Turkish deep-sea scrap import prices fell sharply with the United States cargo deal announced on Wednesday July 28, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 10,000 tonnes of HMS 1&2 (80:20) at $475 per tonne, 25,000 tonnes of shredded and 15,000 tonnes of bonus at $495 per tonne cfr on July 23.This compares with the previous deep-sea trade recorded...Read More

The spot market for imported scrap into China remained quiet on Wednesday July 28 due to Japanese sellers offering cargoes at prices much higher than buyers' ideas of acceptable price levels, sources told Fastmarkets.Offers from Japan were heard at $600-615 per tonne cfr China on Wednesday. Offers remained strong because South Korean buyers have been paying competitive prices for Japanese heavy sc...Read More

Share this article VANCOUVER - Ethos Gold Corp [ECC-TSXV] shares advanced in active trading Wednesday after the company said it is increasing the size of a previously announced non-brokered private placement of units.The company said it now expects to raise $2.25 million after Crescat Portfolio Management LLC elected to exercise participation rights that were granted by the company under a subsc...Read More

Thomson Resources (ASX: TMZ) is a diversified minerals explorer that holds a diverse portfolio of mineral tenements, across gold, silver and tin, in New South Wales and Queensland. We learned from David Williams, Executive Chairman of Thomson Resources, that their strategy is to create a large precious (silver - gold), base and technology metals (zinc, lead, copper, tin) resource hub in New South...Read More

Domestic prices for heavy steel plate in Italy moved down in the week ended Wednesday July 28 due to lower slab costs and competitive imports, sources have told Fastmarkets.Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?950-970 ($1,122-1,145) per tonne on July 28, down by ?,?15-20 per tonne from ?,?970-985 per tonne on July 21.The assessment was based o...Read More

(Updates prices)July 28 (Reuters) - Copper prices sat near six-week highs onWednesday as investors waited for details from a Federal Reservemeeting that could shift expectations for U.S. monetary policy.Wider markets, meanwhile, calmed after days of turmoilemanating from China, with global stock markets, the dollar andthe yuan steadying.Benchmark copper on the London Metal Exchange (LME)was down 0...Read More

You've never heard of "Linglong One" before... but you soon will.Better known as ACP100, Linglong One is the first advanced small module reactor (SMR) to be approved by the International Atomic Energy Agency, which happened about five years ago.Due to regulatory delays, construction wasn't able to begin until recently. Once completed, the unit will have a generating capacity of 125 megawatts. Wel...Read More

Domestic prices for hot-rolled coil in Europe remained fairly stable on Wednesday July 28 despite slow trading and pressure from cheap import offers to Southern Europe, sources told Fastmarkets.Demand has been weak due to the seasonal summer-holiday slowdown across the EU.In addition, the number of offers from European mills has been limited. Suppliers in Germany were reported to be holding back f...Read More

China's domestic sellers for hot-rolled coil kept prices stable on Wednesday July 28 due to stronger demand and exporters insisted on high offers ahead of the month end, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,880-5,900 yuan ($904-907) per tonne, unchangedThe weather was clear in Zhejiang and Shanghai, so demand and logistics resumed, supporting HRC prices.Demand in parts of J...Read More

Brazilian steel and iron ore producer Companhia Sider??rgica Nacional's (CSN) adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) soared by 324.62% year on year due to higher steel and iron ore prices and sales volumes in the second quarter.In brief Sales of iron ore from CSN's mining division, CSN Minera????o, rose by 17.65% year on year during the quarter, to 9.11 mi...Read More

The Southern European domestic steel rebar market was quiet with largely stable prices, although a slight uptick in Italian demand pushed prices up, Fastmarkets heard on Wednesday July 28.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?760-815 ($897-962) per tonne on Wednesday, compared with ?,?760-810 per tonne one week previously...Read More

Prices for steel hollow sections in Europe remained unchanged on Wednesday July 28 while the market heads into a slower seasonal period, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,653-1,688) per tonne on July 28, unchanged week on week."The holidays are starting in the coming days, many are holding...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 28 that are worth another look.German steelmaker Salzgitter has delivered green strip steel to automotive producer Mercedes-Benz, the company recently announced.The main workers union at Escondida, the world's largest copper mine, has called on its members...Read More

Summer maintenance work at steel mills was continuing across Japan but reduced generation volumes and strong prices paid by South Korea were continuing to support export scrap prices, sources told Fastmarkets on Wednesday July 28.On the lower-grade H2 material, reduced supply has been balanced by continued poor demand from Taiwan and Vietnam, sources said."I feel that the market is not so strong,...Read More

Turkish deep-sea scrap import prices fell sharply with the United States cargo deal announced on Wednesday July 28, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 10,000 tonnes of HMS 1&2 (80:20) at $475 per tonne, 25,000 tonnes of shredded and 15,000 tonnes of bonus at $495 per tonne cfr on July 23.This compares with the previous deep-sea trade recorded...Read More

The Federal Reserve made no explicit mention of tapering anytime soon at this week's FOMC meeting, but monetary tightening could begin in stages as early as 2022, said Danielle DiMartino Booth, CEO of Quill Intelligence. Booth told David Lin, anchor of Kitco News, that interest rates would not have to rise to their historic average of 5.7% for debt payments to become unaffordable for the Treasury....Read More

In an inflationary monetary system-growth forever-on a finite planetary system it equals total destruction. To avoid a financial system collapse, today's guest explains why the world needs assets such as bitcoin, "the only asset that cannot be manipulated." Jeff Booth, the author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future says, "Bitcoin forces a deflationary system."...Read More

Ed Steer joins us to explain the latest in the Silver & Gold markets. The buying in funds is huge right now. What comes next in the market?Ed Steer is the founder of Ed Steer's Gold and Silver Digest and a director at GATA.org.Read More

Welcome to our first Sprott Money Monthly Wrap Up with Craig Hemke. In order for us to continue to bring you great guests including Eric, who will join us when he can, we have changed from a weekly to a monthly wrap up as we launch exciting new changes to the Sprott Money podcast series. Stay tuned. You can submit your questions to [email protected]Visit our website www.sprottmoney.com?EURRead More

"The inflationary juggernaut is going to eventually unwind. The biggest one is a derivatives market with a conservatively estimated value of $2 quadrillion."There is free information and original articles on RickAckerman.com. If you want to become a subscriber on a two week free trial you can sign up at the top of the home page. All you need is an email.Read More