One US analyst wrote that "we believe that this product will never be licensed in the US" and alleged the company had tried to "embellish" the results.Continue...Read More
You should pay even more attention to what was left out of these announcements than about what was stated. The pharmaceutical companies are Continue...Read More
In a 5-4 decision, the nation's highest court said New York Gov. Andrew Cuomo, a Democrat, and other officials cannot enforce occupancy limits set in a previous executive order.Continue...Read More
Disney is increasing the number of employees it will lay off to around 32,000 workers as the coronavirus pandemic continues to pummel the theme park industry.Continue...Read More
As gold nears the $1,800 an ounce level, now would be a good time to slowly build a long position towards $2,300, which is still "in the cards" for 2021, said Bill Baruch, president of Blue Line Futures.0:00 - Why has gold been falling?4:00 - Speed round - long or short?7:53 - Gold price trend12:10 - Risk-on sentimentRead More
What is the short-term trend for gold? Is the long-term outlook still positive? How much, if any, of the metals should be in your portfolio now? Peter Hug, global trading director, answers these questions.0:00 - Gold price short-term outlook6:35 - Gold price long-term outlook12:46 - Physical bullion market Peter Hug has been involved in precious metals since 1974. He began gaining first-hand inves...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look. British Steel plans...Read More
Fremont Gold plans a minimum three-hole, 1,500-meter drill program for North Carlin. Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) received from the U.S. Bureau of Land Management the permits that it needs to start maiden drilling at its North Carlin gold project in Nevada's Carlin Trend, the company announced in a news release. The Vancouver-based company, which is approved to drill from 1...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look. British Steel plans...Read More
Shipping lines are opting to bring empty containers from the United States to Asia instead of carrying ferrous scrap due to strong US demand for Asia-origin consumer products, market sources told Fastmarkets this week."This is due to the potential of ferrous scrap causing damage to containers and shippers running out of space to bring in consumer products. They can make more money on the Asia-US r...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look. British Steel plans...Read More
British Steel has revealed its intentions to increase capacity at its Skinningrove special steel profiles plant in the UK amid improving end-user demand, the company said on Thursday November 26.The company is looking to recruit 41 people into manufacturing roles at its business in Skinningrove to meet the increasing demand for its products, it said.New hires will also enable the company...Read More
It might have been tempting to thinkthat the recent move lower in the U.S. Dollar Index would serve to push goldhigher, as it usually does according to the traditional pattern. But these areextraordinary times and there are too many external factors weighing negativelyon the price of the yellow metal.As if the previous vaccine announcementsweren’t enough, the latest vaccine trials from Astra...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look. British Steel plans...Read More
Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday November 25, due to a combination of low availability, good demand and higher feedstock prices, sources told Fastmarkets during the week.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?660-680 ($786-810) per tonne ex-works on Wednesday, up by ?,?30-35 per tonne fro...Read More
Copper's three-month price finished above $7,400 per tonne at the 5pm close of trading on Thursday November 26, taking the base-metals complex on an uptrend across the board.The red metal closed at 5pm on Thursday at $7,402.50 per tonne, the highest since January 2, 2014, when it hit $7,460 per tonne. It was seen at $7,412 per tonne during the day.The high point for copper was the result of a 2.8%...Read More
Domestic prices for hot-rolled coil in Northern Europe increased again day on day on Thursday November 26, due to a materials shortage, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?561.25 ($668.17) per tonne on Thursday, up by ?,?10.80 per tonne day on day from ?,?550.45 per tonne on Wednesday.The index was up by ?...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look. British Steel plans...Read More
Copper's three-month price finished above $7,400 per tonne at the 5pm close of trading on Thursday November 26, taking the base-metals complex on an uptrend across the board.The red metal closed at 5pm on Thursday at $7,402.50 per tonne, the highest since January 2, 2014, when it hit $7,460 per tonne. It was seen at $7,412 per tonne during the day.The high point for copper was the result of a 2.8%...Read More
Iron ore prices gained on Thursday November 26 on support from decreasing steel inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $128.39 per tonne, up $0.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $128.10 per tonne, up $0.41 per tonne58% Fe fines high-grade premium, cfr Qingdao: $120.67 per tonne, up $1.43 per tonne65% Fe Brazil-origin fines, cf...Read More