We learned from Ted Ellwood, President and CEO of Peloton Minerals Corporation (CSE: PMC, OTCQB: PMCFF), that they have made the decision to focus purely on the exploration part of the mine life cycle and to look for properties that have potential to interest a major mining company. Peloton holds three gold exploration projects, located in Elko County, Nevada, one of which is under option to Kinro...Read More
We've come to that special time of year again.. Energy and Capital editor Keith Kohl digs into the OPEC+ meeting that is set to take place tomorrow and questions whether the choice to cut or pump oil has already been made.For most, the month of December conjures images of stockings, trees, and presents.I think of OPEC.Around this time every year, its members get together and coordinate with one an...Read More
As 2019 draws to a close, Fastmarkets examines the underlying factors driving the spread between US hot-rolled coil and steel reinforcing bar prices throughout the year.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US averaged $33.12 per hundredweight at the midpoint in January-November, while the steel hot-rolled coil index, fob mill US averaged $29.77 per cwt, creatin...Read More
Here is what's new today on INK Ultra Money. All Canadian Insider users have access to free videos and audio, while Canadian Insider Club Ultra members have access to premium videos from Real Vision and INK Research.1. Are software multiples set for a soft landing? - INK Research (free audio and Ultra member video)Bond yields rose on Monday despite poor US economic data. If bond yields have bot...Read More
European steelmakers have announced price rises for coil products across the region in the past week, and transaction prices have moved up in the south, sources told Fastmarkets on Wednesday December 4.Northern European buyers have not settled deals at higher prices yet, because they have been processing the new offer levels. But domestic prices in the region were expected to pick up soon, accordi...Read More
Demand for flat steel products in Turkey was strong in November because of purchases for re-stocking, market participants told Fastmarkets on Wednesday, December 4.Local producers have now filled their order books until late February, sources added, and have started to accept orders for early-March production.Local demand was weak in Turkey in October because of decreasing prices, but improved in...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday December 4 that are worth another look.French special steelmaker Ascoval, part of the British Steel group, is to supply 140,000 tonnes per year of semi-finished products, rectangular blooms, to rail manufacturing specialist BSFR (British Steel France Rail) to be processed into rails for the SNCF R?(C)seau national train networ...Read More
As 2019 draws to a close, Fastmarkets examines the underlying factors driving the spread between US hot-rolled coil and steel reinforcing bar prices throughout the year.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US averaged $33.12 per hundredweight at the midpoint in January-November, while the steel hot-rolled coil index, fob mill US averaged $29.77 per cwt, creatin...Read More
The price of steel rebar in the Southern Europe domestic market was unchanged this week with buyers and sellers disagreeing on the direction the market should take, sources told Fastmarkets on Wednesday November 4.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?465-480 ($515-532) per tonne on Wednesday, unchanged week-on-week.Simi...Read More
Brazilian iron ore exports totaled 27.25 million tonnes in November 2019, a 19.8% year-on-year decrease from 33.97 million tonnes, data from the country's ministry of economy showed on Monday December 2.Shipment volumes also fell by 18.3% in comparison with 33.35 million tonnes during October 2019, according to the ministry.Figures from October were revised upward after the foreign trade secretari...Read More
The Turkish steel producers have continued their purchases of deep-sea market scrap for January shipments, while prices became even more firm, sources said on Wednesday December 4.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 17,000 tonnes of HMS 1&2 (95:5) at $290 per tonne cfr.Another steel mill in the Marmara region booked a European cargo, comprising 20,000 to...Read More
Seaborne prices edged up slightly on Wednesday December 4 amid gains in the futures market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.06 per tonne, up $0.75 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $88.15 per tonne, up $0.75 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.63 per tonne, up $0.43 per tonne.58% Fe fines high-premium, cfr Qingdao: $76...Read More
The Iranian export billet market has been rather quiet in the first week of December amid reduced availability of material for shipment in January, Fastmarkets has heard.This was due to successful sales to Africa, the Middle East and Asia in previous weeks as well as increased domestic demand."Local buyers were worried about the fluctuation [in the value] of the Iranian rial after fuel subsidy iss...Read More
Dave Kranzler, Mining Stock Journal"The Fed first tried to justify the loans by saying they were a short-term measure to stem a liquidity crisis. But the so-called "liquidity crisis" has not prevented the stock market from setting new highs since the loan operations began on September 17. And the short-term operation has been running every business day since that time and is currently scheduled...Read More
By: Ira EpsteinGold had a big rally and getting up to key resistance spots. Lots of Tariff news:Read More
Relations between USA-China is moving from bad to worse. USA is interfering with Chinese sovereignty be it Hongkong or the South China Sea or Chinese dealing with Muslim minority. Gold and silver will remain firm as a result of this. Correction will be there if various US jobs numbers (release begins from today with November private ADP) beat street expectations. U.S. President Donald Trump warn...Read More
China's domestic rebar prices kept their downward trend on Wednesday December 4 as traders unloaded inventory. Eastern China (Shanghai): 3,970-4,000 yuan ($562-566) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,700-3,740 yuan per tonne, down 10-20 yuan per tonneRising spot market inventory caused by weaker demand and high output led trading houses to urgently destock...Read More
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
Poland just took back $5 billion of gold that was being held for it in London. Is that a sign of things to come? Signs of stress. Probably an important development. An unknown speculator bet $1.75 million on gold hitting $4k per ounce at a point in the future. The latest global debt number came out at over $250 trillion. Central banks are starting to act on the fear of an impending credit bust.Joh...Read More