Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Copper's Demand - It is In Everything We Use and Difficult to SubstituteAnything with an on/off switch uses copper. Our homes, infrastructure and electronics allrequire copper as a critical input. Its traditional uses are now amplified with new forms ofelectrification which include not only electric vehicles, but the infrastructure needed for solar and wind power generation and storage. Copper is...Read More
The three-month lead price on the London Metal Exchange was lower at the close of trading on Monday November 18, with the price settling below the $2,000 per tonne support level for the first time since September, while continued inflows pushed aluminium futures lower.Lead's outright price closed at $1,953.50 per tonne in the afternoon, its lowest close since August 2, while turnover was at its hi...Read More
More than 200,000 tonnes of aluminium have been delivered into London Metal Exchange warehouses in Asia over the past week, pushing LME on-warrant stock levels back above 1 million tonnes.Despite the large deliveries inward, including 92,875 tonnes on Monday November 18, the backwardation in the LME's December-to-January spread remained.Total on-warrant LME aluminium stocks were now 1,009,700 tonn...Read More
Fastmarkets will host a free web seminar on Monday November 25 at 9:30am London time, to introduce the new Fastmarkets-settled London Metal Exchange cash-settled main Japanese ports (MJP) aluminium premium contract.The webinar will cover how Fastmarkets assesses its spot MJP aluminium premium, an insight into current market dynamics and how you can manage your risk with the new LME cash-settled co...Read More
Jack ChanPosted Nov 18, 2019Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.Speculation remains high despite the recent pullback.Speculation dropped sharply the past few wee...Read More
Aside from two non-executive directors who put in a combined $230,000, investors participating in the raising pricing new shares at 26c weren't disclosed, with Hartleys, Euroz and Blackwood Capitals the market firms involved.Tietto has been strongly backed because of hits of good-grading shallow ounces in a West African country generally considered to be a stable, investment-supportive jurisdictio...Read More
The Russian nickel major said output would grow by 15-30% to 250,000-280,000 tonnes.Read More
The price of seaborne low-grade manganese ore managed to tick upward in the latest assessment period, which ended on Friday November 15, amid a revival in buying appetites.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, rose by 3 cents week on week to $3.28 per dry metric tonne unit (dmtu) on November 15, the first rise recorded since late August, when the price was $5.04 per dmtu.Fastmarke...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") will release financial and operational results for the third quarter of 2019 after market close on Wednesday November 20, and host a conference call with investors on Thursday November 21, 2019 at 11:00 AM EST (8:00 AM PST).Details of the conference call:Date: Thursday November 21, 2019Time: 11:00 AM EST (8:00 AM...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce a purchase order for $950,000 has been received from a US distributor servicing cellular carriers, first responders and commercial fleets.Marc Seelenfreund, CEO of Siyata Mobile, commented, "This purchase order from a top US distributor demonstrates the growing acceptance of th...Read More
Key data from the pricing sessions in London and Shanghai in the week to Friday November 15.ChinaKey drivers China's ammonium paratungstate (APT) export market softened in line with weakness in the domestic market and a depreciation of yuan. Thin inquiries in response to muted demand abroad has caused China exporters to cut their offer prices to attract business. China's domestic tungsten concentr...Read More
StrengthsThe best performing metal this week was silver, up 1.02 percent on little news. Gold traders and analysts were mostly bullish on their outlooks for gold next week despite lower prices. Fifty-three percent of respondents were bullish in the weekly Bloomberg survey. Serbia bought nine tonnes of gold in October and the metal now accounts for 10 percent of the nation's foreign reserves. Ser...Read More
"We will not have any more crashes in our time." John Maynard Keynes (1927), British Economist; 1883-1946 "There may be a recession in stock prices, but not anything in the nature of a crash." Irving Fisher, Sep 5, 1929, U.S. economist, statistician, inventor, progressive social campaigner; 1867-1947 "It doesn't matter whether it comes in one year or four. If you don't start preparing now,...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 15.ChinaThe domestic spot alloy price in China remained steady with producers continuing to report limited supply of 75% grade material but that demand also remains weak. The export alloy price was similarly unchanged after major Chinese suppliers refused...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday November 15. China Key drivers The antimony, MMTA standard grade II, ddp China price fell for the second consecutive week after some of the country's suppliers slashed offer prices further to secure business amid scant inquiries from consumers. Chinese antimony consumers either procured on a hand-to-mouth...Read More
The price of seaborne low-grade manganese ore managed to tick upward in the latest assessment period, which ended on Friday November 15, amid a revival in buying appetites.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, rose by 3 cents week on week to $3.28 per dry metric tonne unit (dmtu) on November 15, the first rise recorded since late August, when the price was $5.04 per dmtu.Fastmarke...Read More
Turkish scrap import prices have increased once again on news of a European cargo being sold at the beginning of the week, although mills were still worried about soft demand for finished long steel products, sources said on Monday November 18.A steel mill in the Iskenderun region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 7,500 tonnes of a mixture of HMS 1 and plate and...Read More
Domestic auto bundle scrap prices in Turkey have increased in line with rising imported scrap values, with local ship scrap prices expected to follow soon, sources said on Monday November 18.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 1,455-1,640 Turkish lira ($253-286) per tonne on Monday, up from 1,455-1,560 lira per tonne last week.Th...Read More
Now under the leadership of Tom Wendt Jr, the family owned and operated Wendt Corp has served the scrap metal recycling industry for over 40 years. Bette Kovach asks him about the growth of the business founded by his father, now chairman, in 1977 and company strategy to supply ever more demanding markets.Wendt CorpWhile still in high school, Tom Wendt accompanied his father, Thomas Wendt Sr, to a...Read More
For over a century, there's been one sector that has completely dominated the energy market: electricity.And it looks set to dominate for another hundred years.The global energy system is under transition. Finite and polluting energy resources are being replaced with new sources and solutions.But the demand for the electricity those new sources produce is ever-growing.According to a new report by...Read More