All base metals, with the exception of lead, recorded further declines of deliverable stocks in Shanghai Futures Exchange-approved warehouses during the week to Wednesday September 30, according to the exchange's weekly inventory report.The decline in inventories for most base metals was mainly to cover production needs during the upcoming Golden Week holiday in China on October 1-7, according to...Read More
London Metal Exchange three-month base metals prices, with the exception of copper and tin, were trading down on the previous day's close on Wednesday September 30, with encouraging Chinese manufacturing data eclipsed by a stronger dollar and continued uncertainty regarding US economic fiscal stimulus. Chinese Caixin Manufacturing purchase managers' index (PMI) data remained in expansionary territ...Read More
Eastern China's rebar prices increased slightly on Wednesday September 30 on stronger demand to end the short working week 20-40 yuan per tonne higher than last Friday.DomesticEastern China (Shanghai): 3,630-3,660 yuan ($533-538) per tonne, up by 10 yuan per tonneNorthern China (Beijing) weekly assessment: 3,570-3,590 yuan per tonne, down by 50 yuan per tonneMild weather and restocking demand ahea...Read More
Base metals prices and Asian-Pacific equities were mixed this morning, Wednesday September 30, although pre-market western equity index futures were weaker following a confrontational and not very presidential first debate between US President Donald Trump and former Vice President Joe Biden, the democratic candidate.China's official and Caixin manufacturing purchasing managers' indices (PMI) were...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Umicore will consolidate its production of battery chemicals in Europe and the United States, the company said on Wednesday September 30.The Belgian specialty chemicals company will move its cobalt refining capacities from the Olen plant in Belgium to the Kokkola refinery in Finland.The move to "one of the largest cobalt refineries globally" will allow "the business unit to produce at a larger and...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 assessed cobalt standard grade, in-whs Rotterdam,...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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 cobalt alloy grade,...Read More
A summary of China's battery raw materials imports for August 2020.In brief China's imports of cobalt metal hit a historical high in August after importers in the country looked to take advantage of noticeable arbitrage opportunities. In addition, import appetite was spurred by wide-spread expectations of stockpiling by China's state reserve authority and the prospect of further price gains in the...Read More
A summary of China's battery raw materials exports for August 2020.In brief China's exports of graphite flake increased in August from a month earlier, with the rise mainly driven by the fulfillment of orders delayed due to the Covid-19 pandemic rather than a recovery in demand. China's lithium exports rose year...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
The European Commission (EC) has initiated anti-dumping proceedings concerning imports of stainless steel cold-rolled flat products originating in India and Indonesia. The investigation follows a complaint lodged on Monday August 17 by the European steel association Eurofer. The complaint alleges that imports of stainless steel cold-rolled flat products from India and Indonesia are being...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 30.Key drivers Persistent tightness in titanium scrap supplies in Europe causes prices to climb for the third week in a row. Scrap generation has fallen in line with a downturn in heavy industry, particularly the aerospace sector, with a fall in volumes from machine shops, forge shops and fabricators. National...Read More
The Chinese domestic stainless steel price narrowed upward over the week ended Wednesday September 30 due to an active market ahead of the National Day holiday on October 1-8. Domestic Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,400-15,100 yuan ($2,117-2,220) per tonne, up from 14,300-15,100 yuan per tonne a week earlier.Downstream factories raised procurement rates to...Read More
The UG2 chrome ore and ferro-chrome markets were stable in the week to Tuesday September 29, with trading activity slowing down ahead of the Golden Week holiday on October 1-8. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China was $139 per tonne on Tuesday, unmoved from the preceding week.Sellers and buyers reported a lack of activity and told Fastmarkets t...Read More
Warren Buffett has a long-standing reputation for investing primarily in U.S. stocks. However, there are a few exceptions we have seen over the years. Recently, Buffett has been venturing outside the U.S. market more and more to search for opportunities most other investors might not have considered. When the Oracle of Omaha finds a company with immense value, he will not shy away from going acros...Read More
Investors closely follow Warren Buffett’s stock purchases to look for opportunities.Through his company Berkshire Hathaway, Warren Buffett has purchased dozens of companies and taken large positions in others over the years.His successful strategy of finding value and holding positions for decades made him one of the wealthiest investors on the planet. Berkshire Hathaway’s Q2 2020 13F...Read More
Bob Moriarty ArchivesOct 01, 2020While the two candidates for the presidency of the US continue to impress the entire world with their keen judgment and sense of superior leadership, the metals cannot quite figure out which direction to proceed. For a couple of days it looked like they would rocket higher but it is a weak part of the season and I continue to hope for more of a correction to squeez...Read More
It had earlier more than doubled the size of a planned $21 million raising and closed the third tranche priced at $1.30 per unit yesterday, with the proceeds to fast-track its Lawyers gold-silver project in British Columbia towards a production decision in 2022."The size of this offering ranks among the top 10 equity financings of the year on the TSX Venture Exchange, with key support from several...Read More
Share this article VANCOUVER - GoldMining Inc. (TSX: GOLD; OTCQX: GLDLF) has been approved for listing and trading on the NYSE American. The Company expects that its Common Shares will commence trading at market open on the NYSE American on October 6, 2020 under the symbol "GLDG" and will be delisted from the OTCQX.The Common Shares will continue to trade on the Toronto Stock Exchange under the t...Read More