The commodity complex is especially exposed to headline sentiment, and there's been a lot going on so far this year.The direction has led gold to, just maybe, start the next bull cycle that has been so long awaited?Energy seems to be continuing its churn, with oil stuck between $50-60. Is that going to change?We ask a panel of Marketplace authors to break down the stories and explain how they&...Read More
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* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, July 11 (Reuters) - Copper was supported by a weakerU.S. dollar on Thursday after Federal Reserve Chairman JeromePowell raised expectations for an easing of monetary policy,although trade war tensions capped gains.Powell said on Wednesday the U.S. economy was under threatfrom a damaging trade war between Washington and Be...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to announce further updates regarding its transition to an omnichannel business.Following the Company's recent corporate update, Peekaboo Beans has announced its quarterly highlights for the period ended March 31, 2019 (Q1 2019):Quarterly Highlights ($CAD)Due to a shift in sales model, sa...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report results from drill holes LE19-15, 16A, 17 and 18. The results include 3.0m of strong uranium mineralization (>1,000 CPS, including 1.0m at >10,000 CPS) in step-out drill hole LE19-18, located 100m east of previous drilling plus a 7.0m long intersection (>1,000 CPS, including 6.0m at >5,000 CPS) of strong uranium...Read More
Domestic price ranges for hollow steel sections in Northern and Southern Europe widened further this week following pressure from decreased feedstock costs and increased import volumes, sources told Fastmarkets on Wednesday July 10.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?625-640 ($700-717) per tonne on Wednesday, down from ?,?630-640 p...Read More
The price of mesh-quality wire rod in Southern Europe has fallen by ?,?10-30 ($11-34) per tonne week on week, because mills in Italy and Spain lowered their offers ahead of the summer slowdown, sources told Fastmarkets on Wednesday July 10.Fastmarkets' assessment of the price of steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?470-500 ($527-560) per tonne on Wednesday, do...Read More
Domestic prices for hot-rolled coil (HRC) in Europe have decreased over the past week due to poor demand, market sources told Fastmarkets on Wednesday July 10.Buying activity has continued, however, but subject to limited demand from end-users and sufficient stocks held by buyers."Market activity is almost non-existent, and the situation is not going to change because in August the mills will go o...Read More
Domestic prices for heavy steel plate across Europe have decreased over the past week due to limited trading activity, sources told Fastmarkets on Wednesday July 10.Fastmarkets' weekly price assessment for steel, domestic, plate 8-40mm, exw Southern Europe, was ?,?500-520 ($560-583) per tonne ex-works on July 10, compared with ?,?515-525 per tonne ex-works a week earlier.The assessment reflected d...Read More
The price of mesh-quality wire rod in Southern Europe has fallen by ?,?10-30 ($11-34) per tonne week on week, because mills in Italy and Spain lowered their offers ahead of the summer slowdown, sources told Fastmarkets on Wednesday July 10.Fastmarkets' assessment of the price of steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?470-500 ($527-560) per tonne on Wednesday, do...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday July 10 that are worth another look.Bosnian aluminium smelter Aluminij Mostar has shut down after years of financial struggle. Copper-zinc miner Hudbay has appointed former Nevsun chief executive officer Peter Kukielski to take over as its interim CEO after longstanding executive Alan Hair stepped down from the post....Read More
Copper-zinc miner Hudbay has appointed former Nevsun chief executive Peter Kukielski its interim chief executive officer after longstanding executive Alan Hair stood down from the post.Hair had been president and CEO of the company since 2016, having been at Hudbay for more than...Read More
In a rare move, Japan has started selling steel billet to Southeast Asia amid diving scrap prices in the country's domestic market.Steel mills in the Tokyo area have started channeling shipments of the semi-finished product to Southeast Asia, where buyers are prepared to pay higher prices than Japanese re-rollers, market sources said.While the sale of Japanese billet to Southeast Asia is not unpre...Read More
Nickel closed around 2% higher on the London Metal Exchange on Wednesday July 10 after peaking at intraday high above $13,000 per tonne, its highest since April. The three-month price bottomed out at $12,710 per tonne before it reversed higher, breaking past key resistance levels to breach $13,000 per tonne. It closed just short of the mark at $12,990 per tonne. More than 10,000 lots of nickel cha...Read More
The seaborne hard coking coal market regained some strength on Wednesday July 10, with a term-contract shipment being agreed at a higher price than some participants had expected. A cargo of top-quality materials in the second-tier segment was heard to have been traded at $174.10 per tonne fob Australia, sources told Fastmarkets during the day. The sale is believed to be part of a long-term contra...Read More
Market participants seem to be waiting for something to provide direction and that impetus is likely to come from the testimony of the United States Federal Reserve chairman later today.Market participants are counting on Fed chairman Jerome Powell to remain accommodating when testifying to Congress, with high odds that the 'insurance cut' of 25 basis points will be implemented in its July Federal...Read More
Nickel closed around 2% higher on the London Metal Exchange on Wednesday July 10 after peaking at intraday high above $13,000 per tonne, its highest since April. The three-month price bottomed out at $12,710 per tonne before it reversed higher, breaking past key resistance levels to breach $13,000 per tonne. It closed just short of the mark at $12,990 per tonne. More than 10,000 lots of nickel cha...Read More
Domestic price ranges for hollow steel sections in Northern and Southern Europe widened further this week following pressure from decreased feedstock costs and increased import volumes, sources told Fastmarkets on Wednesday July 10.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?625-640 ($700-717) per tonne on Wednesday, down from ?,?630-640 p...Read More
Fastmarkets has amended the publication day for two of its weekly Chinese ferro-silicon prices from Friday to Wednesday, effective from Wednesday July 10, following one-month consultation period.The publication day for ferro-silicon 75% Si min, in-whs China, yuan/tonne and ferro-silicon 75% Si min export, fob China, $/tonne has been changed to Wednesday from Friday as of today.This amendment...Read More