A summary of base metals premiums from across the globe for the week to Tuesday February 11.Click on...Read More
London Metal Exchange base metals prices were trading up at the close on Tuesday February 11, bolstered by a fresh injection of capital from the People's Bank of China (PBoC). China's central bank put 900 billion yuan ($129 billion) into China's economy on February 10 in a bid to fight off stagnation in the face of the Wuhan coronavirus pandemic, which has given rise to significant disruptions in...Read More
BNP Paribas will take on the over-the-counter (OTC) base and precious metal clients of fellow French bank Soci?(C)t?(C) G?(C)n?(C)rale (SocGen), which is reducing its commodities exposure, both companies confirmed to Fastmarkets on Tuesday February 11.SocGen announced last April that it would be closing its OTC and proprietary commodities trading business, including metals, as part of a global cos...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 11, 2020 To view the only virus more concerning than Corona, pleaseclick here now. The global government debt virus! In America, the government’s debt to GDP ratio is now three times the level it was when Ronald Reagan got elected.Simply put, Donald Trump doesn’t have the w...Read More
Jack ChanPosted Feb 11, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high.Speculation on silver is at levels of previous tops.The big picture is bullish.Long-te...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday February 11 that are worth another look.A block on the World Trade Organization's dispute settlement process has paralyzed progress in steel cases, including those pertaining to Section 232, which could result in a disparity between steel prices in the United States and those in the rest of the world, according to two trade expe...Read More
BNP Paribas will take on the over-the-counter (OTC) base and precious metal clients of fellow French bank Soci?(C)t?(C) G?(C)n?(C)rale (SocGen), which is reducing its commodities exposure, both companies confirmed to Fastmarkets on Tuesday February 11.SocGen announced last April that it would be closing its OTC and proprietary commodities trading business, including metals, as part of a global cos...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that the Israeli Ministry of Defense ("Israeli MOD") has awarded the Company a three-year contract for CAD $1.5 million that will be paid over the life of the contract. has awarded the Company a three-year contract for CAD $1.5 million that will be paid over the life of the contract.Under the terms of...Read More
The fundraising is pricing new shares at A14c each and involves AIM-listed investment group Metal Tiger putting in $3.33 million for a 14.9% interest in Southern Gold.Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday February 7.United StatesKey drivers Prices in the US increased for the first time since February 2018, with suppliers raising their offer prices, partly due to reduced global supply of cheap material from China as a result of logistical issues stemming from the outbreak of the novel coronavirus (2019...Read More
Strong iron ore prices are the primary reason for BHP's rise during some of the most difficult commodity markets in decades with the US waging a trade war with China, capped off by an outbreak of aRead More
Prices for ferrous scrap in the Mexican domestic market were down in four grades and stable in five other grades in the week ended Friday February 7, with consumers attempting to reduce prices but meeting resistance from sellers.At least two scrap consumers in the region around the city of Monterrey announced price cuts for several grades last week, in the range of 100-150 pesos ($5-8) per tonne.M...Read More
A total of 106.3 million tonnes of coal was railed in Queensland and New South Wales in the first half of 2019-20 compared with 106.5Mt in the first half of 2018-19.Read More
Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More
By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More
Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More
The Turkish deep-sea scrap import markets have gone quiet after suppliers withdrew their offers on the expectation of higher prices, sources said on Tuesday February 11.The mills have been seeing some improvement in demand for material over the past week, following a sharp decline in prices.Turkish deep-sea scrap import prices fell sharply on February 4, on news of fresh cargoes being booked.And f...Read More
India's recently announced national budget got a mixed response from the country's steel sector, with some describing it as "disappointing" while others said it was "promising," sources told Fastmarkets.The Indian government's $428 billion budget for 2020-21 was presented on February 1.Part of the budget concerned the soon-to-be-launched National Logistics Policy, which will include various infras...Read More
There was a lot of discussion on climate change and ESG, with virtually every corporate presentation and panel touching on it.Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday February 11 that are worth another look.A block on the World Trade Organization's dispute settlement process has paralyzed progress in steel cases, including those pertaining to Section 232, which could result in a disparity between steel prices in the United States and those in the rest of the world, according to two trade expe...Read More