U.S. Markets – August 4-10
The rate of new job losses declined during the Aug 4-10 reporting period as corporate earnings were up, and U. S. markets continued to improve.
News
Toronto Stock Exchange – August 4-10
BMO Capital Markets is forecasting that the nine-month-long Canadian slump will end in the current quarter. While the initial recovery will be choppy and Canadian exports “are unlikely to stop falling…
TSX Venture Exchange – August 4-10
Though the S&P/TSX Venture composite index gained during the Aug. 4-10 reporting period, it was only by 5.64 points. By and large, the gain was achieved off a blistering trading volume of 117 mill…
Iron Ore Contract Settlement Prices Down For BHP Billiton
BHP Billiton (BHP-N, BLT-L) has concluded iron ore price negotiations for the 2009 contract year with a number of its customers. Prices for iron ore fines are about 33% lower than contract prices agre…
Base Metal Prices On The Upswing
Bank of America Merrill Lynch has revised its base metal price forecasts for the year, saying prices have risen faster than it had expected.
USGS To Give $250,000 In Grants For Mineral Resource Research
The U. S. Geological Survey (USGS) has announced plans to award up to $250,000 in grants for mineral resource research in 2010 through its mineral resources external research program.
LME Warehouse Levels (August 17, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 11, 2009 (change from August 4 in brackets):
Spot Prices (August 17, 2009)
COURTESY OF SCOTIABANK
Vale, Union, Dig In Their Heels
The head of the United Steelworkers for Ontario and the Atlantic provinces says it could be four or five months before Vale (VALE-N) and the union representing striking workers in Sudbury and Port Col…
Producer And Dealer Prices (August 17, 2009)
Antimony: Mid-mkt US$4,950/t.
Chinese Miner Makes Hostile Bid For Canadian Royalties
China’s appetite for natural resources has turned aggressive with an unsolicited takeover bid for nickel development company Canadian Royalties (CZZ-T, CRYAF-O).
Daily Metal Prices (August 17, 2009)
Date Aug. 10 Aug. 7 Aug. 6 Aug. 5 Aug. 4 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1795/1870 1791/1825 1850/1880 1780/1810 1800/1790 …