By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More

Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More

China imported 1,623 tonnes of cobalt metal in 2019, up 54.6% from 1,050 tonnes in 2018, according to official but unconfirmed data seen by Fastmarkets. Fourth-quarter shipments totaled 527 tonnes, up 24.3% from 424 tonnes in the third quarter and up eightfold from 58 tonnes in the fourth quarter of 2018. Chinese appetite for seaborne cobalt metal grew in 2019 due to a narrowing of the import arbi...Read More

Turkish steel mills have started to show more interest in deep-sea scrap cargoes following the latest drop in prices, sources said on Thursday February 6.A steel mill in the Iskenderun region booked a cargo from the United States, comprising 21,000 tonnes of HMS 1&2 (80:20) at $260 per tonne, 3,000 tonnes of shredded at $265 per tonne and 6,000 tonnes of bonus at $270 per tonne cfr. The previous U...Read More

South Korean steelmaker Hyundai Steel reported an almost 70% decline in operating profits in 2019 amid tightening margins between its raw materials buying prices and steel sales prices.In brief Operating profit of 331.3 billion Won ($277 million) in 2019, down by 67.7% year on year. Consolidated sales of 20.55 trillion Won, down by 1.3% year on year. Profits fell more sharply than sales due to raw...Read More

The broad-based rally across markets continues with investors focusing more on the improving economic data than they are on the uncertain economic impact of the Wuhan coronavirus (2019-nCoV). Claims by Chinese media that a treatment for the virus had been found fueled the rallies yesterday, but the World Health Organization talked down the news.Asian equity indices up either side of 2% this mornin...Read More

Weak demand for new energy vehicles (NEVs) in China is expected to hit domestic Chinese cobalt prices and could see Chinese demand for imported hydroxide fall. But, seaborne prices for processed materials could become tight because China is the world's largest processor of cobalt, some of which is exported. Supply and stocks Production halts (Mutanda) have caused concern about tightness, but...Read More

Expectations for a rebound in new energy vehicle (NEV) sales after the Lunar New Year holiday have been put on hold due to the impact the Wuhan coronavirus is expected to have on the Chinese economy. Battery raw materials market participants had hoped for an economic recovery following the phase-1 trade deal between the United States and China. A drop in demand for EV battery materials from China...Read More

China imported 1,623 tonnes of cobalt metal in 2019, up 54.6% from 1,050 tonnes in 2018, according to official but unconfirmed data seen by Fastmarkets. Fourth-quarter shipments totaled 527 tonnes, up 24.3% from 424 tonnes in the third quarter and up eightfold from 58 tonnes in the fourth quarter of 2018. Chinese appetite for seaborne cobalt metal grew in 2019 due to a narrowing of the import arbi...Read More

Imported flat-rolled steel and plate prices and volumes both dropped year on year in the United States, Fastmarkets has learned, while shipments of foreign semi-finished steel soared in January and domestic markets saw further softness.Imported prices have decreased, following the negative trend of global commodity prices - especially as concerns around the Wuhan coronavirus rise, market participa...Read More

Share this articleMONTREAL - Gold miner Semafo Inc. says work at its Boungou processing plant in Burkina Faso has restarted after a deadly attack against its workers halted operations last year.Gunmen attacked a bus convoy of 241 workers on the road to the gold mine in November last year, killing 39 people and injuring at least 60 others.Semafo says that as part of its phased plan, employees and c...Read More

Today is Thursday, February 6, 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 $1,566.05. It's up 0.63% from yesterday and up 1...Read More

Share this articleVANCOUVER - Shares in Teck Resources Ltd. fell by as much as 3.2 per cent after it warned sales of steelmaking coal in the current quarter are down due to bad weather in British Columbia.Its stock fell as low as $18.40 in trading in Toronto on Thursday, down from their $19.01 close on Wednesday. They set a 52-week high of $34.32 last April.The Vancouver-based miner says rail a...Read More

Share this articleGreat Atlantic Resources Corp. [GR-TSXV] is pleased to announce it has received analytical results for the first three drill holes completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the Jaclyn Main Zone, a gold-bearing quartz vein system. All thre...Read More

European buyers of domestic hot-rolled coil were mainly in "wait-and-see" mode on Thursday February 6, unwilling to risk purchasing big volumes amid potential import competition, sources told Fastmarkets.Fastmarkets' steel hot-rolled coil index, domestic, ex-works Northern Europe was calculated at ?,?470.18 ($515.93) per tonne on Thursday February 6, down by ?,?5.73 per tonne from ?,?475.91 per to...Read More

Today is Thursday, February 6, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Dorchester Minerals LP (NASDAQ: DMLP), Comstock Resources (NYSE: CRK), and Flotek Industries (NYSE: FTK).Dorchester Minerals LP (NASDAQ: DMLP)Dorchester Minerals LP (NASDAQ: DMLP) is a $580.54 million company today with a one-year return of -2.85%. Let's look at its price-to-...Read More

$962.86!!!That's what Tesla (NASDAQ: TSLA) was trading at on February 4, 2020.I couldn't believe it.When I first started writing about Tesla, back before it was even a public company, I never could've imagined that the stock would steadily climb more than 4,700% within such a short amount of time.Of course, some would argue that nine years is not a short amount of time. But a CAGR of roughly 50% i...Read More

Chinese domestic prices suffer heavy falls on building steel inventory levels and persistent first-quarter demand worries, with rebar facing the toughest challenge. Supply and stocks Steel inventories started accumulating in the week of February 6, according to domestic data.  Inventory levels are expected to continue building if steel mills are not able to deliver cargoes to end users i...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday February 6 that are worth another look.Chinese domestic prices suffer heavy falls on building steel inventory levels and persistent first-quarter demand worries, with rebar facing the toughest challenge.Chinese copper smelter Guangxi Nanguo has recently declared force majeure on shipments of copper concentrates, citing logistic...Read More

US rebar prices remain steady despite lower import offers and declining ferrous scrap prices, market participants said.Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $31-32 per cwt ($620-640 per ton) Wednesday February 5, unchanged from the prior assessment in mid-January.The assessment for steel reinforcing bar, import, ddp Houston, slipped to $590-600 per t...Read More