China lithium producer Ganfeng Lithium is acquiring a 50% stake in a special purpose company that owns the Goulamina hard-rock mine in Mali for $130 million, the company said on Tuesday June 15.Australia-listed Firefinch, Goulamina's current license holder, will hold the remaining 50% stake of the company that Firefinch plans to set up. Mali's government can take 10% of the equity, free of charge,...Read More
Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More
Market participants in Europe expect domestic prices for hot-rolled coil in the region to remain fairly stable in the short term due to an ongoing shortage of material, sources told Fastmarkets on Tuesday June 15.Trading activity has been slow in June, with buyers preferring to hold back from making new deals and accepting current mill prices if they need to restock specific material or if they ha...Read More
Most prices for flat steel imported into the United Arab Emirates and Saudi Arabia increased during the week ended Tuesday June 15, with several deals heard, sources have told Fastmarkets.Demand was moderate in the region for flat steel products but the new deals were expected because most users have low stock levels, the sources added.Saudi ArabiaHot-rolled coil was offered at $1,000 per tonne cf...Read More
The current stock market is running on meme's and crypto. Here is a meme about meme stocks. It's so meta.Bitcoin has run from $10,000 to $64,000 and is back down to $39,000 today. I first recommended Bitcoin at $449.00 back in 2017 in The Bull & Bust Report and my readers took some massive profits along the way.And not to brag, but as luck would have it, I had recommended AMC in my trading service...Read More
Some steel rebar and billet prices in the United Arab Emirates decreased during the week ended Tuesday June 15, although demand was better because of low stock levels, sources have told Fastmarkets.Local rebar producers kept their prices unchanged during the week, but gave some discounts.Domestic rebarThe country's biggest producer, Emirates Steel, was offering rebar at 3,067 dirhams ($835) per to...Read More
Alongside Fastmarkets' annual global ranking of steelmakers by crude steel output in 2020, our correspondents around the world review developments in their regional steel sectors.The year 2020 will forever be remembered as the one in which the Covid-19 pandemic spread globally, impacting every area of life and business. The world's steel industry was no exception, with many of the largest steelmak...Read More
Export wire rod prices from the Commonwealth of Independent States changed in a variety of ways in the week to Monday June 14 with the trading situation being different from market to market.Ukraine still has a significant quota volume available for second-quarterimports into Europe (27.52% or 69,502 tonnes remaining), and one supplier from the country offered material at $860-870 per tonne fob Bl...Read More
Ferrous scrap prices in Mexico continued to rise across nearly all grades in the week ended Friday June 11, with most consumers struggling to secure volumes.Both the obsolete and prime grades are in heavy demanded, with the market outlook for most steel products positive.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 11,200 pesos ($566)...Read More
Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey a...Read More
Turkish steel mills have booked two new deep-sea cargoes at prices that continue the recent downward trend, sources told Fastmarkets on Tuesday June 15.Two US cargoes were heard on Tuesday, and were heard to be of similar composition.A mill in the Marmara region bought the two US cargoes, consisting of unknown tonnages of HMS 1&2 (80:20) at $500 and $501 per tonne, plus shredded and bonus material...Read More
Some steel rebar and billet prices in the United Arab Emirates decreased during the week ended Tuesday June 15, although demand was better because of low stock levels, sources have told Fastmarkets.Local rebar producers kept their prices unchanged during the week, but gave some discounts.Domestic rebarThe country's biggest producer, Emirates Steel, was offering rebar at 3,067 dirhams ($835) per to...Read More
Alongside Fastmarkets' annual global ranking of steelmakers by crude steel output in 2020, our correspondents around the world review developments in their regional steel sectors.The year 2020 will forever be remembered as the one in which the Covid-19 pandemic spread globally, impacting every area of life and business. The world's steel industry was no exception, with many of the largest steelmak...Read More
The prices of the things we need to live - food, fuel, housing...pretty much EVERYTHING have suddenly exploded higher this year. After decades of relative price stability, are we about to see the return of crushing inflation like we suffered through in the 1970s? We invited Lacy Hunt, one of the world's top experts on the inflation/deflation debate to speak at the recent Wealthion conference held...Read More
Join Mike Maloney and Jeff Clark as they investigate the potential returns of silver, measured against the stock market. There's also some great information on a massive divergence in the housing market, along with a chart of the day and some wonderful viewer feedback. Enjoy. Link to Jeff's article: https://goldsilver.com/blog/the-comin...Download Mike's best-selling book for free here: https://pa...Read More
***Not Financial Advice***I would love to hear feedback in regards to what type of subscription service(s) that you think I should create!Follow me on Twitter for up to the minute charts, analysis and commentary -twitter.com/aaronbasile. DM for trader coaching/educationFollow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/aaronbasile/videosWebsite: http...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently Money a...Read More
Instead of engaging the leaders of Russia and China in a serious deliberation on what to do about the multiplicity of crises affecting the world, the G7 and NATO leaders put forward a series of unserious, if not downright lunatic proposals, during their confabs over the last days. Their proposals for global infrastructure and battling the COVID pandemic were not serious, but instead would continue...Read More
Chris Vermeulen, founder of Technical Traders Ltd, joins us on Metal Money as we discuss how the bullish triangle pattern in silver now mirrors 2009 before the breakout to the 2011 silver price peak.Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7...Read More
In this 20-minute MAMChat, Matterhorn Asset Management principals Egon von Greyerz and Matthew Piepenburg address the current and ever-evolving inflation narrative as well as its inter-relationship with interest rates. This relationship has a direct impact upon gold pricing in a global backdrop of rising and unsustainable debt levels. Matt begins with a brief "translation" of Yellen's most recent...Read More