Share this articleGreat Atlantic Resources Corp. [GR:TSXV] is pleased to announce it has received a permit for soil geochemical and ground geophysical surveys at its Golden Promise Gold Property, located in the central Newfoundland gold belt. The permit allows for such work within the southwest region of the property, at Gold Anomaly 1, the location identified in the following map. The Company dis...Read More
A summary of US-based lithium producer Livent's financial results for the first quarter of 2020.In brief: The company's adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) were down by 66% year on year in the first quarter to $9.4 million due to lower lithium prices and volumes sold against a backdrop of the negative impact of Covid-19 in Asian markets. All Livent's fa...Read More
That's it, I'm done. It's over.I'm off my rocker, gone stir crazy, out of my tree. Nothing does it for me, not whiskey, not reading, not TV, and certainly not the stock market.A few days ago, the Governor of Maryland "Lockdown Larry Hogan," lifted the pinky of his left hand, and out of his kind benevolence permitted us to go outside. Hogan opened parks, beaches, sidewalks, and random corners of...Read More
The production of cobalt may need to increase by 460% from 2018 levels over the next three decades to meet the growing demand for clean energy technologies, according to a report by the World Bank. Cobalt demand in clean energy technologies is seen rising from 140,000 tonnes to 644,000 tonnes by 2050, the report estimated. This is based on the wind, solar and geothermal power, as well as energy st...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 12 that are worth another look.Workers at ArcelorMittal Spain are preparing a series of token strikes in response to the company's decision to apply a new plan for temporary layoffs (known as ERTE), sources told Fastmarkets on May 12.Troubled oil trader ZenRock owes at least $615 million to banks, suppliers and customers, it sa...Read More
Real Vision's Ash Bennington and Managing Editor Ed Harrison discuss Raoul Pal's Expert View, "Global Recession - What's Next?" If you missed or did not have access to today's premium Real Vision expert view with Raoul Pal, watch this timely free summary of Raoul's analysis where Ash and Ed take into account today's market activity. Markets appear to be entering a new phase (free)Canadian Inside...Read More
A summary of German steelmaker Thyssenkrupp's financial results for the first half and second quarter of its 2019/2020 financial year up to March 31, 2020. In brief Thyssenkrupp's performance was significantly affected by the initial effects of the coronavirus pandemic. It cites the weak automotive market as well as price and volume losses in the materials businesses. Its steel Eur...Read More
"What's going to happen next?" Will it be a D or G economy? The truth is no body knows for sure. That is why I am really looking forward to this new two-week series that Real Vision has put together to assess what could lie ahead, drawing on varying perspectives from some of the biggest names in finance. Raoul Pal returns to kick off the campaign and update viewers on how his "unfolding" thesis h...Read More
Domestic prices for hot-rolled coil in Northern Europe dropped day on day on Tuesday May 12 due to the slow market, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?414.00 ($448.11) per tonne on Tuesday, down by ?,?6.00 per tonne from ?,?420.00 per tonne on Monday.Tuesday's index was calculated based on a few deals and "workable" prices...Read More
The price of steel rebar in Russia's Central Federal District around Moscow was unchanged week on week on Tuesday May 12, while buying remained slow due to Covid-19-related restrictions and public holidays, sources told Fastmrkets.Market participants said that construction activity, the key rebar consuming sector, remained limited last week."[Most] construction sites have been closed sin...Read More
The import prices for steel billet and rebar in the United Arab Emirates increased slightly over the past week, while demand was weak because of the Islamic holy month of Ramadan, as well as the Covid-19 pandemic, market sources said on Tuesday May 12.Market participants in the United Arab Emirates (UAE) believe demand is unlikely to improve before late May, when Ramadan will end. Local rebar...Read More
China's domestic rebar prices were flat on Tuesday May 12 with most market participants taking a wait-and-see approach.Domestic Eastern China (Shanghai): 3,480-3,510 yuan ($491-495) per tonne, unchangedMonday's price drop after last week's increases led many market participants to suspend trading to wait for further cues to emerge.The lower trading activity kept spot prices steady despite a streng...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 12 that are worth another look.Workers at ArcelorMittal Spain are preparing a series of token strikes in response to the company's decision to apply a new plan for temporary layoffs (known as ERTE), sources told Fastmarkets on May 12.Troubled oil trader ZenRock owes at least $615 million to banks, suppliers and customers, it sa...Read More
Mining company Rio Tinto is maintaining an eye on the potential for merger and acquisition opportunities as a result of the Covid-19 pandemic and plans to stay "patient but not complacent," its chief executive officer said. J-S Jacques told the Bank of America 2020 Global Metals, Mining and Steel Conference that metals market outlooks were currently clouded due to changing supply-demand pictures a...Read More
By Craig HemkeThe announcement last week that the Bank of Nova Scotia is exiting the precious metals business is just another curious development in the dark, secret world of international bullion banking.Over the past two months, much has been written about the current stresses in the Bullion Bank Fractional Reserve and Digital Derivative Pricing Scheme. Though the decision by Scotiabank to exi...Read More
Graceland Updates By Stewart Thomson 1. It's the soft demand season for gold (April-Sept), and that means upside and downside breakouts can become "wet noodle" affairs. 2. Bulls and bears who aren't prepared for this type of sideways price action may get frustrated. 3. Please click here now. Double-click to enlarge this short-term gold chart.4. My suggestion for invest...Read More
By Dave Kranzler"At the parabolic top of every financial bubble, thrilled investors lose their tether to reality, and as the price of the speculative instrument rallies ever higher, investors' expectations for additional price appreciation inflate ever more. Whether its Cisco Systems at a trillion-dollar market value, Qualcomm at $1000 a share, Oil at $200 a barrel, Bitcoin at a million dollar a...Read More
A Fresno, California waffle restaurant dared to open its doors for business this weekend to the delight of a long line of customers, who waited up to two hours for the "privilege" of willingly spending their money in a business happy to serve them breakfast on Mother's Day. This freedom of voluntary transaction is the core of what we used to call our free society. But in an America paralyzed by...Read More
Most domestic ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o increased week on week after reduced availability of material led some mills to accept higher offers in order to secure supply.Low scrap availability led one mill in Mexico's Bajio manufacturing hub to announce a price increase of around 100-200 pesos last week. Other scrap buyers avoided announcing...Read More