A summary of China's battery raw materials exports for March 2021In brief Lithium carbonate exports decreased on yearly basis after higher domestic prices dented exporters' appetite to sell outside China, while overseas demand did not picked up to any notable...Read More
The persistent shortage of hot-rolled coil in Europe continues to drive prices upward, with steelmaker ArcelorMittal increasing its offer prices for the third time so far in April, Fastmarkets heard on Thursday April 22.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?965.00 ($1,160.35) per tonne on Thursday, up by ?,?8.75 per tonne from ?,?956.25...Read More
Domestic prices for hot-dipped galvanized steel coil in Europe increased again in the week to Wednesday April 21, due to short material availability combined with strong demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?1,050-1,100 ($1,263-1,323) per tonne on April 21, up by ?,?30-50 per tonne from ?,?1,000-1,070 per tonne.An...Read More
ArcelorMittal has again increased its official offer prices for all steel coil products across Europe, this time by ?,?30 ($36) per tonne, sources told Fastmarkets on Thursday April 22.The steelmaker had already increased its offers twice in April.After this week increase, offers for hot-rolled coil (HRC) reached ?,?1,000 per tonne ex-works while for cold-rolled and hot-dipped galvanizing coi...Read More
Atai Life Sciences (NASDAQ: ATAI) will soon go public, and it's one of the most anticipated IPOs of the year.The Peter Thiel-backed healthcare and psychedelics company, which has already raised $362 million from private investors, is about to go public, raising $100 million through its IPO.Atai's focus is on investing and acquiring psychedelics companies and healthcare companies that are working d...Read More
Less than a month after the start of the April-June 2021 safeguard quota period for imports of steel materials into Europe, the quotas for a number of products have been either completely exhausted or almost filled.And in February this year, the European Commission started an investigation into the possible extension beyond June 30 this year of existing safeguard measures affecting 26 steel produc...Read More
Prices for steel reinforcing bar in the United States have remained stable, with market participants sharing mixed sentiments about the possibility of a looming upswing.Fastmarkets' weekly assessment for steel reinforcing bar (rebar), fob mill US was steady at $41.75 per hundredweight ($835 per short ton) on Wednesday April 21, unchanged since March 10.US marketSome sources continued to hear marke...Read More
Brazilian steelmaker Gerdau will restart operations at its Arauc??ria unit, in the country's southern Paran?? state, after 6.5 years of downtime, the company said on Thursday April 22.Production will resume at a gradual pace, depending on domestic market developments, Gerdau said. Total crude steel capacity at the site is 420,000 tonnes per year, it added in a filing to Brazil's securities and exc...Read More
Vale was authorized by environmental regulators of the southeastern Rio de Janeiro state to maintain activities at its Gua?-ba Island iron ore terminal in Mangaratiba, after the local city hall ordered it to be suspended, the company said on Thursday April 22.Early on Thursday, Vale announced that it had been notified of a temporary stoppage order for the terminal issued by the Mangaratiba municip...Read More
Turkish steel mills continued to book deep-sea scrap for June shipment, supported by strong export demand for rebar, market participants told Fastmarkets on Thursday April 22.A steel mill in the Iskenderun region booked a Venezuelan cargo, consisting of 25,000 tonnes of HMS 1&2 (80:20), at $424.50 per tonne cfr.This compared with the most recent Baltic Sea cargo, which was booked at $427 per tonne...Read More
The price of high-grade 65% Fe iron ore fines looks set to break through the $230-per-tonne-cfr-Qingdao price ceiling amid tight supply of seaborne cargoes and hefty mill margins, industry sources told Fastmarkets. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao stood at $221.90 per tonne on Wednesday April 21, up 12.6% from $197.10 per tonne on April 1. The price spre...Read More
Turkish steel billet prices increased over the past week in line with improving demand for billet and rebar in the export market, sources said on Thursday April 22.Fastmarkets' weekly price assessment for steel billet, domestic, exw Turkey was $590-600 per tonne on Thursday, up from last week's $580-585 per tonne.A steel mill in northern Turkey was heard selling a significant volume of billet to t...Read More
China's domestic rebar prices increased again on Thursday April 22, hitting a new 12-year high following futures gains - although market participants remain unconvinced there will be any further price rises.DomesticEastern China (Shanghai): 5,070-5,100 yuan ($776-780) per tonne, up by 30 yuan per tonne Prices broke the recent record of 5,050-5,090 yuan per tonne achieved on April 6. Rebar futures...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show. Art nailed the call for $65 crude oil when we had him on in early January, but now he says the big move higher in price is probably mostly over, and he doesn't see any reason to expect crude oil prices to rally much higher than $70. And that's despite the fact that Art still predicts a significant decline in U.S. product...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joins me to breakdown the charts for gold, GDX, GDXJ, and silver. All these charts are showing strength but are nearing some strong resistance levels.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing...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
Jeff Christian, managing partner of the CPM Group, explains how spoofing of the markets from financial institutions works, and how it affects the prices of these markets.0:00?EUR< - Silver's fundamentals8:53?EUR< - JPMorgan spoofing18:17?EUR< - Silver inventories are at record levelsJeffrey Christian is the founder of CPM Group, a commodities research, consulting, investment banking and asset mana...Read More
Talking Points From This Episode- Commodity cycle shift.- Gold and silver forecast.- Macro Factors and Stock Markets- US Dollar Index and the 88 levels.Time Stamp References:0:00?EUR< - Intro0:33?EUR< - Charting Style3:23?EUR< - Frothy Equity Markets7:15?EUR< - Rollover into a bear market.10:14?EUR< - S&P Indications13:10?EUR< - Domino's & Risk16:10?EUR< - Interest Rates Long-Term20:00?EUR< - T-Bi...Read More