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
The Turkish deep-sea scrap import market has been quiet so far this week due to continuing limited demand for finished steel products, which is making Turkish producers hold back from buying raw materials, sources said on Wednesday February 27.The scrap import market in Turkey went quiet at the end of last week after a Baltic Sea cargo transaction, which sent prices down by $20 per tonne week on w...Read More
Key data from the Wednesday February 27 pricing session in Europe.Key drivers - Persistent supply worries involving a major supplier prompted short-covering and is expected to propel prices higher in the weeks to come. Ferro-titanium producers and traders have been getting more buying interest from Europe and the United States. With one producer typically offering at least 350 tonnes per month to...Read More
The Choco Precious Metal Project in Colombia. Source Max Resource Corp.Max Resource Corp. [TSXV: MXR, OTC: MXROF, FSE: M1D1] (“MAX” or the “Company”) is pleased to report the results of a “cloud stitched” Long Wave InfraRed (LWIR) survey over a 1,000 sq. km area within the Company’s 1,757 sq. km “Choco Gold Bearing Conglomerate Project”, locate...Read More
Hand sample from Nasigon NE showing disseminated copper minerals (bornite, covellite, malachite) in calc-silicate rock at the Mitchi Project in Quebec. Source: Kintavar Exploration Inc.Kintavar Exploration Inc. [KTR-TSXV] shares were active Wednesday February 27 after the company released final assays from 2018 drilling on its Mitchi property in Quebec."We are very excited with these final result...Read More
Gold futures finished lower on Tuesday to mark their first two-session skid in nearly three weeks. Still, the price move was modest, showing little reaction to the U.S. Federal Reserve Chairman Jerome Powell's first day of testimony to Congress, at which he backed a wait-and-see mode. Some weakness in stocks, falling yields and a softer dollar - all factors that would ordinarily support bullion -...Read More
The 60,000 tonne-per-day Mount Milligan open pit, copper-gold mine is located approximately 90 miles northwest of Prince George in central British Columbia, Canada. Source: Centerra Gold Inc.Centerra Gold Inc. [CG-TSX; CAGDF-OTC] on Wednesday February 27 announced positive news in relation to its bid to secure a vital supply of water for its Mount Milligan copper-gold mine in British Columbia.The...Read More
Carnotite Mineralization found at ANIT. Source: Blue Sky Uranium Corp.Blue Sky Uranium Corp. [TSX-V: BSK, FSE: MAL2; OTC: BKUCF], (“Blue Sky” or the “Company“) is pleased to announce the results of the first Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project in Rio Negro Province, Argentina. T...Read More
Domestic prices for hot-rolled coil (HRC) in Southern Europe have moved up slightly over the past week, while import prices rises have stopped, sources told Fastmarkets on Wednesday February 27.Fastmarkets' weekly price assessment for domestic HRC in Southern Europe was ?,?485-510 ($551-580) per tonne ex-works on February 27, compared with ?,?480-510 per tonne ex-works a week earlier.An Italian in...Read More
The Wednesay Market Minute Global stocks mixed amid conflicting U.S. data and headline geo-political risks in both Europe and Asia.Pound trades at four-month high after Prime Minister Theresa May allows for possible delay Britain's March 29 Brexit deadline.Global oil prices bump higher after U.S. stockpiles fall by 4.2 million barrels and OPEC+ members signal willingness to hold collective produ...Read More
China's export hot-rolled coil prices moved closer to domestic values on Wednesday February 27, with buyers willing to take higher prices in the expectation that global demand will rebound soon.DomesticEastern China (Shanghai): 3,800-3,830 yuan ($567-572) per tonne, unchangedNorthern China (Tianjin): 3,750-3,760 yuan per tonne, narrowing at both endsDomestic prices today were mainly stab...Read More
And the consolidation in the cannabis industry continues.We got word today that Curaleaf Holdings (OTCBB: CURLF) (CSE: CURA) is acquiring Eureka Investment Partners for $30.5 million.With this acquisition, Curaleaf will get access to California's wholesale market through a 110,000 square foot greenhouse facility in Salinas, CA, with the potential for a 270,000 square foot expansion. Combined, this...Read More
Sometimes all a successful investor needs is a little patience... and just the right amount of luck.Ask yourself what you were doing when you were about 11 years old.Perhaps you were stuck in a classroom with your friends counting down the seconds until the end of the day. Or maybe you had spent your last $0.40 hoping to find that 1990 Upper Deck card of Andres Galarraga that you'd been hunting.Ma...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday February 27 that are worth another look.Following reports of a potential power shortage in one of China's major ferro-alloy production hubs in the second quarter of this year, market participants have downplayed any immediate impact on ferro-alloy prices in the country, saying they intend to adopt a wait-and-see stance in...Read More
European prices for mesh-quality wire rod stayed flat across the continent on Wednesday February 27, with slow demand keeping prices steady and negating any effect of potential supply pressure from the European Commission's safeguard import quotas.Fastmarkets MB's weekly domestic price assessments for mesh-quality wire rod for both Northern and Southern Europe stayed at ?,?530-550 ($603-625)...Read More
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 Turkish deep-sea scrap import market has been quiet so far this week due to continuing limited demand for finished steel products, which is making Turkish producers hold back from buying raw materials, sources said on Wednesday February 27.The scrap import market in Turkey went quiet at the end of last week after a Baltic Sea cargo transaction, which sent prices down by $20 per tonne week on w...Read More
Physical iron ore prices continued to correct on Wednesday February 27, with buyers and sellers both cautious about taking any action.MB 62% Fe Iron Ore Index: $83.54 per tonne cfr Qingdao, down $0.21 per tonne. MB 62% Fe Pilbara Blend Fines Index: $82.94 per tonne cfr Qingdao, down $0.21 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $85.80 per tonne cfr Qingdao, up $0.31 per tonne. MB 58% Fe P...Read More
Fastmarkets looks at key Asian ferrous scrap consuming countries Vietnam, Taiwan and South Korea, and which exporters increased their shipments to these destinations in 2018. Vietnam increased ferrous scrap imports by 20.7% in January-November 2018 to 5.12 million tonnes, up 878,425 tonnes, or 20.7%, from 4.24 million tonnes in the same period in 2017. Fastmarkets MB's import price asse...Read More
China's domestic rebar prices rebounded slightly on Wednesday February 27 with buyers picking up the pace of their procurement. Domestic Eastern China (Shanghai): 3,750-3,800 yuan ($560-567) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,750-3,790 yuan per tonne, up 20 yuan per tonneAn improvement in weather conditions in eastern China has allowed more construction projects to resta...Read More