Three experienced mining leaders give valuable insights into decision-making and seizing opportunities during a global crisis.Faced with the Covid-19 pandemic, mining executives are being forced to take swift action and make tough decisions as prices fall, economies contract and demand in key consuming industries declines. Three leading mining industry executives told Andrea Hotter about their res...Read More
Three-month base metals prices on the London Metal Exchange were firmer this morning, Wednesday August 5, with gains averaging 0.3%.Pre-market major western equity index futures were also in positive territory, while metals and equities in Asian-Pacific markets were mixed.Western markets seem buoyed by hopes for a stimulus package announcement by the United States this week. China's Caixin service...Read More
The cobalt standard grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $14.35-14.80 per lb on Wednesday August 5, 2020....Read More
The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt alloy grade, in-whs Rotterdam at $14.50-14.90 per lb...Read More
The local cobalt futures price in China leapt this week, resulting in higher quotations in the spot market, but weak downstream demand and resistance to rapid price hikes created a disconnect between physical and futures prices. The cobalt price on the Wuxi Stainless Steel Exchange (Wuxi) started to rise quickly at the beginning of this week after consolidating previous gains late in the prior wee...Read More
Royal Helium Ltd. (TSXV: RHC) has over 400,000 acres of prospective helium land in southern Saskatchewan. All of Royal's lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land in close proximity to existing helium producing locations. We learned from Andrew Davidson, who is Founder, President and...Read More
Markets are cyclical by nature.That shouldn't be particularly revealing news to our community, which has witnessed this firsthand in the energy sector over the years.Last April, the brief dip that oil prices took into negative territory as contracts rolled over was about as clear of a bottom as you'll find in history.You can bet that the smart money recognized this for what it truly was: a huge wi...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More
Domestic transaction prices in Italy for heavy steel plate have moved further upward because of rising slab costs, sources told Fastmarkets on Wednesday August 5.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?450-470 ($530-553) per tonne on August 5, up by ?,?5-20 per tonne week on week from ?,?445-450 per tonne.The assessment was based on the la...Read More
Prices for domestic cold-rolled coil in Southern Europe increased over the week to Wednesday August 5, but remained unchanged in the North of the region, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel cold-rolled coil, domestic, exw Southern Europe, was ?,?480-490 ($565-577) per tonne on August 5, up by ?,?10 per tonne week on week from ?,?470-480 per tonne on July 29...Read More
Brazilian steelmaker Gerdau already plans to increase its domestic price for steel rebar by 6-8% in August, chief executive officer Gustavo Werneck told journalists in a press conference on Wednesday August 5.A previous increase of around 10% was already almost fully applied across June and July, according to the CEO. Stronger-than-expected demand from the construction sector and a discount over i...Read More
Hollow steel sections prices in Southern Europe moved up on Wednesday August 5 before the expected market slowdown for the summer, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($636-659) per tonne on Wednesday, unchanged week on week.Italian mills have been increasing their offer prices, even though mos...Read More
The price of steel H-beam prices in Europe were unchanged again on Wednesday August 5 due to the summer holiday period in the continent keeping trading levels low, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?530-560 ($624-659) per tonne on Wednesday, unchanged week on week.Producers have been keen to achieve price increa...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More
Nomi Prins Interview with Patrick Bet-David on Valuetainment. In this virtual sit down, Patrick asks about the Fed, economy, Jekkyl Island, China Vs Russia Relationship and more. Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior stra...Read More
You may have heard about 'that time back in 1980 when the Hunt brothers cornered the silver market - that's why silver went to fifty bucks!' It's quite a common story - but it's just not true. Watch this video from Mike Maloney to get his take on what really happened. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leade...Read More
The authoritarians who have locked this country down ostensibly to fight the outbreak of a coronavirus are not going to let up once a vaccine is ready. Already we are seeing additional qualifiers and contingencies being made that will only serve to prolong their rule-by-decree. A vaccine is not going to end it. Also today: More Americans are saying "no" to any vaccine; CDC Director admits a financ...Read More
TOPICS IN THIS INTERVIEW:-The gold push over $2,000, what's driving the price.-Western central banks, net sellers, Eastern central banks aggressive purchasing program.-As India wakes up, it's like waking a starving elephant.-Thesis for silver upside.-Gold silver ratio closer to long-term average.-Silver being appreciate for monetary components vs. industrial usages.Dave Kranzler spent many years w...Read More
0:00 - Intro0:25 - Is silver more compelling than gold?5:07 - Silver's price potential - US$50 or triple digits?9:14 - The physical market and availability13:49 - Silver majors, mid-tiers or junior miners?16:55 - Gold hasn't outrun itself yet19:47 - What point are we at in the gold cycle?23:31 - OutroThe gold price hit yet another price milestone on August 4, breaking through US$2,000 per ounce fo...Read More
The Turkish steel mills have continued their purchases of deep-sea ferrous scrap at steady prices, while suppliers in Europe were still struggling with the strength of the euro, sources said on Wednesday August 5.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 10,000 tonnes of a mixture of bonus and HMS 1 at an...Read More