China's domestic rebar prices picked up some strength on Tuesday April 2 on gains in the futures market and good demand, though export offers fell with mills attempting to secure more orders from abroad. Domestic Eastern China (Shanghai): 3,850-3,900 yuan ($574-581) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,860-3,900 yuan per tonne, up 20 yuan per tonneGains in the futures market...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom....Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More

Physical iron ore prices continued to rise on Tuesday April 2, closing in on $90 per tonne with yet more seaborne supply disruptions reported.MB 62% Fe Iron Ore Index: $89.89 per tonne cfr Qingdao, up $1.20 per tonne. MB 62% Fe Pilbara Blend Fines Index: $89.01 per tonne cfr Qingdao, up $1.20 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $92.14 per tonne cfr Qingdao, up $1.91 per tonne. MB 58%...Read More

The seaborne coking coal market weakened further on Tuesday April 2 after a lower offer emerged on the Global Coal trading platform.A May-laycan cargo of unbranded premium hard coking coal was offered at $195 per tonne fob Australia on the platform, down $5 per tonne from an offer of $200 per tonne fob Australia on Monday, sources told Fastmarkets."There are a lot of [premium mid-vol hard coking c...Read More

BHP has estimated an initial production reduction of 6 million-8 million tonnes of iron ore on a full-capacity basis due to damage caused by a cyclone that hit Western Australia last month.Isolated flooding at BHP's Western Australia Iron Ore (WAIO) site and along sections of the rail line leading into Port Hedland has limited train transportation and other operations at the port, the miner s...Read More

Brazilian iron ore exports dropped by 25.94% year on year in March to their lowest level in six years, according to the country's foreign trade ministry, MDIC.The country exported 22.18 million tonnes of iron ore last month compared with 29.95 million tonnes in the same period last year, MDIC said on Monday April 1.Volumes also fell by 23.33% from 28.93 million tonnes the previous month.The March...Read More

London Metal Exchange base metal prices fell on morning trading on Wednesday April 2 due to longs continuing to sell into yesterday's China-PMI based rally.At $6,443 per tonne, the LME's three-month copper price is down by $27 per tonne against yesterday's 5pm close, while three-month zinc is also lower, by $36 at $2,896 per tonne. Yesterday, cash zinc prices on the LME traded over...Read More

Stable contangoes on the London Metal Exchange helped push the Rotterdam duty-unpaid aluminium premium to its highest since June 28, 2018.Fastmarkets assessed the benchmark Rotterdam P1020 premium at a near 10-month high of $87-97 per tonne Monday April 1, up $2 per tonne from last Friday's assessment of $85-95 per tonne. Multiple deals were reported on Monday at premiums of $90-100 per tonne, whi...Read More

Based on initial research and a consultation among market participants, Fastmarkets proposes to launch a weekly assessment of electrolytic manganese flake, 99.7% basis, fob China, $/tonne. The introduction of the price will expand Fastmarkets' current price coverage for electrolytic manganese flake, which tracks the Chinese manganese flake market on a regular basis. The proposed new assessment wil...Read More

Brazilian miner Vale's revenue from its cobalt business rose in 2018 despite reduced sales thanks to high cobalt prices, according to its production results released on Wednesday March 27. Vale's cobalt sales volumes totaled 4,974 tonnes in 2018, down from 5,013 tonnes a year before. But cobalt revenues were higher year on year at $313 million last year compared with $258 million in 2017. Cobalt p...Read More

The threshold for electric vehicles (EVs) to receive subsidies in 2019 has been increased again while the value of subsidies has been cut sharply, which was expected by the majority of market participants who are now cautiously checking the resulting impact on the battery supply chain.Subsidies for EVs with a driving range below 250km will be phased out after a transitional period between March 26...Read More

Three-month base metals prices on the London Metal Exchange were slightly firmer during morning trading on Tuesday April 2, up by an average of 0.2% but still down from Monday's highs.Nickel once again led the way with a 0.5% rise, this after a 0.9% rise on Monday, with the metal's three-month price recently quoted at $13,180 per tonne, up from Monday's close at $13,115 per tonne.Copper, aluminium...Read More

Since exploration began in August 2017 at its Soledad copper-gold-silver project in Peru, Chakana Copper (TSXV: PERU; US-OTC: CHKKF) has drilled four of 17 confirmed breccia pipes, pinpointed another 12 targets, and tripled its land position in the district to 31 square kilometres.The company drilled 25,200 metres in 94 holes in its first round of exploration at the project, 260 km northwest of Li...Read More

Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More

Saving for retirement with a well-diversified RRSP portfolio will enable your financial goals to come to life under different economic scenarios, as the benefits of diversification work their magic.One sector that is a safe, diversifying anchor in a portfolio is the gold sector.The U.S. dollar is strongly correlated to movements in gold prices. As the U.S. dollar rises, the price of gold falls, as...Read More

The following three TSX index energy stocks have questionable value at the moment from market ratios that are slightly too high to a lack of data that makes inherent value hard to analyze. However, from uranium to big-name utilities, these stocks are worth holding in a portfolio based on other aspects of their data, from strong track records to positive outlooks.Cameco (TSX:CCO)(NYSE:CCJ)This uran...Read More

Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More

The stock market has been rising relentlessly since Christmas, riding on a crest of increasingly bearish economic reports. Maybe the hedge fund algos are anticipating that the Fed will soon start cutting rates. Data indicates foreigners and retail investors are pulling cash from U.S. stocks. This for me implies that the market is being pushed higher by hedge fund computer algos reacting to any bul...Read More

He decided his best recourse would be to wind down its activities and return the funds under management to its investors.Read More