"Enbridge Preferreds that are fixed-to-floating have declined in price by about 10% since YTD highs. The decline is caused by the decline in treasury rates and not any fundamental factor related to the company. Read more and get updates on $ENB! https://t.co/y7VHaNfESG #investing"Read full newsRead More
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"#Investors' meetings this week cover #insurance, #tech and #transportation. $LULU and $WORK are interesting #earningsreports this week. Want to be prepared for the week's key events? Tune into #Stocks to Watch. https://t.co/E74MgnHlA5 #hurricanedorian #trading #trade #slack"Read full newsRead More
"Precious Metals Weekly Round-up: The precious metals were steady on Friday, with gold and palladium going head-to-head as both metal's were trading above US$1,500 per ounce. Get the highlights of the past trading week at https://t.co/ekjP3vykkC #gold #silver #palladium #investing"Read full newsRead More
In 2019, the age-old aphorism, 'All that glitters' certainly holds true for gold. For the year-to-date, the world's most treasured safe-haven asset has appreciated from a steady level of $1300 per troy ounce in January to its current trading levels of over $1500. In percentage terms, this translates into a 15% appreciation, at a time where tremendous uncertainty has engulfed global equities market...Read More
In 2019, the age-old aphorism, 'All that glitters' certainly holds true for gold. For the year-to-date, the world's most treasured safe-haven asset has appreciated from a steady level of $1300 per troy ounce in January to its current trading levels of over $1500. In percentage terms, this translates into a 15% appreciation, at a time where tremendous uncertainty has engulfed global equities market...Read More
Treatment charges for zinc and lead (TCs) rose in August with the arbitrage to bring material into China switching markedly to a negative value.TCs for lead concentrates in particular rose sharply, to levels not seen in the past two years. The arbitrage loss to bring refined lead into China hit 1,100-2,300 yuan ($154-321) per tonne at the end of the month, with the futures price rising on the Lond...Read More
The three-month nickel price on the London Metal Exchange closed higher on Monday September 2, just above the $18,000 per tonne level, despite losing 4% of morning gains, while tin's outright price also failed to maintain upward momentum. Volumes traded in nickel topped the complex over the afternoon, with just under 15,000 lots changing hands by the close, while turnover in tin reached 900 lots b...Read More
The ample availability of stock and poor demand for aluminium in Asia have led market participants to expect a downtrend for fourth quarter main Japan ports (MJP) premiums, Fastmarkets heard on Monday September 2.Widely considered Asia's main benchmark price level, Fastmarkets assessed the aluminium P1020A MJP spot premium, cif Japan at $85-95 per tonne on Friday August 30, flat for the third cons...Read More
Treatment charges for zinc and lead (TCs) rose in August with the arbitrage to bring material into China switching markedly to a negative value.TCs for lead concentrates in particular rose sharply, to levels not seen in the past two years. The arbitrage loss to bring refined lead into China hit 1,100-2,300 yuan ($154-321) per tonne at the end of the month, with the futures price rising on the Lond...Read More
Key data from the pricing sessions in London and Shanghai in the week ended Friday August 30. China Key drivers China's ammonium paratungstate (APT) export market was kept stable over the past week by limited spot trading.The announcement of the auction of all APT stocks held by the collapsed Fanya Metal Exchange is adding to already bearish sentiment in the market in China and Europe. ...Read More
It said it would also use the proceeds for working capital, corporate overhead, general and administrative purposes and to repay amounts owing pursuant to outstanding debentures.Read More
"I am pleased to report on a year of highs and lows, but one in which we achieved both revenue and profit growth," said Sylvania chief executive Terry McConnachie.Sylvania managed to increase FY19 net profit to US$18.2 million, up 66% on the previous year - despite producing 72,090oz versus the planned 76,000-78,000oz.The company's revenue was up 12% year-on-year in the 12 months to June 30,...Read More
Norwegian aluminium producer Norsk Hydro and the Brazilian federal prosecutors' office (MPF) have filed a joint petition to remove the embargoes on Alunorte's new bauxite residue deposit area. The petition has been sent to the Federal Court in Bel?(C)m, Brazil, who put an embargo in place at the Alunorte alumina refinery on March 1, 2018, to suspend the use of the solid waste deposit 2 (DRS2). Emb...Read More
Key data from the Friday August 30 pricing session in Shanghai and London. Key driversCobalt hydroxide payables rose in the second half of August following news that Glencore will close its copper-cobalt Muntanda mine by the end of this year.Demand increased when consumers intended to secure units before the hydroxide price...Read More
Key data from the pricing sessions in London and Shanghai in the week ended Friday August 30. China Key drivers The Chinese export silicon price moved up for the second consecutive week in response to tight supply in domestic market due to increased buying from Chinese secondary aluminum alloy producers who are ramping up production before China's National Day holiday (October 1-7) when prod...Read More
The Turkish steel producers have started the week quietly, and have not booked any new deep-sea scrap cargoes despite a heavy drop in prices last week, sources said on Monday September 2.The markets have been silent since August 27, when prices dropped by $11.55 per tonne day on day on news of the latest trades.Since then, however, traders have stepped back...Read More
Domestic prices for auto bundle steel scrap and shipbreaking scrap in Turkey have decreased because of poor demand, sources said on Monday September 2.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,520-1,770 ($260-303) per tonne on September 2, widening downward from last week's TRY1,580-1,770 per tonne.A number of steel mills have dec...Read More
Fastmarkets proposes to discontinue five of its precious metals prices to focus attention on our core markets. The prices being proposed for discontinuation are as follows:Platinum min 99.9% Europe Free Market $ per troy oz in warehousePalladium min 99.9% Europe Free Market $ per troy oz in warehouseRhodium min 99.9% Europe Free Market $ per troy oz in warehouseIridium ingot min 99.9% Europe Free...Read More
While nickel is in the spotlight, the rest of the base metals are still being pulled and pushed by the combination of higher tariffs on US imports of Chinese goods and China's plans to support its economy with further spending on infrastructure.Chinese manufacturing data also showed mixed results with the official purchasing managers index (PMI) falling to 49.5 from 49.7, while the Caixin manufact...Read More