Hot-briquetted iron and ferrous scrap will become increasingly important as key steelmaking raw materials in Japan, according to SMBC Nikko Securities' senior analyst Atsushi Yamaguchi.Speaking at the Asia panel session at Steel Success Strategies 2021 on Wednesday June 23, Yamaguchi said the move will happen because of increasing concerns over carbon emissions in Japan, where major steel producer...Read More
Consolidation has set in across the base metals on the London Metal Exchange this morning, Thursday June 24, while in Shanghai, moves were mixed in response to the combination of yesterday's strength and this morning's weakness on the LME.Broader markets also mixed this morning, suggesting that markets are waiting for directionBase metalsLME three-month base metals prices were down across the boar...Read More
Much greater investment is needed to expand supply chains to secure critical minerals and expand manufacturing in key materials needed for the energy transition, according to the Acting Undersecretary for Science and Energy at the United States Department of Energy.These investments must ensure sustainable production, refining, and recycling capacity domestically, while ensuring strong environment...Read More
"It's tough to make predictions, especially about the future." - Yogi BerraDear Reader:On March 13, 2020, I issued what I considered a "generational" buy alert on the stock market. It would turn out to be the call of my and my crack team of market visionaries' careers.Many of the stocks we recommended right before the nationwide lockdowns began have gone hyperbolic.That's because we had a specific...Read More
The continuing upward trend in global standard-grade cobalt benchmark prices is inspiring optimistic sentiment across the market and supporting domestic cobalt sulfate and tetroxide prices in China, sources told Fastmarkets this week.Renewed demand in Europe since the middle of June led to an increases in international cobalt benchmark prices and has revived bullish sentiment, leading to a new rou...Read More
With leading car makers eyeing extra silicon in electric vehicle (EV) batteries, a Canadian company claims to be getting close to making that commercially viable with its breakthrough process.HPQ Silicon Resources Inc, of Montreal said on Tuesday June 22 it had solidified its position with a C$4.4 million ($3.58 million) equity increase, while it nears the testing phase of its patent-pending proce...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More
Domestic prices for hot-dipped galvanized coil in Europe increased in the week to Wednesday June 23, supported by tight supplies and good demand, sources told Fastmarkets.European producers have full order books, with those in Northern Europe said to be sold out of 2021 rolling HDG, while Italian and Central European mills were still able to offer limited volumes for shipment in the fourth quarter...Read More
European hot-rolled coil prices pushed up on Thursday June 24, despite limited trading, supported by ongoing shortages and with ArcelorMittal again raising its offer prices just a month after its previous increases.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,190.87 ($1,421.20) per tonne on Thursday, up by ?,?5.83 from ?,?1,185.04 per tonne o...Read More
Domestic steel reinforcing bar prices in the United States stabilized after last week's spike, while import prices continue to climb.Fastmarkets' weekly assessment for steel reinforcing bar, fob mill US was $48 per hundredweight ($960 per short ton) on Wednesday June 23, unchanged from the previous week, but up 11.63% from $43 the month before.US marketAlthough the cost of rebar stabilized this we...Read More
A group of Ukrainian parliamentarians have proposed a tax on excess profits from the export of commodities including iron ore, non-ferrous metals, ferrous scrap and rebar, Fastmarkets learned on Thursday June 24.A set of draft laws published on June 16 suggests changes to the country's tax, customs and budgetary codes, according to a note published by Verkhovna Rada, the Ukraine parliament. These...Read More
Steel wire rod prices in Northern Europe were broadly stable in the week to Wednesday, June 23, supported by persistent shortages, with market participants expecting a return to the previous upward trend in July.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?870-900 ($1,038-1,074) per tonne on Wednesday, narrowing up from ?,?860-...Read More
Dr. Kory just bared it all on Joe Rogan. But there's more from this world famous doctor...What tips can increase your odds of surviving your next trip to the hospital? And will Vitamin C be the next banned topic? Get 40 minutes here, then come to our site www.PeakProsperity.com for the rest.Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecas...Read More
Much greater investment is needed to expand supply chains to secure critical minerals and expand manufacturing in key materials needed for the energy transition, according to the Acting Undersecretary for Science and Energy at the United States Department of Energy.These investments must ensure sustainable production, refining, and recycling capacity domestically, while ensuring strong environment...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show. Daniel says inflation is coming, but he doesn't worry about it running away or becoming a major economic challenge. They also explore Daniel's thoughts on both cryptocurrency and sovereign digital currency, and much more.Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom...Read More
Let's talk about the banking system, the Fed is positioning for the end, the end of the wealth transfer. Be prepared for big inflation, it's going to be really noticeable and it's not going to be transitory. It could very well push us into hyperinflation. The only difference between inflation and hyperinflation is the speed of the inflation.To see Lynette's slides and research links from this vide...Read More
The 'Great Reset' is coming - but what is it? What role will the 'SDR' play? What does it entail for holders of precious metals? Join Mike Maloney, Mr Jeff Clark and Adam Taggart as they discuss the latest news from around the world. Viewer feedback, Chart of the Day and a Tweet of the Day are all featured in today's bumper update. Enjoy.Download Mike's best-selling book for free here: https://pag...Read More
"It's all about submission."Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal ad...Read More
00:00 Intro00:21 - The MSA Process3:51 - Vulnerability/weakness ahead for Stocks13:50 - The Fed will lose its grip on stocks19:28 - Commodities will finally diverge from stocks?22:10 - We are headed for a crisis26:30 - Look to commodities30:07 - Bitcoin37:33 - Where to learn moreJ. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's Internation...Read More
00:00- Intro01:00- Technical Analysis of Gold05:57- Technical Analysis of Silver07:22- Gold - Silver Ratio08:21- Technical Analysis of Bitcoin10:36- Stock Market Overview15:38- Diversify Your Portfolio17:31- China Stock Market Charts19:29- Fundamental vs Technical Analysis21:46- Parting thoughtsGareth Soloway is a professional trader and the President, CEO, & Chief Market Strategist for InTheMoney...Read More