Meanwhile, the European Central Bank increased its stimulus programAfter the stock market's three-day rally, futures onthe Dow Jones Industrial Average (DJI) are down almost 100 points below fair value this morning. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also drifting lower, after weekly jobless claims came in at 1.9million, surpassing the 1.8 estimates. That makes it now 12...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF) a leading creator and publisher of counter culture mobile games, launched "Cheech & Chong Bud Farm" on April 20, 2020 (4/20) and it has hit #1 in the USA for installs of free and free simulation games in the "Green" or cannabis themed game category.Cheech and Chong Bud Farm is also the Top 3 Grossing "strategy game" in "Green" or cannabis genre categ...Read More
24/7 Wall St. screened the BofA Securities precious metals research universe and found five gold stocks rated Buy that look like solid plays for investors starting to worry about renewed volatility.Read full newsRead More
Comet Resources Ltd (ASX:CRL) is pleased to announce that it has executed a binding heads of agreement (HOA) with privately owned El Alamo Resources Limited (EARL) for the proposed 100% acquisition (Acquisition) of the Santa Teresa Gold Project (Project), and concurrently executed a non-binding term sheet with Raptor Capital International Limited (Raptor) for a gold streaming and royalty financing...Read More
Here are a Few Takeaways:?EUR? Silver's Silver Lining: Silver is going to outperform its big bro in the coming years. Throughout history, the gold-to-silver ratio has traded at much lower levels. A decrease in the GSR, down to 40 or 50 over the next several years, will juice the cash-flow generation of silver producers.Some targets to consider. In 2011, at the peak of the perceived efficacy of qua...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.Mills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on June 3.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 4% mont...Read More
The closure of the arbitrage window between London and Shanghai prompted a drop in Chinese zinc premiums in the week to Tuesday June 2, while broad stagnancy in European and US demand kept premiums firm, although some market participants anticipate that demand could further weaken in the coming months. Cif Shanghai premium dipped as demand diminished in line with arbitrage window's close Sout...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 3.Please click...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.Mills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on June 3.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 4% mont...Read More
An earthquake with a magnitude of 6.8 has hit the Antofagasta region of Northern Chile, which is home to a cluster of major copper mines, Fastmarkets understands.The US Geological Survey said the earthquake occurred in the early morning local time on Wednesday June 3, with the epicentre of the quake reportedly in the southwest of San Pedro de Atacama. Major copper mines close to the epicentre incl...Read More
Key data from the pricing session in London on Wednesday June 3.Key drivers: Standard-grade cobalt prices drifted further on the low-end of the quote, on continuing good availability, despite the suspension of production at Ambatovy. Offers were being revised to the low side, and sellers opened to bids, in light of thin demand refently, and uncertain...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.Mills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on June 3.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 4% mont...Read More
Turkish steel producers have continued to book more deep-sea scrap cargoes at steady prices, sources told Fastmarkets on Wednesday June 3.A steel mill in the Izmir region booked a US cargo, comprising shredded scrap at $259.50 per tonne and plate & structural scrap (P&S) at $264.50 per tonne cfr late on Tuesday June 2. The cargo's composition and volumes were not clear at the time of publicat...Read More
Fastmarkets is launching a two-month consultation on the launch of new copper material price and the potential discontinuation of its monthly assessment of the No2 copper scrap discount on a cif China basis.Under a new categorization policy being introduced in China, most No2 scrap could be traded as renewable copper materials starting from July 2020. Background to the consultationA...Read More
Key data from the June 3 pricing session in London and Shanghai.Key drivers: - Cobalt hydroxide payables were steady in the first half of the week - fresh inquiries were relatively fewer than in late May, but buyers are still finalizing their latest round of spot top-ups. So far, suppliers have refused to compromise and accept lower bids. - Suppliers indicate they are holding their offers firm for...Read More
Key data from the pricing session in London on Wednesday June 3.Key drivers: Standard-grade cobalt prices drifted further on the low-end of the quote, on continuing good availability, despite the suspension of production at Ambatovy. Offers were being revised to the low side, and sellers opened to bids, in light of thin demand refently, and uncertain...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
Demand for flat steel products in Turkey was moderate in May because of low stocks in the country and the spread of the Covid-19 pandemic, market participants told Fastmarkets on Wednesday June 3.Turkish flat steel producers were fully booked until late July and have started to accept orders for August production.Steel trading was limited in May because of various curfew orders and national holida...Read More
Domestic prices for hot-rolled coil in Europe have inched down over the past week due to a lack of buying activity, sources told Fastmarkets on Wednesday June 3.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?402.00 ($448.48) per tonne on Wednesday, down by ?,?1.00 per tonne from ?,?403.00 per tonne on Tuesday.Wednesday's index was calculated bas...Read More