Turkish steelmakers resumed their deep-sea scrap purchases to refresh stocks after some fresh finished steel sales were concluded, market participants told Fastmarkets on Tuesday June 8.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $501 per tonne and bonus at $511 per tonne cfr. The cargo breakdown was not clear at the time of publication.This was the...Read More

Prices for steel scrap imported into China were unchanged on Tuesday June 8 amid scarce spot market activity.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $510-530 per tonne on Tuesday, unchanged from a day earlier.No new bids were heard on Tuesday, with the latest bid coming in on Mond...Read More

With the exception of tin that was perched just below recent multi-year highs and aluminium that was little changed, base metals prices on the London Metal Exchange were weaker this morning, Tuesday June 8. Markets quiet but mixed, waiting for fresh directionUS Dollar Index edging higher and US 10-year treasuries driftingBase metalsLME three-month base metals prices were mixed; tin was up by 1% at...Read More

Share this article VANCOUVER - Azincourt Energy Corp. [AAZ-TSXV; AZURF-OTC] on Tuesday June 8 said anomalous and elevated uranium levels have been encountered at the company's East Preston uranium project in the western Athabasca Basin in northern Saskatchewan.The company said the elevated uranium levels were reported in three of five holes completed in a drill program that was cut short due to a...Read More

The United States government has published a sweeping review of US supply chains, proposing measures to increase domestic production of a number of key minerals and products. These measures include a proposed tariff on neodymium magnet imports.In February 2021, recently inaugurated US President Joe Biden indicated that there would be a government review of the resilience of critical minerals suppl...Read More

Here at Energy and Capital, I belong to the church of what makes you money. Oftentimes that is cutting-edge technology, but sometimes the setup in cyclicals is too good to pass up.Right now we are getting just such a setup in midtier oil companies.Check out this chart for the SPDR S&P Oil & Gas Exploration & Production ETF (XOP):As you can see, XOP has doubled over the last year but is still well...Read More

Until the second quarter of 2022...That's how long Gartner analysts predict the current semiconductor shortage will last. Taiwanese PC and laptop maker Acer's Co-Chief Operating Officer Tiffany Huang predicted the same in an interview with Guardian Australia. Meanwhile, CNBC reports, "Glenn O'Donnell, a vice president research director at advisory firm Forrester, believes the shortage could last...Read More

Domestic prices for hot-rolled coil were mostly stable across Europe on Tuesday June 8, on support from a continuing shortage of material, sources told Fastmarkets.The availability of domestic HRC has remained tight but lead times are no longer being extended, sources told Fastmarkets.Buyers have also been cautious about making new deals in fear of being left with stocks of high-priced coil if pri...Read More

The export prices of hot-rolled coil from the Commonwealth of Independent States fell during the week to Monday June 7 on new sales and uncertainty in the global market due to a lack of clarity on the imposition of an export tax on steel in China, sources said.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $995-1,020 per tonne on June 7, down from $1...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.United States sheet prices hit record highs again in May, with upward momentum carrying into June. Actual US HRC prices averaged $1,712 per tonne in May, largely in line with our forecast of $1,698 per tonne. Strong underlying supply-and-demand conditions both in the US and globally are supporting prices as well as long lead...Read More

Buyers of steel rebar and billet in the United Arab Emirates preferred to wait before placing new orders because of uncertainty about prices during the week ended Tuesday June 8, sources have told Fastmarkets.Local rebar producers were expected to announce new prices next week.Local retail prices for rebar were currently lower than those offered by local producers. In any case, most buyers have hi...Read More

The current upward momentum in pricing in the steel market should continue in the third quarter with support from short supply and solid demand, buoying an already optimistic market, the International Rebar Producers & Exporters Association (Irepas) said on June 4.EuropeRebar prices reached new highs during the second quarter of 2021 on support from long lead times, strong demand and limited impor...Read More

Export offers for Chinese rebar to South Korea have strengthened in the past week on expectations of good demand from the East Asian country.Offers for Chinese rebar produced according to South Korean standards were made at $900 per tonne cfr South Korea on a theoretical weight basis during the week, narrowing upward by $20 per tonne from $880-900 per tonne cfr in the preceding week.Participants i...Read More

Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More

Anthony Fauci is on record in 2012 as saying that the value of knowledge gained from creating a pandemic virus that escapes from a lab would be worth the risk. Now that it seems highly probable that a lab escape did happen, the virologists who met with Fauci in the early moments of the crisis to discuss - well, we don't know what - are now supporting a wall of "It Was of Natural Origin!" articles...Read More

WARNING: Profanity!Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or c...Read More

For some time we've been talking about the inevitable arrival of a particular investor to the gold market. Well, they're here. Who are they? Watch today's update with Mike Maloney and Jeff Clark to find out.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in the...Read More

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 Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denve...Read More

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More

***Not Financial Advice***Follow me on Twitter for up to the minute charts, analysis and commentary -twitter.com/aaronbasile. DM for trader coaching/education.Follow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/aaronbasile/videosWebsite: https://aaronbasile.wordpress.com Read More