Iron ore export volumes from Brazil increased by 4.51% year on year in June, along with higher fob prices. The country exported 35.31 million tonnes of iron ore last month, compared with 33.79 million tonnes in June 2017 according to figures released by the country's foreign trade ministry, MDIC, on Tuesday July 3. Over the same...Read More
Technical action by S&P 500 stocks to 10:00: Quietly bullish. Three utility stocks broke out. None broke down. TSX Gold Index and its related ETF $XGD.CA moved above 193.52 and 194.28 extending an intermediate uptrend. Barrick Gold $ABX.CA $ABX, a TSX 60 stock moved above $17.68 Cdn. extending an intermediate uptrend. Wheaton Precious Metals $WPM $WPM.CA, a TSX 60 stock moved above $22.34 and...Read More
Worldwide Warehouse Solutions (WWS) has filed for bankruptcy under Chapter 7 at a court in the United States and has closed all its operations, Metal Bulletin learnt on Wednesday July 4.The claim was filed by WWS, with legal representation from Bryan Cave Leighton Paisner, on June 28 at the Missouri Eastern Bankruptcy Court in St Louis, according to the court filing. The case lists liabilities of...Read More
China's domestic prices for hot-rolled coil bounced back on Wednesday July 4 after trading activity increased, though export prices softened amid a weakening yuan.DomesticEastern China (Shanghai): 4,220-4,250 yuan ($633-638) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,120-4,140 yuan per tonne, narrowing upward by 10 yuan per tonneDomestic prices posted some recovery with buyers s...Read More
China's domestic rebar prices experienced a mild recovery on Wednesday July 4 on higher sales following gains in the futures market. Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($593-600) per tonne, widened upward by 10 yuan per tonne Northern China (Beijing): 3,880-3,920 yuan per tonne, up 20 yuan per tonne Rebar futures surged during the first hour of trading, which boosted buying intere...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday July 4*Copper -$86.07 (-569.63 yuan)Aluminium -$478.65 (-3,167.72 yuan) Zinc $30.42 (201.30 yuan) Nickel -$119.02 (-787.66 yuan) *Metal Bulletin calculates the physical arbitrage for import into China...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Wednesday July 4:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 50,500-51,500 yuan per tonne from 50,800-51,500 yuan Cobalt MB free market high grade, $/lb: $39.00-40.85 per lb from $39.70-41.00 Cobalt MB free...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday July 4.NB: prices expressed delivered consumer...Read More
BEIJING, July 4 (Reuters) - China's top steel maker China Baowu Steel Group will move 4.03 million tonnes of iron-making capacity and 4.55 million tonnes of steelmaking capacity to middle and southern provinces from eastern regions of Shanghai and JiangsuMove is in line with Beijing's push to relocate heavy industries from polluted and crowded regions to places with less environmental pressureSome...Read More
Cenovus Energy's blockbuster acquisition of oilsands assets last year from ConocoPhillips has propelled the company into the highest ranks of Canadian oil production.The company is now number three in terms of production volume, after Canadian Natural Resources and Suncor Energy, according to data from the 2018 Oilweek Top 100, sponsored by KPMG.Cenovus Energy doubled its production in May 2017 a...Read More
A loan of $1,400 helps a member to buy fertilizer so her rice farmland will produce more than before.Read full newsRead More
Former Alecto also flags Matala sale deal did not go throughRead full newsRead More
Reading Time: 5 minutesThe year over year core PCE price index was up 1.955% in May. If you round the data up, the Fed has finally reached its target for 2% inflation. This means it beat out expectations by about half of a basis point since the expectation was for 1.9%. It was higher than last month's reportCONTINUE READINGRead full newsRead More
The chairman and co-founder of China's HNA Group conglomerate, died in Provence, France after a freak photography accident.Read full newsRead More
With the decline in car ownership for young people and the increased interest in all-electric vehicles, VW is announcing a new all-electric car-sharing platform called 'WE' that will la...Read full newsRead More
Yield Growth Corp. (P.YG, Forum) announced on Tuesday the terms of its offering memorandum, intending to raise up to $5 million. YG is a wellness asset growth Company focused on the license, sale and distribution of products in the cannabis industry, while developing products and technologies.For ...Read full newsRead More
A Canadian gold mining company has agreed to help clean up South Dakota's most contaminated industrial site.Read full newsRead More
A Canadian gold mining company has agreed to help clean up South Dakota's most contaminated industrial site.Read full newsRead More
Is US President Donald Trump compromising his country's security through his wild Twitter engagement?Read full newsRead More