Mar 06, 2020 Guest(s): Lisa Davis CEO, PearTree Securities Canada's flow-through funding program remains the lifeblood for the junior resource sector. According to Lisa Davis, CEO of PearTree Securities, flow-through deals account for about 80% of funds for junior explorers. On the sidelines of the 2020 PDAC mining conference, Davis told Kitco News that the market needs more foreign investment....Read More
Nickel demand from China is likely to decline more than anticipated because of the novel coronavirus (2019-nCoV) outbreak, Nornickel said during its earnings call.But the Russian multi-metal miner - the world's leading nickel producer - said it was too early to quantify the risk posed to business by the virus.Publishing its 2019 financial results report on February 26, Nornickel sai...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Modest outflows of metal failed to support the London Metal Exchange three-month aluminium price on Friday March 6, which closed at $1,685 per tonne after a turnover of more than 15,000 lots. The benchmark three-month aluminium price briefly hit a high of $1,718.50 during trading on Friday, but closed well below the $1,700 per tonne mark despite seeing 6,250 tonnes in fresh cancellations over the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 6.China Chinese domestic spot ferro-silicon price tumbled because both previously existing logistical constraints and supply tightness have eased. Chinese export prices slipped in response to the weaker domestic market. Export demand threat loomed because...Read More
The company posted a full-year loss attributable to shareholders of US$230.4 million, including a $105 million non-cash impairment on the carrying value of Kinsevere's oxide-related assets.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 6. China The UG2 chrome ore price hit its lowest level since April 2016 in its third consecutive week of decline. Spot Chinese ferro-chrome prices steady due to the market awaiting March tender prices from...Read More
Adam HamiltonArchivesMar 06, 2020Stock-market volatility has exploded on COVID-19 fears, shattering the Fed's QE4-fueled levitation. The resulting stunning sentiment shift has left investors and speculators wondering where these wild markets are heading. This is an important time to check the latest fundamentals underlying the big US stocks that dominate market action. They just finished reporting...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 366,17346,44085,359178,134529,145629,666660,944 Change from Prior Reporting Period -23,166-7,034-5,3691,515-23,095-27,020-35,498 Traders 22457835854315168 Small Speculators LongShortOpen Interest 62,31931,041691,985 -13,912-5,434-40,932 non reportable pos...Read More
By: Gary SavageI want to add a quick note on the jobs report. Today's number is important in that if the government tries to fake a good number the market will probably lose all confidence in government statistics and likely react badly. There is no scenario where the number can be good as we have already been feeling the effects of the virus scare for a couple of months. A good number will be...Read More
By: Ira EpsteinRead More
There was an uptick in spot market activity in the week to Friday March 6 after smelters returned to make purchases for second-quarter consumption. Chinese smelters took advantage of rising spot treatment and refining charges (TC/RCs) to snap up significant quantities of concentrate for the second half with TCs settled at a range of high $60s to low $70s per tonne. Trader purchase levels ar...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the minor metals markets and the reasons behind the latest price moves. Read More
The price of ferrous scrap imported into India trended downward this week, with a combination of factors dampening sentiment, sources told Fastmarkets on Friday March 6.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $302.54 per tonne on Friday, down from $305.66 per tonne one week ago.Deals for shredded were heard at $302 and $305 per tonne from UK and...Read More
The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday March 6, marking four weeks of stability but ahead of an uncertain outcome in negotiations for monthly deliveries to British steelmakers from domestic suppliers this month, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter...Read More
The price of austenitic grades of alloy steel scrap in the UK domestic and European import markets moved up this week on higher nickel costs, sources told Fastmarkets on Friday March 6. Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?750-800 (968-1,033) per tonne on Friday, up by ?10-20 per tonne week on week. Fastmarkets' price as...Read More
Nickel demand from China is likely to decline more than anticipated because of the novel coronavirus (2019-nCoV) outbreak, Nornickel said during its earnings call.But the Russian multi-metal miner - the world's leading nickel producer - said it was too early to quantify the risk posed to business by the virus.Publishing its 2019 financial results report on February 26, Nornickel sai...Read More
Without fresh major stimulus announcements, markets have turned risk-off again this morning, Friday March 6. Market participants had been expecting the People's Bank of China to announce some further stimulus after the United States Federal Reserve's emergency 50-basis-point rate cut on Tuesday, but nothing has been forthcoming. The spread and impact of the novel coronavirus (2019-nCoV) across Ita...Read More