It’s not easy to navigate in the TSX today. The index is at its all-time high with pockets of the market being threatened.Commodity stocks took a hit yesterday. Among energy and gold stocks, there are two large-cap stocks in particular that are trading at greater bargains than their peers.If you’re interested in adding exposure to these areas, you can start your research with Suncor En...Read More
Coinbase (NASDAQ: COIN) will go down in history as the fastest bankruptcy on Wall Street.OK, maybe it won't be that dramatic.Afterall, Coinbase is the largest U.S. cryptocurrency exchange and the only publicly traded crypto company on the market, serving more than 8,000 institutional clients.Seems like an obvious long trade, right?Well, consider this: The company's been plagued with lawsuits, shad...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Copper concentrate treatment and refining charges (TC/RCs) rose during the week to Friday June 18, with smelters buying cargoes at higher levels and traders also assessing material from miners at TCs in the $30s.Chinese smelters bought several cargoes in the high $30s per tonne/3 cents per lb this week, picking up units for the third quarter....Read More
All base metals prices on the London Metal Exchange were lower on Friday June 18 than at the start of the week, by an average of 5.6%, brought down by a mixture of macroeconomic factors that have stifled the complex's recent bullish run.The decline across the complex to Friday was led by copper's fall on the LME, down by 8.3% on Friday to $9,135 per tonne from Monday's closing price of $9,971.50 p...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Trading under the ticker HCHDF, Hochschild chief executive Ignacio Bustamante hailed the new listing as "a valuable opportunity and [we] believe it will provide a cost-effective way to access U.S.Read More
Adam HamiltonArchivesJun 18, 2021Gold was crushed this week following the latest Federal Open Market Committee decision. While the Fed didn't taper quantitative easing or hike interest rates, Fed officials' predictions of future rates proved more hawkish than expected. That ignited a powerful US-dollar rally, scaring speculators into violently fleeing gold futures. But that painful selling purge l...Read More
In the clearest indication yet that the project will get the go-ahead, BHP today held a potash briefing for analysts and investors hosted by the company's chief economist Dr Huw McKay and managerRead More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe.China The impact of Inner Mongolia's move to raise electricity rates has continued to provide support for the current high prices, with suppliers offers broadly unchanged. Relatively tight availability due to a lack of stocks along with production cuts resulting from Ningxia's mission to conserve energy, reduce...Read More
Copper concentrate treatment and refining charges (TC/RCs) rose during the week to Friday June 18, with smelters buying cargoes at higher levels and traders also assessing material from miners at TCs in the $30s.Chinese smelters bought several cargoes in the high $30s per tonne/3 cents per lb this week, picking up units for the third quarter....Read More
Key data from Fastmarkets' pricing sessions in China, the United States, India and Europe.India The Indian silico-manganese export price extended its current rally for a sixth week in a row, hitting its highest level since Fastmarkets started assessing the market at the start of June 2014.The market has rallied on renewed demand from Japan over the past few weeks, which happened earlier...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
An overview of the aerospace materials markets and the latest price moves.Cristina Belda in London; Jessica...Read More
Global scrap prices in the key markets diverged in the week to Friday June 18, with those in Asia moving upward, while Turkish scrap prices fell amid slow buying driven by uncertainty over finished steel sales.Turkish buyers had to pay a premium for US-origin shredded scrapUS export market reported new sales to TurkeySolid demand in Vietnam resulted in higher pricesChina reported stability in impo...Read More
Prices for shredded steel scrap imported into India and Pakistan have risen on active purchasing that tailed off toward the end of the week, sources told Fastmarkets on Friday June 18.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $533.93 per tonne on June 18, up from $516.47 per tonne on June 11.Offers heard this week were in the range of $520-540 per tonne cfr, whi...Read More
A shortage of shredded scrap is squeezing major supplier markets and pushing up the prices of key grades in the world's export markets, sources told Fastmarkets this week.Lower inflows to scrapyards and stronger demand for key grades in the major supplier nations have made it much harder for overseas consumers to secure shredded scrap over the past month.The lack of available shredded scrap, combi...Read More
Rebounds were under way in the base metals complex in London this morning, Friday June 18, while in Shanghai the base metals mostly reflected the weakness seen on the London Metal Exchange on Thursday.The more hawkish stance from the United States Federal Reserve on Wednesday lifted the dollar but has weighed on sentiment......as has China's decision to release state reserves of copper, aluminium...Read More
I bet you didn't know that 0.53% of all the power plants in the United States supply over 20% of all the electricity in the U.S.Can you guess which source of energy is pulling over 100 times its weight compared to the others?Most people assume their electricity comes from a clean and efficient natural gas-burning plant or one of the new renewable energy sources, such as solar panels and wind turbi...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More