Hong Kong Exchanges and Clearing (HKEX), owner of the London Metal Exchange, has reported higher revenues and earnings in its first-quarter results this week, on lower LME volumes and higher operating expenses.The group's consolidated results for the three months to 31 March 2019 showcase an overall revenue increase of 3% compared with the first quarter of 2018, while earnings before interest...Read More
China's hot-rolled coil prices weakened on Wednesday May 8 amid persistently thin trading.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($599-601) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,920-3,950 yuan per tonne, widening downward by 20 yuan per tonneMarket participants said mills lowered their offers during the day in response to recent days' sluggish buying.But this...Read More
Fastmarkets' global copper premiums held flat on Tuesday May 7 amid a broadly weak buying appetite, while a dip in three-month copper prices on the London Metal Exchange and easing tightness in copper's forward spreads did little to galvanize the stagnant premium levels. Shanghai premiums hold at a 2-year low Lack of demand limits European buyingWeak second-quarter demand caps US premiums Shanghai...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Wednesday May 8:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 42,000-43,000 yuan per tonne from 43,500-44,500 yuanBismuth MB free market, $/lb: $3.30-3.70 per lb...Read More
Some Chinese germanium producers have slowed or even halted their output in their efforts to avoid more severe losses after the price of the metal sank lower than was expected in the first quarter of the year, sources have told Fastmarkets.A Kunming-based germanium producer had plans to suspend production at one plant for half of this year, starting from May, a China-based market source said.This...Read More
Key data from the Wednesday May 8 pricing session in Europe. Key drivers The European ferro-titanium price was stable week on week, extending a steady trend for the fourth pricing session in a row.Scrap markets have been steady for the third consecutive week. Alloy supply worries are supporting prices despite low key trading activity in the week to Wednesday. Market sentiment is being...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 8:Aluminium scrapCommercial pure cuttings: ?930-970 per tonne from ?960-1,000Loose old rolled cuttings: ?660-680 per tonne from ?680-700Baled old rolled: ?730-750 per...Read More
Norsk Hydro will aim to create a more sustainable footprint through the life cycle of its low-carbon aluminium products and solutions, the company's new president and chief executive officer, Hilde Merete Aasheim, said this week.Aasheim took up her new position at the Norwegian aluminium producer on Wednesday May 8, replacing Svein Richard Brandtz??g whose departure was announced in Marc...Read More
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The scriptures dictate that if the "FOUNDATIONS" be destroyed, what can the righteous do? Psalm 11:3. In this particular teaching, we will discover why the righteous (Christians) are not getting ahead or prospering as promised by God in his word. We will also discover that carrying the title of Christianity alone and ignoring spiritual family secrets such as (the worshiping of other gods and forgi...Read More
Rockridge Resources (TSX-V: ROCK) is a fairly new mineral exploration company focused on the acquisition, exploration & development of mineral resource properties in Canada. Its focus is copper & base metals. More specifically, base, green energy & battery metals, of which copper is all three! Not just any place in Canada, world-class mining jurisdictions such as Saskatchewan. And,...Read More
While it’s impossible to eradicate risk entirely from a metals and mining stock portfolio, there are definitely strategies a new investor can stick to in order to bring it down. One way is to invest in ETFs that spread the risk of various assets, while another is to pick miners that have the healthiest balance sheets and track records. Here are two stocks that may fit the bill for a young TS...Read More
TSX Index investors should be no strangers to uncertainty in the markets at this stage; however, with the return of the Sino-American trade war to the financial headlines, it may be time once again to wheel out the gold stocks.A favourite among shareholders and portfolio managers in times of stress, gold remains a top defensive pick, with pure-play mining stocks being at the forefront of the movem...Read More
Rockridge Resources (TSX-V: ROCK) is a fairly new mineral exploration company focused on the acquisition, exploration & development of mineral resource properties in Canada. Its focus is copper & base metals. More specifically, base, green energy & battery metals, of which copper is all three! Not just any place in Canada, world-class mining jurisdictions such as Saskatchewan. And,...Read More
Bob Moriarty ArchivesMay 9, 2019Inearly December of last year I wrote about what I considered a really great deal for investors to sign up for a year of the DSI Index at a nice discount. Jake Bernstein is offering a deal this year, not quite as good, but just as valuable. You could pay for it with a single good trade. Until June 15th you can get a year of the DSI Index for $1000 off the regular pr...Read More
Both are $500 million, but one is a five-year bond with a coupon of 5.125% and the other is a 10-year bond with a coupon of 6.125%. Gold Fields said the final combined book for the bond issues was more than $3 billion. The company said it would repay what remained of its $1.29 billion existing credit line, and refinance or repurchase other debt. "One of Gold Fields' financial target...Read More
They said it wouldn't happen until the end of the year.But now it looks like the state of Michigan will begin accepting recreational cannabis business license applications as soon as September.Why should you care?Well, if you hate money, then you shouldn't.But if you want to take part in the next wave of pot stock profits, pay close attention to what I'm about to share with you.Easy MoneyLast year...Read More
By: IRA EPSTEINI don't see them giving them more time - this is a big event..Gold is going so far nowhere. There is so much uncertainties in this market:Read More