Key data from Fastmarkets' pricing session in China on Wednesday February 3.Key drivers Aluminium prices on the London Metal Exchange drifted lower this past week, pressuring China's aluminum alloy ADC 12's export price; the LME three-month daily official aluminium price was at $1,972 per tonne on Wednesday, down by 1.6% from $2,003.50 per tonne a week earlier. Buyers in Japan adopted a wait-and-s...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldSome of the strongest equity returns in the past year have come from so-called concept stocks driven by intuitive appea...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has scored a temporary, but key win in its ongoing dispute with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) over funding of the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.The temporary relief granted to the Vancouver-based miner in the arbitration proceedings against Rio Tinto, prevents the mining giant from restricting Turquoise Hill's talks...Read More
The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.US President Joe Biden's executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced...Read More
Silver is tumbling back to earth after surging to 11-year highs on Monday, but plenty of options traders are betting on the rally to rebound.Read full newsRead More
City had been expecting higher offerRead full newsRead More
Bill Powers of Mining Stock Education profiles FPX Nickel, which is exploring the Baptiste nickel deposit in the Decar nickel district in British Columbia.Read full newsRead More
Portfolio managers see promise in small firms despite their lack of profitability and heightened riskRead full newsRead More
Stretched valuations and challenges in vaccine distribution are leading many to believe that the stock market could crash. In contrast, I don’t expect the stock market to crash but would welcome a healthy correction. Further, I believe valuations will start to appear normal once the corporate earnings recover due to the revival of demand and economic expansion in the second half of 2021...Read More
Following Warren Buffett move for move is typically a bad idea. You’ll not only be on the hook for a Buffett premium, as you look to buy shares after the herd of Buffett followers jump in before you, but you will also stand to sell at after the herd once the man discloses in his 13-F filings that he’s exited from or trimmed a name. Talk about a one-two hit to the chin!Just because a st...Read More
Is a 2021 market crash inevitable? It appears Warren Buffett is waiting for the other shoe to drop based on the stock market behaviour of late. On the last trading day of January, all three U.S. benchmarks finished lower. For the Dow Jones index, it was the worst week since October 2020.The Congressional Budget Office predicts it would take the U.S. economy to recover its pre-pandemic size until t...Read More
I'll be honest - covering the stock market isn't always exciting. Amid the massive hits and tragic misses, the fortunes made and lost every day, there's a mind-numbing amount of banality. The humdrum earnings reports, dry-as-a-bone financial filings, double-speak, generalities, boilerplate, and jargon...It can be, and often is, dull. But boy, this week was fun. Honestly, it's the most fun I've...Read More
(Updates with close of Friday trading, adds details on VIXperformance history)By April JoynerNEW YORK, Feb 5 (Reuters) - As the trading frenzy inGameStop Corp shares and other social media favoritesrecedes, investors are eyeing signs of potential market stressthat could weigh on broader stock performance in coming weeks.For now, U.S. equities appear to be looking past last week'ssurge in volatilit...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Base metals prices on the London Metal Exchange ended the first week of February on markedly positive figures, with nickel showing a day-on-day increase of 2% on Friday February 5 and zinc rising by nearly 4% since the start of the week, on a slowdown of the US Dollar Index.Nickel's three-month price showed the biggest reaction to the Dollar Index during the day on Friday, rising by 2.1% to $18,02...Read More
Customers should be given the choice to source aluminium on a spectrum of carbon levels and defining low-carbon aluminium by a numerical threshold could have unintended consequences, London Metal Exchange chief executive officer Matthew Chamberlain told Fastmarkets. Chamberlain noted the way of defining low-carbon aluminium by a number could be disruptive and counter-productive, during Fastmarkets...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesFeb 05, 2021This past week's silver-market action has been extraordinary, wildly unprecedented. Incredible torrents of capital deluged into the world's dominant silver exchange-traded fund. That came right after attempts to organize small traders to engineer a silver short squeeze on Reddit's famous wallstreetbets forum. While that group's apparent silver foray was fragmented...Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped marginally during the week to Friday February 5, with smelters continuing to stock up ahead of the Lunar New Year holidays.It is the second consecutive week that the Fastmarkets copper concentrates TC index, cif Asia Pacific has dipped below $40 per tonne / 4 cents per lb. It was calculated at $37 / 3.70 cents on Friday, compared...Read More
Brazil reported a 17.2% year-on-year decrease in alumina exports during January 2021, with the biggest reduction being in shipments from the port of Bel?(C)m, used by Norsk Hydro's Alunorte refinery, data from the ministry of economy showed on Thursday February 4.Alumina exports totaled 763,086 tonnes in January this year, down from 921,718 tonnes a year before.Export revenues reached $213.2 milli...Read More