Global tin premiums were steady in the week to Tuesday February 25, despite poor demand and with rising stock volatility turning the focus on delivery incentives amid a large inflow into LME warehouses in Los Angeles. European market questions LA inflows US sentiment improves Asia demand in question Fresh inflows puzzle European tin market; premiums steadyIn Europe, Fastmarkets assessed the tin 99...Read More
The global tally has reached 81,109, with 412 new cases confirmed yesterday in China and 459 elsewhere including in four new countries - Algeria, Austria, Croatia and Switzerland.Key markets were mixed around the globe, with London's FTSE 100 managing a 0.35% gain to climb off the previous day's one-year low.The S&P 500 closed lower but the Nasdaq gained.Futures were similarly mixed.Gold had d...Read More
Seasoned metal-market watchers probably find it hard to believe that the upward run in palladium can continue because past periods of high prices have always ended with a fall as major users switchRead More
Here are five Fastmarkets stories you might have missed on Wednesday February 26 that are worth another look.China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Metal and ferro-alloy...Read More
Group revenue rose 5.3% to A$1 billion. Underlying EBITDA was up 10.6% to $222 million and underlying EBIT rose 7.7% to $111 million. Underlying net profit after tax dropped 7% to $60.Read More
Clive MaundThe market crash called for on the site on the 15th, right before it started, is now going full bore, and in this update we are going to consider the short-term outlook, especially insofar as it impacts upon our Tech sector puts, and also the grim longer-term outlook.A full-on "in your face" catalyst for the crash has arrived in the form of the Covid-19 or coronavirus, which has alre...Read More
Steve St. Angelo, SRSrocco Report The Global Financial System is now under severe stress. While there have been many factors leading to up to this point, the situation that is unfolding in China and abroad seems to be speeding up the process. Yesterday, the market got a small WHIFF or WOKE up a TAD in regards to a global contagion and soon to be the rapid contraction of the JIT - Just In Ti...Read More
By: Gary SavageWe don't have the signs of an ultimate bubble top. What kind of behavior would show this? A mini bubble? Gold is anticipating inflation in the years ahead. Gold mining stocks $GDX technical update / baby bull high:http://blog.smartmoneytrackerpremium.com/Read More
Azuay prefect and anti-mining protestor Yaku Perez submitted the request as he believes mining projects pose a threat to water sources and the environment.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 26.Key drivers: Quiet ferro-titanium business in late February has not encouraged cheaper offer prices, with European suppliers expecting renewed demand for quarterly settlements in March and keen to hold their sales prices until then. 40 tonnes of alloy business has been reported to...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 26 that are worth another look.China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Metal and ferro-alloy...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 26.Key drivers: Quiet ferro-titanium business in late February has not encouraged cheaper offer prices, with European suppliers expecting renewed demand for quarterly settlements in March and keen to hold their sales prices until then. 40 tonnes of alloy business has been reported to...Read More
The Turkish steel mills have continued to be largely silent in the deep-sea scrap markets to try to restrict the upward trend in prices, sources said on Wednesday February 26.The mills were very active in the deep-sea scrap markets in the period February 4-24, booking at least 22 cargoes totaling more than 700,000 tonnes. As a result, scrap import prices into Turkey have been climbing since the be...Read More
Base metals prices were for the most part weaker this morning, Wednesday February 26, weighed down by further weakness from global equity markets that have in recent days been shaken from their complacency.The latest retreat in equities was partly fueled by the US Centers for Disease Control and Prevention warning Americans to prepare for the spread of the novel coronavirus (2019-nCoV) in the Unit...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 26 that are worth another look.China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Metal and ferro-alloy...Read More
Share this articleVANCOUVER, British Columbia - Great Atlantic Resources Corp. [GR-TSXV] is pleased to summarize results for 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 gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is a gold bearing quartz ve...Read More
Domestic prices for hot-dipped galvanized coil (HDG) have narrowed upward in Northern Europe over the past week, supported by strong demand and an absence of imported alternative material, sources told Fastmarkets on Wednesday February 26.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?580-600 ($630-652) per tonne ex-works on February 26, compared with ?,?...Read More
Today is Wednesday, February 26, 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 $1,642.35. It's up 0.45% from yesterday and up...Read More
The mood in the European hot-rolled coil market has been bullish amid a lack of competitive import offers and domestic mills' good order books, sources told Fastmarkets on Wednesday February 26.Northern EuropeFastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe was at ?,?483.71 ($525.29) per tonne on Wednesday February 26, down by ?,?0.27 per tonne day on day from ?,?...Read More
Today is Wednesday, February 26, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of SEACOR Holdings (NYSE: CKH), Cabot Oil & Gas Corporation (NYSE: COG), and Comstock Resources (NYSE: CRK).SEACOR Holdings (NYSE: CKH)SEACOR Holdings (NYSE: CKH) is a $796.07 million company today with a one-year return of -18.64%. Let's look at its price-to-earnings (P/E) ra...Read More