Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, announced today that it has won three significant contracts with the Israel Electric Company (IEC). "We are delighted to have been selected as the winner of these three important contracts," stated Mr. Bentsur Joseph, CEO of A2Z Technolog...Read More
By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More
Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More
The Turkish deep-sea scrap import markets were relatively quiet on the second day of the working week, with the mills still in negotiations for February cargoes, sources said on Tuesday January 7.The steel producers in the country had been silent in the deep-sea markets over the past two weeks because of the year-end holiday periods. They resumed their purchases at the end of last week with four c...Read More
Japan is expected to divert more of its ferrous scrap export supply to Vietnam and Bangladesh in 2020 due to weaker demand from neighbor South Korea, market sources in Japan told Fastmarkets."South Korean demand for ferrous scrap is expected to fall further in 2020 compared with 2019, and Japanese scrapyards will have to target new markets to send their materials," a Japanese trader told Fastmarke...Read More
Steel-consuming sectors in Mexico should receive a boost from a gradual recovery in the Mexican economy this year, with optimism among participants in the scrap market slowly growing as a result.The country's gross domestic product (GDP) is expected to grow by 1.2% in 2020, according to the International Monetary Fund (IMF), although more recent forecasts from economists have been lower."We foreca...Read More
KENORA - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Ontario is investing $194,926 through the Northern Ontario Heritage Fund Corporation (NOHFC) in a steel manufacturing facility, creating four full-time jobs.Atlantic Industries Ltd. is a national, family-owned business that manufactures steel pipes, retaining walls, bridges and sound walls. This investment...Read More
Jeremy Wrathall, Founder and CEO of Cornish Lithium www.cornishlithium.com tells us more about the first crowd-funded mining company in the UK. Lithium in brine was first identified in Cornwall in 1864 and even then was identified as a source that could have great commercial significance. Demand for lithium in Europe is rapidly rising and the region is expected to become the second largest source...Read More
Today is Tuesday, January 7, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,572. It's up 0.38% from yesterday and up 21.90%...Read More
Today is Tuesday, January 7, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Canadian Natural Resources (NYSE: CNQ), Continental Resources (NYSE: CLR), and Concho Resources (NYSE: CXO).Canadian Natural Resources (NYSE: CNQ)Canadian Natural Resources (NYSE: CNQ) is a $37.7 billion company today with a one-year return of 25.26%. Let's look at its price-to-ea...Read More
As I have been predicting for months, the IMO 2020 rules have disrupted the global fuel market. These new rules went into effect on January 1, 2020 and have mandated the reduction of sulfur used in marine fuel.This has created chaos in fuel pricing.High-sulfur fuel oil prices have collapsed, as HSFO (3.5% sulfur, or bunker fuel) is now illegal unless the ship is equipped with scrubbers. HSFO price...Read More
Some flat steel import prices in the United Arab Emirates and Saudi Arabia increased this week on higher offers, but demand was still weak because of the continuing New Year holidays in global markets, sources told Fastmarkets on Tuesday January 7.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $500-510 per tonne cfr this week, while Indian HRC was offered at $520-525...Read More
Demand for flat steel products in Turkey was strong in December 2019 because of restocking purchase activity as well as globally increasing prices, market participants told Fastmarkets on Tuesday January 7.Local producers have now filled their order books until late March, sources added.Demand was strong in Turkey in November because of the rising prices, and continued to be strong in December.And...Read More
This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 7 that are worth another look.Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider.Brazilian vehicle output shrank by 3.9% year on year during December 2019, because higher domestic...Read More
Domestic and import prices for steel rebar and billet in the United Arab Emirates remained stable over the past week on limited demand, market sources said on Tuesday January 7.But market participants in the UAE said that prices could rise if raw materials costs continue to increase.Local rebar producers announced new prices on December 19.Billet importsImported billet...Read More
Chinese imports of ferro-niobium hit a 10-month high in November 2019, registering an increase of 75.4% month on month and 99.1% year on year, according to official but unconfirmed data seen by Fastmarkets.The 5,954 tonnes delivered to Chinese shores in November was the second highest amount imported by the country so far in 2019, following the 70,103 tonnes recorded in January. This compares with...Read More
The Turkish deep-sea scrap import markets were relatively quiet on the second day of the working week, with the mills still in negotiations for February cargoes, sources said on Tuesday January 7.The steel producers in the country had been silent in the deep-sea markets over the past two weeks because of the year-end holiday periods. They resumed their purchases at the end of last week with four c...Read More
The high-grade seaborne iron ore index rose to $107.30 per tonne cfr on Tuesday January 7, with market participants attributing the increase to healthy demand from steelmakers in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.11 per tonne, down $0.50 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $94.20 per tonne, down $0.50 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More
By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More