BDC Capital, the investment arm of Canada's only bank devoted exclusively to entrepreneurs, has pledged C$250 million to an industrial innovation venture fund. The funds will be invested in tech companies and entrepreneurs transforming core Canadian business - including mining.Capital will be invested in businesses at any stage of their life to help them drive marked improvements in productivity a...Read More
Weekly Reports |Jun 04 2019Buyers are paying more for uranium that does not come from sources facing possible US restriction but falling demand is still sending prices lower.-Uranium price discrepancy opens up-Trend remains down-IEA rails against premature reactor shutdownsBy Greg PeelAn interesting dynamic opened up in the month of May in uranium markets with regard the uncertainty surrounding th...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 4. Please click...Read More
The premiums offered on supplies of aluminium to Japan in the third quarter of 2019 have been heard at $115-120 per tonne cif main Japanese ports (MJP), about 12% above the second-quarter premium, due to tighter supply, Fastmarkets learned on Tuesday June 4.One major producer offered a premium over the London Metal Exchange cash price of $115 per tonne and another $120 per tonne for July-September...Read More
Zinc's three-month price on the London Metal Exchange had climbed moderately by the close of trading on Wednesday June 4, with the morning's cancelation of more than 15,000 tonnes not enough to push the price higher than $2,500 per tonne.Volumes traded in the galvanizing metal topped the complex by the close, however, indicating strong buying interest over the day's trading.More than 11,000 lots o...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose more than 500 points Tuesday on signs the Federal Reserve is at least considering a rate cut and on positive comments about trade from Chinese officials. Uber Technologies (UBER) shares rose as investors reacted to a series of analysts' recommendations for the ride-sharing company following its $82...Read More
An inverted yield curve has historically been the most accurate indicator of an impending or concurrent recession. The inversion during late 2006 and most of 2007 is a good example. Studies have shown that curve inversions precede a recession anywhere from 6 months to 2 years. I would argue that, stripping away the affects of inflation and data manipulation, real economic activity has been somewha...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 4, 2019 The powerful sell signals I have in play for US stock markets at my www.guswinger.com trading service show no signs of abating. Please click here now. Double-click to enlarge this Nasdaq ETF chart. President Trump unleashed a huge corporate tax cut early in his presidency, an...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday June 4 that are worth another look.The China Nonferrous Metals Industry Association Antimony Branch (CAA) held an industry meeting calling for major producers to reduce output in an effort to halt the price decline seen since the start of the year, market sources told Fastmarkets. The London Metal Exchange's zinc price...Read More
The bullish run in China's alumina price may end in July on smaller than expected alumina production cuts in Xinfa Group's alumina refineries and easing tightness after more imported cargoes arrive, sources told Fastmarkets on Thursday May 30."I heard the aluminium production lines in Xinfa's Jiaokou plant were not fully stopped because the materials loaded in previously were not used up and it ma...Read More
London-listed Pembridge Resources will purchase Capstone Mining's Minto copper mine in a deal that could total $20 million based on future price performance, but does not guarantee any money will change hands at current levels.Pembridge will pay Capstone $5 million once Minto has reached 60% mill capacity, another $5 million when that capacity is reached and the copper price has averaged over $3 p...Read More
China Nonferrous Metals Industry Association Antimony Branch (CAA) has held an industry meeting calling major producers to reduce output in a move that is likely to halt the price decline since the start of the year, market sources told Fastmarkets. Several major antimony producers, whose output accounts for more than 80% of the country's total volume, including China Minmetals Rare Earth Co, Huna...Read More
Gold futures on Monday tallied a fourth straight session climb, settling at their highest in more than three months, as investors fled to the perceived safety of havens like precious metals and bonds amid persistent tariff tensions between the U.S. and its global trade partners. "Gold is looking good here-responding to the rise in economic wars via tariffs to the global economic slowdown," said Pe...Read More
Montr?(C)al, Qu?(C)bec - June 04, 2019 - Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM / OTCQX:SYATF), a leading provider of in-vehicle communication devices, is pleased to announce the Uniden (R) UV350 in-vehicle mounted phablet is FirstNet ReadyTM, making it tested and approved for use with services on the FirstNet communications platform.FirstNet is built with AT&T in a public-pri...Read More
The Precious Metals sector has broken strongly higher in recent days, with silver breaking out of its downtrend just yesterday, when the fundamental reason for this move emerged - the Fed has let it be known, via the St Louis Fed governor, that they are going to drop rates soon. This is clearly a panic move triggered by the stockmarket breaking down below key support - the intention is to head...Read More
By: Ira EpsteinGold is honing on $1,329.20 area resistance. August gold is looking impressive. $1,336 is the next objective. This market is possibly showing an important, watershed moment -- this has an energy that it has not had in a very long time. Is the market overbought? Yes:Read More
London 4th June, 2019: Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4. The release of these EUR a...Read More
Gold faces key resistance at $1339.10. Gold needs to break and trade over $1339.10 to rise to $1353 and $1374. Sell off will be there if gold does not break and trade over $1339.10. Speculation of interest rate cuts by the Federal Reserve will be bullish for gold and silver. Momentum is very bullish. Today and tomorrow are very crucial days for continuance of bullish trend. Silver needs to trade...Read More
The Turkish deep-sea scrap markets remained quiet on Tuesday June 4 with participants still absent because of the week-long Eid al-Fitr public holiday, sources told Fastmarkets.This lack of market activity was expected and was likely to continue for the rest of the week, with Turkey being on public holiday from June 3 until June 7. The holiday marks the end of the period of...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices, rare earths update)By Zandi ShabalalaLONDON, June 4 (Reuters) - Copper prices hovered near afive-month low on Tuesday as an escalation of the U.S.-Chinatrade war reinforced concern about demand for industrial metalswhile the weaker dollar provided some suppport.China on Tuesday warned that its companies operating in theUnited States could...Read More