Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 28. China Novel coronavirus (2019-nCoV) continues to weaken sentiment for seaborne ore prices amid sharp falls in portside and alloy prices. Portside prices fell on aggressive bids...Read More
Monthly European alloy steel surcharges for March are down in response to lower nickel costs, sources told Fastmarkets on Friday February 28. In the case of grade-316 stainless steel, the fall in the surcharge was moderated by higher molybdenum prices. Fastmarkets' calculation of the stainless steel cold-rolled sheet, 316, 2mm, alloy surcharge, domestic, Europe, for March was ?,?2,040-2,...Read More
The novel coronavirus (2019-nCoV) that originated in China but has since spread to more than 40 countries poses a serious threat to the Chinese nickel market, with demand, and therefore prices, said to be at considerable risk in the short term.While supply of nickel remains largely steady despite reports of some output cuts in China, demand for the metal has been hit by the country's waning stainl...Read More
Exports of stainless steel scrap from the United States more than doubled in December compared with the prior month due to increased shipments to Taiwan and Canada, although shipments for the last year were down by 28% from 2018, according to the latest US Census Bureau data.Stainless steel scrap exports totaled 74,774 tonnes in December compared with 33,343 tonnes the previous month. For 2019, ex...Read More
Sino-Pakistani steel producer Al-Haj Asia Star Steel will begin production of steel rebar in northern Pakistan from early March and will enter the market for imported scrap, Fastmarkets has been told.Al-Haj Asia Star Steel is a joint venture formed in 2017 between Pakistani conglomerate Al-Haj Group and China's Hebei Xingang Iron & Steel Group.In its first six months of production, the mill will p...Read More
Taiwanese ferrous scrap buyers continued to purchase cargoes at high prices this week, although buying momentum slowed toward the end of the week on returning supply of Japanese scrap.Vietnamese buyers continued to focus heavily on Japanese scrap due to its large discount against materials from the United States' West Coast.VietnamFastmarkets' weekly price assessment for deep-sea bulk cargoes of s...Read More
The vast majority of copper and brass scrap imported into China could meet the criteria of reclassification as copper renewable materials, according to research by Jinrui Futures.Referencing the Chinese import data of 2019, 97% of the copper scrap products and 79% of the brass scrap products brought into the country last year could be renamed as copper renewable materials, Zark Huang, analyst with...Read More
Junior Atac Resources (TSXV: ATC) has unveiled an updated preliminary economic assessment for its Tiger deposit in the Yukon, envisioning a smaller, higher grade operation with better economics compared to a previous PEA completed in 2016.The new PEA outlines an open pit operation with a life of seven years (including one year of construction) and average annual production of 45,000 oz. gold. Tot...Read More
GoldSpot Discoveries (TSXV: SPOT) issued a statement commending Yamana Gold (TSX: YRI; NYSE: AUY) for using machine learning technology to improve exploration targeting and contribute to meaningful increases in mineral resource inventory at its El Penon gold-silver mine in northern Chile.In late 2018, Yamana partnered with GoldSpot to complete an exhaustive evaluation of historical mine data compi...Read More
Nevsun Resources (TSX, NYSEMKT:NSU) has lost its bid to have Canada's Supreme Court throw out a lawsuit by former employees who say they were forced to work at the company's copper-zinc Bisha mine in Eritrea, East Africa.In its judgment, Canada's top court determined that the plaintiffs' claims may continue. Nevsun said that the question of whether the claimants will be allowed to sue the compa...Read More
GDX stock is now very overbought on almost every metric. Traders should look to short VanEck Vectors Gold Miners ETF on any strength.Read full newsRead More
Gold miners have largely been boosting dividends to appease long-suffering share...Read full newsRead More
Clinical studies are underway. How we treat them moving forward matters.Read full newsRead More
Western Copper and Gold Corporation (TSX:WRN; NYSE American:WRN) is pleased to report that it has completed the private placement previously announced on February 21, 2020Read full newsRead More
".@FireFoxGoldCorp (TSXV:FFOX; FSE:A2PDU7) is a resource exploration company with a portfolio of highly-prospective gold projects in Finland and actively exploring for gold in the Central Lapland Greenstone Belt. https://t.co/zbcOT9tLlT #Gold #Finland #investing #stocks"Read full newsRead More
Commander Resources Ltd. has acquired by online staking two gold properties in northwestern Ontario.Read full newsRead More
??? Fully-subscribed offering completed with full overallotment option exercised by underwritersRead full newsRead More
Global Energy Metals (TSX.V:GEMC) strengthened its financial position on Thursday with news of the sale of royalties over its cobalt projects in Australia....Read full newsRead More
As markets have been selling off rapidly this week, investors may have noticed a lot of the gold stocks have been sold off, too.Equinox Gold, which had been on a major rally of more than 100% over the last 12 months, was down more than 10% this past week. The exchange-traded fund (ETF) that tracks the industry, iShares S&P/TSX Global Gold Index ETF, was down roughly 6% after being up...Read More
Towards the end of 2019, I’d suggested that investors should avoid Bitcoin in favour of gold. The cryptocurrency surge had elevated blockchain-linked stocks that have since struggled mightily in recent months. Bitcoin enthusiasts come in different forms, while its fiercest detractors often sing a similar tune.Warren Buffett is revered for his investment chops, which he has exercised to accum...Read More