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"Dad, someone just FLEW a car into the yard!"Those were the words my son used to wake me up Monday morning. I quickly tossed on a t-shirt and ran outside to make sure nobody was injured. What happened next was something out of a bad action movie.Of course, with my son being eight years old, I didn't take the word "fly" as literally as I should have. I assumed that someone had jumped the curb and p...Read More
Sep 10, 2020 Guest(s): Alex Mashinsky CEO, Celsius Network David Barse Founder & CEO, XOUT Capital In today's macroeconomic environment, investors are looking for both safe haven assets and ways to grow wealth. Two investors, Alex Mashinsky, CEO of Celsius Network, and David Barse, CEO of XOUT Capital, discuss different approaches to achieving those goals.Barse sees value in equities right now,...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
The three-month price of copper on the London Metal Exchange was the poorest performer at the close of trading on Thursday September 10, failing to capitalize on an early-afternoon spike above $6,700 per tonne in a 1.4% daily decline, while continued volatility in global equity markets left investors cautious about commodity exposure.Copper's outright price on the LME closed at $6,668.50 per tonne...Read More
The three-month copper price was the standout underperformer during morning trading on Thursday September 10, after a complex-wide sell-off emerged during the Asian trading session, while LME nickel futures continued to correct firmly below the $15,000-per-tonne threshold. Copper's outright price on the LME was recently seen at $6,637 per tonne, down by more than 1.7% from Wednesday's closing pric...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Wednesday September 9.Key drivers Manganese flake price continued to gain strength, with constant increases since August 21 following higher offers from China. These offers from producers were supported by strong domestic demand and by the rise in value of the yuan against the dollar, which meant that buyer...Read More
Shares in TRQ slumped by 22% on Thursday morning after Rio said a TRQ rights issue would be needed to close the funding gap for its expansion of the Oyu Tolgoi copper mine in Mongolia.Read More
Hebei Steel, China's second-largest steel mill, has finalized its purchase price for September-delivery silico-manganese at 6,330 yuan ($925) per tonne, market participants told Fastmarkets on Thursday September 10.The latest price is 130 yuan per tonne higher than the purchase price of 6,200 yuan per tonne for August-delivery cargoes.The price from Hebei Steel, which is for cargoes delivered to w...Read More
The PGM sector is the industry's biggest employer in South Africa but is facing challenges including unreliable power supply, increased PGM recycling, dwindling Chinese jewellery demand and increased market share by electric vehicles which require no PGMs, the Minerals Council South Africa said."If South Africa is willing to invest in demand for PGMs and encourage investment, this could be of huge...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Wednesday September 9.Key drivers Manganese flake price continued to gain strength, with constant increases since August 21 following higher offers from China. These offers from producers were supported by strong domestic demand and by the rise in value of the yuan against the dollar, which meant that buyer...Read More
The Turkish steel mills took a break from deep-sea scrap purchases after booking a number of cargoes at stronger prices earlier in the week, sources said on Thursday September 10.The steel producers in the country have booked six deep-sea cargoes so far this week, totalling around 200,000 tonnes. This activity was supported by improving demand for billet and long steel products in the...Read More
Brazilian ferrous scrap exports fell both year on year and month on month in August while suppliers shifted their focus to the domestic market, data published this week by the country's ministry of the economy shows.Scrap exports reached 55,377 tonnes in August, a 19.7% year-on-year decrease from 69,000 tonnes in 2019 and a 27.6% drop in comparison with 79,460 tonnes in July of this year.The count...Read More
A rebound in the United States' Nasdaq Composite Index on Wednesday September 9 may have underpinned broader markets, but the base metals were less convinced with most ending the day in negative territory.Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were broadly lower again this morning.Asian-Pacific equities and pre-market major western equity index futures, exclu...Read More
Share this articleMONTREAL - Manganese X Energy Corp. has announced that it has received additional favorable metallurgical results from Kemetco Research Inc. (Kemetco) in the development process that has now demonstrated greater efficiency and improved economics leading to commercialization.The Company completed phase 1 yielding manganese sulphate with a purity exceeding 99.95 per cent with low...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
Domestic prices for hot-rolled coil remained fairly stable day on day in Northern Europe on Thursday September 10, following a substantial increase a day earlier, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.15 ($561.29) per tonne on Thursday, down by just ?,?0.10 per tonne from ?,?476.25 per tonne on Wednesda...Read More
"I don't know."It's a phrase I wish more folks would embrace.Particularly when it comes to COVID.Last week, a colleague of mine asked me if I thought the COVID situation was overblown.How could I possibly know such a thing?I'm not a doctor.I have no experience in data analysis when it comes to infectious disease outbreaks.I barely squeaked out a passing grade in Biology, and it took me three attem...Read More