Here Are 3 Hot Things to Know About Stocks Right Now The Nasdaq reached a record close as a positive April jobs report muted concerns about interest rates. Amazon.com ( AMZN - Get Report) rose after Warren Buffett said Berkshire Hathaway ( BRK.A - Get Report) ( BRK.B - Get Report) has been buying shares of the online retailing giant. Newell Brands (NWL - Get Report) reported better...Read More
An overview of the battery raw materials markets and their price moves.Read More
Notwithstanding today's absurdly phony and propagandistic employment report, it's becoming more apparent by the week that the Fed and the U.S. Government are once again preparing to print more money. I don't know when the Fed will revert to more QE but I would argue that the intense effort by the banks to use the Comex as a conduit to control the price of gold is a probable signal - just like in 2...Read More
An overview of the battery raw materials markets and their price moves.Read More
SQM has $1.3 billion in debt and while it has just $8 million of debt maturing this year, it has $265 million of debt maturing in 2020, $15 million in both 2021 and 2022 and $385 million in 2023.SQM produces 70,000 tonnes per year of lithium carbonate and 13,500tpy of lithium hydroxide from its Salar de Atacama operations in Chile, as well as other chemicals, helping it to net income of $439.8 mil...Read More
This recent drop in copper prices is not reflective of the current tight supply and demand fundamentals and a rebound could take place as soon as next week, Codelco's chief commercial officer Roberto Ecclefield told Fastmarkets on Friday May 3."Once China re-opens on Monday, we should see copper prices rebound," Ecclefield said in an interview. "The current price doesn't reflect fundamentals."Mark...Read More
Copper concentrates treatment charges (TCs) declined in early May after traders accepted recent tender tonnages at surprisingly low levels, which stretched the gap between acceptable purchase levels for traders and smelters to its widest in the past year.As of May 3, Fastmarkets' Asia-Pacific TC/RC index dropped to $60.8 per tonne/6.08 cents per lb, compared to $62.50 per tonne/6.25 cents per lb a...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Friday May 3 pricing session in London: Key drivers: - Rally pauses and spot activity slows; buyers in Europe and parts of Asia were out of the market for some of the week. Some buyers are believed to have covered their nearby requirements last month and are awaiting direction before stocking up any further after the rally plateaued over the past week. - Sellers have so far prove...Read More
Global ferrous scrap prices trended downward in the week ended Friday May 3 due to low demand and high inventories held by steel mills.There was mixed sentiment about spot price trends. While most market participants expected a continued softening of prices, others expected prices to become firmer once holidays in Europe, Turkey, Japan and China came to an end. Weak steel markets in Turkey damp de...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 177,275111,05656,305147,288235,600380,868402,961 Change from Prior Reporting Period 584-28,240-2,994-7,11523,801-9,525-7,433 Traders 16768785458254172 Small Speculators LongShortOpen Interest 49,14327,050430,011 -512-2,604-10,037 non reportable positionsC...Read More
Sometimes we're blessed not to possess insider information. Several pointed examples surfaced in the last few days. If we had known, for instance, that Fed Chairman Powell would tell the world on Wednesday that the U.S. economy is holding steady as a rock and that no changes are contemplated in monetary policy, we'd have jumped on call options a day earlier. Lo, the Dow began a 500-point plunge...Read More
Austenitic alloy steel scrap prices in Europe went down in the week ended Friday May 3 because of further losses in the nickel market, Fastmarkets has heard.Fundamentals in the market were unchanged and were not exerting pressure on prices. While some traders reported slow supply, this was matched by demand. All sources said that the fundamentals were balanced.In the UK, Fastmarkets' assessment...Read More
The Turkish steel mills extended their silence in the deep-sea scrap markets at the end of this week, wth no bookings made because they expected to achieve lower prices, sources said on Friday May 3.The most recent deep-sea transaction activity was heard on April 30, and sent prices down by more than $4 per tonne on the day.A steel mill in the Marmara region booked a US cargo, comprising 22,000 to...Read More
Gold futures ended lower on Wednesday, giving back a portion of the gains from a day earlier as U.S. benchmark stock indexes moved higher. Futures added to losses after briefly popping higher in electronic trading in the immediate wake of the Federal Reserve's policy update, as Fed Chairman Jerome Powell held a news conference. The central bank's Federal Open Market Committee left its short-term f...Read More
Key data from the Friday May 3 pricing session in London: Key drivers: - Rally pauses and spot activity slows; buyers in Europe and parts of Asia were out of the market for some of the week. Some buyers are believed to have covered their nearby requirements last month and are awaiting direction before stocking up any further after the rally plateaued over the past week. - Sellers have so far prove...Read More
SUDBURY - Ontario's government is working for the people by holding consultations to hear from businesses firsthand on industrial electricity pricing and programs.Paul Calandra and Ross Romano, Parliamentary Assistants to the Minister of Energy, Northern Development and Mines, met with mining sector stakeholders in Sudbury today. This session is one of several in-person consultations to be held wi...Read More
An overview of the battery raw materials markets and their price moves.Read More
Fastmarkets MB will start publishing six lithium prices, previously only available on its Battery Raw Materials Tracker, on Friday May 3. The prices include two spot battery grade lithium carbonate and hydroxide prices for Europe and the United States, along with four battery grade lithium carbonate and hydroxide contract prices covering Europe, the US, China and Japan & Korea.These...Read More
Fastmarkets MB has discontinued its weekly assessments of the Latin America export hot-dipped galvanized coil price, which was reported on a dollar-per-tonne fob main port basis, with effect from Friday May 3.Following a three-month consultation period, Fastmarkets MB received feedback that there is now limited spot liquidity in this market; producers stepped away from the export markets in 2...Read More