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
The Comex copper price failed to maintain last week's momentum over the weekend, with the market awaiting fresh news on US and Chinese trade talks.Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 4.15 cents to trade at $2.6875 per lb on the morning of Monday January 28."Copper is trying to keep most of the gains...Read More
Exploring the Pegmont lead-zinc project in Queensland, Australia. Source: Vendetta Mining Corp.Vendatta Mining Corp. [VTT-TSXV] shares were active Monday January 28 after the company announced the results an independent Preliminary Economic Assessment for its Pegmont lead-zinc project in Queensland, Australia.Vendetta is a Canadian junior exploration company, engaged in acquiring, exploring and de...Read More
Mariano Lamothe, Undersecretary of Mining Development and Undersecretary of Mining Policy of Argentina.There is no getting around the fact that Argentina faces a number of economic challenges; however, under President Mauricio Macri, in office since 2015, a number of policies have been put in place to attract foreign investment in the mining sector. This has resulted in Argentina's mining sector c...Read More
A summary of Imperial's production results for the year ended December 31, 2018 as well as its production target for 2019. IN BRIEF:The company is a Canada-based exploration, mine development and operating company. Through its subsidiaries, Imperial owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. It also holds a 50% interest in the Ruddock...Read More
I’m back from my mini-vacation! All in all, I got to visit the following places this time around: Iloilo City, Guimaras Island, Bacolod, and Camiguin Island.It was awesome to get away from the hustle and bustle of city life (as usual), but as I mentioned in the last post, I left behind a lot of unfinished work, this time around…I really wish I had been able to wrap up the finishing tou...Read More
The export market for flat steel from the Commonwealth of Independent States (CIS) was calm during the week ended Monday January 28, because mills stayed out of the market while mulling a price increase.Fastmarkets' weekly price assessment for CIS-origin exports of HRC was stable week on week at $445-465 per tonne fob Black Sea on January 28."Mills will come back to the market early this week. The...Read More
There is a clear and well-established hierarchy of metals.And if you've ever participated in or even seen any sport or competition, you've seen an example of this ranking system:We give bronze medals for third place, silver for second, and gold for first.Why is that?Well, in short, it's an expression of real and perceived values inherent to each of the metals, including their chemical properties,...Read More
* U.S. lifts April sanctions on aluminium producer Rusal * Removal of Rusal sanctions mostly priced in -analysts * PRICES: (Adds closing prices)By Zandi ShabalalaLONDON, Jan 28 (Reuters) - Aluminium prices fell on Mondayafter the United States lifted sanctions on the world'ssecond-largest aluminium producer, United Company Rusal . The United States announced in December its intention tolift the sa...Read More
The import price for re-rolling-grade hot-rolled coil into Vietnam has risen in the past week on pre-holiday restocking and lower domestic supply. Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $495-500 per tonne cfr for the week ending Monday January 28, up $5-15 per ton...Read More
China's hot-rolled coil prices rose on Tuesday January 22 led by higher offer prices of mills amid limited need to sell before the upcoming Chinese New Year holiday.DomesticEastern China (Shanghai): 3,760-3,770 yuan ($557-559) per tonne, unchangedNorthern China (Tianjin): 3,690-3,710 yuan per tonne, unchangedDomestic prices were little changed with trading remaining limited.A H...Read More
In today's market report Restarting the late-cycle rally? (Canadian Insider Club members link), we reported that our Pharmaceuticals Indicator, a group which includes many cannabis-related stocks, had put in a bullish formation. The chart below provides some colour on that comment.The INK Pharma Indicator has put in a bullish peak this monthSentiment in this group acts a little differently from m...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 ran into trouble marching through the 1100 level and soon pulled back to the low 1070s before rallying strongly into week's end. The Index closed at a 4-week high at 1097.43 for a 0.6% or 6.3 point gain. MACD fell from 6 to 0.17, while RSI which...Read More
The price for rebar imported to Singapore fell again on Monday January 28 due to ample supply from Ukraine. Fastmarkets MB assessed the import price for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - at $460 per tonne cfr for the week to Monday, narrowing downward from $460-470 per tonne cfr a week earlier. Some 100,000 tonnes of Ma...Read More
China's domestic rebar prices were unchanged on Monday January 28 amid inactivity, but export prices rose slightly on low selling pressure. Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($550-556) per tonne, unchangedNorthern China (Beijing): 3,700-3,740 yuan per tonne, unchangedMost downstream end users have stopped work to get an early start to the holiday for the Chinese New Year, which k...Read More
China's Hebei Iron & Steel will acquire Tata Steel's operations in Southeast Asia, increasing its footprint in Southeast Asia. Tata Steel subsidiary T S Global Holdings (TSGH) entered an agreement with a HBIS Group Co-controlled entity to divest its entire equity stake in NatSteel Holdings and 67.9% of Tata Steel (Thailand), according to a statement filed to the Bombay Stock Exchange on Monday Jan...Read More
The failure of a tailing dam in Vale's C??rrego do Feij??o mine in Brazil's southeastern Minas Gerais state could hamper the mining licensing process and is already affecting iron ore prices, analysts said.Iron ore spot prices and futures have come under pressure following the accident.Fastmarkets' MB 62% Fe iron ore index went up by $3.49 per tonne to $78.18 per tonne cfr Qingdao on Monday, up da...Read More
Turkish deep-sea scrap import prices have gone up after a large number of cargoes were booked from European, Baltic Sea and US origins, sources said on Monday January 28.Several deep-sea bookings from a variety of locations came to light late on Friday after the deadline for the indices that day.A steel mill in the Izmir region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) a...Read More
Domestic scrap prices in Turkey have increased over the past seven days, in line with higher costs for imported scrap, sources said on Monday January 28.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,500-1,660 ($284-315) per tonne delivered on January 28, rising from TRY1,450-1,630 per tonne last week.The change in the assessment came after some st...Read More
CIS billet producers started to indicate offer prices for March-rolling billet early in the week beginning Monday January 28, pushing prices further upward.A few offers of March-rolling billet from Russia and Ukraine were heard at $430-435 per tonne fob Black Sea, compared with $415-420 per tonne fob last week, supported by strengthening prices for scrap and iron ore."We have not offered much Marc...Read More
By: Clint SiegnerTwo big questions have been front and center for Fed watchers in recent months...The first is just how high rates could go before stimulus-addicted markets would falter. The second is whether our central bankers would bow to pressure once markets faltered and politicians began calling for the Fed to resume easy money policies.Both questions now seem to have an answer.They began...Read More