The discount paid for ferro-nickel with 26-32% nickel content in China fell to its lowest level on Fastmarkets' records in December due to a lack of demand and no price competitiveness. Fastmarkets assessed the ferro-nickel premium/discount, 26-32% Ni contained, cif China at a discount of $1,800-2,200 per tonne on Tuesday December 29, widening from a discount of $1,000-1,300 per tonne on November...Read More
Seaborne prices of both low- and high-grade manganese ore in China continued to find support from persistent strength in the portside ore and alloy markets in the latest pricing period ended Tuesday December 29, despite the absence of some participants due to the Christmas holidays. Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose 18 cents (4.6%) week on week to $4.12 per dry metric tonne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
The Turkish deep-sea scrap market remained quiet due to the year-end holiday period, sources said on Wednesday December 30.The most recent transactions were heard on December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per tonne cfr, and another steel mill in the Iskenderun...Read More
Shipments of copper scrap for import into China have been trading at a bigger discount in December, with many cargoes stranded at Chinese ports while customs officials carry out inspections under the new import policy."For birch/cliff covered with paint or other impurities the samples are sent to laboratories, so it is taking a long time for clearance," a scrap importer said. A scrap trader said c...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.In late December bankruptcy trustee Mateusz Bienioszek signed a lease agreement for Huta Czestochowa with Corween Investments, several sources familiar with the matter told Fastmarkets "I ca...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
Steel reinforcing bar prices in the United States climbed on Wednesday December 30 to a more than eight-year high as the market continued to accept the latest round of price increases, according to market participants. Fastmarkets assessed steel reinforcing bar (rebar), fob mill US at $37 per hundredweight ($740 short ton) on December 30, up 4.2% from $35.50 per cwt the week before and its highest...Read More
Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.Hyundai closed two EAFs at its Incheon works in mid-October due to a $100-million upgrade of its steel beam rolling process, the spokesman said on Tuesday December 29.Following the update, South Korea's second largest steelma...Read More
The Turkish deep-sea scrap market remained quiet due to the year-end holiday period, sources said on Wednesday December 30.The most recent transactions were heard on December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per tonne cfr, and another steel mill in the Iskenderun...Read More
Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.Hyundai closed two EAFs at its Incheon works in mid-October due to a $100-million upgrade of its steel beam rolling process, the spokesman said on Tuesday December 29.Following the update, South Korea's second largest steelma...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
2021 is not going to be the year of another market crash, said Frank Holmes, CEO of U.S. Global Investors. In fact, the economy is expected to see a substantial rebound, followed by a rally in gold, stocks, and bitcoin.0:00 - 2020, the "contrarian" year2:40 - Bitcoin and cryptocurrencies8:20 - Bitcoin and gold outlook9:34 - 2021's investment themes11:07 - Inflation13:34 - Housing prices rising15:5...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/imf-c...Questions/Timestamps:1. JD: I heard that the IMF want banks to use my browser's search history to determine my credit score. Is this true? Are they already doing this? 0:442. Edwin G: I would like to know when to determine at what price is the best to purchase. What company I can trust for purchase of precious metals? 3:533. DC Gi...Read More
The winter 'Melt-Up' in stocks has many investors thinking we are in a for a great 2021, however, there are a few significant reasons we may not continue to see stock market euphoria in 2021, this according to the latest research report from Goldman Sachs.Daniela Cambone speaks with Frank Holmes, CEO of US Global Investors about the findings."The G20's quick solution is to print money and that's w...Read More
The pressure in the gold and silver markets has been building for decades, and at some point it looks like it's going to be released in a financial paradigm-changing way. Will that be in 2021, when Davos is studying the unusual topic of "The Great Reset?" Will we finally see substantially higher gold and silver prices next year? To find out what famed monetary expert Alasdair Macleod of GoldMoney....Read More
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Check out my appearance on the TImCast podcast tomorrow night at 8:00 ET. So much of what needs to be talked about will probably come up there.Here's the link to the TimCast YT page: https://www.youtube.com/channel/UCe02...Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composit...Read More