Prices for hollow steel sections in the domestic European market were unchanged week on week on Wednesday February 27, but increases in hot rolled coil (HRC) prices will soon have a knock-on effect, market sources told Fastmarkets.For the second time in less than a month, ArcelorMittal has announced a ?,?30-per-tonne ($34) price increase for its European coil steel products and while this has not...Read More

The Chilean government will actively be seeking investors for 25 new mining projects when it attends the PDAC Convention in Toronto next week. The projects, which include the mining of a variety of metals including copper, gold, lithium and cobalt, will represent an investment of $500 million and are estimated to lead to 1,500 new jobs in the construction phase alone.Chile's Minister of Mining, Ba...Read More

TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More

Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More

Rio Tinto's (ASX, LON:RIO) investors will be celebrating Christmas in February, as the miner is giving them a $4 billion special dividend, or $2.43 cent a share, after posting its highest annual underlying earnings since 2014.The world's second largest miner reported Wednesday a 2% increase in underlying profit, up to $8.8 billion, beating market forecasts of $8.5 billion on the back of rising rev...Read More

Mining giant Rio Tinto's (ASX, LON:RIO) relentless search for a major copper deposit may have finally paid off as it announced it had made a promising find at its Winu prospect in Western Australia."It is early days and we have more work to do, but the initial results from drilling are pretty encouraging," Chief Executive Jean-S?(C)bastien Jacques said on Wednesday, after Rio posted its highest an...Read More

Rick Mills of Ahead of the Herd provides an overview of the ups and downs in the rare earths market and discusses one company that he believes has all the elements in place for a "successful, small-scale rare earth operation." Those who have worked in the business as long as I have will easily remember the rare earth mania of 2008-11. For about three years following China's export restrictions on...Read More

State-owned long steel producer Emirates Steel is expecting a slowdown in the Middle East construction sector that will persist throughout 2019, chief executive officer Saeed Al-Remeithi said on Tuesday February 26.Al-Remeithi was speaking as the company released partial production results for 2018. He said that he expected the slowdown in the regional construction industry this year because of in...Read More

A handful of congressional testimonies were making headlines all at the same timeIt was another session of choppy trading on Wall Street, with the Dow settling the day in the red. While the Nasdaq managed to move higher, the S&P 500 failed to gain momentum, stalling out just below the closely watched 2,800 level. Traders did their best to monitor the concurrent congressional testimonies of Fed Cha...Read More

SRPT stock is at its highest level since late SeptemberStocks are trading lower today after U.S. Trade Representative Robert Lighthizer's congressional testimony. Among individual names making notable moves are drugmakers Sarepta Therapeutics Inc (NASDAQ:SRPT) and Jazz Pharmaceuticals PLC (NASDAQ:JAZZ), as well as nutritional supplements retailer GNC Holdings Inc (NYSE:GNC). Here's a quick look at...Read More

One of the stocks is flirting with a 13-day win streakSoftware names Workday Inc (NASDAQ: WDAY) and VMware, Inc. (NYSE:VMW) are set to report earnings after the close tomorrow, Feb. 28, and both stocks have been strong heading into the quarterly updates. Below, we'll take a closer look at WDAY and VMW shares to see how Wall Street is positioned before earnings. Room For Bull Notes on WorkdayWDAY s...Read More

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).Increased sharehold...Read More

Arbitrage losses have put downward pressure on the Shanghai cif full-plate nickel premium, but the other Chinese nickel premiums were unchanged week on week, as were those in the United States and Europe. Chinese cif full-plate nickel premiums edged down on the basis of widened arbitrage losses European premiums remained flat across the board despite positive macroeconomic sentiment US briquettes...Read More

By: Jordan Roy-Byrne CMT, MFTABack in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold alon...Read More

By: Ira EpsteinFed Powell was more of a political discussion and not financial.Lower dollar, yields falling. Gold's volatility falling, a market in no-man's land. Gold held $1,323.3 -- bulls won the day. Gold's seasonal chart running into resistance...Read More

Rick's Picks avidly follows the stock market's ups and downs each day, as well as the way it is influenced by the Fed's silly obfuscations. On some days it feels as though the cheerleaders at The Wall Street Journal et al. are overdoing it, generating enough hubris to stand economic logic on its head. But let's not kid ourselves. Whether this rally has a week to go, a month, or even a year, t...Read More

The stocks have ended March higher every year for the past decadeOil prices are higher this afternoon, after U.S. crude and gasoline inventories declined last week. Meanwhile, a pair of energy stocks could muscle even higher in the next few weeks, if recent history is any indicator. Specifically, both Atmos Energy Corporation (NYSE:ATO) and Sempra Energy (NYSE:SRE) stocks tend to thrive in the mon...Read More

Gold will break free from $1320-$1340 trading range and form a new range anytime soon. Silver needs to trade over $1596 to zoom. Copper needs to trade over $291 (till Monday) to zoom. If crude oil rises today and tomorrow, then chances of $60 by next week will be very high. Germany's Merkel wants a united Europe to counter Asia. Chancellor Merkel has said that European political and business l...Read More

Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years. Lesson learned. Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold along with its net speculative posi...Read More

VIX fell more than 30% below its 50-day trendline earlier this weekThe Cboe Volatility Index (VIX) has imploded by historical measures in 2019, falling from a Dec. 26 intraday peak at 36.20 to a Feb. 22 four-month closing low of 13.51. However, a rare technical signal just flashed for the stock market's "fear gauge," which could suggest a short-term spike in volatility, if past is precedent.Accord...Read More