Base Metals

Base Metals
Metals
Specialty Metals

Metal Plants Feeding Europe’s Factories Face an Existential Crisis

(Bloomberg) — In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online. Yet Norsk Hydro ASA is preparing this month to do exactly that at […]

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Base Metals
Nickel and Cobalt-Based Alloys

Tycoon Whose Bet Broke the Nickel Market Walks Away a Billionaire

(Bloomberg) — By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong. Futures had just skyrocketed above $100,000 a ton and his trade was more than $10 billion underwater. It was threatening not only to bankrupt Xiang’s company, but […]

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Base Metals
Copper

Copper Crash Deepens as Recession Fears Dominate Metals Trading

(Bloomberg) — Copper plunged below $7,500 a ton as fears of a global economic slowdown piled pressure on industrial metals and deepened their retreat from record highs just months ago. Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a US slowdown and renewed virus flare-ups in China. After […]

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Base Metals
Copper
Economic Recession
Metals

Copper Sinks Below $8,000 in Bleak Signal for Global Economy

(Bloomberg) — Copper prices tumbled to a 17-month low, extending last quarter’s slump, as deepening fears about a global economic slowdown drive a rout in industrial commodities. The red metal, widely considered a barometer of the world economy, fell as much as 3.7% to $7,955 a metric ton in London. Prices collapsed 20% in the […]

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Base Metals
China

Iron Ore Sinks and Steel Mills Go Dark on Deepening China Gloom

(Bloomberg) — Iron ore plunged more than 7% in Singapore — giving up all its gains this year — as steel mills idled blast furnaces amid growing pessimism over the demand outlook in China. The steel-making ingredient has now lost around a fifth of its value in a run of declines that’s extended to an […]

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Base Metals
Metals
Mining
Trade Of The Day
TradersPro Saturday

Top Mining Stock To Buy Now

Alpha Metallurgical Resources, Inc., a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight coal preparation and load-out facilities. AMR $159.7800 6.7700 % 4.4200 Alpha Metallurgical Resources Inc Sector : Basic Materials Industry : Mining – Misc […]

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Base Metals
Metals
Mining
Rare Earth Mining

One by One, Mega Miners Show Why Metals Supply Is Squeezed

(Bloomberg) — Glencore Plc is the latest giant miner to pare back production forecasts, in what’s turning out to be a difficult start to the year for companies digging up some of the world’s most important raw materials. The trend across the industry is clear — the biggest companies aren’t producing as much as they […]

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Base Metals
Inflation
Inflation Stocks
Metals
Precious Metals
TradersPro Saturday

#1 Inflation Stock To Consider Now

This company together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through three segments: Bauxite, Alumina, and Aluminum. AA $82.4400 1.7100 % 2.1200 Alcoa Corp Sector : Industrial Products Industry : Metal Products – Distribution Signal Short […]

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Base Metals
Metals
Precious Metals

Nickel Plunges as Traders Fume Over Latest London Metals Mayhem

(Bloomberg) — Nickel fell by the maximum allowed for a second day as the market seeks to reset from last week’s historic short squeeze, while brokers were left stunned as yet another glitch delayed the start of trading in London. Nickel futures on the London Metal Exchange plunged by the 8% daily limit on Thursday […]

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Base Metals
Metals
Precious Metals
Specialty Metals

Nickel Tycoon Tells Banks He Wants to Keep Shorting

(Bloomberg) — The tycoon whose big short bet on nickel helped trigger one of the most dramatic price spikes in history has told his banks and brokers that he doesn’t intend to reduce his position, according to people familiar with the matter. The move is a characteristic display of self-confidence from Xiang Guangda, the owner […]

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Base Metals
Metals
Precious Metals
Specialty Metals

Nickel Miner With Tsingshan Ties Sinks 23% Before Trading Paused

(Bloomberg) — An Australian nickel miner with ties to Tsingshan Holding Group Co., the world’s top producer of the material, resumed trading after an earlier plunge triggered a pause within an hour of morning trading in Sydney. Nickel Mines Ltd. closed closed 4.8% lower, trimming losses as much as 23% in its biggest drop since […]

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Base Metals
Iron Ore
Metals

Vale Is Getting Back on Top of the Iron Industry as Rio Stumbles

(Bloomberg) — Vale SA has closed the iron-ore production gap with its main rival Rio Tinto Group, and is even expected to report slightly higher output in the fourth quarter. Rio Tinto’s Australian mines churned out 84.1 million metric tons of the steel-making ingredient last quarter. In its production statement Thursday, Vale will report 85.6 […]

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Base Metals
Cash
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Dividends
Fibonacci Retracement
Free Cash Flow
Fundamental Analysis
Fundamentals
Materials
Metals
Steel
Steel Products
Technical Analysis
Valuations
Value Investing
Value Stocks

SCHN is -24% below its 52-week high. Is it also a good bargain?

One of the unavoidable side effects of a global pandemic is the impact it has on businesses. For companies in service-focused industries, some of that impact was confined mostly to shifting their workforce to remote work models that enabled them to keep going. For production-oriented businesses, the challenge has been very different. Complying with distancing […]

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Banking Sector
Base Metals
Daily Rundown
Electricity Distribution
Insurance

Base Metals, Banking, Insurance, Packaged Food, Electricity Distribution

Alcoa Corporation (AA) Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through three segments: Bauxite, Alumina, and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process […]

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Base Metals
Copper
Metals
Precious Metals
Silver
Specialty Metals

The tale of two metals: why copper and silver have taken split paths this year

Copper and silver markets have taken different paths this year, with a global economic recovery from the pandemic and tight supplies contributing to a third-straight year of gains for copper, but silver has failed to gain traction, and is on track to suffer its biggest yearly loss since 2014. “Generally, when copper outperforms silver, it […]

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