The fourth-quarter 2020 earnings season is upon us. Several Canadian firms will release financial results for the last quarter of a difficult 2020 this week. However, it’s not the earnings results alone that will matter with the following three top TSX stocks. One of them will release two material operating updates this week.Here are three top TSX stocks to watch during this final week of Ja...Read More
The Bitcoin frenzy seems to be cooling. This unregulated volatile cryptocurrency that surged almost 200% between November 2020 and January 10 has dropped 20% in the last 10 days. To give you an idea in dollar terms, Bitcoin fell from $51,521 to $41,175. The celebrated value investor Warren Buffett has despised Bitcoin for not one, not two, but countless reasons. As this digital currency falls...Read More
Warren Buffett has historically been one of the biggest bears on Wall Street with respect to gold as an asset class. The Oracle of Omaha’s views on gold as an asset class don’t appear to have changed. The unproductive nature of gold (just a piece of metal that sits there) has never appealed to Buffett. However, it appears the gold mining business is one which has struck gold (had to do...Read More
Here are five Fastmarkets stories you might have missed on Monday January 25 that are worth another look.The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets' price assessment for lithium hydroxide monohydrate.Liberty Steel Group has completed...Read More
The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets' price assessment for lithium hydroxide monohydrate. The exchange will also add another aluminium cash-settled futures contract to its suite with the launch of a new European duty-paid aluminium premium contract settled against Fastmarkets' benchmark Rotterdam premium....Read More
The Chinese market price of nickel pig iron (NPI) rose in the week to Friday January 22 amid improved spot activity ahead of the Chinese New Year holiday (February 11-17), sources said.Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,110-1,140 yuan ($171-176) per nickel unit on Friday, up by 20-40 yuan per nickel unit or 2.7% from 1,090-1,100 y...Read More
Jack ChanPosted Jan 25, 2021Gold 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.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. COT data is not definitive at this point, as speculative long and short positions are too close to each other.Our ratio is o...Read More
Fastmarkets has corrected its manganese ore 44%, cif Tianjin, index, which was published incorrectly on Friday January 22 due to a calculation error.Fastmarkets' weekly index for MB-MNO-0001 - manganese ore, 44% Mn, cif Tianjin, $ per dmtu, should have been $5.02 per dmtu, but was published at $4.91 per dmtu on January 22. It was corrected on January 25.Fastmarkets' pricing database, MInD, has bee...Read More
The Chinese market price of nickel pig iron (NPI) rose in the week to Friday January 22 amid improved spot activity ahead of the Chinese New Year holiday (February 11-17), sources said.Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,110-1,140 yuan ($171-176) per nickel unit on Friday, up by 20-40 yuan per nickel unit or 2.7% from 1,090-1,100 y...Read More
Negotiations last week were unsuccessful, Reuters reported, saying Vale was given 10 days to make a better offer and the miner stating there was no consensus on the amount of compensation or how the money should be used."About Vale: we will not accept crumbs, let alone launch an auction to define the value," Simoes said in a translated tweet."Or we will have the biggest agreement in the country, g...Read More
Severe logistical hurdles continue to affect the main seaborne shipping routes out of China, with prohibitively high container freight costs persisting and recent land transport issues adding to the congestion and delays at ports.The continuing shortage of container and vessel space at Chinese main ports has not eased off so far in January, with market participants active in minerals and metals tr...Read More
PHOENIX - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") continues to expand in the Massachusetts market and is pleased to announce that it received approval from the Brookline, Massachusetts Planning Board to start the construction of a new Mission branded dispensary. The location will initially serve adult-use customers and is on track to open in Q2 2021.4Front's ne...Read More
Vancouver, BC - January 25, 2021 - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) announced it has recently received a third purchase order for USD $550,000 for Siyata's UV350 in-vehicle IoT (internet-of-things) device from a cellular carrier in the Gulf region to supply first responders. Siyata Mobile expects this order to be fully delivered during Q1 of this year.Marc Seelenfreund, CEO of Siyata M...Read More
Here are five Fastmarkets stories you might have missed on Monday January 25 that are worth another look.The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets' price assessment for lithium hydroxide monohydrate.Liberty Steel Group has completed...Read More
Delays to material shipments from China and tightening availability in Europe continued to push manganese flake prices to new highs in the week to Friday January 22.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam climbed 1.6% to $2,800-2,940 per tonne on Friday January 22, up from $2,750-2,900 per tonne mid-week when prices had moved up to that lev...Read More
Here are five Fastmarkets stories you might have missed on Monday January 25 that are worth another look.The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets' price assessment for lithium hydroxide monohydrate.Liberty Steel Group has completed...Read More
Chinese copper importers have continued to favor top quality copper scrap this month to avoid the rejection risk under a new import policy of birch/cliff cargoes, which are traditionally more popular in the country, market sources said."We prefer buying No 1 recyclable copper material because it does not encounter any problems for custom clearance," a Ningbo-based copper importer told Fastmarkets....Read More
The price range for secondary aluminium ingot across Europe declined by just over 2% at the midpoint on Friday January 22, the downturn coming after market participants reported a dip in purchasing appetite from Asian buyers ahead of China's Lunar New Year holiday next month.Fastmarkets' assessment of the aluminium pressure diecasting ingot DIN226/A380, delivered Europe, fell to ?,?1,940-2,000 ($2...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer on Monday January 25, after having dipped on Friday - optimism over US President Joe Biden's $1.9 trillion fiscal stimulus plan was outstripping the worrying news about the new Covid-19 cases in China. Asian-Pacific equities and major western pre-market equity index futures were stronger thi...Read More
Traxys will market the share of cobalt metal that Wheaton Precious Metals receives from its streaming agreement with Brazil-based miner Vale, Fastmarkets understands.The Traxys deal became effective this month. Canada-based Wheaton is entitled to receive finished cobalt equivalent to 42.4% of future production from Vale's Voisey's Bay mine in the eastern Canadian province of Labrador, under a stre...Read More