Friday saw Ariana Resources (LSE:AAU) reveal positive progress in joint venture ("JV") discussions for its Salinbas project in Turkey. The firm said that i...Read full newsRead More
"Following its strong recent progress in South Africa, Katoro Gold (#KAT) has provided a comprehensive update on its gold and nickel asset portfolio across Tanzania - https://t.co/dU5xcyZnDE"Read full newsRead More
Wells Fargo is waxing optimistic on the retailer's upcoming earnings reportShares of home improvement retailer Home Depot Inc (NYSE:HD) are up 0.4% at $243.30 this morning, enjoying a fresh bull note out of Wells Fargo. The brokerage firm -- which waxed optimistic about the company's upcoming earnings report on Feb. 25 -- hiked its price target to $265 from $240, a 9.3% upside to last night's cl...Read More
The company cancelled 18 more of its cruises, and lowered its full-year guidance Royal Caribbean Cruises Ltd (NYSE:RCL) has seen a serious tumble down the charts in recent weeks, as coronavirus headwinds continue to slam the travel sector. In fact, the cruise company commented on the immediate economic implications of the deadly virus last night, announcing that it has cancelled 18 cruises, and lo...Read More
EBAY is now up 13% already in FebruaryThe shares of eBay Inc (NASDAQ:EBAY) are up 0.9% to trade at $37.89 this morning, after the company announced it was raising its share buyback plan to $4.5 billion from $1.5 billion. The e-tail icon also disclosed a stronger-than-expected first-quarter guidance for 2020, which prompted a price-target hike from $51 to $47 at Credit Suisse.The triple dose of po...Read More
NVDA is headlining a busy morning for earnings moversU.S. stock futures are trading above fair value this morning, hinting at more record highs for the major indexes and another weekly win. The Dow Jones Industrial Average (DJI) is eyeing a moderately higher open, as traders consider a number of earnings releases this morning. Leading the way is an impressive report from semiconductor company Nvi...Read More
"Great Chart -- note the Divergence warning on the indicator below.However note The market refusing to budge now at top of CHANNEL for a month now.Tops are usually fast & upper channel line won't take too many more bars before it gives way. Correction needs to start soon or UP https://t.co/WdmdAzuBx1"Read full newsRead More
"$CRZBF $CRZBY - Commerzbank AG (CRZBF) Management on Q4 2019 Results - Earnings Call Transcript. https://t.co/fPT6KhhJVp #finance #markets #stocks"Read full newsRead More
Drilling at Dixie project. Image from Great Bear Resources Great Bear Resources (TSX: GBR) has traced gold mineralization along a 4.2-km long stretch of the LP fault at its 91-sq.-km Dixie gold project in Ontario. The company now plans to test a 5-km section of this 18-km structure down to a depth of 500 metres, to cover a 2.5 sq. km panel.Drill highlights from the latest release include:21 metre...Read More
Credit: Troilus Gold Troilus Gold (TSE: TLG) announced on Thursday an upsized non-brokered private placement with gross proceeds expected at up to C$12.8 million, up from C$10 million previously.The placement features a common share offering component of up to 11.3 million common shares, at C$0.65 each, for gross proceeds of up to C$7.3 million. The flow-through portion includes the issue of up t...Read More
The three-month price for lead on the London Metal Exchange was higher at the close of trading on Thursday February 13, nearing the $1,900 per tonne resistance level on a 1.7% uptick, while a positive close for LME copper saw it also approach nearby resistance.Lead's underlying price on the LME closed at $1,892 per tonne, climbing from an intraday low of $1,844.50 per tonne, while turnover was mod...Read More
The alumina index, fob Australia remained just above $280 per tonne so far this week amid quiet trading conditions. Fastmarkets calculated the daily benchmark at $281.69 per tonne on Thursday February 13, little changed from $281.61 per tonne the previous day. The index has hovered around $281 per tonne since February 7 and remains close to its highest level since November 7, when it was at $...Read More
The novel coronavirus (2019-nCoV) has not affected China Hongqiao Group's aluminium production, which is operating at its full running capacity of 5.86 million tonnes in Shandong province, the company confirmed to Fastmarkets."Our aluminium production was not impacted by the novel coronavirus. Now we are running at almost 5.86 million tonnes of aluminium and this is our full operating capacity in...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday February 13 that are worth another look.The China Iron & Steel Association (Cisa) is seeking the Chinese transport ministry's help to solve logistical problems experienced by steelmakers in recent weeks, especially those affecting the delivery of raw materials, market sources told Fastmarkets.The novel coronavirus (2019-nCoV) h...Read More
The alumina index, fob Australia remained just above $280 per tonne so far this week amid quiet trading conditions. Fastmarkets calculated the daily benchmark at $281.69 per tonne on Thursday February 13, little changed from $281.61 per tonne the previous day. The index has hovered around $281 per tonne since February 7 and remains close to its highest level since November 7, when it was at $...Read More
The novel coronavirus (2019-nCoV) has not affected China Hongqiao Group's aluminium production, which is operating at its full running capacity of 5.86 million tonnes in Shandong province, the company confirmed to Fastmarkets."Our aluminium production was not impacted by the novel coronavirus. Now we are running at almost 5.86 million tonnes of aluminium and this is our full operating capacity in...Read More
A summary of South32's earnings, alumina and aluminium production results for the first half of its 2020 financial year ended December 31, 2019. In brief: South32's underlying adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) declined by 48% to $678 million.Profits before tax have slumped 72% to $251 million from $908 million in first half of last year.Company reven...Read More
Cobalt sulfate and tetroxide prices in China continue to be underpinned by tight supply and resumed demand after the Lunar New Year holiday, but mid-term demand is still in check due to the novel coronavirus (2019-nCoV) outbreak. Fastmarkets' assessment for cobalt sulfate 20.5% Co basis, exw China rose to 53,000-55,000 yuan ($7,589-7,876) per tonne on Wednesday February 12, up 2.9% from 52,00...Read More
Key data from the Wednesday February 12 pricing session in Shanghai and London. Key drivers Tight spot supply pushes cobalt hydroxide payables up again, now at their highest since the end of October 2019.Customers pay a premium for nearby, prompt material in preference to that coming from Africa, where logistical bottlenecks have also slowed down shipments. ...Read More
Turkish deep-sea scrap import prices have continued to increase with the news of a fresh cargo being sold on Thursday February 13.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $273.50 per tonne and 5,000 tonnes of bonus at $283 per tonne cfr.This compared with a US cargo sold on early Wednesday at $268 per tonne and a Baltic Sea cargo so...Read More