An overview of the battery raw materials markets and their price moves from the past week.Read More
A surge in Chinese high-carbon ferro-chrome production last year led to a jump in buying interest for chrome ore, resulting in a significant build-up of ore inventories in the country that is dampening market sentiment. At the same time, the increased output among Chinese ferro-chrome smelters is exceeding demand from the downstream stainless steel sector and is putting pressure on China's market...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 28. China Novel coronavirus (2019-nCoV) continues to weaken sentiment for seaborne ore prices amid sharp falls in portside and alloy prices. Portside prices fell on aggressive bids...Read More
Forrest bought 22.1 million shares on market between last Friday and yesterday. FMG shares peaked at $12.Read More
"We remain cautious if not outright bearish in the very near-term, expecting copper to trade down to US$5300/t, nickel down to $12,000/t, and iron ore down to $70/t," it said.Read More
Benchmark alumina prices climbed to a seven-month high on Friday February 28 with deals concluding above $300 per tonne. Fastmarkets calculated the daily alumina index, fob Australia at $302.50 per tonne on Thursday, up from $299.74 per tonne the previous day and $292.47 per tonne a week ago. It was now at its highest level since July 30, 2019. Key drivers: Nalco tender concluded on Fri...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesFeb 28, 2020 Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-st...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 389,33953,47490,728176,619552,240656,686696,442 Change from Prior Reporting Period -19,010-1,22624,1221,100-8,8916,21214,005 Traders 24163775857332172 Small Speculators LongShortOpen Interest 76,23136,475732,917 11,3883,59517,600 non reportable positionsC...Read More
By: Gary Savage I have to laugh at two things:Perma-bears are calling for the end of the bull market. But it is not the end, not yet!Other people are trying to take credit for the crash.The Fed prevented the market from correcting in December and now look..https://blog.smartmoneytrackerpremium.com/ Read More
By: Ira EpsteinCovid19 is causing panic, but do not panic! Gold, you would think, would be up more, but it is not. $1626.6 is key to short-term to watch as a support zone, but if it goes below then what?Read More
The price of ferrous scrap imported into India was broadly stable in a lackluster market this week, due to ongoing global fears over the spread of the novel coronavirus (2019-nCoV) and the linked rise in container freight rates, sources told Fastmarkets on Friday February 28.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $305.66 per tonne on Friday, up...Read More
Rick Ackerman, Rick's PicksThe stock market at its most violent this week has been an easy read, just as it was when the tech sector imploded 20 years ago and during the financial collapse of 2007-08. On the eve of today's memorable carnage the short-term charts practically glowed with warnings of the Dow's imminent, record-breaking plunge. I'd predicted as much in commentary sent out the ni...Read More
The inter-merchant spot market for light iron scrap in the UK was flat in the week ended Friday February 28, extending a period of price stability this month against a recovery in European export prices and with major British shredders seeking steady supplies, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant,...Read More
Turkish steel producers remained out of the deep-sea scrap import market at the end of the week to avoid a further increase in prices, while escalated tension in Syria hit trade in the country, sources said on Friday February 28.After a buying spree over the past three weeks, mills stepped back from deep-sea scrap purchases at the beginning of this week.The most recent cargo was sold on Monday Feb...Read More
Growing fears in recent days that the novel coronavirus (2019-nCoV) epidemic is becoming a pandemic have given global equity markets a reality check and base metals that had initially reacted more than equities are now down less than equities, so may have some catching up to do.The Dow Jones Industrial Average in pre-market trading on Friday February 28, is indicated at 25,190, which means it is d...Read More
OTTAWA - Following successful meetings with officials and nuclear industry leaders at the Canadian Nuclear Association's annual conference, Greg Rickford, Ontario Minister of Energy, Northern Development and Mines, issued the following statement:"I would like to thank the Canadian Nuclear Association for hosting an exciting and productive conference. CNA2020 Nuclear Now: Achieving Our Clean Energy...Read More
NORTH BAY- The government of Ontario is supporting five manufacturing companies in Northern Ontario by providing $1.5 million through the Northern Ontario Heritage Fund Corporation (NOHFC) and creating 16 jobs.Today, Vic Fedeli, MPP for Nipissing, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines, announced funding for the following projects: $359,341 for North Bay Pl...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More