"I'll be stoned for Christmas..."While this tune hasn't hit the heights of the Bing Crosby classic, the sentiment remains. Marijuana is a very popular gift during the holidays, so Santa better be careful about that smoke coming from the chimney.This time of year, people are out to buy green trees of every kind.I'll stop the puns there (I had like five more).The holiday season is the biggest time f...Read More

All segments of the metals industry - especially aluminium and steel producers that supply the aerospace sector - are likely to be affected by Boeing's decision to suspend production of its grounded 737-Max airplanes in January 2020, an industry expert told Fastmarkets.Metals suppliers who provide materials to airplane parts manufacturers on shorter lead times - within three to six months - will b...Read More

A summary of base metals premiums from across the globe for the week to Tuesday December 17.Please click...Read More

Weekly Reports |Dec 17 2019As year-end approaches, sellers became more anxious last week not to be stuck with excess uranium before books-close.By Greg PeelThe Christmas rush was on last week as sellers of uranium become more anxious not to be caught with excess uranium before books-close. Those missing out on recent spot market tenders were forced to reduce offers, leading industry consultant Tra...Read More

The nickel price closed down more than 1.6% on the London Metal Exchange on Tuesday December 17, seemingly succumbing to inventory pressure.The three-month price ended at $13,960 per tonne after stocks in LME-listed warehouses rose by another 6,090 tonnes.The contango in the benchmark cash/three-month spread widened to $61 per tonne this afternoon from $41.25 per tonne earlier today and $57 per to...Read More

Bob Moriarty ArchivesDec 17, 2019My Best Year-End Tax-Loss Harvesting AdviceWith only a few trading days remaining in 2019, a clear winner has emerged in the contest of gold mining ETFs. TheU.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)was up 39.5 percent year-to-date as of November 30, beating five of its peers, including those that focus on explorers and junior miners, or that are back...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday December 17 that are worth another look.Import prices for steel slab in Southeast Asia and East Asia were stable during the past week, as suppliers' attempts to achieve higher prices failed despite the recovery in downstream hot-rolled coil prices.Market observers do not expect planned interruptions to power supply in South Afri...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comDec 17, 2019The amount of debt in both China and the United States is horrifying and it continues to grow.Debt growth is worshipped by millions of people who think it is a cure rather than a disease. Pleaseclick here now. Until the trade war began, the Chinese government was pressuring the...Read More

Market observers do not expect planned interruptions to power supply in South Africa by Eskom to affect deliveries from South32's Hillside aluminium smelter, they told Fastmarkets.State power utility Eskom implements load shedding - controlled power blackouts - to reduce pressure on the country's electricity grid when power is severely constrained.Last week it was forced to implement stage 6 load...Read More

Benchmark alumina prices have failed to trade above $300 per tonne since August 2019 and are likely to remain under pressure in 2020 partly because aluminium companies are diversifying along the supply chain, market participants said. There has been a sharp drop in alumina prices in 2019 - Fastmarkets' benchmark alumina index, fob Australia averaged $279.56 per tonne in November, 26.8% lower...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to provide additional details on its core drilling plans for the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figures 1 & 2).The fully funded $2M planned drill p...Read More

Among those companies were a mix of private explorers and project aggregators, spending millions of dollars in compliance-related funding to try to get funding for exploration, including Murray BasinRead More

All segments of the metals industry - especially aluminium and steel producers that supply the aerospace sector - are likely to be affected by Boeing's decision to suspend production of its grounded 737-Max airplanes in January 2020, an industry expert told Fastmarkets.Metals suppliers who provide materials to airplane parts manufacturers on shorter lead times - within three to six months - will b...Read More

Sierra Rutile is now worth just US$50 million, after Iluka chopped $290 million off its valuation, admitting the African enterprise had not met the investment case that underpinned the $330 millionRead More

Stewart Thomson, Graceland Updates 1. The amount of debt in both China and the United States is horrifying and it continues to grow. 2. Debt growth is worshipped by millions of people who think it is a cure rather than a disease. 3. Please click here now. Until the trade war began, the Chinese government was pressuring the country's private sector to reduce...Read More

Stefan Gleason, Money MetalsGold and silver prices remain mired in weeks-long trading ranges. They are essentially moving sideways - for now.Precious metals mining stocks, however, are moving up. The chart of the HUI gold miners index shows an uptrend in place since mid October.The HUI has traded above its 50-day moving average for several days in a row. The 50-day line itself is now also curlin...Read More

Economic news will be the key for now. Hedge funds and others are increasing their allocation to stocks for the first quarter of next year. It remains to be seen if gold ETF and gold investment demand see significant outflows. At current prices, I am against new very short term investment in gold. Silver use any 100-150 fall (if any) to invest. TODAY: It is wait and watch trade for gold, crude o...Read More

Turkish steel mills made no fresh deep-sea transactions on Tuesday December 17, with prices remaining stable, market sources said.Mills started the week by booking two Baltic Sea cargoes on Monday for February shipment.A steel mill in northern Turkey booked a Baltic Sea cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $299 per tonne cfr, 15,000 tonnes of shredded at $304 per tonne cfr, and 3,5...Read More

Indonesian ferrous scrap buyers are still cautious about purchasing imported cargoes even after state-owned surveyor KSO Sucofindo resumed inspections this week."Some traders are rushing to buy cargoes to supply Indonesian customers again but not all buyers are in the market yet," an industry source in Singapore told Fastmarkets on Tuesday December 17.Negotiations for containerized ferrous scrap i...Read More

Broader markets are generally still upbeat this morning, Tuesday December 17, with equities in Asia following the lead from western markets on Monday, although the metals are for the most part consolidating.The fact the metals are holding on to recent gains is impressive considering Monday's flash purchasing managers' index (PMI) data out across Europe and the United States was generally weak. It...Read More