The materials sector .GSPTTMT, which includes precious and base metals miners, added 1.8% as gold futures GCc1 rose 0.9% to $1,844.9 an ounce on Tuesday. The rise comes after a brief correction on Monday that saw gold prices fall as a rollout of the a COVID-19 vaccine in the U.S. and doubts about another round of relief aid out of Congress prompted the precious metal to mark its lowest settlement...Read More
When you research stocks to buy on the Toronto Stock Exchange for the new year, it may be a good idea to avoid tourism. Instead of investing in the struggling travel industry, stocks involved in mining seem to be going strong. More specifically, firms offering services to the booming precious metals extractors might be a good bet.It’s a difficult market to invest in at the moment. Anything s...Read More
If you are worried that the bull market will end soon, you aren’t alone. The massive rally in equities despite the weak economic trajectory is leading many to believe that the stock market could crash in 2021. Whether the market would crash or not remains to be seen. However, we can certainly prepare our portfolio for the next crash. Here are three such top TSX stocks that should be a p...Read More
What's your place in line? It's a question that will be coming up a lot in the next few months as we come to what seems to be the beginning of the end of this pandemic. It's looking increasingly likely that vaccines will be rolled out to the general public here in the U.S. before we ring in the new year. Between now and then, there will be a lot of questions about who gets the vaccine when. Hea...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 16 that are worth another look.A collaboration between metals and mining companies including Anglo American, Glencore and Tata Steel have released a proof of concept carbon tracing platform to trace emissions across the value chain using distributed ledger...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday December 16.Please click...Read More
The London Metal Exchange tin price was the biggest riser on Wednesday December 16, coming close to the $20,000 per tonne mark and setting a new year-to-date high, spurring most of the complex along with it while market participants eyed a congressional deal for a coronavirus stimulus package in the United States. Tin's three-month price rose by 1.1% to $19,925 per tonne on Wednesday at 5pm agains...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 16 that are worth another look.A collaboration between metals and mining companies including Anglo American, Glencore and Tata Steel have released a proof of concept carbon tracing platform to trace emissions across the value chain using distributed ledger...Read More
"With regard to interest rates, we continue to expect it will be appropriate to maintain the current 0-0.25% target range for the federal funds rate until labour market conditions have reached levels consistent with the committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% percent for some time," he said.Gold rose to US$1,865 an ounce o...Read More
Chilean copper producer Codelco renewed its labor agreement with the workers' unions representing employees at the Ventanas division located in the country's central Valpara?-so region, the state-owned miner said on Tuesday December 15.The new contracts will be effective for 36 months from February 1, 2021 for Union No.1 and from May 1 for the Turnados Union, Codelco said. Similar to the deal...Read More
Three mines on three continents are examples of what's happening in copper, the metal voted by investors as the most likely to succeed in both the old world of construction and plumbing and the newRead More
Global nickel premiums were largely unchanged in the week to Tuesday December 16, while in China, prices for nickel pig iron (NPI) and nickel sulfate responded positively to improved buying interest and strong nickel prices on the LME. European and US premiums both steady in thin marketChina's NPI and nickel sulfate prices up; plate premiums static LME price spike keeps European premiums firm desp...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW / TSX-V:SIM / FRA: WK3D) (the "Company" or "Siyata") announced the commercial launch of its Uniden (R) Mobile Coverage Kit (MCK), which is intended to empower first responders and government agencies to stay connected even in remote areas where cellular coverage is weak.Siyata's Uniden (R) MCK is designed to significantly improve cellular...Read More
Seaborne charge chrome ferro-chrome deals concluded at higher prices in the week to December 15 in response to tight availability of material, which ended four weeks of stability, sources said.Fastmarkets' ferro-chrome, 50% Cr, import, cif main Chinese ports assessment was at $0.72 per lb contained Cr on Tuesday, up by 2 cents or 2.9% from $0.70 per lb the preceding week. The increase in imported...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 16 that are worth another look.A collaboration between metals and mining companies including Anglo American, Glencore and Tata Steel have released a proof of concept carbon tracing platform to trace emissions across the value chain using distributed ledger...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 16 that are worth another look.A collaboration between metals and mining companies including Anglo American, Glencore and Tata Steel have released a proof of concept carbon tracing platform to trace emissions across the value chain using distributed ledger...Read More
Turkish deep-sea scrap import prices continued to climb on Wednesday December 16, with fresh bookings heard from Europe and the Baltic Sea regions, sources told Fastmarkets.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $435 per tonne and bonus at $445 per tonne cfr. The cargo composition could not be verified at the time of publication.Another steel...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 16.Key drivers Ferro-titanium has jumped more than 11% during the week to Wednesday December 16 to a peak last seen in January 2013 amid a flurry of orders from consumers in the steel sector, both for prompt shipment and for deliveries in January and February. The titanium scrap markets, where supplies have been getting tig...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally firmer this morning, Wednesday December 16, with prices holding up in high ground, backed by optimism that vaccines will lead to stronger recoveries next year, while the weaker dollar and concerns about inflation were also supportive. Japan's flash manufacturing purchasing managers index (PMI) climbed...Read More