Jack ChanPosted Nov 3, 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 SELL signal. Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is...Read More
It's made an odd-lot offer to those holding less than 100 shares, and offered to repurchase shares from those holding between 100-400 shares.The company said its number of ordinary shareholders had increased by about 60% to 30,000 after its June 2019 Lonmin acquisition.It said about 50% of these shareholders owned less than 400 shares, representing about 0.05% of its shares in issue.The offe...Read More
Key data from Fastmarkets' pricing sessions on Tuesday November 3 in China, Europe and the United States.China The UG2 chrome ore market continued to rally, backed by increased liquidity, with some consumers seeking to acquire material before South Africa's proposed chrome export tax is imposed. Other market participants preferred to sit out of the market until further information about the propos...Read More
Vancouver, BC - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company") is pleased to announce the appointment of Mr. J. Mark Lievonen, C.M., to the Company's Board of Directors. Mr. Lievonen is the former President of Sanofi Pasteur Limited, the Canadian vaccine division of Sanofi. Under his leadership, Sanofi Pasteur became a billion dollar enterprise in Canada, manufac...Read More
Chilean copper production was 0.8% lower year on year in September due to lower output from Escondida, the country's copper commission, Cochilco, said on Tuesday November 3. Mined copper content output totaled 479,900 tonnes in September, against 483,800 tonnes a year before, according to Cochilco's data. The country produced 4.26 million tonnes of copper in the January-September period, slightly...Read More
Chile's state-run copper producer Codelco increased its production in the third quarter of 2020 despite setbacks due to temporary closures of some of its operations, reduced costs and higher earnings during that period, the company said on Friday October 30.Codelco produced 447,000 tonnes of copper in the quarter, including a minority share in some units, up by 1.6% from 440,000 tonnes in the thir...Read More
Prices continued to increase for some grades in Mexico's main steel scrap markets, amid strong domestic demand and expectations of higher prices for imported material.A few companies were heard to be increasing prices in both the Monterrey and Baj?-o regions, while the majority did not announce any price changes. But some scrap buyers were trying to secure batches and negotiating volumes at prices...Read More
* APP could be used to channel some of the stimulus -sources * PEPP still seen as the main instrument -sourcesBy Francesco Canepa and Balazs KoranyiFRANKFURT, Nov 3 (Reuters) - The European Central Bank couldoffer less generous support for indebted governments when itputs together a further stimulus package next month, to pushthem to apply for European Union loans tied to productiveinvestments, so...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market amid growing uncertainty over the potential impact of the presidential election in the United States, sources said on Tuesday November 3.Mills in Turkey have been silent in the deep-sea scrap markets since the middle of last week after booking number of cargoes. Most market participants were waiting to see what impact the pr...Read More
The London Metal Exchange has approved the resignation of French bank Soci?(C)t?(C) G?(C)n?(C)rale from its Category II and LMEprecious membership structure, outlining in a note to members on Tuesday November 3 that the entity will no longer trade as a general clearing member of LMEClear with immediate effect. Soci?(C)t?(C) G?(C)n?(C)rale, also known as SocGen, began a refinement of its commodity...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Tuesday November 3, after markets were encouraged by generally robust manufacturing purchasing managers' index (PMI) data that came out on Monday. Regardless of who wins the US presidential election, the markets expects the liquidity pumps to remain switched on......which is suppor...Read More
On July 11, 2013, I told you how IP traffic on the internet was going to grow four times in size. I wrote: Within the next four years, the size of the internet is expected to quadruple in size. By 2016, annual IP traffic is predicted to reach 1.3 zettabytes (to put that in perspective, there are 1 trillion gigabytes in a single zettabyte).And I went on to tell you why this was going to happen and...Read More
Domestic prices for hot-rolled coil in Northern Europe have moved up on Tuesday November 3, supported by long lead times for delivery of the material, market sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?505.96 ($588.80) per tonne on Tuesday, up by ?,?0.96 per tonne from ?,?505.00 per tonne.The index was up by ?,?7....Read More
China's hot-rolled coil prices continued to increase on Tuesday November 3, which forced buyers in Vietnam to accept higher levels than the week prior, sources said.DomesticEastern China (Shanghai): 3,980-3,990 yuan ($594-596) per tonne, up 10 yuan per tonneSellers in eastern China raised their offers amid futures gains in the morning session before futures prices fell in the afternoon, yet offers...Read More
Domestic rebar prices in the United Arab Emirates continued to fall this week, while imported rebar prices were stable, sources said on Tuesday November 3.Domestic rebarThe country's steel producers were offering rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in November, stable since September 15.But deal prices were at around 1,790-1,800 dirhams per tonne ex-works, wi...Read More
China's domestic rebar prices lost upward momentum on Tuesday November 3 on a weaker futures market and amid rising concerns over mills profiting from high rebar output.DomesticEastern China (Shanghai): 3,810-3,840 yuan ($569-574) per tonne, unchanged Some buyers cut procurement rates on seeing the weaker futures market, but while trading activity dropped off slightly, most end...Read More
Indian steelmaker Jindal Steel & Power (JSPL) announced its highest-ever quarterly sales, steel production and earnings in the second quarter of its 2020/2021 financial year, over July-September 2020.In brief The company's steel exports fell by 17.8% quarter on quarter to 740,000 tonnes in the company's second quarter, amid stronger ferrous demand from India's domestic market.Exports constituted 3...Read More
Prices continued to increase for some grades in Mexico's main steel scrap markets, amid strong domestic demand and expectations of higher prices for imported material.A few companies were heard to be increasing prices in both the Monterrey and Baj?-o regions, while the majority did not announce any price changes. But some scrap buyers were trying to secure batches and negotiating volumes at prices...Read More
Brazilian iron ore exports fell 8.6% in October, when compared with the same month last year, since the month had fewer workdays in 2020, and despite those volumes representing a higher daily average, data from the country's economy ministry showed on Tuesday November 3.Brazil exported 31.19 million tonnes of iron ore last month, down from 34.14 million tonnes a year before, and down 17.6% from th...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market amid growing uncertainty over the potential impact of the presidential election in the United States, sources said on Tuesday November 3.Mills in Turkey have been silent in the deep-sea scrap markets since the middle of last week after booking number of cargoes. Most market participants were waiting to see what impact the pr...Read More