ALX Resources Corp. is pleased to announce the preliminary resultRead full newsRead More
Earnings season has taken a back seat to some major news the last few days. The U.S election and the news of a potential coronavirus vaccine have been front and centre. These events are definitely big market movers, and TSX stocks had a massive rally as a result.The presidential election is crucial, as it will shape how North American markets perform over the next four years. So too is a prom...Read More
Broader stock markets changed course on the vaccine news yesterday. While TSX stocks at large gained big, the top-gainer sectors of 2020 like tech and mining tumbled on November 9. But what should long-term investors do?ShopifyShopify (TSX:SHOP)(NYSE:SHOP) is unarguably one of the biggest winners of the coronavirus pandemic. Probably that’s why investors turned cautious and felt like booking...Read More
Could the pandemic soon be over? That was the mood in the markets Monday morning. With Pfizer (up 10%) trumpeting 90% efficacy in trials of its COVID-19 vaccine candidate, the TSX Composite Index shot up 1.56% before noon. Investors may wish to temper their expectations, however. While the rollout of a workable vaccine signals the end of the pandemic, the effects of the crisis will continue to wei...Read More
The election is going to dominate the news cycle for quite some time. We'll be hearing about the chaos surrounding it and the analysis that will come after it's all decided for the rest of the year. It makes sense. It's the biggest story in a year full of big stories. It's a historic event playing out in real-time. But as you follow ongoing developments, other important stories are going to fall...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 10 that are worth another look.Prices for steel billet imported to Southeast Asia have been heavily inflated amid bullish Chinese steel markets this week, market participants told Fastmarkets on November 10.The licenses for an additional 30,000...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 10, 2020 Conspiracy buffs are probably wondering if Monday’s big vaccine announcement (that occurred just after the election of Joe Biden) was a coincidence. Would the outcome of the election have been different if the vaccine announcement was made a few days before the election...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 10. Please click...Read More
Jack ChanPosted Nov 10, 2020Gold 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 BUY signal. Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is...Read More
Tin was the LME outlier on Tuesday November 10, with its price down 0.02% from Monday's close - when markets were boosted by Joe Biden's success in the US election and news of an effective vaccine against Covid-19 emerged. All other LME base metals closed up on the previous day's afternoon kerb on Tuesday, with most prices across the complex rangebound following a rally the previous day.But the ca...Read More
The gold price is similar to this point yesterday, at US$1,877 an ounce on the spot market.US president Donald Trump is continuing to say he will win the election, which was held last week and widely considered won by rival Joe Biden.Independence Gold (TSXV: IGO) was a standout in Toronto, on reporting 67.6m averaging 3.63g/t gold and 132.83g/t silver from 51m at its 3Ts project in British Columbi...Read More
Key data from Fastmarkets' pricing sessions on Tuesday November 10 in China, Europe and the United States.China The UG2 chrome ore market retreated with damped sentiment after leading Chinese stainless steelmakers lowered their November ferro-chrome tender prices by $15 per tonne month-on-month. Some liquidity was reported, with buyers looking for material, but the main sellers were absent from th...Read More
Seaborne prices for high-grade manganese ore were unlikely to spend much time at levels below $4 per dry metric tonne unit (dmtu) based on today's cost curve, an analyst said on Tuesday November 10.Speaking during Fastmarkets' International Ferro-alloys Conference, when asked about the floor price for manganese ore, Kevin Fowkes of AlloyConsult said that high stocks could continue to put pressure...Read More
Huasheng alumina refinery in Guangxi province, southern China, has started operations on its second production line that will add 1 million tonnes per year of alumina capacity to an already oversupplied market, sources told Fastmarkets on Monday November 9. "I heard their second operation line was ready for production and they began putting raw material into the newly-built operation line in late...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 10 that are worth another look.Prices for steel billet imported to Southeast Asia have been heavily inflated amid bullish Chinese steel markets this week, market participants told Fastmarkets on November 10.The licenses for an additional 30,000...Read More
The European titanium markets look set to remain buoyant through 2021 and well into 2022, with a shortage of titanium scrap underpinning both feedstock and alloy prices, according to industry sources.The titanium scrap market may be in deficit until at least early 2022, sources said, and aerospace - a key supply sector - is expected to struggle to recover output after the Covid-19 p...Read More
Steel scrap prices in Mexico rose again in all regions of the country during the week ended Friday November 6 amid strong demand and limited supply, with special interest from buyers in the obsolete grades like plate and structural scrap, turnings and shredded scrap.Prices were stronger in Mexico's central Baj?-o region, where buyers in San Luis Potos?- state were avidly seeking material and payin...Read More
* Graphic: 2020 asset performance* Graphic: World FX rates in 2020 By Marc JonesLONDON, Nov 10 (Reuters) - Stock markets and commoditiescontinued to push higher on Tuesday, after the euphoria of acoronavirus vaccine had sent global equity indexes soaring to anall-time high and halted the bond rally.Having surged 4% on Monday on the vaccine breakthrough fromU.S. and German drugmakers Pfizer and Bio...Read More
The European titanium markets look set to remain buoyant through 2021 and well into 2022, with a shortage of titanium scrap underpinning both feedstock and alloy prices, according to industry sources.The titanium scrap market may be in deficit until at least early 2022, sources said, and aerospace - a key supply sector - is expected to struggle to recover output after the Covid-19 p...Read More
The Turkish steel mills remained out of the deep-sea scrap markets on the second working day of the current week, but were expected to resume their bookings with support from fresh rebar export sales, sources said on Tuesday November 10.Turkish steelmakers booked 11 deep-sea cargoes last week but stepped away from the market at the beginning of this week, when the exchange-rate value of the countr...Read More