The base metals on the London Metal Exchange were mainly weaker this morning, Friday January 15, while those on the Shanghai Futures Exchange were mainly firmer in line with the stronger Chinese fundamentals. US President-elect Joe Biden proposed a $1.9 trillion rescue packageUS Federal Reserve chair Jerome Powell said the central bank would not be raising rates anytime soonBase metals Three-month...Read More

Share this article VANCOUVER - Aura Minerals Inc. [ORA-TSX; AURA32-B3] on Friday January 15 released its operational forecasts and said it is planning for a sharp increase in gold production this year.After recently declaring record high production of 204,000 gold equivalent ounces (GEO) in 2020, the company is targeting annual production of between 250,000 and 290,000 GEO in 2021.The cash cost...Read More

In 2012, four entrepreneurs moved to Palo Alto, California, with the hopes of developing a new technology to support small businesses.After surveying 200 owners in the area, the group discovered that the No. 1 problem small businesses faced was handling deliveries.At the same time the group was conducting this research, it stumbled onto another problem. Accustomed to living in a big city where foo...Read More

An overview of the new energy materials markets and their price moves from the past week.Read More

China's domestic battery-grade lithium carbonate prices rose by 5.6% to a 14-month high on Thursday January 14, 2021 on tightening spot supply while battery-grade lithium hydroxide also surged by 10.3% week on week on low availability of cheap materials, Fastmarkets heard.China's battery-grade lithium carbonate price hit a 14-month high on reduced spot supply, with most producers insisting on high...Read More

Fastmarkets is proposing to amend the pricing holiday schedule for its cobalt hydroxide payable indicator.Fastmarkets plans to align the pricing holiday schedule for its cobalt hydroxide payable indicator with public holidays in China instead of those in England and Wales due to the fact that the assessment tracks activity on a cif China basis.The detailed specifications for this assessment are li...Read More

There was no clear trend for South American flat steel import prices in the week to Friday January 15, with clients in no rush to secure new deals yet amid static or slightly higher new offers from all origins.Market participants reported signs of short selling from some traders and lower offers from privately owned mills in China, while the larger producers were trying to maintain or increase pri...Read More

Hot-rolled coil prices in the United States slipped from an all-time high to just under $57 per hundredweight ($1,140 per short ton) on Friday January 15, but remain poised to rebound amid tight supply, Fastmarkets understands.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.92 per cwt ($1,138.40 per ton) on January 15, down by 1.86% from a record high of $58...Read More

Prices for cold-rolled and galvanized steel sheet in the United States leaped after buyer competition for the mills' limited first-quarter spot tonnage became fierce.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US climbed to $63 per hundredweight ($1,260 per hundredweight) on Thursday January 14, up by 7.69% from $58.50 per cwt ($1,170 per ton) on January 7. The assess...Read More

The Indian domestic secondary billet market price fell by 1,300 rupees ($18) per tonne over the week to January 15 following a bigger fall in prices of finished products such as rebar and a consequent drop in inquiries and cautious buying from billet users, sources said.Fastmarkets assessed the price of steel billet domestic, ex-works India at 38,800-39,000 rupees per tonne on 15 January, down by...Read More

The uptrend in Poland's domestic rebar market continued in the week to Friday January 15, with prices moving sharply higher supported by limited supply and increased scrap costs, sources told Fastmarkets.Fastmarkets' weekly price assessment of steel reinforcing bar (rebar), domestic, exw Poland rose to 2,900-3,000 zloty ($775-802) per tonne on Friday, up by 240-300 zloty from 2,660-2,700 zloty per...Read More

Harry talks about Bitcoin and cryptocurrency, his upcoming debate with Michael Terpin and what is in store for the Republican party after the election.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...Read More

Gold's reaction to bad economic data continues to be weakness; the precious metal is down almost 1% on Friday. Peter Hug, global trading director of Kitco Metals said that it is only a matter of time before the metal reverts course.Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust...Read More

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 Steps to Win With Logic.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financia...Read More

Hedgeye CEO Keith McCullough went one-on-one with investor/bestselling author James Rickards to discuss key ideas in his new book, "The New Great Depression: Winners and Losers in a Post-Pandemic World".?>>?Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department o...Read More

Like it or not, our modern way of life remains extremely dependent on oil. And even using the rosiest of forecasts, that's not going to change anytime soon. Which is why petroleum geologist Art Berman's prediction of a 30% spike in oil prices later this year is so worrisome. If it indeed occurs, it will be another painful gut-shot to a global economy still struggling to recover from the damage inf...Read More

1. This morning the major market indexes are starting out a little on the weaker side and selling started to amplify. The trading volumes have picked up which is bearish as witnessed by declining indexes. Russell 2k is pulling back by 1.7%. Nasdaq has rolled over. S&P 500 Spiders down. Volume trends have picked up. Could have something to do with options ex. 100mm shares can be significant. Will t...Read More

The stock market has never been more detached from reality. Just 7 stocks call the shots, 40 percent of the total market cap. They've been the least affected by the pandemic. The other 493 stocks have done nothing. The economy is being destroyed by the lockdowns. Small and medium sized business are 50% of the jobs and 45% of the GDP. And they're the one's hardest hit by poor government policy that...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

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More