Platinex Inc. is pleased to provide an update on its explorationRead full newsRead More
Gold, which should be appreciating amid rising inflation jitters, has been on the retreat of late, plunging nearly 15% from its summer 2020 peak.Gold miners like Barrick Gold, a TSX-traded stock that Warren Buffett recently disposed of from Berkshire Hathaway’s portfolio, have suffered from amplified downside, with shares that are now down over 35% from their high.There’s no question t...Read More
American business tycoon Warren Buffett is a value investor with a long-term view and loves cash flows. While the equities in his empire’s stock portfolio may not produce capital gains in a year, they will realize substantial windfall from dividends. Dividends play an essential role in the GOAT of investing’s financial success.Berkshire Hathaway has 49 stocks in its investment portfoli...Read More
Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), earlier this week, filed its form 13F with the Securities and Exchange Commission. In its latest filing, Warren Buffett’s investment firm revealed that it sold all its stakes in Barrick Gold (TSX:ABX)(NYSE:GOLD) in the quarter ended December 2020. At the end of the previous quarter, Berkshire Hathaway held around 12 million shares of this Canadian...Read More
I hate the word "green." It is a marketing tool nine times out of 10.It's been reduced to a keyword. It's a diluted panacea of PR jargon that tests well in ad campaigns, akin to "sustainable" and "natural" and "renewable."The problem is we just can't shake it for something more specific. I'm afraid "green hydrogen" will be a casualty of this dilution of meaning. This would be a travesty.It is a pr...Read More
Feb 19, 2021 Guest(s): Peter Hug Global Trading Director, Kitco Metals Rising yields and a stronger dollar from earlier this week have put pressure on gold, but the long-term macroeconomic fundamentals have not changed for the metal's bullish outlook, said Peter Hug, global trading director, who added that we are still in the early innings of a bull cycle."I think gold has been mirroring the dol...Read More
Continued tightness in aluminium supply and improved demand have sparked another sharp increase in aluminium premiums in Europe, for both primary metal and value-added products.The benchmark aluminium P1020A premium, in-whs dup Rotterdam increased to $120-128 per tonne on Friday February 19, up by 3.77% from $117-122 per tonne the previous day and the highest level since reaching $120-13...Read More
The LME copper price was close to $9,000 per tonne for the first time since September 2011 on Friday February 19, on a day when bullishness took hold of the base metals complex, with tin's price also rising significantly - by nearly $1,300. The red metal's three-month price rallied to $8,995 per tonne during trading, before pulling pack slightly to $8,900 per tonne at the 5pm close. The rise...Read More
An overview of the new energy materials markets and their latest price moves. Susan Zou and Sybil Pan...Read More
An overview of the new energy materials markets and their latest price moves. Susan Zou and Sybil Pan...Read More
Key data from Fastmarkets' pricing sessions in Europe and the United States for the week ending Friday February 19.Europe The market edged slightly upward, with around four truckloads purchased at ?,?1,310 ($1,581) per tonne and some sources reporting that cheaper material was no longer available....Read More
Adam HamiltonArchivesFeb 19, 2021 The gold miners' stocks have had a tough week, sinking to marginal new correction lows. So far this is a technical retest, driven by a parallel one in gold. While uncommon and unpredictable, these retests are very challenging psychologically. The resulting drawdowns in gold-stock positions shake out the weak hands, spawning widespread capitulation. But holding on...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 19.China Low-grade seaborne manganese ore prices inched higher on a cif basis amid improved supplier sentiment due to rising logistics costs and the stronger South African rand, which reduces miners' netback in local currency.A steep rise in freight rates widened the gap between...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (the "Company" or "FinCanna")is pleased to announce its intention to raise $1,500,000, by way of a non-brokered private placement of 12,000,000 units (the "Units") at a price of C$0.125 per Unit (the "Private Placement"). Each Unit will consist of one common share of FinCanna and one-half of one common share purchase warrant. Each full warrant wil...Read More
Copper traders are starting to place bets that the metal will hit $12,000 per tonne by December but market makers say bullishly positioned options are dragging the metal's price higher sooner than that. Targeting March expiry, traders have placed 1,970 lots of call options at $9,000 per tonne on the London Metal Exchange, giving the holder the right to buy the metal if that level is hit; a further...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the new energy materials markets and their latest price moves. Susan Zou and Sybil Pan...Read More
Ferrous scrap prices in the key global markets have gone up in the week to Friday February 19 with stronger steel demand following the return of market participants from China's Lunar New Year holiday.Turkish steel mills resumed their deep-sea scrap purchases at higher pricesUS ferrous scrap exporters seek higher pricesPost-holiday rebound in steel trade drives up scrap import prices in VietnamUpt...Read More
The cost of austenitic alloy steel scrap in the UK and Europe increased again over the past week on higher nickel costs, sources told Fastmarkets on Friday February 19.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?1,150-1,200 ($1,601-1,670) per tonne on Friday, an increase of ?20 per tonne week on...Read More
Prices for shredded steel scrap imported into India and Pakistan continued to move upward in the week to Friday February 19 on tight supply and challenging shipping conditions, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $430.86 per tonne on Friday, up from $415.11 per tonne one week earlier.Two deals were heard this wee...Read More