Stock markets turned volatile recently, as the tech sector exhibited surprising weakness. TSX stocks at large took a breather from their upward march and lost approximately 4% since last week. Interestingly, this interim weakness should be seen as an opportunity for long-term investors.Let’s discuss two Canadian bigwigs that offer solid growth prospects despite the recent selloff.Barrick Gol...Read More
With high volatility and tons of uncertainty, it’s tough to ascertain which way the stock market will go. The stock market’s growing disconnect with the economy further makes prediction tough. However, a few TSX stocks could continue to perform well irrespective of where the market goes and should be on your radar.Let’s focus on three stocks that are likely to outperform the broa...Read More
There has been a lot of press focused on gold with this economic downturn. While gold certainly has its merits, the other metal many are forgetting to discuss is silver. Silver stocks continue to outperform the market and have also given gold a run for its money.As you’ll see below, during the last three months, silver caught right up to the Canadian market performance and to gold as well. B...Read More
Sep 11, 2020 Guest(s): Ron Paul America has always needed a reason to fund its military-industrial complex, which is why the country has had a history of "aggravating" other nations, said former congressman Ron Paul. Paul said that this is the incorrect approach to foreign policy and that the U.S. should be focused on more free trade instead. "China is more or less a scapegoat, which is very un...Read More
Despite broad stability in global zinc premiums this week, and a sharp drop in the metal's three-month price on the London Metal Exchange, an opening of the import arbitrage window for material delivered into China sparked expectations for improved demand in the region.Zinc markets in the United States and Europe were also generally stagnant this week, while a steady recovery in the US economy fue...Read More
Aluminium primary foundry alloy premiums in Germany and Eastern Europe rose for a second consecutive month on Friday September 11, with stronger fundamentals supporting the increase.Fastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $300-330 per tonne, with both up from...Read More
All three-month London Metal Exchange prices, apart from aluminium, posted gains on Friday September 11.Copper, lead, zinc, lead and tin all trended upwards over the day on Friday, with the three-month copper price breaching the $6,700 per tonne mark to close at $6,713.50 per tonne after trading a little more than 13,680 lots.There are 75,550 tonnes of copper stocks across LME-registered ware...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Adam HamiltonArchivesSep 11, 2020 The big gold-ETF buying that catapulted gold higher into early August has gone missing in action. That's why gold stalled out since, drifting sideways flirting with a correction. To continue powering higher, gold needs these major stock-market-capital inflows via exchange-traded funds to resume. The near-term fortunes for the precious-metals complex are heavily de...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 11.China The upward momentum in the domestic market continued for a third week, with prices moving up by 100 yuan ($15) per tonne amid buoyant sentiment after major steel mills raised their tender prices. Hesteel set its September tender price for 72% ferro-silicon at 6,050 yuan...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 11.China The seaborne price of low-grade ore rose after October-delivery cargoes were concluded at higher offer prices, with some producers reporting strong buying appetite.The seaborne price of high-grade ore was stable, with no new offers reported and miners already reportedly sold...Read More
Welborn now holds 4.2 million shares, with a further 4.6 million shares vesting at various periods between now and mid-2023 depending on performance hurdles being met.Read More
"Whilst the market has been defibrillated, we think it will remain in intensive care for some time, although any improvement is good news for the smaller pure play producers with weak balance sheets," said BMO analyst Edward Sterck.Having suspended its third, fourth and fifth sightholder sales in March due to COVID-related disruptions, De Beers' sixth and seventh sales cycles yielded revenues of U...Read More
Copper concentrate treatment and refining charges (TC/RCs) rebounded in the week ending September 11, rising from an all-time low due to the improved spot availability of copper materials.TC/RCs fell to record lows in the week to September 4.Smelter purchases were mostly settled at high $40s/4 cents with very few parcels transacted at a TC level below or above that.On the mine-trade...Read More
The five-year contract extends the relationship between the two companies to at least 20 years, with Barminco having worked at Western Areas' Forrestania mine since 2005.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Aluminium primary foundry alloy premiums in Germany and Eastern Europe rose for a second consecutive month on Friday September 11, with stronger fundamentals supporting the increase.Fastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $300-330 per tonne, with both up from...Read More
Turkish steel mills stepped out of the market for imports of steel scrap in recent days following a spate of buying in the first half of the week to Friday September 11, while scrap prices in Southeast and East Asia have continued their climb.Turkey goes quiet after latest seven-cargo buying spreeUS export markets inch up following Turkish dealsVietnamese scrap prices increase after Japan auction...Read More
The UK market for deliveries of steel scrap to domestic consumers has risen in September, adding ?10 ($13) per tonne to the earlier ?15 per tonne rise in August, with major shredders competing for scarcer material with smaller scrap suppliers, industry sources said this week.Moreover, a steady rate of export business to deep-sea destinations such as Turkey and the Indian sub-continent has also h...Read More