Stocks that missed out on the initial rebound off the March market crash are now beginning to bounce. Most of the easy money was already made, but a few industry leaders with great long-term opportunities still appear cheap.Let’s take a look at two top Canadian stocks that might be interesting picks for a contrarian portfolio right now.NutrienThe merger of Agrium and Potash Corp. created a g...Read More
Gold just pulled back off the record highs and mining stocks gave up a chunk of their recent gains. Momentum investors who missed the big rally are now wondering whether this is a good time to start a new position in gold stocks.Gold price threatsGold fell US$150 per ounce in recent trading, from the record near US$2,050 to below US$1,900. The price of the yellow metal is back to US$1,950 at the t...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
London Metal Exchange copper futures fell toward the 5pm close on Thursday August 13, failing to stabilize above the level of $6,400 per tonne.The LME's 3-month copper price closed at $6,256 per tonne, down by $176 per tonne from Wednesday's close, to the lowest since last Friday.Tumbling three-month prices have exacerbated a backwardation in the nearby forward curve. The cash/three-month spread w...Read More
Aug 13, 2020 Guest(s): Rob Haworth Senior Investment Strategist, U.S. Bank Wealth Management While macroeconomic risks linger, the environment is constructive for both gold and risk assets, said Rob Haworth, senior investment strategist, U.S. Bank Wealth Management. "What we're seeing in recent times is real yields are finally starting to rise...which is pressuring gold as well, so it's been tim...Read More
Highlights: Record second quarter results "Our operating costs are US$385 an ounce and all in sustaining costs was a little over $700/oz.Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Vancouver, BC August 13, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") announces the Company has started trading on the OTCQX Best Market in the United States as of today. OTC Markets Group Inc. (OTCQX: OTCM) is operator of financial markets for 11,000 U.S. and global securities. KORE upgrades to the OTCQX market from the OTCQB market however the ticker symbol r...Read More
That represents a doubling of exploration capacity, with three rigs testing targets at the Ban Chang prospect and three at King Cobra.Read More
Several mining companies in the Democratic Republic of Congo (DRC) will join a meeting with the government next week to lobby for their right to continue selling copper concentrate overseas, Fastmarkets has learned. The meeting would take place in the DRC capital city of Kinshasa on August 20. "At least now the DRC government is willing to listen," a copper miner source said. Miners in the biggest...Read More
It said the 2018 order issued by the High Court (Gauteng division) held that BEE ownership transactions should continue to be recognised for regulatory certainty purposes and for the duration of the mining right, even where the BEE partner had sold or transferred part or all of its equity.The council was "pleased that this perspective is now undisputed" and said Mantashe withdrawing his notice of...Read More
Aluminium producer Alcoa has reached an agreement with the workers' representatives for the San Cipri??n aluminium smelter in Spain to extend the deadline of the formal consultation period for collective dismissals to September 28, 2020, the company announced on Thursday August 13.The extension will include a process intended to evaluate a potential sale of the aluminium smelter to GFG Alliance, w...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Greatpower Technology Co's background in trading has made it more flexible in its operations and sensitive toward prices as a producer of nickel and cobalt, which will benefit it in the longer term, its president, Aaron Cao, said in a recent interview with Fastmarkets."Due to our trader origins, there were some obstacles when we initially transitioned to becoming a producer because downstream cons...Read More
The Turkish deep-sea scrap import market remained quiet on Thursday August 13, with mills preferring to wait for some movement in the domestic and export finished long steel sectors, sources told Fastmarkets. Steel mills in the country have booked a number of cargoes in recent weeks, with the latest transactions for HMS 1&2 (80:20) from the US and Baltic Sea done at $285 per tonne cfr.There were s...Read More
Prices for bulk cargoes of steel scrap imported to Bangladesh jumped over the last seven days following two fresh deals from the United States West Coast, sources told Fastmarkets on Thursday August 13.Market participants said that Bangladeshi mills have booked at least four bulk scrap cargoes over the last three weeks, with three different mills purchasing material.One deal was closed for 8,000 t...Read More
Markets across the board were in consolidation mode this morning, Thursday August 13, with metals and Asian-Pacific equities mixed, while pre-market major western equity index futures were weaker. Traders seem to be waiting to see if US Congress can agree on a pandemic recovery fund and how the United States-China trade talks go this weekend when they review the phase one trade deal. High volumes...Read More
The Ontario government is providing $71,780 to Almaguin Community Economic Development (ACED) and the Association for the Promotion of Arts, Recreation and Culture (PARC) to help boost local tourism and economic growth in the Almaguin Highlands region. The funding will be delivered through the Northern Ontario Heritage Fund Corporation (NOHFC)."This investment will help drive economic growth and h...Read More
Share this articleTORONTO - The Chinese company trying to buy TMAC Resources Ltd. has appointed a Barrick Gold Corp. veteran as CEO of its Canadian operations even though the deal is still being reviewed by Ottawa.Hong Kong-traded Shandong Gold Mining Co. Ltd. says it has appointed Mark Wall as CEO of Streamers Gold Mining Corp. Ltd., its wholly owned subsidiary in Canada.Shandong's $230-million...Read More