The current condition of economic stagflation should morph back into deflation and recession if D.C. doesn't assent to another massive multi-trillion-dollar fiscal spending package very soon. Continue...Read More
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More
Step 1: Destroy nations and displace tens of millions of people.Step 2: Wait for some of those people to hate you and want to fight back.Step 3: Use their desire to fight back as justification to repeat Step 1.Continue...Read More
"Sweden has gone from being the country with the most infections in Europe to the safest one."Continue...Read More
Federal Reserve has spent over a year conducting a review of its monetary policy strategy, tools, and communication process. The review was an academic re-assessment of an Continue...Read More
"This reduced footprint allows us to continue advising and assisting our Iraqi partners in rooting out the final remnants of ISIS in Iraq and ensuring its enduring defeat," McKenzie said. Continue...Read More
Jordan Roy-Byrne joins me today for a focus on the relatively boring gold and silver markets. With the metals and ETFs generally range bound over the past month we look at junior stocks that have faded over this time. We discuss the discrepancy between some stocks that have held up and those that have dropped. Also the stocks that have run up before drill results.Jordan Roy-Byrne, CMT is a Charter...Read More
Equities markets have seen some strong selling activity in the last week due to lingering uncertainties in the economy, said Gary Wagner, editor of TheGoldForecast.com, who is concerned about gold and silver potentially not holding their base at current levels. "We are seeing a recovery, but the recovery is much slower than anticipated," Wagner told Kitco News in an interview Tuesday. "I think wha...Read More
The prices of hollow steel sections in Europe were unchanged this week, despite feedstock costs continuing to rise, market sources told Fastmarkets on Wednesday September 9.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?550-570 ($649-672) per tonne on Wednesday, as it was on September 2.The price of hot-rolled coil (HRC), the feedstock for se...Read More
UrbanGold Minerals plans to expand drilling at its Pallador Main project located in Troilus-Frotet, Quebec, after it identified two new high priority gold soil targets. Ottawa-based precious metals exploration company UrbanGold Minerals Inc. (UGM:TSX.V) announced in a news release, that "it has received a detailed interpretation report of the soil B-horizon sampling completed earlier in the summe...Read More
Dolly Varden Silver begins using a second rig at the project for discovery-focused exploration. In a news release, Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCMKTS) announced it is expanding the current drill program at its Dolly Varden property in northwestern British Columbia."We are prepared to continue exploring through the fall season with the purpose of maximizing the results of our drill...Read More
Peter Krauth profiles three junior mining companies that he believes hold the potential to produce stellar results. So far this year, the S&P 500 is up 6%. Considering the massive challenges we've faced, that's not bad.By comparison, gold has clocked stellar returns. It's up 26% year-to-date.But a small subsector of the gold space has far outpaced even gold's returns.Imagine making 19 times your...Read More
Turkish export prices for steel pipe products have increased over the past month, in line with growing demand and rising raw material costs, sources said on Wednesday September 9.Fastmarkets' monthly price assessment for steel structural pipe, export, S235JR grade, EN10219, 2mm wall thickness, fob main port Turkey, was $575-580 per tonne on Wednesday, up from $555-575 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More
Global tin premiums were stable in the two weeks to Tuesday September 8; a drop in the metal's three-month price on the London Metal Exchange did not drive spot buying, while volatile forward spreads, stagnant demand and supply concerns continued to limit business, Fastmarkets understands.US market sees little evidence of a demand increaseFalling LME price fails to drive European businessImport ar...Read More
Despite broad stability in global zinc premiums this week, and a sharp drop in the metal's three-month price on the London Metal Exchange, an opening of the import arbitrage window for material delivered into China sparked expectations for improved demand in the region. Zinc markets in the United States and Europe were also generally stagnant this week, while a steady recovery in the US econo...Read More
Iranian exporters of steel slab have managed to win deals at higher prices in the recent round of sales, supported by favorable conditions in the Asian market amid growing costs for finished flat steel products.Fastmarkets' weekly price assessment for steel slab, export, fob ports Iran, was $432 per tonne fob on Wednesday September 9, up from $415-425 per tonne.Khouzestan Steel, which is one of th...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 9.Please click...Read More
The three-month price for copper on the London Metal Exchange was the standout performer at the close of trading on Wednesday September 9, settling above nearby resistance on steady afternoon buying, while lead fell by more than 1% over the day to close below nearby support levels.Copper's outright price on the LME closed at $6,734 per tonne on Wednesday afternoon, climbing by a little less than 0...Read More