Steel companies ArcelorMittal and Ovako have both begun to offer the first certified "green steel", following increased scrutiny on emissions from customers, the two companies announced separately. ArcelorMittal ArcelorMittal Europe is offering green flat steel products using a system of certificates which are linked to the tonnes of CO2 savings achieved through the company's investment in decarbo...Read More
The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy.But nowhere has this change been as dramatic as the transport industry, w...Read More
The world is awash in debt, an immense, unfathomable ocean of financial obligations. The stack of IOUs is so enormous, the balances so large, they will never be fully settled without dreadful consequences to the global economy. This tsunami of debt was unleashed in 1971, when Nixon ended the backing of the US dollar with gold.Since 1971, US debt and gold price have increased greatly. Traditionally...Read More
If you were not paying attention, Platinum began to rally much higher over the past 3+ days – initiating a new breakout rally and pushing well above the $1250 level. What you may not have noticed with this breakout move is that commodities are hot – and inflation is starting to heat up. What does that mean for investors/traders?Daily Platinum Chart Shows Clear Breakout Tren...Read More
Here are five Fastmarkets stories you might have missed on Monday February 15 that are worth another look.The Gulf Co-operation Council (GCC) believes that a recent increase in the imports of certain steel products could pose a threat to domestic industry, according to a document seen by Fastmarkets, in which the group's Technical Secretariat recommended imposing a safeguard duty on...Read More
Domestic prices for steel hot-rolled coil in Northern Europe started to move up at the end of the week to Friday February 12, supported by good order books at domestic producers and solid demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?720.00 ($872.58) per tonne on Friday, up by ?,?10 per tonne week on week and up by ?,?32 per tonne month o...Read More
Tin's London Metal Exchange three-month price closed 3% higher on Monday February 15 at $24,385 per tonne, while the rest of the base metals prices continued to capitalize on bullish momentum with new year-to-date highs for all metals except for zinc. The tin price extended to $24,895 per tonne around midday, rising by some $1,000 in one hour. The short squeezing has resulted in the highest price...Read More
Tightening availability and rising prices of tungsten scrap and tungsten concentrate have supported the tungsten intermediates price to rise to its highest level in almost two years. Fastmarkets assessed the tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore price at $250-255 per mtu on Friday February 12, unchanged from the previous week's assessment but up almost 9% from the start of...Read More
Here are five Fastmarkets stories you might have missed on Monday February 15 that are worth another look.The Gulf Co-operation Council (GCC) believes that a recent increase in the imports of certain steel products could pose a threat to domestic industry, according to a document seen by Fastmarkets, in which the group's Technical Secretariat recommended imposing a safeguard duty on...Read More
Tin's London Metal Exchange three-month price closed 3% higher on Monday February 15 at $24,385 per tonne, while the rest of the base metals prices continued to capitalize on bullish momentum with new year-to-date highs for all metals except for zinc. The tin price extended to $24,895 per tonne around midday, rising by some $1,000 in one hour. The short squeezing has resulted in the highest price...Read More
Even with Chinese market participants on holiday, base metals prices on the London Metal Exchange have for the most part been bullish on Monday February 15, with the exception of zinc. Major western pre-market equity index futures were stronger. The dollar index was on a back foot while United States 10-year treasury yields were firmer, suggesting risk-on. Base metals The three-month zinc pri...Read More
They're questioning everything...by David Morgan of The Morgan ReportSilver and the Silverbacks | https://www.themorganreport.comWatch this video on Silver and the Silverbacks, then please share with your friends and family on social media and use the caption: Silver and the Silverbacks.Let My Passion Create Your Wealth.I've Been Helping My Subscribers Weather the Current Economic Mess. Now I Inv...Read More
What happens next is all up to the physical buyers...by J. Johnson via JS MinesetGreat and Wonderful Monday Morning Folks, It's our President's Day Holiday for most, yet money rarely sleeps, with April Gold down $2.70 with the trade at $1,820.80 recovering from the low of $1,815.50 with the high at $1,827.10. Silver is not following protocol with the trade at $27.69, up 36.2 cents from t...Read More
It is almost 100% certain that SLV is not even close to being fully backed by silver for which SLV holds title...by Dave Kranzler of Investment Research DynamicsCNBC interviewed Goldman Sachs' Jeff Currie - the head of global commodity research at GS - regarding the potential for the silver market to be squeezed. In the segment Currie made the argument that on the Comex: "the shorts are the ETF...Read More
Is the Cartel prepared to lose its grip on silver in the very near future, or is the Cartel about to bear down on silver with one more shellacking?(by Half Dollar) I like silver more than I like cars and trucks.I'd rather not talk about my silver stack, however, because quite frankly, it's super tiny and very humble, and now that I think about it, by golly, I can't even remember what kind of silve...Read More
Spot zinc treatment charges (TCs) remained stable in mid-February in the run up to the Chinese New Year holidays, with smelter side activity muted in Asia. Fastmarkets assessed the zinc spot concentrate TC, cif China at $70-85 per tonne on Friday February 12, unchanged from January 29 when it dropped to a two-and-a-half-year low. A zinc tender from Dugald River attracted sharp terms, coming i...Read More
Steel companies ArcelorMittal and Ovako have both begun to offer the first certified "green steel", following increased scrutiny on emissions from customers, the two companies announced separately. ArcelorMittal ArcelorMittal Europe is offering green flat steel products using a system of certificates which are linked to the tonnes of CO2 savings achieved through the company's investment in decarbo...Read More
London Metal Exchange base metals maintained their bullish momentum during the morning on Monday February 15, with all except zinc hitting fresh year-to-date highs, despite the absence of Asian and United States trading.Tin rose by 1.5% to hit $24,095 per tonne in early trading, surpassing the 2021 high set on Friday February 12, and up from Friday's closing price of $23,650 per tonne. This follow...Read More
This article was originally published in the February 2021 issue of Rapaport Magazine. To download a PDF of this article, click here. Despite the ravages of the Covid-19 pandemic, China saw improvement in its jewelry market as 2020 drew to a close. This was a welcome outcome for the diamond industry, as China is both a major trade center and a significant consumer buying force in the sector. In 20...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG and decarbonisation. How things change. So while our base case view is that the recession...Read More