The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid-19 pandemic. For producers of energy-intensive metals like aluminium, and in particular the low-cost ones, the benefit is even greater. It's an emerging trend that is starting to be reflected in the earnings of corporates in...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: 'Sell the rally' mentality here to stayAlthough the London Metal Exchange aluminium price has managed to recover modestly from recent lows, we suspect this is mostly short-covering. The lack of producer restraint, growing exchange inventories, a weak demand outlook and the 7 million tonnes of oversupply forecast f...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More
The Dow Jones Industrial Average fell 0.22%, or 51.58 points, to 23,723.69, and the S&P 500 dropped 0.21%, or 6.03 points, to finish the trading week at 2,830.71. Spot gold finished US$26.60 per oz. lower at US$1,702.90 per oz., a 1.54% drop.Vale was the most heavily traded stock of the week, finishing up US31 ? at US$7.98. The company said it will resume dry processing operations at the Timbopeba...Read More
"Those planes that are coming in from Iran that are bringing things for the oil industry are returning with the payments for those things: gold,"Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
"$SNDR - Schneider National, Inc. (SNDR) CEO Mark Rourke on Q1 2020 Results - Earnings Call Transcript. https://t.co/Pr2bdXvtWc #markets #stockmarket #investing"Read full newsRead More
"$WSG - Wanda Sports Group Company Limited (WSG) CEO Hengming Yang on Q4 2019 Results - Earnings Call Transcript. https://t.co/UgUqafb4Ja #finance #economy #investing"Read full newsRead More
"Nexus Gold (@NexusGoldCorp) (#TSXV: $NXS | #OTC: $NXXGF) Contracts Driller for McKenzie #Gold Project, Red Lake, Ontario [https://t.co/uYzFBDGe9W]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #resources #miningstocks #miningrocks"Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
Investors are having to navigate a fast-moving economic meltdown right now. The rallies are hiding a potential bear pit full of broken businesses and wrecked portfolios. However, some pundits have been going so far as to use the word recovery when speaking of the recent rallies. But the pain is not over yet. Indeed, with the recourse to economic stimuli quickly running out, a bigger storm cou...Read More
Barrick Gold Corp (TSX:ABX)(NYSE:GOLD) was already one of the largest gold stocks in the world. Thanks to the market rally, its valuation is now 85% higher. The rise happened in a matter of weeks.This is an exciting opportunity. During times of turbulence, particularly severe bear markets, gold has been a fantastic investment. With federal governments running their printers non-stop, this precious...Read More
Analysts everywhere announced a market rally as soon as it was feasibly possible. Any hope at all during this damaging time is music to investors’ ears. Now, investors have two worries. One, that they missed the market bottom, and it’s too late to invest. Second, that another drop could happen, so it might be better to keep cash instead of investing to avoid market volatility.It’...Read More
The Antamina mine in Peru is one of the largest copper/zinc operations in the world. It halted activities in mid-April. (Image courtesy of Teck Resources). Through supreme decree N ? 080-2020-PCM, the Peruvian government authorized mining operators to resume activities as of May 2, 2020. According to the decree, miners are allowed to exploit, refine, store and transport minerals and metals, as w...Read More
Electric vehicle. (Reference image by FirstEnergy Corp., Flickr). The executive director of the International Energy Agency (IEA), Fatih Birol, said that the turmoil in the oil sector caused by the covid-19 pandemic gives governments the perfect opportunity to embrace green energy as a source of jobs that also serves climate goals.In an interview with Reuters, Birol said that not only well-establ...Read More
Charger for electronic devices. (Reference image from Pxfuel). Researchers at the Korea Institute of Science and Technology have developed a high-capacity lithium-ion battery that is flexible enough to be stretched. Led by senior researcher Jeong Gon Son, the team created an accordion-like micro-structure, which gives structural stretchability to non-stretchable materials, and thus constructed a...Read More
Brucejack mine, British Columbia. Image from Pretium Resources. Pretium Resources (TSX/NYSE:PVG) announced adjusted earnings of $25.9 million, or 14 cents per share, in Q1 2020 up from $16.5 million, or 9 cents, in the same period of 2019. The company, which operates the Brucejack Mine in British Columbia, listed net earnings were $6.2 million, or 3 cents, compared to $4.2 million, or 2 cents,...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More