The London Metal Exchange has launched a consultation process on warehousing reforms that aims to attract higher stock levels, Matthew Chamberlain, LME chief executive, announced on Thursday July 25. The consultation began on Thursday and is open until September 2019. It includes changes to evergreen rent deals and the controversial queue-based rent capping (QBRC) rule as well as the introduction...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down Thursday as investors retreated from disappointing earnings reports. 3M (MMM - Get Report) climbed after posting stronger-than-expected second quarter and affirming its full-year profit guidance. Tesla (TSLA - Get Report) shares tumbled after the company reported a much-wider-than...Read More

Nickel's three-month price on the London Metal Exchange was lower during morning trading on Thursday July 25, selling off by some 3.8% across European trading hours against weak economic data from the region. The metal's three-month price fell to an intra-morning low of $13,995 per tonne in this morning's session, down by just under 4% from Wednesday's closing price of $14,550 per tonne. The...Read More

Bob Moriarty ArchivesJul 25, 2019This fall is going to get exciting. As many others are waking up to the obvious conclusion, the wheels are falling off the world’s financial carriage. I see a general stock market high in August/September followed by a giant liquidity event and a big crash in October. Resource shares may be dragged lower but will be the first to recover as investors rush to t...Read More

The share price surge comes as the silver price strengthens further above US$16 an ounce and the company last week received conditional operating Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to provide an update on the ongoing drilling program on the Hurricane zone at the Larocque East property. Highlights include assay results from drill hole LE19-16A and the intersection of uranium mineralization in drill hole LE19-18C1. The Hurricane zone is located on the Company's 100% owned Larocque East property (the...Read More

Canadian minor metals and specialty chemicals producer 5N Plus has "significantly" reduced the production of bismuth at its refining and recycling facilities and will increase procurement of the material due to low metal prices, the company said on Monday July 22. Until now, 5N Plus has relied on process technologies to extract bismuth from the various residues and secondary streams in its refinin...Read More

Add to stock market bulls' wall of worry a drop in West Coast home prices for the first time in seven years. This is part of a larger trend that saw U.S. home sales down 2.2% compared to a year ago. That's the 16th straight month of annual sales declines, even as mortgage rates have fallen since last October from 4.95% to 3.75%. Some observers profess to be mystified, since the economy appears t...Read More

Turkish steel producers stayed out of the deep-sea scrap market on Thursday July 25 and are expected to remain absent until the end of the week, sources told Fastmarkets.Market participants reported "silence" in the market since a steel mill in the Marmara region of Turkey, bought a mixed cargo from the United States...Read More

(Corrects last paragraph to remove reference to company mininggold)July 25 (Reuters) - Canadian miner Teck Resources Ltdon Thursday reported quarterly profitslightly below analyst estimates, hurt by lower copper and zincprices.The ongoing U.S.-China trade war and slowing macroeconomicoutlook have hurt copper prices and other base metal prices,hurting Teck's income.Production at its steelmaking coa...Read More

There is some optimism in the markets because US-China trade talks are on the agenda again and expectations are running high for dovish talk from the European Central Bank (ECB) at its meeting later on Thursday July 25.Manufacturing purchasing managers' index (PMI) data out on Wednesday was generally negative, apart from a pick-up in Japan's figure.Asian equities are showing strength with China's...Read More

(Updates with closing prices)By Peter HobsonLONDON, July 25 (Reuters) - Nickel prices dived more than 3%on Thursday, its blistering rally unwinding as a sharp slowdownin euro zone factory activity undermined the outlook for metalsdemand.Benchmark nickel on the London Metal Exchange (LME)ended 3.3% down at $14,075 a tonne.The stainless steel ingredient hit $15,115, its highest in ayear, on July 18...Read More

Key data from the Wednesday July 24 pricing session in Shanghai. Key driversThe price of cobalt metal in China is steady so far this week after narrowing upward on July 19 against a backdrop of aggressive speculative buying. But the number of spot trades fell despite active inquiries after investors took a more cautious stance following the increase in prices. Spot availability...Read More

Domestic prices for heavy steel plate have been largely stable across Europe over the past week in the slow market, sources told Fastmarkets this week.Demand will decline further in August due to the traditional market slowdown over the summer period."The market is slow, which is normal at this time of the year," an Italian source said."Mills will try to increase offers [for plate] in Se...Read More

China's hot-rolled coil prices rebounded on Thursday July 25 in line with rising futures bolstered by expectations of stricter production curbs toward the end of the month.DomesticEastern China (Shanghai): 3,840-3,860 yuan ($558-561) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, up 10 yuan per tonnePrices rebounded amid an increase in trading activity in the...Read More

We learned from Ron Netolitzky, President and CEO of MAS Gold Corp. (TXSV-MAS) that they are a Canadian mineral exploration company, focused on exploration projects in Saskatchewan, along the La Ronge Greenstone Belt. MAS Gold's projects include the advanced-stage, high-grade Greywacke deposit with a NI 43-101 compliant resource. With the addition of the Elizabeth Lake VMS deposit and Henry Lake a...Read More

Elizabeth (Erzs?(C)bet) B??thory was a Hungarian countess in the 16th and 17th centuries.Born in 1560 to one of the most powerful and influential families in Hungary, she was the daughter of Baron George B??thory and Baroness Anna B??thory.She was royalty.But that's where the fairy tale ends.As a young child, her life's story would take a dark and brutal turn that's still with us today.In fact, he...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday July 25 that are worth another look.The United States' non-ferrous scrap export market was mixed through May, with year-to-date shipments of aluminium scrap rising while those of copper scrap fell versus the same period last year. Even after US President Donald Trump reduced the Section 232 tariff applied to US imports of Turki...Read More

Even after US President Donald Trump reduced the Section 232 tariff applied to US imports of Turkish steel back to 25%, rebar shipments from that country are unlikely to make a splash in the US market, given declining domestic prices and ongoing geopolitical tensions, Fastmarkets understands. When the decision to cut the previously doubled tariffs in half was announced in late May, sources anticip...Read More

The Brazilian steel association, A??o Brasil, has slashed its forecasts for steel production and consumption in 2019, because of a weak performance in the first half of the year, it said on Thursday July 25.Steel output was now expected to reach 35.55 million tonnes this year, growth of only 0.40% from the 35.41 million tonnes produced in 2018.This compared with the previous expectation for growth...Read More