Toronto, Ontario--(Newsfile Corp. - August 19, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (theRead full newsRead More
Dear Outsider,A mysterious package arrived at my desk one week...Now, I get a fair amount of reader mail and I respond personally to each one. But this particular package was much heavier than your typical piece of mail, and it was oddly shaped compared to the usual packages I receive.It was addressed to the "Captain of The Crow's Nest."When I opened it, I discovered a block of wood with three no...Read More
Dear Outsider,President Biden wiped away the sandwich crumbs from his mouth as he addressed the nation last week and said, "Jobs are up. Monthly price increases are down. Economic growth is up."As he discussed the Infrastructure Investment and Jobs Act that passed the Senate, I did some digging and found some controversial language regarding cryptocurrencies.Essentially, more government oversight...Read More
Imagine getting shot.You go to the hospital, bleeding out, and the surgeon says this:"Welp. The rate at which you're bleeding appears to be slowing, which confirms my suspicion that this wound is likely transitory."That's basically what's been going on with inflation for the past year and half.Americans are hemorrhaging value. Their spending power is being rapidly diluted.And the Fed and the chatt...Read More
Short-covering activity helped some base metals prices on the LME end the week on a higher note at the end of trading on Friday August 20, but it was not enough to offset the losses seen after Thursday's sell-off.Copper's three-month price was $9,037 per tonne at 5pm on Friday, up 1.6% on Thursday's $8,894 per tonne, with the 200 daily moving average (DMA) acting as key support at $8,843 per...Read More
Global aluminium prices and premiums have been on a near-vertical uptrend, touching record highs along the way, with consumers of aluminium in various sectors finding ways to absorb and pass on the increasing costs.Managing high raw material costs has become a key theme in quarterly earnings reports and in conference calls for manufacturing companies throughout the summer months of 2021. Despite h...Read More
Nickel and copper were up by 1% and above in the LME morning session on Friday August 20, with most base metals bouncing back from Thursday when all prices declined. A higher US Dollar Index - which touched a new year-to-date peak of 93.65 on Friday morning - and renewed concerns about demand due to the ongoing spread of the Covid-19 Delta variant were key factors behind Thursday's price falls.&nb...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
With a mining licence now received, "all approvals (are) in place to immediately commence construction upon funding and relocation of affected persons".Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday August 20.ChinaGeneral sentiment on the ferro-silicon price in China was stable while Ningxia, a small autonomous region in north-central China, continues to tighten controls on ferro-silicon production and suppliers' offers were broadly steady. Export prices have not changed much over the past w...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index is currently at its highest level since April 2019.Treatment charges of October cargoes were reportedly sold to smelters in the range of $58-62 per tonne this week, roughly equivalent to the 2021...Read More
Adam HamiltonArchivesAug 20, 2021Gold stocks' best-performing subset has been pummeled lower recently, leaving a wake of devastated sentiment. Traders have wholesale abandoned the mid-tier and junior gold miners which are this sector's sweet spot for upside potential during gold uplegs. These gold miners just finished reporting their latest quarterly results, revealing whether their fundamentals j...Read More
Global aluminium prices and premiums have been on a near-vertical uptrend, touching record highs along the way, with consumers of aluminium in various sectors finding ways to absorb and pass on the increasing costs.Managing high raw material costs has become a key theme in quarterly earnings reports and in conference calls for manufacturing companies throughout the summer months of 2021. Despite h...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
Prices of imported scrap in Turkey continued to weaken amid limited finished steel trade in the week to August 20, while buyers in Asia resisted higher offers. Turkish steel mills book more scrap for September shipments at decreasing prices The United States scrap export market reports further price decrease with a fresh cargo sale to Turkey Buyers in Vietnam resist higher offers for bulk cargoes...Read More
The light iron scrap market in the United Kingdom was stable over the week to Friday August 20 while scrap processors held their offer prices to ensure a steady flow of material into their yards, sources told Fastmarkets.UK export prices were also relatively stable despite quieter trade due to the seasonal slowdown, cementing support for domestic British prices. The export market accounts for more...Read More
The price of austenitic alloy steel scrap in Europe moved higher this week because of tight supply, despite nickel costs dropping off sharply through the week, Fastmarkets heard on Friday August 20.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids import, cif main European port was ?,?1,600-1,670 ($1,869-1,951) per tonne on Friday, up...Read More
According to a report from Yahoo Finance on Tuesday, a pair of young siblings are earning $32,000 a month from mining Ethereum (ETH). The duo from Dallas - Ishaan, 14 years old, and his sister Aanya, 9 years old - plan to use their incredible gains to fund their education. And you can be sure that despite rising college costs, their expenses will be well covered and then some.Talk about pulling y...Read More
Seven UK-based organizations have joined forces to set up a consortium to develop solid-state battery technology for automotive applications, the members said on Friday August 20.Specialty chemicals company Johnson Matthey and Britishvolt, a UK-based investor in lithium-ion battery cells which began a long-term strategic partnership with Glencore this week, have joined the consortium.The other mem...Read More