Comet Resources Ltd is pleased to advise that it has now finaliseRead full newsRead More
Today, some significant volatility is creeping into financial markets. Recent inflation numbers blew away economist predictions for the kind of price surges consumers can expect. Accordingly, expectations of rate hikes have ushered in a wave of selling today.However, there are options for investors looking to navigate this environment in a defensive way. These two stocks are among my top picks for...Read More
Investing in equity markets does not always require huge capital upfront. Even with a small but regular investment, one can create significant wealth over the long term. So if you are ready to invest, here are three Canadian stocks that you can buy under $10 to earn superior returns over the next three years.B2GoldB2Gold (TSX:BTO)(NYSEMKT:BTG) is a gold mining company with its mines located in Mal...Read More
When it comes to starting a reliable, passive income, there are few better alternatives than high-yield dividend stocks, especially if they are Dividend Aristocrats. But these are relatively rare, and if you calculate your returns based on how much you invested (if we disregard the capital growth dividend stocks offer), it usually takes more than a decade for stock to “reimburse” your...Read More
Despite the stellar run-up in most stocks listed on the TSX Index, a few are still trading at lower prices. While these stocks are trading cheaper, their strong fundamentals, continued demand, and growth initiatives suggest that they have a long runway for growth. I believe the increased spending on digital platforms, recovery in consumer demand, and positive secular industry trend...Read More
When you were a kid, what did you want to be when you grew up?A teacher?An archaeologist?A pirate?A soldier?An antiquarian arms dealer?If you answered yes to any of the above, then you are in for a treat. If you didn't, then, well, you are still in for a treat.That's because I spent the better part of an afternoon speaking with someone who fits all of those bills. Sean Rich has a very specific set...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 12 that are worth another look.The so-called "Suez Armada" of vessels that were delayed by the unintentional blockage of the Suez Canal has now been processed by the Port of Rotterdam, but the port was still "extremely" busy and there were challenges ahead for the...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 12.Please click...Read More
Futures prices on the London Metal Exchange were down across the board at the close of trading on Wednesday May 12, after higher-than-expected inflation indicators in the United States pushed the dollar up to its highest figure this week.Lead was the metal most badly affected by the inflation numbers released earlier on Wednesday, with its price down by 1.6% to $2,187 per tonne, from $2,222 per to...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 12 that are worth another look.The so-called "Suez Armada" of vessels that were delayed by the unintentional blockage of the Suez Canal has now been processed by the Port of Rotterdam, but the port was still "extremely" busy and there were challenges ahead for the...Read More
The UG2 chrome ore market ticked up for the first time since March of this year in response to increased buyer interest over the week to Tuesday May 11, sources said.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China price assessment was $150 per tonne on May 11, a rise of $1 (0.67%) from $149 per tonne a week earlier."The number of inquiries we received was the highe...Read More
The vehicle would acquire soon-to-be phased out coal mines in safe jurisdictions and maintain existing production capacity before closing them down in 2045, said Bloomberg.Read More
Commodity trading company Traxys has renewed a $1.33 billion revolving credit facility with 26 lenders, it said on Monday May 10, dating the completion of the deal as May 4.Lead arrangers were Rabobank, Deutsche Bank, ING, Soci?(C)t?(C) G?(C)n?(C)rale, Natixis...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
The prices paid for deep-sea scrap cargoes by Turkish steel mills continued to rise in the wake of recent changes in Chinese tax policy that have seen billet and long steel demand increase, Fastmarkets heard on Wednesday May 12.A mill in the Izmir region booked a cargo from the UK comprising 6,000 tonnes of HMS 1&2 (80:20) at $499 per tonne and 18,000 tonnes of shredded scrap at $519 per tonne.A m...Read More
The jump in Kanto Tetsugen auction prices has led to another increase in the Japanese export price for steel scrap over the past week, market sources told Fastmarkets on Wednesday May 12.Tuesday's auction by Kanto Tetsugen, which is a cooperative of scrap dealers in the Tokyo region, closed its monthly H2 grade scrap export price at an increase of ?5,899 ($54) per tonne month on month, with the h...Read More
Exports of ferrous materials from India could become more logistically challenging in the coming weeks while the country battles the Covid-19 pandemic, market participants have told Fastmarkets.The worst may still be to come for steel exports out of Covid-hit eastern India, sources said, because of a lack of available stevedores, forces majeures at ports and reduced steel output at certain plants....Read More
Base metals prices on the London Metal Exchange were little changed and consolidating this morning, Wednesday May 12, this after some choppy trading in recent days.Traders wary of contagion from weaker equity markets Asia-Pacific equities mainly weaker, especially in Taiwan Markets focused on Wednesday's Consumer Price Index (CPI) data from United States Base metalsLME three-month base metals pric...Read More
The government of the Democratic Republic of Congo (DRC) has approved a draft inter-ministerial decree relating to the development of the Manono lithium and tin project by Australian miner AVZ, the company announced on Monday May 10.The draft decree relates to an earlier draft cooperation agreement between the government and AVZ. This would involve setting up a special economic zone for the Manono...Read More
Share this article TORONTO - Vanadium One Iron Corp. [VONE-TSXV; VDMRF-OTC; 9VR1-FSE] said Wednesday May 12 that it has entered into a long-term arrangement with a unit of Glencore Plc [GLEN-LSE] to support development of its 100%-owned Mont Sorcier vanadium-iron-titanium project near Chibougamau, Quebec.Vanadium One shares advanced on the news, rising 5.1% or $0.015 to 31 cents on volume of 263,...Read More