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Markets mixed, Clean TeQ and Kinross eye exits

Market futures were mixed, as was the latest economic data out of China while US stimulus talks near a Tuesday deadline.
Markets mixed, Clean TeQ and Kinross eye exits Markets mixed, Clean TeQ and Kinross eye exits Markets mixed, Clean TeQ and Kinross eye exits Markets mixed, Clean TeQ and Kinross eye exits Markets mixed, Clean TeQ and Kinross eye exits

Battery minerals focused Clean TeQ Holdings is delisting from the TSX and will remain on the ASX

Staff reporter

"With the US election now only a fortnight away, the likelihood is money managers are going to be risk averse with the financial space dominated by a lack of liquidity/nervousness as a result of which RV trading may take on greater significance," Marex Spectron's Alastair Munro said yesterday.

The gold price has held above US$1,900 an ounce on the spot market and was worth about $1,903/oz at the time of writing.

Base metals except aluminium closed higher on the London Metal Exchange yesterday, with LME Week underway as a virtual event this year.

Copper was tipped the base metal to watch in 2021, according to a panel yesterday.

Meanwhile, the Robert Friedland co-chaired, dual-listed Clean TeQ Holdings is voluntarily delisting from the Toronto Stock Exchange next month, due to limited trading volume with 96% occurring on the ASX.

The Australia-based company is progressing its Sunrise nickel, cobalt and scandium project in New South Wales. 

Its shares (TSX: CLQ) closed down 1.6% in Toronto.

Finally, Toronto-based producer Kinross Gold is reportedly considering selling its American assets and moving its primary listing to London to increase the company's value.

Its shares (TSX: K) closed down 2.4% yesterday but remain near the top of a one-year range.