Indonesia will reduce its nickel ore production by 52% year on year to 25 million wet metric tonnes (wmt) in 2020, according to the Indonesian Nickel Mining Association, while introducing four new domestic smelters to produce ferro-nickel and nickel pig iron (NPI) ahead of the domestic mineral ore export ban this year.Indonesian authorities expect four new smelters to come into production in 2020...Read More

Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), a North American leader in plant-based food packaging and products, has today announced that Beacon Securities has initiated analyst coverage on the Company.The research coverage on good natured (R) is prepared by an analyst at Beacon Securities and represents the views of the analyst. good natured (R) is...Read More

"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.Read More

Challenging conditions will continue in the South African ferro-chrome market and Chinese production will continue to expand, Glencore said on Tuesday February 18.The trader-miner announced on February 4 a 9% drop in ferro-chrome output for the full year of 2019 to 1.44 million tonnes, due to maintenance taken during periods of high costs and low prices.Deteriorating ferro-chrome market conditions...Read More

By: Gary SavageThe bullion banks are in jeopardy of being short-squeezed out of their huge short-position, like last year when they lost billions..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Disclaimer:Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. The information included in The Smart Money Trac...Read More

"The impacts of the war and the pandemic are hard to disentangle in market and economy charts, but it looks like positive developments in the war...were overshadowed by the pandemic, marking the end of an equity rally..." Ray Dalio, Bridgewater Associates, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020 "Investing should be more like watching paint dry or watching gra...Read More

By Avi GilburtIn late October and again in November, I began preparing my subscribers for the last rally phase we experienced in the metals complex. I even penned a number of public articles outlining my expectations for the same. In fact, on November 11, I published an article entitled "Gold Is Likely Approaching A Local Bottom." As we now know, gold actually struck its bottom at the time with...Read More

Index futures were getting drubbed Monday night on news that Apple's Q1 revenues will take a hit from coronavirus-related work slowdowns and lower iPhone sales in China. However, it remained to be seen whether this so-far controlled selloff will become an avalanche when stocks open Monday morning. If it were a Sunday night, the FAANG/lunatic stocks would be moving lower in tandem with the E-Mini...Read More

Ability/inability of spot gold to trade over $1600 will decide the trend for gold for the next three week's. Right now the trend is bullish. Silver will break free from $1740-$1810 trading range and form a new range. Copper, crude oil and nickel, boom or bust two days ahead. Right now trend is bullish for copper and nickel. Japan, Eurozone, Singapore, are among the various nations (apart from Ch...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 18 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell during the week to February 18 amid a slowdown in domestic trading while downstream sectors gradually return to work.Increasing aluminium inventories pressured China's aluminium price amid, generally, uninterrupted...Read More

Glencore will prioritize the production ramp-up of its Katanga mining asset in the Democratic Republic of Congo (DRC) in 2020, the trader-miner said on Tuesday February 18 during its full-year results announcement.The company's production guidance at Katanga is 270,000 tonnes of copper and 29,000 tonnes of cobalt contained in concentrates and hydroxides, and it expects the successful commissioning...Read More

Mexican ferrous scrap prices were little changed in the week ended Friday February 14, with most buyers refraining from making any changes after several price cuts in the preceding two weeks.In the country's northern Monterrey region, prices remained stable for four grades, while the price of HMS 1-grade scrap decreased. In the central Baj?-o region, three grades had lower prices, with one remaini...Read More

Turkish steel producers made more bookings of deep-sea scrap for March shipment, with prices strengthening further on firm demand, sources told Fastmarkets on Tuesday February 18.A steel mill in the Iskenderun region booked a US cargo comprising 20,000 tonnes of HMS 1&2 (90:10) at $282.50 per tonne, 5,000 tonnes of shredded at $285 per tonne and 5,000 tonnes of bonus at $290 per tonne cfr.This com...Read More

Peking Founder, owner of Chinese trader Founder Commodities, has been ordered to restructure just shortly before its bond due date this coming Friday, February 21.The conglomerate said on Tuesday February 18 that one of its creditors, Bank of Beijing, had filed a request to the Beijing No1 Intermediate People's Court for an asset restructure.The bank cited in its application the inability of Pekin...Read More

Broader markets, mainly equity indices, have been fairly complacent about the potential negative economic impacts of the coronavirus (2019-nCov). But this morning, Tuesday February 18, that may be changing with Asian equities down across the board as more companies and countries get jittery.Apple warns it will miss its sales target, South Korea warns it is in an emergency situation and calls for "...Read More

Glencore will prioritize the production ramp-up of its Katanga mining asset in the Democratic Republic of Congo (DRC) in 2020, the trader-miner said on Tuesday February 18 during its full-year results announcement.The company's production guidance at Katanga is 270,000 tonnes of copper and 29,000 tonnes of cobalt contained in concentrates and hydroxides, and it expects the successful commissioning...Read More

Today is Tuesday, February 18, 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 $1,601.70. It's up 1.30% from yesterday and up 2...Read More

Today is Tuesday, February 18, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of EQT Corporation (NYSE: EQT), HighPoint Resources Corporation (NYSE: HPR), and Clean Energy Fuels Corporation (NASDAQ: CLNE).EQT Corporation (NYSE: EQT)EQT Corporation (NYSE: EQT) is a $1.434 billion company today with a one-year return of -70.93%. Let's look at its price-to-e...Read More

Joseph Alois Schumpeter was an Austrian political economist from the first half of last century. He managed to escape WWII and get U.S. citizenship in 1939. As a Harvard professor, he preached against Marxism and FDR's New Deal and sponsored economists and others to get them out of Nazi Germany.His most famous book called Capitalism, Socialism, and Democracy sits on my bookshelf, well thumbed, its...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 Canadian Insider Index turned on the jets in impressive fashion and cut through the 1200 resistance level like butter. The Index finished the week up 19.71 points or 1.65% to close at 1212.32.MACD rose 3.54 points to 2.79. RSI rocketed up 12 points or 22% to 65.25.Suppo...Read More