Analysts have weighed in bullishly and bearishly todayThe worst Dow stock so far this morning is Cisco Systems, Inc. (NASDAQ:CSCO), down 5.4% to trade at $47.25. While the tech giant reported second quarter earnings and revenue that topped analyst forecasts, the company warned of a larger-than-expected third quarter revenue drop of 1.5% to 3.5%. Cisco attributed the surprise drop to global econom...Read More

MGM's CEO Jim Murren Stepped down yesterday The shares of MGM Resorts International (NYSE:MGM) are running lower this morning, just one day after news broke that the firm's CEO Jim Murren has decided to step down. The casino company's board also withdrew its full-year forecast for the time being, blaming coronavirus anxieties, though Murren added that he believes the economic effects of the deadly...Read More

Earnings from Cisco Systems, PepsiCo, and Alibaba are also in focusU.S. stock futures are trading below fair value this morning as the attention shifts back to the coronavirus outbreak. Reports pointing to another jump in cases of the virus in China have sparked losses for global stock markets, and the Dow Jones Industrial Average (DJI) is now facing a triple-digit drop at the open. The losses loo...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has signed a multi-year supply agreement with a global Land Mobile Radio ("LMR") and software vendor (the "Vendor").The agreement outlines that Siyata Mobile will supply the Uniden (R) UV350 in-vehicle IoT device to the Vendor, for resale to its first responder...Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") a royalty company for the U.S. licensed cannabis industry is pleased to announce that it has signed a New Royalty Agreement ("Agreement") with Cultivation Technologies, Inc. ("CTI") of Coachella, CA a top-ranked and award winning cannabis extraction and manufacturer. Further to the Agreement, FinCanna h...Read More

"Vale #Nickel Guidance Lowered for 2020: Vale has lowered its 2020 nickel guidance to 200-210kt from 240kt previously. No details on where production is being trimmed, but does note that it will only be producing Ni hydroxide from VNC after shutting the refinery. (source: BMO)"Read full newsRead More

"Gold - Just a question of time ? #gold #silver #preciousmetals #GDX #GDXJ #HUI #business #finance #investments #fintwit #stocktwit #stocks #StocksToTrade"Read full newsRead More

The three-month price of copper on the London Metal Exchange edged higher at the close of trading on Wednesday February 12, staying firmly above the $5,700 per tonne support level despite low turnover, while nickel similarly held above nearby support.Copper's outright price on the LME closed at $5,764 per tonne on Wednesday afternoon, falling from an intraday high of $5,783 per tonne but topping T...Read More

Contango has returned to the price of tin, but the spot markets have remained quiet on muted demand and uncertainty about the implications of the outbreak in China of novel coronavirus (2019-nCoV).London Metal Exchange tin price still down from earlier in the year, with coronavirus spreading.Tin imports to China largely halted; premiums flat in Taiwan, too.United States sees modest spot trade over...Read More

Nickel premiums in all regions held steady in the week to Tuesday February 11. European nickel premiums hold in illiquid spot market.  The US nickel briquette premium could rise further, though it was flat this week.  China nickel premiums were unchanged amid spot illiquidity on a closed arbitrage import window. Rotterdam nickel premiums stabilize in illiquid spot market Premiums for a...Read More

US Federal Reserve chairman Jerome Powell told the US Senate yesterday the country's economic expansion was well into its 11th year and the longest on record, appearing resilient to global headwinds but said the bank was closely monitoring the emergence of the coronavirus, which could lead to disruptions in China which could spill over to the rest of the global economy.In London, miners were three...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday February 12 that are worth another look.China may not be the big steady steel rebar buyer that most of us in the market thought it was, the International Rebar Producers & Exporters Association (Irepas) said on February 5 with regards the impact of the novel coronavirus (2019-nCoV).Major Chinese copper smelter Daye Nonferrous,...Read More

Major Chinese copper smelter Daye Nonferrous, at the heart of the region affected by the coronavirus outbreak, is managing to continue its copper production activities by destocking the sulfuric acid byproduct at a discount, Fastmarkets has learnt."We have no plans to declare force majeure so far," a source with direct knowledge of the matter said. "We are still receiving overseas shipments of cop...Read More

China's alumina price is on an upward trend after many alumina refineries reduced production following transportation difficulties since the Wuhan coronavirus outbreak restricted their coal and bauxite supply, several sources told Fastmarkets on Monday February 10.Despite a bullish sentiment in the market, some alumina analysts think the uptrend may not last long because China still has a lot of a...Read More

An overview of the minor metals markets and the reasons for their latest price moves.Read More

Chinese battery materials producer GEM will prioritize delivering cargoes to overseas buyers in February amid the large-scale lockdown in Hubei province following the outbreak of the novel coronavirus (2019-nCoV), a company source told Fastmarkets. GEM's Jingmen plant is located in Jingmen city, Hubei province, which has been heavily affected by the coronavirus outbreak. The plant is unable to res...Read More

Turkish deep-sea scrap import prices have increased sharply with improving demand from the country's steel mills, sources said on Wednesday February 12.A steel mill in the Izmir region has booked a US cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $268 per tonne, 12,000 tonnes of shredded at $273 per tonne and 4,000 tonnes of bonus at $278 per tonne cfr. It was not clear whether this deal w...Read More

Demand for aluminium and steel coil in China has come under strain while the novel coronavirus (2019-nCoV) crisis has allowed the gears of the country's automotive sector to grind to a halt.Many manufacturing plants across China - including those in the automotive segment - have paused operations in the past two weeks to February 12 after the government extended workers' Lunar New Year holiday to...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday February 12.Key drivers The price range for ferro-titanium has been stable over the past week, with suppliers holding their offer prices against steady but low-key demand from consumers. No deals were reported, apart from in the scrap market where there were reports of almost 40 tonnes bought in the UK at the top end of the latest a...Read More

While equity markets remain buoyant on optimism that the spread of the novel coronavirus (2019-nCoV) may be slowing, the base metals seemed more circumspect on Wednesday February 12 as they wait to see what the fallout from the virus will be in terms of how much disruption the manufacturing sector is suffering.LME base metals prices were up by an average of 0.2%; SHFE base metals prices were mixed...Read More