China imported 1.16 million tonnes of coking coal from Australia in February, down 25% on the year amid port restrictions that emerged at the end of January. The country imported 1.54 million tonnes of Australian coking coal in February a year earlier, according to Chinese customs data.Customs authorities in China had issued verbal directives to end users that Australian coking coal would undergo...Read More
The United States' copper market was modestly lower on Tuesday March 26 morning amid a lack of trading action and industry participants seeking fresh market catalysts. The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched down 0.30 cents to $2.8535 per lb. Copper trading has been fairly quiet over the past several weeks, with modest global growth...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 26*Copper -$132.83 (-893.62 yuan) Aluminium -$266.47 (-1,792.59 yuan) Zinc -$147 (-988.88 yuan) Nickel -$309.55 (-2,082.41 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE...Read More
Zinc's three-month price on the London Metal Exchange was higher during morning trading on Tuesday March 26, with price action keeping firmly above $2,800 per tonne, while the rest of the complex consolidates lower amid dampened investor sentiment. Contributing to the slump in price action, weaker than expected manufacturing data last week from both the United States and Europe continue to indicat...Read More
Northwest China's non-ferrous metals producer-Baiyin Nonferrous Group will suspend one third of its zinc production lines from March 26 for a 20-day planned maintenance period, market sources told Fastmarkets MB.The company runs six, zinc operation lines and will halt two from today until the middle of April. "About 2,500 tonnes of zinc will be removed in Baiyin during March 26-31 [because of the...Read More
Three-month base metals prices on the London Metal Exchange had a mixed start to trading on Tuesday March 26 while recessionary fears subsided. The US 10-year bond yield has rebounded off the 2017 lows reached on Monday, providing global markets with some relief and allowing Asian equity indexes to trade confidently higher on the back of improved risk sentiment.In terms of volume, a total of 4,497...Read More
The high-grade manganese ore index fell on Friday March 22 after sellers re-entered the market offering at a price stable with last month; in alloys, the Chinese ferro-manganese price rose following the recent recovery in the country's silico-manganese market. 44% manganese ore index retreats after previous climbDeals for 37% material concluded at higher levelsSilico-manganese prices rise in China...Read More
Already-strong palladium prices soared to new heights in March, with spot palladium prices topping US$1,600 for the first time on March 20, and hitting an all-time record high of US$1,604 per oz. the next day before pulling back hard to US$1,532 per oz. at press time on March 26.The peak above US$1,600 capped a remarkable seven-month run for palladium, which bottomed briefly at US$842 per oz. in A...Read More
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Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a ra...Read More
Weak inflation, a drop in retail sales, and an inverted yield curve have market watchers worried about the Canadian economy and the Canadian dollar.That got me thinking about stocks that would benefit should the Canadian dollar weakens.Here are some sectors and stocks that stand to benefit:Metals and miningMany mining companies that have assets in Canada will benefit from a falling Canadian dollar...Read More
High returns are the Holy Grail for capital gains investors and dividend portfolio owners alike. The following stocks have decent long-range predictions, and display a spread of stats that should satisfy even the most stringent of investors looking for high-performance stocks on the TSX index to buy and hold for the mid- to long-term. From capital goods to software, let's see what's in today's mys...Read More
Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a ra...Read More
Thor Mining PLC (LON:THR) has acquired two gold and uranium focused companies in Australia in a move to expand its operations portfolio in the country.The exploration firm, which already has a portfolio of assets in tungsten, molybdenum, copper, and other metals, said it had acquired Pilbara Goldfields Pty Limited (PGL) and Hamersley Metals Pty Limited (HML), which together hold interests in two g...Read More
Avocet has sold the Inata gold mine in Burkina Faso, but still owns part of the Tri-K gold project in Guinea, in which Managem has a 70% stake. The company owes Elliott US$29.9 million, through a loan due since 2013. The mercurial US fund led by Paul Singer is also the company's largest shareholder. Avocet's shares were suspended for two months last year when it missed the deadline...Read More
Largo's Maracas Menchen Mine in Bahia State, Barzil. Source: Largo Resources Ltd.Largo Resources Ltd. [LGO-TSX; LGORF-OTCQX] shares rallied Wednesday March 27 after the company said record production at its Brazilian vanadium mine enabled it to generate a profit of $316 million or 61 cents a share in 2018.Largo CEO Mark Smith said the company is now looking at ways to return capital to its share...Read More
Rubicon's Phoenix Gold Project in the Red Lake mining camp of northwestern Ontario. Source: Rubicon Minerals Corp.Rubicon Minerals Corp. [RMX-TSX; RBYCF-OTC] on Wednesday March 27 released an updated mineral resource update for its flagship Phoenix gold project near Red Lake, northwest Ontario.The company said measured and indicated resources at the site are up 110% to 589,000 ounces in comparison...Read More
Pouring a gold bar at the Cariboo Gold Project, east-central British Columbia. Source: Barkerville Gold Mines Ltd.Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] said Wednesday March 27 that it is raising $20 million from a bought deal private placement to fund exploration and development at its flagship Cariboo Project in British Columbia.The company said an underwriting syndicate led...Read More
It’s been about 3 years since I said, “Screw this shit, no mas” to the corporate workplace. Yup, there’s been plenty of ups and downs from that point up to now, but all things considered, I can say quite confidently to you all now: I’ve got absolutely zero regrets. Sure, I wish I had a “do over” button a lot of the times; along the journey of Li...Read More