Base metals prices on the LME and the SHFE were mixed this morning, Thursday October 15, with concerns over the spread of Covid-19 and the reduced likelihood of a US stimulus package any time soon dampening optimism. Governments in Europe are trying to avoid widespread lockdowns, but Covid-19 is spreading alarmingly. United States 10-year treasury yields slip as traders turn more risk-off. Base me...Read More

Share this articleTORONTO - TMAC Resources Inc. says the federal cabinet has ordered a national security review of the proposed sale of the Canadian gold miner to a Chinese company.Shandong Gold Mining Co. Ltd. announced a deal in May to buy TMAC, owner of the Hope Bay mining project in Nunavut, for $230 million.The friendly deal has received Chinese regulatory approvals and TMAC shareholders vote...Read More

Share this articleTORONTO - Barrick Gold Corp. says it produced 1.16 million ounces of gold and 103 million pounds of copper in the third quarter based on preliminary results.The production came as the company says preliminary third-quarter sales totalled 1.25 million ounces of gold and 116 million pounds of copper.The average market price for gold in the third quarter was US$1,909 per ounce, whil...Read More

Lithium supply will become tighter in 2022, supporting a significant change in the direction of prices against the backdrop of a surge in demand from the electric vehicles (EV) sector, Jonathan Evans, chief executive officer and president of miner Lithium Americas, has told Fastmarkets."We expect a turn in [lithium] prices by mid-2021, and into 2022 and beyond things will take off when supply gets...Read More

Making money in biotech is pretty easy.It mostly boils down to following clinical trial data and monitoring buy and sell volumes that align with the release of those data.In other words, if a biotech company is getting ready to release data or announce the launch of a new trial and you see that stock start to pick up steam before that happens, you know something good is about to happen.Of course,...Read More

A socially-distanced mating season means that contract negotiations in the minor metals, ores and alloys sector will look very different this year. Here, Fastmarkets' team considers the backdrop to the 2021 contract discussions.Seeking flexibility...Concern over the second wave of Covid-19 infections sweeping across Europe was an example of the uncertainty that negotiating parties will try conside...Read More

Spot cobalt hydroxide payables edged higher during the first half of the week after buyers resumed their restocking drive following the week-long China National Day holiday (October 1-8), sources said.Fastmarkets' cobalt hydroxide indicator, min 30% Co, cif China widened to 77.5-80% against the price for cobalt, standard grade, (low-end) on October 14, up from 77.5-78.5% on October 9. Payables had...Read More

Hot-rolled coil prices in the United States are at their highest point in nearly 18 months amid a supply squeeze that shows no short-term signs of letting up, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $32.72 per hundredweight ($654.40 per short ton) on Thursday October 15, up by 0.7% from $32.48 per cwt on Wednesday and by 3.6% from $31....Read More

Prices in the United States for imported flat-rolled steel have inched upward on stable raw material costs abroad and the resumption of normal activity following China's Golden Week holiday, market participants said."The global market has seen a bit of an uptick this week, and everyone is trying to make one more push for higher prices," one trader source said.Hot-rolled coilFastmarkets' price asse...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Thursday October 15 with buyers preferring to hold back from making new deals until the price trend becomes clear, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?495.63 ($582.18) per tonne on Thursday October 15, up by ?,?0.63 per tonn...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More

Prices for steel reinforcing bar in the United States again held steady week on week, with domestic mills still generally collecting the majority of their price increases announced in early September. Market participants said that last month's $40-per-ton ($2-per-cwt) price increase from US mills so far has resulted in transaction prices that are $12-35 per short ton ($0.60-1.75 per hundredweight)...Read More

Steel billet and rebar prices remained stable in Egypt in the week to Thursday October 15 while trading activity was modest amid a lack of clarity over market conditions, sources said.Several market sources reported that safeguarding duties for imported billet and rebar had been reduced in the country earlier in the week, although no official documents had been provided to Fastmarkets by the time...Read More

Seaborne iron ore prices declined slightly on Thursday October 15 with some market participants sensing the start of some price stability after several consecutive downward corrections, trade sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $118.70 per tonne, down $0.82 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.04 per tonne, down $0.94 per tonne58% Fe fines high-grad...Read More

Spot prices for Japanese heavy scrap dipped over the past week on reduced purchasing from South Korea, but market participants expect prices to strengthen again toward the end of the year.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?26,500 ($251) per tonne on Wednesday October 14, down ?500-1,500 per tonne from ?27,000-28,000 per tonne a week earl...Read More

Jason Hartman is the Founder of Platinum Properties Investor Network, Inc. and serves as its Chief Executive Officer. Mr. Hartman has been involved in several thousand real estate transactions and has owned income properties in 11 states and 17 cities. His company, Platinum Properties Investor Network, Inc. helps people achieve The American Dream of financial freedom by purchasing income property...Read More

Steel billet and rebar prices remained stable in Egypt in the week to Thursday October 15 while trading activity was modest amid a lack of clarity over market conditions, sources said.Several market sources reported that safeguarding duties for imported billet and rebar had been reduced in the country earlier in the week, although no official documents had been provided to Fastmarkets by the time...Read More

Frank Holmes, Chief Investment Officer of U.S. Global Investors, doubles down on his $10,000 dollar gold call. In this interview with our Daniela Cambone, Holmes talks about the trajectory for the yellow metal and what he thinks is a better buy: physical gold, ETFs, or gold mining stocks. He also talks aviation stocks and the recent surge in activity of his JETS ETF. Frank Holmes is the CEO and ch...Read More

Harley talks about how NP and ex-military are planning to remove Trump from office. The patriots already have countermeasures in place, the military is behind POTUS. The information is dripping out and the [DS] is now being pushed into the corner. Harley Schlanger's work can be found at LaRouchePAC.com.Read More

It's amazing how Americans and people around the world accept the same line of garbage; the cure to the economic crisis is actually the disease. Ever escalating debt is what got us into this mess in the first place. And as usual, the powers that be solution is ever more debt at an ever accelerating pace. Does that even remotely make any sense?Intractable inflation, a bond death spiral, constant mo...Read More