The three-month price of copper on the London Metal Exchange was higher at the close of trading on Monday May 4, pushing above nearby resistance levels despite the lowest daily trading volumes since April 6, while tin similarly staged a modest recovery in afternoon trading.Copper's outright price on the LME closed at $5,123 per tonne, recovering from an intraday low of $5,060 per tonne, while just...Read More

Bob Moriarty ArchivesMay 4, 2020I like to read. I read fast and that helps. I can’t quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be noise, meaningless crap...Read More

Jack ChanPosted May 4, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Our ratio remains on BUY signal.Long-term is bullish. $HUI needs a weekly close above 278 to confirm that a new bull leg is i...Read More

Copper stocks at Shanghai bonded warehouses fell in April amid an increase in import activity due to expectations of a cut to China's VAT rate in May and the opening of the arbitrage window between Shanghai and London.Fastmarkets assessed Shanghai bonded copper stocks at 291,000-301,000 tonnes on Thursday April 30, down by 12.7% from 334,000-344,000 tonnes on March 23. "The rumor of a VAT cut enti...Read More

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.To view the latest price assessments, follow the links below:Europe- Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V- Vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, $/lb V2O5China- Ferro-vanadium 78% V min, fob China, $/kg V- Vanadium pentoxide 98% V2O5 m...Read More

April's UG2 chrome ore price rally was capped in the week to Friday May 1 after China's major stainless steel mills all raised their ferro-chrome tender prices by a lower-than-expected amount, while the charge chrome assessment ticked up slightly. Fastmarkets' South Africa UG2 concentrates index, basis 42%, cif China held at $147 per tonne on Friday, unchanged from the previous week. The inde...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF | FRA:WK3D) (the "Company" or "Siyata") is pleased to announce the Company has partnered with TASSTA, a global mission critical push-to-talk (MCPTT) software provider and end-to-end solution for critical communications. The initial opportunities to work together are in Southeast Asia.TASSTA has integrated its MCPTT application...Read More

Bluestone had announced the bought-deal offering at $1.75 per share last month and said on Friday the over-allotment option was exercised in full.Read More

Christine Keener has been appointed Alcoa's vice president of operations for Europe and North America, in a new role combining the two operating locations, Fastmarkets understands. The consolidation, effective from Friday May 1, will streamline the management of operating Alcoa's assets and ensuring alignment among common markets, the company said. Keener replaces Jean Francois Cyr and...Read More

Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More

Key data from the pricing session in Europe in the week to Friday May 1.Key drivers European antimony prices down slightly on continuing weak spot demand, despite supply-led increases in China. Over the week, only small volumes - no higher than 5 tonnes - for standard grade II material were sold close to $5,850 per tonne, with offers...Read More

The Turkish deep-sea scrap import market opened the week quietly on Monday May 4 after an expected drop in prices late on Friday May 1, sources told Fastmarkets.On Friday, a steel mill in the Iskenderun region booked a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr, and 7,000 tonnes of bonus at $246 per...Read More

With the Chinese company to have less than a 10% stake and no board seat, AVZ won't have to get Foreign Investment Review Board permission for the deal. Yibin Tianyi will pay 4.Read More

Turkish domestic ship scrap prices went down over the past week on falling imported scrap values, sources said on Monday May 4.Deep-sea scrap import prices weakened once again on May 1, with the news of a fresh European cargo deal.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $242.42 per tonne on May 1, down from $258 per tonne on April...Read More

A short working week for many countries in the global scrap market, coupled with the continuing Covid-19 restrictions, resulted in a dip in demand and falling prices in the week to Friday May 1. Turkey books lower cargoes on reduced output and demand Market in United States remains flat on lack of trading Vietnam market quiet due to public holiday Demand for Taiwan scrap dips India deman...Read More

Here are five Fastmarkets stories you might have missed on Monday May 4 that are worth another look.Flat-rolled steel import prices were mostly stable week on week in South America on Friday May 1, after deals became scarce and negotiations for June-shipment cargoes finished with low interest from clients.The European Commission's (EC) antitrust authorities granted Europe's largest copper smelter...Read More

Last week's weaker tone in the metals has flowed through into morning trading on Monday May 4, with the three-month base metals on the London Metal Exchange down by an average of 0.6%, led by a 0.9% fall in copper to $5,061 per tonne. With Japan and China closed trading volumes are thin.Market participants likely to focus on European purchasing manager's index (PMI) data and US factory orders. Bas...Read More

Today is Monday, May 4, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Pembina Pipeline Corporation (NYSE: PBA), Montage Resources Corporation (NYSE: MR), and Earthstone Energy (NYSE: ESTE).Pembina Pipeline Corporation (NYSE: PBA)Pembina Pipeline Corporation (NYSE: PBA) is a $12.73 billion company today with a one-year return of -38.05%. Let's look at...Read More

The coronavirus epidemic has created fertile ground for scams.And it's already costing Americans tens of millions of dollars.A March memo from the U.S. Department of Justice reads:As you know. we have seen an unfortunate array of criminal activity related to the ongoing COVID~19 pandemic. Capitalizing on this crisis to reap illicit profits or otherwise preying on Americans is reprehensible and wil...Read More

Here are five Fastmarkets stories you might have missed on Monday May 4 that are worth another look.Flat-rolled steel import prices were mostly stable week on week in South America on Friday May 1, after deals became scarce and negotiations for June-shipment cargoes finished with low interest from clients.The European Commission's (EC) antitrust authorities granted Europe's largest copper smelter...Read More