Canadian stocks may soon have some inflationary tailwinds helping them surprise on the upside. Get our take in this week's newsletter. You will also meet the dynamic duo from Burlington, Ontario who are powering a little known Canadian-technology company to record sales.Click here to read this week's edition (registration not required).Read More

Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to provide shareholders and investors with an update on the Company's marketing initiatives and successful transition into its omnichannel business model that has taken course of over 2019. The Company will be hosting a conference call to discuss this update on Thursday June 27, 2019 at 1...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce intersections of uranium mineralization in the first drill hole at its 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).HighlightsDrill Hole LE19-14B intersected a 2.0m thick upper zone of sandstone hosted mineralization from 323.0-325.0m The upper zone...Read More

Zinc's three-month price on the London Metal Exchange was up by more than 2% at the close of trading on Monday June 24, settling at just under $2,500 per tonne. Just under 10,000 lots were exchanged.Despite a slight uptick in zinc's three-month price, storage and financing costs for the metal remain sizable. Zinc's forward spreads on the LME remain tight, with the cash/three-month spread recently...Read More

The benchmark for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2019 has settled at a premium of $108 per tonne cif over the London Metal Exchange cash price. The settlement represents a 3% increase from the second-quarter benchmark of $105 per tonne, which was set at the end of March. Deals for a total of 34,500 tonnes between three major producers, two consumers an...Read More

The discount for No2 copper scrap, comprising 94-96% copper content, narrowed in the Chinese market this month while more buyers began acquiring spot units after the first batch of quotas were announced for purchases in the second half of 2019.Fastmarkets' monthly assessment of the discount for No2 copper, birch/cliff stood at $0.29-0.35 per lb on a cif China basis, as of June 24, down from $0.34-...Read More

The discount for No2 copper scrap, comprising 94-96% copper content, narrowed in the Chinese market this month while more buyers began acquiring spot units after the first batch of quotas were announced for purchases in the second half of 2019.Fastmarkets' monthly assessment of the discount for No2 copper, birch/cliff stood at $0.29-0.35 per lb on a cif China basis, as of June 24, down from $0.34-...Read More

Nyrstar will write down the value of its zinc-copper-gold Myra Falls mine by an additional ?,?30 million ($34.18 million), it said on Saturday June 22, bringing total 2018 impairment on assets to ?,?130 million. Specifically, the company is impairing ?,?117.2 million on its Myra Falls and Langlois mines, with its metal smelting unit taking a ?,?11.4 million write-down. "The company has continued t...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday June 21. China Key drivers  Domestic antimony price in China was flat for the third consecutive week despite sparse trading activity.  Many Chinese antimony suppliers remained resolute in refusing to sell their cargoes at below 40,000 yuan ($5,822) per tonne, citing mounting difficulty in sourcing cheap ore m...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended little changed Monday as investors looked to the upcoming G-20 summit for a breakthrough in U.S.-China trade talks. Shares of Caesars Entertainment (CZR - Get Report) soared after Eldorado Resorts (ERI - Get Report) agreed to buy Caesars in a $17.3 billion deal that will create the biggest U.S. gam...Read More

The price of cobalt continued to fall last week, while prices for standard and alloy-grade units converged, in a market where sellers lowered their offers to offload material not declared on long-term agreements.Fastmarkets assessed the price of standard-grade cobalt at $13.85-14.50 per lb, in-warehouse, falling from $14.25-15 per lb on June 19, and down 3% week on week. Fastmakrets' assessment of...Read More

Fastmarkets MB's World DRI and Pellet conference, held in Dubai last week, took place against a backdrop of challenging circumstances for the steel industry.Finished steel prices, both in the Middle East region and beyond, have trended down over recent months, while certain raw materials prices - such as for iron ore-derived products - continue to soar, heaping pressure on margins.The best way to...Read More

The discount for No2 copper scrap, comprising 94-96% copper content, narrowed in the Chinese market this month while more buyers began acquiring spot units after the first batch of quotas were announced for purchases in the second half of 2019.Fastmarkets' monthly assessment of the discount for No2 copper, birch/cliff stood at $0.29-0.35 per lb on a cif China basis, as of June 24, down from $0.34-...Read More

Turkish steel producers remained out of the deep-sea scrap markets at the beginning of the week, while suppliers were trying to keep offers firm, sources said on Monday June 24.Mills slowed their bookings last week, with almost 80% of all their July requirements booked. Although, this means they still need to book scrap, sources told Fastmarkets.As a result, suppliers were keeping their offers as...Read More

Here are five Fastmarkets MB stories you might have missed on Monday June 24 that are worth another look.Koniambo Nickel SAS, 49%-owned by commodity firm Glencore, has evacuated and temporarily ceased production at its North Plant in New Caledonia following a leak at 6.22am local time on Monday June 24. The United States Supreme Court has denied a request by the American Institute for In...Read More

Geopolitical tensions in the Middle East showed no sign of abating over the weekend after the United States claimed that it had carried out a cyber-attack on Iranian weapons systems in retaliation for the latter shooting down a US drone last week.While the threat of a war between the two remains a possibility, global investors have taken refuge in haven assets amid the rising uncertainty in the re...Read More

The price of cobalt continued to fall last week, while prices for standard and alloy-grade units converged, in a market where sellers lowered their offers to offload material not declared on long-term agreements.Fastmarkets assessed the price of standard-grade cobalt at $13.85-14.50 per lb, in-warehouse, falling from $14.25-15 per lb on June 19, and down 3% week on week. Fastmakrets' assessment of...Read More

MMK Metallurgy, subsidiary of Russia's Magnitogorsk Iron & Steel Works (MMK) postponed the start of its hot-rolled coil production until at least 2021, Pavel Shilyaev, ceo of MMK told Russian news agencies last week.MMK stopped operations at its melt shop and compact strip mill - which have a capacity of 2.3 million tonnes per year - in late 2012 because HRC prices had fallen...Read More

There was an uptick in import prices for steel slab in Asia over the past week after buyers in Southeast Asia returned to the market to book cargoes, while market participants in East Asia were optimistic that downstream flat steel prices had bottomed out.In Southeast Asia, two shipments of slab produced in the Commonwealth of Independent States (CIS) were booked at $440-455 per tonne cfr during t...Read More

China's hot-rolled coil surged on Monday June 24 after news spread that mills in Tangshan, the steelmaking hub in the country's northern region, will start production cuts to curb air pollution.DomesticEastern China (Shanghai): 3,890-3,910 yuan ($566-569) per tonne, up 110 yuan per tonneNorthern China (Tianjin): 3,830-3,850 yuan per tonne, up 60-70 yuan per tonnePrices surged nationwide after the...Read More