Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January.Total holdings have not been this high since March 2013.Total holdings in global gold-backed ETFs finished $100.6 billion in 2018.By SchiffGold Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January. Globally, ETFs added 72 tons of the yellow metal to their holdings last month...Read More
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.Read full newsRead More
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.Read full newsRead More
"$BBT - BB&T's (BBT) CEO Kelly King on BB&T and SunTrust announce a Transformational Merger of Equals to Create The Premier Financial Institution - Transcript https://t.co/I69P9SaWGj"Read full newsRead More
After the market rout in late 2018, our Market Maps report for January showed a strong rebound in a wide range of risk-on assets.The rise was almost a mirror image of December's falls.But one anomaly in the abrupt change from risk-off to risk-on was gold.By Philip Lawlor, managing director, global markets research After the market rout in late 2018, our Market Maps report for January showed a...Read More
"Great Southern Mining (ASX:GSN) has identified a large copper-gold porphyry system at its Edinburgh Park project in Queensland. https://t.co/6QW3VOjQNS #GreatSouthernMining #copper #gold #australia #investing #INN"Read full newsRead More
"CEO Interview - Golden Predator CEO Janet Lee-Sheriff: First Nation Community Engagement Key to Project Success https://t.co/8Stjwvzjmf @GPY_3Aces #JanetLeeSheriff #preciousmetals #gold #yukon #investing #INN"Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled Thursday on concerns over slowing global growth and chances for a U.S.-China trade deal.SunTrust Banks Inc. (STI) and BB&T Corp. (BBT) agreed to merge in a $66 billion all-stock deal that will create the sixth-biggest commercial bank in the United States.Twitter Inc. (TWTR)...Read More
Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Thursday February 7, with low volumes and limited buying interest due to the Lunar New Year public holiday in China, while the strength of the US dollar deterred investment.Aluminium futures continued to trade against positive fundamentals in the day's trading, falling below the support level of $1,9...Read More
Comex copper prices rallied for the third straight session on Thursday February 7 with the market growing more optimistic on the red metal's prospects through the first quarter. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.05 cents to $2.8470 per lb. Market activity remains stunted with Chinese participants sidelined due to the Lunar New...Read More
Fastmarkets is proposing to amend its weekly London Metal Exchange warrant premiums coverage across the entire base metals asset class. As part of the proposal, Fastmarkets intends to move the publication date for its LME warrant premiums to Wednesday 3-4pm London time from Tuesdays 3-4pm currently. In addition, Fastmarkets proposes to publish a new LME warrant premiums table separate from the mai...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday February 7 that are worth another look.A group of lawmakers in the United States introduced legislation that would require the US Department of Defense to justify the national security basis for new tariffs under Section 232 and increase congressional oversight of that process. Producer Norsk Hydro's underlying operat...Read More
Producer Norsk Hydro's underlying operating profit dropped almost 85% in the fourth quarter due to the effects of its production curtailment at its Brazilian alumina refinery, Alunorte. In its biggest quarterly loss since 2015, the company's underlying earnings before financial items and tax (Ebit) decreased to NOK 534 million ($62.32 million) in the fourth quarter, down from NOK 3,555 million ($4...Read More
The daily indices of prices for Turkish deep-sea scrap imports went down by $1 per tonne on Thursday February 7 after another cargo was booked from the United States, sources have told Fastmarkets.The recent trend remains positive, however, after a $9 per tonne jump earlier in the week, boosted by strong sales of billet and rebar in Turkey.In the latest deal, a steel mill in the Samsun region book...Read More
Comex copper prices rallied for the third straight session on Thursday February 7 with the market growing more optimistic on the red metal's prospects through the first quarter. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.05 cents to $2.8470 per lb. Market activity remains stunted with Chinese participants sidelined due to the Lunar New...Read More
ArcelorMittal Europe's fourth-quarter earnings declined by 13% year on year in 2018 on "lower steel shipment volumes," the company said on Thursday February 7.Earnings before interest, taxes, depreciation and amortization (Ebitda) at ArcelorMittal Europe dropped to $749 million in the October-December quarter, down from an Ebitda of $861 million in the corresponding period in 2017. The compan...Read More
Domestic prices for hot-rolled coil (HRC) in Europe should increase on the back of support from rising import prices as well as buyers' restocking, sources told Fastmarkets.European steelmakers have already increased official offers, starting with ArcelorMittal pushing offers up by ?,?30 ($34) per tonne at the end of last week."The buyers are in 'wait-and-see' mode until Chinese mills return from...Read More
Apparent steel consumption in Brazil is expected to grow by 3.50-4.50% during 2019, ArcelorMittal said in its earnings report for the fourth quarter of 2018, published on Thursday February 7. This rate compared with a 7.30% increase reported in 2018.The company, which is the largest steelmaker in the world, believes that the country's automotive and machinery industries will show slower growth dur...Read More
Turkish export rebar and wire rod prices have soared in the first week of February following the surge in import scrap costs in the country.The price for imported scrap increased on tight supply, low stocks and high collection costs because of the winter weather.The Fastmarkets MB daily ferrous scrap HMS 1&2 (80:20) index for material in North...Read More
Steel billet import prices in Egypt increased this week with deals being agreed at higher levels, sources told Fastmarkets on Thursday February 7.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $460-470 per tonne cfr on Thursday, rising from $450-455 per tonne cfr last week.Billet producers in the CIS were offering material to Egypt at $470-480 per tonne cfr. This com...Read More