Fastmarkets invites feedback on its Taiwan steel scrap price assessment as part of its annual methodology review process, in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which will be open until July 1, 2021, seeks to ensure that our methodology continues to reflect the physical market under the price as...Read More

Brazil-headquartered Minera????o Vale Verde (MVV) completed construction of the Serrote copper-gold project in the northeastern Alagoas state ahead of schedule and expects its first concentrate shipment to be made in November, its parent company Appian Capital Advisory said on Tuesday June 1.The mining company will ramp up production during the second half of the year aiming to ship high-grade cop...Read More

Trafigura has purchased a sizeable amount of rival merchant Cliveden's copper trading book, increasing what was already said to be the world's biggest copper trading book by volume.The relevant parties have been in discussions for weeks on a deal, which was tabled after Zug-based Cliveden contacted trading houses for assistance in financing copper concentrate cargoes, multiple sources confirmed.So...Read More

Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."Not everyone will agree with his assessment of the petroleum, gas and coal sectors, which have powered the world's growth for decades. Nonetheless, the twin goals of supply chain security and sustainability are now driving a t...Read More

Mineral sequestration could be used to develop the world's first-ever carbon-neutral nickel mine, according to the president of Giga Metals Corp, which is developing the Turnagain project in British Columbia, Canada.Martin Vydra said that its Turnagain project is on a path to achieving carbon neutrality without having to purchase carbon credits, according to test results conducted on mineralized m...Read More

Yesterday was Memorial Day - a day of barbecues, beaches, and porch sitting. It is also a United States federal holiday to honor and remember those in the military who lost their lives for this country.Every once in a while, they deserve some consideration because it's not always easy. According to the Pentagon, between 2014 and 2019, the suicide rate for active duty troops rose from 20.4 to 25.9...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 1 that are worth another look.Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."German carmaker Volkswagen will halt...Read More

Domestic prices for hot-rolled coil in the EU increased in the week to Friday May 28, supported by continuing coil shortages and good demand.The mood in the market, however, has changed due to a decline of prices in China.Sentiment in the European coil segment has turned from bullish to mixed, with buyers starting to believe that a recent price correction in China might put an end to the price ris...Read More

Leaders of the Group of Seven (G7) countries have reaffirmed their commitment to fair trade and criticized the use of subsidies that create excess capacity, including in steel and aluminium.In a joint statement issued at the virtual G7 Trade Track meeting on May 28, the governments of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States called for the start of talks to d...Read More

Prices for steel rebar and billet in the United Arab Emirates dropped in the week to Tuesday, June 1, due to uncertainty over long and semi-finished steel values in the global market, sources told Fastmarkets.Global long steel prices feel during the previous week after the Chinese government warned steel producers against high prices.Fastmarkets' weekly price assessment for steel reinforcing bar (...Read More

Commonwealth of Independent States-based (CIS) rebar and wire rod exporters had to revise their prices significantly downward over the assessment week following the drop in prices in the Turkish and Chinese markets, sources said.Stronger state control over speculation in the domestic market in China have sent rebar futures and physical prices down since mid-May. After a proposal from local authori...Read More

The price of steel rebar in Russia's Central Federal District around Moscow was broadly stable in the week to June 1, backed by solid demand from end-users as well as tight availability, sources told Fastmarkets.Severstal was offering June-delivery rebar at 75,000 roubles ($1,022) per tonne, sources said, the same as last week.Several sources said that Tula Steel, another major supplier, was offer...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 1 that are worth another look.Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."German carmaker Volkswagen will halt...Read More

Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."Not everyone will agree with his assessment of the petroleum, gas and coal sectors, which have powered the world's growth for decades. Nonetheless, the twin goals of supply chain security and sustainability are now driving a t...Read More

Turkish steel producers remained quiet in the deep-sea scrap market and instead continued to focus on finished steel, sources told Fastmarkets on Tuesday June 1.The most recent deep-sea trade was done at the end of last week, when a steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $503 per tonne and shredded scrap at $513 per tonne cfr.The US cargo resulted a furth...Read More

Gold's surge to $1,900 an ounce this past month was due largely in part to U.S. dollar weakness, which itself is a function of fiscal spending from the U.S. government as part of Biden's infrastructure bills. The question is, can dollar weakness continue?0:00 - Dollar weakness4:05 - Trading volume6:20 - Gold vs. dollar8:12 - Gold vs inflation10:42 - Silver13:15 - Copper17:20 - Best metal for 2021G...Read More

"What worries me is the inflation side," Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, told CNBC's "Squawk Box" Tuesday. "What I'm seeing suggests it's not simply transitory and the last thing we need is the Fed to slam on the breaks further down the road." Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial...Read More

With prices rising substantially across just about every sector, the most common questions we've been receiving involve Mike Maloney's theory of a potential short-term deflation before big inflation, or even hyperinflation. Watch today's video update to get his latest thoughts. Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking th...Read More

0:00 - Gold vs. U.S. dollar5:20 - Gold vs. inflation12:48 - "Why I'm a Gold Bug"15:48 - "Fireworks": inflation, Basel III19:10 - Gold stocksAlthough the year-on-year inflation data may decline in the next consumer price index (CPI) release given how low the base was last year, the month-on-month increase could spike, triggering gold price rally, said Lobo Tiggre of the Independent Speculator. "Wat...Read More

0:00 Introduction0:45 Expecting a good summer for the precious metals9:05 Newest mining stock idea23:53 Updated thoughts on $USAU30:35 Update on HeliostarDave Kranzler is the editor of the Mining Stock Journal and returns to the program to share his big picture view on the markets as well as his newest mining stock pick. Dave holds an MBA from the University of Chicago with a concentration in acco...Read More