China's output and sales of new energy vehicles (NEVs) continued to increase month on month in May but figures are still down on an annual comparison, reflecting the sharply reduced subsidies. China produced 84,000 NEVs in May, including pure electric vehicles (PEVs) and plug-in hybrids. This was up by 5% from April, but down by 25.8% from May 2019, according to data released by the China Associat...Read More
The price of stainless steel in Europe has remained unchanged despite the attempts by mills to incorporate higher monthly alloy surcharges into transaction prices, sources told Fastmarkets on Friday June 12.Demand is too weak to support any price rises, they added. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Eu...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 12China The five-week uptrend in UG2 chrome ore prices stalls on softer buying interest, with market participants on both sides reporting a slowdown in inquiriesThe domestic spot ferro-chrome price narrowed downward on...Read More
Exploration drilling has confirmed the continuity of high-grade mineralisation at the Red Chris copper-gold mine in northwest British Columbia, 80 km south of Dease Lake and 1,700 km from Vancouver.The mine is a joint venture between Imperial Metals (TSX: III) and Australian miner Newcrest Mining (ASX: NCM). Newcrest holds a 70% stake and Imperial a 30% interest. Newcrest is the mine operator.The...Read More
Copper prices surged to their highest levels in nearly three months on June 11, reaching US$5,801.5 per tonne (US$2.63 per lb.) on the London Metals Exchange (LME), up almost 20% from a low of US$4,854 per tonne (US$2.20 per lb.) on March 5, when commodity markets started to free-fall due to the Covid-19 pandemic.A ramping-up of demand from China, the top consumer of the red metal, is now fuelling...Read More
For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one - even before the coronavirus pandemic. But with long-term fundamentals that point to a bright future for diamonds, some juniors are finding ways to advance their projects, despite the tough times. Here's a look at several active Canadian-based diamond explorers (an...Read More
China's Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals' (TSX: SVM; NYSE: SVM) bid for Guyana Goldfields (TSX: GUY), with a deal that values the target miner at $323 million (US$238 million).The Fujian-based mining giant has offered Guyana Goldfields $1.85 in cash for each common share, which is 35% higher than Silvercorp Metals' proposal.Prior to signing the a...Read More
Australia's state of Queensland has granted Glencore's (LSE: GLEN) A$1.5-billion (US$1 billion) Valeria coal mine the status of "coordinated project" in order to fast-track it, as the nation seeks alternatives to kickstart the recession-ridden economy.The decision will bring environmental and other assessments for the mine, expected to produce 20 million tonnes of coal annually for 35 years, under...Read More
High offers for Japanese and United States-origin ferrous scrap saw Vietnamese buyers stay away from the spot import market in the week to Friday June 12, with some market participants suggesting that prices have peaked and are likely to move down from now on.There was a confirmed transaction at $278 per tonne cfr southern Vietnam this week and rumors of a transaction at $275 per tonne cfr souther...Read More
Prices for steel billet in Southeast Asia rose over the past week amid costlier steelmaking raw materials, sources said.Iron ore prices rose above $100 per tonne cfr China for the first time this year on May 29 due to concerns over a shortfall of Brazilian material, and have mostly stayed above that level so far in June. Scrap prices in the bellwether Turkish import market have also been on an upw...Read More
"Tommy Lee" available at: https://TylaYaweh.lnk.to/Tommy_LeeOfficial Audio: https://youtu.be/4Do9gZpLnfgProduced by Beat God XLDirected and Edited by: CHRIS VILLAProduction Company: WOLF SAUCEExecutive Producer: TES SIYOUM Producers: TES SIYOUM AND CHRIS VILLADirector of Photography : LOGAN MEISSteadicam: RENARD CHERENTitles: HARLEY FITZSIMONSVHS: CHRIS VILLAProduction Assistant: Sheridan shepherd...Read More
Kevin O'Leary is a Canadian businessman, author, politician, and television personality. From 2004 to 2014, he appeared on various Canadian television shows, including the business news programmes SqueezePlay and The Lang and O'Leary Exchange, as well as the reality television shows Dragons' Den and Redemption Inc. In 2008, he appeared on Discovery Channel's Project Earth. Since 2009, he has appea...Read More
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I couldn’t agree more with Foolish writer Vishesh Raisinghani on their bearish view on the economy and market. They went as far as selling 20% of their portfolio.Here’s how you can prepare.Stock market crash: Take profit in fully valued and speculative positionsAnother stock market crash can be triggered by a second wave of COVID-19. In fact, the selloff might have already started in t...Read More
New investors may be aware of a profound shift in economics towards businesses that display ESG characteristics. ESG, or Environmental, Social, and Governance, considerations are driving investments in new, ethically focused industries. Aside from such admirable ideals, though, ESG thematics are sustainable by definition. They’re also disrupting entire sectors, and where there’s disrup...Read More
After the run-up in certain gold stocks, I decided to sell a few of my favourite names. These stocks have come back a bit, making me wonder whether I should get back in at these levels. I still see upside in gold, especially if central bankers’ plans don’t go as well as they should. If anything, the drastic one-day fall on June 11 should make investors nervous about the possibility of...Read More