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Looking for growth stocks immune to the uncertainty of the new year? Matching the industrial growth thesis of a recovering auto space with the all-weather play of gold looks like a fairly safe play. For Canadians eyeing Brexit with cautious optimism, for instance, these two asset types could also prove capable of weathering the storm. Let’s explore the potential of twinning these asset types...Read More
Commodities investing got a shakeup last year with the gold bull run. But another metal could be on the rise. With less of the capital risk and some of the upside of gold, copper looks solid in 2021. Copper is also a reduced exposure play on everything from electric vehicles to solar energy. From a gold miner with a copper fallback, to a copper miner with some gold under its belt, here are three s...Read More
Investing in gold is a topic that gets a lot of attention on Fool, and rightfully so. Playing gold is not an easy task. At times, this asset class trades as a commodity based on capital flows. Other times, this asset class trades as a pure hedge to currency devaluation or inflation.Right now, gold is trading in a downtrend after hitting an all-time high earlier last year. With gold still trading a...Read More
The equity markets have managed to survive a highly volatile year as the world continued to grapple with the COVID-19 pandemic. The stock markets lost 36% in market value in five weeks but gained significant momentum to end 2020 at record highs.The stock market rally was fueled by tech stocks and companies in the renewable energy or electric vehicle sectors. Alternatively, companies in the aviatio...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More
Forward prices for copper and nickel on the London Metal Exchange continued to reach new highs during trading on Thursday January 7, while the rest of the base-metals complex showed smaller increases than those seen at the beginning of the week on a marked rebound in the US dollar index.Nickel's three-month price achieved a new 16-month high of $18,200 per tonne on Thursday, with the uptake of ele...Read More
The blockade at the Las Bambas copper mine in Peru has been partially ended on a temporary basis pending a dialogue between local community members and mining company MMG, Fastmarkets learned on Thursday January 7. But the path to a resolution remains uncertain, a source with direct knowledge of the matter said. Meanwhile, transport of copper concentrate is still minimal because it will take time...Read More
Bob Moriarty ArchivesJan 7, 2021I’ve followed Anaconda for years and never come to grips as to why they seem to get no respect.In their latest press release they showed 871.2 g/t gold over half a meter, 47.87 g/t over 1.5 meters and 20.08 g/t Au over 2.4 meters at Goldboro. This is all part of an 18,000 meter drill program designed to move resources from the inferred category into the measur...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More
The Chinese alumina price rose slightly this week following a spate of panic buying after railway transport in Shijiazhuang, in the northern Chinese province of Hebei, was suspended amid a rise in Covid-19 infections, market participants told Fastmarkets. All trains arriving in or departing from Shijiazhuang, the capital city of Hebei, have been canceled since Wednesday January 6. Shijiazhuang Cit...Read More
The blockade at the Las Bambas copper mine in Peru has been partially ended on a temporary basis pending a dialogue between local community members and mining company MMG, Fastmarkets learned on Thursday January 7. But the path to a resolution remains uncertain, a source with direct knowledge of the matter said. Meanwhile, transport of copper concentrate is still minimal because it will take time...Read More
China Copper's raw materials director Feng Mingrui will be the next group leader of the country's top copper smelters after a tie vote at a recent meeting, sources told Fastmarkets.Feng, who previously worked at Daye Nonferrous and Trafigura, received the same number of votes as Jinchuan Group's Yang Xiangbin at a meeting of the China Smelters Purchase Team (CSPT) in late December.The CSPT eventua...Read More
Greenlandic pension fund SISA Pension has joined Danish national investment fund Vækstfonden and the Greenland State investment company Greenland Venture as investors in GAM.Read More
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More
Botswana's minister of mineral resources granted Lucara a 25-year licence extension on Tuesday.Read More
Spot cobalt hydroxide payables surged in the first half of this week with Chinese consumers actively seeking units while logistical bottlenecks continued to cap suppliers' ability to deliver January cargoes. Fastmarkets' assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China moved up to 86-88.5% against standard-grade cobalt price (low end) on Wednesday January 6, from 82-83%...Read More