China's domestic rebar prices edged up further on Tuesday April 14 amid what was described by market participants as "good and steady" demand. Eastern China (Shanghai): 3,470-3,500 yuan ($492-496) per tonne, up by 10 yuan per tonneNorthern China (Beijing): 3,410-3,440 yuan per tonne, up by 10 yuan per tonne Buyers actively procured cargoes during the day, which gave prices a slight upward pus...Read More
The uncertainties surrounding cobalt supply and demand in the near term amid the continuing Covid-19 pandemic has led more Chinese salts smelters to take on tolling business to mitigate risk.The virus has had an unprecedented effect on the global economy with manufacturing sectors around the world forced to slow in attempts to halt its spread, a dynamic which eventually dented buying interest for...Read More
Stainless steel prices in the United States fell in April while surcharges declined and market participants reported sharply lower demand. Fastmarkets' monthly assessment for stainless steel 304 cold-rolled sheet, fob mill US fell by 2.5% to $117 per hundredweight on Monday April 13 from $120 per cwt previously, while that for 304L cold-rolled sheet fell by 2.5% to $119 per cwt from...Read More
BECOME AN SFTP MEMBERhttps://www.youtube.com/channel/UCzsq...DONATIONS to SFTPhttps://twitch.streamlabs.com/sftp1Superchat takes 30% we recommend you donate via stream labs in the link above.MIXER https://mixer.com/TommyCSFTPMerchhttps://teespring.com/stores/sftp-off...Patreon https://www.patreon.com/tommycDISCORD http://discord.gg/shotfromthepointDownload SFTP Podcasthttps://soundcloud.com/shotfr...Read More
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Get the extended edition of my debut album 'Divinely Uninspired To A Hellish Extent' here: https://lewiscapaldi.lnk.to/DUTAHE_Re... Listen to the "Before You Go" EP here:https://lewiscapaldi.lnk.to/BYG_Acoustic Tickets: http://tickets.lewiscapaldi.com Directed by: Kyle ThrashProduced by: Stephen Buchanan and Krista WorbyDP: Frank MobilioStarring:Sasha LaneCypress HayungaJack LucenoRomey MorelloPr...Read More
It’s easy to imagine that everything lost value in the market turmoil of March. After all, the COVID-19 pandemic is a global shock that’s disrupted the economy in an unprecedented way. However, one segment of the market retained its value better than all else: gold and gold stocks. What I call gold stocks include any listed security with exposure to the market price of physical go...Read More
The COVID-19 pandemic in 2020 has brought some previously unknown pharmaceuticals firms to the limelight and propelled one small-cap to lead among the best-performing Canadian stocks so far this year.However, there has been a surge in gold prices, as investors took a flight to safe-haven assets. This has been a welcome blessing to well-placed gold producers. But returns on gold stocks are nowhere...Read More
According to the stock market, the crisis seems to be over. If that doesn’t worry you, I don’t know what will. I think there is a good chance we could be testing new highs soon, if not in Canada, then at least in the United States.The United States has stated that cases are slowing faster than expected. Stimulus packages from global governments are seen positive for their economies. Ma...Read More
Image from TAGE. Software company Wind River is collaborating with open-pit miningsolutions provider Beijing TAGE Idriver Technology (TAGE) on a cutting-edgesoftware platform for the development of next-generation autonomous miningvehicles.The mining industry is advancing to fullyautonomous vehicles and machinery in order to improve safety, increaseproductivity, and save costs. TAGE has developed...Read More
The Kibali gold mine in the DRC. (Image courtesy of Barrick Gold) Barrick has bought over 800,000 antibody testing kits to screen workers and the communities around its mines for covid-19, the Financial Times reported Wednesday. "We've got 300,000 kits on the way. We've got about 150,000 in the country already and another 400,000 that we have just finalized [buying]," Bristow told the Financi...Read More
Newfoundland gold mineralization. (Credit: Marathon Gold) Marathon Gold has released the results of 16 diamond drill holes, which extend the strike length of the Berry zone to 350 metres. The drilling targeted both the Berry zone as well as the ground to the northeast, towards the area known as the Frozen Ear Pond Road in Newfoundland. The drilling targeted both the Berry zone as well as the gro...Read More
Mother Lode project. Image courtesy of Corvus Gold. Infill drilling at Corvus Gold's Mother Lode project in Nevada has intersected gold outside of the mineralized blocks at the Main zone and extended the Central Intrusive zone (CIZ) at depth.The drill highlights include 42.7 metres of 1.98 g/t gold and 47.2 metres of 1.43 g/t gold from the Main zone as well as 18.3 metres of 1.82 g/t gold from...Read More
Vale's Ponta da Madeira iron ore terminal. (Image courtesy of Read More
A wide high-grade palladium-nickel-copper zone has been intersected about 60m east of the discovery hole, which hit 19m at 2.59% nickel, 1.04% copper, 8.37 grams per tonne palladium and 1.Read More
Did you want a cut?Well, you got a cut.On the surface, the latest decision by OPEC+ to cut a whopping 9.7 million barrels per day from its May and June output should have sent crude prices ripping higher over the last few days.The market wasn't fooled as crude prices traded lower this morning.If you're wondering why it's because the numbers simply don't add up.They're downright confusing.Fortunate...Read More