Last year was an interesting time for the stock market. Some industries plummeted while others soared. The COVID-19 pandemic created a difficult business environment in general.Despite all this, there are pros and cons to the current state of the Toronto Stock Exchange. On the one hand, there are some great stocks selling for low prices. Then again, winners of the troubling year are bringing...Read More

There's no other way to say it: 2021 came out swinging. When I think about the Capitol rioting, I think about the signs you sometimes see that say, "This workplace has gone __ days without an accident." As it stands, we made it a full six days into 2021 before another headline-dominating incident took place. In a lot of ways, insurrectionists marching on the Capitol was a natural progression of...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.Brazil-based miner Vale and Japanese trading company Mitsui have signed a heads-of agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC)...Read More

Tin's forward price on the London metal Exchange rose to near seven-year highs above $22,000 per tonne on Thursday January 21 and aluminium and nickel posted gains just short of 1%, supported during trading by a weaker dollar index. The semiconductor metal rose to as high as $22,360 per tonne in the morning of Thursday, its highest price since July 2014. Tin's three-month price held at $22,000 pe...Read More

Hidden under the big headline of the ring closing, the London Metal Exchange's recent discussion paper also asked market participants for feedback on stocks, physical movements and market squeezes. The discussion paper on Tuesday January 19 caught people's attention because of its proposal to close the open-outcry trading ring, but participants told Fastmarkets other topics are far more controvers...Read More

Aurubis expects high copper prices and consequent availability of scrap metal to boost its earnings for its 2021 financial year beyond previous forecasts, it said in a release to investors on Thursday January 21. The German smelting company, which is Europe's largest copper and tin producer, raised its forecast earnings for the financial year ending September 2021 before taxes to ?,?270-330 m...Read More

Canadian investment bank Stifel GMP will underwrite the transaction, purchasing 9.9 million of Neo Lithium special warrants priced at C$3.05 each.Read More

Ongoing negative real interest rates and excess liquidity will see gold rise gradually in the first months of 2021, Rhona O'Connell, StoneX head of market analysis for EMEA & Asia, wrote in theRead More

A summary of China's alumina and aluminium ingot imports for December 2020 and the full-year 2020 from China customs data released on January 20.Alumina:December total: 408,511 tonnes, up 0.4% year on...Read More

Exporters of ammonium paratungstate (APT) in China have raised their offers amid a strengthening domestic market, though concerns over logistics as a result of the approaching Chinese New Year is sapping their interest to trade.Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $238-243 per metric tonne unit (mtu) on Wednesday January 20, up by $2-3 per m...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.Brazil-based miner Vale and Japanese trading company Mitsui have signed a heads-of agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC)...Read More

The price of alloy-grade cobalt was unchanged day-on-day in the assessment on Thursday January 21, breaking a two-and-a-half-week rally, after Chinese buying activity subsided and European demand did not push prices further along.Fastmarkets' price assessment for cobalt, alloy grade, in-whs Rotterdam, remained at $18.00-18.50 per lb on Thursday. But this price was up by 14.4% from $15.60-16.30 per...Read More

Negative sentiment prevailed in the Turkish deep-sea scrap import market on Thursday January 21, with offer prices continuing to slide, sources told Fastmarkets.The most recent deal heard by sources -  a Baltic Sea cargo on Wednesday January 20 - put the HMS 1&2 (80:20) price at $440 per tonne cfr.The number of offers has increased since then and prices have gone down acco...Read More

More deep-sea bulk cargoes have been sold to Bangladesh from the United States, with prices easing following the sales, market participants told Fastmarkets on Thursday January 21. Three bulk cargoes from the US West Coast were booked in recent weeks within a range of $495-500 per tonne cfr for HMS 1&2 (80:20) to a major mill in the country, with sources saying the total quantity of the deals come...Read More

A drop in scrap bid prices from a major South Korean steelmaker led to a weakening in the Japan steel scrap export market in the week to Wednesday January 20, market participants told Fastmarkets. The South Korean mill released bids on Wednesday at ?39,500 ($381) per tonne fob for H2, ?44,000 per tonne fob for plate and structural (P&S), ?45,000 per tonne fob for Shindachi and ?44,000 per tonn...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and pauses are attracting further buying, with tin and nickel leading on the upside. US equity futures and many Asian-Pacific equity indices are setting record or multi-decade highs Base metals Three-month base metals prices on the LME were up by an...Read More

The price of alloy-grade cobalt was unchanged day-on-day in the assessment on Thursday January 21, breaking a two-and-a-half-week rally, after Chinese buying activity subsided and European demand did not push prices further along.Fastmarkets' price assessment for cobalt, alloy grade, in-whs Rotterdam, remained at $18.00-18.50 per lb on Thursday. But this price was up by 14.4% from $15.60-16.30 per...Read More

Share this articleTORONTO - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) reported the successful completion of Yamana's acquisition of the Wasamac property and the Camflo property and mill from Monarch Gold Corporation.The addition of the Wasamac project to Yamana's portfolio further solidifies the company's long-term growth profile with a top-tier gold project in Quebec's Abitibi region, a proli...Read More

Share this articleNeo Lithium Corp. [NLC-TSXV; NTTHF-OTC] has announced a $30.2 million bought deal financing that will be used to fund development of its 100%-owned Tres Quebradas (3Q) Project in Argentina.Specifically, Neo Lithium intends to use the majority of the financing proceeds to advance the construction of the concentration pond system at a commercial scale with a view to accelerating fu...Read More

I was 17 when I first took LSD.To be honest, I didn't like it.It kind of freaked me out.I was too young and inexperienced to fully understand what this molecule was and how it worked.I tried it again in college and then a few more times in my early 20s.Eventually, I did get to like it.Not to the point where I continued to use it, though.In fact, I haven't taken LSD since the mid-'90s.Of course, I'...Read More