Investing in 2020 has taught us several lessons. It has shown us the fickle nature of the stock market after the unprecedented sell-off witnessed in March 2020. The S&P 500 Composite Index and the TSX lost close to 36% in just over a month. However, soon after, investors also witnessed the strongest rebound from bear market lows over the next six months.While it is impossible to time the marke...Read More

The quick recovery in equities despite the coronavirus’s continued spread led many to believe that stock markets could crash again. The argument might hold given the uncertainty and a resurgent virus in the background. However, the significant amount of liquidity poured into the economy through massive stimulus packages and the gradual recovery in demand suggests otherwise. While the tr...Read More

Oct 12, 2020 Guest(s): Lyn Alden Founder, Lyn Alden Investment Strategy While the the unemployment rate has skyrocketed in the wake of this year's recession, equally concerning for economic growth is the long-term trend of the declining labor force participation rate, or the percentage of people able to work that is in the workforce or looking for employment, said Lyn Alden, founder of Lyn Alden...Read More

Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More

The three-month prices for zinc and lead on the London Metal Exchange were the standout performers at the close of trading on Monday October 12, with the prices of both metals climbing by just over 1% at settlement.Meanwhile, selling pressure for LME copper saw its underlying price edge lower, while forward spreads swung back into contango.Zinc's outright price on the LME closed at $2,440 per tonn...Read More

Jack ChanPosted Oct 12, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Our ratio is back on BUY signal.USD is back on SELL signal.The bounce is over, looking for a test of the recent low, and per...Read More

The wait time for aluminium to be delivered from Istim's London Metal Exchange-registered warehouses in Port Klang, Malaysia was still over two months at the end of September, according to the latest LME queue report, and market participants believe it has grown even longer since the start of October. The queue was 61 days for aluminium on the last day of September, according to data released on M...Read More

Lingering weakness in market sentiment continued to put downward pressure on seaborne low- and high-grade manganese ore prices in China in the week to Friday October 9.Chinese participants began to return to the market on Friday after the Golden Week national holiday on October 1-8. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.10 per dry metric tonne unit (dmtu) on F...Read More

Black Iron plans to split the total figure into US$200 million of equity and US$300 million debt.Read More

Finland is building up Europe's next stage of battery metal evolution with Terrafame's new battery chemical plant, and trading house Trafigura is squarely in the mix. With Terrafame, Finland's government has resurrected the assets of formerly defunct Talvivaara Mining, and is shaping up to bring about the world's largest nickel sulfate plant early next year. Having initially invested in Terrafame...Read More

Assays are expected later this month from the Andover project as Azure said "high-grade nickel mineralisation (was) confirmed by pXRF (as) verified by Azure's onsite geologist". A 40.Read More

The latest data for the global manganese ore market for the week ended October 12, 2020.Read More

Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More

Finland is building up Europe's next stage of battery metal evolution with Terrafame's new battery chemical plant, and trading house Trafigura is squarely in the mix. With Terrafame, Finland's government has resurrected the assets of formerly defunct Talvivaara Mining, and is shaping up to bring about the world's largest nickel sulfate plant early next year. Having initially invested in Terrafame...Read More

The ferrous scrap market in the United States is facing a downward correction in November, with unsold material from the October trade and supply exceeding demand expected to pressure prices lower in a short shipping month, sources said.Only an onslaught of export deals or an early onset of winter weather limiting flows would be able to mitigate the downside, according to sources.Scrap dealer...Read More

Turkish steelmakers went through the first working day of the week with no deep-bookings, after the downturn in the prices in last week's deals, sources said on Monday October 12.The steel producers in the country booked three deep-sea cargoes late last week after achieving lower prices.The most recent purchases pitched the price for HMS 1&2 (80:20) grade at $283 per tonne cfr for US material on O...Read More

Domestic ship scrap prices in Turkey have gone down over the past week in line with weakening imported scrap values, but local auto bundle scrap prices were mostly stable, sources said on Monday October 12.In response to the downturn in the costs of imported scrap, the steel producers in the Izmir region - namely ID??, Habas, ?-zkan and Ege ??elik - reduced their buy prices for ship scrap by $5 pe...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday October 12, but sentiment has turned more bullish, especially in aluminium, since China returned from its Golden Week holiday. Expectations for extra stimulus in the United States have kept equities buoyant. China's markets underpinned by steady recovery and by the fact it appears to have...Read More

Finland is building up Europe's next stage of battery metal evolution with Terrafame's new battery chemical plant, and trading house Trafigura is squarely in the mix. With Terrafame, Finland's government has resurrected the assets of formerly defunct Talvivaara Mining, and is shaping up to bring about the world's largest nickel sulfate plant early next year. Having initially invested in Terrafame...Read More

A summary of Australian spodumene concentrate producer Pilbara Minerals' results for the third quarter of 2020, as stated in its operational report on Monday October 12.In brief Production of spodumene concentrate at the company's Pilgangoora Lithium-Tantalum project, in Western Australia, increased by more than 80% quarter on quarter to 62,404 dry metric tonnes (dmt) in the July-September quarter...Read More