Here are five Fastmarkets MB stories you might have missed on Wednesday June 5 that are worth another look.Nickel market analysts were resolutely bearish during a pricing panel at Fastmarkets' seventh International Nickel conference in Amsterdam on Wednesday June 5, forecasting that the London Metal Exchange three-month nickel price is unlikely to breach $13,000 per tonne this year. ArcelorMittal...Read More

The global alumina market has become more sentiment-driven over the past year and knee-jerk reactions have become more common, market sources told Fastmarkets.A significant part of this change was a consequence of the chaos that developed in the market after producer Norsk Hydro was compelled to declare force majeure at its Alunorte alumina refinery in Brazil in March 2018."If I look back, this is...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce it has expanded its 100% owned Larocque East property (the "Property"), home to the Hurricane uranium zone. The Hurricane zone is a new discovery of high-grade uranium mineralization located in the prolific eastern Athabasca Basin, Saskatchewan.Through staking on May 28th, 2019, the Company added a contiguous...Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce the completion of the integration of its Mesh API intelligent content distribution platform with Bed Bath & Beyond and Buy Buy Baby, further expanding its list of Venzee Certified retailers.Venzee's channel partners can now connect their clients directly to Bed Bath & Beyond through Ve...Read More

Producer Norsk Hydro's underlying earnings before interest and taxes (Ebit) was Nkr 559 million ($64.3 million) in the first quarter of 2019, down from Nkr 3.147 billion in the same quarter last year. The company said the decline of over 80% mainly reflected lower realized aluminium prices, higher raw material costs and the effects of the production curtailment at its Alunorte alumina refinery. Un...Read More

By: Avi GilburtFirst, I want to begin this article by thanking all those who read my articles for the amazing outpouring of support and prayers for my wife who is recovering from a freak accident. So, with her sleeping right now, I thought I would pen another article to at least keep myself somewhat busy.Over the years, I have published many price trend change expectations which have hit quite w...Read More

Every dog has its day, and Tuesday's vicious short squeeze was a pooch-lover's delight. DaBoyz even managed to goose Tesla for a 9% gain. Although that won't be nearly enough to reverse the death spiral in the automaker's shares, it will suffice to spook traders who have been shorting the stock with impunity for the last couple of months. Scandal-plagued Boeing was a relatively modest gainer amo...Read More

Trading volumes will be very less in Asia and even in Europe due to "Eid". There has been lots of news which gives a sense that precious metals are about to move away from the shackles of continued manipulation. I am hopeful that gold and silver will draw more and more short-term investors as well as medium term investors. 1. China has issued travel warning to its citizens travelling t...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Gold was trading close to US$1,326 an ounce earlier, its highest point since late February.Meanwhile, China has issued a travel advisory on the US and is closely studying proposals to establish rare earth export controls, Bloomberg reported.Late yesterday, the US Commerce Department outlined a strategy to secure supply of critical minerals, including improving the government's understanding of dom...Read More

Key data from the Wednesday June 5 pricing session in Europe.Key drivers- The European ferro-titanium price fell for the second consecutive week after six weeks of stability. - Demand for ferro-titanium was muted short term, although one source said it had picked up over the past week.- One...Read More

* GRAPHIC-2019 asset returns:* Nickel hits lowest in over four months (Releads, adds fresh comment, updates with closing prices)By Pratima DesaiLONDON, June 5 (Reuters) - Copper sunk to a five-month lowon Wednesday as a firmer dollar and anxiety about the fallout ongrowth and demand from the U.S.-China trade dispute outweigheddovish comments from the U.S. Federal Reserve chairman.Benchmark copper...Read More

Prices for rebar produced and delivered in Southern Europe widened upward by ?,?5 per tonne on Wednesday June 5 on limited trading, but weak demand continued, market participants told Fastmarkets.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe rose to ?,?495-515 ($557-579) per tonne delivered on Wednesday from ?,?495-510 per tonne delivered on May 29."The price has...Read More

Turkish mills continued their absence from the deep-sea scrap market on Wednesday June 5 while the country was on the week-long Eid al-Fitr public holiday, sources told Fastmarkets.The market will remain subdued for the remainder of the week while Turkey marks the end of the period of abstinence for the Islamic holy month of Ramadan.As a result of the lack of...Read More

Nervousness in markets has temporarily eased following dovish comments from US Federal Reserve chairman Jerome Powel that suggested the Fed may be prepared to cut interest rates to sustain growth. This has lifted equity prices on Wednesday June 6 and that has flowed through to some of the metals. World Bank lowers global growth forecast for 2019 to 2.6%, from its 2.9% call in January Dov...Read More

Ontario's government is working for the people by investing more than $3.1 million in 13 agricultural companies in the northeast, creating or retaining 39 jobs."By investing in agricultural projects that stimulate growth and innovation, we are reinforcing the north's competitive advantage and sending a signal to the world that Northern Ontario is open for business and open for jobs," said Greg Ric...Read More

Fastmarkets proposes changes to the specification of its cobalt hydroxide payable indicator. The proposal is to change the payment window to include trades agreed on the basis of the following month's average metal price (ie, M+1). This amendment will allow Fastmarkets to consider more spot liquidity within its assessment of cobalt hydroxide payables. Data collected since the launch of two referen...Read More

A modified version of an early 20th century theory of money has captured strong support from progressive economists and politicians, as well as gaining several enemies along the way.It's called Modern Monetary Theory (MMT).MMT means a lot of different things right now to a lot of different people. But at the core of MMT is a simple observation:Currencies are government monopolies.The U.S. dollar,...Read More

Domestic prices for cold-rolled coil (CRC) have moved up this week despite trading activity remaining slow, sources told Fastmarkets on Wednesday June 5.The reason behind the increase was a combination of upward sentiment in hot-rolled coil, which is used as the feedstock for CRC, and an expected reduction in flat steel output in Europe.Fastmarkets' weekly price assessment for domestic CRC in Nort...Read More

Domestic transaction prices for hot-rolled coil (HRC) in the EU have moved up over the past week and steelmakers were looking for further price rises, market sources told Fastmarkets on Wednesday June 5.Fastmarkets' weekly price assessment for domestic HRC in Northern Europe was ?,?485-495 ($546-557) per tonne ex-works on Wednesday, up by ?,?5 per tonne week-on-week.The assessment represented tran...Read More