Chinese-Australian miner MMG has issued a profit warning for the first half of this year due to the impact of the Covid-19 epidemic, the company said on Monday July 20.The copper and zinc miner expects a net loss of US$158 million for the first six months of 2020, compared to a net loss of US$81 million over the same period last year, a regulatory filing to Hong Kong bourse...Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More
Colombia is the fifth-largest coal exporter in the world, but with Europe reducing coal imports as it increasingly moves to clean energy its share of Colombia coal exports has fallen from 50% in 2012Read More
The latest data for the global manganese ore market for the week ended July 20, 2020.Read More
Here are five Fastmarkets stories you might have missed on Monday July 20 that are worth another look.Steel products output in Ukraine reduced by 4.6% year on year in January-June 2020 to 9.03 million tonnes, according to a report published by national steel union Ukrmetallurgprom on Thursday July 16.Brazilian copper and brass products manufacturer Termomecanica is set to take its internationaliza...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
Markets were mixed across the board this morning, Monday July 20, with traders focused on the prospects for a recovery fund from the European Union, while the weak Japanese export data highlights the economic damage that Covid-19 has dealt.Japan's exports dropped by 26.2% year on year in June......auto exports to the United States were particularly hard hit.Base metals Three-month base metals pric...Read More
Citigroup is the latest major bank to join the gold bulls. In the bank's 3Q commodities outlook, Citigroup says it expects gold prices to break alltime price records within the next six to nine months. And it believes there's a 30% chance gold will top $2,000 in the next three to five months.At last look, gold for August delivery was trading at $1,820 an ounce.Citing the Fed's loose monetary polic...Read More
Cobalt metal is trading at the time of publication in mid-July at prices around an 11-month low since breaking through a price floor just above $15 per lb that had been set in December 2019.The Covid-19 pandemic has badly affected global industry including the production of cobalt-containing products, and has clouded the outlook for future consumption, outweighing the effects of the supply disrupt...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index moved up 14.23 points or 1.4% to close at 986.10, making for a nice 3% gain over the past two weeks.MACD jumped 0.7 points higher to 1.70. RSI edged 1.64 to 62.70. RSI briefly made a multi-week high at 65.7 and has broken free from a trading range it was locked within...Read More
Share this articleTORONTO - Canadian precious metals miner Yamana Gold Inc. says it is in the advanced stages of listing its shares on the London Stock Exchange.It is currently listed on the New York Stock Exchange and the Toronto Stock Exchange.It says a listing in London will increase its exposure to potential European investors who have few other large gold producers to choose from.It says it...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
Here are five Fastmarkets stories you might have missed on Monday July 20 that are worth another look.Steel products output in Ukraine reduced by 4.6% year on year in January-June 2020 to 9.03 million tonnes, according to a report published by national steel union Ukrmetallurgprom on Thursday July 16.Brazilian copper and brass products manufacturer Termomecanica is set to take its internationaliza...Read More
Domestic prices for steel hot-rolled coil moved up in Northern Europe in the week ended Friday July 17, supported by the continuing lack of competitive import offers.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, rose to ?,?407.53 ($465.65) per tonne on Friday, up by ?,?3.53 per tonne week on week, and up by ?,?17.53 per tonne month on month.Friday's index was based...Read More
Fastmarkets MB invited feedback from the industry in an open consultation process between June 19 and July 20 on the pricing methodology for its Northern Europe hot-rolled coil index as part of our annual methodology review process. Fastmarkets is gracious for all who took the time to respond to the consultation. Based on...Read More
Here are five Fastmarkets stories you might have missed on Monday July 20 that are worth another look.Steel products output in Ukraine reduced by 4.6% year on year in January-June 2020 to 9.03 million tonnes, according to a report published by national steel union Ukrmetallurgprom on Thursday July 16.Brazilian copper and brass products manufacturer Termomecanica is set to take its internationaliza...Read More
Declining raw material costs and continued weak demand have worked in tandem to cause cold-heading quality (CHQ) and high carbon wire rod prices to drop, sources told Fastmarkets. Fastmarkets' assessment for steel wire rod cold-heading quality, ddp settled at $36.50 per hundredweight ($730 per short ton) on Friday July 17, down 5.2% from $38.50 per cwt last month.The cost of steel scrap No1 bushel...Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More
The shoeshine boy is not just giving customers stock tips these days; rather, he is jumping on hot stocks himself, scalp-trading three or four shares of Tesla, at $1500 a copy, in his Robinhood.com account. That's all the stock these penny-ante schemer-dreamers can afford, and it is why it is not the metaphorical bootblack operating out of his parents' basement who has been driving a handful o...Read More