Prices for iron ore fines went down on Tuesday August 25, with market sources saying that the restrictions on sintering in the Tangshan area of northern China have affected demand expectations.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $122.99 per tonne, down by $2.24 per tonne.62% Fe low-alumina fines, cfr Qingdao: $121.20 per tonne, down by $3.58 per tonne.58% Fe fines high-grade pre...Read More
Seaborne coking coal prices across the board remained flat on Tuesday August 25, while India was actively purchasing seaborne premium mid-volatility hard coking coal and Chinese market participants were looking forward to October, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.41 per tonne, up $0.32 per tonne Premium hard coking coal, cfr Jingtang: $114.64 per tonne, up $...Read More
Export offers for Chinese hot-rolled coil have risen by $5 per tonne on Tuesday August 25 compared with a week earlier on a stable domestic market, though thin trading has raised doubts among sources about whether the increases would stick.DomesticEastern China (Shanghai): 4,040-4,060 yuan ($584-587) yuan per tonne, unchangedDomestic prices were stable during the day but trading activity further w...Read More
China's domestic rebar prices stopped rising on Tuesday August 25 amid lower trading activity due to weaker futures.Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($526-530) per tonne, unchangedBuyers cut their procurement rates amid losses in the futures market, which kept sellers from raising prices further.Several traders reported that their sales volumes had dropped by 40-50% from Monday'...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
Warren Buffett and Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) has notably done very little trading during the market volatility this year. The company sold off its airline positions in the stock market to avoid tragic and possibly long-term losses. Further, the investing guru’s buying activity has been muted compared to other years.Known for being a value investor, Warren Buffett is us...Read More
Warren Buffett is widely known as one of the best investment managers of all time. So it’s no surprise when his company, Berkshire Hathaway, buys a TSX stock, investors notice.Over the years, investors have known Buffett to be a fundamental long-term investor. He has a strong belief in the long-term potential of the economy. Therefore, if you pick the best companies and hold them for the lon...Read More
Regardless of the stock market’s stellar recovery, the economy remains weak. Countries around the world have lowered their gross domestic product (GDP) forecasts. Meanwhile, jobless claims remain high. To make matters worse, the ill-impact of the coronavirus on the economy is still unknown, while infections continue to rise. All these indicate that we could be heading toward a recession.So,...Read More
Paulson purchased the notes in two separate financings in March 2016 and March 2020 and they will convert into 199.7 million shares.Read More
BHP, Anglo American and Glencore will be among the beneficiaries of a met-coal recovery, though it is a material which tends to be overlooked in the big diversified miners or ignored by investors whoRead More
The contractor posted FY20 NPAT of A$64.9 million, up 41% year-on-year, and EBITDA of $238.Read More
I recently sat down with Jason Stutman, one of the most successful tech analysts in the world, to talk about connectivity, privacy, and where he's investing next. As Jason and I discussed in the interview, outside of data mining, robotics and automation is one of the more profitable investment opportunities happening in the world of tech right now. Bill Gates calls robotics "the holy grail...Read More
Just when you thought the chaos this year was over, Marco and Laura showed up to the party.As the two storms started making their way toward the Gulf Coast, they became more difficult to ignore.The good news is that Marco decided to dip out early after the storm was downgraded to a tropical depression two days ago.The bad news is that Laura took a different approach and is now expected to be a Cat...Read More
Earlier this week, precious metals markets got a surprising Buffettbounce. Legendary investor Warren Buffett isn’t often associated with gold– at least not in a positive way. In the past Buffett has made derisivecomments about the monetary metal. He once quipped that gold “has no utility.” A perpetual optimist on the U.S. economy, Buffett by nature doesn’tlike the mes...Read More
Be prepared for a very busy month of September-in terms of both price and activity... by Craig Hemke via Sprott Money NewsAs the "delivery month" of September nears for COMEX silver, let's take a look at where we stand and review again what it all means.This is a topic we've covered often thus far in 2020. Here at Sprott Money alone, I've written multiple articles detailing the breakdown of confi...Read More
Why has the physical turnover in COMEX silver been so extraordinarily large and persistent for all these years and not in any other commodity?by Ted Butler of Butler Research via Silver SeekFor those who have come to be convinced of the silver price manipulation, as well as those who remain unconvinced, I ask you to put aside all thoughts about derivatives trading, concentrated short positions and...Read More
RAPAPORT... Petra Diamonds will charge Indian customers an additional 2% to cover a new e-commerce tax that might apply to the miner's rough sales.India introduced the equalization levy on April 1, taxing all overseas e-commerce operators' sales of goods and services in the country. Petra is still trying to establish whether the tax affects its sales to Indian clients through its online biddi...Read More
RAPAPORT... India's Gem & Jewellery Export Promotion Council (GJEPC) has again urged members to avoid taking on unsellable diamond inventory, arguing that the industry's recent improvement has been only partial.While polished demand is increasing and some categories are in short supply, a full recovery faces obstacles, the council said in a statement Tuesday."A good part of the inventory...Read More
RAPAPORT... Sarine Technologies will trace Alrosa's rough diamonds from the mine through each point of their journey using technology already in play in the manufacturing sector."[The system] enables tracking diamonds originating from Alrosa, however traded and polished by multiple midstream entities," Sarine said last week. "It leverages Sarine's extensive installed base of technological solution...Read More