"It's the 'wallstreetbets' people.?EUR? And they have ganged up, arguably allowed by free speech purposes, to center on a few stocks," said Jim Cramer, referring to the Reddit forum r/wallstreetbets. Continue...Read More
0:00 - Intro0:25 - Steve's energy analysis and precious metals4:19 - Energy supply under a Biden presidency7:19 - Implications of a global "green recovery"13:13 - Green energy push and precious metals demand18:24 - Bitcoin is for speculators, not investors21:16 - How much energy does bitcoin mining need?25:06 - Thoughts on oil, gas and uranium investing31:22 - We're headed towards a "massive corre...Read More
Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals. Listening to a particularly popular "weekly wrap-up" (featuring a gold perma-bull and a certain prominent billionaire's "favorite technical analyst") last Saturday afternoon, I was immediately struck by the reversal in the analyst's so-called "technical picture" fo...Read More
Nomad Royalty Company also provides an update on its royalty and streaming assets. Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX) announced in a news release the preliminary totals of its 2020 gold and silver deliveries and sales from its royalties, streams and loan interests.Deliveries totaled 16,607 gold equivalent (Au eq) ounces in 2020. That breaks down into 217,401 ounces from its silver...Read More
Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador. In a news release, Toronto-based minerals explorer Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) reported that during the course of conducting a MobileMT (MMT) geophysical survey at its Lost Cities Cutucu Project in southeas...Read More
Nomad Royalty Company's newest royalty and the gold project it is on are detailed in a Haywood Capital Markets report. In a Jan. 12 research note, Haywood Capital Markets analyst Kerry Smith reported that Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX) acquired an existing 0.21% net smelter returns (NSR) royalty on Artemis Gold's Blackwater gold project for US$3 million. The total consideration...Read More
Gold seems to be sleeping off itslatest mini-rally and lacks the momentum to reach new highs. What happens fromhere? Has the USD bottomed? And what does it mean when we factor in the EUR/USDpair and poor economic indicators from Europe into the equation?Not much happened yesterday (Jan. 21),but what happened was relatively informative. And by “relatively” I meanliterally just that. Gol...Read More
The Russian government is considering stricter scrap export restrictions to combat rises in prices for finished steel used in the domestic construction sector, Fastmarkets has learned. The Ministry of Industry and Trade of the Russian Federation (Minpromtorg) might further limit scrap exports from the country. New trade remedies, such as quotas or even export bans, could be applied, deputy ministe...Read More
A dozen EU member states have called on the European Commission to extend the safeguard measures on steel imports that are due to expire on June 30 this year, according to a letter seen by Fastmarkets on Tuesday January 26.The letter, dated January 14, was signed by the governments of 12 countries: Italy, Germany, France, Slovakia, Luxembourg, Finland, Hungary, Poland, Spain, the Czech...Read More
Here are five Fastmarkets stories you might have missed on Monday January 25 that are worth another look.The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets' price assessment for lithium hydroxide monohydrate.Liberty Steel Group has completed...Read More
Liberty Steel Group has completed "due diligence" on Thyssenkrupp Steel Europe and submitted a "firmed up" bid for its acquisition based on the results, the UK-based steel company told Fastmarkets on Monday January 25."On Monday January 25, 2021, Liberty Steel submitted a firmed-up bid for Thyssenkrupp Steel Europe based on the results of the comprehensive due diligence process including multiple...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 26 that are worth another look.The Russian government is considering stricter scrap export restrictions to combat rises in prices for finished steel used in the domestic construction sector, Fastmarkets has learned.A global shortage...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 26.Please click...Read More
Ferrous scrap prices in Mexico have held steady or moved up marginally week on week, but market participants indicated that prices may have peaked, noting growing talk of price cuts.Fastmarkets' price assessments edged up in the country's central Baj?-o region. Some market participants reported that consumers applied increases, which had been announced in the week to January 15, to their buying pr...Read More
A dozen EU member states have called on the European Commission to extend the safeguard measures on steel imports that are due to expire on June 30 this year, according to a letter seen by Fastmarkets on Tuesday January 26.The letter, dated January 14, was signed by the governments of 12 countries: Italy, Germany, France, Slovakia, Luxembourg, Finland, Hungary, Poland, Spain, the Czech...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 26 that are worth another look.The Russian government is considering stricter scrap export restrictions to combat rises in prices for finished steel used in the domestic construction sector, Fastmarkets has learned.A global shortage...Read More
The cash price for tin and its benchmark spread are receiving a boost from a short-term lack of supply on the London Metal Exchange, the question is when and how stocks on the exchange will return?The LME cash contract was at $23,120 per tonne on January 26 and traded nearly $300 above its three-month delivery counterpart, which went as high as $22,740 per tonne the same day, with both prices at n...Read More
China's ban on Australian mined copper import and a lingering Peruvian mine disruption have gone against its smelting industry's original ambition to produce more copper, Fastmarkets understands.China has been engaged in an escalating trade row with Australia of late, with Chinese copper smelters and traders verbally ordered to avoid buying Australian copper concentrate in early November 2020. The...Read More
A sharp increase in China's cobalt metal imports last year was a consequence of refineries' efforts to hedge against tightening upstream supply, and trader moves to lock in profits during times of a favorable import arbitrage, market participants told Fastmarkets. And these participants expect imports to remain elevated in 2021.A total of 6,192 tonnes of cobalt metal was shipped to China over the...Read More
Tin and lead's forward prices on the London Metal Exchange continued their advances, with rises of over 1.5% on Tuesday January 26 and tin nearing the $23,000 per tonne mark, supported by falling stocks and a lower dollar index. Tin's price reached yet another new year-to-date high during trading of $22,900 per tonne on Tuesday, nearing the July 9, 2014 intraday high of $22,950 per tonne. The met...Read More