High-grade fines and lumps continued to outperform other types of materials in the iron ore market on Friday June 22.Metal Bulletin 62% Fe Iron Ore Index: $65.34 per tonne cfr Qingdao, up $0.46 per tonneMetal Bulletin 58% Fe Premium Index: $53.57 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao, up $1.90 per tonneMetal Bulletin 62% Fe Ch...Read More
Slab export prices from Brazil declined marginally this week, with local mills competing to book orders to the United States in the wake of the new quota system. Metal Bulletin's weekly price assessment for slab exports from Brazil fell to $580-595 per tonne fob on Friday June 22 from $590-600 per tonne fob previously. Deals from Brazilian companies to US buyers were heard...Read More
India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More
Click Here to Listen to the Interview - *the interview begins at 5:50Gerald Celente discusses the relevance of still having guns, gold and a getaway plan. Gerald also tells us what he's watching most closely on the geopolitical landscape that could have a major impact on the markets and possibly trigger the next economic crisis.Click Here to Listen to the Interview - *the interview begins at 5:5...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
China's domestic rebar prices decreased on Friday June 22 amid high selling interest. Domestic Eastern China (Shanghai): 4,040-4,080 yuan ($622-628) per tonne, down 80 yuan per tonne Northern China (Beijing): 3,880-3,930 yuan per tonne, down 20 yuan per tonne Traders actively sold rebar to lower their inventory levels before end-user demand weakens further. But buyers also kept their procurement r...Read More
"The Government's position fails to contend with the seismic shifts in digital technology that made possible the tracking of not only Carpenter's location but also everyone Continue...Read More
European base prices for flat and long stainless steel products were stable this week, while market participants wait for the full range of alloy surcharges to be announced for July.Finnish stainless steelmaker Outokumpu's alloy steel surcharge for July deliveries of 2mm grade-304 cold-rolled (CR) stainless steel sheet has risen to ?,?1,647 ($1,907) per tonne, the company's website announced on Th...Read More
Bix and Will discuss the transition that is currently underway, cryptos, manipulation, deep state, and more...Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulatio...Read More
Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removedContinue...Read More
Growth in Chinese stainless steel demand will outpace growth in production this year, supporting a sector that must contend with robust barriers to export, market observers said at a conference in China this week.China will produce around 26 million tonnes of stainless steel this year, up 0.9% from 25.77 million tonnes a year ago, the China Ferroalloys Industry Association (CFIA) said.This increas...Read More
Chinese ferrous futures fell in the first hour of morning trading on Friday June 22 before experiencing a sharp rebound, but went on to end the session little changed from their opening prices.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,768 yuan ($580) per tonne, down 5 yuan per tonneOctober hot-rolled coil: 3,871 yuan per tonne, up 1 yuan per tonne Dalian Co...Read More
Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? Andwhat does it ultimately mean for the gold market?Let’slook at the chart below. As one can see, the U.S. long-term interest rates have been rising since September 2017. And they breached 3 percent in thesecond quarter of 2018, attracting investors’ attention all ov...Read More
CloseGain/LossOn WeekGold $1270.20+$2.80-0.80%Silver$16.46+$0.15-0.78%XAU82.00+1.36%-0.70%HUI176.93+1.33%-0.53%GDM618.81+1.50%-0.25%JSE Gold1066.58-2.36+1.71%USD94.55-0.27-0.23%Euro116.63+0.51+0.47%Yen91.13+0.01+0.77%Oil$68.58+$3.04+5.41%10-Year2.895%UNCH-1.03%Bond144.00+0.03125-0.37%Dow24580.89+0.49%-2.03%Nasdaq7692.82-0.26%-0.69%S&P2754.88+0.19%-0.88% The Metals: Gold g...Read More
Precious metals expert Michael Ballanger explains why he believes gold is bottoming. Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen readings lower than this at other bottoming period...Read More
India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More
Gold and silver marketsentered this summer with sentiment toward the metals in something of a deepfreeze.For several months, precious metals prices have gone essentiallynowhere. No sustained rallies to attract momentum traders; no washout plungesto attract bargain hunters. The long, protracted stalemate between bulls andbears has frustrated metals investors and, frankly, bored thepublic. As a cons...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
European base prices for flat and long stainless steel products were stable this week, while market participants wait for the full range of alloy surcharges to be announced for July.Finnish stainless steelmaker Outokumpu's alloy steel surcharge for July deliveries of 2mm grade-304 cold-rolled (CR) stainless steel sheet has risen to ?,?1,647 ($1,907) per tonne, the company's website announced on Th...Read More
CloseGain/LossOn WeekGold $1270.20+$2.80-0.80%Silver$16.46+$0.15-0.78%XAU82.00+1.36%-0.70%HUI176.93+1.33%-0.53%GDM618.81+1.50%-0.25%JSE Gold1066.58-2.36+1.71%USD94.55-0.27-0.23%Euro116.63+0.51+0.47%Yen91.13+0.01+0.77%Oil$68.58+$3.04+5.41%10-Year2.895%UNCH-1.03%Bond144.00+0.03125-0.37%Dow24580.89+0.49%-2.03%Nasdaq7692.82-0.26%-0.69%S&P2754.88+0.19%-0.88% The Metals: Gold g...Read More