Copper rallied to an almost 10-year high on the London Metal Exchange, rising to US$9,187 per tonne in early trading, the highest point since September 1, 2011, Marex Spectron's Anna Stablum said.It closed up 2.08% to $9,132.50/t.Nickel also touched $20,010/t, a level last seen in May 2014, Stablum said, before closing down 0.55% to $19,457.25/t.Meanwhile the gold price rose back above $1,800 an o...Read More

Norilsk blamed the accident, which occurred at one of its plants in Arctic Siberia 4.Read More

Here are five Fastmarkets stories you might have missed on Monday February 22 that are worth another look.China allowed five cargoes of Australian coking coal to be unloaded last week after a wait of several months, industry sources told Fastmarkets on February 22.The year...Read More

The year 2021 will be a turning point for network readiness and availability of 5G telecommunications after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.More 5G smartphones, wearables and other consumer electronics have reached the mainstream market, while the increase in remote working practices that has resulted from lockdown measures continues to undersco...Read More

Turkish steel scrap prices continued to rise on news of another cargo from the US on Monday February 22, which also led to a knock-on increase in finished steel and billet prices, sources told Fastmarkets. A steel producer in the northern Turkey booked a US cargo, comprising shredded at $440 per tonne and bonus at $445 per tonne cfr on Saturday February 20. The cargo composition has not yet been s...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up significantly across the board this morning, Monday February 22, with all base metals on the LME setting fresh multi- month or year highs.Relief that vaccine programmes are being rolled out across many countries to underpin economic recovery, along with the knowledge that past and future stimulus packages will be...Read More

Chile's Corfo on Friday February 19 filed an arbitration process with the International Chamber of Commerce against United States-based lithium miner Albemarle for allegedly underpaying royalties on its lithium sales, Corfo confirmed to Fastmarkets on Monday February 22.Corfo is Chile's state agency in charge of handling lithium contracts.Albemarle operates a lithium production facility in the lit...Read More

More than 100 years ago, this equation saved the world:And it might do it again!What we're looking at is the equation for the Haber-Bosch process.To the layman, this equation is little more than a string of letters and numbers. But without it, there's a good chance neither you nor I would exist today. It's quite likely that without this equation, neither of us would have been born.That's because w...Read More

Domestic prices for steel hot-rolled coil in Northern Europe increased over the week to Friday February 19, supported by good order books at domestic producers and solid demand.Prices in the South of the region, in the meantime, were stable over the same period.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?723.75 ($877.00) per tonne on February...Read More

Is everything a bubble? We have the verdict from Real Vision. Perhaps a more immediate concern is whether the traditional financial institution is at risk of going the way of the music CD.Will traditional banking end up like the CD?While we wait for the bubble and CD risk issues to play out, the market structure is changing and not in a good way for fundamental investors. That and more in this wee...Read More

Here are five Fastmarkets stories you might have missed on Monday February 22 that are worth another look.China allowed five cargoes of Australian coking coal to be unloaded last week after a wait of several months, industry sources told Fastmarkets on February 22.The year...Read More

Buying activity in the domestic steel rebar market in Russia's Central Federal District around Moscow was close to nil in the week to Monday February 22, due to bad weather conditions, Fastmarkets has heard.Official offer prices from major suppliers to the region were unchanged, but sources were expecting a downward correction soon.Snowstorms in the region over the assessment week put construction...Read More

Crude steel production in Italy inched higher year on year in January, while output in the long-steel sector registered a larger increase than that of the flat-steel sector, Italian steel association Federacciai said on Friday February 19. Italian crude steel production totaled 1.89 million tonnes in January, up by 0.7% from 1.88 million tonnes in the corresponding month last year. Long steel outp...Read More

Here are five Fastmarkets stories you might have missed on Monday February 22 that are worth another look.China allowed five cargoes of Australian coking coal to be unloaded last week after a wait of several months, industry sources told Fastmarkets on February 22.The year...Read More

Turkish steel scrap prices continued to rise on news of another cargo from the US on Monday February 22, which also led to a knock-on increase in finished steel and billet prices, sources told Fastmarkets. A steel producer in the northern Turkey booked a US cargo, comprising shredded at $440 per tonne and bonus at $445 per tonne cfr on Saturday February 20. The cargo composition has not yet been s...Read More

Where does the silver price go from here? "We're in the process of a short squeeze right now, even though it's not showing up in the price," Vince Lanci shares with DanielaCambone. "There are serious shorts in the silver market. This is not done."Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm...Read More

Famed hedge fund investor Michael Burry puts out a serious warning for increased inflation and perhaps hyperinflation.If he's right, kiss low interest rates goodbye. And think what that will do to real estate values.The next few years are going to be extremely difficult.Watch the 10 year Treasury. If it keeps going up it's game over.Even in the absence of runaway inflation, this seems like the top...Read More

Martin Armstrong answers your questions. Have a question to ask? Email us at [email protected]Martin Armstrong is a world renown economist and the creator of the Economic Confidence Model. He is the founder of Armstrong Economics - a public service and blog for the average person to comprehend the global economy and for professionals to access the most sophisticated international analysis possibl...Read More

We use the volatility of Bitcoin to our advantage, says Ronni Stoeferle, managing partner for Vienna-based Incrementum. "The price is going up because the price is going up" is how he sums up the rapid rally of the crypto. He explains that Bitcoin north of $50,000 is a prime example of the "Crack-Up Boom" theory, formulated by Austrian economist Ludwig von Mises. "It seems that people are losing c...Read More

In 2012, dude offered to buy my book for 1.5 bitcoin, a "Monetary Revolution" that "doubled in 4 months." I'd just need to hype bitcoin on my site. That's still how it works. And big highly leveraged players have jumped in.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-...Read More