Outback Goldfields Corp . is pleased to announce the start of a lRead full newsRead More
It’s hard to like gold right now.The price of the precious metal continues to pinball around in an erratic, but mostly downward fashion. This comes despite numerous tailwinds that should have been very strong catalysts for gold in the near-term.Nonetheless, in this article, I’m going to dive into what I think investors should keep an eye on for gold, as well as my top pick in this sect...Read More
Over the last few decades, semiconductors have become more and more a part of everyday life. From computer chips, to cellphones, to electric vehicles and video games, they've become more integrated with your day to day than you may have realized. Something else you may or may not have noticed is the chip shortage that is currently underway. There is a massive push for more semiconductors.Also c...Read More
Well just like Gamestop and the Wallstreet Bets crowds beat a few hedge funds at their own game, the same Reddit mob and traders took on silver. That week they rallied some of the major silver producers like First Majestic TSX-FR and then started making a run on the metal itself. This rings music to the ears of both silver and gold bugs alike because silver being the smallest market in the world i...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 3.Please click...Read More
Nickel's futures price on the London Metal Exchange plummeted by over 6% at the 5pm close on Wednesday March 3 following the news that Norilsk Nickel expects to stabilize flooding issues at two of its mines next week. The Russian company, the world's largest palladium and high-grade nickel producer, suspended operations at Oktyabrsky and Taimyrsky mines due to flooding from natural groundwater las...Read More
McClellan Financial Publications, IncPosted Mar 3, 2021Feb 26, 2021Liquidity is bullish for the stock market.It is even more bullish for small cap stocks and other types of issues which are more sensitive to liquidity.That is why indicators like the A-D Line are so useful for gauging the health of the liquidity pool.There are more small cap stocks than large ones, and so they have a bigger voice i...Read More
The European ferro-chrome market was supported over the week to March 2 on tight supply and strong demand from China where the market has been buoyed following a rise in tender prices, sources said.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe rose by $0.03 per lb Cr (2.5%) to $1.15-1.35 per lb Cr on Tuesday, from $1.12-1.32 p...Read More
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period ended Friday February 26.February 26South African manganese miners have started to raise prices in line with rising costs, including those incurred amid severe weather.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, rose by $0.12 week on week to $4.77 per dry...Read More
The precious metal has been dented by the prospect of US fiscal stimulus boosting the economy and inflation, prompting an earlier than expected interest rate rise.It was worth around $1,710/oz at the time of writing.Wall Street closed lower but the FTSE 100 was up almost 1% as it continued its recovery.Down Under, Australia's 3.1% rise in fourth quarter GDP cemented a strong recovery, ANZ Research...Read More
Domestic spot prices for ferro-chrome in China rose in the week to March 2, which supported the UG2 ore market, following an increase in ferro-chrome tender prices from China's leading stainless steel producers, sources said.Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel raised their high-carbon ferro-chrome tender prices for March delivery by 700 yuan ($108) per tonne from the prior m...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in...Read More
The LME aluminium price has risen 25% since the beginning of October, with the metal currently trading at about US$2,150/t.Read More
Mantashe was addressing a panel discussion hosted by Fasken Law ahead of the Prospectors and Developers Association of Canada's 89th annual event this month, which is being held digitally for the first time due to the COVID-19 pandemic.Mantashe acknowledged South Africa's slide in terms of luring investors according to the Fraser Institute's annual survey of mining companies released last week.&nb...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The Turkish steel mills have continued to hold back from deep-sea scrap purchasing activity and kept their focus on steel sales, market participants told Fastmarkets on Wednesday March 3.The latest transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20), which raised the daily scrap index for US-origin mate...Read More
Offer prices for bulk cargoes of steel scrap to China have continued to move upward in the past day, supported by price increases in China's local scrap market, sources told Fastmarkets on Wednesday March 3.Offers for Japanese heavy scrap (HS), which is equivalent to plate and structural (P&S) quality material, were heard at $510-515 per tonne cfr China on Wednesday.A Japanese trading house was he...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More
Nornickel said it would review restarting two nickel and copper mines in the Polar Division on March 9, which were partially suspended on February 24 due to flooding, Fastmarkets understands.The amount of production lost at the Oktyabrsky and Taimyrsky mines, which reportedly account for more than one third of Nornickel's Russian ore, is unknown, but nickel prices on the London Metal Exchange dipp...Read More