The Critical Investor delves into Kenorland Minerals' latest drill results at its Regnault Gold Project in Quebec. Drilling at Frotet project, QuebecIt took some time, but it all seems to come together rather nicely now for hybrid prospect generator Kenorland Minerals Ltd. (KLD:TSX.V) and its young prodigy CEO, Zach Flood. A few days ago the gold price broke through the important barrier of US$19...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Global welded pipe prices surged in May as strong demand and still-insufficient supply lifted flat steel prices.The biggest jumps were seen in China, which was hit by the unexpected announcement of the elimination of export rebates on welded pipes in April. Chinese seaborne prices reached $1,570 per tonne fob for longitudina...Read More

Prices for steel hollow sections in Europe rose on Wednesday June 2 after a rise in demand led to mills struggling to keep up, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?1,320-1340 ($1,614-1,638) per tonne on June 2, up from ?,?1,250-1,320 per tonne on May 26.Hollow section producers had less material to offer cust...Read More

China's domestic rebar prices on Wednesday June 2 recovered most of the losses from a day earlier amid costlier raw materials such as iron ore and coke. DomesticEastern China (Shanghai): 5,000-5,020 yuan ($784-787) per tonne, up by 100 yuan per tonne Rising prices for steelmaking raw materials are making rebar mills lose money, an industry analyst said.Fastmarkets' index for iron ore 62% Fe fines,...Read More

The chaos being experienced in the global container shipping industry is expected to continue for some time with a shortage of an estimated four million boxes creating havoc with congestion, routes and freight rates, according to an executive at logistics conglomerate DP World. Andrew Hoad told the Bureau of International Recycling's (BIR) annual convention that shipping and leasing companies opte...Read More

Turkish prices for flat steel products increased during May 2021, but the direction of price movements in June will depend on global price trends, especially in China, sources told Fastmarkets on Wednesday June 2.Market participants did not expect any price decreases, though. Steel prices in China did decrease from April until May 27, but they then started to rise again.Hot-rolled coil export pric...Read More

European distributors of flat steel products reported a 21.7% year-on-year rise in shipment volumes for March 2021, regional steel industry association Eurometal said on Wednesday June 2.In the first quarter of 2021, flat steel shipments in the European Union and the United Kingdom inched up by 2.8% year on year.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern E...Read More

Latin American steel industry group Alacero has a new general director with the departure of Francisco Leal and the appointment of Alejandro Wagner to the role, the association told its members on Tuesday June 1.Wagner is an industrial engineer with 15 years of experience in both the private and public sectors. He was most recently business manager at steelmaker Ternium,...Read More

In a previous article I wrote:“Looking at this chart, it should be apparent that gold at $2000 is fully-priced. Unless you are convinced that the US dollar is going to crash soon, then expectations for much higher gold prices at this point  are unwarranted.”  ($10,000 Gold Or A Triple Top?)The article was published in August 2020 and the chart is reprinted below… Gold...Read More

Hi,With Bitcoin losing more than 50% off its April high and retail prices rising across the board, you may be looking for a place to park your cash.How about something with a bit of a track record in that area, like gold?In 1975, gold futures were created. From there, opportunities to trade gold have flourished via stocks, ETFs and options. Today, the hardest part is knowing which gold setups are...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 2 that are worth another look.Recent weakness in Chinese export hot-rolled coil prices are likely to have minimal impact on prices in Turkey and the Commonwealth of Independent States - major flat steel suppliers - at least in the short term,...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Global welded pipe prices surged in May as strong demand and still-insufficient supply lifted flat steel prices.The biggest jumps were seen in China, which was hit by the unexpected announcement of the elimination of export rebates on welded pipes in April. Chinese seaborne prices reached $1,570 per tonne fob for longitudina...Read More

Precious metals markets are making modest advances inthis final trading week of May. U.S. markets will be closed on Monday inobservance of Memorial Day. During the extended weekend, millions more Americanscompared to last year are expected to hit the roads for travel. They will beconfronted with pain at the pump as gasoline prices have risen to over $3.00per gallon in most parts of the country.Oth...Read More

Bidenomics is a big departure from sound economics. But when reason sleeps, gold fortunes are born.Biden’s triumph in the presidential election does not just mean that a new man lives in the White House. It actually implies a fundamental shift in economic policy . Some analysts even see Biden’s agenda as a decisive break with neoliberalism or “Washington consensus”.You see,...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 2.Please click...Read More

In Part I of this research article, I tried to highlight the major market cycle phases that often drive volatility, uncertainty, and bigger trends in the US/Global markets as well as Precious Metals.  Additionally, my team and I highlighted the technical confluence pattern that has setup as Gold prices have rallied above downward sloping price channels (price Flags) recently.  This confl...Read More

The silver miners’ stockshave mostly been consolidating high since last summer.  While they’ve enjoyed some sharp rallies,those have been within that sideways-grind trend.  That lack of overall upside progress has leftthis tiny contrarian sector out of favor, with apathy reigning.  But as their recently-reported Q1’21 operatingand financial results revealed, silver...Read More

Domestic prices for European heavy steel plate were unchanged over the week to Wednesday June 2, due to holidays in a number of EU countries, sources have told Fastmarkets.Sentiment in the market remained positive, however, and demand was expected to recover next week, market sources said."Demand is fine. I think we will see it improving further due to [the emergence of new] projects and long-term...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 2 that are worth another look.Recent weakness in Chinese export hot-rolled coil prices are likely to have minimal impact on prices in Turkey and the Commonwealth of Independent States - major flat steel suppliers - at least in the short term,...Read More

Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."Not everyone will agree with his assessment of the petroleum, gas and coal sectors, which have powered the world's growth for decades. Nonetheless, the twin goals of supply chain security and sustainability are now driving a t...Read More