Chinese steel futures jumped on Wednesday, with construction rebar and hot rolled coils both closing up more than 3%, fuelled by expectations of production cuts.Read full newsRead More

Royal Dutch Shell (RDSa.L) will boost returns to shareholders via share buybacks or dividends earlier than expected after a sharp rise in oil and gas prices helped it reduce debt, the Anglo-Dutch energy firm said on Wednesday.Read full newsRead More

China is in the middle of a huge power crunch as extreme weather, surging demand for energy and strict limits on coal usage deliver a triple blow to the nation's electricity grid. It's a problem that could last for months, straining the country's economic recovery and weighing on global trade.Read full newsRead More

Fredericton, New Brunswick--(Newsfile Corp. - July 7, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (Read full newsRead More

Opawica Explorations: Gold Exploration in the Prolific Canadian Jurisdictions of Quebec and NewfoundlandRead full newsRead More

The Canadian stocks opened sharply lower on Thursday — partly due to continuously diving oil prices and investors’ fears about new COVID-19 variants. This morning, the S&P/TSX Composite Index was trading at 20,215 with about 1.4% losses for the day. Energy stocks like Nexgen Energy, Crescent Point Energy, and MEG Energy were among the worst-performing stocks at the open. Let’...Read More

The focus on finding undervalued stocks is on. Indeed, in this market, which has seen some volatility today amid what appears to be risk-off sentiment, this shift could be accelerated in the near term. Accordingly, those seeking safe places to hide are increasingly looking at value picks.That said, there doesn’t happen to be a wide variety of value stocks on the market today. Few are trading...Read More

For more than a year now I've been warning that inflationary pressures would run rampant.In June 2020, I pointed out that the Fed was ignoring price increases that occurred throughout the pandemic...A few months later I noted the revolutionary shift in its policy priorities, as it effectively abandoned the so-called "dual-mandate."In February, I laid out a series of sectors whose rising prices con...Read More

Here are five Fastmarkets stories you might have missed on Thursday July 8 that are worth another look.Iran's steel output will be negatively affected by severe power shortages that started in June and still remain an issue, market participants said.Kamoa Copper's 3.8-million-tonne-per-year concentrator in the...Read More

Base metals prices on the London Metal Exchange showed mixed directions at the 5pm close of trading on Thursday July 8, with copper and aluminium down on a slowing Chinese economy and talks of tapering from the United States."The takeaway from last night's FOMC [meeting] appears to be that this month... should see the ramping-up of more formal talks on tapering, with the line that the conditions f...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 7.Please click...Read More

Ferro-chrome prices in Asia and Europe have been trending upward since mid-May amid strong demand, with tightened supply from India fueling the bullish sentiment further in those markets, according to industry sources.India - ranked as the world's fourth-largest producer of ferro-chrome - produced around 1.28 million tonnes of the ferro-alloy in 2019, but last year it produced just 970,000 tonnes...Read More

South African miner Chrometco is filing for a restructuring of its business, and is putting its mining and chrome wash operations on care and maintenance due to the current financial pressures, it has announced.Chrometco, owned by South African commodity trading house Sail, will apply for restructuring and refinancing to meet commitments to its creditors and employees, according to an announcement...Read More

Export prices for ammonium paratungstate (APT) from China have continued to rise, with China's domestic supply tightening and overseas markets in urgent need of the material due to low inventories, sources told Fastmarkets this week.Fastmarkets' weekly price assessment for tungsten APT 88.5%WO3 min, fob main ports China was $282-292 per metric tonne unit (mtu) onWednesday July 7, up by $7-10 per m...Read More

Turkish steel mills continued to book deep-sea scrap for August shipment at slightly higher prices, market sources said on Thursday July 8.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (90:10) at $498 per tonne, shredded and plate & structural (P&S) at $516. The composition of the cargo was not shared by the parties involved. This compares with deep-sea bookings heard...Read More

Demand for steel scrap imports into Bangladesh was being limited by the country's extended Covid-19-related lockdown, market participants told Fastmarkets on Thursday July 8.The strict lockdown, which has been extended until at least July 14, has led to a complete shutdown of the country's steel retail market and has led to an exodus of laborers from the capital city, Dhaka."They are not admitting...Read More

The price gap between higher and lower grades of steel scrap continued to widen in the Japan export market over the past week, sources told Fastmarkets on Thursday July 8.Rising demand for heavy scrap (HS) and Shindachi busheling, both from blast-furnace (BF) mills in Japan and buyers in South Korea, has continued to propel prices for these materials upward.On the other hand, limited demand for lo...Read More

Base metals prices on both the LME and SHFE were mixed this morning, Thursday July 8, after the United States Federal Reserve's latest minutes showed a slight pick-up in hawkishness.China is looking to cut the bank reserve requirement ratio (RRR), suggesting the authorities think the economy needs supportBase metalsLondon Metal Exchange three-month base metals prices were mixed on Thursday July 8,...Read More

European hot-rolled coil prices edged up on Thursday July 8, despite slow trading activity, supported by still-limited supplies, sources told Fastmarkets.Sufficient stocks at distributors, as well as full credit lines, were the main reasons behind the lack of trading activity, sources said. Buying interest remained subdued, with customer largely holding back and making only hand-to-mouth bookings...Read More

Domestic prices for heavy steel plate have been stable in Europe in the week to Wednesday July 7, with buyers holding back from making deals for substantial volumes, sources told Fastmarkets.Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Southern Europe was unchanged over the week at ?,?980-1,020 ($1,158-1,205) per tonne on July 7.The assessment was based on achievable prices...Read More