There remained a dearth of interest for imported ferrous scrap in key buyer market Vietnam due to the sharp price downtrend in the week to Friday January 22, market sources told Fastmarkets. Offers for Japanese H2 were at $425-435 per tonne cfr southern Vietnam, down $30-40 per tonne week on week. Steel mills did not show any interest at this price. The limited interest for heavy scrap was exacerb...Read More
Bulls in charge, suggests StoneXRead full newsRead More
President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of US commodities.Read full newsRead More
CALGARY - Vancouver-based Eldorado Gold Corp. says it has struck a deal to buy the shares of Quebec exploration company QMX Gold Corp. it doesn't already own in a cash-and-shares transaction worth $132 million or 30 cents per share. Eldorado owns about 17 per cent of the QMX shares, purchased for six cents each in a private placement at the end of 2019. It's offering 7.5 cents in cash and...Read More
Gold had a good year in 2020, but something changed toward the end of the year that you can't afford to ignore.Read full newsRead More
Judson Culter, CEO, Rover Metals Corp. shares his company's stoRead full newsRead More
TriStar Gold Inc. is pleased to announce the appointment of Ms. JRead full newsRead More
TOMAGOLD CORPORATION is pleased to report preliminary results froRead full newsRead More
Victory Resources Corporation is pleased to announce a non-brokerRead full newsRead More
TFSA investors got good news again in 2021. The TFSA contribution limit was increased by another $6,000. This means that Canadians now have cumulative TFSA contribution limit of $75,500. So, we all have some decisions to make in 2021. Which stocks should we buy for our TFSAs?Without further ado, let me introduce you to a gold stock to buy now. Your TFSA is the perfect place for this dividend-growt...Read More
Let’s just get this straight: Warren Buffett has not indicated an imminent market crash is coming.The Oracle of Omaha has indeed done some tweaking to his portfolio to adjust for the new era of heightened valuations we’re in. He’s trimmed his stakes in financials stocks and added some exposure to gold. In fact, I really like his addition of Canadian gold miner Barrick Gold. ...Read More
Investors are drawn to tangible assets. It’s one of the reasons why real estate, despite its complexities as an investment asset (high cost of entry, active investment, etc.), always holds its allure. And even though stocks are backed by tangible assets as well, such as its property (both physical and intellectual), the underlying assets and its cash reserves, people don’t find t...Read More
Scottie Resources reported the system is shown to occur along strike from its past-producing Scottie Mine. In a news release, Scottie Resources Corp. (SCOT:TSX.V) announced that the first ever drilling in the Domino zone at its Scottie project in British Columbia encountered high-grade gold and silver mineralization. Highlights intercepts from the recent 18-hole drill campaign at Domino include 2...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
A summary of the 2020 fourth-quarter (October-December) operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States.In brief In the fourth quarter, sales to the domestic market dropped to 2.58 million tonnes, down 7% from 2.77 million tonnes in the previous quarter amid lower steel product sales in Russia. Flat steel sal...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
A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper. The goal is to incentivize trade on the exchange's electronic trading platform, LMESelect, and is proposed to be achieved by cutting fees to trade electronically while raising fees for the telephone market by around 5...Read More
The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More
Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor. The closure of the floor, now entering its 144th year, has been proposed in a discussion paper issued by the exchange earlier on Tuesday January 19.The open outcry floor may be old, but it didn't appear to have serious underlying health issues. It has successfully fought back against talk it was set to...Read More
It's been nearly a decade since the Global Silver ETF and Exchange Inventories increased by such a large amount in one day. The overwhelming... by Steve St Angelo of SRSrocco ReportGlobal silver investment inventories jumped by a record one-day increase after the large sell-off and the silver price recovery on Tuesday. It's been nearly a decade since the Global Silver ETF and Exchange Invento...Read More