Warren Buffett and Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) has notably done very little trading during the market volatility this year. The company sold off its airline positions in the stock market to avoid tragic and possibly long-term losses. Further, the investing guru’s buying activity has been muted compared to other years.Known for being a value investor, Warren Buffett is us...Read More
Warren Buffett is widely known as one of the best investment managers of all time. So it’s no surprise when his company, Berkshire Hathaway, buys a TSX stock, investors notice.Over the years, investors have known Buffett to be a fundamental long-term investor. He has a strong belief in the long-term potential of the economy. Therefore, if you pick the best companies and hold them for the lon...Read More
Regardless of the stock market’s stellar recovery, the economy remains weak. Countries around the world have lowered their gross domestic product (GDP) forecasts. Meanwhile, jobless claims remain high. To make matters worse, the ill-impact of the coronavirus on the economy is still unknown, while infections continue to rise. All these indicate that we could be heading toward a recession.So,...Read More
YES! It's possible for YOU to become a millionaire on gold stocks.As I'm sure you've seen on the news, the price of gold is SOARING... turning what was already an amazing opportunity into a must-act-now, life-changing moment.How?It's all thanks to the expertise of renowned gold guru Gerardo Del Real.He's spent the last decade developing a one-of-a-kind system that pinpoints which gold stocks are...Read More
It'd been a while since I'd flown in a plane. To be honest, I didn't even like flying before the world went to shit. It's cramped, stressful, and it makes me nauseous. And now, of course, it's a little more dangerous with the pandemic. Unfortunately, though, some urgent family business called me out of state and I had to go. But now here's the good news: My flight experience was strangely com...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 26 that are worth another look.Brazilian flat steel producer Usiminas has restarted its No1 blast furnace (BF) in Ipatinga city, in the country's southeastern Minas Gerais state, it said on August 26.Following recent concerns on the...Read More
Global tin premiums were static in the week to Tuesday August 25, with the metal's subdued three-month price on the London Metal Exchange doing little to spur buying activity, while a returning backwardation and concerns over tight supply further limited interest in spot sales.Backwardation pressure keeps European market quietUS market eyes upside amid falling stocksImport losses cool Chinese buyi...Read More
The three-month nickel and tin prices on the London Metal Exchange were the standout performers at the close of trading on Wednesday August 26, with an 11.2% uptick in US durable goods orders supporting the base-metals complex.Meanwhile, steady buying in LME copper futures saw the metal's outright price approach key resistance at $6,600 per tonne.Nickel's underlying price on the LME closed at $15,...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 26 that are worth another look.Brazilian flat steel producer Usiminas has restarted its No1 blast furnace (BF) in Ipatinga city, in the country's southeastern Minas Gerais state, it said on August 26.Following recent concerns on the...Read More
Paulson purchased the notes in two separate financings in March 2016 and March 2020 and they will convert into 199.7 million shares.Read More
BHP, Anglo American and Glencore will be among the beneficiaries of a met-coal recovery, though it is a material which tends to be overlooked in the big diversified miners or ignored by investors whoRead More
UK secondary aluminium prices continued to rise on Wednesday August 26, with a regional supply squeeze pushing LM24 ingot prices above the levels seen before the Covid-19 pandemic began.The UK secondary aluminium market has suffered considerably as a result of Covid-19 and its associated industrial lockdown.All related UK industry effectively ground to a halt in March when carmakers, the main cons...Read More
The contractor posted FY20 NPAT of A$64.9 million, up 41% year-on-year, and EBITDA of $238.Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More
CEO Mark Norwell said on a financial results conference call the company was likely to post similar numbers in FY21 as the $2.Read More
Fawaz joins Ambler Metals from Newmont where he was SVP projects from February 2011 to October 2019, with responsibility for the development and execution of Newmont's major gold and copper projects globally."With decades of experience in the development of major resources projects, his leadership will be integral to the next phase of Arctic studies and unlocking the value of the Ambler District's...Read More
China imported 417,263 tonnes of alumina in July, up 109% year on year from 200,000 tonnes in July 2019, according to Chinese customs data released on Tuesday August 25. Alumina imports in July were also 1.3% or 5,310 tonnes higher than the 422,573 tonnes recorded in June, renewing June's record for the highest monthly alumina imports since February 2016. China has imported 2.33 million tonne...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Cobalt intermediates shipments to China leapt by 84.7% month on month in July and local futures prices responded by plummeting on Tuesday August 25 after the data was released. China imported 28,087 tonnes of cobalt intermediates, which are mostly comprised of cobalt hydroxide - a key feedstock for cobalt refineries - in July, up from 15,206 tonnes in June, and also 9.2% higher year on year, accor...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 26 that are worth another look.Brazilian flat steel producer Usiminas has restarted its No1 blast furnace (BF) in Ipatinga city, in the country's southeastern Minas Gerais state, it said on August 26.Following recent concerns on the...Read More