The unemployment rate moved lower again U.S. stock futures are pointing to a positive start to the trading day following the release of the September jobs report. Nonfarm payrolls for the month rose by 136,000 -- 9,000 fewer than expected, though the unemployment rate fell to 3.5%, the lowest in almost 50 years. This caps off a week of mostly disappointing economic data that has reignited calls fo...Read More
"Beowulf Mining (#BEM) up following update on its application for an exploitation concession at Kallak NorthSwedish government says a decision is 'forthcomin'https://t.co/0VzOp6XWKo"Read full newsRead More
The recent correction in the sector has halted CDE's advance. Nothing has changed that would alter my opinion of the company. In fact, the fundamentals have improved even more since August.In September, CDE agreed to exchange $20 million of its Senior notes for its common stock, and it also made an "at the market" offering of $75.0 million.These two stock offerings have resulted in a $93.9 mi...Read More
Here is what's new today on INK Ultra Money. Exisiting Canadian Insider Club members can get subscriber content by upgrading for the special rate of $99.99 per year (plus tax) via the Membership tab after logging in.1. Jim Rogers on China: Challenge & Opportunity - Real Vision (subscriber video)Jim Rogers has been fascinated by China since he drove his motorcycle across the country in the 1990s....Read More
"Vikram Mansharamani: The Skyscraper Index, The Middle East, And Oil Price Volatility. Subscribe to Seeking Alpha for more: https://t.co/VDWNAEiggb #finance #economy #business"Read full newsRead More
"$ASNA - Ascena Retail Group, Inc. (ASNA) CEO Gary Muto on Q4 2019 Results - Earnings Call Transcript. Get more updates here: https://t.co/D9n5eQy9QY #markets #investing #business"Read full newsRead More
"$COST - Costco's Earnings First Read: Staying The Course. Sign up for updates on Seeking Alpha! https://t.co/mmSk1s4PxI #business #investing #economy"Read full newsRead More
The three-month lead price on the London Metal Exchange was higher at the close of trading on Thursday October 3, with the price closing above $2,100 per tonne amid thin volumes, while copper futures failed to test nearby resistance.Lead's outright price closed at $2,129 per tonne in the afternoon, its highest close since September 30 at $2,131 per tonne, which marked a seven-month high in lead fu...Read More
The three-month copper price on the London Metal Exchange was little moved during morning trading on Thursday October 3, with price action predominantly unaffected by a fresh inflow of some 36,175 tonnes.Copper's outright price on the LME was recently seen trading at around $5,670 per tonne, a drop of just 0.3% from Wednesday's closing price of $5,678 per tonne, while turnover was moderate with so...Read More
Fastmarkets looks at the key takeaways from the annual Fastmarkets North American Ferro-alloys conference in Chicago on September 25-27. Slowing economic, steel production growth will weigh on ferro-alloys prices Ferro-alloys prices will continue to fall going into 2020 because of slowing economic growth and falling steel production, Fastmarkets analyst Amy Bennett told delegates in Chicago last w...Read More
Turkish steel mills have continued to book deep-sea scrap cargoes for November deliveries, with prices recovering slightly on improving sentiment, sources said on Thursday October 3.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 5,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $225 per tonne cfr.The price of the HMS...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back.Fastmarkets pricesClick here for Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam, $ per lbClick here for Fastmarkets' price assessment for cobalt, alloy grade, in-whs Rotterdam, $...Read More
Although prices for imported hot-rolled coil in the EU have been largely stable over the week to October 3, the market outlook remains gloomy, sources told Fastmarkets.Buyers expect further price reductions due to poor demand in Europe, which resulted in tough competition between European mills and imported material."Competition is tough because mills need orders and demand is poor. In addition, d...Read More
The increase in global freight rates caused by tighter emissions control regulations is putting pressure on steel product exporters already facing reduced demand and falling raw materials and steel prices, Fastmarkets has learned. From January 1, 2020, new International Maritime Organization (IMO) regulations come into force to help reduce air pollution from ships globally. Kno...Read More
Reinforcing bar prices in the United States have resumed their downward trek, propelled by declining ferrous scrap prices, slowing demand in certain regional markets and competitively priced imports. Fastmarkets' assessment for steel rebar, fob mill US was at $30-31 per hundredweight ($600-620 per short ton) on Wednesday October 2, down by 3.9% from $31-32.50 per cwt previously and the lowest...Read More
Prices for steel billet and rebar in Egypt fell in the week to Thursday October 3, on still-limited domestic demand, sources told Fastmarkets.However, Egyptian steel production is expected to increase because of reduced production costs in the country. "Egyptian prime minister Mostafa Madbouly approved the recommendations of a consultancy committee to reduce natural gas prices to some industries -...Read More
Turkish domestic rebar prices have inched down over the past week despite demand remaining limited, sources said on Thursday October 3.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was TRY2,730-2,780 ($478-486) per tonne on Thursday, widening down on the low end from TRY2,750-2,780 per tonne ex-works last week.Domestic...Read More
Turkish steel mills have continued to book deep-sea scrap cargoes for November deliveries, with prices recovering slightly on improving sentiment, sources said on Thursday October 3.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 5,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $225 per tonne cfr.The price of the HMS...Read More
The increase in global freight rates caused by tighter emissions control regulations is putting pressure on steel product exporters already facing reduced demand and falling raw materials and steel prices, Fastmarkets has learned. From January 1, 2020, new International Maritime Organization (IMO) regulations come into force to help reduce air pollution from ships globally. Kno...Read More
Seaborne iron ore prices stayed flat on Thursday October 3, with Chinese market participants absent due to the week-long public holiday in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.38 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $92.91 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $91.72 per tonne, unchanged.58% Fe fines high-pre...Read More