Here are five Fastmarkets MB stories you might have missed on Friday February 7 that are worth another look.Prices in Southeast Asia's steel billet market have tumbled last week amid speculation that Chinese billet importers could annul contracts on the grounds of virus-related force majeure.China has halved tariffs on a slew of US-sourced metals and minerals including copper cathodes and rare ear...Read More
Premi??re partie (sur deux) sur le th??me des sept f??tes de l'Eternel institu?(C)es dans la Bible. Cet enseignement est une pr?(C)sentation simple pour ceux qui ne connaissent pas ces f??tes ou pour ceux qui ont besoin de se les rem?(C)morer.Nous voyons Leurs noms en Fran??aisLeurs noms en H?(C)breuLeur signification historiqueLeur signification symboliqueLeur signification proph?(C)tiqueCet ense...Read More
Credit: BeMetals Since B2Gold launched BeMetals two years ago as a base-metals-focused junior, the company has picked up a development-stage zinc-silver project in southwestern Idaho, called South Mountain.Originally floated in early 2018 on the early-stage Pangeni copper project in Zambia, BeMetals wanted to add more advanced-stage base metal projects to its portfolio, and in early 2019 acqui...Read More
Ganfeng Lithium now has a 51% stake in the Cauchari-Olaroz project in Argentina. Image courtesy of Lithium Americas Corp Vancouver-based Lithium Americas has entered into definitive agreements with China's Ganfeng Lithium to alter the ownership structure of their joint venture (JV) company Minera Exar, the holding company for the Cauchar?--Olaroz lithium brine project in Jujuy, Argentina.Pursuant...Read More
Credit: Outotec Outotec has added two new flotation solutions to its product line, the TankCell s-Series flotation units and the CellStation, an intelligent solution for controlling the air feed and pulp level in flotation cells.Outotec TankCell s-Series flotation units are standardized units based on Outotec's proven TankCell e-Series solution. The company says the units provide superior metallu...Read More
Bob Moriarty ArchivesFeb 10, 2020There are times I want to grab the average investor by the stacking swivel and give them a good hard shake. While the shares are up about 35% since the first of the year, they took a 15% tumble on Friday when the company announced the first deep hole. Strong investors in Irving should wave at the weak hands and remind them to not let the swinging door bang them on...Read More
Metso, which has concluded its acquisition of Canadian mobile aggregates equipment supplier McCloskey and will wrap up its mining merger with Outotec in a few months, reported 15% higher sales, year-on-year, of EUR3.63 billion and a 5% bump in orders to EUR3.69 billion for 2019, with operating profit also up 11.6% at EUR474 million.The December quarter was solid with sales 7% higher yoy at EUR914...Read More
Today is Monday, February 10, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,576.90. It's up 0.13% from yesterday and up 19...Read More
Today is Monday, February 10, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Enterprise Products Partners LP (NYSE: EPD), Callon Petroleum Company (NYSE: CPE), and Diamondback Energy (NASDAQ: FANG).Enterprise Products Partners LP (NYSE: EPD)Enterprise Products Partners LP (NYSE: EPD) is a $55.67 billion company today with a one-year return of -7.89%. L...Read More
I visited my parents over the weekend and got talking to my father about personal finance, the low savings rate in America, and the broad economic implications thereof.The average savings rate in America right now is just over 8%, meaning for every $1000 earned the average American only saves about $80. Compare that to China, where the average savings rate is about 25%.Dad asked me, "Do you rememb...Read More
StrengthsThe best performing metal this week was palladium, up 1.44 percent as Jeffrey Currie, head of global commodities research at Goldman Sachs, commented he sees the potential for palladium to test $3,000. With Friday's gain, gold saw a third straight day of positive momentum as concerns of economic fallout surrounding coronavirus outweighed stronger-than-expected U.S. job gains. Holdings i...Read More
By: David HaggithThe best time to size up the collapse in housing that I called almost two years ago will be when it is over so we can visualize its full extent. Since it is now over by some measures, though not by others, this might be as good as we get for awhile as a moment when we can pause to take a broad scan of the full extent of our damages to date. However, as you'll see below, we'...Read More
Richard (Rick) Mills, Ahead of the herdThe Trump administration has just granted its Commerce Department sweeping powers to slap tariffs on countries it decides are manipulating their currencies to the detriment of the United States and its exporting companies. For some this will come as news; at AOTH, it is confirmation that our earlier warning, reported here, has come true. In our article '...Read More
Rick Ackerman, Rick's Picks Could it possibly get any better? Trump has shrugged off impeachment and taken a well-earned victory lap, the Democrats are headed for a landslide loss in November, and the U.S. consumer economy is hitting on all twelve cylinders, powered by shop-till-you-drop exuberance that has made even the ongoing, trillion dollar writedown of shopping malls a relatively nigg...Read More
StrengthsThe best performing metal this week was palladium, up 1.44 percent as Jeffrey Currie, head of global commodities research at Goldman Sachs, commented he sees the potential for palladium to test $3,000. With Friday's gain, gold saw a third straight day of positive momentum as concerns of economic fallout surrounding coronavirus outweighed stronger-than-expected U.S. job gains. Holdings i...Read More
By: David HaggithThe best time to size up the collapse in housing that I called almost two years ago will be when it is over so we can visualize its full extent. Since it is now over by some measures, though not by others, this might be as good as we get for awhile as a moment when we can pause to take a broad scan of the full extent of our damages to date. However, as you'll see below, we'...Read More
Richard (Rick) Mills, Ahead of the herdThe Trump administration has just granted its Commerce Department sweeping powers to slap tariffs on countries it decides are manipulating their currencies to the detriment of the United States and its exporting companies. For some this will come as news; at AOTH, it is confirmation that our earlier warning, reported here, has come true. In our article '...Read More
Rick Ackerman, Rick's Picks Could it possibly get any better? Trump has shrugged off impeachment and taken a well-earned victory lap, the Democrats are headed for a landslide loss in November, and the U.S. consumer economy is hitting on all twelve cylinders, powered by shop-till-you-drop exuberance that has made even the ongoing, trillion dollar writedown of shopping malls a relatively nigg...Read More
RAPAPORT... Fancy-color diamond prices fell as a sharp decline in demand for yellows outweighed growth in other hues, according to the Fancy Color Research Foundation (FCRF).The organization's Fancy Color Diamond Index for yellows fell 5.4% year on year in the fourth quarter, while prices for blues rose 0.2%, the FCRF said Monday. Pink fancy-color diamonds inched up 0.1%, with the overall ind...Read More
RAPAPORT... When millennials tuck into their avocado toast, they probably don't realize they're going along with a successful marketing campaign that began decades ago. Sales and prices of the slippery green fruit have soared since the 1990s thanks to subtle efforts by avocado producers to reposition the once-unpopular item as a healthy, trendy food.The diamond industry has gone the opposite way....Read More