The price of technical-grade lithium carbonate in China rose for the second time since mid-June this week, amid active trader restocking, thereby improving sentiment in the battery-grade chemicals market, sources told Fastmarkets.Fastmarkets' lithium carbonate 99% Li2CO3 min, technical and industrial grade, spot price range exw domestic China edged up to 79,000-80,000 yuan ($12,189-12,344) per ton...Read More
Prices for flat-rolled steel products imported into South America were down in the week ended Friday July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Fastmarkets' price assessment for steel plate, import, cfr main ports South America, was $990-1,000 per tonne on Friday, down by $20-80 per tonne in...Read More
Last Friday, June 25, for the inaugural trade in our Options Action Fridays series, I recommended you buy a VanEck Vectors Semiconductor ETF (NASDAQ: SMH) July 2021 $260.00 call(s) that expires on July 23, 2021.This trade has played out perfectly for us, and we sold our SMH call for a nice 56% gain in Tuesday's issue. But if you missed that sell alert, you still have a chance to cash out for a nic...Read More
Hot-rolled and cold-rolled coil prices decreased in Turkey during the week ending Friday July 2 before the long holiday starts in the country on July 15, sources told Fastmarkets.July 15 is Democracy Day in Turkey and July 19-24 will be the Ei al-Adha holiday, so market participants expect reduced activity in the second half of July.Low priced sales from Russia to several destinations during the w...Read More
A flurry of low-priced transactions for Russian hot-rolled coil into Vietnam during the week to Friday July 2 has shocked market participants in Asia, causing prices to fall and depress sentiment, sources told Fastmarkets.The deals follow Russia's announcement on June 24 that it would impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union from Aug...Read More
Domestic steel rebar prices in Poland were broadly flat in the week to Friday July 2, with local mills being largely sold out for July rolling and mulling new rises for August, sources have told Fastmarkets.Major domestic rebar producers in Poland were reported to have no July volumes remaining.Demand in the local market continued to be strong, despite rebar prices being at historic highs, driven...Read More
Domestic prices for steel wire rod in Poland have strengthened over the past seven days, supported by good demand and limited supply, sources told Fastmarkets on Friday July 2.Demand for wire rod in Poland was still good in the week to Friday, although the rise in prices put pressure on trading activity. Buyers were struggling to open or maintain credit lines, or to get credit insurance, due to th...Read More
German steelmaker Saarstahl has come one step closer to acquiring Liberty Steel's assets in France, with the parties having signed an "agreement in principle" on Thursday July 1, Fastmarkets has learnt."The signing of an agreement in principle between the Liberty Group and German steelmaker Saarstahl opens the way to a transaction in the summer of 2021," Bruno Le Maire, the French economy and fina...Read More
The pig iron export market in Brazil remained calm in the week to Friday July 2, waiting to see how the global market will react to Russia's plan to impose export duties on a range of metal products.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $620-625 per tonne on Friday, widening upward from $620 per tonne a week before.Offers from the south...Read More
The United States' pig iron import market was muted during the week to Friday July 2 because buyers preferred to wait to see the effects on the market of the announcement of an export duty by Russia.Russia is the largest global pig iron supplier. It intends to impose a temporary export duty on pig iron at the level of 15% but no less than $115 per tonne, to be effective from August 1 until Decembe...Read More
Turkey secured up a fourth deep-sea steel scrap purchase at a discount, compared with its previous three previous cargo buys, in the week to Friday July 2, while activity in other global markets was comparatively subdued.Turkey secured four deep-sea cargoes, from Europe and the United StatesUS exporters kept export prices above $500 per tonne; international mills were forced to compete with the vi...Read More
The availability of significant volumes of lower-priced induction furnace (IF) steel billet in the Philippines import market has led to a cooling of interest in higher-priced blast furnace (BF) billet, sources told Fastmarkets on Friday July 2.IF billet from Thailand was heard sold at $665 per tonne cfr Manila earlier this week, with an offer for Vietnam-origin material heard later at $663 per ton...Read More
Inflation spilling into the labor market.Pressures pushing dollar down and costs up.What does Basel III mean for gold?CNBC pundits are as clueless now as they were in 2006 and 2007.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He freque...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
Digital, state-issued currency is the "inevitable" next step of our economic evolution, says Cameron Chell, executive chairman of CurrencyWorks, who concedes it can be a "scary proposition."Speaking to Michelle Makori, editor-in-chief of Kitco News, Chell said that digital dollars, which fundamentally function differently a dollar that is digital, will eventually be adopted by governments."Ultimat...Read More
Jim Wyckoff, senior analyst of Kitco News, expects more bearishness for gold and silver in the immediate future.After a stronger than expected jobs report, with the economy adding 850,000 nonfarm jobs, higher than the initially expected 700,000, gold climbed higher along with equities.This is Wyckoff's forecast for the remainder of the year.Read More
Questions taken up today: 1.) Is Putin right when he said that, even if Russian forces sunk the HMS Defender, it would not lead to war? 2.) Do Europeans support the Green New Deal, as European Central Bank Chair Lagarde claims? Is it possible to have an honest debate on whether "climate change" is caused by human activities? 3.) Anything new to report on the status of Julian Assange? 4.) Is the 4t...Read More
00:00 Intro00:20 - Silver Supply/Demand dynamics and the current supply crunch.10:12 - Is there any way to replace silver?13:07 - What does investment demand in silver look like currently16:19 - Why the disconnect between the paper and physical silver prices and when will it end?20:15 - How is First Majestic will capitalize on growing silver demand22:57 - Will political hostility further contain s...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More