London Metal Exchange copper bulls are turning to the options market to make cautious bets that copper's price will continue its rapid rise into March 2020, Fastmarkets learned.Open interest in March options has spiked and a total of 9,635 lots of call options - equivalent to over 240,000 tonnes of copper - are currently live with strike prices between $6,400 per tonne and $6,600 per tonne.Call op...Read More

The S&P 500, Nasdaq Composite and Dow Jones Industrial indexes all pulled back from records as the conditions underscored lingering concern about future progress in negotiations, Bloomberg reported.However Australia's benchmark S&P/ASX200 was in record territory in morning trade and edging towards the 7,000 mark.Australian gold producers were three of the biggest risers at the time of writ...Read More

South African miners reported a fresh wave of buying interest for chrome ore, prompting higher prices. UG2 chrome ore prices rise in China.Chinese alloy prices underpinned by chrome ore strength.Charge chrome prices hold in China.European high carbon ferro-chrome prices under pressure, while low carbon ticks up.US spot market inactive, prices stable. UG2 chrome ore prices surged on Friday January...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce the appointment of Mr. Jamie Kitson as VP Sales Canada for Siyata Mobile. Mr. Kitson has a successful track record in exceeding targets, with proven results in both the private and public sectors within the telecommunications space, including senior roles with Bell Mobility, Ro...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday January 10.China The Chinese ferro-silicon spot price remained unchanged for a fourth consecutive week, while demand surged for restocking with the Chinese New Year approaching. Export prices picked up amid the strengthening of Chinese yuan, increased domestic trading activity and limited export avai...Read More

The court analysed three rulings issued in 2019 and concluded there was no clear and express prohibition in the country's constitution against undertaking popular votes about mining, that Ecuador'sRead More

Silicon and bulk alloys producer Ferroglobe has appointed Marco Levi as its chief executive officer, replacing Pedro Larrea, who leaves the company to seek new professional challenges, according to a company statement on Monday January 13. The new chief executive will be in charge of designing a new strategy that will lead the ferro-alloys maker, which has recently moved its headquarters to Madrid...Read More

By: Ira EpsteinWill Pelosi take away the trade-deal Trump victory with an impeachment delivery to the Senate?Gold APRIL (now updated) Futures. Gold is down the first trading day of the week, 18-DMA is at $1497 area and rising. Gold peaked out at missile day. Read More

RambusHeads UP ...from Rambus Chartology."You may recall we were looking at the Japanese YEN / PM complex combo chart several months ago comparing the YEN to the PM complex. For whatever reasons how the YEN goes the PM complex tends to follow. It's not a perfect correlation but close enough to pay attention. Today the YEN gapped below an important trendline that goes all the way back to October...Read More

Ask yourself what factors what factors will affect global financial markets once the so called US-China trade deal is signed. Trade war is the biggest reason why gold prices rose from $1200 to $1600 in around twelve months. Central bank buying and other reasons have also contributed to gold price rise but the biggest catalyst has been the trade war and recession fears. I will happy if gold price...Read More

Turkish steel producers continued to hold back from the deep-sea scrap markets on the second day of the working week because of the soft rebar market and firm scrap prices, sources said on Tuesday January 14.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300 per tonne...Read More

Starting in July this year, and for the first time, millions of tonnes of copper and aluminium scrap will be shipped into China not as waste but as merchandise, after the country announced its timetable for the renaming of high-purity non-ferrous scrap as recyclable materials.On Monday January 13, China's State Administration for Market Regulation said that the new specifications for secondary cop...Read More

There will be no significant reduction in China's new energy vehicles (NEV) subsidies in 2020, Miao Wei, minister of China's Ministry of Industry and Information Technology (MIIT), revealed in a conference on Saturday January 11.The general principle for the policy this year is to stabilize market expectations, guarantee healthy and sustainable development, and build confidence in the NEV industry...Read More

Today is Tuesday, January 14, 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 $1,543.45. It's down -0.30% from yesterday and up...Read More

Today is Tuesday, January 14, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Texas Pacific Land Trust (NYSE: TPL), Chevron Corporation (NYSE: CVX), and Encana Corporation (NYSE: ECA).Texas Pacific Land Trust (NYSE: TPL)Texas Pacific Land Trust (NYSE: TPL) is a $6.217 billion company today with a one-year return of 30%. Let's look at its price-to-earnings...Read More

It was 72 degrees on Sunday, and the wife and I decided to go check out the new Monet exhibit at the Smithsonian in Washington, D.C. This show turned out to be four or five paintings with an art professor talking about light on bridges. In fact, three of the paintings were the same bridge over the Thames in London. While I was grateful for the knowledge, it was disappointing. I drove in D.C. t...Read More

An effort by domestic steelmakers to increase flat-rolled steel prices since late October 2019 has revived the hot-rolled index from multi-year lows, but it is unlikely to help mills to regain the high margins they achieved in 2018, market participants and industry experts told Fastmarkets.Flat-rolled steel mills in the United States have announced five price increases on sheet products in the las...Read More

Domestic prices for hot-rolled coil in Northern Europe remained largely unchanged on Tuesday January 14, but sentiment remains positive, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe, was at ?,?442.70 ($492.63) per tonne on Monday January 14, down by 23 cents from ?,?442.93 per tonne on January 13.The index...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN built onto its impressive recent run, tacking on 10.75 points or 0.9% to finish the week at 1193.MACD rose 75 points to -0.58. RSI rose 6.29 points or 10.1% to 69.43.Support moves up to 1172 (upper Bollinger) and 1167.80 (50-day moving average). Resistance rises to...Read More

Fastmarkets proposes to discontinue the pricing of zinc ingot premiums on a cif India basis.Currently, Fastmarkets prices the following premiums:Zinc SHG min 99.995% ingot premium, cif dp India, $/tonne Zinc SHG min 99.995% ingot premium, cif dup India, $/tonneThe expansion of production capacity by Hindustan Zinc means there is currently no spot market for imported zinc in Ind...Read More