Futures for TSX rose on Monday as gold prices gained on low interest rate hopes. A rising inflation followed a cyberattack on a U.S. pipeline operator due to supply concerns. Spot gold XAU was up 0.46%, reaching $1,838.4 per ounce. This is its highest since Feb. 11 at $1,842.9. U.S. gold futures GCv1 gained 0.5% to $1,840. GOL/. As lockdown starts to ease, many mid-tier...Read More

Concerned about the market correction on the horizon? You’re not alone. Valuations continue to remain elevated in this ultra-low interest rate world. Additionally, risk-off sentiment appears to be taking hold today.For those looking to add some defensiveness to their portfolios, here are three great top picks to consider right now.Barrick GoldGold is an asset class that hasn’t rea...Read More

With renewed inflation jitters sparking a vicious and unforgiving sell-off in equities and cryptocurrencies like Dogecoin and Bitcoin, now seems like the time to shine for gold stocks. The CPI (Consumer Price Index) numbers were not pretty, and many investors fear that the Fed could be a tad more hawkish with its commentary. Perhaps Fed chair Jerome Powell will go from “not even thinking abo...Read More

Earlier this week Boston Federal Reserve President Eric Rosengren showed up on a webinar for Boston College and had this to say:My view is that this acceleration in the rate of price increases is likely to prove temporary. Toilet paper and Clorox were in short supply at the outset of the pandemic, but manufacturers eventually increased supply, and those items are no longer scarce. Many of the fact...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 13 that are worth another look.Export prices for Chinese stainless steel increased sharply on Wednesday May 12 due to the the removal of China's 13% export rebate and the rising nickel prices on the London Metal Exchange.Nornickel resumed ore...Read More

Selling continued on the London Metal Exchange throughout Thursday May 13, leading to lower prices at the close, after higher-than-expected inflation readings from the United States triggered concerns of interest-rate increases on Wednesday.Nickel's three-month price was most affected on Thursday, with a decrease of 2.6% to $17,323 per tonne from Wednesday's $17,797 per tonne.Meanwhile, the three-...Read More

Myanmar's major copper and nickel mining operations have been suspended with the transport of equipment, raw materials and finished goods no longer feasible after February's military coup, Fastmarkets learned. "Basic supplies like explosives could not be transported into the region. How could blast mining be possible?" one source familiar with current condition of Sagaing, the country's copper and...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 13 that are worth another look.Export prices for Chinese stainless steel increased sharply on Wednesday May 12 due to the the removal of China's 13% export rebate and the rising nickel prices on the London Metal Exchange.Nornickel resumed ore...Read More

Glencore has joined fellow global commodities trader Trafigura in holding talks to purchase a portion of Cliveden Trading's copper book, informed sources told Fastmarkets on Thursday May 13.Cliveden, which last year was said to have traded more than 1 million tonnes of copper...Read More

The CPI for all urban consumers rose 0.8% in April, with the all items index increasing 4.2% before seasonal adjustment over the past 12 months, the largest one-year increase since the 4.9% gain for the period ending September 2008.The index for all items less food and energy rose 0.9% in April, its largest monthly increase since April 1982, the US Bureau of Labor Statistics said."Higher US inflat...Read More

Liberum's central forecast is for the global composite price to rise to US$182/ct in 2021, rising 2% per year thereafter.Read More

Strong demand from the Chinese automotive industry, combined with rising aluminium scrap values, pushed aluminium ingot ADC 12 prices to a record high this week.ADC 12  is widely used in the production of alloy wheels.Fastmarkets' weekly price assessment for aluminium ingot ADC12, exw dp China was 19,000-19,300 yuan($2,947-2,993) per tonne on Wednesday May 12, up 5.8% or 1,000-1,300 yuan per...Read More

Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, will release fourth quarter and year end 2020 financial results, as well as first quarter 2021 financial results, on May 17, 2021 after the market close.Siyata management will also host a conference call on Tuesday, May 18...Read More

Event to Raise Awareness and Funds for Homegrown Detroit's Mission of Providing Critical Resources and Mentorship to Ensure Legacy Detroiters' Success in the Emerging MarketplacePHOENIX - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, announced its retail brand, Mission Dispensaries, has partner...Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Company" or "Venzee") announces today continued application, development, and use of artificial and augmented intelligence technology now deployed to optimize active client operations.Venzee, a "smart tech" Software as a Service (SaaS) platform, is used by Consumer Brands to move critical, consumer-facing product information to any globa...Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry is pleased to announce that its investee company QVI, Inc. doing business as "The Galley", a cannabis infused product manufacturer located in Sonoma County, California has initiated production for Koala Edibles a Colorado based Company focused o...Read More

Hebei Iron and Steel Group (HBIS) - China's second-largest steelmaker - has raised its purchase price for May-delivery silico-manganese to 7,250 yuan ($1,124.47) per tonne, market participants told Fastmarkets on Thursday May 13.The latest price is 450 yuan higher than the mill's previous purchase price of 6,800 yuan per tonne for April-delivery cargoes.HBIS' price, which applies to cargoes delive...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 13 that are worth another look.Export prices for Chinese stainless steel increased sharply on Wednesday May 12 due to the the removal of China's 13% export rebate and the rising nickel prices on the London Metal Exchange.Nornickel resumed ore...Read More

Downstream appetites from lithium cobalt oxide (LCO) battery manufacturers weakened in the second quarter during the traditionally weak consumption season for consumer electronics - a key consumer of LCO batteries and an industry battling with a shortage of semi-conductor chips, sources said.Some cobalt-tetroxide producers told Fastmarkets their customers have cut orders and that demand for LCO ca...Read More

Turkish steel mills booked one further cargo late on Wednesday at a higher price ahead of the post-Ramadan Eid al-Fitr holiday, Fastmarkets heard on Thursday May 13.The cargo came to light after the indices had closed for the day.A steel mill in the Iskenderun booked a Baltic sea cargo comprising 18,000 tonnes of HMS 1&2 (95:5) at $510 per tonne.Read More