The London Metal Exchange tin price has fallen to a four-year low, and the sell-off has prompted somewhat different regional reactions in the week to Tuesday August 27. Europe sees little buying despite low tin prices. Low LME price prompts some US buyers to return Limited arbitrage opportunities keep cif Shanghai tin at $230-250 per tonne European premiums static despite 12% price slump In...Read More
The world's No. 1 cryptocurrency, bitcoin, has enjoyed a very loose relationship with other assets during its brief history, but that could be changing, a recent chart shows. A report from Digital Asset Data illustrates (chart attached) that over the past three months, bitcoin has moved in tandem with gold and has swung inversely to moves in the stock market. That theory may explain why bitcoin B...Read More
An overview of the noble alloys markets and their latest price moves.Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to provide an update on its recently completed summer drilling program on the Hurricane zone at the Larocque East property. Highlights include assay results from drill hole LE19-18C1, intersections of strong radioactivity in LE19-28 and LE19-29, plus the intersection of mineralization on an aggressive 250m step-out to the...Read More
According to the World Economic Forum, the amount of meat in the average North American diet will be impossible to maintain by 2050, if we are to meet our planned sustainable development goals. [1]Trends in the market are showing continued demand for plant-based protein, with companies such as Beyond Meat (NASDAQ:BYND), Impossible Foods, Maple Leaf Foods and so on, offering their own take on nutri...Read More
Cormark Securities was lead underwriter of the offering at $1.06 per unit.Read More
While the ICSID tribunal ruled a $19 million fine imposed by the government in January 2016 was unreasonable and had impaired the company's investment in Colombia, it turned down the $575 million in damages the company sought.Colombia's comptroller revoked Prodeco's contract on the Calenturitas coal mine in Cesar because it believed the company had incorrectly calculated the royalties it should ha...Read More
By: Ira EpsteinHoliday mentality. 18-DMA $1513+ and rising. $1,558 resistance area on Bollinger bands..Read More
An overview of the minor metals markets and their latest price moves.Read More
The study analysed the participation of mining and hydrocarbons extraction on public finances and the economy of the country, as well as their social-environmental impacts.Read More
Turkish steel mills took a break from deep-sea scrap purchasing on Wednesday August 28, after booking a number of cargoes for September delivery over the past week, sources told Fastmarkets.Most recent bookings involved US and UK cargoes sold at $270 per tonne cfr for HMS 1&2 (80:20), dragging the daily indices down by almost $12 per tonne on Tuesday, August 27.But market participants were expecti...Read More
Key data from Fastmarkets' Wednesday August 28 pricing session in Europe. Key drivers The ferro-titanium market price range widened with suppliers reporting deals done at the upper and lower end of the new price range. Suppliers reported increased buying interest, although few deals done. One major deal was reported done to a German consumer. UK producer FE Mottram has yet to restart p...Read More
Currency exchange rates can make or break a steel trade, and with forex volatility in emerging markets expected to continue for the rest of the year, the Asian ferrous markets are likely to see more price fluctuations before the end of 2019.These five currency pairs should be on your watch-list for the significant influences they could bring to bear on key global steel and ferrous scrap trade flow...Read More
With gold prices up at near six-year highs, markets remain nervous on Wednesday August 28 about just how much damage the United States-China trade war is doing and whether it will be reversible before it leads to a global recession. Most base metals prices have fallen to low levels and are failing to get any support while the depressed macro environment dominates. The exceptions are nickel, and to...Read More
Australian lithium spodumene producer Galaxy Resources has bought Alita Resources' debt for $31.1 million, including interest, fees and costs. Alita Resources, also based in Australia, suspended securities trading on August 14 to discuss its debt situation with its consortium of lenders led by Tribeca Investment Partners, Fastmarkets reported earlier. On August 16, Tribeca gave Alita a notice...Read More
What in the hell was OPEC thinking?A good friend and longtime reader asked me this question years ago, on the day we learned that OPEC and Russia were teaming up to bring balance to the oil market.I remember that day well.It was a very chilly morning here in Charm City on December 10, 2016, with temps hitting as low as 25 degrees by the time I rolled into my office.His was the first email in my in...Read More
Granada Gold Mine Inc. (TSXV: GGM) continues to develop the Granada Gold Deposit, located along the prolific Cadillac Trend, near Rouyn-Noranda, Quebec. We learned from Frank Basa, President and CEO of Granada Gold Mine, that they can greatly increase the potential resource at the Granada Property by recovering the low-grade, halo-effect gold mineralization, around the main mineralized veins. The...Read More
Jerome Powell failed to give markets a boost with his Jackson Hole speech. So what is next? We tackle that question in the latest Insights. Our broadcast of the week makes the case for a contrarian's market while our insider of the week is Warren Buffett. Click here to read the latest edition of Insights. Read More
China's domestic hot-rolled coil market shed most of its downward momentum on Wednesday August 28 on higher trading activity, though overseas buyers submitted lower bids for exports of the flat steel product.DomesticEastern China (Shanghai): 3,600-3,610 yuan ($503-504) per tonne, narrowing downward 20 yuan per tonneNorthern China (Tangshan): 3,600-3,620 yuan per tonne, widening upward 20 yuan per...Read More
Currency exchange rates can make or break a steel trade, and with forex volatility in emerging markets expected to continue for the rest of the year, the Asian ferrous markets are likely to see more price fluctuations before the end of 2019.These five currency pairs should be on your watch-list for the significant influences they could bring to bear on key global steel and ferrous scrap trade flow...Read More