Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More
Ferrous scrap prices in Mexico went up another level in the week ended Friday March 19, amid a continuing rally in prime scrap values.Demand for prime grades of scrap continued to rise during the week, with sellers being successful in getting better deals. Price increases from the previous week came into full effect, and there were also reports of fresh price rises from some steelmakers in both th...Read More
Turkish steelmakers have continued to hold back from the deep-sea scrap import markets after the unexpected sacking last weekend of the governor of the country's central bank, which caused a sharp decrease in the exchange-rate value of the lira, market sources said on Tuesday March 23.The Turkish lira crashed at the beginning of the week following the sudden decision by President Recep Tayyip Erdo...Read More
A summary of China Molybdenum Co's annual report filed to the Shanghai Stock Exchange on Tuesday March 23.In briefRevenue for mining and processing business totaled 18.48 billion yuan ($2.84 billion), down by 4.06% year on year.Revenue for molybdenum and tungsten segment amounted to 3.55 billion yuan, down by 21.19% from previous year, due to...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange, as well as spot precious metals prices, were mainly weaker this morning, Tuesday March 23, as were broader markets.Markets looking more nervous after concerted Western government sanctions on China have raised geopolitical tension.Europe braces for further Covid-19 lockdownsBase metals LME three-month base meta...Read More
Share this articleLOS ANGELES - Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) an award-winning, industry-leading drone solutions, and systems developer, reported that it has signed a $1M services deal to deploy EagleEye?,,? AI flight services with Windfall Geotek Inc. (TSX-V: WIN) (OTCQB: WINKF).Windfall Geotek flies mining prospect with magnetometers. The data is placed into EagleEye?,,?...Read More
A summary of China's battery raw materials exports for the first two months of 2021.In briefLithium carbonate exports decreased in January-February in a year-on-year comparison with the early months of 2020, with tight domestic supply from most producers and no great improvement in overseas demand.Read More
Donald Rumsfeld once said:There are known knowns. These are things we know we know. We also know there are known unknowns. That is to say, we know there are some things we do not know. But there are also unknown unknowns, the ones we don't know we don't know.Rumsfeld has the distinction of being both the youngest, under Ford, and the second-oldest person, under George W. Bush, to have served as Se...Read More
A summary of China's battery raw materials imports for the first two months of 2021.In briefImports of cobalt metal rose sharply year-on-year early in 2021, with the second round of stockpiling by China's State Reserve Bureau elevating the domestic price of metal in the first two months of the year, triggering a robust import appetite in the country for the blue metal.Imports of cobalt intermediat...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More
Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday March 23, supported by strong demand combined with tight supply, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?808.33 ($962.95) per tonne on Tuesday March 23, up by ?,?10.33 per tonne from ?,?798.00 per tonne on March 22.The index was...Read More
China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).Fastmarkets summarizes five key targets under the new five-year plan that are likely to underpin corres...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More
Demand for steel billet and rebar in the United Arab Emirates was poor during the week ending Tuesday March 23 with local rebar producers announcing unchanged prices, sources have told Fastmarkets.Rebar producers in the UAE rolled over their prices with effect from March 22.The country's steel producers were officially offering rebar at 2,530-2,545 dirhams ($689-693) per tonne ex-works, but deals...Read More
Wire rod producers in the Commonwealth of Independent States (CIS) kept decreasing their export prices in the second half of March to attract customers, however, buying activity remained moderate amid unfavorable market fundamentals, sources said.Wire rod offers from Russia slid to $680-690 per tonne fob from $710-715 per tonne a week earlier, while Ukraine-origin material was reported offered wit...Read More
The government recently announced a new stimulus program that could equate to as much as 4 trillion dollars, what will this mean for gold, silver, and inflation? Join Mike Maloney and Jeff Clark as they analyze this situation and the latest news.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook?EUR< Thanks for sharing and clicking that 'Like' button. For those...Read More
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More
The Federal Reserve is out of tricks and the market smells inflation: "Of course we will have inflation, we are coming out of a pandemic... Ignore the man behind the curtain," market watcher Lawrence Lepard says, describing the Fed's facile narrative. Speaking on gold, he tells our Daniela Cambone, "It's ridiculous; gold should be at $5,000 dollars, but I want gold investors to know.... we are goi...Read More
?>>?After President Joe Biden just signed a $1,9 trillion "stimulus" bill it appears that a slight Democrat controlled CONgress is attempting to almost immediately follow that up with another $3 trillion infrastructure and health care bill. Biden Team Prepares $3 Trillion in New Spending for the Economy https://www.nytimes.com/2021/03/22/bu...?EUR
0:00?EUR< Intro0:47?EUR< Gold and silver update2:26?EUR< Downside for silver3:15?EUR< Stimulus and inflation5:28?EUR< Will the Fed ease more?7:35?EUR< COVID not over9:03?EUR< Debt crisis to drive gold/silver12:08?EUR< Paper vs. physical markets16:53?EUR< Key price pointsGary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has als...Read More