Steel billet prices showed a slight increase in most regions in the week ended Friday March 15, with scrap costs remaining high, but demand in many buying outlets was weak.The exception was Southeast Asia, where trading activity was strong, despite increased costs.Scrap prices remained at high levels, with Fastmarkets' daily index for Northern European HMS 1&2 (80:20) scrap material at $318.37 per...Read More
Steel billet prices showed a slight increase in most regions in the week ended Friday March 15, with scrap costs remaining high, but demand in many buying outlets was weak.The exception was Southeast Asia, where trading activity was strong, despite increased costs.Scrap prices remained at high levels, with Fastmarkets' daily index for Northern European HMS 1&2 (80:20) scrap material at $318.37 per...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 15 that are worth another look.Import tariffs on steel products in the United States created under Section 232 are likely to remain in place at least until the end of 2019, the chief executive officer of Gerdau, Gustavo Werneck, said during an event at the New York Stock Exchange on Wednesday March 13. The Singapore Ex...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 15 that are worth another look.Import tariffs on steel products in the United States created under Section 232 are likely to remain in place at least until the end of 2019, the chief executive officer of Gerdau, Gustavo Werneck, said during an event at the New York Stock Exchange on Wednesday March 13. The Singapore Ex...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more importan...Read More
When looking to invest in gold, most investors consider only the major gold miners, but one of the best means of accessing outsized returns is by investing in junior gold miners that own high-quality development-stage projects. One that stands out for all the right reasons, despite experiencing some serious setbacks during 2018, is Continental Gold (TSX:CNL). The second half of 2018 was filled wi...Read More
Investors seeking the opportunity to obtain outsized returns on their capital should look no further than development-stage gold miner Lundin Gold (TSX:LUG), which has gained 9% for the year to date.Quality mining project under developmentLundin Gold, which is part of the world-renowned Lundin Group of companies, stewarded by the Lundin family, is developing the Fruta del Norte gold deposit in...Read More
Up 12.03% in the last five days at the time of writing, HEXO (TSX:HEXO) has the power to reward with some serious upside. Though it nosedived at the start of October, it's been climbing since the end of December and looks like a favourite for the king of the weed stocks. Add in hefty overvaluation against its future cash flow value and a beta of 3.01 relative to Canadian pharma and you have some d...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more importan...Read More
South Africa's labour court ordered the Ghana-focused developer to pay former exploration director Hendrik Schloemann $140,000 plus interest and legal costs in December. GoldStone told shareholders it would consider an appeal after the ruling, but withdrew its application for leave to appeal on February 5 in secret. In the case, Schloemann successfully argued he had not resigned, as the...Read More
DRA Global, the Perth-headquartered parent company of the Johannesburg-based DRA Engineering business, is close to wrapping up its important strategic purchase of fellow South African company SENET,Read More
Paul Pint, Executive Chairman of Aguia Resources. Source: Aguia Resources Ltd.Aguia Resources Ltd. [AGRL-TSXV; AGR-ASX] shares were active Monday March 18 after the company released a maiden resource estimate for its Andrade copper project in Brazil.The company said total inferred mineral resources are estimated at 10.8 million tonnes with an average grade of 0.56% copper and 2.56 grams/tonne silv...Read More
The exploration crew working at Northern Dynasty's Pebble Project in southern Alaska. Source: Northern Dynasty Minerals Ltd.Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE] said Monday March 18 that it has raised US$11.5 million from a share offering that was completed on a bought deal basis.The offering consisted of 17.9 million common shares priced at 64 cents a share and was completed under a...Read More
Carolina Sanchez, Secretary of Mining Policy, Ministry of Production and Labor. Photo courtesy Argentina government Mining Policy Secretariat ?s Press office.During the recent PDAC Convention in Toronto, Carolina Sanchez, Secretary of Mining Policy,Ministry of Production and Labor, Argentina, spoke to Resource World about her country's efforts to grow their mining industry.RESOURCE WORLD: Vanadium...Read More
This is the biggest crisis facing mankind today...You and I grew up with running water. And it's something we take for granted.But the fact is that around the world today, one in nine people - more than 844 million, according to Water.org - lack access to safe, clean drinking water.Meanwhile, one in three lack access to a modern toilet.Take a minute to appreciate the scale of this crisis here...We...Read More
StrengthsThe best performing metal this week was palladium, up 2.42 percent, despite speculators cutting their bullish view to a four-month low. Gold traders were bullish this week, after two weeks of being neutral on the outlook for the yellow metal, on the expectation that central bank policies will help spur demand, according to the weekly Bloomberg survey. Gold climbed back above the $1,300...Read More
By: Dave KranzlerI sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The...Read More
By: Avi GilburtMany investors maintain beliefs about the stock market which often have them looking the wrong way at the market turns. In fact, I can no longer count how many comments I see about how the Fed is what directs our stock market action, and it just makes me scratch my head.The main argument by Fed watchers is that the Fed's easy money drives the stock market. Yet, the Fed's balance s...Read More
The broad averages have rallied from their Christmas lows almost as steeply as they got there in the fourth quarter. The first 2,000 points of the Dow's trampoline bounce took just seven trading days. At the time, we wrote that the trend would continue until even hardcore skeptics were convinced that new all-time highs were likely. That is what bear rallies are supposed to do. Well, another 1100...Read More
Probably not much. It's in their interest to just sit back and wait while the rest of the world opens up the money spigot. They'll probably wind up doing that too, but right now they can just keep the machine idling until the direction becomes clearer. We also had a discussion about Basel III. It could be that once again gold reserves will be considered money. Is that too much to hope for and woul...Read More