Investors should look at two great stocks that appears undervalued in 2021. Now would be an excellent time to consider taking positions in the world’s top gold producer and a leading supply chain management software provider.Yellow and red metalsBarrick Gold (TSX:ABX)(NYSE:GOLD) remains the top dog in the metals and mining industry. However, its lustre is temporarily dim. Still, it’s a...Read More
Who would have thought that the TSX today could have already recovered from the flash market crash last year? In fact, the TSX is making new heights on the expected strong comeback of the economy.Specifically, the TSX has appreciated 70% from the market crash bottom. That said, since it’s up about 11% from before the crash, one could say the market is at a normal level.Are there still bargai...Read More
Anxiety is the dizziness of freedom.- S?,ren KierkegaardI've come to the point in my life where I am really starting to question my own existence...What am I doing here? Why do I do the things I do? What is the meaning of this absurd journey we call life?Maybe it's because I am getting older. Maybe it's because I'm raising children. Or maybe I'm suffering from the existential angst that we all ha...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.Copper's three-month price closed at $9,284 per tonne on Thursday at 5pm, the highest since February 25, when the metal reached its year-to-date high of $9,...Read More
Apr 15, 2021 Guest(s): Tom Carter President, American Conservative Values ETF Companies have taken political sides in regards to the recent Georgia voting laws.Hundreds of companies, including Amazon, Starbucks, Netflix, and Facebook, have released a joint statement this week saying that "we must ensure the right to vote for all of us," seemingly rebuking the changes to Georgia's voting system t...Read More
London Metal Exchange aluminium continued to reach new multi-year highs while copper and lead were up by 1% on Thursday April 15 morning while nickel and tin fell from their Wednesday gains. LME aluminium's three-month price reached $2.356.50 per tonne during early trading, the most since October 2010, when the metal came to an intraday high of $2,358 per tonne. It was down slightly from that...Read More
The narrowing gap between seaborne manganese ore prices and spot prices in China will continue to taper amid the downward correction in the record-high premium for seaborne material in March, market participants said.It is likely the narrowing will be due to a combination of miners cutting seaborne offers amid mounting resistance from buyers and portside cargo holders raising prices following stro...Read More
Copper prices could reach $15,000 per tonne within five years, boosted by a sharp rise in demand for the metal, which has been described by Goldman Sachs analysts as the "new oil" for its use in green technologies, in a report released on Tuesday April 13.Goldman analysts, led by Nicholas Snowdon, have upgraded their 12-month price target for copper to $11,000 per tonne, predicting an average pric...Read More
Europe's low-carbon ferro-chrome market continued the steady price rise that began after dropping to multi-year lows in 2020 with prices supported on high logistical costs, sources said.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe was $2.13-2.40 per lb Cr on Tuesday April 13, a rise of 1-2 cents (0.7%) from $2.12-2.38 per lb Cr on March 30."Logis...Read More
Cassiterite tin mineralisation was intersected in eight drill holes that were part of a recently completed 7,600m programme. The tin mineralisation is believed to be hosted by multiple, flat-dipping lenses, with each lens up to 12m thick with horizontal dimensions of about 200m.Highlights included 12m grading 3.05% tin, including 2m grading 5.43% tin, which was intercepted 40m above a zinc interce...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company") announces its subsidiary company, East Side Games Inc. ("ESG"), has entered into a publishing and IdleKit partnership agreement with Bigfoot Gaming Inc. ("Bigfoot") for the global release of a mobile game on iOS and Android (the "Partnership").This is the first collaboration between Bigfoot and ESG. The Partnership is a single...Read More
Perenti's 80%-owned subsidiary, African Underground Mining Services, will continue to work at the underground Geita mine in Tanzania for a further two years, generating an additional A$235 million in work in hand. The contract includes the addition of a new underground mine at Geita Hill that is expected to begin production later this year. As part of the new contract, Perenti will trans...Read More
The company picked up three Epiroc D65 down-the-hole drill rigs, comprising two blast-hole configuration rigs and one reverse circulation rig.DDB said the introduction of RC capabilities provided additional growth potential to carry out grade control drilling."With the current strong tendering pipeline, Dynamic continues to ensure access to the right fleet to undertake new projects, as well as ser...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Key data from the Wednesday April 14 pricing session in London and Beijing.Key drivers The cobalt hydroxide payable indicator edged down with some suppliers cutting their offers amid a persistent decrease in downstream cobalt sulfate prices and a bearish downstream market sentiment in China.Chinese consumers have made aggressive bids,...Read More
Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Fastmarkets on Thursday April 15.The most recent deep-sea trade was done at the end of the last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) an...Read More
Base metals prices on the London Metal Exchange have been edging higher in recent days, although this morning, Thursday April 15, they were looking mixed, while those on the Shanghai Futures Exchange were for the most part firmer. Concerns over China's policy on credit tightening in focus ahead of Friday's gross domestic product (GDP) dataAluminium sets fresh highs for the yearBase metalsLME three...Read More
Key data from the Wednesday April 14 pricing session in London and Beijing.Key drivers The cobalt hydroxide payable indicator edged down with some suppliers cutting their offers amid a persistent decrease in downstream cobalt sulfate prices and a bearish downstream market sentiment in China.Chinese consumers have made aggressive bids,...Read More
Nornickel will increase its nickel production capacity from 65,000 tonnes currently to 75,000 tonnes by 2023 at its Nornickel Harjavalta refinery in Finland, the company said on April 14.Nornickel's Harjavalta refinery mainly produces nickel cathode, nickel briquette, salt and solution, along with cobalt as a by-product of using the sulfuric acid leaching approach with an over 98% extraction rate,...Read More