BHP expects iron ore demand in 2019 to remain at levels similar to last year despite uncertainties over short-term supply, it said on Tuesday February 19."Firm pig iron production" and unexpected iron ore supply disruptions had resulted in prices for the steelmaking raw material "performing strongly" during the six months to December, the miner noted in its half-year report.The Fastmarkets MB 62%...Read More
Ferrous futures in China registered mild movements during Asian morning trading on Tuesday February 19, ending the session slightly below their opening prices amid a cloudy outlook due to supply disruptions upstream.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,673 yuan ($543) per tonne, down 12 yuan per tonne May hot-rolled coil: 3,664 yuan per tonne, down 5 yuan...Read More
Aluminium's three-month price on the London Metal Exchange was little changed during morning trading on Tuesday February 19, with continued volatility in stock flows across LME-listed Malaysian warehouses doing little to jolt the metal's stagnant price action.Three-month aluminium has failed to trade above $2,000 per tonne since October 2018 and has consolidated in thin ranges around $1,850 per to...Read More
China's hot-rolled coil exporters stuck with their high prices on Tuesday February 19 amid optimism for the domestic market on an expected recovery in demand.DomesticEastern China (Shanghai): 3,750-3,780 yuan ($554-558) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,710-3,720 yuan per tonne, up 10 yuan per tonnePrices continued to rebound during the day with demand in Shanghai stren...Read More
Buoyant manganese ore prices and strong demand have enabled Africa-focused Jupiter Mines to announce a 24% dividend yield on its shares in its first year of being listed on the Australian Stock Exchange (ASX).For its financial year ending February 28, 2019, Jupiter Mines will pay a dividend of A$0.025 ($0.017) per share on May 21, the company announced on Tuesday February 19, days after revea...Read More
The three-month base metals prices traded on the London Metal Exchange were mixed and little changed on the morning of Tuesday February 19.Zinc led the decline with a 0.3% drop to $2,635 per tonne from $2,643.50 per tonne at Monday's close, followed by nickel that was down by 0.2% at $12,440 per tonne from $12,465 per tonne, while aluminium was up by 0.2% at $1,858 per tonne from $1,854 per tonne....Read More
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Brandon Gomes - Somber (Feat. Alana) Official Music VideoDirected + Edited by Rob Thompson Song Produced by Silky beatsSong link: https://fanlink.to/bgsomberBrandon Gomes Socials:https://www.instagram.com/_brandongomes/https://www.Twitter.Com/_BG_GomesAlana Socials:https://www.instagram.com/alanaserves/https://twitter.com/alanaservesRob Thompson Socials:https://www.instagram.com/b_thompson1/https:...Read More
Roughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years. It was a textbook mega bear mark...Read More
Teck Resources Ltd (TSX:TECK.B)(NYSE:TECK) has an iffy record of rewarding shareholders.Over the past 13 years, despite several surges of 50% or more, Teck Resources has delivered a total return of around 0% despite building a business that surpassed $12 billion in revenues last year with roughly $4.4 billion in cash flow from operations.With such scale and cash flow, why has Teck Resources strug...Read More
The recovery in gold prices continues to pick up steam, and that has investors searching the market for the best gold stocks to buy ahead of additional gains for the yellow metal.Let's take a look at the current situation and see if this might be a good time to add gold stocks to your portfolio.Gold supportGold currently trades near US$1,350 per ounce, which isn't far off the five-year closing hig...Read More
Precious metals continue to garner considerable interest from investors. While gold has performed strongly in recent months, surging to US$1,340 per ounce, it is palladium which has shot out the lights. The precious metal, which belongs to the platinum group metals and is valued for its catalytic properties, has gained a whopping 50% over the last year, recently soaring to a record high of US$1,50...Read More
Lundin Gold (TSX:LUG) is a member of the Lundin Group of Companies. You may recognize one of its sister companies, Lundin Mining.While some analysts are calling for Lundin Mining shares to go on steroids, what does that future hold for Lundin Gold?2019 will be a pivotal yearHeadquartered in Vancouver with a corporate office in Ecuador, Lundin Gold is developing the Fruta del Norte gold project,...Read More
The stock that Marin Katusa has been touting as his "FOREVER ROYALTIES" stock in my opinion is Lucara Diamond.He has pitched Lucara many times as you can see here.The royalty part comes into play on Lucara's diamond selling platform Clara.Read More
Roughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years. It was a textbook mega bear mark...Read More
At 5:15 p.m. on February 19th, Elon Musk tweeted that Tesla would produce 500,000 cars on 2019. The headline hit news terminals globally. The stock jumped over $1 in after hours trading. Four hours later Musk tweeted that he meant Tesla would be producing cars at an annualized rate of 500,000 by the end of 2019. After-hours trading was closed when that "correction" hit Twitter.The next morni...Read More
Bob Moriarty ArchivesFeb 20, 2019Several of my so-called friends have been nagging me for years to write something about the basics of investing in resource stocks. I was quite comfortable with whining about how it was a work in progress and I was thinking about it and someday I intended to actually put pen to paper but they wouldn’t let up. So in the end, I caved and submitted to their brow...Read More
Drill core from Black Iron's Shymanivske Iron Ore Project in Ukraine. Source: Black Iron Inc.Black Iron Inc. [BKI-TSX; BKIRF-OTC; BIN-FSE] said Wednesday February 20 that it has signed a non-binding memorandum of understanding with a subsidiary of Glencore Plc [GLEN-LSE; GLCY-OTC] that could result in financing for the construction of the Shymanivske Iron Ore project in Ukraine.The MOU envisages G...Read More
Diamond drilling on Cow Mountain at the Barkerville Gold Mines Cariboo Gold Project in east-central British Columbia. Photo courtesy Barkerville Gold Mines Ltd.Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] on Wednesday February 20 reported final 2018 drilling results from the Island Mountain exploration and category conversion program at the company's Cariboo Gold Project in central...Read More
A miner operates his scoop tram at the Barrick Gold/Acacia Mining Bulyanhulu gold mine in Tanzania. Source: Acacia Mining plc.Barrick Gold Corp. [ABX-TSX, GOLD-NYSE] said Wednesday February 20 that it has arrived at a proposal to resolve majority-owned Acacia Mining PLC's [ACA-LSE] prolonged royalty and tax disputes with the government of Tanzania.It will involve a US$300 million payment to Tanzan...Read More