An overview of the noble alloys markets and the reasons for any price moves. Read More
An increase in Northern European buyers' spot market activity improved zinc premiums in Europe this week, while the closed import arbitrage window is weighing on zinc premiums in China and the United States' lead and zinc spot markets were quiet. Northern European zinc consumers acquired units from the spot market this week, leading premiums to rebound from record low levels. A major Indian lead...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has commenced a program of follow-up core drilling targeting extensions of the newly discovered Hurricane zone uranium mineralization at its 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan.HighlightsDrilling has begun with the collaring of drill hole LE19...Read More
Codelco has presented a new labor offer to the three trade unions on strike at its Chuquicamata operation and workers will deliberate on the matter on Wednesday June 19.The Chilean state-owned copper producer proposed a 1.2% wage increase and a bonus amounting to 14.1 million Chilean pesos ($20,185) in a labor contract effective for 36 months. Under the country's law, all workers involved in the n...Read More
By: Ira EpsteinGold in an overbought market challenging the high...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Largo Resources has appointed Paul Vollant as its director of sales and trading, the vanadium producer said on Wednesday June 19.Starting from September 2019, Vollant will lead the development of Largo's sales and trading business, the Toronto-based producer said.Vollant's experience includes the position of general manager of sales and marketing at TNG Limited, Shanghai, where his responsibilitie...Read More
Turkish steel producers have resumed their deep-sea scrap bookings after a short break of a day, but demand is expected to slow down, sources said on Wednesday June 19.A steel mill in the Iskenderun region booked a US cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $278.50 per tonne and 7,000 tonnes of shredded at $283.50 per tonne cfr. This compares with a deep-sea deal from this region on M...Read More
Dovish comments from European Central Bank (ECB) president Mario Draghi combined with some positive US-China trade developments, in that US president Donald Trump said he will meet Chinese president Xi Jinping in late June, to prompt a recovery in equities and industrial metals prices on Tuesday June 18. Markets are now consolidating while they await direction from the conclusion of today's US Fed...Read More
Ontario's government is working for the people of Northern Ontario and supporting the agriculture sector by expanding agri-food businesses in the Thunder Bay area.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of more than $1 million to support four businesses. Investments include: $400,000 to Veumount Farm in Slate River for additional dairy barn...Read More
Key data from the Wednesday June 19 pricing session in Shanghai. Key drivers - The cobalt sulfate price in China trended lower on continued weak demand, although the rate of descent slowed in June compared with May, which reflects producers' resistance to lower bids.- Changes to the Chinese subsidies policy on electric vehicles...Read More
I hate coal.But this really shouldn't be news to you; my veteran readers have known my bearish sentiments over the coal industry for years.Don't get me wrong - you won't see me with a picket sign anywhere, nor will you see me marching on the steps of the Capitol calling for a complete and immediate ban on coal production.Remember, for all the hate and derision thrown at the coal industry, it still...Read More
Ahead of the Fed rate decision, I thought I would share on Canadian Insider our take on the state of North American equities. Here is our analysis that we sent out to INK subscribers this morning in our weekly US market report.Being bearish is now pretty much the consensus view among fund managers, at least according to a survey by the Bank of America Merrill Lynch. As reported in the media yeste...Read More
Update (adds solution implemented) - Our US stock quote data provider IEX has implemented some changes that have resulted in us not receiving US stock quotes. As a result, neither the US quote price nor the data snapshot at the top the US company pages is being fully displayed. We are working on a solution.Alerts, insider filings, company news, and business summary data are not impacted. INK Re...Read More
Fastmarkets MB will launch a weekly assessment of the South America Galvalume steel coil import price, reported on a US-dollar-per-tonne cfr South America basis.Following the original consultation period for this proposed launch, which ended on May 31 before it was extended by two weeks to June 7, Fastmarkets has decided to launch its Galvalume steel coil import, cfr main ports South America, $ pe...Read More
The domestic prices paid for hot-rolled coil in Europe have been largely stable over the week, market sources told Fastmarkets on Wednesday June 19.Mills continued to make attempts to achieve higher transaction prices, while buyers resisted further price increases on slow market activity. End users were reportedly "not ready" to pay higher prices to distributors, while stockholders and service cen...Read More
The European Commission (EC) imposed definitive safeguard measures on 28 imported steel products in February, replacing the provisional measures that had been in place since July 2018.The EC opened the safeguard case in an attempt to prevent steel shipments being redirected to the EU after the United States imposed import tariffs as part of its Section 232 investigation. Almost one year after the...Read More
The price of mesh-quality wire rod in Europe was unchanged this week in a stable and quiet market, sources told Fastmarkets on Wednesday June 19.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was ?,?505-515 ($566-577) per tonne delivered on Wednesday, unchanged week on week. Demand has been quiet in the market this week while buyers anticipate an...Read More
The Wednesday Market Minute U.S. equity futures edge higher ahead of today's Fed policy decision, with investors pricing in a 24.2% chance of a rate cut and President Donald Trump renewing his criticism of Chairman Jerome Powell.Asia stocks rally to five-week highs on hopes of a breakthrough in U.S.-China trade talks and bets on support from global central banks following a dovish turn from ECB...Read More
Prices paid for rebar produced and delivered in Southern Europe were unchanged this week amid heavily subdued activity while buyers await an expected influx of imports in July, sources told Fastmarkets on Wednesday June 19.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?495-515 ($555-577) per tonne delivered on Wednesday, unchanged week on week."It's completely ca...Read More