Canada's TSX main stock index fell on Wednesday, driven by a decline in bullion prices and mining stocks offset gains in oil prices amid an economic rebound from vaccination rollouts and a U.S. fiscal package. After hitting an all-time high in August 2020, gold stocks and gold prices are now experiencing a correction as the US, UK and other governments announced massive stimulus packages. The cur...Read More
Investing at a young age is advantageous, as your investment gets more time to harness the power of compounding. Further, you can buy high-returning stocks, as your risk-taking ability will also be high. However, your investment capital could be a constraint, as you have just started your career.Meanwhile, don’t get discouraged by a limited budget. Even with small but regular investments, on...Read More
Imperial Metals (TSX:III) is a Canadian mining company active in the acquisition, exploration, development, mining and production of base and precious metals. Over the last several decades, the company has undergone several transitions to become Imperial Metals. In 2002, the company completed a corporate reorganization to become Imperial Metals and divested several oil and gas assets with a renewe...Read More
The Canadian equity markets continue to rise, as better-than-expected fourth-quarter GDP and higher oil prices increased investors’ confidence. At the close of Tuesday, the S&P/TSX Composite Index was trading just 0.9% lower from its all-time high. Meanwhile, these four Canadian stocks are trading at a considerable discount from their respective 52-week highs and offer excellent buy...Read More
There's a prevailing trend among many Wall Street analysts to dismiss inflation.They tend to talk about it like it's ancient lore - something not seen since the 1970s. Case in point: One opinion writer for The Washington Post recently wrote, "Remember inflation? If you, like most Americans, were born after 1981, the answer must be 'no.'"Honestly, what an absurd thing to say. I was born in 1983,...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 4 that are worth another look....Read More
Copper's price dipped to $8,907.50 per tonne while nickel sank by 7.4% at the 5pm close of trading on the London Metal Exchange on Thursday March 4, with sell-offs and corrections seen for a second day.Prices for other materials in the base-metals complex fell by an average of 1.9%."Base metals have backed off from their recent highs over the past week, with the market experiencing some very viole...Read More
Trafigura has confirmed it will hold a 19% stake in the Goro nickel mining and processing complex in the South Province of the French territory of New Caledoniia, 1,200km east of Australia.The announcement by the Swiss trading and mining company comes alongside reports that electric vehicle car maker Tesla will source material from the mine for use in its batteries.Trafigura is part of the Prony R...Read More
The chrome market was shocked in October 2020 when the South African government revealed plans to impose a chrome ore export tax, but the subsequent lack of news probably hides activity behind the scenes rather than indicating that the plan has been quietly dropped.There was uproar in the chrome market after Jackson Mthembu, South Africa's minister in the presidency, announced that the government...Read More
"AIM is a market and environment which is more suited to the company's current size and strategy and will offer greater flexibility with regard to corporate transactions," the Isle ofRead More
Trafigura has confirmed it will hold a 19% stake in the Goro nickel mining and processing complex in the South Province of the French territory of New Caledoniia, 1,200km east of Australia.The announcement by the Swiss trading and mining company comes alongside reports that electric vehicle car maker Tesla will source material from the mine for use in its batteries.Trafigura is part of the Prony R...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") an AI-driven platform used for distribution of product information to any retailer globally, announces growing Mesh Connector?,,? sales and additional channel requests from one of North America's largest home furnishing manufacturers.The client company is a well-known brand in the home improvement industry. It b...Read More
The nickel, copper and PGM miner has now fully suspended operations at its Oktyabrsky and Taimyrsky mines located in Russia's Far North, having announced a temporary suspension on February 24.Read More
Chinese nickel premiums widened upward in the week to Tuesday March 2, with a favorable import arbitrage and increased spot liquidity providing support, while terms in Europe and the United States were broadly flat.Nickel premiums rise in China, ore prices set another record highEuropean cut cathode premium rises 5%, others flatUS premiums unchanged as participants remain watchfulChina's refined m...Read More
Thompson will not seek re-election as a director at the 2022 annual general meetings. Thompson, a former geologist and investment banker, joined the board of Rio in 2014 and became chairman in 2017.Read More
The European ferro-titanium price dropped over the week to Wednesday March 3, with the range widening lower, which surprised industry sources because an acute shortage of scrap has been pushing up all titanium markets in recent months, sources said.The dip in ferro-titanium prices should be brief, however, given the upward pressure on prices from tight feedstock supplies, which is squeezing alloy...Read More
Trafigura has confirmed it will hold a 19% stake in the Goro nickel mining and processing complex in the South Province of the French territory of New Caledoniia, 1,200km east of Australia.The announcement by the Swiss trading and mining company comes alongside reports that electric vehicle car maker Tesla will source material from the mine for use in its batteries.Trafigura is part of the Prony R...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 4 that are worth another look....Read More
The European ferro-titanium price dropped over the week to Wednesday March 3, with the range widening lower, which surprised industry sources because an acute shortage of scrap has been pushing up all titanium markets in recent months, sources said.The dip in ferro-titanium prices should be brief, however, given the upward pressure on prices from tight feedstock supplies, which is squeezing alloy...Read More
The Turkish steel producers have resumed their deep-sea scrap purchases after a short break and have booked two cargoes at slightly higher prices, market sources said on Thursday March 4.A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (95:5), 18,000 tonnes of shredded and 7,000-8,000 tonnes of plate and structural (P&S), at an average price of $471 p...Read More