The following Fastmarkets minor metals prices changed on Friday January 25:Minor metalsCadmium MB free market min 99.99%, cents/lb: 130-136 per lb from 126-135Chromium MB free market alumino-thermic, $/tonne: $9,450-9,950 per tonne from $9,600-9,950Cobalt MB free market alloy grade, $/lb: $19.00-21.00 per...Read More
Chinese cobalt metal imports fell dramatically in 2018, with the most significant drop in the second half of the year after the Europe-China price arbitrage negatively affected import appetite in the Asian country. Only 1,020 tonnes of cobalt metal were shipped to China in the whole of last year, down 63.3% from 2,785 tonnes in 2017, according to data obtained via Fastmarkets sources. Import volum...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 25.China The domestic ferro-chrome spot price stalled in quiet trading conditions. Chinese stainless steel mills showed little interest in buying extra cargoes after releasing their February ferro-chrome tender prices early in the week. The import charge chrome price ticked...Read More
The silico-manganese market surplus for November was significantly smaller than initial estimates, according to a series of amendments made by the International Manganese Institute. The market was in surplus by 111,000 tonnes, the IMnI said, revising its figures down from 211,000 tonnes. World supply in November was 1.48 million tonnes, revised from 1.6 million tonnes. Demand was 1.37 million tonn...Read More
All Fastmarkets non-ferrous European scrap prices were unchanged on Friday January 25.Read More
A large spread between bulk-shipment and containerized ferrous scrap shipments to Asia is helping spot prices to rise.Limited supply and healthy demand in the key markets of Vietnam, Taiwan and South Korea have added to the upward pressure on prices in import markets.Vietnam Import prices into the Southeast Asian nation rebounded this week on healthy end-user demand. Fastmarkets MB's import price...Read More
Key data from the Wednesday January 23 pricing session in Asia.Key driversWeak seasonal demand in Japan pressured export prices for aluminium ADC 12 alloy into main Japanese ports (MJP). The recent depreciation of the Japanese yen against the dollar dampened buying interest from Japanese participants. Japanese companies have begun destocking in anticipation of their fiscal year end in March....Read More
Pacific Bay Minerals (TSXV: PBM) has extended the Meteor Boot zone 20 metres southeast at its Haskins-Reed polymetallic project in northern B.C. with a recent seven hole, 448-metre drill program.The company tested targets near the Meteor zone, where 2011 drilling cut 17.5 metres grading 88.35 grams silver, 1.11% lead and 3.39% zinc.Highlights from the company's recent drill program include 5.2 met...Read More
Gold can help diversify your portfolio. However, it doesn't generate any income.I believe that Franco-Nevada (TSX:FNV)(NYSE:FNV) is a superior investment to gold. The company is primarily a gold royalty and streaming company with a large and diversified portfolio of assets. Further, it offers a yield of about 1.3%, and it has been increasing its dividend every year.Image source: Getty ImagesAs exp...Read More
Before 2011, Cameco (TSX:CCO)(NYSE:CCJ) had it made. The stock was sitting at $40 per share, looking to hit the $50 range, as it had only a few years before.Then the Fukushima nuclear reactor disaster happened. Investing in nuclear reactors after such a tragedy no longer seemed possible. But time heals all wounds, especially in the stock market.Fast forward to 2019, and things are looking up fo...Read More
There are quite a few stocks on the TSX index with high growth statistics; however, for stocks that pay no dividends, a capital gains investor would want to see a decent amount of momentum. Below are a few high-profile stocks that have had their data analyzed, from the five-year betas to future cash flow evaluations.CannTrust Holdings (TSX:TRST)While revenues were up, third-quarter profits for Can...Read More
The following three stocks have been chosen for the defensive nature of their respective industries: namely, banking, gold mining, and funerary services. These are, without a doubt, three industries that are likely to continue to do steady business during an economic downturn; each stock chosen is representative of its industry and boasts the kind of stats indicative of a solid TFSA or RRSP filler...Read More
Around 20,000 Nigerian girls and women are being held in Mali as sex slaves. That's according to the head of Nigeria's anti-trafficking agency. They are reportedly being held deep inside forests with little chance of escape.Read More
It is interesting to watch how the press spins the fact that Trump has agreed to fund the government for three weeks. Our computer strangely was picking the week of FebruaryContinue...Read More
Continue...Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund manager...Read More
"We did it purely for security reasons, because it's statistically proven that women are more likely to be victims of [sexually] violent crime than men,"Continue...Read More
Sec Pompeo announced today that Elliott Abrams will lead @StateDept efforts on Venezuela to help the Venezuelan people fully restore democracy and prosperity to their country. Continue...Read More
A BMO Capital Markets report recapped Q4/18 and 2018 gold and silver production figures and compared those to its own estimates. In a Jan. 23 research note, analyst Andrew Kaip reported Fresnillo Plc (FRES:LSE) was generally in line in terms of production for Q4/18, which resulted in the mining company meeting 2018 guidance for gold but missing guidance for silver "by a hair." For gold production...Read More
If you have been following some of the research posts by some of the biggest names in the precious metals industry, you may understand “why” so many people are so excited about the opportunities in Gold and Silver recently. There are so many facets to the fundamental and emotional functions of precious metals as an industrial commodity as well as a safe-haven investment to protec...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Greg Weldon of Weldon Financial joins us for a 2019 outlook. I’ll ask him if the thinks the recent stock market rally has legs – and also for his forecast for gold this year. And Greg has some very interesting news regarding the yellow metal which – to his surprise – hardly anyone knows about...Read More