The analyst sees more growth for the semiconductor sector in the second half of the yearJ.P. Morgan Securities said this morning that is feels confident in the acceleration of semiconductor stocks for the second half of this year, calling Broadcom Inc (NASDAQ:AVGO) its top pick. The analyst cited promising seasonal demand and said that chip stocks should continue their upward momentum assuming the...Read More
U.S. trade data is also in focus today Dow Jones Industrial Average (DJI) futures are signaling a positive start amid a number of upbeat headlines. In Hong Kong, leader Carrie Lam said the government will withdraw a controversial extradition bill that ignited months of violent protests, while U.K. lawmakers attempt to block a no-deal Brexit following a bruising defeat for Prime Minister Boris John...Read More
"Premier African Minerals (#PREM) takes a hit after agreeing to extend the repayment terms of its convertible loan note for US$350,000 entered into on the 21 June 2019.https://t.co/iXvuRdv5Mc"Read full newsRead More
The Gold Shares ETF set its 2019 high of $146.13 on September 3, with its all-time high of $185.85 a long-term target.The commodities ETF continues to trade below its "reversion to the mean" now at $15.41.The long dollar ETF remains set on its 2019 high of $27.01 on September 3, testing its monthly risky level for September at $26.99.Here are the weekly charts for the gold, commodities and dollar...Read More
"We are pleased to have @AMCConsultants come on board as a Mining Journal Award sponsor! AMC Consultants are sponsoring the Best Explorer/Developer category. #MJAwards"Read full newsRead More
Does it matter if volatility picks up when stocks were near fresh highs?Whether it's going up or down, stocks have been making bigger daily moves recently. The chart below shows the S&P 500 Index (SPX) along with its average daily absolute return over the past month of trading. That's the daily percent change of the index whether it moves up or down. Investors tend to get uneasy when they start se...Read More
India's gold imports plunged 73% in August from a year ago to the lowest le...Read full newsRead More
India's gold imports plunged 73% in August from a year ago to the lowest le...Read full newsRead More
"#Trump says the #US isRead full newsRead More
The three-month lead price on the London Metal Exchange showed the greatest losses at the close of trading on Tuesday September 3, falling by some 1.6% to close at its lowest level since August 6.Meanwhile, a steady downturn in nickel's outright price saw it close below $18,000 per tonne.Lead futures began their decent during late in the morning, dipping below the support level at $2,000 per tonne...Read More
The London Metal Exchange three-month price nickel price held gains above $18,000 per tonne during morning trading on Tuesday September 3, while a fresh cancellation of around 22,725 tonnes of copper inventory did little to raise the red metal's stagnant price. The nickel price was the standout performer this morning, with trading volumes of just under 6,000 lots exchanged as of 9.30am London time...Read More
Nickel remains in the spotlight because the market now has concrete news to adjust to and tin seems to be rising on nickel's coattails, with Indonesia being the second largest producer of tin in the world.The other metals and markets in general are now waiting for further news on when United States-China trade talks will resume - given generally poor manufacturing purchasing managers' index (PMI)...Read More
Recent losses in the Chinese ferro-silicon price deepened over the past week in line with persistently softer demand, while the European market was steady, although a lack of buying interest was expected to weigh on prices in the near term. Export price in China drops on weak buying interest while domestic market tracks trendEuropean market under downward pressureUS FeSi prices firm on small trans...Read More
Ferro-chrome prices continue to weaken in Europe due to producers' competition for sparse consumer interest. Alloy prices in Europe still weakening at lowest levels since 2009Ore and alloy prices hold in ChinaAlloy prices tick up in South Korea on potential Indian supply disruption US FeCr prices remain flat on thin tradingThe European ferro-chrome price softened slightly to a fresh ten-year low o...Read More
Fastmarkets presents five main takeaways from the Ferroalloynet 16th International Manganese Products conference in Ulanqab, in northern China's Inner Mongolia, on August 28-30. Growth of steel demand in China likely to slow in H2 2019... Both supply and demand for steel in China will maintain a relatively steady pace in the second half of the year, but the growth rate will be slower compared with...Read More
Market participants have kept a close eye on the softening European selenium price over the summer for clues on how the market will perform from September when activity usually starts to pick up. Fastmarkets assessed the price of selenium in-whs Rotterdam at $7.50-9.50 per lb on Friday August 30, unchanged from the previous assessment but still under pressure with several offers pending at th...Read More
Turkish steel producers stayed away from the deep-sea scrap market for a second day this week, with no new cargoes booked on Tuesday September 3, sources told Fastmarkets.No new cargoes have been booked since Tuesday last week when, day on day, prices dropped by $11.55 per tonne. Market participants said they had heard rumors of possible new trades, but wanted to wait until the...Read More
Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More
The Turkish steel producers have started the week quietly, and have not booked any new deep-sea scrap cargoes despite a heavy drop in prices last week, sources said on Monday September 2.The markets have been silent since August 27, when prices dropped by $11.55 per tonne day on day on news of the latest trades.Since then, however, traders have stepped back...Read More
Nickel remains in the spotlight because the market now has concrete news to adjust to and tin seems to be rising on nickel's coattails, with Indonesia being the second largest producer of tin in the world.The other metals and markets in general are now waiting for further news on when United States-China trade talks will resume - given generally poor manufacturing purchasing managers' index (PMI)...Read More