"@CROP_cse"The project is advancing on schedule and on budget with great thanks to the construction teams who continued working right up until December 24th and are now back on site to ensure success of the farm in 2019."Farm Update https://t.co/GXdF4fstWm$CROP #momentumstocks"Read full newsRead More
Preliminary results from Democratic Republic of Congo's tumultuous presidential election will be delayed past Sunday's deadline, the head of the election commission told Reuters.The commission, known as CENI, had received only 47 percent of vote tally sheets as of Saturday, said its president, Corneille Nangaa, and it was not yet clear when the results would be ready.The delay is the latest setbac...Read More
Global refined copper consumption will register steady growth over the coming years, driven by demand from the power industry, rising electric vehicle (EV) production and a positive global economic growth outlook, a new copper supply and demand outlook by Fitch Solutions shows.Fitch forecasts that global copper demand will increase from 23.6mnt in 2018 to 29 .8mnt by 2027, at 2.6% annual growth.Bu...Read More
Global refined copper consumption will register steady growth over the coming years, driven by demand from the power industry, rising electric vehicle (EV) production and a positive global economic growth outlook, a new copper supply and demand outlook by Fitch Solutions shows.Fitch forecasts that global copper demand will increase from 23.6mnt in 2018 to 29 .8mnt by 2027, at 2.6% annual growth.Bu...Read More
At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said.Officials said the victims were villagers who were mining for gold illegally, rather than in a government project."Poor villagers during winters try to compensate their earnings by pursuing illegal mining. They dig tunnels to enter the mines," Nek Mohammad N...Read More
At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said.Officials said the victims were villagers who were mining for gold illegally, rather than in a government project."Poor villagers during winters try to compensate their earnings by pursuing illegal mining. They dig tunnels to enter the mines," Nek Mohammad N...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
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Demand for flat steel in Turkey is expected to remain slow throughout January, and prices are not expected to increase because global flat steel prices are falling, market participants told Fastmarkets on Thursday January 3.Local producers have filled their order books until late February, they added.The price falls in December resulted in part from weak demand in the local market as well as the h...Read More
Turkey's flat steel export volumes rose by 139.17% year on year in November, according to the latest data from the Turkish Statistical Institute (TUIK).The reason for the increase in export volumes was strong overseas demand, especially in Europe, as well as weak domestic demand in Turkey, market participants told Fastmarkets.Additionally, export prices for Turkish flat steel products were highly...Read More
The Section 232 tariffs implemented in the United States in 2018 led to a sharp increase in domestic steel prices, driving the hot-rolled coil index to a nearly 10-year peak in July. But how did the tariffs impact the rest of the global supply chain? Fastmarkets' regional experts gave us answers.ChinaChina has exported less hot-rolled coil since the Section 232 tariffs took effect, but soft domest...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
Since its merger with Xstrata, Glencore - previously a trading and marketing firm - has become a mining firm whose earnings before interest, taxes, depreciation and amortization is dominated by earnings from its industrial activities. The recent appointment of Peter Freyberg as head of the company's industrial mining assets, a newly created position with oversight and responsibility for all Glenco...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Despite Chinese winter smelter production cuts generally falling short of expectations and domestic stocks continuing to climb - both of which suggest the market remains far more comfortably supplied at this point than aluminium bulls had been anticipating - prices still rallied into the year-end to reach $2,290/tonne for the first time since March 2012.And after a New Year pull-back the strength...Read More