An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More
A summary of miner-producer China Molybdenum Co's (CMOC) annual report filed on Shanghai Stock Exchange on March 30. In brief Revenue for mining and processing section totaled 19.2 billion yuan ($2.7 billion) in 2019, down 24.65% year on year. The weak performance of the mining sector was mainly attributed to...Read More
Eurofer has requested an immediate reduction of 75% in EU safeguard quotas for imported steel to to support European industry during the crisis caused by the Covid-19 pandemic."Reflecting the unprecedented implosion of the European steel market, the current quota levels need to be drastically reduced immediately for a period of six months, and by about 75% to align them with the devastating situat...Read More
Key data from Fastmarkets' pricing sessions in Europe, Shanghai and the United States in the week to Friday April 3. United States The US ferro-silicon market continued to surge, supported by a limited availability of inventory for the spot...Read More
European steelmakers have been reducing output and temporarily idling equipment due to the poor demand caused by lockdowns and quarantine measures implemented across Europe intended to prevent the spread of Covid-19.Of particular importance has been the closure of a large number of automotive manufacturers. Carmakers in Europe and the UK have extended their previously announced production suspensi...Read More
Increased exports of aluminium scrap from the United States pushed total monthly nonferrous scrap exports higher in February 2020.Aluminium products were the only nonferrous metallic grade to exhibit growth in January-February, while nickel volumes, which fell by 20.6% to 2,751 tons, experienced the greatest drop.US nonferrous scrap exports totaled 237,724 tons in February, up 1.6% from 233,8...Read More
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the company's administrative offices in Kuala Kencana, a lowlands company town 60 km from its Grasberg mine in the highlands."Security has been increased in the area, and government security forces are actively working to apprehend t...Read More
The GFMS team at Refinitiv recently published its latest findings on the global silver market, highlighting the shift in supply and demand over the course of 2019 and provided provisional supply and demand estimates for 2020. The market faced some significant challenges last year, but 2020 is shaping up to be one of the toughest in a generation. Forecast numbers, finalized in early March, may now...Read More
Brazil has ordered the immediate closure of 47 mining dams that failed to certify their stability, with more than half of them belonging to Vale (NYSE: VALE), whose C??rrego do Feij??o iron ore mine's tailings suffered a catastrophic failure in January last year, killing at least 270 people.The deadly incident, the second dam collapse in a Vale mine in less than four years, led to serious producti...Read More
Demand for ferrous scrap in key import markets Taiwan and Vietnam was weaker this week due to major holidays in these regions, while social distancing measures implemented in Vietnam also resulted in less downstream activity.More clarity is expected next week when both importers return fully to the market. Participants are also watching for new price trends in key market Turkey.VietnamFastmarkets'...Read More
April 01, 2020 (ACCESSWIRE via COMTEX) --CORAL GABLES, FL / ACCESSWIRE / April 1, 2020 / The top website for all things gold stocks, GoldStocks.com just...Read full newsRead More
Kirkland Lake Gold Ltd (TSX:KL)(NYSE:KL) is one of the best gold stocks in history. It's a perfect buy during the market crash. The post This Gold Stock Can Protect You From the Market Crash appeared first on The Motley Fool Canada.Read full newsRead More
University of Pittsburgh School of Medicine scientists announced a potential vaccine against SARS-CoV-2, the new coronavirus causing the COVID-19 pandemic. When tested in mice, the vaccine, delivered through a fingertip-sized patch, produces antibodies specific to SARS-CoV-2 at quantities thought to be sufficient for neutralizing the virus.Read full newsRead More
"CEO Interview - Thunderstruck Resources CEO Bryce Bradley: JOGMEC Partnership Protects Us from Market Fluctuations. Watch the full interview at https://t.co/QaNM8OAK3t @AWETSXV #Zinc #Copper #Silver #Gold https://t.co/1jUlspFBtn"Read full newsRead More
The junior mining space appears to be out of favour with the new generation of investors, particularly in Canada. Many young Canadian investors prefer to put the risky piece of their portfolio to work in the technology sector. But I think this mining sub-sector is worth a look.In early March, the PDAC show (the largest mining show in Canada) highlighted many of the great junior mining companies ba...Read More
Everything will be fine. We'll all be back at work and filling up stadiums and paying for $10 beers to distract us soon. The Fed and the government got this! Whether it's unlimited bond purchases, buying ETFs, or heck, even taking direct ownership in companies, I have total confidence in the Federal Reserve to fix this crisis immediately and get us back to full employment. What's a few more tr...Read More
There’s one way for long-term investors to play the crashing market right now: keep buying top TSX stocks. There are some high-quality names selling for peanuts right now. Whether you have $5,000 or $1,000 to spend on your stock portfolio this month, here are five of the best Canadian stocks to build a position in.The best Canadian stocks are crash resistantWith Fortis, you have the stabilit...Read More
Broader indexes are trading 25% below record highs, wiping off billions in investor wealth. The COVID-19 pandemic has led to widespread panic among investors due to a significant decline in consumer spending that might drive global economies into recession.I have identified three TSX stocks that can be considered by a risk-averse investor in a market that is expected to be volatile in the near ter...Read More
Global disasters and pandemics have a way of testing and changing people. They bring out the best in some people and worst in others. This social behaviour might not be relevant to us Fools, but situations like these also get people to make some pretty massive mistakes. Some investors sell the bulk of their holdings, wiping the slate clean over years of capital growth.Whether you are one of the in...Read More
A strong cash flow and a decent cash reserve are essential for any business. They offer companies a safety net to fall back on if the regular operations are derailed, or if the broad market suffers due to unprecedented circumstances. A cash reserve can help a company keep the lights on, even when no cash is flowing in from normal operational activities.This is a lesson most companies are learning...Read More