The three-month base metals prices traded on the London Metal Exchange were stronger across the board with gains averaging 0.3% on the morning of Wednesday February 20, compared with Tuesday's closing levels.Copper has generally led the move higher in recent days with prices reaching a high of $6,350.50 per tonne this morning, which has taken it well into the resistance area on the chart that lies...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday February 20*Copper -$147.03 (-991.62 yuan)Aluminium -$323.54 (-2,182.07 yuan) Zinc -$95.16 (-641.77 yuan) Nickel -$290.43 (-1,958.73 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More
The following Fastmarkets minor metals prices changed on Wednesday February 20:Minor metalsCadmium MB free market min 99.99%, cents/lb: 137-145 per lb from 136-143Cobalt MB free market alloy grade, $/lb: $15.90-17.35 per lb from $15.90-17.95Cobalt MB free market standard grade,...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Minor metals producer Vital Materials has reached a final agreement with French company Orrion Chemicals for the acquisition of bismuth specialties activity supported by Spanish entity Orrion Chemicals Bischem (OCB), Vital said on Wednesday February 20.The transaction will be concluded in the coming weeks, it added.OCB is located near to Barcelona, in Canovelles, and is dedicated to the manufactur...Read More
Glencore has reported modest increases in ferro-alloys earnings and production for 2018, underpinned by a stellar stainless steel market. Earnings before interest, tax, appreciation and amortization at the trader-miner's ferro-alloys division rose 2% year on year to $670 million, the company said on Wednesday February 20.Ferro-chrome production reached 1.59 million tonnes, up 3% year on year. Glen...Read More
Import prices for stainless steel in East Asia inched up over the past week, with the upward momentum in regional prices subsiding on soft demand, sluggish spot trading and the stable nickel market.Fastmarkets MB's weekly import price assessment for 304 stainless 2mm trimmed cold-rolled coil (CRC) in East Asia was $1,990-2,090 per tonne cif on Wednesday February 20, up $10 per tonne from a week ea...Read More
Key data from the Wednesday February 20 pricing session in Europe. Key drivers The European ferro-titanium spot price increased, with prices moving up on the low end of the range, after supply worries involving a major supplier prompted short-covering. Ferro-titanium producers and traders say they have been getting more buying interest from Europe and the United States. The producer typicall...Read More
First put out on Facebook Live 18th Feb 2019.Sign up at http://www.globalaim.co.uk so I can contact you when I eventually get deleted.Read More
click here to subscribe to the new TNN Raw Channel https://www.youtube.com/channel/UCPg8...click here for crispy cash donations https://streamlabs.com/tommysotomayor...CLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU & PURCHASE TICKETS FOR THE ANTI PC TOUR! https://www.sotomayorent.com/preorder...donate at http://www.paypal.me/tommysotomayorDonate To Team RED: https://streamlabs.com...Read More
As U.S. markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target: $1355!Please click here now. Gold is well on its way to becoming a mainstream asset like stocks and bonds.The reason for that is the "...Read More
Intermediate gold miner New Gold (TSX:NGD)(NYSE:NGD) has been roughly handled by the market, losing 64% over the last year, despite gold losing a mere 1%. Much of this can be blamed on management revising production forecasts downwards and a raft of issues impacting operations at New Gold's Rainy River mine. While there are concerns over New Gold's ability to unlock value, there was a significant...Read More
One of North America's most advanced lithium mining-development-stage plays, Nemaska Lithium (TSX:NMX) is heavily beaten down right now after a precipitous share price drop on February 13. Could this be the best entry point for contrarian investors, who have always harboured some affection for the stock?Why the scary plunge? On February 13, Nemaska Lithium stock plunged by as much as 46% in a day...Read More
As U.S. markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target: $1355!Please click here now. Gold is well on its way to becoming a mainstream asset like stocks and bonds.The reason for that is the "...Read More
It said a syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at $5.40 each.Read More
Visible gold in diamond drill core from Wallbridge's Fenelon gold project in Quebec. Source: Wallbridge Mining Co. Ltd.Wallbridge Mining Co. Ltd. [WM-TSX; WC7-FWB] shares were active again Thursday February 21 after the company said drilling has identified a new gold zone at its 100%-owned Fenelon Gold property in Quebec."The new zone intersected in hole FA-18-051 is located several hundred metres...Read More
It's an incredibly unloved stock.Perhaps that's why I like it so much.Supreme Cannabis (TSX: FIRE)(OTCBB: SPRWF), a Canadian cannabis player, announced earnings last week and absolutely crushed it.The company narrowed losses, improved margins, and boasted a revenue increase of 359%.But investors yawned. Or rather, they were preoccupied with two other cannabis companies that were also announcing ea...Read More
Bluestone Resources Inc. (TSXV:BSR, OTCQB:BBSRF) is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects, located in Guatemala. A Feasibility Study on Cerro Blanco returned robust economics, with a quick pay back and an average annual production projected to be 146,000 ounces per year, over the first three years of...Read More
By Avi Gilburt, ElliottWaveTrader.net There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English interpretation of this expression would be a grandmother's tale, or in the common vernacular, an old-wives' tale.Of late, I am seeing a bubbe meise about the importance of central bank buying of gold, and it is making its rounds on websites all over the i...Read More
By: Ira EpsteinGold continues to trend with lower-lows, higher-highs. In a resistance area. The gold market is overbought. Gold stocks - $GDX - also back up into upper resistance and overbought as well. That does not mean in a downtrend...Read More