Nornickel's annual profit fell by 39% in 2020, despite a 15% increase in its revenues compared with 2019, according to financial results issued by the Russian miner on Tuesday February 16.Nornickel posted a net profit of $3.634 billion for 2020, down from $5.966 billion in 2019.Strong commodity prices, especially that for palladium, helped Nornickel end the year with a better bottom line than at m...Read More

The board of Chilean lithium producer Sociedad Quimica y Minera (SQM) has approved the company's investment in the Mount Holland lithium project in Western Australia, it said on Wednesday February 17.The project is a 50/50 joint venture with Australian industrial group Wesfarmers. The project is expected to deliver an initial production capacity of 50,000 tonnes per year of battery-grade lithium h...Read More

Here are five Fastmarkets stories you might have missed on Wednesday February 17 that are worth another look.All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil...Read More

Thyssenkrupp has terminated sale negotiations for its Steel Europe business to Liberty Steel due to different pricing expectations, Fastmarkets heard on Wednesday February 17."We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart. We have therefore decided to end the talks," Dr Klaus Keysberg, chief financial off...Read More

Domestic prices for hot-dipped galvanized coil increased in Europe over the week to Wednesday February 17, supported by a material shortage, sources have told Fastmarkets.The bullish mood in the market might be undermined, however, by weaker demand from the automotive industry, market sources said.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Eur...Read More

Here are five Fastmarkets stories you might have missed on Wednesday February 17 that are worth another look.All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil...Read More

All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil (VLSFO), the company said on Wednesday February 17."Our ambition to have a carbon-neutral fleet by 2050 was a 'moonshot' when we announced it in 2018. Today, we see it as a challenging, yet achievabl...Read More

Prices for steel hollow sections in Europe have moved up this week but with feedstock tightness remaining an issue, market sources told Fastmarkets on Wednesday February 17.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?860-880 per tonne ($1,043-1,067) on Wednesday, up from ?,?850-870 per tonne week on week.The price of hot-rolled coil has on...Read More

Turkish steel mills have preferred to focus on steel and billet sales so far this week, rather than resuming their deep-sea scrap purchases, market sources told Fastmarkets on Wednesday February 17.The mills have stayed away from the deep-sea scrap markets since the end of last week, when two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.The daily scrap in...Read More

With the world embracing renewable energy, nuclear power will see substantially more use in energy grids around the world, and with it, bring up uranium prices and uranium stocks, said Peter Grandich, founder of Peter Grandich & Co.0:00?EUR< - All-in on gold2:21?EUR< - Mining stocks vs gold5:00?EUR< - Gold vs S&P 5008:31?EUR< - Gold vs economic performance10:11?EUR< - Uranium14:22?EUR< - Renewable...Read More

Tom welcomes Ed Steer to the show, Ed writes a weekly subscriber column on the gold and silver markets. He brings us a bombshell overview of what is happening in the metals market.Talking Points From this Episode- Comex metals market activity.- Large short positions and extreme risk.- The suppression scheme is ending.Time Stamp References:0:00?EUR< - Intro0:57?EUR< - Comex Price Spreads2:32?EUR< -...Read More

Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More

Spike in interest rates hit gold and silver hard.First time home buyer credit tucked into stimulus bill will breed fraud and moral hazard.Tesla stock hurt by Bitcoin investment, potentially scaring off other CEOs from following Elon Musk into crypto.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as Pre...Read More

Zuckerberg would be banned from his own platform if he said this on Facebook.com.Continue...Read More

The use of "invisible" tracking tech in emails is now "endemic", according to a messaging service that analyzed its traffic at the BBC's request.Continue...Read More

"It is a mania. I know that word scares people, but it shouldn't," the Bianco Research president told CNBC's "Trading Nation" on Tuesday. "The great thing about a mania is you make a lot of money fast. The hard thing about a mania is getting out with that money."Bianco suggests it's the wrong time to bail on stocks. He believes the market is early in the manic stage, and he draws a comparison to t...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.Read More

"President Biden has said that we'll review the entirety of that relationship to make sure that it advances the interests and is respectable and is respectful of the values that we bring to that partnership," Continue...Read More

Corn and Soybean prices are the highest in 7 years. That has a ripple impact on feeding livestock.Continue...Read More

In his first such public appearance since the campaign, President Biden joined CNN's Anderson Cooper on stage last night in Milwaukee in a Continue...Read More