Bob Moriarty ArchivesMay 7, 2021I wrote about KORE Gold (KORE-V) at the end of October of last year andpredicted KORE would surprise the market.Well, I don’t know about the market but they did surprise me with their January announcement that they were spinning off their BC gold assets. It was a pretty accurate call with the stock going from $1.13 when I wrote to $2.01 seven weeks later. Much...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 6 that are worth another look.Recent changes in Chinese tax policy have resulted in significant rises in the prices for steel billet and finished long steel products from the CIS and...Read More

It was previously last above the benchmark in February 2011.It closed down 0.18% on the London Metal Exchange yesterday to $9,949/t.Nickel also gained, heading back towards $20,000/t as doubt grows about the environmental credentials of Tsingshan Group's recently-announced new technology designed to produce battery-grade metal from nickel matte.Nickel closed up 1.3% to $17,872.50/t.Trafigura's chi...Read More

Adjusted EBITDA recovered to $22.2 million versus $8.1 million a year ago, with revenue up 56% year-on-year and 25% quarter-on-quarter in Q1 to $53.1 million, or $579 per carat sold.Read More

Trafigura is in talks with Cliveden Trading to acquire copper purchase and sale contracts from the Zug-based trading house, sources with knowledge of the matter told Fastmarkets.Talks were held between the two companies this week, with Trafigura potentially taking on a portion of Cliveden's copper book, subject to conditions, two sources who declined to be named because the discussions were confid...Read More

Adam HamiltonArchivesMay 07, 2020 The red-hot US stock markets continue to power inexorably higher, fueling extraordinary complacency and euphoria. With stocks riding an extreme deluge of Fed money printing, selloffs are minor and far between. But are these seemingly-perpetual gains to endless lofty record highs justified fundamentally? The big US stocks' winding-down Q1'21 earnings season illumin...Read More

May 07, 2021 Guest(s): Nouriel Roubini CEO, Roubini Macro Associates While inflationary fears are picking up, the markets have not demonstrated a readiness to accept higher interest rates. In fact, rising nominal treasury yields over the past few months have, on several occasions, prompted market selloffs. This predicament puts the Federal Reserve in a tough position, said Nouriel Roubini, CEO o...Read More

Vancouver, BC -LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company"), Canada's leading free-to-play mobile game group, will release its first quarter 2021 financial results on Monday, May 17, 2021 after market close. Following the release, the Company will hold a conference call to discuss its performance with the investment community at 2:00 p.m. PT on the same day.Related earnings release mater...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 portfolio company, QVI Inc., a cannabis-infused product manufacturer located in Sonoma County, California, doing business as "The Galley", has launched its full service cannabis distribution company "Trident Distr...Read More

Bob Moriarty ArchivesMay 6, 2021NV Gold (NVX-V) has what might be called an embarrassment of riches. I have put money into the company in a bunch of placements and never had until now a single warrant ever make it into the money. I would put money into NVX, the stock would wander around and never do very much and the warrants would end up as wallpaper in my bathroom.A big part of the confusion is...Read More

Chrome and platinum concentrates producer Tharisa acquired 100% of the shareholding of Salene Chrome Zimbabwe on March 31, it has announced.Tharisa agreed a $3 million acquisition from Leto Settlement of an open-pit chrome project, now at the development stage, in Zimbabwe's Great Dyke, the company said in a statement published on Wednesday May 5. Tharisa is based in Europe but operates principall...Read More

Key data from Fastmarkets' Friday May 7 pricing sessions in China, India, Europe and the United States.China Seaborne low- and high-grade manganese ore markets recovered after deals were signed at higher prices for June shipment, and sentiment reacted to stronger downstream markets. Portside low- and high-grade manganese ore prices stayed firm with increased demand from smelters due to profitable...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

McClellan Financial Publications, IncPosted May 5, 2021Apr 30, 2021I have been writing professionally about the financial markets since 1995, and in all of that time I have almost never referenced valuation.It is not because valuation does not matter, but rather that valuation does not give any useful insights to solve my puzzles about what the market is going to do and when. Valuations can get wa...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

Prices for inter-merchant light iron scrap in the UK increased over the week ended Friday May 7, extending a general rally since late March, sources have told Fastmarkets.The market was likely to move higher, they added, given strong business conditions for European scrap exports into Turkey and the Indian subcontinent.UK monthly deliveries into domestic consumers in May were likely to be settled...Read More

Bob Moriarty ArchivesMay 4, 2021Blackwolf Copper & Gold (BWCG-V) used to be named Heatherdale. Certainly the new moniker is a lot more interesting.The company released results today from their tidewater in Alaska VMS project that were simply stunning,showing 7.6 meters of 2.7 g/t gold, 145 g/t silver, 6.5% zinc and an amazing 5.2% copper. If measured in CuEq it would be 10.7%. At today’s...Read More

The price of austenitic stainless steel scrap in the UK increased this week on an uptick in nickel costs and persistently strong market fundamentals, Fastmarkets heard on Friday May 7.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?1,200-1,260 ($1,668-1,751) per tonne on Friday, up from ?1,150-1,230 per tonne a week previously.Th...Read More

Bob Moriarty ArchivesMay 3, 2021According to the Fraser Institute Saskatchewan is the3rd highest rated mining jurisdiction in the world for 2020. With near record high prices quoted for copper perhaps it is time to revisit a project I have written about before located in the #3 place in the world to mine.When I did a search to find that piece I wrote about Rockridge (ROCK-V) at the beginning of la...Read More

Global steel scrap prices surged in the week to Friday May 7 and could well break through the $500 per tonne cfr mark, starting in Asia, market sources have told Fastmarkets.This was due to the continued demand for steelmaking raw materials and the current high prices for alternative iron ore feedstock, they said.Turkish scrap import prices spikeSentiment in US remains bullishPossible $485 per ton...Read More