Ralph Aldis, portfolio manager at U.S. Global Investors, in this interview with Streetwise Reports, discusses resource companies that have been top performers in 2020 and, looking ahead to 2021, names companies that he expects to outperform. Streetwise Reports: Ralph, thanks for joining us today. 2020 has been a year that no one predicted. What lessons have you learned from the last year? Ralph A...Read More
Shares of U.S. Gold Corp. reached a new 52-week high after the company reported drill results from its CK Gold Project in Wyoming that demonstrated 244m of continuous mineralization including 78.3m of 5.708 g/t Au eq from surface at its fourth metallurgical hole. U.S.-focused gold exploration and development company U.S. Gold Corp. (USAU:NASDAQ), which is advancing projects in Wyoming, Nevada and...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on December 29.Fastmarkets' premium for the supply of aluminium...Read More
Recently,British Petroleum (BP) went public in declaring that “peak oil demand” wasreached in 2019. According to the oil major’s 2020 outlook, global oil demandwill not regain levels reached last year, and that demand could soon fallrapidly, due to stronger climate action by countries, by at least 10% over thenext 10 years, and up to 50% by 2040. Demandfor the fossil fuel has dou...Read More
Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on Tuesday December 29.Turkey imported 1,132,907 tonnes of HRC under HS code 7208 in the first 10 months of 2020, down by 12.73% from 1,298,189 tonnes in the same period of 2019, according to the Turkish statistical Institute (T?oeI...Read More
Peter Krauth provides the investment case for silver.In many ways, most of us can't wait to put 2020 behind us and call it last year.We've experienced a once-a-century global pandemic, infecting almost 80 million people. Lockdowns caused businesses to shutter and soaring unemployment, with massive economic consequences.If you dig a little deeper, other costs include soaring debts and deficits worl...Read More
A whitepaper published by the Chinese government on December 21 entitled "Energy in China's New Era" underlines Beijing's determination for the development of a green, low-carbon and sustainable energy sector."Building a clean and diversified energy supply system" is listed as one of the five action points that China needs to work on to develop its energy sector. The other four points center on en...Read More
This second part of our special “What To Expect In 2021” article highlights our proprietary Adaptive Dynamic Learning (ADL) price modeling system and is specifically authored to help you understand where trends, price rotations, and risks may set up throughout 2021. In the first part of this article, we covered the ES, NQ, and INDU symbols – highlighting how each one of the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on December 29.Fastmarkets' premium for the supply of aluminium...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 29.Please click...Read More
Export prices for long steel products from the Commonwealth of Independent States (CIS) rose again during the week to Tuesday December 29 amid strong market fundamentals.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $650-670 per tonne on Tuesday, up by $20 from $630-650 per tonne a week earlier.Offers for Russia-origin re...Read More
Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on Tuesday December 29.Turkey imported 1,132,907 tonnes of HRC under HS code 7208 in the first 10 months of 2020, down by 12.73% from 1,298,189 tonnes in the same period of 2019, according to the Turkish statistical Institute (T?oeI...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on December 29.Fastmarkets' premium for the supply of aluminium...Read More
Seaborne iron ore prices declined again on Tuesday December 29 due to the cold wave in China suppressing operations at ports and leading to weakened steel demand, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $163.02 per tonne,down $0.83 per tonne62% Fe low-alumina fines, cfr Qingdao: $163.50 per tonne,down $1 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.15 p...Read More
The CME Group's cash-settled cobalt futures contract, which is tied to Fastmarkets' daily benchmark price assessment for the metal, was traded for the first time on Monday December 28. One lot was traded for each month of the first quarter of 2021 at $15.60 per lb. These are the first three lots to be traded since the contract's launch on December 14.The contract, traded under the Bloomberg ticker...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Prices of stainless steel are generally set to reach highs for the year as 2020 comes to a close. For the most common nickel-containing grades of stainless steel, this upward trend is being driven above all by rising nickel prices, which themselves are hitting relatively high levels into the end of 2020.The price increases si...Read More
The three-month tin price on the London Metal Exchange reached a new 2020 high, while zinc's forward price saw a 2% slump and the rest of the base metals were mixed at the 5pm close on Tuesday December 29.Tin's three-month price hit $20,410 per tonne, overtaking the previous high of $20,245 per tonne on December 18.The price retreated slightly to $20,386.50 per tonne at the close, a gain of 1% fro...Read More
Fastmarkets' premium for the supply of aluminium to main Japanese ports (MJP) in the first quarter of 2021 has settled at $130 per tonne, its highest since the third quarter of 2018.The latest aluminium P1020A (MJP) quarterly premium, cif Japan is on top of the London Metal Exchange cash price and for January-March delivery. The premium is up 47.7% from $88 per tonne in the fourth quarter of 2020....Read More
RAPAPORT... Graff subsidiary Safdico has purchased a substantial number of shares in Lucapa Diamond Company, as part of the miner's bid to raise money for the expansion of its Mothae deposit.Lucapa shareholders approved the sale of 6% of company stock to diamond manufacturer Safdico for AUD 2.7 million ($2.1 million) at its general meeting December 17. In total, Lucapa aimed to raise approximately...Read More
RAPAPORT... The diamond industry underwent rapid changes in 2020 as the coronavirus swept through the world and devastated economies. The much-read Rapaport Weekly Market Comment kept up with the news, narrating the state of the trade while the situation developed at high speed.In the first quarter, this included the virus's shift from an epidemic in China to a major pandemic that shut down r...Read More