"It's politically unrealistic to expect the Government to backtrack now"Continue...Read More

While everyone was paying attention to the FOMC, Gold & Silver, and the Treasury Yields, it appears the recent commodity rally trend Continue...Read More

Russia's Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part Continue...Read More

The rapid increase in Covid-19 infections in Brazil, a shortage of auto parts and the decision by authorities to bring holidays forward prompted at least four more Brazilian automakers to suspend their production sites in the week to Friday March 26, Fastmarkets understands. Renault, Daimler under its Mercedes-Benz brand, Nissan and Toyota are the latest manufacturers to announce a suspension of a...Read More

The Hybrit joint venture in Scandinavia is to build the world's first production plant for fossil-free direct-reduced iron (DRI) in G??llivare, Sweden.Set up by Swedish steelmaker SSAB, and two state-owned entities - iron ore producer LKAB and energy group Vattenfall - Hybrit's demonstration plant will be ready to produce 1.3 million tonnes of fossil-free DRI in 2026, the companies said this...Read More

China exported 1.81 million tonnes of hot-rolled coil in the first two months of 2021, an increase of 150% from the same year-earlier period, according to the country's customs data.Vietnam was the biggest buyer of Chinese HRC in January and February with 709,228 tonnes, accounting for 39% of China's total exports. China's exports of hot-dipped galvanized flat steel also exceeded one million tonne...Read More

The Shanghai Futures Exchange's plans to list ferro-chrome futures, potentially this year, will bring welcomed hedging opportunities and may weaken the dominance of China's stainless steel mills in the ore and alloy markets, participants told Fastmarkets.While no definite date or specifications of the ferro-chrome futures have been announced, Fastmarkets asked participants what changes these contr...Read More

Usually after a London Metal Exchange discussion paper there is a decent idea of what the outcome is likely to be. But this time around, it seems much harder to tell which path the LME will take. The proposals under debate include the permanent closure of the exchange's open outcry trading floor, known as the ring, which dates back to 1877. They also include the incentivization of electronic trade...Read More

When considering the prospects for the new Shanghai International Energy Exchange (INE) copper contract, a senior executive at one of the world's largest metals trading companies quoted Hamlet's soliloquy in the Shakespearian play of the same name."In terms of promotion of the internationalization of the renminbi and weakening of the pricing power of the [London Metal Exchange] and CME: 'To be or...Read More

The epidemic is being used as an excuse for decisions by the mints not to enter the market for monetary metals when demand is high, supplies are tight, and...by Chris Powell of the Gold Anti-Trust Action Committee (GATA)12:56p ET Friday, March 26, 2021Dear Friend of GATA and Gold:Hugo Salinas Price, president of the Mexican Civic Association for Silver, whose family operates Banco Azteca, reports...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.In both Europe and the United States, the prices of most flat steel products have pushed to record highs in the weeks to Monday March 22. They remain slightly below their mid-2008 peaks in China, but are at multi-year highs there too.This illustrates in part the heavier consequences of the Covid-19 pandemic for steelmakers in...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese seamless linepipe prices have jumped by $120 per tonne over the past month because of rising costs. With iron ore prices remaining elevated, scrap costs on the rise, and activity at steel mills curbed by environmental measures, steel billet has become difficult to source, bolstering the prices for seamless linep...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view. This month's key North American steel forecast highlights: US hot-rolled coil prices continued to move in line with our forecasts in February, although actual prices again modestly exceeded our forecasts. Domestic HRC prices averaged $1,194 per ton in February, exceeding our forecast price of $1,150 per ton for the month. U...Read More

The conclusion of various holiday seasons, the end of winter, the progress of Covid-19 vaccination programs, and the will to return to more normal ways of life were all strong positives for the global long steel products market, the International Rebar Producers & Exporters Association (Irepas) said last week.The current situation and sentiment were generally very good in the world's long steel ma...Read More

Inner Mongolia, China's ferro-chrome production heartland, has imposed restrictions on its metallurgical sector in a move that has fueled the high-carbon ferro-chrome markets in China and Europe, and although this may ease off, the gains were unlikely to be lost while alloy ramp-ups continue, sources have told Fastmarkets.The decision to restrict energy consumption in Inner Mongolia since December...Read More

A resource update is underway with results expected in the second quarter.Read full newsRead More

In this article we take a look at 10 best junior gold mining stocks to buy now. You can skip our detailed discussion of the gold mining industry and go...Read full newsRead More

A resource update is underway with results expected in the second quarter.Read full newsRead More

The past year has been a wild ride for the TSX Composite Index. Stocks have swung wildly, as the market has re-priced equities in dramatic fashion, following the sentiment of investors.Today, sentiment is broadly bullish, resulting in valuations that are way above historical levels. That said, there are still a few opportunities out there.Accordingly, here are three top picks with valuations I thi...Read More

Mar 28, 2021 Bitcoin's price surge over the last year has not primarily been driven by innovations within the blockchain industry; rather, Bitcoin's own fundamentals drive the price rally, which in turn, lead to more interest in the industry said Muneeb Ali, co-counder of Stacks. "My working theory on this is that Bitcoin actually leads the crypto industry and within Bitcoin there's this concept c...Read More