It has been a hectic couple of years for LME chief executive officer Matthew Chamberlain, his teams and members while the exchange works through the comprehensive list of plans and actions in its Strategic Pathway.Regardless of the actual volume of activity under way in an organization, there is a tendency for most chiefs to convey a sense of constant, restless dynamism focused on an endless desir...Read More

Weak data out of the United States, on top of generally weak data globally, is keeping most markets rangebound and the focus today will be on the US employment report. A weak number could give equities a boost as it would suggest easier monetary policy, but weak data does not bode well for manufacturing. In addition, the metals are likely to now start to focus on next week's US-China trade talks -...Read More

THUNDER BAY - Ontario's government is supporting the delivery of important charter aviation transportation services in Northern Ontario.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Wisk Air is receiving $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to purchase a Bell 412 helicopter. The investment will go towards improving helicopt...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

Ontario's government is working for the people of North Bay by helping local businesses retain jobs and create new employment opportunities.Today, Vic Fedeli, MPP for Nipissing, announced the City of North Bay will receive $42,000 to develop a business retention and expansion program. "Our government is committed to supporting communities like North Bay in identifying opportunities for economic gr...Read More

In 2017, the United States became a net exporter of natural gas for the first time since the late 1950s. And last year, American natural gas exports totaled 3.61 trillion cubic feet (Tcf) - the highest on record.70% of those exports left the country through pipelines. That's down from 98% in 2012.And the reason for that is the same reason for record natural gas production and exports: liquefied na...Read More

The tonnages of cobalt available on the spot market grew substantially through the first three quarters of 2019, after an aggressive mating season at the end of 2018 left volumes uncommitted to annual contracts.Nearly 5,500 tonnes of fixed-price, spot cobalt metal business was reported to Fastmarkets' benchmark cobalt price discovery in the first nine months of 2019, up by 91.8% year-on-year.The i...Read More

Turkish prices for hot-dipped galvanized coil (HDG) and pre-painted galvanized iron (PPGI) fell in the week to Friday October 4, with demand remaining weak, sources have told Fastmarkets.Prices for hot-rolled coil, the base product for coated coil, have been coming down recently, and coated coil prices were expected to follow soon.Domestic pricesDemand in the country's local market was poor over t...Read More

Turkish prices for hot-rolled and cold-rolled coil (HRC, CRC) have continued to fall over the past week on low demand, sources told Fastmarkets on Friday October 4.Demand was unlikely to improve in the coming weeks because of the current weak prices for steel and raw materials, Fastmarkets heard.HRC exportsFastmarkets' weekly price assessment for steel HRC, export, fob main port Turkey, was $420-4...Read More

Here is what's new today on INK Ultra Money. Exisiting Canadian Insider Club members can get subscriber content by upgrading for the special rate of $99.99 per year (plus tax) via the Membership tab after logging in.1. Jim Rogers on China: Challenge & Opportunity - Real Vision (subscriber video)Jim Rogers has been fascinated by China since he drove his motorcycle across the country in the 1990s....Read More

The latest Insights newsletter draws on our subscriber content from September 30th which points to a fall of worry. In the broadcast of the week, INK CEO Ted Dixon discusses the outlook for Canadian stocks with a focus on the Telecom sector. Our Insider of the Week just enjoyed a big pay day, along with shareholders in his real estate firm. Click here to read Will optimism win out? Read More

Here is what's new today on INK Ultra Money. INK Research subscribers have access to both premium and free content. If you are asked to sign in, select INK Research as your subscription website.1. China Slowdown: A Risk to the 'Asian Century'? - Real Vision (Subscriber content)Will gathering headwinds in China force the Asian superpower into recession - and could a Chinese downturn snowball into...Read More

The latest attempt by steel mills in Brazil to impose an increase in the domestic price of rebar has managed to stop a previous freefall seen in late September, although the rise that was implemented was smaller than was intended, Fastmarkets heard on Friday October 4.Fastmarkets' latest price assessment for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, was 2,165-2,300 Reais...Read More

Domestic rebar prices in Poland have decreased over the past week because of the expected fall in scrap prices this month, sources told Fastmarkets on Friday October 4.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,960-2,000 zloty ($495-505) per tonne on October 4, down by 80-100 zloty per tonne over the week from 2,060-2,080 zloty per tonne.The...Read More

Ferrous scrap prices continued on a downtrend in the week ended Friday October 4 on pervasive weak sentiment throughout key markets. The global demand for downstream finished steel remained poor, and steel mills continued to buy scrap cargoes at lower prices. Turkey prices drop toward end of week US sellers offload two cargoes to Turkey Asian buyers get cargoes via bargain-hunting India import pri...Read More

The recovery seen earlier this week in Turkish deep-sea scrap import prices was short-lived and they went down to their previous levels in the latest transactions heard on Friday October 4.A Turkish steel mill in the Marmara region booked a UK cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne cfr.Another steel mill in the Izmir region booked a US cargo at $228.50 per tonne cf...Read More

Prices in the UK and mainland Europe alloy steel scrap markets were unchanged this week because of an almost complete lack of buying interest, sources told Fastmarkets on Friday October 4. Demand from European stainless steel mills is extremely low, traders said, because of weak demand globally for stainless steel that has led mills to reduce their production rates. With mills producing less stain...Read More

The CIS export billet market started to show signs of a rebound by the end of the first week of this month, with producers unwilling to cut prices any further because they were on the verge of making losses, Fastmarkets heard on Friday October 4.Some mills have already announced that they plan to stop, or to continue to idle, some of their capacities because of the market conditions.In particular,...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,80053,80758,499163,050466,738544,349579,044 Change from Prior Reporting Period -47,593-4,142-2,990-535-41,992-51,118-49,124 Traders 20571845552288183 Small Speculators LongShortOpen Interest 60,53625,841604,885 -2,941-4,935-54,059 non...Read More

The gold miners' stocks are correcting. They've been sliding and drifting lower on balance since their powerful recent upleg peaked a month ago. Corrections are normal and healthy in ongoing bull markets, rebalancing sentiment to pave the way for the next upleg. They also offer the best buy-low opportunities seen inside secular uptrends. Deploying capital in gold stocks after corrections...Read More