Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More

Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More

Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More

Will investors see the glass half full thanks to more Chinese stimulus, or the glass half empty due to Trump tariff tweets? Meanwhile, meet the CEO who will be staring down short sellers when he reports Q1 earnings this week.We cover all that and more in this week's free Insights newsletter. Click here to read (no registration required). Read More

"$ATAX - America First Multifamily Investors, L.P. (ATAX) CEO Chad Daffer on Q1 2019 Results - Earnings Call Transcript https://t.co/kYEgHjfF46"Read full newsRead More

Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended down Monday, but bounced back from earlier lows after China said its trade representatives would still come to the U.S. for talks, despite President Trump's tweets threatening to raise tariffs on China-made goods. Kraft Heinz (KHC - Get Report)  rose slightly after the packaged food company announced it would restate i...Read More

Central banks are going gaga over gold. They are snapping up the metal at the fastest rate in almost half a century in a trend that looks set to continue. Over the 12 months through March 31, they purchased a whopping 715.7 metric tons of gold bullion worth around $29.4 billion, according to a recently published report from the industry group World Gold Council. "In all likelihood, we expect ano...Read More

With LME Asia Week now in full swing, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: How will aluminium premiums in Japan and South Korea likely fare for the rest of the year?The main Japan ports (MJP) aluminium premium typically rises during the peak demand season seen during the second quarter of each year, Fastmarkets MB data indi...Read More

Comex copper remained in a fixed range to open the week, with European market participants sidelined for a public holiday.Comex copper remained in a fixed range to open the week, with European market participants sidelined for a public holiday.The copper price for July settlement on the Comex division of the New York Mercantile Exchange inched up 0.95 cents to $2.8285 per lb.In a post overnight on...Read More

Copper stocks in Shanghai-bonded warehouses rose slightly in April compared with March, while muted trading activity last month pushed the bonded warrant premium for the red metal to a 13-month low.Despite the slight increase, market participants expect copper inventories to decline in the coming weeks and months because the second quarter of the year is traditionally associated with high metal co...Read More

From Monday May 13, Fastmarkets MB will publish the assessment of manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou on Mondays, instead of Wednesdays previously. The change was initially meant to take effect on Monday May 6 following a one-month consultation over the whole of April, taking into account the May 1-3 Labor Day break in China. But this was postponed for anothe...Read More

The Monday Market Minute Global stocks plunge as President Trump threatens to hike tariffs on China-made goods in a weekend Tweet that threatens to upend trade talks between the world's two biggest economies.Just days after saying talks had been "going along pretty well", Trump said tariffs on $200 billion worth of goods could be imposed by Friday, with levies on a further $325 billion to follow...Read More

Ferrous scrap will be the "next big thing" for commodity-based derivatives in Asia, according to the Singapore Exchange (SGX).It is one key commodity that the SGX is looking at to expand its slew of ferrous derivatives under the "virtual steel mill" concept, in addition to the iron ore and coking coal contracts that are already trading well on its platform, the exchange's head of commodities, Will...Read More

Prices for flat steel products in the Brazilian domestic market remained largely unchanged this month as local steelmakers successfully applied a price increase for distributors.Fastmarkets' monthly price assessment for Brazilian domestic hot-rolled coil was at 2,560-2,610 Reais ($650-662) per tonne ex-works on Friday May 3, unchanged from April's assessment. Fastmarkets' monthly price assessment...Read More

China's hot-rolled coil market appeared to have held up against threats of higher import tariffs in the United States on Monday May 6, though sentiment took a beating, which could result in some downside for prices.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($603-604) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, unchangedSpot prices were largely stab...Read More

Russian billet and rebar producer Abinsk Electic Steel Works (Abinsk) has entered into a definitive agreement with compatriot Severstal to buy its long-products mini-mill in Balakovo in the Volga federal district.The transaction, worth $215 million, is expected to be completed by the end of June, following the receipt of approvals and other standard conditions."Following the sale of mini-mill Bala...Read More

The threat of higher import tariffs in the United States failed to have much of an effect on China's rebar market, with domestic prices holding steady on Monday May 6 despite tumbling futures.Domestic Eastern China (Shanghai): 4,090-4,140 yuan ($607-615) per tonne, unchangedNorthern China (Beijing): 3,990-4,030 yuan per tonne, unchangedWhile rebar futures experienced a big decline during the day a...Read More

Trading activity in the Singapore rebar import market was tin in the past week due to an absence of Chinese participants for most of the period due to a holiday.Fastmarkets MB's weekly import price assessment for rebar into Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $505 per tonne cfr for the week to Monday May 6, unchanged from a week ea...Read More

Physical iron ore prices were rangebound on Monday May 6 amid limited trading activity in the wake of further trade uncertainties between China and the United States, as well as the start of steelmaking restrictions in Tangshan.MB 62% Fe Iron Ore Index: $94.34 per tonne cfr Qingdao, up $0.17 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.37 per tonne cfr Qingdao, up $0.17 per tonne. MB 62% Fe...Read More

Nearly 1,500 delegates will descend upon Singapore this week to attend the seventh edition of Singapore Exchange's (SGX) annual Singapore Iron Ore Week.Much of the conversation at last year's event revolved around the need for suitable risk mitigation tools in the iron ore market amid wide and volatile grade differentials due to the Chinese government's environmental protection policy and robust m...Read More