Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher. Asian-Pacific equities and major western pre-market equity index futures were weaker this morningOverall the base metals are looking heavyBase metals Three-month alumini...Read More

The rally in China's domestic lithium prices continued to influence markets in the rest of Asia in the week to Thursday January 28, but trading has thinned in the run-up to the Lunar New Year holiday in mid-February. China's battery-grade lithium prices rose again due to limited spot availability and because some producers had stopped offering ahead of Chinese New Year. Asian battery-grade lithium...Read More

Ionic Rare Earths Limited (ASX: IXR) currently owns 51% (earning up to a minimum of 60%) of the Makuutu Rare Earths Project, located 120 km east of Kampala in Uganda. The deposit stretches 37 km in length and has demonstrated potential for a long life, low-cost capital intensity source of critical and heavy rare earths. We learned from Tim Harrison, Managing Director of Ionic Rare Earths that they...Read More

Torio Mining executives, Trip Lea: (Co-Founder, Co-Chairman), Andre Vienna (Co-Founder, COO) and Rene Romer (Capital Markets and Merchant Banking Advisor to Torio), lay out their portfolio and plans. The Company's mining rights, and operating mine are located in the northern part of the State of Mato Grosso, in Brazil, right in the heart of the Alta Floresta Gold Belt, which is well-known in Brazi...Read More

"As the present now / Will later be past / The order is rapidly fadin'. / And the first one now will later be last / For the times they are a-changin'."- Bob DylanA line's been drawn in the sand...On one side stand the people of Main Street, led by a merry band of Reddit traders. On the other side stands the silk suit and martini lunch crowd known as Wall Street. And Main Street just dealt Wall...Read More

South America's import prices for flat-rolled steel were mostly down during the week ended Friday January 29, with China-origin material offered at lower levels for April shipment.Some customers, on the other hand, had concerns that their previous expectations of a steeper downtrend after the Chinese New Year holiday period would not materialize due to high raw material costs and potential output...Read More

More European mills have pushed offers up seeking hot-rolled coil transaction price rises due to limited availability of the material, sources told Fastmarkets on Friday January 29. Buyers, in the meantime, questioned how sustainable these attempts would be in long-term. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?712.50 ($862.83) per tonn...Read More

Swedish steelmakers SSAB no longer plans to acquire the Ijmuiden plant in the Netherlands off of Tata Steel, SSAB said on Friday January 29.Tata Steel initiated discussions with SSAB on the sale of its IJmuiden plant in the Netherlands and related downstream assets in November 2020. After the announcement, market sources said it would have allowed SSAB to increase its presence in Northern Europe.A...Read More

Poland's rebar producers were still holding back March rolling volumes during the week to Friday January 29, while buyers were expecting prices to soften on the scrap market downturn, sources told Fastmarkets.Most rebar producers in Poland were said to have sold out of February rolling rebar at average prices of 2,900-3,000 ($772-799) zloty per tonne ex-works and were yet to announce new prices, m...Read More

China's domestic rebar prices were flat on Friday January 29 amid inactivity, with the situation set to be compounded next week when many market participants plan to make an early start to their holiday for the Chinese New Year.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($663-667) per tonne, unchangedNorthern China (Beijing) weekly assessment: 4,110-4,160 yuan per tonne, up 50 yuan per ton...Read More

China's Baowu Steel Group, the world's largest steelmaker, is in talks with Shandong Iron & Steel Group Co for a potential merger.While a small segment of the steel market already had some knowledge of this development, particularly after Baowu Steel sent some of its company officials to Shandong Steel to conduct surveys on the topic of a merger, the matter became public after local media reported...Read More

Pig iron import prices in the United States fell sharply in the week ended on Friday January 29, with at least one deal reported for Brazil-origin material.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $500-510 per tonne on Friday, down by $65-75 from $575 per tonne the previous week.After several weeks of a quiet market, information started to circulate ab...Read More

The export prices for pig iron from the Commonwealth of Independent States dropped during the week to Thursday January 28 on a bearish mood among buyers, sources have told Fastmarkets.Buyers preferred to hold back from making new deals until scrap prices settle and they can have a clearer price idea for pig iron, market sources said.Fastmarkets' weekly price assessment for high-manganese pig iron,...Read More

Global ferrous scrap prices have yet to hit the buffers in their downward plunge. Buyers in Asia were holding back from purchases in the week ended Friday January 29, swooping in only for low-priced cargoes, but demand from China could support prices in the near term.Turkey re-enters spot marketBearish sentiment in US on lower transaction pricesTaiwan market in rapid descentCovid-19 in Vietnam dam...Read More

David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More

Plans to short-squeeze silver to never before seen prices circulated on Reddit. Peter Hug, Global Trading Director of Kitco News, evaluates what it would take, hypothetically, for these plans to come to fruition.Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which beca...Read More

?>>?An epic David-vs-Goliath battle has erupted on Wall Street.And it may just change the future of investing, helping to tilt the playing field away from the huge unfair advantage the banking cartel has enjoyed for decades.In case you've been sleeping under a rock for the past week: millions of individual investors have banded together using Reddit chat boards, Twitter and other forms of social m...Read More

The GameStop-Robinhood saga went truly 'viral', even resulting in a demonstration outside NYSE earlier today. Max Keiser tells RT that the small investors' efforts should be praised for exposing big Wall Street traders' questionable practices.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance an...Read More

Harry rant's on the over controlling central banks have created a debt monster and they keep doubling down, recent war on Game Stop stock proves speculation over productive investments and only one way this can end.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identi...Read More

MacroVoices Erik Townsend and Patrick Ceresna welcome Russell Napier to the show to discuss how stocks are rallying to new all-time highs amidst the ongoing pandemic and where we stand with regard to the economic outlook generally & much more.Professor Russell Napier is author of The Solid Ground investment report for institutional investors and co-founder of the investment research portal ERIC-...Read More