Sep 08, 2020 Guest(s): Lyn Alden Founder, Lyn Alden Investment Strategy With valuations overstretched as they are, another correction on the same scale as what we saw in March this year is becoming more and more possible, said Lyn Alden, founder of Lyn Alden Investment Strategy."I think there's a rising probability for [a correction]. So, we've had a really strong rally from the March bottom. St...Read More

Here are five Fastmarkets stories you might have missed on Tuesday September 8 that are worth another look.Japanese blast furnace (BF)-based steel mills have been using more scrap in their basic oxygen furnaces in recent weeks due to a rise in steel production and high costs for iron ore, market participants told...Read More

Weekly Reports |Sep 08 2020The uranium price slide continues, despite nuclear power programs advancing in America and China.-Nuclear generation reached a near-record high in 2019-Weekly spot prices fall just under one percent-Nuclear power plants advanced in America and ChinaBy Mark Woodruff.Nuclear generation reached a near-record high in 2019, enough to meet more than 10% of the world's electric...Read More

London Metal Exchange three-month base metals prices trended lower at the close on Tuesday September 8 with concern over macro-economic headwinds inspiring a sell-off across the complex.While macroeconomic developments - including promises of increased infrastructure spending and hopes of a trade deal between China and the United States - have supported recent price increases, some...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 8, 2020 To view the US government’s current report card, please click here now. The government saved nothing to prepare for any type of crisis, and the result of that failure is obvious. Please click here now. Double-click to enlarge this important weekly gold chart.As horrifyin...Read More

Raffmetal - Europe's largest secondary aluminium producer - has been awarded the Aluminium Stewardship Initiative (ASI) 'Performance Standard' certification for its refining operations in Casto, Italy, the company told Fastmarkets on Tuesday September 8.Raffmetal's accreditation is the latest in a slew awarded in 2020, including primary aluminium producers Alvance Aluminium and Impol, while other...Read More

As part of the process Excellon plans to undertake a 5:1 share consolidation to reduce the number of shares issued and outstanding from 159.9 million to about 32 million.Read More

From cars to air-conditioning units, copper intensive sectors are showing signs of an unexpected boom in China, prompting calls that the metal's price could rise further into next year amid shrinking supply stocks, Fastmarkets understands.Hitting $6,380 per tonne last week, the London Metal Exchange's three-month copper price has surged past pre-pandemic levels to its highest since June 2018, desp...Read More

Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") regrettably announces the passing of Dr. Shane Beattie, the Company's Chief Technology Officer."From the time he came on board, everyone on our team who worked with Shane experienced his total focus, and relentless interest in pushing the boundaries of energy science," said CEO Anthony Huston. "A...Read More

WPIC forecast an annual deficit of 336,000oz, a significant turnaround from the surplus of 247,000oz it forecast back in May.Read More

Here are five Fastmarkets stories you might have missed on Tuesday September 8 that are worth another look.Japanese blast furnace (BF)-based steel mills have been using more scrap in their basic oxygen furnaces in recent weeks due to a rise in steel production and high costs for iron ore, market participants told...Read More

Vale Canada - subsidiary of Brazilian multi-metal miner Vale - and Australian zinc producer New Century Resources have failed to reach an agreement in the latter's 95% acquisition of Vale New Caledonia (VNC), the former announced on Tuesday September 8.The announcement brings the exclusivity period under which the prospective sale was being negotiated between the two entities to an end after negot...Read More

Here are five Fastmarkets stories you might have missed on Tuesday September 8 that are worth another look.Japanese blast furnace (BF)-based steel mills have been using more scrap in their basic oxygen furnaces in recent weeks due to a rise in steel production and high costs for iron ore, market participants told...Read More

Ferrous scrap prices in Mexico rose during the week ended Friday September 4, with most steelmakers announcing widespread increases in buying prices amid steady demand and a positive trend in markets in the United States.Price gains were reported across all grades both in the region near northern Monterrey city and in the central Bajio region, although the amount of the increases va...Read More

Turkish steel producers continued their deep-sea scrap purchases with support from firm demand for long steel products in the country, sources said on Tuesday September 8.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $302 per tonne, shredded at $307 per tonne and bonus at $312 per tonne cfr late on September 7.The cargo breakdown was not yet fixed by t...Read More

Vale Canada - subsidiary of Brazilian multi-metal miner Vale - and Australian zinc producer New Century Resources have failed to reach an agreement in the latter's 95% acquisition of Vale New Caledonia (VNC), the former announced on Tuesday September 8.The announcement brings the exclusivity period under which the prospective sale was being negotiated between the two entities to an end after negot...Read More

Share this articleGlobal mining deal value, suffering from an unanticipated shock from the COVID-19 pandemic, fell by over US$18bn when compared to the first half of 2019 to US$46.6bn in the first half of 2020. An expected slump in the global economy, steered by a series of challenges, has kept investors away from long-term financial instruments, resulting in a 12.7% y-o-y fall in the capital rais...Read More

It's getting ugly out there today. The tech wreck of 2020 is underway. If you look at today's heat map of stocks, there are only a few that are up.Disney (NYSE: DIS) announced that its parks are full to capacity and gained a couple of points. General Motors (NYSE: GM) and McDonald's (NYSE: MCD) are also bucking the trend.The big high-flying stocks are down. Tesla (NASDAQ: TSLA) has fallen some 30%...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, as US markets corrected, the Index finally followed its recently weakening RSI momentum indicator. The INK CIN tumbled 31.71 points or 3% to 1039.80.MACD sunk 3.93 points to -7.95. RSI fell 18.03 points to 45.63.Support is now at 1040.77 (lower Bollinger) and 1022.49 (20-day mo...Read More

Fastmarkets is extending the consultation period for discontinuation of four steel-sector price assessments in Argentina following a long period of low liquidity and an inactive spot market.The prices proposed for discontinuation are as follows:- MB-STE-0003 Steel hot-rolled coil, monthly assessment, domestic, exw Argentina, $ per tonne- MB-STE-0001 Steel cold-rolled coil, monthly assessment, dome...Read More