It’s good to have a few stocks in your portfolio that remain recession ready, especially when the economic trajectory is unknown. Besides adding a safety net to your portfolio, these companies could continue to outperform the broader markets and consistently generate steady returns. We’ll discuss three recession-ready TSX stocks that could continue to generate healthy returns irre...Read More
In the post-election chaos...With America more divided than ever before, split asunder between two warring parties...Something remarkable is taking place. Democrats and Republicans are coming together, linking arms, and uniting forces to... build a wall!?Yes, you read that correctly. There's one urgent issue that both sides unanimously agree on: building a wall on our southern border.Obama planned...Read More
Teck Resources (TSX:TECK.B)(NYSE:TECK) has already doubled off the 2020 low, and investors wonder if this is the right time to put Teck stock in their portfolios.Teck’s stock price historyLong-term followers of Teck Resources stock know the company has a history of massive rallies followed by equally spectacular declines. This is to be expected from a commodity producer that is at the mercy...Read More
Dec 03, 2020 Guest(s): Raoul Pal CEO & Co-Founder, Real Vision Bitcoin is like a call option to the emergence of cryptocurrencies in the world, said Raoul Pal, CEO of Real Vision. "I've never seen anything like what is going on right now. You have a limited supply asset that now is a globally recognized brand that everybody knows, but not everybody understands. What's happening now is institutio...Read More
The London Metal Exchange base metals complex ended around its recently established highs, with nickel making the largest rise of around 3% on Friday December 4. LME nickel's three-month price closed at $16,399 per tonne at 5pm on Friday, a 2.8% increase from its Thursday close of $15,954 per tonne and up 0.8% from the beginning of the week. The metal had a rocky week, closing at $16,27...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Gary Nagle will become the new chief executive officer of Glencore when Ivan Glasenberg retires during the first half of 2021, the company said on Friday December 4. Nagle is currently global head of Glencore's coal industrial business based out of Sydney Australia, and will return to Switzerland to begin a transition to the new role.After 18 years as Glencore CEO, Glasenberg will step down f...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 4.China Seaborne manganese ore prices of both grades rose after miners successfully sold their January shipments at flat offer prices following a rise in the portside ore market and despite high inventories. Portside manganese ore prices of both grades ticked up after traders raised their o...Read More
Adam HamiltonArchivesDec 04, 2020 The gold miners' stocks have suffered a correction since early August, gutting traders' enthusiasm for this contrarian sector. This necessary and healthy selloff is maturing, after largely accomplishing its essential mission of rebalancing sentiment and technicals. The universal greed and extreme overboughtness plaguing gold stocks as their last upleg peaked has b...Read More
Global nickel premiums were flat week on week, with the absence of an open arbitrage in Shanghai and market participants focused on 2021 negotiations rather than the spot market in Europe, sources told Fastmarkets.A lack of a profitable arb in Shanghai keeps refined nickel premiums unchanged; nickel pig iron (NPI) prices continue dropPremiums in Europe are flat despite an increased interest for ma...Read More
Some copper concentrates cargos from Australia are now stranded at different Chinese ports under an unofficial ban, sources told Fastmarkets on Friday December 4. The stranded cargos were booked by Chinese copper smelters and traders before they were verbally informed in early November to comply with restrictions on Australian material entering the country amid an escalating trade row be...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
The main global scrap markets continued to move higher in the week to Friday December 4, with most markets continuing regular purchases of material. Turkish steel mills continue to pay higher pricesUnited States market remains subdued post-holidayVietnam reports higher pricesTaiwan market reports optimistic sentiment and tight supplyIndian market expresses uncertainty over higher pricesTurkeyTurki...Read More
The prices of alloy steel scrap in the UK domestic market were largely unchanged this week despite lower nickel costs, because tight supply continued to provide pricing support, sources told Fastmarkets on Friday November 4.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, on Friday was ?950-980 ($1,276-1,316) per tonne, narrowing downwa...Read More
The price of shredded steel scrap imported into India and Pakistan increased on Friday December 4, due to continuing shipping issues and despite uncertainty over higher prices, sources have told Fastmarkets.IndiaFastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $380.65 per tonne on Friday, up from $365.18 per tonne one week earlier.Only one deal was report...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Key data from the Friday December 4 pricing session in London. Key drivers: Metal prices unchanged in a steadily, but thinly, traded market. Sellers hold firm with offers across the range, dependent on tonnage and shape, and buyers struggle to find weak sellers for nearby units. ...Read More
China domestic battery-grade lithium carbonate prices increased again, up by 3.6% week on week due to tight supply from suppliers, with the respective European and United States' lithium hydroxide spot prices moving up also, Fastmarkets heard on Thursday December 3.China's battery-grade lithium carbonate prices continued their uptrend on tight supply and bullish market sentiment.China's industrial...Read More
The uptrend in flat-rolled steel import prices in South America persisted during the week ended Friday December 4, with offers from China, Japan and Brazil all at higher levels than previously for February-shipment cargoes.But at the same time, market participants were still seeing much lower bids, citing the rising costs of steel products as a major problem this year."[This uptrend is] creating b...Read More