The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
A summary of China's battery raw materials imports for September 2020.In brief Cobalt metal imports dropped in September from the prior month but volumes remained at a comparatively high level due to increased buying interest early in the third quarter, driven by decent import profits owing to the premium held by Chinese domestic cobalt metal over European material. This premium narrowed late in t...Read More
A summary of China's battery raw materials exports for September 2020.In brief Chinese cobalt tetroxide exports continued to rise on a monthly basis amid a recovery in industrial activity in ex-China markets and an increase in remote working, which has led to a bump in demand for consumer electronics. China's lithium carbonate exports fell in September on reduced demand as a result of buyers slowi...Read More
A summary of China's minor metals exports for September 2020.In brief Higher domestic prices stifled Chinese exporters' interest in shipping their indium cargoes abroad during the month. Overseas demand for silicon increased due to the strengthened downstream aluminum ingot ADC 12 market amid the...Read More
The Indian silico-manganese export market will come under pressure in the near term because of slow demand and falling manganese ore markets, Fastmarkets heard on Tuesday October 27.The market has been softening in recent weeks although it was now back at a level last seen on August 14.Fastmarkets' most recent price assessment for silico-manganese, 65% Mn min, min 16% Si, fob India, was $860-890 p...Read More
A summary of Spanish stainless steelmaker Acerinox's financial results for the third quarter of 2020 ended on September 30. In brief Group (stainless steel plus high performance materials) melt shop production in the third quarter of 2020 increased by 21% quarter on quarter, with profits recorded in the period following a loss-making second quarter. Conversely, sales decreased in the r...Read More
The discount paid for ferro-nickel with 26-32% nickel content in China increased slightly in October, with quiet spot trading reported, sources told Fastmarkets this week.Fastmarkets assessed the ferro-nickel premium/discount, 26-32% Ni contained, cif China at $900-1,300 per tonne on Monday October 26, compared with a discount of $1,000-1,300 per tonne on September 28.Spot trading was...Read More
Very few Canadian sectors managed to stay strong amid the pandemic and reported higher earnings so far in 2020. Technology and gold miner companies were some of them. As the third-quarter earnings season heats up, many of those stocks are once again showing stronger momentum ahead of their quarterly release.Barrick GoldTop gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD) stock has already notably outp...Read More
If you are worried that the stock market could crash again, then you are not alone. Many believe that the swift recovery in the equities with the economy still in the doldrums could soon lead to another market crash. However, unlike the previous crash, you can plan and protect your portfolio’s downside risk by adding some of the top defensive TSX stocks. Here are two under-$50 stocks of...Read More
The second wave of COVID-19 infections is sweeping across North America and Europe, making investors and individuals extremely nervous. The markets slumped close to 36% in just over a month during the first COVID-19 wave in early 2020.As businesses were shut, consumer spending dropped significantly which meant a spike in unemployment rates and a drastic fall in global GDP numbers. The snap-back ra...Read More
In addition, investors were worried about the prospect of a contested US election, Reuters reported.The market also awaits news from China's plenum - which will set the country's next five-year plan - which ends today, Marex Spectron's Alastair Munro noted.Gold has dropped US$30 an ounce over the past 24 hours to $1,878 an ounce on the spot market.Base metals except lead closed lower on the London...Read More
Operating profit in Q3 - excluding revaluation of process inventory - was 13% better than consensus forecasts at SEK2,258 million (US$256 million), up from SEK1,635 million (US$185.Read More
Day 225 of COVID.It's been nearly eight full months since our governor here in Maryland issued orders for bars, restaurants, movie theaters, and gyms across the state to close up shop.That was on March 16.To date, there have been roughly 8.7 million COVID-19 cases in the United States and a death toll of 225,084 that will inevitably tick higher for the foreseeable future.Globally, over 44 million...Read More
Technical analyst Clive Maund charts silver and explains why he believes it is one of the best investments for these times.With hyperinflation looming, silver has to be one of the best investments of these times, especially as it leverages gold's gains. This summer saw a spectacular high volume breakout from the giant base pattern that had been forming for years, as we can see on its latest 13-yea...Read More
Technical analyst Clive Maund takes a look at gold charts and explains why he believes the dollar price of gold will eventually skyrocket.With a collapse in the dollar and hyperinflation now inevitable, it is clear that the dollar price of gold will eventually skyrocket, and when I say "eventually" I am not talking about in 5 or 10 years time. It is already starting to accelerate away to the upsid...Read More
By the end ofnext year, Australia is expected to become the #1 country in goldproduction, knocking China from the pedestal during today’s gold bull market.It’s been home to some of the biggest gold bonanzas in the world,like the Mount Morgan mine which has produced over 8 million ounces of gold to date.But while all eyes have been on Western Australia over the pastseveral years, a team...Read More
Precious metals could do well in either an inflationary or deflationary environment...Tavi Costa on Palisade RadioTom welcomes returning guest Tavi Costa of Crescat Capital to the show. Tavi outlines Crescat's macro model and how it drives their investing focus.Tavi discusses how the only way out of the global debt burden is through further debasement and a continued race to the bottom for currenc...Read More
Citibank was up to something last week when they posted a MASSIVELY BULLISH call on Silver prices before the end of the year. And NOW WE SEE WHY!by Bix Weir of Road to RootaI warned you that Citibank was up to something last week when they posted a MASSIVELY BULLISH call on Silver prices before the end of the year...AND NOW WE SEE WHY WITH SILVER BEING SLAMMED DOWN MORE THAN 5%! Don't you wish we...Read More