Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Global stocks were mixed Monday as investors reacted the weakest growth data from China in nearly thirty years in favor of a cautious bet that stimulus from Beijing, and a trade deal with Washington, will ignite growth in the world's second largest economy. China's National Bureau of Statistics said fourth quarter GDP slowed to 6.4%, taking the full-year advance to 6.4%, down from 6....Read More
- "Something wicked this way comes" warns John Mauldin- Shaky China: Chinese landing could be harder than expected- Brexit and EU Breakage: "I have long thought the EU will eventually fall apart"- Helpless Europe: If Germany sneezes, their banks & the rest of continent catches cold- We may see "yellow vests" spread globally: Economics is about to get interesting ...by John Mauldin via Thoughts...Read More
U.S. corporate earnings have largely topped analysts' estimates over the first two weeks of the reporting season, according to data from Refinitiv, but slowing revenue growth suggests the fading impact of tax cuts, and the uncertainty surrounding trade talks with China, will clip the collective bottom line of U.S companies over the first half of this year. Fifty-five S&P 500 companies...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.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. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cob...Read More
Domestic scrap prices in Turkey have increased over the past week, in line with the firmer costs for imported scrap, sources said on Monday January 21.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,450-1,630 ($272-305) per tonne delivered on January 21, widening upward from TRY1,450-1,590 per tonne last week.The change in the assessment came after...Read More
(left to right) Shaun Pollard, Ed Balon, and Gareth Thomas.Photo is taken from the top of Shovelnose Gold Property. Source: Westhaven Ventures Inc.Westhaven Ventures Inc. [WHN-TSXV] was an active trader Monday January 21 after the company tabled results from a recently completed drill campaign at its Shovelnose property near Merritt, southern British Columbia.The shares fell 24.2% or 29 cents to 9...Read More
Turkish steel producers have accepted higher prices for scrap imports so that they can replenish their stocks and avoid halting production, although the finished steel market was still sluggish, sources said on Monday January 21.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $287 per tonne, 7,000 tonnes of shredded at $292 per tonne and 5...Read More
Despite weak Chinese gross domestic product (GDP) data that showed fourth quarter 2018 growth of 6.4%, after 6.5% in the prior quarter, the three-month base metals prices on the London Metal Exchange were for the most part holding up relatively well on Monday January 21, with prices just off slightly. The complex posted an average loss of 0.2%, with copper showing the largest reaction; the three-m...Read More
Share this articleTORONTO - Barrick Gold Corp. says it's exploring all options including the possible sale of its Lumwana mine in Zambia as the government considers increased taxes.It says the country's proposed changes to taxes and royalties on the mining industry would threaten the mine's ability to sustain returns to all stakeholders.The Toronto-headquartered company says it continues to eng...Read More
Share this articleTORONTO - Canada's main stock index fell in late-morning trading as the key energy and financial sectors lost ground.The S&P/TSX composite index was down 30.18 points at 15,273.65.U.S. stock markets were closed in observance of Martin Luther King Jr. Day.The Canadian dollar traded for 75.23 cents US compared with an average of 75.41 cents US on Friday.The March crude contract was...Read More
China's hot-rolled coil prices maintained their strength on Monday January 21, particularly those in the export market, amid a drop in supply coupled with an improvement in sentiment.DomesticEastern China (Shanghai): 3,660-3,680 yuan ($540-543) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, widening downward by 10 yuan per tonnePrices were largely stable natio...Read More
China's ferrous futures largely declined during morning trading on Monday January 21 amid the release of industrial data by the National Bureau of Statistics (NBS). Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,644 yuan ($538) per tonne, down 9 yuan per tonneJanuary hot-rolled coil: 3,520 yuan per tonne, down 5 yuan per tonneDalian Commodity Exchange January iron...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index was fairly flat, though it did briefly make a new three-week intraday-high early on Friday at 1096.40. For the week, it closed 2 points higher at 1091.11. MACD dropped to 6, while RSI dropped a point to 68.5. One interesting note is that the Inde...Read More
The European long steel markets have started 2019 in lethargic fashion, disappointing suppliers that were resolutely raising their offer prices just two months ago in anticipation of strong demand.In November, rebar producers were confident of better prices on higher raw material costs, a forecast of strong demand, and external factors such as critically low water levels in the Rhine river and its...Read More
The United Arab Emirates has increased the import duty imposed on rebar to 10%, from the previous 5%, Dubai Customs announced on Wednesday January 16. The duties became effective the following day.The HS codes of the products that now have 10% import duty are: 72131000, 72132000, 7213900, 72139900, 72141010, 72141020, 72141090, 72142010, 72142010, 72142020, 72142090, 72143010, 72143020, 72143090.M...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Domestic scrap prices in Turkey have increased over the past week, in line with the firmer costs for imported scrap, sources said on Monday January 21.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,450-1,630 ($272-305) per tonne delivered on January 21, widening upward from TRY1,450-1,590 per tonne last week.The change in the assessment came after...Read More
Turkish steel producers have accepted higher prices for scrap imports so that they can replenish their stocks and avoid halting production, although the finished steel market was still sluggish, sources said on Monday January 21.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $287 per tonne, 7,000 tonnes of shredded at $292 per tonne and 5...Read More
Physical iron ore prices continued to advance on Monday January 21 after exceeding $75 per tonne cfr last Friday, following gains in the futures and rebar markets.MB 62% Fe Iron Ore Index: $75.90 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Pilbara Blend Fines Index: $76.74 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $77.14 per tonne cfr Qingdao, up $0....Read More
Turkey produced 37.311 million tonnes of crude steel in 2018, a 0.56% decrease compared with 2017, according to the Turkish Steel Producers Association (T???oeD).In December 2018, crude steel production in the country was 2.9 million tonnes, a 11.04% year-on-year fall compared with 3.26 million tonnes produced in December 2017, the T???oeD said last week.The decrease in Turkish crude steel product...Read More