Warren Buffett is the greatest investor and teacher of our time. While it’s typically a terrible idea to follow the man into or out of stocks, given the herd will pile into his latest stock picks upon their announcement, I do think it makes sense to look at Buffett’s moves through a wider lens. By doing so, Buffett’s moves may leave top-down clues as to where the best opport...Read More
Here are five Fastmarkets stories you might have missed on Monday February 1 that are worth another look.Chinese nickel sulfate prices have made steady gains since the start of 2021, rising again last week to set the highest level since Fastmarkets began tracking the market in July 2018.More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps...Read More
The price of tin on the London Metal Exchange closed above $23,000 per tonne on Monday February 1, while aluminium's forward price was under the most pressure from the rising US Dollar Index, dropping by more than 1% from last week's closing prices.Tin's three-month price rose by 1.4% to $23,103 per tonne from Friday's 5pm closing price of $22,779 per tonne, ending the day above the $23,000 per to...Read More
Fastmarkets proposes to amend the frequency of the publication of its copper cathode premium cif Rotterdam. Rotterdam continues to be a major location for copper cathode imports into Europe, but premiums for that business rarely change between a typical range, historically between $35 per tonne and $55 per tonne over London Metal Exchange prices. As such, Fastmarkets is proposing to amend the freq...Read More
Bob Moriarty ArchivesFeb 1, 2021A new company to me called last week and were eager to be advertisers on 321gold.com. I was basically familiar with the company but not nearly so much as many other companies I follow. On Friday I figured out why they wanted more exposure. They released a silver intercept of $71,000 rock. That’s USD $71,000. That’s about 9% silver and by far the highest-...Read More
Jack ChanPosted Feb 1, 2021Gold 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 SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Our ratio is on sell signal.Gold is once again testing support at the 200ema.A divergence is in progress.Silver is leading g...Read More
The latest data for the global manganese ore market for the week ended February 1, 2021.Read More
GameStop-inspired day traders were aiming to trigger a short squeeze on the precious metal, pushing silver to an eight-year high.Silver equities shot up in Toronto, including tiddler Milner Consolidated Silver Mines (TSXV: MCA.H) which soared 146.7% despite no news in some time.Established producers Silvercorp Metals (TSX: SVM) and First Majestic Silver (TSX: FR) closed up 25.7% and 23.5% respecti...Read More
South African manganese miner UMK has declared force majeure on some shipments after heavy rain caused similar declarations by logistics suppliers, the company confirmed on Monday February 1.South African state transport provider Transnet declared force majeure on Friday, Fastmarkets understands."Please note that in response to force majeure...Read More
Nickel production increased 13% in the December quarter to 68,000 tonnes versus Q3, an improvement the company attributed to the gradual ramp-up of its Kola refinery in Russia.Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company")(TSX: SSVR) OTCQB: SSVRF, Frankfurt: 48X) is pleased to announce a non-brokered private placement financing of Units of the Company (the "Units") at a price of $1.00 per Unit (the "Offering") for gross proceeds of $8,000,000. Eventus Capital Corp. and Mackie Research Capital Corp. have been appointed as finders in connection wi...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW ) (the "Company" or "Siyata"), a leading global developer and provider of cellular communications solutions for enterprise customers, is pleased to announce it has received a US$1.4M purchase order to supply first responders with rugged handset devices. The order will be fulfilled in the beginning of Q1 this year and continue throughout 202...Read More
Metals analyst Vivienne Lloyd has joined Trafigura where she will focus on the zinc and lead markets, Fastmarkets understands.Lloyd joins after several years at Australian bank Macquarie in London where she covered base and...Read More
Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide. Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021.The case list below includes only updates. For other continuing cases from 2020, see the updates for December,...Read More
The price of tin on the London Metal Exchange closed above $23,000 per tonne on Monday February 1, while aluminium's forward price was under the most pressure from the rising US Dollar Index, dropping by more than 1% from last week's closing prices.Tin's three-month price rose by 1.4% to $23,103 per tonne from Friday's 5pm closing price of $22,779 per tonne, ending the day above the $23,000 per to...Read More
Prices on the London Metal Exchange were mixed on Monday February 1 morning, with nickel the only metal to make a substantial gain of nearly 1%, given the weaker-than-expected Chinese manufacturing data released on Sunday. Nickel's three-month price was up 0.95% at 9am on Monday to $17,860 per tonne, from Friday's closing price of $17,691 per tonne.The metal fell 3% over the last week of January,...Read More
Base metals prices on the London Metal Exchange were up across the board this morning, Monday February 1, this despite weaker-than-expected manufacturing purchasing managers' index (PMI) data out of China over the weekend.But perhaps most noteworthy has been the 8% rally in spot silver that has surpassed $29 per oz to challenge last August's high. March tin lower on Shanghai Futures Exchange despi...Read More
The spodumene price cif China posted a sharp month-on-month increase at the end of January after a pick-up in customer inquiries, and market participants expect further rises against a backdrop of bullish supply-demand for the raw material and rising lithium chemical prices in China.Fastmarkets assessed the spodumene 6% Li2O min, cif China price at $450-460 per tonne on Wednesday January 27,...Read More
Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide. Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two...Read More