Prices for Brazilian slab in the export market rose in the week to Friday January 17 on recent deals concluded to North America.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, went up to $430-450 per tonne on Friday from $415-425 per tonne one week earlier.A batch of Brazilian slab was recently sold to a Mexican buyer at $425-430 per tonne...Read More

Prices in Southeast Asia's steel billet market fluctuated over the week to Friday January 17 amid improving demand from the Philippines, although market participants were bearish on price levels following the decline in ferrous scrap prices. Ferrous scrap prices in the bellwether Turkish import market fell by more than $15 per tonne on Thursday amid poor rebar sales and lower scrap collection pric...Read More

Glencore plans to restructure its Rustenburg ferro-chrome smelter in South Africa due to deteriorating conditions in the ferro-chrome market and high power costs, the trader-miner announced on Friday January 17. The company has issued a Section 189 notice- a South African legal requirement representing an intention to retrench staff. Ferro-chrome prices in various global regions have been tra...Read More

The price of stainless steel in the European domestic market was unchanged this week, with sources expecting this stability to persist into February on a relatively flat price development in the nickel market, Fastmarkets learned on Friday January 17.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,050-...Read More

After opening flat today, shares of Platinum Group Metals Ltd. climbed to a new 52-week high price fueled by high demand and increases in platinum group metals prices. The firm claims its primary objective is now the advancement of the palladium dominant Waterberg Project in South Africa.After reporting quarterly earnings earlier this week, Vancouver-based platinum and palladium focused mining com...Read More

The explorer that owns the asset reports the final results of its 2019 core drill program. Black PineLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that the six large diameter core holes drilled at Black Pine in Idaho all returned thick intervals of high grade oxide gold mineralization. With these results, all holes drilled thus far at the project have been reported.Hole LB...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 17. China  Spot domestic ferro-chrome held amid low spot market activity prior to the Chinese New Year holiday (January 24-30).  The charge chrome market was stable with no activity expected before...Read More

Wall Street's "fear gauge" logged its lowest close in over a monthThe Dow eked out a wintoday and capped off a perfect week with a fresh record high. As it's done all week, upbeat economic data and corporate earnings fueled today's gains, with oil stock Schlumberger (SLB) the most recent example of the latter. The S&P 500 and Nasdaq both finished higher as well, and all three benchmarks secured so...Read More

Chinese steel production increased in 2019 amid stronger demand from the construction sector, according to data released by China's National Bureau of Statistics on Friday January 17.2019 outputCrude steel: 996.34 million tonnes, up 8.3%Finished steel: 1.2 billion tonnes, up 9.8% ...Read More

Traders were greeted with some M&A buzz, tooStocks spent most of the week grinding to fresh highs, while investors monitored the first round of corporate earnings, headlined by the big banks. Of course, the real tailwind for equities came from the signing of the "phase one" U.S.-China trade deal, with the Dow Jones Industrial Average (DJI) last seen pacing for a perfect week, set for a fifth strai...Read More

Bloomberg tweeted that the firm is weighing a potential sale Online education concern 2U Inc (NASDAQ:TWOU) is surging today, after a tweet from Bloomberg suggested that the firm was weighing a potential sale under pressure from activist investor Sachem Head Capital Management. The stock has added 7.3% to trade at $23.36, and the options pits are going wild in response. So far, 5,086 calls and 1,3...Read More

SE options are attractively priced at the momentOne of the hottest stocks in the last 12 months is Sea Ltd (NYSE:SE). The e-sports name has more than tripled year-over-year, culminating in a Jan. 7 record high of $41.80. But SE could just be getting started; the stock is currently flashing a historically bullish signal.More specifically, Sea's recent high comes amidhistorically low implied volat...Read More

InVitae's recent rally looks short-livedBiotech InVitae Corp (NYSE:NVTA) is down 2.3% this afternoon -- set to snap its three day win streak -- though the catalyst is unclear. Prior to today's drop, the equity was recovering from its early January lows near $15, but remains up 22% year-to-date. However, supported by today's drop, now might be the time to take a step back from NVTA, as data from Sc...Read More

The Dow and its peers are back near breakeven at middayThe Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) have all hit new highs today, though a big drop in job openings in Novemberhas pulled the major indexes back near breakeven on the day. In turn, the Dow's four-day win streak is in jeopardy -- though stocks' weekly gains appear firmly in place. Elsewher...Read More

TWTR has been attempting to recover from its fourth-quarter lowsSocial media giant Twitter Inc (NYSE:TWTR) is trading below breakeven this morning, last seen down 0.3%, at $34.08. The shares are struggling after receiving an early morning downgrade out of UBS. The firm downgraded TWTR to "neutral" from "buy," and cut its price target to $35 from $37, citing expectations for higher R&D and investm...Read More

The shares of IMBI and DRRX are moving in opposite directionsWhile stocks on the whole are set to close the week on a strong note, we're taking a closer look this morning at penny stocks iMedia Brands Inc (NASDAQ:IMBI) and Durect Corporation (NASDAQ:DRRX). Here's a look at what's moving the shares of IMBI and DRRX this morning. For IMBI, the shopping experience specialist has seen its stock jump 5...Read More

GPS is staring up at its 200-day trendline stillRetailer Gap Inc (NYSE:GPS) is in focus this morning, after abandoning its plans to spin off Old Navy. Instead, the company will focus on recuperating its dropping sales figures. Five analysts have upped their price targets in response, including to $20 from $19 at Wedbush. An analyst at Jefferies said it will "take time to heal," but called it the...Read More

Comcast just revealed more details about its new streaming service, Peacock The shares of broadcasting name Comcast Corporation (NASDAQ:CMCSA) are eyeing their fifth straight win today as more details from the firm's streaming service Peacock roll out. The firm said it will offer a free tier of the service, as well as a $5 a month option -- which will include advertising -- in order to win over cu...Read More

Stocks are set to close a big week on a bullish noteThe Dow Jones Industrial Average (DJI) is setting its sights on a fifth straight win and another record high, as stock futures point to another up day to close out a big week on Wall Street. Stocks recently have been fueled by the signing of the "phase one" trade deal and positive economic data, including this morning's strong update on housing s...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More