Remember "green shoots?"That was the ubiquitous phrase used by White House officials and TV talking heads in 2009 to describe how the U.S. economy was coming back to life after the 2008 global financial crisis.Continue...Read More
Billionaire entrepreneur Mark Cuban joins CNBC's "Squawk Box" to discuss what he's seeing in the markets as investors follow the volatility amid the coronavirus crisis.Mark Cuban is an American business magnate, investor and philanthropist. He is the owner of the National Basketball Association's Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman of the HDTV cable network...Read More
What these Epidemiologists have done to society is beyond belief. Once upon a time, there were buffets with all you could eat, and a Sunday brunch was often the highlight of the week. Continue...Read More
"When people proudly had their Confederate flags they're not talking about racism. They love their flag, it represents the South. They like the South ... I say it's freedom of many things, but it's freedom of speech."Continue...Read More
"We showed that household transmission of SARS-CoV-2 was high if the index patient was 10-19 years of age. In the current mitigation strategy that includes physical distancing, optimizing theContinue...Read More
A major Japanese steelmaker is trying to increase its plate offers for Southeast Asia by $30 per tonne from last month to boost profit margins, a source with knowledge of the matter told Fastmarkets.The mill plans to offer $540-550 per tonne cfr Southeast Asia for October-delivery steel plate, after it received enough orders for September-delivery plate that was offered at $510-520 per tonne cfr S...Read More
Pan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. Continue...Read More
For the first time since September 2016, Silver futures just broke above $20...Continue...Read More
Seaborne iron ore concentrate and pellet prices surged in the week to Friday July 17, inspired by higher prices for mid- and high-grade fines, traders told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $119.24 per tonne, up $6.63 per tonne from $112.61 per tonne a week earlier. 65% Fe blast furnace pellet, cfr Qingdao: $128.28 per tonne, up $8.11 per tonne from...Read More
Here are five Fastmarkets stories you might have missed on Monday July 20 that are worth another look.Steel products output in Ukraine reduced by 4.6% year on year in January-June 2020 to 9.03 million tonnes, according to a report published by national steel union Ukrmetallurgprom on Thursday July 16.Brazilian copper and brass products manufacturer Termomecanica is set to take its internationaliza...Read More
In this week's advisory, sector expert Michael Ballanger reviews the most recent market news, celebrates old-school communication techniques and offers strategies for investing in the dog days of summer. As the month of July moves into its final ten-day stretch, I see NASDAQ records falling left and right as the drivers of fear that dominated in March are now "yesterday's news." Rising second wav...Read More
Subsequently, Troilus Gold plans regional and infill drilling at the property. Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced in a news release the next steps for its Troilus gold project in Quebec and its achievements there over the past few months.The Canadian explorer remains on track to next deliver an updated mineral resource estimate and then, by late September, a preliminary economic...Read More
Lion One Metals reported that it has discovered Tuvatu style lodes at its Banana Creek project located in the South Pacific island nation of Fiji. Current benching from Banana Creek prospectIn a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX), which concentrates its efforts on advancing its wholly owned, high-grade underground Tuvatu Alkaline Gold Project in Fiji, announced "the disco...Read More
X-Terra Resources reported that it has received work authorization permits to continue exploration and drilling at its Grog and Northwest properties in Restigouche County, N.B. In a news release, X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) announced that it has "received all the necessary work authorization permits to continue with its exploration and drilling over the Grog and Nor...Read More
CIS export steel slab prices continued to trend upward in the week to Monday July 20, with some suppliers managing to win deals at higher prices while the general availability of material in the region was low.A large cargo of Ukrainian slab was reported sold to Italy within the range of $405-410 per tonne cfr, which would net back to $385-390 per tonne fob Black Sea. This was $5-10 per tonne high...Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More
Declining raw material costs and continued weak demand have worked in tandem to cause cold-heading quality (CHQ) and high carbon wire rod prices to drop, sources told Fastmarkets. Fastmarkets' assessment for steel wire rod cold-heading quality, ddp settled at $36.50 per hundredweight ($730 per short ton) on Friday July 17, down 5.2% from $38.50 per cwt last month.The cost of steel scrap No1 bushel...Read More
Domestic prices for steel rebar in Russia's Central Federal District around Moscowwidened in the week to Monday July 20, with higher offers from steel mills supported by strong construction sector demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was at 34,000-35,000 roubles ($473-487) per tonne on July 20, includ...Read More
A major Japanese steelmaker is trying to increase its plate offers for Southeast Asia by $30 per tonne from last month to boost profit margins, a source with knowledge of the matter told Fastmarkets.The mill plans to offer $540-550 per tonne cfr Southeast Asia for October-delivery steel plate, after it received enough orders for September-delivery plate that was offered at $510-520 per tonne cfr S...Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More