So it's finally going to happen...Tesla is now prepared to open a new manufacturing facility in China.The new factory will take a couple of years to build, and when completed, it will pump out a half-million cars per year.Make no mistake: This is a very big deal.With this agreement in place, Tesla will be the first foreign automaker to open a wholly owned manufacturing facility in China without a...Read More
The world's largest steelmaker ArcelorMittal has announced higher prices for its coil products in Northern Europe, market sources told Metal Bulletin on Thursday July 12.The target for hot-rolled coil is ?,?580 ($679) per tonne ex-works in Northern Europe.Metal Bulletin's weekly price assessment for domestic HRC in Northern Europe was ?,?555-565 per tonne ex-works on July 11, reflecting "work...Read More
Domestic steel prices in China are picking up strength after news of summer production cuts in the country's steelmaking hub of Tangshan broke.The price increases came after several mills confirmed that they had received official notices from the Chinese government. Prices rose steadily from the afternoon of Wednesday July 11 after a couple of days of uncertainty over whether the cuts would materi...Read More
July 12, 2018 (Investorideas.com Newswire) A Canaccord Genuity report provided an overview of this company.In a July 5 research note, analyst Des Kilalea reported that Canaccord Genuity initiated coverage on Lucara Diamond Corp. (LUC:TSX.V) with a Buy rating and a CA$2.45 per share price target plus a roughly 5% dividend yield. "Lucara stands out as one of the few midcap diamond miners which has d...Read More
July 12, 2018 (Investorideas.com Newswire) The preliminary economic assessment for this company's flagship project indicates "highly attractive economics."In an announcement published July 10, Liberty Gold Corp. (LGD:TSX) set forth details of its preliminary economic assessment (PEA) for the Goldstrike oxide gold property in Utah's Great Basin region. In its press release, the company stated, "The...Read More
China's ferrous futures, apart from the hot-rolled coil contract, ended morning trading higher on Thursday July 12 following a steady upward trend since the start of the session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,956 yuan ($584) per tonne, up 18 yuan per tonne October hot-rolled coil: 4,004 yuan per tonne, unchanged Dalian Commodity Exchange Septemb...Read More
Turkish domestic rebar and wire rod prices have gone down over the past week while the value of the country's lira weakens and scrap costs fall, sources said on Thursday July 12.Metal Bulletin's weekly price assessment for domestic rebar was $535-550 per tonne ex-works, down from last week's $550-560 per tonne.The domestic rebar price in the Istanbul region was $550-560 per tonne ex-works on Thurs...Read More
Turkish rebar and wire rod export prices have fallen over the past week because of sluggish demand and weakening prices for steel scrap and billet, sources said on Thursday July 12.Metal Bulletin's weekly price assessment for rebar exports out of Turkey was $540-545 per tonne fob on an actual weight basis, down from last week's $545-555 per tonne fob.Turkish steel producers have...Read More
Contrarian Investment Opportunities in Natural ResourcesMaurice Jackson of Proven and Probable has recently interviewed Sprott U.S. Holdings CEO Rick Rule, a well known specialist and "old hand" in the natural resource space. This is quite a wide-ranging and interesting interview, so we decided to present it to our readers. Below you find a summary and our comments on the main topics discussed, a...Read More
Imported steel billet prices decreased this week in Egypt with lower offers heard in the market, but domestic rebar prices remained unchanged, sources told Metal Bulletin on Thursday July 12.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on July 12 was unchanged at E ?12,525-12,528 ($698-699) per tonne ex-works.The country's major rebar producer, Ezz...Read More
The only sales heard in the pig iron export market from the Commonwealth of Independent States (CIS) recently were from the Baltic Sea region, while the Black Sea market was quiet during the week ended Thursday July 12.The low-manganese pig iron from the Baltic ports goes to foundries in Western Europe, which is the key destination for cargoes from this area. These foundries are less affected by u...Read More
Turkish steel producers continued to book scrap in the deep-sea markets for August deliveries on Thursday July 12, with prices still falling.A steel producer in the Iskenderun region booked a Canadian cargo, comprising 25,000 tonnes of HMS 1&2 (90:10) and 25,000 tonnes of shredded, at an average price of $350.50 per tonne cfr late on July 11.The same mill booked a European cargo...Read More
CloseGain/LossGold $1247.10+$4.90Silver$15.94+$0.14XAU81.11+0.16%HUI174.82+0.17%GDM616.94+0.43%JSE Gold1055.99-16.37USD94.78+0.04Euro116.73-0.02Yen88.89-0.38Oil$70.33-$0.0510-Year2.849%+0.009T-Bond145.34375-0.125Dow24924.89+0.91%Nasdaq7823.92+1.39%S&P2798.29+0.87% The Metals: Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close,...Read More
By Ira EpsteinMaybe a small bounce, but that might be it.https://iraepstein.com/ Read More
VANCOUVER, British Columbia, July 12, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (GAC.F) (GARWF) ("Golden Arrow" or the "Company") is pleased to announce that it has entered into a credit agreement (the "Credit Agreement") dated as of July 6, 2018 with SSR Mining Inc. (SSRM) (SSRM) ("SSR Mining") for a non-revolving term loan (the "Loan") in an aggregate principal amoun...Read More
By David MorganI have something that I think is of paramount importance, and it's a gentleman I met at the Red Pill Expo just a few weeks ago. Kent had something that he passed out on most of the desks around. I picked it up and when I got home, I read it. The title is called "The Decentralized Cryptocurrency Nightmare". That intrigued me because I was a pretty early adopter, and I did not jump...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
By Jordan Roy-Byrne CMT, MFTA It has been a tough spring and summer for precious metals. Gold failed to breakout when it had the chance and it closed the second quarter in ominous and weak fashion. It was the lowest monthly close in more than a year. Silver has performed better but only because it has not declined to the degree Gold has. The one technical positive for the sector is the positive...Read More
By BullionStarhttps://www.bullionstar.com/Arguably the best known and most coveted trophy in the history of sport, the World Cup Trophy has a mythical status among elite footballers and sports fans alike, and its iconic shape and form are synonymous with the World Cup football tournament that takes place every four years.For such a legendary trophy, it goes without saying that it could not have...Read More