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
AAPL, not long ago the one true love of fund managers, has been a conspicuous laggard since the broad averages trampolined off December's lows. It is only in retrospect that we can see how they might have contrived, albeit with only modest success, to ignore the stock's big problem, which is that the company's ridiculously overpriced phones are poorly positioned to compete against increasingly a...Read More
The Turkish scrap import market was quiet on Thursday February 21 because of the sluggish markets for finished and semi-finished long steel and the subsequent downturn in prices.This week's only transaction so far was a UK cargo sold at $316 per tonne cfr for HMS 1&2 (80:20) on Wednesday. After this, the market prices went down by around $8-9 per tonne.The mills were showing almost no buying inter...Read More
Gold futures climbed Wednesday, scoring another settlement at a 10-month high, with U.S.-China trade talks supporting haven demand for the metal and expectations for a positive outcome to the discussions also feeding the possibility of higher gold demand from China. In electronic trading, following minutes of the Federal Reserve's January meeting, gold futures edged lower from the settlement to $1...Read More
With the vast majority of the world's diamonds estimated to be conflict-free following the development of certification procedures under the Kimberley Process, the mining industry is now developing a blockchain-based solution to track the supply chain of the precious stones. The industry still faces challenges from insurance fraud, the financing of global pipelines and the tampering of official ce...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped Thursday after U.S. economic data were weaker than expected.Nike Inc. (NKE) declined 1.06% after Duke's Zion Williamson, one of the most popular collegiate athletes in the United States and a projected No. 1 pick in this year's NBA draft, injured his knee after his Nike shoe collapsed dur...Read More
Copper price moves on the United States' Comex trading system reversed in morning trading on Thursday February 21 after recent trade talks between the US and China gave no boost to metal prices.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped on Thursday by 2.30 cents per lb to $2.8970 per lb.Senior officials from the US and China are engaged i...Read More
A correction is underway in the three-month base metals prices traded on the London Metal Exchange with prices off by an average of 0.5% on the morning of Thursday February 21, compared with Wednesday's closing levels.This morning's price pullbacks follow a day of strength on Wednesday when the complex closed up with gains averaging 1.2%, which saw copper pushed up through the top of resistance on...Read More
Canada-based North American Lithium has halted production of lithium spodumene at its La Corne mining operation in Quebec, eastern Canada, because of the lower spodumene prices in China, the company announced on Wednesday February 20.The operation has been closed temporarily because lithium spodumene prices have fallen to $600 per tonne from $800 per tonne over the past six months, North American...Read More
Key data from the Wednesday February 20 pricing session in Shanghai. Cobalt metal key drivers The domestic Chinese cobalt metal price trended lower midweek due to thin spot activity following the Chinese New Year holiday on February 4-10 as well as lower offers from some suppliers who were trying to offload stocks. Mainstream offers and sales for Jinchuan-brand cobalt were around 290,0...Read More
TORONTO - Today, Minister of Energy, Northern Development and Mines Greg Rickford released the following statement on Hydro One executive compensation: "Ontario's Government for the People has taken decisive action to bring Hydro One's executive compensation in line with levels with comparable utilities. "After receiving a proposal last week that included a CEO compensation cap of $2.775 millio...Read More
Visible gold in diamond drill core from Wallbridge's Fenelon gold project in Quebec. Source: Wallbridge Mining Co. Ltd.Wallbridge Mining Co. Ltd. [WM-TSX; WC7-FWB] shares were active again Thursday February 21 after the company said drilling has identified a new gold zone at its 100%-owned Fenelon Gold property in Quebec."The new zone intersected in hole FA-18-051 is located several hundred metres...Read More
Domestic prices for heavy steel plate in Europe have moved up over the past week due to higher costs for steel slab, market sources told Fastmarkets on Thursday February 21.Although demand remained rather slow, the steelmakers - particularly re-rollers in Southern Europe - had to increase their prices for plate, market participants said.Fastmarkets' weekly price assessment for domestic grade-S235J...Read More
The Thursday Market Minute Global stocks extend gains on reports of detailed progress in U.S. China trade talks that could allow President Donald Trump to extend the March 2 deadline.Stocks get a further boost from Thursday's Fed Minutes, which reiterated the central bank's "patience" on policy but left the door open for late 2019 rate hikes.Global oil prices print fresh 2019 highs as OPEC+ prod...Read More
Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has increased its new hot-rolled coil offers by $40 per tonne for April-delivery and shipment cargoes due to the recent increases in raw materials costs.The producer's SAE1006 HRC is now on offer at $535 per tonne on a cif basis, up $40 per tonne from $495 per tonne cif for iMarch-shipment materials. And its SS400 and pipemaking...Read More
China's hot-rolled coil market maintained its upward momentum on Thursday February 21, with sellers continuing to make attempts to prop up prices amid rising costs.DomesticEastern China (Shanghai): 3,760-3,790 yuan ($559-563) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,690-3,700 yuan per tonne, narrowing upward by 20 yuan per tonneSellers in Shanghai started selling at around 3,790...Read More
It's an incredibly unloved stock.Perhaps that's why I like it so much.Supreme Cannabis (TSX: FIRE)(OTCBB: SPRWF), a Canadian cannabis player, announced earnings last week and absolutely crushed it.The company narrowed losses, improved margins, and boasted a revenue increase of 359%.But investors yawned. Or rather, they were preoccupied with two other cannabis companies that were also announcing ea...Read More
Bluestone Resources Inc. (TSXV:BSR, OTCQB:BBSRF) is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects, located in Guatemala. A Feasibility Study on Cerro Blanco returned robust economics, with a quick pay back and an average annual production projected to be 146,000 ounces per year, over the first three years of...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday February 21 that are worth another look.Canada has established surtax-free quotas for imports of energy tubular products and wire rod originating from Mexico effective from February 2, an official from Canada's Ministry of Finance said.French mining and metallurgy company Eramet generated lower operating income f...Read More
Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) is a discovery-focused gold exploration company that is committed to advancing its 100% owned, highly prospective, mineral properties, located in Idaho, USA. The Baner Project is in Idaho County, the Champagne Project is located in Butte County, near Arco, and four cobalt properties in Lemhi County, in the Idaho Cobalt Belt. At the 2019 Vancouver R...Read More
Steelmaker Gerdau will halt operations for 60 days at blast furnace No1 at its Ouro Branco mill in the south-eastern Brazilian state of Minas Gerais, starting in early June 2019, the company said on Thursday February 21.The company does not expect the stoppage to affect sales volumes because it is already building up the inventory necessary to continue regular supplies to customers, chief executiv...Read More