Cannabis legalization across the United States continues to be a topic of much discussion in both the 2020 presidential and general elections. The climate for cannabis acceptance has grown massively, resulting in larger representation in both the Senate and House of Representatives.As it currently stands, roughly 98.6% of US citizens live in states permitting cannabis in some form. In other words,...Read More
Section 232 of the Trade Expansion Act of 1962 or commonly referred to as "s232" has been under investigation over the past 18 months. The DOC provided its recommendation to the White House in April of this year and a final decision will be made by President Trump by July 13, 2019.To give some background, in January 2018, a Section 232 Petition was filed by Energy Fuels and Ur Energy. The two US-b...Read More
Tharisa increased its chrome concentrate production by 8.2% in the three months to June 30 from the previous quarter, the South African miner said. Chrome concentrate production reached 334,000 tonnes, up from 308,700 tonnes in the previous quarter but down from 376,300 tonnes in the second quarter of 2018. The miner secured an average...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the appointment of Ms. Morgen Sullivan as VP Growth and Mr. Chitman Uppal as VP Compliance and Operations.Ms. Sullivan joins the Voleo team with an extensive legal background in developing strategies to progress company initiatives and advanced leadership with cross-functional teams. Ove...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the Company will participate in Google's Digital Strategy program to scale and accelerate user acquisition and growth on Voleo's social trading application.The Google Digital Strategy Program is an initiative that aims to optimize selected start-up companies' marketing spend by expanding...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the Company is participating in the 2019 Fidelity National Information Services ("FIS") Fintech Accelerator Program. As one of ten selected start-up companies taking part in the 12-week on-site mentorship program at The Venture Center, Voleo is benefitting from in-depth business suppor...Read More
By: Ira EpsteinThis week is focused on 2-day testimony by Fed Chairman Powell. We will get his views on interest rates. Gold market still in an uptrend, but nearing 18-DMA at $1386.70Read More
There is now a very small section of traders and investors who believe that interest rates may not be cut in end July FOMC meet. Federal Reserve chairman's testimony will clarify on the interest rate cycle. In my view interest rates will be cut this month by 0.25% or something lower as a token and thereafter it can be long pause. Incoming US economic data releases will also determine the interes...Read More
Fastmarkets has made changes to the specification of its cobalt hydroxide payable indicator - namely, to widen the payment window. Following a one-month consultation period that ended on Friday July 5, Fastmarkets has amended the payment window to include trades agreed on the basis of the following month's average metal price (M+1). Previously, the payment window only included trades agreed on the...Read More
Turkish mills have resumed their deep-sea scrap purchases for August shipments after a short break in negotiations, sources said on Tuesday July 9.A steel mill in the Iskenderun region booked a UK cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $288 per tonne cfr.This compared with the most recent deep-sea cargo sold at $298.50 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region on...Read More
Market fundamentals are unlikely to support the recent rise in ferrous scrap prices, the International Rebar Producers & Exporters Association (Irepas) said in its latest short-range outlook this week.Fastmarkets' daily scrap index for Northern Europe-origin HMS 1&2 (80:20) imported into Turkey rose to $296.41 per tonne cfr on Monday July 8, up from $292.09 per tonne cfr&...Read More
India's Ministry of Steel is seeking stakeholder feedback by July 14 on a draft steel scrap policy that aims to reduce the country's reliance on imports by establishing a network of recycling centers to collect and process ferrous scrap. The policy framework aims to provide standard guidelines for collection, dismantling and shredding activities in an organized, safe and environmentally sound mann...Read More
Base metals prices were generally lower in the early trading hours of Tuesday July 9, amid concerns over the prolonged US-China trade dispute, geopolitical tensions in the Middle East, the continued sell-off in major equity indices and persistently weak economic data. Market expectations of a more substantial 50 basis points rate cut by the US Federal Reserve Bank in its upcoming Federal Open Mark...Read More
(Repeats item issued earlier. The opinions expressed here arethose of the author, a columnist for Reuters.) * GRAPHIC: Gold price vs. SPDR holdings: By Clyde RussellLAUNCESTON, Australia, July 9 (Reuters) - Gold's recentrally to a six-year high is suddenly looking a little morefragile after India, the world's number two buyer, unexpectedlyhiked import duties.The increase in the duty to 12.5% from...Read More
Toronto - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, issued the following statement in response to the Ontario Energy Board's Decision on Enbridge's application to include the federal carbon tax in natural gas rates:"We have been clear that we are committed to lowering energy costs and providing transparency for low-income families, seniors and small businesses. Our...Read More
Fastmarkets has made changes to the specification of its cobalt hydroxide payable indicator - namely, to widen the payment window. Following a one-month consultation period that ended on Friday July 5, Fastmarkets has amended the payment window to include trades agreed on the basis of the following month's average metal price (M+1). Previously, the payment window only included trades agreed on the...Read More
In Greek mythology, Plutus is the god of wealth. He was blinded by Zeus so he could dispense his gifts without prejudice. He is also lame, so he is slow in coming, and winged, so he is quick to leave.Plutus came to Greece in the early 2000s and left abruptly a few years later. In fact, Greece was the poster child for the 2008 recession. It was crushed by a debt crisis and a series of poor governm...Read More
Cobalt 27 Capital Corp. (TSXV: KBLT) (OTCQX: CBLLF) (FRA: 27O), is a battery metals streaming and royalty company, primarily focused on cobalt and nickel, offering exposure to metals integral to key technologies of the electric vehicle and energy storage markets. We learned from Anthony Milewski, Chairman and CEO, and also from Justin Cochrane, President and COO, of Cobalt 27, about the recent agr...Read More
The price of CRC imports to the United Arab Emirates edged up this week, while HRC and HDG import prices went in the opposite direction on continuing sluggish demand caused by the annual slowdown in the construction sector.UAE Offers for hot-rolled coil imports to the UAE came in at $510 per tonne cfr for material imported from China, with deals for cargoes over 10,00...Read More
AGF Management stock makes a push to clearly break through the 200-day clouds. Watch the video summary of our July 9th INK morning report.Subscribe to the INK Research YouTube channel for more video report summaries. As a reminder, INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage. Your browser does not support...Read More