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Johnson Matthey seals battery raw material deals for new cathode plant

April 20, 2021 / www.metalbulletin.com

British speciality chemicals firm Johnson Matthey (JM) has secured long-term supply agreements for both cobalt and lithium with major producers, while scaling up its battery materials business in Europe, it said on Monday April 19.JM also announced a strategic partnership with Finnish Minerals Group for the construction of a second cathode manufacturing plant in Finland.The nameplate capacity of t...Read More

FOCUS: Will nickel briquette lose appeal as feedstock with Chinese nickel sulfate price declining?

April 20, 2021 / www.metalbulletin.com

Nickel briquette has steadily become a more favored choice of feedstock for Chinese battery-grade nickel sulfate producers in recent months, resulting in a notable pick-up in spot trading activity for the former.But recent declines in the Chinese nickel sulfate price have raised questions among market participants about whether this trend will continue. Fastmarkets examines the major factors behin...Read More

PEOPLE MOVES: Altura Mining appoints Alex Cheeseman CEO

April 20, 2021 / www.metalbulletin.com

Australian lithium-spodumene producer Altura Mining has appointed Alex Cheeseman chief executive officer with immediate effect, the company said on Friday April 16. Cheeseman was previously the general manager of marketing for Altura prior to the administration process that was initiated in October 2020.Read More

EUROPE HRC WRAP: Domestic prices continue to rise; ArcelorMittal increases offer again

April 20, 2021 / www.metalbulletin.com

Domestic prices for steel hot-rolled coil increased further across Europe over the week to Friday April 16 due to a combination of strong demand and short availability. In addition, at the end of last week, ArcelorMittal increased its official HRC offers to ?,?970 ($1,162) per tonne ex-works, up by ?,?50 per tonne from its previous offers. Fastmarkets calculated its daily steel hot-rolle...Read More

The Winners and Losers in Biden's Oil Future

April 19, 2021 / www.energyandcapital.com

Be careful what you wish for.The moment President Biden set foot in the White House, it was clear he planned on following through with his campaign promises.The new paint wasn't even dry in the Oval Office when he put the kibosh on the Keystone XL pipeline. Of course, we talked before about how that decision may have a few unintended repercussions.But given the ludicrous speed at which today's new...Read More

EUROPE HRC: Prices continue to rise; buyers ready to accept further increases

April 20, 2021 / www.metalbulletin.com

Domestic prices for hot-rolled coil in Europe increased further on Monday April 19 after ArcelorMittal announced an increase in its offer prices last week, sources told Fastmarkets.The mood in the market is bullish, and buyers are expected to accept even higher prices soon.Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at ?,?941.67 ($1,128.10) per tonne...Read More

Liberty allays union's concerns over Ostrava plant carbon allowance use

April 20, 2021 / www.metalbulletin.com

Liberty Steel's management has promised Ostrava steelworks in Czech Republic will retain its carbon emissions allowances, addressing trade union's fears they will be lent to another mill, Fastmarkets has learned. On Wednesday April 14, OS KOVO trade union warned of a readiness to strike at Liberty's Ostrava plant amid concerns stemming from market chatter and international media that implied...Read More

US cold-heading quality, high-carbon wire rod prices rise

April 20, 2021 / www.metalbulletin.com

Prices for cold-heading quality (CHQ) and high-carbon wire rod in the United States rose for the second consecutive month, while mills extended lead times due to higher demand. Fastmarkets' monthly assessment for steel wire rod (high carbon), fob mill US was $52.50 per hundredweight ($1,050 per short ton) on Friday April 16, up 5% from $50 per cwt in March, and up $4.75 per cwt (9.95%) f...Read More

US SBQ surges on tight supply, rising surcharges

April 20, 2021 / www.metalbulletin.com

Special bar quality (SBQ) steel prices for both hot-rolled and cold-finished products soared in the United States in April due to rising demand, mill base price increases and higher raw material costs. Fastmarkets' assessment for hot-rolled special bar quality 1-inch round 1000 series (carbon), fob mill US was at $57.50 per hundredweight ($1,150 per short ton) on Friday April 16, up by 12.75% from...Read More

Liberty allays union's concerns over Ostrava plant carbon allowance use

April 20, 2021 / www.metalbulletin.com

Liberty Steel's management has promised Ostrava steelworks in Czech Republic will retain its carbon emissions allowances, addressing trade union's fears they will be lent to another mill, Fastmarkets has learned. On Wednesday April 14, OS KOVO trade union warned of a readiness to strike at Liberty's Ostrava plant amid concerns stemming from market chatter and international media that implied...Read More

DAILY STEEL SCRAP: Turkish mills resume deep-sea purchases, prices down $6/tonne

April 20, 2021 / www.metalbulletin.com

Turkish steel producers returned to the deep-sea scrap import market at the start of the week, booking cargoes from a range of locations at lower prices, market participants told Fastmarkets on Monday April 19.At the end of the last week, a steel mill in the Izmir region booked a European cargo at $417 per tonne cfr for HMS 1&2 (80:20).And a steel mill in the Iskenderun region booked a Venezuelan...Read More

TURKEY DOMESTIC STEEL SCRAP: Recovery in lira pushes auto bundle prices downward

April 20, 2021 / www.metalbulletin.com

Turkish domestic auto bundle scrap prices have inched downward over the past week thanks to the recent recovery in the value of the country's currency, while ship scrap prices remained fairly stable, market participants told Fastmarkets on Monday April 19.Domestic prices for long steel products and, therefore, auto bundle scrap in Turkey typically decrease in line with a stronger Turkish lira beca...Read More

IRON ORE DAILY: Seaborne prices jump in day of active port trading

April 20, 2021 / www.metalbulletin.com

Iron ore prices in the seaborne market surged on Monday April 19, supported by active trading at Chinese ports and demand from steel mills ahead of the Labor Day holiday. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $181.80 per tonne, up $3.37 per tonne 62% Fe low-alumina fines, cfr Qingdao: $182.55 per tonne, up $3.99 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $157.49 per...Read More

How Far Will Stocks Crash? | Michael Pento

April 19, 2021 / marketsanity.com

Portfolio manager Michael Pento says a stock crash is coming this year. How low will the market fall? Michael expects 30% at least, but says it could fall much more. 0:00?EUR< Intro0:56?EUR< Spike in bond yields6:25?EUR< Inflation14:46?EUR< Stock crash20:33?EUR< 30% crash minimumMichael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to startin...Read More

John Rubino: Is A Crash Coming?

April 19, 2021 / marketsanity.com

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More

Alasdair Macleod & Max Keiser: The Great Inflation-Deflation Debate Revisited

April 17, 2021 / marketsanity.com

In this episode of the Keiser Report, Max and Stacy look at the call by JP Morgan for unexpectedly large increase in inflation as pent-up savings is unleashed. In the second half chats to Alasdair Macleod of GoldMoney.com about whether or not we are heading for inflation, deflation, hyperinflation or hyperdeflation and why it is so difficult to tell.Max Keiser is an American broadcaster and film-m...Read More

Greatest Violations of Nuremberg Code in History - Catherine Austin Fitts

April 17, 2021 / marketsanity.com

"If you look at the deaths and adverse events, and the failure to provide true informed consent, we are talking about the greatest violations of the Nuremberg Code in history-now."Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More

Chris Powell: Gold Manipulation And Covert Yield Curve Control

April 17, 2021 / marketsanity.com

Tom welcomes Chris Powell, Secretary, and Treasurer of GATA, the Gold Anti-Trust Action Committee, to the show. Talking Points From This Episode- How and why governments and central banks control gold.- Gold swaps and leasing - the creation of paper derivatives.- China and Russia - why central banks are all involved.- Why silver could be banker kryptonite.Time Stamp References:0:00?EUR< - Intro0:3...Read More

Jim Bianco: A Strong Economy, Market Internals, A Bond Reversal

April 15, 2021 / marketsanity.com

Real Vision managing editor Ed Harrison welcomes back Jim Bianco, president of Bianco Research, to discuss the newest release in the weekly jobless claims data, comparing the vaccine roll-out in the U.S. to other countries, and how we are on the precipice of inflation. Bianco points out how, even though jobless claims fell to the lowest level since the pandemic, the question of job growth is trick...Read More

Gold, Taxes & Confiscation...Q&A With Lynette Zang

April 17, 2021 / marketsanity.com

Blog: https://www.itmtrading.com/blog/gold-...Lynette responds with organic and unrehearsed answers. These are client questions from the consultants, if you have questions please either submit them through YouTube, Facebook, Twitter, or email to [email protected] If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease!Quest...Read More

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