China's domestic rebar prices fell sharply on Monday May 24, following drops in futures prices and billet prices over the weekend, on news that China's National Development and Reform Committee (NDRC) had started a probe into commodity prices, causing mills to go into the red.DomesticEastern China (Shanghai): 4,900-4,920 yuan ($762-765) per tonne, down by 200-230 yuan per tonneThe NDRC, along with...Read More
Key Chinese commodities companies have been warned that they will be investigated thoroughly if they are suspected of engaging in any illegal trading activities and punished severely if found guilty.China's National Development & Reform Commission (NDRC) said on Monday May 24 that it had conveyed this warning to these companies on Sunday May 23 at a meeting also attended by officials from the Mini...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
The European manganese alloys markets rose even higher over the week ended Friday May 21, hitting price ranges last seen in late 2008, on a bout of short-covering from traders looking to restock ahead of an expected renewal of consumer demand early next month, trade sources have told Fastmarkets.Market prices for silico-manganese delivered on a spot basis went as high as ?,?1,450 ($1,766) per tonn...Read More
Any imposition by Europe of import duties on stainless steel products from Indonesia and India would spur the domestic market, create additional demand for alloy and boost the ferro-chrome market - but the effects on prices may only be short-lived, according to Fastmarkets' senior analyst.It has been expected for some time that the EU will impose import duties on Indonesian and Indian stainless st...Read More
Liberty Steel will sell its aerospace and special alloys steel business in Stocksbridge, United Kingdom, as part of a restructuring plan, the company said on Monday May 24.The Stocksbridge plant produces alloy and stainless steel grades for aerospace, oil and gas industries, and automotive and engineering segments. It has capacity to manufacture 500,000 tpy of merchant bar."A formal sale process f...Read More
The price for imported rebar in Singapore fell during the week to Monday May 24 due to turnaround in market sentiment and spot prices in China, market sources said. Buyers have been skittish amid falling steel prices in Asia, led by continual falls in China's physical and futures market. There were no bids heard. Prices in China have fallen continually from 6,000-6,030 yuan ($931-936) per tonne on...Read More
The Abitibi greenstone belt that stretches across Ontario and Quebec is one of the most prolific sources of gold in Canada, having produced roughly 200 million ounces over more than a century of mining activity, and continues to attract attention from companies intent on finding new deposits.Further west, running through Saskatchewan, is the Trans-Hudson Corridor, a region that hosts gold bearing...Read More
Ethical investment is flourishing but for mining companies seeking to promote their green credentials, there are pitfalls. While environmental social and governance (ESG) issues are gaining importance in the industry, finding a means of reliably preparing and publishing industry-compliant reports is complicated and expensive. This is especially true for juniors, small-cap and midsized-cap companie...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingResource nationalism of the sort re-emerging in South America and Africa is one cause for the...Read More
Kumtor remains centre of disputeRead full newsRead More
Tired of being treated like children: WMWARead full newsRead More
Copper prices have been on the rise. That’s putting it lightly. This commodity class has been soaring of late amid burgeoning demand.Thought leaders such as Einhorn suggests investing in copper can reap some pretty impressive rewards for investors. For those bullish on copper, one great option today is Teck Resources (TSX:TECK.B)(NYSE:TECK). This Canadian metals play is often...Read More
Valuations are starting to finally look like they’re under pressure. Growth stocks have taken a hit of late amid rising inflation and interest rate concerns.Accordingly, investors may be enticed to look at more defensive options in the market. Such a move is prudent right now.In this context, here are two stocks that I believe will fit a defensive investor’s portfolio well.Barrick Gold...Read More
Long-term investors care more about the value of a stock and make purchase decisions based on whether a stock is undervalued or fairly valued with great prospects. The share price doesn’t form a crucial variable in the equation. Still, if you wish to buy stocks that are trading at a relatively lower price — i.e., in single digits — there are four that should be on your radar.A hi...Read More
Over the last year, stocks have rallied excessively, earning investors great returns. However, they’ve also been getting more expensive for those investors looking to add positions to their portfolios. This has made it a lot harder to find cheap stocks on the TSX that are actually worth buying today.Over the last few weeks, though, with all the uncertainty and volatility creeping back i...Read More
Around this time last week I was pontificating about how the MSM was really laying on the "holier than thou" smug nice and thick regarding the gas pipeline shutdown.I paid an extra buck to fill my tank and lock in a two-week supply. Best insurance premium I've paid in a while.Within a day I was seeing pictures of people filling open-top buckets and even trash bags with gas, then trying to put them...Read More
Humans tend to be short-sighted about life and financial goals in general. It’s a limitation and, in some instances, a weakness, but understanding our weaknesses is the first step toward becoming stronger. Our short-sightedness can be observed in a variety of our life decisions, including investing.Take the Tax-Free Savings Account (TFSA) and Registered Retirement Savings Account (RRSP), for...Read More
Cryptocurrencies are falling, while inflation has surged to record levels. Notably, amid all this chaos, equities at large have been relatively stable and continue to offer decent growth prospects. Here are three top TSX stocks to consider for the long term.Royal Bank of CanadaCanadian bank stocks will likely be one of the brightest areas among broader markets this year. Provisions for loan losses...Read More