Chinese Scrap Metal Imports Could be on the Horizon, Gold Hits 1-Month High appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/05/31/chinese-scrap-metal-imports-changes-gold-high/