Nickel producer Talon Metals will collaborate with the United Steelworkers trade union (USW) in developing what could be the world's first carbon-negative mine, the Tamarack Nickel Project in the US state of Minnesota, it announced on Thursday July 29.Output from the future mine, co-owned with Rio Tinto, was expected to start by 2026, with initial production at a rate of 18,600 tonnes per year of...Read More
We spoke with Dr. Stephen Grocott, Managing Director and CEO of Queensland Pacific Metals Ltd (ASX: QPM), who is the 100% owner of the Townsville Energy Chemicals Hub ("TECH Project"), located in Townsville, in the newly established Lansdown Eco-Industrial Precinct, intended to be Northern Australia's first environmentally sustainable, advanced manufacturing, processing and technology hub. The TEC...Read More
I don't think I've ever mentioned it, but one of my favorite sectors to trade is biotechnology.The reason is simple: On any given day, this sector has the potential to hand out the biggest, fastest gains of any sector. In fact, three of the market's five biggest gainers today are biotech companies. Source: Barchart.comAnd I can guarantee that this coming Monday one of the market's top five gainer...Read More
Domestic hot-rolled coil prices were stable in Northern Europe on Friday July 30 but fell in Italy, market sources told Fastmarkets.Northern European mills have either been holding back from making new offers or had limited volumes of rolling coil for the end of 2021/first quarter of 2022. Since buyers have reportedly contracted for sufficient tonnages of HRC until the end of the year, they have b...Read More
China's domestic hot-rolled coil prices rose on Friday July 30, while export prices held stable after tax authorities announced the cancellation of more steel export rebates.DomesticEastern China (Shanghai): 6,000-6,010 yuan ($929-930) per tonne, up by 60-80 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,880-5,920 yuan per tonne, up by 160-190 yuan per tonne The most-traded HRC cont...Read More
Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology. The proposed wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices but are instead intended to describe the process more clearly to increase market participants' understanding of how editorial judgment is applied. The changes are not...Read More
Domestic and imported steel beam prices rose in the United States on Thursday July 29 after remaining flat the prior month.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US rose to $63 per hundredweight ($1,260 per short ton) on July 29, up by 5% from $60 per per cwt in May and June and up by 20% from $52.50 per cwt on April 29.Fastmarkets' assessment for steel beams medium se...Read More
Domestic prices for rebar in Poland were stable in week to Friday July 30 amid the seasonal slowdown, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 4,000-4,150 zloty ($1,036-1,075) per tonne on Friday, unchanged week on...Read More
Transaction prices for domestic wire rod in Poland increased in the week to Friday July 30 following higher offers announced by mills the previous week, sources told Fastmarkets.Continuous short supply of the material supported the rising deal prices. Transactions for the domestic material were heard at 4,200-4,250 zloty ($1,088-1,101) per tonne delivered. This was in line with the offer price mil...Read More
Negotiations in the United States' pig iron import market became more active during the week ended Friday July 30, although buyers have insisted on much lower prices than suppliers offered.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $620-635 per tonne on Friday, down by 0.79% from $625-640 per tonne a week...Read More
Brazil's pig iron export market declined in the week ended Friday July 30, in line with lower prices globally, sources said.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was at $560-570 per tonne on Friday, down by 9.24% from $620-625 per tonne a week earlier."Suppliers have no more time to wait because they have availability...Read More
Steel scrap prices started to move downward in major international markets such as Turkey and the US East Coast export sector over the week ended Friday July 30, amid plentiful supply of scrap in some areas but tepid buying interest.Turkey import buy prices drop amid poor long steel salesRising scrap availability on US East Coast depresses export pricesVietnam remains out of import scrap market am...Read More
Slab export prices from Brazil dropped sharply, with new offers and bids affected by low-priced material from Russia and Ukraine.Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $920-930 per tonne on Friday July 30, down from $975-985 per tonne the previous weekMost deals for September shipment to the United States market were closed around...Read More
A surge in raw material prices, principally for direct-reduced iron (DRI), over the week ended Friday July 30 has led to Indian secondary billet prices rising by about 800 rupees ($11) per tonne.Fastmarkets assessed the price of steel billet, domestic, ex-works India, at 43,000-43,200 rupees ($579-582) per tonne on Friday, up by 800 rupees per tonne from last week's assessment at 42,200-42,400 rup...Read More
*The interview begins at 1:46Dr. McCullough has made presentations on the advancement of medicine across the world and has been an invited lecturer at the New York Academy of Sciences, the National Institutes of Health, U.S. Food and Drug Administration (FDA), European Medicines Agency, and the U.S. Congressional Oversight Panel. Dr. McCullough begins the conversation discussing the myths of covid...Read More
The Fed has created monetary heroin and if they even try to ween the addict off of it, it causes all sorts of issues, long-time market watcher Peter Grandich told our Daniela Cambone."It would be hard to expect the U.S. stock market to continue going higher without Chinese and Japanese stocks going higher. It's a canary in the coal mine," Grandich warned.Chinese stocks fell on Friday, rounding off...Read More
The idea being forced on Americans right now is that everyone must be vaccinated, no matter what, even if you've already had the virus and are immune. What the media isn't telling you is that countries like Israel, the UK and Scotland are witnessing massive vaccine failure.Read More
Ohio Senate candidate explains why the left is ramping up attacks on him on 'Tucker Carlson Tonight.' Read More
Dave Kranzler joins us to explain the Fed FOMC meeting and Fed Chairman Jerome Jay Powell's incomprehensible statements after that meeting.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Ch...Read More