Silver price is surging on higher industrial and safe-haven demand. On Friday, silver price edged higher as a reaction to the stagnation of April’s retail sales. Analysts expected a reading of 1.0% compared to March’s 10.7%. Despite fears over rising inflation in the U.S., silver is gaining strength on the reopening of economies and shift towards the green economy. The surge in...Read More
Given the volatility we’re seeing in the market today, defensiveness and dividends should remain a top priority for investors today.As it happens, the TSX is filled with promising companies providing both. However, selecting the ones that live up to expectations is quite a task. In this regard, I have got my eyes on two top Canadian stocks that have great potential to outperform over the lon...Read More
Yesterday, Automatic Data Processing had reported that Canada added 351,300 jobs in April, despite the increased restrictions due to the pandemic. The announcement drove the Canadian equity markets higher, with the benchmark index, the S&P/TSX Composite Index, posting a new all-time high on Thursday before closing at 19,542.95, representing an increase of 11.4% for this year. However, these fo...Read More
Three TSX stocks have fallen into obscurity or fly under investors’ radars because of the global pandemic. However, all of them could be the surprise packages that could deliver superior returns in 2021.Shining second-tier gold stockAlamos Gold (TSX:AGI)(NYSE:AGI) is only 8% of the size of Barrick Gold, but it could potentially reward investors with higher returns than TSX’s premier go...Read More
Make no mistake, we're entering a golden age of pharmaceutical development. From mRNA to monoclonal antibodies, modern medical science is scoring the biggest breakthroughs since the advent of penicillin.And whereas new medicine could often take 10 years to commercialize, complex avant-garde coronavirus vaccines charged through pipelines at record speed.Indeed, we've finally seen how quickly thing...Read More
London Metal Exchange base metals prices sold off in end-of-week trading on Friday May 21, with copper, nickel and aluminium closing at their lowest levels since April. Three-month copper futures closed at $9,881.50 per tonne at 5pm, down $166.50 (1.7%) against yesterday's close. Importantly, the red metal finished the week below the symbolic $10,000 per tonne, coming as the physical market for re...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index continued to rebound this week with Chinese smelters carrying on purchasing in the mid-to-high $30s and 3 cents, sources told Fastmarkets.Fastmarkets copper concentrate TC index, cif Asia Pacfic was at $29.70 per tonne/ 2.97 cents per lb on May 21, its highest level since March 5. Bids came in...Read More
Bob Moriarty ArchivesMay 22, 2021The price of gold has risen to a more than three-month high on inflation fears and unexpectedly poor jobs numbers. Gold mining stocks are also performing well, with the NYSE Arca Gold Miners Index finishing Monday’s session at its highest level since November 2020.I happen to like a lot of the royalty and streaming companies because they sidestep much of the...Read More
Chinese nickel products provider Lygend Mining has started its first production of mixed hydroxide precipitate (MHP) in Indonesia successfully, the company said on May 19, 2021.Lygend's MHP production project is the first high-pressure acid leach (HPAL) project to reach production in Indonesia, Fastmarkets understands.Both Lygend Mining and its Indonesian partner Harita Group operate the project,...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang,...Read More
Optimism in the space has been boosted by the US government looking to build a strategic uranium reserve and president Joe Biden stating that nuclear has a clear future within the nation's energyRead More
Key data from Fastmarkets' pricing sessions in Europe, the United States and China on Friday May 21.China The ferro-silicon market turned bullish amid booming demand from the steel sector, with China gradually shifting from iron ore to steel scrap steelmaking under its strict environmental protection measures and in a bid to reduce carbon emissions. Ferro-silicon is used as a warming agent in the...Read More
Adam HamiltonArchivesMay 21, 2021 The best-performing subset of gold stocks is gathering upside momentum in a young upleg. The smaller mid-tier and junior gold miners are in this sector's sweet spot for potential gains. Traders are starting to return with gold-stock sentiment improving, bidding the mid-tiers' stocks higher. These gold miners just reported their latest quarterly results, which reve...Read More
May 21, 2021 Guest(s): Robert Breedlove Founder & CEO, Parallax Digital With news that the People's Bank of China is curtailing Bitcoin in financial transactions in China, as well as tweets from Elon Musk that spooked the cryptocurrency market, investors have questioned the "store of value" moniker attached to the world's largest digital coin.Robert Breedlove, founder & CEO of Parallax Digit...Read More
Key data from Fastmarkets' pricing sessions in Europe, India, the United States and China on Friday May 21. Europe The manganese alloys markets jumped in line with inter-merchant demand ahead of expected renewed activity from steel mills in June for third-quarter delivery settlements. This prompted more buying interest for short covering as it soon became clear there was a shortage of...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index continued to rebound this week with Chinese smelters carrying on purchasing in the mid-to-high $30s and 3 cents, sources told Fastmarkets.Fastmarkets copper concentrate TC index, cif Asia Pacfic was at $29.70 per tonne/ 2.97 cents per lb on May 21, its highest level since March 5. Bids came in...Read More
Bob Moriarty ArchivesMay 20, 2021Rhodium cost $598 a troy ounce or about $20 a gram in August of 2016, five short years ago. I was pointing out at the time it was cheap after being as high as $10,000 an ounce in 2008. It’s up 4500% in five years. That’s about what Dogecon does in an average week.Everyone comments on the metals but few actually understand them well enough to explain why...Read More
An overview of the aerospace materials markets and the latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang,...Read More
Turkish steel scrap import prices have so far held firm despite a sharp drop in China's steel and scrap markets this week.Soaring billet and rebar prices in Asia were factors in allowing Turkish import scrap prices to rise earlier this month, but despite a large downturn in many Asian ferrous markets this week - including China and Taiwan - Turkish scrap prices have so far been undeterred. Turkey...Read More