I seriously doubt that we will ever be able to voteContinue...Read More

Pelosi's frantic rush to impeach a president who has 10 days left is absurd. When people were pleading for help and the Black Lives Matter/Antifa groups were burning down buildings and looting, Pelosi had no problem allowing that to happen. This frantic rush is to be able to claim that any evidence that comes out is fake and in retaliation for her impeachment. Perhaps she should look at her polls....Read More

The US ferrous scrap market has mostly settled for January, with market participants hinting that while tight No1 busheling may see continued upside in February, shredded scrap has become plentiful and has likely peaked.Detroit kicked off trading on Wednesday January 6, while activity in the Chicago market dragged into Monday January 11.Fastmarkets' assessments of the consumer buying prices f...Read More

Tim Pool weighs in on the massive infringements on freedom taking place as 2021 kicked off with a bang. Read More

"It is expected that there may be requirements from other countries to present vaccine documentation upon entry. A Danish vaccine passport can be used here," Continue...Read More

Turkish auto bundle scrap prices have gone down slightly over the past week in line with the strengthening of the country's lira against the US dollar, market sources said on Monday January 11.Domestic prices for long steel products and, therefore, auto bundle scrap in Turkey typically decrease in line with the stronger lira because mills buy most of their raw materials in dollars and sell their f...Read More

Sector expert Michael Ballanger ruminates on how the storming of the U.S. Capitol has affected both the American reputation and the precious metals markets, as well as on the value of "value." The events of this week are dominating the news cycle, with a sitting president days away from being replaced while Congressional and Senatorial leaders debate whether he should be impeached immediately. If...Read More

Ely Gold Royalties reported it finalized the purchase of a 1% net smelter returns royalty on the Lincoln Hill Property in Nevada, raising its NSR stake in the property operated by Coeur Mining to 2%. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced in a news release that it has completed the acquisition of 100% of all rights and interests to a 1% net smelter returns royalty (NS...Read More

Iron ore prices mostly declined on Monday January 11 along with futures, however, high-grade fines performed well due to tight supply, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.13 per tonne,down $0.93 per tonne62% Fe low-alumina fines, cfr Qingdao: $172.25 per tonne,down $1.08 per tonne58% Fe fines high-grade premium, cfr Qingdao: $157.87 per tonne,down...Read More

2021 started off well for gold. It’s not surprising, as January is usually positive for the yellow metal, but the Georgia runoff results may constitute an additional bullish factor in the longer term.What a start to the new year! Gold has begun 2021 very well : as the chart below shows, the price of the yellow metal (London A.M. Fix) increased from $1,891 on December 31, 2020 to $1,947 on Ja...Read More

If you follow our research, you already know my research team and I have authored multiple articles related to how Metals and Miners are poised for a big rally in 2021 and beyond.  But do you understand what this means for other market sectors and assets?  Are you ready for one of the most dynamic investing environments we’ve seen since 1945 or earlier? Gold and Miners are showing...Read More

Ford Motor Co announced that it will cease manufacturing activities in Brazil following "years of significant losses" and idle capacity exacerbated by the Covid-19 pandemic.The automaker said on Monday January 11 that it will stop operating three plants in the country - one in Ca??amari city, in northeastern Bahia state; one in Taubat?(C) city, in southeastern S??o Paulo state; and a third one in...Read More

Turkey's Ministry of Trade announced on Saturday January 9 the initiation of an anti-dumping investigation into imports of hot-rolled flat steel from the European Union and South Korea.The products under investigation are under HS codes 7208.10.00, 7208.25.00, 7208.26.00, 7208.27.00, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.00, 7208.40.00, 7208.52.10, 7208.52.99, 7208.53.10, 7208.53.90, 7208.54...Read More

Here are five Fastmarkets stories you might have missed on Monday January 11 that are worth another look.Brazilian flat steel producers have applied price increases of around 15% on sales to distributors, motivated by high raw materials costs and sustained higher steel prices globally.Read More

The US ferrous scrap market has mostly settled for January, with market participants hinting that while tight No1 busheling may see continued upside in February, shredded scrap has become plentiful and has likely peaked.Detroit kicked off trading on Wednesday January 6, while activity in the Chicago market dragged into Monday January 11.Fastmarkets' assessments of the consumer buying prices f...Read More

Prices for domestic steel hot-rolled coil increased slightly in Northern Europe in the week to Friday January 8, with ArcelorMittal pushing its offer prices further upward.Market sources expected that domestic prices would continue to rise through January with buyers facing continuing supply shortages.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?...Read More

Brazilian flat steel producers have applied price increases of around 15% on sales to distributors, motivated by high raw materials costs and sustained higher steel prices globally. The increase is in addition to the 10% rise in prices applied in December by most steelmakers.Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil was 5,080-5,10...Read More

Here are five Fastmarkets stories you might have missed on Monday January 11 that are worth another look.Brazilian flat steel producers have applied price increases of around 15% on sales to distributors, motivated by high raw materials costs and sustained higher steel prices globally.Read More

China's regulatory reboot to again become a major steel scrap importer is likely to cause supply problems for other consumers of Japanese material, market participants have told Fastmarkets.The first deals signed by Chinese companies after rules changed on December 31 to officially allow the restart of scrap imports to China have all been for vessels of Japanese material.If this continues, China's...Read More

Waiting times for aluminium at Istim warehouses in Port Klang, Malaysia, fell to just 20 days at the end of December, according to the London Metal Exchange's latest queue report.This is down from 30 days at the end of November and 71 days at the end of October.There was a queue for aluminium at Istim warehouses in Port Klang every month in 2020.The queues originally built up due a series of...Read More