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Friday night blues for short sellers battling Bonterra, Home Capital and Corus Ent. insiders

January 12, 2019 / www.canadianinsider.com

During the past week, in the INK morning report we focused on two situations where insiders were taking the opposite position against short sellers of their stock. On Thursday we highlighted CEO and CFO buying at Bonterra Energy (Mostly Sunny; BNE) while on Friday we revisited the Home Capital Group ( Sunny; HCG) story. Meanwhile, shorts suffered another set back at Corus Entertainment (Sunny;...Read More

With Sprott Financing in Hand, Company Announces Arizona Gold Mine Resource Expansion Plan

January 12, 2019 / dlvr.it

With major financing from Sprott Private Resource Lending and a private placement, a mining company arranges to further develop its high-grade gold project in Arizona.Read full newsRead More

Late Rally Falls Short as Dow, Stocks Trade Lower Following Five Straight Gains - TheStreet

January 12, 2019 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average was trading to the downside Friday, ending the blue chip index's five-day winning streak.General Motors Co. (GM)  jumped 7% after the company said 2018 earnings will exceed the automaker's previous expectations and it raised its 2019 profit forecast.Netflix Inc. (NFLX) rose 4% to $337.6...Read More

ALUMINIUM FOUNDRY WRAP: European, US premiums flat; annual Japanese, South Korean premiums rise on Rusal uncertainty

January 12, 2019 / www.metalbulletin.com

Aluminium foundry alloy premiums in Europe and the United States were unchanged this month due to continued sluggish demand, while annual premiums in Asia climbed on uncertainty surrounding sanctions against UC Rusal. European premiums flat on sluggish January demandFoundry premiums in Europe were unchanged month on month with weak demand in the area causing liquidity to dry up.Fastmarkets assesse...Read More

BATTERY RAW MATERIALS MARKET REPORT 11/01: Cobalt sulfate discount narrows on uptick in Chinese buying

January 12, 2019 / www.metalbulletin.com

An overview of the battery raw materials markets and their price moves from the past week.Read More

LIVE FUTURES REPORT 11/01: Base metals continue uptrend; LME nickel price climbs 2%

January 12, 2019 / www.metalbulletin.com

Base metals closed mostly higher on the London Metal Exchange on Friday January 11 on improving risk appetite, with nickel climbing above $11,400 per tonne.The three-month nickel price remains in an uptrend - it gained 2% today and is up by more than 8% from its lowest in 2018 at $10,530 per tonne on December 31 - while zinc climbed by 1.2% to close just below $2,500 per tonne, basis three months....Read More

BATTERY RAW MATERIALS MARKET REPORT 11/01: Cobalt sulfate discount narrows on uptick in Chinese buying

January 12, 2019 / www.metalbulletin.com

An overview of the battery raw materials markets and their price moves from the past week.Read More

GDXJ Upside Bests GDX

January 12, 2019 / www.321gold.com

Adam HamiltonArchivesJan 11, 2019 Gold miners' exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes...Read More

DAVIES ON ORES: Last year's good news proving a drag on manganese in 2019

January 12, 2019 / www.metalbulletin.com

Manganese ore prices have started 2019 by continuing a slide that began last December, weighed down by weak downstream demand in China, where market participants are reluctant to buy amid price risk fears.Manganese ore prices have started 2019 by continuing a slide that began in December, weighed down by weak downstream demand in China, where market participants are reluctant to buy because of fea...Read More

Manganese ore down as much as 6.5% week on week

January 12, 2019 / www.metalbulletin.com

Manganese ore prices dropped as much as 6.5% on Friday January 11 because of weakening manganese alloy prices in China and escalating price risk fears.Fastmarkets' 37% manganese ore index, fob Port Elizabeth, dropped 35 cents to $5.07 per dry metric tonne unit (dmtu).Fastmarkets' 37% manganese ore index, cif Tianjin, also fell 35 cents, to $5.76 per dmtu."Prices are under pressure and market parti...Read More

China alumina price yet to react to official warning on overcapacity

January 12, 2019 / www.metalbulletin.com

The domestic alumina market in China has shown no immediate effects from the country's official warning of an overcapacity for the material, issued at the end of last year.Fastmarkets assessed the free market price of metallurgical-grade alumina, delivered duty paid, at 2,800-2,900 yuan ($408-423) per tonne on Thursday January 10, unchanged from a week before but still its lowest level since July...Read More

BATTERY RAW MATERIALS MARKET REPORT 11/01: Cobalt sulfate discount narrows on uptick in Chinese buying

January 12, 2019 / www.metalbulletin.com

An overview of the battery raw materials markets and their price moves from the past week.Read More

MINOR METALS MARKET REPORT 11/01: Gallium unaffected by Chalco's partial closure; manganese flakes edge down

January 12, 2019 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for any price moves.What will drive prices in 2019? Join...Read More

WEEKLY SCRAP WRAP: Prices continue to fall despite recovering demand

January 12, 2019 / www.metalbulletin.com

Scrap prices in the major markets worldwide continued to fall during the working week from Monday January 7 to Friday January 11, following the downturn in the Turkish market.But demand was strengthening due to low stock levels in both Turkey and Asia, despite the weakness of the markets for finished steel - especially in Turkey.Turkey importsThe Turkish steel mills resumed their deep-sea scrap pu...Read More

EUROPE ALLOY STEEL SCRAP: Effect of sharp nickel price rise muted by weak demand

January 12, 2019 / www.metalbulletin.com

The effect of a sharp uptick in nickel values on alloy steel scrap prices this week was muted by ongoing poor demand, sources told Fastmarkets on Friday January 11.Being a key component of stainless steel, nickel prices exert considerable influence over the price of alloy steel scrap, with price movements in the former usually being reflected in a the latter in the same week. On Friday, the t...Read More

US Futures Ease After Five-Day Rally; Crude on Pace for Best Week Since 2017 - TheStreet

January 12, 2019 / www.thestreet.com

The Friday Market Minute Global stocks continue to rise, pulling Asia to a five week high, as a dovish Fed and U.S. China trade talk progress keeps bulls in charge.Fed Chair Powell repeats need for "patience" as dovish tilts adds nearly 6% in added value to U.S. stocks since last week's payroll data.Global oil prices extend gains into an 10th session, the longest winning streak since 2010,...Read More

INDIA IMPORT SCRAP: Prices inch up but sentiment still negative

January 12, 2019 / www.metalbulletin.com

The price of shredded ferrous scrap imported into India inched up this week following deals done at higher prices from last week but for smaller tonnages, market participants said on Friday January 11.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India inched up to $319.24 per tonne cfr Nhava Sheva on January 11, from $318.39 per tonne cfr Nhava Sheva on January 4....Read More

METALS MORNING VIEW 11/01: Base metals split into two camps, but strong start to trading day across the LME complex

January 12, 2019 / www.metalbulletin.com

Base metals on the London Metal Exchange were firmer this morning, Friday January 11, with three-month prices up by an average of 0.9%. Zinc and nickel led the way with gains of 1.3% and 1.2% respectively, while copper was up by 0.9% at $5,972 per tonne as at 6.45am London time - the same price it held at a similar time on Thursday.Volume across the complex has been above average with 8,805 lots t...Read More

BATTERY RAW MATERIALS MARKET REPORT 11/01: Cobalt sulfate discount narrows on uptick in Chinese buying

January 12, 2019 / www.metalbulletin.com

An overview of the battery raw materials markets and their price moves from the past week.Read More

GLOBAL LITHIUM WRAP: China technical, industrial-grade lithium prices down ahead of Lunar New Year

January 12, 2019 / www.metalbulletin.com

Technical and industrial lithium-carbonate grade prices decreased on lower achieved deals, while the rest of the world's markets were unmoved from last week.China's domestic spot battery-grade lithium carbonate and hydroxide prices sat at their current level week on week on slow market activity. Battery-grade lithium carbonate prices kept steady on quiet buying. Lithium hydroxide prices were uncha...Read More

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