Stock futures are holding above fair value despite the nonfarm payrolls reportU.S. stock futures are pointing to a positive open this morning, though they've pared some gains after a downbeat jobs report. Specifically, the nonfarm payrolls report for December showed 145,000 jobs added, compared to economists' expectations of 160,000. As such, the Dow Jones Industrial Average (DJI), S&P 500 Index (...Read More
"$SBNY - Signature Bank's Good Earnings Prospects Not Yet Priced In. Read more and get updates on any stock! https://t.co/y5dmTJceRP #stockmarket #stocks #investing"Read full newsRead More
"$SIMO - Silicon Motion's Share Price Could Revisit All-Time High. Read more and sign up for updates: https://t.co/nI32SLI6p9 #markets #finance #trading"Read full newsRead More
"50 Top U.S. REITs By Gains And 50 By Yield Per January Broker Targets. Read more and sign up for updates: https://t.co/ziN7xDh1B4 #markets #business #investing"Read full newsRead More
"$SNX - SYNNEX Corp (SNX) CEO Dennis Polk on Q4 2019 Results - Earnings Call Transcript. Read more and sign up for updates: https://t.co/Atx3WnxSWf #finance #stockmarket #business"Read full newsRead More
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"$SLP - Simulations Plus, Inc. (SLP) CEO Shawn O'Connor on Q1 2020 Results - Earnings Call Transcript. Read more and get updates on any stock! https://t.co/Jz6Ci8Jtjj #markets #finance #economy"Read full newsRead More
Entering the Bombor?(C) project site in Burkina Faso. Credit: Orezone Gold Burkina Faso-focused developer Orezone Gold has announced a C$20 million bought deal co-led by Canaccord Genuity and PI Financial. The underwriters will purchase a total of 37.1 million units with each unit comprised of one share and half of a warrant.Proceeds are intended for advancing the Bombore project and for working...Read More
Minsur, a Peruvian mining company, operates the San Rafael underground tin mine in Peru. In 2015, the mine contributed an estimated 6% of the world's total tin production. That year, Minsur initiated activities to safeguard the future value of its asset, addressing challenges such as declining head grades and tackling operating costs.It undertook an ore sorting project aimed at improving productiv...Read More
Fruta del Norte, discovered in 2006, is one of the world's biggest recent gold findings. (Image courtesy of Lundin Gold) Lundin Gold (TSX: LUG) reported Thursday afternoon that ramp-up to commercial production is on schedule and on budget at its Fruta del Norte gold project in southeast Ecuador, the country's largest. A total of 28,678 ounces of gold were produced by the end of 2019.Of the total...Read More
Gold is emerging from a dark period. Tolima gold mask from Gold Museum in Bogota, Colombia. On Thursday, gold was retreating further from near seven-year highs reached Tuesday, but even gold bugs probably aren't complaining (not too much anyway) about a price in the mid-$1,500s, the highest since March 2013.The extent of gold's rally caught most market watchers by surprise. Hedge funds speculatin...Read More
Official White House photo by Shealah Craighead. Canada and the US announced Thursday they have finalized the Canada-US Joint Action Plan on Critical Minerals Collaboration, aimed to advance the countries' mutual interest in securing supply chains for the critical minerals needed for manufacturing sectors, communication technology, aerospace and defence, and clean technology. Of the 35 minera...Read More
The three-month zinc price on the London Metal Exchange had declined at the close of trading on Thursday January 9, dipping below nearby support levels after a fresh inflow of 1,500 tonnes into Singapore capped momentum gained earlier in the week.Zinc's outright price on the LME closed at $2,377 per tonne this afternoon, dipping back below nearby resistance after reaching an intraday and two-month...Read More
Key data from the price assessment on Thursday January 9. Fastmarkets assessed the aluminium P1020A premium, in-whs dup Rotterdam at $95-100 per tonne on Thursday, up from $90-100 per tonne the day before and from $85-95 per tonne at the beginning of January.Key drivers:Supply for P1020 in Rotterdam, and other European ports, is tight, especially for certain shapes or other specifications. Alumini...Read More
There has been a flurry of buying activity in the Chinese alumina market at the start of January, supporting the benchmark alumina price above $270 per tonne. Fastmarkets calculated the benchmark daily alumina index, fob Australia at $277.36 per tonne on Thursday January 9, up from $275.77 per tonne on Wednesday. The index has traded between $275 and $277 per tonne since December 27. Key driv...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday January 9 that are worth another look.The World Trade Organization has made a final ruling that the Moroccan authorities violated parts of the WTO's Anti-Dumping Agreement in its imposition of tariffs on hot-rolled coil imports from Turkey.Mining and trading company Mitsui is ceasing copper concentrate blending in South Korea,...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday January 9 that are worth another look.The World Trade Organization has made a final ruling that the Moroccan authorities violated parts of the WTO's Anti-Dumping Agreement in its imposition of tariffs on hot-rolled coil imports from Turkey.Mining and trading company Mitsui is ceasing copper concentrate blending in South Korea,...Read More
There has been a flurry of buying activity in the Chinese alumina market at the start of January, supporting the benchmark alumina price above $270 per tonne. Fastmarkets calculated the benchmark daily alumina index, fob Australia at $277.36 per tonne on Thursday January 9, up from $275.77 per tonne on Wednesday. The index has traded between $275 and $277 per tonne since December 27. Key driv...Read More
The Chinese alumina price recently reached a floor and began entering into a rebound on the spot market, however, excess market supply has limited the uptrend, market participants said."The bearish news of large quantities of imported material continuing as well as an oversupplied domestic market have been digested by the market already so we assume the price will enter an upward trend from now on...Read More
Fastmarkets will publish its price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, on a daily basis from Monday February 3, 2020.Join members of Fastmarkets' editorial and pricing team for a discussion on the results from its recent consultation on cobalt pricing frequency, insights from Fastmarkets' pricing database and details on the practicalities of daily cobalt pricing. Cli...Read More