Turkish steel producers resumed their deep-sea scrap bookings when buying a US-origin cargo at a lower price than in other recent deals, market participants told Fastmarkets on Wednesday May 26.A Turkish steelmaker booked the US cargo, consisting of 44,000 tonnes of HMS 1&2 (95:5) at $515 per tonne cfr.The most recent deep-sea transactions were done at the end of last week.A steel mill in the Iske...Read More
The UK government has announced ?166 million funding to drive forward development of green technology and development as part of its Green Industrial Revolution, with UK steelmakers set to receive cash.The funding package will benefit energy-intensive businesses such as steelmaking and manufacturing and falls under the UK Prime Minister's 10 Point Plan for a green revolution, which includes remov...Read More
Market participants expect long-term support for aluminium scrap prices in Europe following growing demand for low-carbon aluminium. According to the European Union's taxonomy for sustainable activities, which serves as a guide to direct investment for sustainable projects, there are fewer criteria to be met for the manufacturing of secondary aluminium to be considered a sustainable project. "All...Read More
Base metals prices on the LME and SHFE were mixed - albeit with a slight upward bias - this morning, Wednesday May 26. But the rebounds seem half-hearted, with some erring on the side of caution judging by the lower treasury yields and stronger gold price. While the United States Federal Reserve generally seems to be remaining dovish, the vice chair, Richard Clarida, spoke of a "soft landing"........Read More
Fastmarkets reporters round up some of the key discussion points from the Cobalt Institute's annual conference, which ran virtually this year on May 18-19. EU regulation likely to have global impact The European Union's battery regulation policy has called for a minimum recycled content of cobalt in each electric vehicle (EV) and industrial battery cell. From 2030, 12% of the cobalt must be r...Read More
Share this article VANCOUVER - Northern Vertex Mining Corp. [NEE-TSXV; NHVCF-OTC] on Wednesday May 26 released results from its multi-phase infill and resource expansion drilling program at the 100%-owned Moss mine in northwestern Arizona. The latest results are focused along strike to the east of the producing gold mine.Drilling highlights include 21.34 metres grading 1.98 g/t gold and 23.75 g...Read More
Sometimes an opportunity comes around that is simply too good to ignore.Of course, the veteran members of our investment community here at Energy and Capital have seen one particular opportunity coming for a few years.All it needed was something to push it over the edge, a trigger that would ensure the market would gain incredible momentum going forward.Well, last month we saw it.I'm not intention...Read More
You might not know it today with your lightning-fast cars and fancy clothes, but there was a time in the not-too-distant past when the human race was haunted by the specter of famine.Human history is filled with a never-ending cycle of overpopulation and crop failure. However, like many problems of the past, death from famine has largely been solved, but not due to the hysteria of the Malthusians...Read More
Domestic prices for European heavy steel plate increased again in the week to Wednesday May 26, supported by good demand, sources told Fastmarkets."Demand is definitely good but still missing the boost that would come from projects, especially in Italy," an Italian producer said.Market sources said that lead times from domestic suppliers have been getting longer. German mills have already started...Read More
Domestic prices for cold-rolled coil continued to increase across Europe in the week to Wednesday May 26 due to the persistent shortage of material, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?1,250-1,300 ($1,530-1,592) per tonne on May 26, compared with ?,?1,250-1,270 per tonne a week earlier.The assessment was based on achiev...Read More
Domestic prices for hot-rolled coil in Europe have continued to rise, supported by tight domestic and overseas supply and strong demand, sources told Fastmarkets on Wednesday May 26.Although buyers had to accept higher prices to secure their required volumes, they have become more cautious about the sustainability of the upward trend in Europe due to falling prices in China.The drop in Chinese fla...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 26 that are worth another look.The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021,...Read More
European steel H-beam prices remained on an upward trend on Wednesday May 26, with producers still committed to continued increases, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?900-920 ($1,102-1,126) per tonne on Wednesday, up from ?,?880-900 per tonne a week earlier.Following several months with consistently well-fille...Read More
The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021, the company said on Wednesday May 26.With 19 million Reais ($3.6 million) in investments for a revamp, ArcelorMittal will resume activities with one of the two electric arc furnaces in the plant. The company first cut output at...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 26 that are worth another look.The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021,...Read More
Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More
Turkish steel producers resumed their deep-sea scrap bookings when buying a US-origin cargo at a lower price than in other recent deals, market participants told Fastmarkets on Wednesday May 26.A Turkish steelmaker booked the US cargo, consisting of 44,000 tonnes of HMS 1&2 (95:5) at $515 per tonne cfr.The most recent deep-sea transactions were done at the end of last week.A steel mill in the Iske...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 26 that are worth another look.The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021,...Read More
Kevin O'Leary, chairman of O'Shares ETFs and star of Shark Tank, discusses what's needed for institutional money to flood into bitcoin with Michelle Makori, editor-in-chief of Kitco News. O'Leary also explains why the crypto puck is headed to DeFi.0:00 - Bitcoin & ESG6:27 - Existential threats to Bitcoin9:30 - Government Intervention15:22 - Target Price for Bitcoin19:10 - Decentralized FinanceKevi...Read More
In this video Patrick Bet-David explains the history of taxes and war in America, how they are related, the timeline of events and the military impact on taxpayer dollars. Patrick Bet-David is an American entrepreneur and financial advisor. He runs the popular YouTube channel Valuetainment.Read More