Recent News

How Legal Marijuana Could Deliver +10,000% Returns

March 01, 2019 / www.schaeffersresearch.com

The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More

Dozens of People Have Been Buried After an Unlicensed Gold Mine Collapsed in Indonesia

March 01, 2019 / dlvr.it

As many as 60 people are buried, a local disaster official saidRead full newsRead More

Mining the moon ready to lift off by 2025

March 01, 2019 / www.mining.com

European scientists have announced plans to start mining the moon as early as 2025, though what they'll be extracting is neither gold nor diamonds, but waste-free nuclear energy thought to be worth trillions of dollars.The goal is to place a lander on the lunar surface to mine and process regolith for water, oxygen, metals and an isotope called helium-3, which may prove useful for fueling future...Read More

Will An Economic Slowdown Be Good For Gold?

March 01, 2019 / seekingalpha.com

Since the summer of 2013, gold has largely remained in a tight price channel between 1,100 and 1,380.It also couldn't get any traction to the upside because the Fed was the least dovish of the world's big three central banks and the dollar was strong on a relative basis.The best case for gold would be if the Fed moved toward easing solely because of a weakening U.S. economy.By Jim Iuorio A...Read More

$ATAX - America First Multifamily Investors, L.P (ATAX) CEO Chad Daffer on Q4 2018 Results - Earnings Call Transcri...

March 01, 2019 / twitter.com

"$ATAX - America First Multifamily Investors, L.P (ATAX) CEO Chad Daffer on Q4 2018 Results - Earnings Call Transcript https://t.co/YZdbGvvep7"Read full newsRead More

$ABEV - Ambev - Companhia de Bebidas das Americas (ABEV) CEO Bernardo Paiva on Q4 2018 Results - Earnings Call Tran...

March 01, 2019 / twitter.com

"$ABEV - Ambev - Companhia de Bebidas das Americas (ABEV) CEO Bernardo Paiva on Q4 2018 Results - Earnings Call Transcript https://t.co/QUAdeuBn9P"Read full newsRead More

Dozens of People Have Been Buried After an Unlicensed Gold Mine Collapsed in Indonesia

March 01, 2019 / dlvr.it

As many as 60 people are buried, a local disaster official saidRead full newsRead More

Indonesia says scores missing after illegal gold mine collapses

March 01, 2019 / dlvr.it

Indonesian authorities on Wednesday ramped up efforts to find 37 people feared b...Read full newsRead More

Dow Ends Lower as Stocks Slide on Slowing Growth - TheStreet

March 01, 2019 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower Thursday after U.S. economic growth slowed in the fourth quarter.J.C. Penney (JCP) posted stronger-than-expected fourth-quarter earnings and said it expects to be free-cash-flow positive in the coming year. The stock jumped 23.4%.Square (SQ)  rose 2.5% Thursday after the dig...Read More

LIVE FUTURES REPORT 28/02: Low volumes cap mixed LME base metals, Zn, Pb continue uptrend

March 01, 2019 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 28, with low volumes and narrow trading ranges coming amid a slight uptick in the US dollar index, while continued US-China trade optimism came up against slower than expected US economic growth. Climbing furthest over the afternoon, zinc's three-month price climbed more than 1% during afternoon...Read More

LIVE FUTURES REPORT 28/02: Comex copper price suffers from weak Chinese data

March 01, 2019 / www.metalbulletin.com

The Comex copper price was lower in the US morning on Thursday February 28 after soft Chinese manufacturing data dampened sentiment for the metal. The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched down 0.45 cents to $2.9580 per lb. Overnight, China's manufacturing and non-manufacturing PMIs for February both disappointed at 49.2 and 54.3 respect...Read More

HKEX notes LME volumes' 'strong growth' in 2018 earnings; unveils strategic plan

March 01, 2019 / www.metalbulletin.com

Hong Kong Exchanges and Clearing (HKEX), owner of the London Metal Exchange, filed its 2018 earnings this week, reporting record LME volumes amid a 26% climb in profit after tax, while its forward-looking strategy earmarks asset diversification in its aim to become a global market leader.In its financial statement for 2018, the exchange operator recorded a revenue increase of 20% year on year at H...Read More

IN CASE YOU MISSED IT: 5 key stories from February 28

March 01, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Thursday February 28 that are worth another look.Hong Kong Exchanges and Clearing, owner of the London Metal Exchange, filed its 2018 earnings this week, reporting record LME volumes amid a 26% climb in profit after tax, while its forward-looking strategy earmarks asset diversification in its aim to become a global market leader.Th...Read More

Chilean copper output down 4.5% in January, INE says

March 01, 2019 / www.metalbulletin.com

Chile's copper production fell in January as the contained copper in each mined tonne diminished - as well as the refining output altogether - during the month, national statistics institute INE said on Thursday February 28.Output for the month totaled 460,064 tonnes of cathodes, concentrates and blister. This was down by 4.5% from 481,587 tonnes in the corresponding month a year before, and down...Read More

China's domestic stainless steel prices edge up amid bullish sentiment

March 01, 2019 / www.metalbulletin.com

Domestic stainless steel prices in China edged up further over the past week amid market participants' optimistic outlook.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,100 yuan ($2,197-2,257) per tonne including value-added tax for the week ended Wednesday February 27, widening upward by 100 yuan per tonne from 14,...Read More

Consumers on sidelines of cobalt sulfate, tetroxide market, wary of falling global prices

March 01, 2019 / www.metalbulletin.com

Chinese battery materials producers, who are the largest consumers of cobalt sulfate and cobalt tetroxide, have hesitated in purchasing any cobalt salts this week amid rapid falling international cobalt metal prices.The resulting thin buying appetites have forced suppliers to lower their spot offer prices to facilitate sales. Fastmarkets assessed the Chinese cobalt sulfate, basis 20.5% Co market p...Read More

Trade log February 2019: Cobalt sulfate

March 01, 2019 / www.metalbulletin.com

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis.Fastmarkets MB prices Click here for Fastmarket MB's price assessment for coba...Read More

DAILY SCRAP REPORT: New US deal sends indices down by almost $2 per tonne

March 01, 2019 / www.metalbulletin.com

Turkish deep-sea scrap prices showed a very slight decrease with the news of a fresh US cargo heard on Thursday February 28.A steel mill in the Izmir region booked a US cargo, comprising 10,000 tonnes of HMS 1&2 (80:20) at $313 per tonne, 10,000 tonnes of shredded at $318 per tonne...Read More

LIVE FUTURES REPORT 28/02: Comex copper price suffers from weak Chinese data

March 01, 2019 / www.metalbulletin.com

The Comex copper price was lower in the US morning on Thursday February 28 after soft Chinese manufacturing data dampened sentiment for the metal. The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched down 0.45 cents to $2.9580 per lb. Overnight, China's manufacturing and non-manufacturing PMIs for February both disappointed at 49.2 and 54.3 respect...Read More

METALS MORNING VIEW 28/02: Metals prices consolidate as poor Chinese PMI data weighs on sentiment

March 01, 2019 / www.metalbulletin.com

A drop in China's manufacturing purchasing managers' index (PMI) to 49.2 in February, from 49.5 in January, has set a weaker tone across markets with base metals traded on the London Metal Exchange mostly lower and down by an average of 0.3% in the morning of Thursday February 28. Copper and zinc prices led on the downside with losses of 0.7%, with copper recently quoted at $6,473 per tonne after...Read More

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