I'm willing to bet you know someone who recently got pregnant.And if not, you know someone who knows someone who recently got pregnant.How would I know that? Well, it's pretty simple...The combination of months-long lockdowns and disruptions to health services and access to contraceptives during the COVID-19 pandemic has created a perfect storm for new pregnancies.You know how it works: isolated a...Read More
After market feedback, Fastmarkets is extending the consultation period for proposed amendments to its battery-grade lithium carbonate and hydroxide price specifications, to better reflect the emerging norms in battery-grade chemistry.The original consultation, which started on April 22 and can be found here, was originally scheduled to end on May 22, but will now end seven days from the date of t...Read More
Indian mills have achieved a $30 per tonne increase in export prices for hot-rolled coil in the week ended Friday May 22, with international pricing becoming firmer, particularly for Chinese exports.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $420-425 per tonne on May 22, up by $30 per tonne from last week's assessment at $390-395 per tonne."Ther...Read More
Updated (adds COVID-19 news from South Korea) - We have a survival theme of sorts today on INK Ultra Money First, we head to the oil patch where a natural-gas focused junior has made an impressive comeback. Next, we hear an analysis about the state of Europe on Real Vision.For those who missed the premium Raoul Pal interview Monday with Galaxy Digital (GLXY) CEO Michael Novogratz, I provide my...Read More
Domestic prices for hot-rolled coil in Northern Europe decreased day on day on Friday May 22 due to limited trading activity, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?407.50 ($446.75) per tonne on Friday, down by ?,?1.67 per tonne from ?,?409.17 per tonne on Thursday.Friday's index was calculated based on deals and "workabl...Read More
Turkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil increased again in the week to Friday May 22, and buying improved, sources told Fastmarkets.Demand was better compared with previous weeks in both the local and export markets.Some coated coil producers were expecting further price increases because of rising production costs.Scrap prices also went up during the wee...Read More
Trading activity in Poland's domestic rebar markets remained slow this week with buyers pushing for lower prices while producers were reluctant to agree because of increased scrap costs, sources told Fastmarkets on Friday May 22.Buyers were not very active and were postponing their purchases."Demand slowed down a lot this week. Customers expect prices to fall and want to keep stock levels low," on...Read More
China's domestic rebar prices were unchanged on Friday May 22 due to mixed news emerging from a meeting of policymakers in Beijing.Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($500-503) per tonne, unchangedNorthern China (Beijing) - weekly assessment: 3,550-3,600 yuan per tonne, up by 130-140 yuan per tonne Chinese Premier Li Keqiang said in the morning that there would not be a gross...Read More
The market for pig iron exports from southern Brazil went up again in the week to Friday May 22 amid new sales to China.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $290-295 per tonne on Friday, up by $10 per tonne from $280-285 per tonne a week earlier.Read More
By Jordan Roy-ByrneThe precious metals sector may have begun a correction on Wednesday. The miners (GDX, GDXJ) sold off after reaching significant resistance levels while the metals are trading just below significant resistance levels. We mentioned these targets in our article last week.GDXJ has pulled back a bit after testing 7-year resistance while GDX has pulled back after hitting a key piv...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort295,39443,60639,245133,715423,889468,354506,740Change from Prior Reporting Period 17,6238,6634,0877,69219,33329,40232,083Traders22060846060318172 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,85121,465528,205 2,064-61731,466 non reportable positionsChange from t...Read More
The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March's stock-panic lows. They've already more than doubled in the couple months since! Their just-released Q1'20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns ar...Read More
By Richard (Rick) Mills"There is a Chinese curse which says 'May he live in interesting times.' Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history." - President John F. Kennedy, in a speech in Cape Town, South Africa, in 1966 JFK's "Chinese curse" meme seems appropriate...Read More
By: Ira EpsteinAbbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..Read More
Miners and processors considering production cuts cannot ignore safety or care and maintenance, including of associated asset infrastructure, the former chief executive officer of Anglo American said.Cynthia Carroll told Fastmarkets during a webinar interview that taking the decision to curtail output in deteriorating demand and pricing environments such as those being seen during the Covid-19 pan...Read More
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 5.22.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More
The metals and mining industry will need to make permanent, fundamental changes to the way it operates as a result of the Covid-19 pandemic, the former chief executive of Anglo American told Fastmarkets.Speaking during a webinar interview this week, Cynthia Carroll, who led Anglo American from 2007 until 2013, said this is in stark contrast to the way the sector got back to business in the afterma...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More