Jun 13, 2019 Guest(s): Hans-Arne L'orange Director, Clarksons Platou Securities The Trump trade wars has pushed down base metals, and the deflated price could be a good barometer for global growth, said Hans-Arne L'orange, director of Clarksons Platou Securities. "Dr. copper is known world-wide to give a good indication of the world's GDP growth, and I think the drop from April is a clear indica...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Thursday even as reports of attacks on two oil tankers sent oil prices soaring. Lululemon Athletica (LULU - Get Report) jumped after topping first-quarter earnings and sales forecasts and lifting its fiscal-year outlook. Lululemon Athletica is Real Money's Stock of the Day. Tyson Foods (TSN...Read More
Copper's three-month price on the London Metal Exchange consolidated at the close of trading on Thursday June 13, improving from an intraday low of $5,811.50 per tonne and closing marginally higher despite fresh inflows totaling more than 37,000 tonnes.News of strike action at Chilean state-owned copper producer Codelco's Chuqicamata mine helped to improve copper's three-month price over the day,...Read More
Workers in unions 1, 2 and 3 of Codelco's Chuquicamata copper mine have rejected the company's most recent contract offer and plan to go on strike from Friday June 14, Codelco said on Wednesday June 12.The strike is to begin during the first work shift on Friday after workers expressed their dissatisfaction with a 1.2% salary rise and a one-time benefits package - worth around $20,000 - without an...Read More
Employees at the Chuquicamata division of Codelco plan to go on strike from tomorrow, Friday June 14, after union-to-management talks broke down, the three workers' trade unions said on Thursday June 13.The members of the three workers' trade unions unanimously decided to begin industrial action on Friday after Codelco's latest offer failed to meet workers' expectations over medical expenses and p...Read More
Brazilian primary aluminium production declined for the 17th consecutive month on an annual basis during April 2019, data from national industry association Abal showed on Wednesday June 12.The aluminium industry in the country is preparing for the Albras smelter to return to full capacity and is preparing to discuss its import quota for the second half of the year.Primary aluminium production in...Read More
* GRAPHIC-2019 asset returns:* LME copper stocks jump, ShFE stocks down (Adds closing prices)By Pratima DesaiLONDON, June 13 (Reuters) - Copper prices recovered onThursday after weak U.S. data reinforced prospects of rate cutsfrom the U.S. central bank, but worries about demand in topconsumers China and the United States cappedgains.Benchmark copper on the London Metal Exchange endedup 0.1% at $5,...Read More
After China's spot tungsten concentrate price fell below a level widely considered to be the break-even point for most producers in the country, many in the market had expected the price to bottom out.But the price has defied this expectation and continues on a downward trend, most recently reaching its lowest since July 2017. Some in the market are pointing to an abundance of supply as the reason...Read More
The demise follows Symbol starting operations at the 60%-owned Macy mine in mid-2018 and making its first shipment of a DSO zinc product in December.Read More
By: Ira EpsteinGold Fibonacci shows supports below, 18 DMA about to move above the 100 DMA, moving above is a bullish crossover:Read More
Here is the best explanation I've seen to date of how the U.S. stock market works. It is from John Jay, who posts regularly in the Rick's Picks Forum: "The stock market is the primary bag-man the Federal Reserve uses to transfer the U.S. Dollars they create from thin air to the .01%." Just so. When you consider how many hundreds of billions of dollars find their way into the pockets of the ve...Read More
Vietnam's tungsten miner Masan Resources has hired former Amalgamated Metals Corporation (AMC) trader William Parry-Jones, the company told Fastmarkets on Thursday June 13.Parry-Jones has joined the company this month as its manager for tungsten raw materials and has relocated to Hanoi from London after almost eight...Read More
The Thursday Market Minute U.S. stock futures gain amid a surge in global crude prices following attacks on two shipping tankers in the Strait of Hormuz.Two ships reported being hit by missiles or explosives, while U.S. Navy vessels were sent in support, as tensions in the busy crude traffic lane intensify.Asia stocks slide prior to the oil surge on concerns over stall U.S.-China trade talks and...Read More
Turkish steel producers have continued their deep-sea scrap purchases, increasing their combined tonnage for import to 226,000 tonnes in two days, sources said on Thursday June 13.In addition to two deep-sea cargoes booked early on June 12, four steel mills booked five more cargoes late that day.A steel mill in the Marmara region booked a US cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $2...Read More
Gold prices scored back-to-back session gains on Wednesday, with global headlines emphasizing trade-war uncertainty, tensions in the Middle East and protests in Hong Kong providing a lift to the haven metal. "Renewed worries over the U.S.-China trade war and its impact on the global economy are pushing gold higher," said Mark O'Byrne, research director at GoldCore. Those "trade tensions may be pri...Read More
The Chilean government expects to publish new lithium mining concession rules next week, in hopes that "clearer regulation" will boost projects in the country, deputy mining minister Pablo Terrazas said at Fastmarkets' 11th Lithium Supply and Markets Conference."We have decided that Chile needs to increase its lithium production, and President Sebasti??n Pi??era gave the ministry of mining the man...Read More
Dear Energy and Capital Reader,My name is Lillie, and I'm a first-year college student currently studying at the University of Amsterdam in the Netherlands.Given my many years of experience, I can safely say that I don't know much about most things; however, I do know a good opportunity when I hear one, and when my uncle offered to pay me to write 1,000 words on the Amsterdam Fintech conference, I...Read More
Chatham Rock Phosphate Limited (TSXV: NZP, NZAX: CRP) is the custodian of New Zealand's only material resource of ultralow cadmium, environmentally friendly pastoral phosphate fertilizer, and aims to be the premier supplier of direct application phosphate to the New Zealand and global agricultural sector. The low-cost resource located 400 meters under the water offshore New Zealand, represents one...Read More
An increasing number of cobalt sulfate producers in China have cut, or are planning to cut, output in response to falling battery raw materials prices amid stagnant demand, market sources told Fastmarkets MB.In addition, some producers have switched to producing other chemistry compounds, including cobalt chloride and nickel sulfate, sources added. But market participants have mostly downplayed th...Read More
It'll likely go down as the biggest IPO of the year.Beyond Meat (NASDAQ: BYND), the company that makes a pretty spectacular plant-based burger, debuted less than two months ago.Since then, the stock has climbed more than 313%.Those who got in early made a boatload of cash.Those who are chasing it now, however, are going to lose a lot of money.Although Beyond Meat is a solid company that will do ve...Read More