A sharp increase in cobalt prices, coupled with a clearer medium-term demand outlook for the market, has given sellers the upper hand in metal contract discussions - a distinct change since the start of the year - according to sources that spoke to Fastmarkets.The demand picture has been brightened by strong demand from the electric vehicle (EV) market, complemented by the consumer electronics sec...Read More
Cobalt hydroxide suppliers and buyers are in a stalemate after the cobalt futures price on the Wuxi Stainless Steel Exchange tumbled late last week. Fastmarkets' assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China was flat week on week at 93-94% of standard-grade cobalt (low end) on Friday March 5. The indicator is assessed twice weekly on Wednesdays and Fridays. Risk-...Read More
Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More
Domestic prices for steel hot-rolled coil increased across Europe over the week to Friday March 5, supported by long lead times from domestic mills and good demand.The steelmakers pushed offers upward again to achieve further rises in transaction prices.ArcelorMittal raised its official offer for HRC to ?,?800 ($953) per tonne ex-works on Friday, up by ?,?50 per tonne, following the recovery in do...Read More
Neil McCoy-Ward and Gerald Celente discuss their views on the current challenges facing the financial world. We discuss: The Greater Depression, the end of the US Dollar (and how it could collapse). The rise of China, right through to tackling some tough questions over what exactly is going on right now in the World.Gerald Celente is a pioneer trend strategist and founder of The Trends Research In...Read More
The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.Finished steel distributors have said they have been struggling to get the necessary volumes of finished steel from either domestic or overseas suppliers, adding that they do not expect the situation...Read More
The authoritarian experts are warning the fourth wave of COVID-19 is coming because tyrannical governors dared to give a few of the slaves anContinue...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Highly-respected market researcher Luke Gromen concludes that we're living in a unique period of history given that we currently facing three massive threats:Continue...Read More
It looks to me as if we had a bottom in resource stocks on Friday with massive capitulation. Continue...Read More
"The text messages make clear that the senior executives and the Comey-McCabe FBI, those who had political bias were on first-name basis Continue...Read More
Joe Biden appears, for all intents and purposes, to be making an all-out effort to start a war. The White House is now preparing Continue...Read More
Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More
0:00?EUR< - Gold price rebound?1:46?EUR< - Bitcoin vs gold2:50?EUR< - Gold equities leading the bullion5:48?EUR< - Gold sentiment7:12?EUR< - Mergers and acquisitions11:51?EUR< - Gold bullion vs miners14:20?EUR< - Silver squeeze17:11?EUR<- Junior minersHistorically, the gold miners have led the bullion market in price direction, and right now, the equities are suggesting a rebound in price is under...Read More
The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.Finished steel distributors have said they have been struggling to get the necessary volumes of finished steel from either domestic or overseas suppliers, adding that they do not expect the situation...Read More
China's domestic rebar prices increased sharply on Monday March 8 following futures gains and amid expectations that rebar demand from the housing sector will benefit from an expansion of the country's high-speed railway.DomesticEastern China (Shanghai): 4,740-4,760 yuan ($728-731) per tonne, up by 90-100 yuan per tonne China aims to extend the total length of its high-speed railway to around 50,0...Read More
Technical analyst Clive Maund charts silver and looks at what he believes lies ahead. Silver investors have been getting increasingly frustrated in recent months as silver has basically done little, while Bitcoin, blockchain and selected biotech and tech stocks have soared. We ourselves haven't paid silver much attention because it has been so dull, and we learned some months back that we could m...Read More
Sector expert Michael Ballanger explores the role of hubris in the banking system, as well as the rising prospects of industrial metals like copper. "Today we're still a long way from our goals of maximum employment and inflation averaging 2% over time. . ." Jerome Powell; March 4, 2021The week that just passed presented us with more than a few seminal moments, those points in time where a well-...Read More
Turkish steel producers skipped the first working day of the week with no deep-sea bookings, keeping their focus on finished steel sales, market participants told Fastmarkets on Monday March 8.The steelmakers had booked a number of scrap cargoes late last week, resulting a more than $6-per-tonne increase in the daily scrap indices.A scrap supplier in the Baltic Sea region sold two cargoes at the e...Read More
Westhaven Gold presented its goals for this year's exploration and drill program pointing out that it is fully funded for 2021 and well into the 2022 season. Westhaven Gold Corp. (WHN:TSX.V) announced details regarding drilling operations it plans to undertake during 2021 at its 17,623-hectare Shovelnose gold property located 30 km south of Merritt, B.C. The firm stated that Shovelnose is situate...Read More