Hambro said ESG determining the cost of capital was playing out at rapid speed and marked a fundamental shift in capital markets, with capital leaning towards companies seen as compliant through anRead More

Prime scrap grades in Mexico's main ferrous scrap markets registered gains in the week ended Friday March 5, while the secondary grades were stable, with buyers' and sellers' price pressure increasing again.Scrap sellers were heard raising busheling prices in both markets due to low availability of the material, following recent price cuts heard in late February. Most sellers a...Read More

Turkish steel producers continued to book deep-sea scrap cargoes for April shipment, with prices making a downward correction amid increased supplies, sources told Fastmarkets on Tuesday March 9.A steel mill in the Izmir region booked a US cargo, comprising 18,000 tonnes of shredded and 12,000 tonnes of bonus at an average price of $467 per tonne on Saturday March 6.The same mill, then, booked ano...Read More

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment. Brent crude oil prices dip back below $70 per barrel after Monday's move above $71 per barrelInf...Read More

Chinese lithium producer Ganfeng Lithium and wholly owned subsidiary Qinghai Liangcheng Mining will hold 49% of the Minmetals Salt Lake project following conclusion of a 1.47-billion-yuan ($226.07-million) deal to buy Yili Hongda, the company said on Monday March 8.Ganfeng and Qinghai Liangcheng Mining will acquire 100% of the shares in Yili Hongda currently held by Citic Securities, Tibet Hongda...Read More

More than a year after the Covid-19 pandemic began, investors' appetite in the battery raw materials sector has increased, moving away from precious metals such as gold, but it has yet to be seen if that interest will result in more supply, participants in a Fastmarkets webinar heard on Thursday March 4."What is an interesting dynamic is that, when Covid-19 came in, everyone looked to gold when cu...Read More

Chinese battery materials producer Xiamen Tungsten will temporarily suspend its lithium cobalt oxide (LCO) operations in late April, a source from the company told Fastmarkets on March 9.The suspension at Xiamen Tungsten's LCO battery material operation in Sanming City, Fujian province, will last over 10 days starting from late April...Read More

Star Royalties Ltd. is a growth-oriented, precious metals-focused royalty and streaming company. We learned from Alex Pernin, P.Geo., Chief Executive Officer and Director of Star Royalties, that the three points that differentiate his Company are: their strong and capable Team, their differentiated business model of generating wealth creation through accretive royalty and streaming transaction str...Read More

Endurance Gold Corporation (EDG -- TSX.V) is a project generator, focused on the acquisition, exploration and development of highly prospective North American mineral properties, with the potential to develop world-class deposits. Endurance Gold owns two drill-ready, gold exploration projects in top-ranked jurisdictions: the fully permitted, high-grade Reliance Gold Project, located in the histori...Read More

Wall Street is known for its animal lore: "Bulls make money, bears make money, and pigs get slaughtered" is the hoary old saying.Recently, financial writer Jason Zweig suggested we add the "bonasus."I second this motion wholeheartedly. And to be honest, I had to look up the beast myself.According to Pliny the Elder in his Naturalis Historia:There are reports of a wild animal in Paionia called the...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.United StatesDomestic prices for hot-rolled coil (HRC) in the United States averaged $1,316 per tonne in February 2021, and Fastmarkets' research team expects prices to maintain that momentum through March and April.Flat steel product prices in the country continue to be supported by exceedingly tight supply, reflecting prod...Read More

Domestic prices for hot-rolled coil (HRC) in Northern Europe increased further day on day on Tuesday March 9, supported by reduced availability, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?756.25 ($898.28) per tonne on Tuesday, up by ?,?2.50 per tonne from ?,?753.75 per tonne on March 8.The index was also up by ?,...Read More

Is it time to bury the bullion bull market? We assess that issue as well as what areas might offer opportunity in a pro-inflationary environment. Is the Fed burying bullion? (Photo by Daniel Lincoln)Meanwhile, for all those predicting that yield curve control is coming to the United States, not so fast. Finally, insiders at an established firm have been thinking outside the box. We cover these ho...Read More

Import prices for steel rebar and billet in the United Arab Emirates have increased this week but local rebar prices fell because producers gave discounts, sources told Fastmarkets on Tuesday March 9.The country's steel producers were offering rebar at 2,530-2,545 dirhams ($689-693) per tonne ex-works.Local demand for rebar was limited during the week, because of a lack of new projects. Rebar deal...Read More

Geert Van Poelvoorde has been named chief executive officer of ArcelorMittal Europe, the company announced on Tuesday March 9.The move follows the appointment last month of Aditya Mittal as CEO of ArcelorMittal, having previously held the position at ArcelorMittal Europe.Van Poelvoorde was previously CEO of...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow moved up in the week to Tuesday March 9, after mills increased their offers in response to improving demand, sources told Fastmarkets.Fastmarkets price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 51,000-52,000 roubles ($685-698) per tonne, including 20% value-added tax, on March 9...Read More

Prime scrap grades in Mexico's main ferrous scrap markets registered gains in the week ended Friday March 5, while the secondary grades were stable, with buyers' and sellers' price pressure increasing again.Scrap sellers were heard raising busheling prices in both markets due to low availability of the material, following recent price cuts heard in late February. Most sellers a...Read More

Turkish steel producers continued to book deep-sea scrap cargoes for April shipment, with prices making a downward correction amid increased supplies, sources told Fastmarkets on Tuesday March 9.A steel mill in the Izmir region booked a US cargo, comprising 18,000 tonnes of shredded and 12,000 tonnes of bonus at an average price of $467 per tonne on Saturday March 6.The same mill, then, booked ano...Read More

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More

Our first interview with Martin Armstrong from Armstrong Economics. We ?ve questioned Mr Armstrong to various topics: most useful German history lesson, Build Back Better, Klaus Schwab, Julius Caesar, fixed exchange rates, taxes, perpetual bonds, Dow Jones 40000, his legacy and much more. 00:00:00?EURRead More