Lithium prices across the globe have been moving up slowly over the week to Thursday April 8 while the market is keeping an eye on the potential impact of fresh new market restrictions in Chile, sources told Fastmarkets.The battery-grade lithium hydroxide price in the domestic Chinese market continued to edge higher, with some key suppliers claiming to have sold out prompt cargoes and expecting fu...Read More
I was shocked when I realized it this morning...Nearly a month has passed since we last talked about an initial public offering. I almost can't believe it.It's incredible because last year, there were a record-breaking 480 IPOs on U.S. exchanges. It's even more incredible because so far this year, we've seen 410 IPOs in Q1 alone! Last year's record is done for...Admittedly, there is some burnout...Read More
The one-month border closure and tightened restrictions in Chile are not likely to impact the lithium operations in the country, two incumbent producer sources told Fastmarkets. "Thanks to the preventive measures we have taken, many of which were agreed upon by the communities near our Salar de Atacama Plant, we continue to operate normally at our sites in Chile with no impact to our production or...Read More
The South American flat-rolled steel import market strengthened during the week ended Friday April 9, with clients accepting what little material was available from China and other origins at higher prices."Customers on the South American Pacific coast seem to be increasingly anxious that they may not be able to receive firm offers for June shipment from Chinese mills [and] already started to acce...Read More
Hot-dipped galvanized and pre-painted galvanized iron, or color coated coil, prices in Turkey increased further in the week to Friday April 9, on continuing strong demand in both the domestic and export markets, sources told Fastmarkets.Demand is strong for HDG exports especially in Europe, sources said.Prices for hot-rolled coil - the base product for coated coil - have also been rising.Fastmarke...Read More
Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel, the companies said on Thursday April 8. Volvo plans to start the production of concept vehicles and components produced from steel made by SSAB using hydrogen this...Read More
Brazil's domestic steel rebar price rose again in April following an average 15% increase announced by mills, market participants said.Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic, monthly, delivered Brazil at 5,630-5,700 Reais ($1,006-1,019) per tonne on Friday April 9, up by 17.53% from 4,740-4,900 Reais per tonne a month earlier.New offers were mostly reported withi...Read More
The domestic steel rebar market in Poland was broadly stable during the week to Friday April 9, but sources expect prices to pick up by the end of the month on improving end-user demand, they told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland was unchanged week on week at 2,900-2,930 ($757-764) zloty per tonne on Friday.The assessment was...Read More
The price range for domestic steel wire rod in Poland widened upward during the week to Friday April 9, supported by good buying and expectations of further increases, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 3,050-3,150 zloty ($796-822) per tonne on Friday, widening upward by 50 zloty from 3,050-3,100 zloty...Read More
Brazilian iron ore pellet producer Samarco, a 50:50 joint venture between Vale and BHP, on Friday April 9 filed a petition for bankruptcy protection under a Brazilian court as a "last resort" to restructure its liabilities, both parent companies said.Samarco filed the petition in a commercial court in Brazil's southeastern Minas Gerais state. If the petition is accepted by the presiding judge, act...Read More
Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.High supply hits Turkish import market again US export prices rise in sales to Turkey Vietnamese import prices keep rising despite calmer steel markets Chinese buyers re-enter market for bulk cargoes at higher prices Taiwan import prices stabilize following recent rises In...Read More
Pig iron export prices from the south of Brazil increased due to new sales during the week to Friday April 9.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $520-525 per tonne on Friday, up by $10-20 from $500-515 per tonne the previous week.One sale...Read More
Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record highs.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $850-870 per tonne on Friday April 9, up by 8.18% from $780-810 per tonne the previous week. Early in the week, compan...Read More
For Part 1 of this interview CLICK HEREIn Part Two of his interview with Daniela Cambone, Trends Journal founder Gerald Celente reveals his investing philosophy- and explains why he is wary of #Bitcoin?EUR<.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Change...Read More
The price of steel billet sold to China increased again over the seven days to Friday April 9, stalling by the end of the week due to higher domestic billet supply to Tangshan, sources said. More sales of steel billet imported to China booked at the end of last week from Asean-origin sellers came to light during the start of this week. Cargoes from both Indonesia and Malaysia of 3sp blast furnace...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Jesse Felder to the show. Jesse sees inflation on the horizon and has quite a bit to say about macro risk factors and where the S&P500 may be headed next. Then in postgame, Erik and Patrick discuss - is it time for GOLD?Jesse Felder is a former hedge fund manager and founder of The Felder Report.Read More
What is going on in Ukraine? What is the Biden policy? What about Iran - is there a new deal in the works? What about China's role, is extending the Belt-and-Road Initiative into southwest Asia the basis for ending the wars, and reconstructing the region? Will we ever get a return to Glass Steagall banking separation, or will the globalist bankers destroy what's left of the U.S. productive economy...Read More
With special guest, Karen Petrou, co-founder and managing partner at Federal Financial Analytics.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes...Read More
Bitcoin: is it a safe haven or the harbinger of the next big crash and boom? Harry discusses how the rise of Bitcoin has mirrored the rise and fall of the early dot-coms-and how the megaphone economic pattern predicts a massive economic crash to come, during an excessively difficult economic cycle. Stay informed at www.harrydent.comHarry Dent is a Fortune 100 consultant, new venture investor, note...Read More
Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money manager...Read More