Iron ore prices corrected down on Tuesday March 19, with futures and spot market activity at Chinese ports both declining after Monday's gains.Tuesday also saw Fastmarkets' MB 62% Fe Iron Ore Index used for the first time as part of a basket of measures to price Pilbara Blend fines.MB 62% Fe Iron Ore Index: $87.23 per tonne cfr Qingdao, down $1.03 per tonne. MB 62% Fe Pilbara B...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
Prices for seaborne coking coal sold to China are showing signs of softening amid weak end-user demand, with uncertainties related to import restrictions at some ports complicating the market further."Buyers in southern China are discouraged from buying due to obstacles attributed to port authorities. It is a long and tedious process for end users to get their coal imports cleared by customs, and...Read More
Brazil's Vale has obtained a court order allowing it to restart port activities at its Gua?-ba Island Terminal, it said late on Monday March 18.The iron ore miner had suspended port activities at the terminal earlier this month on orders of the Mangaratiba city government."Following the court decision, Mangaratiba City Hall authorities lifted the interdiction. Vale reaffirms that it has all valid...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 19 *Copper -$160.10 (-1,077.97 yuan) Aluminium -$319.13 (-2,148.77yuan) Zinc-$142.06 (-956.54 yuan) Nickel -$217.59 (-1,465.08 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday March 19.The exceptions were lead and tin that were little changed, while the rest were up by an average of 0.5%. Copper prices were up by 0.4% at $6,462 per tonne, compared with $6,433 per tonne at Monday's close.Volume was average, with 6,236 lots traded on LME Select as at 6.51am...Read More
Nickel prices climbed 1.17% on the Shanghai Futures Exchange during morning trading on Tuesday March 19 amid a weaker US dollar and a rise in iron ore prices after a court ordered Brazilian mining company Vale to halt to production at its Timbopeba mine in Brazil. The most-traded May nickel contract on the SHFE stood at 101,230 yuan, up 1,170 yuan per tonne from Monday's close, tracking an increas...Read More
High-grade manganese ore producers returned to the market with higher offer prices in the week ended Friday March 15, while low grade prices held steady; In Europe, alloy prices rose on the news of load shedding in South Africa and the resultant pressure on production. 44% manganese ore price rose after producers raise offers.37% prices stable in balanced market.Indian silico-manganese prices ris...Read More
The expectation for higher tender prices for ferro-chrome in April supported the prices for ore in China and for alloy in Japan and South Korea, Fastmarkets heard on Monday March 18. UG2 and Turkish lumpy ore prices riseDomestic alloy price climbs in ChinaAlloy prices in Europe, Japan, South Korea increaseImported alloy prices stable in US, China. Prices for chrome ore imported into China and in C...Read More
The Young Mining Professionals (YMP) - a non-profit group with chapters in Vancouver, Toronto, Montreal, Sudbury, Perth, Brisbane, Johannesburg and London - held its third annual YMP Awards gala in Toronto in early March, with Mining Professional of the Year awards for 2018 handed out to Andr?(C)e St-Germain, chief financial officer of Integra Resources and Jos?(C) Vizquerra, executive vice-presid...Read More
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In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities...Read More
On March 16, Tesla Inc (NASDAQ:TSLA) took the internet by storm, revealing its long-anticipated Model Y, a fully-electric crossover with up to 300 miles of range. This model, of course, follows the Model 3, which quickly saw more than 250,000 pre-orders.If you watched the Tesla livestream during which Elon Musk unveiled the Model 3, you would have noted how the company views itself as the saviour...Read More
One of the first places investors turn when the market is looking uncertain is gold, and with prices of the yellow stuff set to rise in 2019, it seems as good a time to check out what's on offer as any. Let's see how some of the best Canadian metals and mining stocks are doing on their market fundamentals right now, as well as in a few other areas of pertinent data, such as outlook and balance sh...Read More
With more and more economists talking about the dreaded R-word — recession — along with the weakening housing market and record consumer indebtedness, investors are right to be concerned. But we should not use this as a reason to be scared of investing.Over the long term, we have seen time and time again that markets rise and that remaining invested is the right choice. But we need to...Read More
Commodity companies now trade at valuations that are extremely attractive, often at very low price-to-earnings (P/E) ratios or below book value. The investing world is littered with the corpses of commodity investors. Therefore, investors either need to be willing to hold these stocks for the long term or get out while the getting is good.A global recession could decimate commodity stocksDuring a...Read More
The mining industry has been in a winner-take-all mode over the past few years.For example, the S&P/TSX Global Mining Index has been roughly flat over the past five years, eking out an increase of a few percentage points over the past 12 months. However, that index is almost completely comprised of huge companies with large-cap market sizes.Smaller mining stocks have slipped through the crac...Read More
In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities...Read More
"No more rate hikes period...rate cuts to begin sometime this spring...tapering the balance sheet taper starting in May...QT ends in September even though our balance sheet has only been reduced by roughly 10% of the amount of money we printed...Quantitative Easing aka "money printing" to resume in October...our hidden dot plot shows that you should buy as much physical gold as you can afford an...Read More