China's domestic rebar prices remained unchanged on Friday February 7 amid weak trading despite an expected rise in construction activity from next week.Eastern China (Shanghai): 3,360-3,400 yuan ($481-487) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedMany construction projects in Shanghai are scheduled to resume work next week, though a few of them have put o...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Index futures were virtually unchanged following release of the January employment report at 8:30 AM EST. Consensus for January Non-farm Payrolls was 165,000 versus 145,000 in December. Actual was 225,000. Consensus for January Unemployment Rate was unchanged from December at 3.5%. Actual...Read More
China's hot-rolled coil prices dropped further on Friday February 7 amid thin trading in the domestic market, which led at least one mill to export at prices much lower than the market average to draw down stock levels.DomesticEastern China (Shanghai): 3,540-3,550 yuan ($510-512) per tonne, down 30 yuan per tonneNorthern China (Tangshan): 3,250-3,270 yuan per tonne, down 10-20 yuan per tonneMost s...Read More
The London Metal Exchange three-month zinc price was trading down 1.2% on the previous day's close at around $2,179.50 per tonne during the morning session on Friday February 7, following a 10,100-tonne fresh inflow of the metal into LME-approved sheds in Vlissingen in the Netherlands.This was versus a much lesser 375-tonne outflow of material from Rotterdam and Vlissingen, leaving LME global zinc...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More
A summary of the financial results for Belgian battery-materials manufacturer Umicore in 2019.In brief The company grew revenues and recurring earnings before interest and taxes (Ebit) in catalysis despite the global recession in the automotive market, resulting from market share gains in light duty gasoline applications and increasing penetration of gasoline particulate filters in Europe and Chin...Read More
Moving into 2020, cobalt metal, salts and hydroxide prices have been well supported in January on solid demand and producers' firm offers, while spot activity in China has slowed since mid-January due to the Lunar New Year holiday and Wuhan coronavirus outbreak.Price movesTraders and consumers actively restocking boosted the benchmark standard-grade cobalt prices at the very beginning of January,...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday February 7. China Coronavirus-related raw material supply disruptions and road transport restrictions pushed up domestic price. Tightened road transport measures made it hard to find trucks to deliver alloy from smelters to stainless steel mills, sources said. Trading activity in U...Read More
The price of stainless steel in the European domestic market remained unchanged this week, despite weak demand, sources told Fastmarkets on Friday February 7. Many market participants expect prices to fall in March because of recent weakness in the nickel market (despite nickel prices actually moving up slightly this week). But this expectation...Read More
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has entered into a US$30 million credit facility led by the French financial services firm Natixis."We were very pleased to receive support from Natixis and the Lundin family," says Darren Klinck, Bluestone's president. "The credit facility is the first stage of financing and represents a strong endorsement of the Cerro Blanco gold project."Natixis is...Read More
Japanese powerhouse Mitsubishi Materials Corporation (MMC) has acquired a 30% stake in Mantos Copper's Mantoverde mine and associated projects in Chile for US$263 million.MMC has been seeking to participate in high-quality copper projects to secure concentrate for its copper smelters, as demand for the industrial metal is expected to soar in the coming years because of its use in electric vehicles...Read More
Since B2Gold (TSX: BTO; NYSE: BTG) launched BeMetals (TSXV: BMET) two years ago as a base-metals-focused junior, the company has picked up a development-stage zinc-silver project in southwestern Idaho called South Mountain.Originally floated in early 2018 on the early-stage Pangeni copper project in Zambia, BeMetals wanted to add more advanced-stage base metal projects to its portfolio and in earl...Read More
Banro (TSX: BAA) will put its Namoya gold mine in the Democratic Republic of Congo (DRC) up for sale at a significant discount after repeated attacks from armed rebels forced it to halt operations once again in September.The Toronto-based miner, present in eastern DRC since the 1990s, said the decision to offload Namoya was based on the lack of government support to keep its staff and assets safe....Read More
The copper price continued to recover on Thursday as investors bet on a quick bounce in economic activity in China once the viral outbreak is brought under control.After bottoming on Monday below US$2.50 per lb., the lowest since May 2017, copper rebounded by more than 5% to trade as high as US$2.62 per lb. (US$5,780 a tonne) in New York on Thursday.In a note, Capital Economics says the gains may...Read More
Canada's government should fund initiatives like a proposed C$1.6 billion (...Read full newsRead More
NYSE American: GPL | TSX:GPRVANCOUVER , Feb. 6, 2020 /PRNewswire/ - GREAT PANTHER MINING LIMITED GPL(GPR) (Read full newsRead More
NYSE American: GPL | TSX:GPRVANCOUVER , Feb. 6, 2020 /PRNewswire/ - GREAT PANTHER MINING LIMITED GPL(GPR) (Read full newsRead More
Price-killing gold sales by the Bank of England 20 years ago have created an opportunity for the redevelopment of the Misima gold mine in Papua New GuineaRead full newsRead More
VANCOUVER, British Columbia, Feb.07, 2020(GLOBE NEWSWIRE) -- Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) ("Rubicon Organics" or the "Company") is...Read full newsRead More
Hi there, Fools. I’m back to highlight three stocks under $10. While low-priced stocks carry plenty of risks, they can be a source of ideas when looking forsmall, obscure, and underfollowed companies;dirt-cheap bargains; orintriguing turnaround situations.If you have big dreams of turning an average $27K TFSA into $1,000,000 in 20 years, you’ll need explosive returns to do it. So, if y...Read More