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2 Canadian Stocks Near 52-Week Lows

August 25, 2021 / www.fool.ca

For investors seeking value in an “expensive” stock market, it may well be worth looking for the Canadian stocks that are hovering near their 52-week lows. It is important to remember, however, that underperforming stocks that have sagged are not necessarily undervalued. In fact, many such names on the 52-week low list may actually be cheap for very good reasons. The companies that are...Read More

IN CASE YOU MISSED IT: 5 key stories from August 25

August 26, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday August 25 that are worth another look.The global markets for containerized freight have entered even deeper water in recent weeks, with closures at the key port of Ningbo-Zhoushan in China leading to worsening cargo delays, port congestion and a further...Read More

GLOBAL ZINC & LEAD WRAP: Premiums hit multi-year highs in US, Europe

August 26, 2021 / www.metalbulletin.com

Spot refined zinc ingot premiums have firmed to multi-year highs in the United States and Europe, with smelter hitches and increasingly expensive transportation stretching supply chains further during the summer season in the northern hemisphere.US spot zinc premium rises to a more than four-year high Rotterdam, Antwerp zinc premiums at highest since early 2018China market eyes narrowing negative...Read More

BASE METALS WARRANTS 25/08

August 26, 2021 / www.metalbulletin.com

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 25.Please click...Read More

Codelco starts $1.38 bln Salvador mine expansion project Rajo Inca

August 26, 2021 / www.metalbulletin.com

Chilean copper producer Codelco has initiated construction work on Rajo Inca, a $1.38-billion addition to its Salvador mine, which should begin operations in 2022, the state-owned company said on Tuesday August 24.Rajo Inca increases the mine life at Salvador by 47 years, to 2070, with copper capacity to reach 90,000 tonnes per year, from 60,000 tpy currently. Mineral exploration will move from an...Read More

China's UG2 and FeCr markets on hold; European high-carbon FeCr prices widen downward

August 26, 2021 / www.metalbulletin.com

The UG2 chrome ore and ferro-chrome markets in China were on hold in the week to Tuesday August 24, with participants waiting for major stainless steel mills to release their September tender prices.Fastmarkets' calculation of the chrome ore, South Africa UG2 concentrates index, basis 42%, cif China was $182 per tonne on Tuesday, unchanged from one week earlier. The market was quiet with many buy...Read More

Tsingshan lowers September FeCr tender by $123/t from August's 13-year high

August 26, 2021 / www.metalbulletin.com

Tsingshan Group has lowered its tender price for September-delivery ferro-chrome to 9,995 yuan ($1,543) per tonne, the Chinese stainless steelmaker said on Wednesday August 25.The tender price is 800 yuan per tonne (7.41%) lower than what the eastern Chinese mill - the country's largest ferro-chrome buyer - had sought for August-delivery material.While lower than the previous month's 13-year high,...Read More

CONSUMER ELECTRONICS RAW MATERIALS 25/08: Lithium carbonate China price surges; availability pressure intensifies

August 26, 2021 / www.metalbulletin.com

An overview of the consumer electronics markets and their latest price moves in the week to Wednesday August 25.Fola Malomo, Cristina Belda and...Read More

Iluka reports strong first half result

August 25, 2021 / www.mining-journal.com

Minerals sands EBITDA jumped 69% to A$299 million, while margin improved to 41% from 39%. Operating cashflow was $306 million, with free cashflow of $179 million.Read More

IN CASE YOU MISSED IT: 5 key stories from August 25

August 26, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday August 25 that are worth another look.The global markets for containerized freight have entered even deeper water in recent weeks, with closures at the key port of Ningbo-Zhoushan in China leading to worsening cargo delays, port congestion and a further...Read More

DAILY STEEL SCRAP: Turkish mills resume deep-sea bookings

August 26, 2021 / www.metalbulletin.com

The Turkish steel producers resumed their deep-sea scrap purchases with a European cargo deal, market participants told Fastmarkets on Wednesday August 25.A steel mill in the Iskenderun region booked the Belgian cargo comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of bonus at an average price of $450 per tonne cfr. The transaction is for prompt shipment.The HMS 1&2 (80:20) price of...Read More

MORNING VIEW: LME base metals - another rebound after another shake-out

August 26, 2021 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Wednesday August 25, although they had previously rebounded from last week's weakness.Shanghai Futures Exchange base metals prices were mainly stronger on Wednesday in response to the previous day's gains on the LME.Broader markets focused on Friday's United States Federal Reserve Jackson Hole symposiumSpread of t...Read More

China's Hainan Mining to invest $164 mln in 20,000-tpy lithium hydroxide plant

August 26, 2021 / www.metalbulletin.com

Shanghai-listed Hainan Mining says it will invest no more than 1.065 billion yuan ($164 million) for the construction of a 20,000-tonnes-per-year battery-grade lithium hydroxide plant in Dongfang Lingang Industrial Park in China's Hainan province.The construction of the plant is expected to take 18 months and the battery-grade lithium hydroxide it produces will supply downstream battery companies,...Read More

Endurance Gold drilling Reliance property, British Columbia

August 25, 2021 / www.canadianinvestor.com

Share this article VANCOUVER - Diamond drilling is expected to start today at the Endurance Gold Corp. [EDG-TSXV; ENDGF-OTC] Reliance gold property in Southern British Columbia. The property is located 4 km east of the village of Gold Bridge with year-round road access and 10 km north of the historic Bralorne-Pioneer gold mining camp, which has produced over 4 million ounces of gold.The fully fin...Read More

IN CASE YOU MISSED IT: 5 key stories from August 25

August 26, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday August 25 that are worth another look.The global markets for containerized freight have entered even deeper water in recent weeks, with closures at the key port of Ningbo-Zhoushan in China leading to worsening cargo delays, port congestion and a further...Read More

Bezos Is Obsessed With THIS Tech

August 25, 2021 / www.energyandcapital.com

Five years ago, a video surfaced in the U.K. that turned investors' heads. It was a drone flying around 400 feet in the air, carrying a small package on board. Although this footage was released on December 14, 2016, the secret flight took place a week prior. As usual, the investment herd ate it up.The drone flew swiftly in the air above Cambridge and was the first test for Jeff Bezos' new Amaz...Read More

EUROPE HRC: Trend uncertain on lower material costs, competitive imports, unsure demand

August 26, 2021 / www.metalbulletin.com

Sentiment was mixed in the European hot-rolled coil market on Wednesday August 25, with activity starting to recover slowly after holidays, sources told Fastmarkets.Buyers who have returned to the market after the traditional holiday period in August were taking their time before making deals, believing that prices would decline. Mills, in the meantime, felt no pressure to make deals at discounts...Read More

CIS FLAT STEEL: Market down on weak iron ore prices, soft demand

August 26, 2021 / www.metalbulletin.com

The export market for flat-rolled steel products from the Commonwealth of Independent States went down over the week to Wednesday August 25 on weak iron ore pricing and soft demand.Fastmarkets' weekly assessment of the price for steel hot-rolled coil, export, fob Black Sea, CIS, was $890-895 per tonne on Wednesday, down from $915-925 per tonne a week earlier.A sale of Ukraine-origin HRC was made t...Read More

IN CASE YOU MISSED IT: 5 key stories from August 25

August 26, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday August 25 that are worth another look.The global markets for containerized freight have entered even deeper water in recent weeks, with closures at the key port of Ningbo-Zhoushan in China leading to worsening cargo delays, port congestion and a further...Read More

EUROPE SECTIONS: Market remains quiet, summer slowdown nears end

August 26, 2021 / www.metalbulletin.com

Prices for steel hollow sections in Europe remained flat on Wednesday August 25 due to the quiet summer market, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,644-1,679) per tonne on Wednesday, unchanged week on week.Trading remains low during the summer holidays - participants have not yet returne...Read More

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