Bob Moriarty ArchivesFeb 5, 2020Hint: That’s what massive tops look like. Don’t tell anyone else, I want to keep it a secret between you and me.###Bob MoriartyPresident: 321goldArchives321gold LtdRead More

A weak US aluminium market kept market participants away from undertaking arbitrage activities between Southeast Asia and the United States despite plummeting freight rates. Sustained pressure on aluminium premiums in the US was one of the main factors preventing viable aluminium arbitrage opportunities between London Metal Exchange sheds in Southeast Asia to the US Midwest. Fastmarkets assessed t...Read More

The coronavirus outbreak has not yet affected buying demand in China for imported alumina, with material from Western Australia still being shipped to China and fresh deals concluded, market participants told Fastmarkets. A deal was concluded on Tuesday February 4 for 30,000 tonnes of Western Australian alumina at $299.50 per tonne on a cif China basis.The cargo is for March loading and to either...Read More

The precious metals producer said yesterday it had received the US$11.Read More

Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") today announced that it has signed commercial agreements to supply custom designed plant-based packaging with two US food producers who distribute throughout the United States. The Company estimates the agreements will deliver between $1.7 million to $2.0 million (Canadian dollars) in organic growth on an...Read More

Principal analyst Farid Ahmed said this week original equipment (OE) manufacturers in the US and China, which accounted for about 40% of the world's automotive manufacturing capacity, experienced production contractions during 2019, with pressure expected to persist in these key markets.Global OE demand shrank last year, with China down 8% and the US down 14%. Global OE demand is forecast to rever...Read More

Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has received a $600,000 purchase order for its 4G rugged PoC handset devices.Marc Seelenfreund, CEO of Siyata Mobile, commented, "This is an exciting win for Siyata as it demonstrates the strong continual market demand for our Push-to-Talk over Cellular (PoC) rugged handsets. Our r...Read More

China's copper smelters face limited scope to slash production even as diminished demand on virus-related lockdowns raises concerns refined inventories could grow. Daye Nonferrous, based in Huangshi at the heart of the novel coronavirus outbreak in Hubei province, plans to operate at just a moderately reduced rate of 70-80% of capacity for the first quarter, a company source said. A market source...Read More

By: David HaggithHaving predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019's fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been the start of a recession, we would have seen fourth-quarter GDP go negative. Instead, it came in at 2.1% growth.I fi...Read More

Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a...Read More

An overview of the minor metals markets and their latest price moves.Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday February 5.Key drivers The price range for ferro-titanium has narrowed over the past week, with increased trading activity resulting in higher-priced deals in Europe. There was an increase in traded volumes reported, with  sources saying higher-priced sales from Europe to Asia had spurred domestic European buying inte...Read More

Turkish deep-sea scrap markets went quiet on Wednesday February 5 after cargoes from the United States and the Baltic Sea sent prices down by about $10 per tonne, sources told Fastmarkets.News of two fresh cargoes on Tuesday February 4, caused a $10.38-10.54 per tonne drop in Fastmarkets' daily scrap indices. The drop in prices was expected by market participants because of wea...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday February 5.Key drivers The price range for ferro-titanium has narrowed over the past week, with increased trading activity resulting in higher-priced deals in Europe. There was an increase in traded volumes reported, with  sources saying higher-priced sales from Europe to Asia had spurred domestic European buying inte...Read More

The Asian scrap market is resting in a mid-week slump on Wednesday February 5 on the back of a string of Wuhan coronavirus-related fears.Shippers are now awaiting more announcements of mandatory quarantine periods - of up to 14 days - for vessels inbound to discharge ports.Key northern Vietnam port Hai Phong has stipulated that any vessels that have visited Chinese ports (excluding Hong Kong) in t...Read More

A broad base of markets are rebounding after China's move to boost liquidity and stabilize the market convinced many investors that the measures being taken will help cushion the economic impact of the Wuhan coronavirus (2019-nCoV). Given that it is still early days in terms of discerning the medium-term impact of the Wuhan coronavirus will have on the China and, indeed, the global econo...Read More

Fastmarkets has discontinued the calculation and publication of its MB-CO-0022 - China cobalt sulfate, Co 20.5% min, ex-works, adjustment to the low-grade cobalt low-end price.The discontinuance of the China cobalt sulfate, exw standard-grade adjustment, which is calculated against Fastmarkets' assessment of the all-in exw China cobalt sulfate price and the low end of the standard-grade cobalt pri...Read More

Is it the end of oil?It's about time, isn't it?Watching WTI prices fall below $50 per barrel for the first time in over a year, even the best of us can get that bearish twinge of concern.But this isn't 2014.You probably remember that painful crash just as much as I do. Prices collapsed nearly 75%, from over $100 per barrel all the way down to around $26 per barrel.All it took was a global pandemic...Read More

Turkey exported 5,609,697 tonnes of flat steel products in 2019, a decrease of 6.43% compared with 5,995,470 tonnes in 2018, according to the Turkish Statistical Institute (TUIK).Strong demand for flat steel, especially in Europe and North Africa, was the main factor behind the increase in the country's flat steel exports.In addition, local demand for steel in the Middle Eastern country was not st...Read More

European buyers have been reluctant to accept the higher prices now being asked for hot-rolled coil, sources told Fastmarkets on Wednesday February 5.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?475.91 ($525.88) per tonne on Wednesday, down by ?,?3.81 per tonne day on day from ?,?479.72 per tonne a day earlier.The index was based on deals heard at ?,?4...Read More