Some of the TSX stocks recently went far ahead amid the rally driven by U.S. elections. While Joe Biden’s win is undoubtedly positive for some portions of the market, others might revert to lower levels after the election rally subsides.Aurora CannabisJoe Biden entering the White House is indeed a positive move for the cannabis sector, at least for now, because of his agenda to legalize it....Read More

Here are five Fastmarkets stories you might have missed on Monday November 9 that are worth another look.The European Commission (EC) has ended an anti-subsidy investigation into hot-rolled stainless steel sheet and coil originating from China and Indonesia, the EC said on November 9.TradeCloud chief operating officer...Read More

The three-month nickel price on the London Metal Exchange remained the standout performer at the close of trading on Monday November 9, while a steady incline in the US dollar index resulted in declines in LME copper and aluminium over the afternoon.The price of nickel rose by more than 2%, reacting positively to news of a prospective vaccine against Covid-19 and the election of Joe Biden to the U...Read More

Bob Moriarty ArchivesNov 9, 2020We just picked up an advertiser that just did a deal with Kirkland Lake that is simplythe greatest option a junior has done in many years.Melkior Resources (MKR-V) granted an option to Kirkland Lake Gold worth $110 million where KL may earn 75% of Melkior’s Carscallen project located in Timmins, Ontario.Terms include KL spending $10 million in exploration over...Read More

TradeCloud chief operating officer Matthew Botell says technology solutions are there to help commodity traders amid thinning margins and sliding credit availability, if market participants are just willing to give them a try.Botell - former Coo of Trafigura's metals and bulks division - set up the fintech company as a platform for securing commodity business in 2016 with Simon Collins who held th...Read More

Higher bullion prices have triggered a surge in interest in the yellow metal, with shares in Russia's LSE-listed superstars Polyus and Polymetal soaring as a result.Read More

Alumina exports from Brazil in October were significantly down by 32.9% year on year after both Alunorte and Alumar shipped less material, data from the ministry of economy published on Friday November 6 shows.Exports totaled 500,888 tonnes in October, down from 746,998 tonnes a year before, the ministry's data showed.The most pronounced fall came from Alunorte, the refinery owned by Norwegian com...Read More

The warning for the metals and bulks sector comes after last week's announcement from the World Meteorological Organization of a La Nina weather event in the Pacific Ocean, predicted to bring coolerRead More

The latest data for the global manganese ore market for the week ended November 9, 2020.Read More

A summary of Vedanta Limited's report for the three months ended September 30 - the second quarter of its financial year.In briefEarnings before interest, taxes, depreciation and amortization (Ebitda) for the quarter amounted to 65.31 billion rupees ($881.96 million), up by 45% year on year and 63% higher quarter on quarter Revenues totaled 208 billion rupees - a 33% increase from its first quarte...Read More

Here are five Fastmarkets stories you might have missed on Monday November 9 that are worth another look.The European Commission (EC) has ended an anti-subsidy investigation into hot-rolled stainless steel sheet and coil originating from China and Indonesia, the EC said on November 9.TradeCloud chief operating officer...Read More

During a review of its specifications, Fastmarkets has identified a necessary clarification to the specification for its arsenic price assessment.Fastmarkets has updated the price description of its fortnightly price assessment for arsenic to Arsenic, 99% min As, in-whs Rotterdam, $ per lb, to match the quality listed in the detail specification list. It previously, and erroneously, was listed as...Read More

Steelmakers in Turkey stepped back from deep-sea purchases on Monday November 9, after the value of the Turkish lira increased by just under 4% in one day, sources told Fastmarkets.Turkish steelmakers booked eleven deep-sea cargoes last week.However, the Turkish currency rebounded sharply after the news of the resignation of Turkey's economy minister and the replacement of the central bank go...Read More

Turkish domestic auto bundle scrap prices have edged further upward in line with imported scrap values over the past week, while ship scrap prices were fairly stable, sources said on Monday November 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,210-2,455 lira ($259-288) per tonne on Monday, widening upward from 2,210-2,380 lira per ton...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Monday November 9, after markets reacted positively to Joe Biden winning the US presidential election and the resulting weaker dollar. China's unwrought copper imports climbed 43% in October, year on year. China total exports climbed by 11.4% in October from a year ago, while total...Read More

Pfizer announced this morning that its coronavirus vaccine is more than 90% effective in preventing the illness among people with no evidence of prior infection, proclaiming it as "a great day for science and humanity."While it may be a "great day for science and humanity," it was definitely a measurably breathtaking morning for stocks.Dow futures jumped over 1,400 points higher following the earl...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index turned on the jets and powered 71.56 points higher or 6.8% to close at 1122.36.A six-month high Friday (click for larger)Our short-term momentum indicator, RSI, erupted over 50% to 61.61. MACD our long-term momentum indicator shot up 14.82 points to 4.89. And the shar...Read More

Domestic prices for steel hot-rolled coil increased in Northern Europe in the week to Friday November 6, due to good order books at European mills amid long lead times and limited offers for imported coil.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?512.53 ($608.52) per tonne on Friday, up by ?,?7.53 per tonne week on week and by ?,?16.07 per t...Read More

Domestic prices for hot-rolled coil in Northern Europe moved up slightly day on day on Monday November 9, supported by long lead times at European mills and a lack of import offers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?513.13 ($609.23) per tonne on Monday, up by ?,?0.60 per tonne from ?,?512.53 per tonne on Frid...Read More

Prices for hot-rolled coil imports into major import market Vietnam have surged on the back of limited spot supply, sources told Fastmarkets. Buyers were bidding up to $545 per tonne cfr Vietnam for re-rolling grade SAE1006 HRC in an attempt to shore up inventory levels in the face of limited supply from major domestic producer Formosa Ha Tinh Steel Corp and regional sellers. "Buyers will only lik...Read More