Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Ontario's Government for the People is supporting economic growth in the Algoma Region by investing in job opportunities for young northerners.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced an investment of more than $1.3 million in 46 Northern Ontario Internship Program positions. They include: $90,642 for Algoma University to hir...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets.Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse Rotterdam basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the February 7 pricing session in London.Key drivers - United States and Europe prices stable at recent lower levels amid thin trade, with consumer needs covered by long-term contracts. - The Chinese domestic and cif China, Japan and Korea markets rolled over with markets largely closed for Lunar New Year holidays. - Market sources await direction once Chinese market participants ret...Read More
Flat steel import prices remained stable during the past week in South America as market participants were waiting to see if price increases from China and the Commonwealth of Independent States (CIS) region would truly materialize.Fastmarkets assessed South American hot-rolled coil import prices at $525-540 per tonne cfr on Friday February 8, the same as a week before. Cold-rolled coil prices rem...Read More
There's a war being fought against a very unlikely foe: sulfur.It's a fight being waged by every developed nation in the world.And there are only a handful of major producers around the world making the ammunition to combat this enemy.But I'll explain all that later. First, let me ask you...Have you ever seen one of these trucks while driving and wondered, "Is that safe?"I mean, you'd think they'd...Read More
Coated-steel prices in Turkey continued to increase in the week ended Friday February 8, with some producers continuing to close their sales books because they were short of the hot-rolled coil (HRC) used as a base material.Coated-steel producers had low stocks of HRC, and chose to wait and see how much the price of HRC would increase before announcing their new prices for coated coil, sources tol...Read More
Steel coil prices in Turkey increased again this week because of the high cost of scrap alongside other global price increases, with local demand strong because of restocking, sources told Fastmarkets on Friday February 8.Stocks of hot-rolled coil (HRC) were low in the country because buying has been weak for a long time, with prices falling. But now that prices are increasing rapidly, buyers are...Read More
Former Barrick Gold (Mostly Sunny; ABX) CEO and current Nutrien (Mostly Sunny; NTR) director Aaron Regent made a half million dollar bet on Nutrien stock December 27th. That investment is already up almost 10% in just 6 weeks.Click for largerThe returns were helped Thursday when the agricultural chemicals stock jumped 1.6% after the company reported Q4 results. Although the quarter, which generat...Read More
Participants in the European hollow sections market are in favor of the European Union's new safeguarding measures but hope for additional support against cheap imports in the form of anti-dumping measures, they told Fastmarkets MB. The European Commission (EC) has set definitive safeguard measures on 26 imported steel products in the form of tariff rates and a range of quotas that are partly...Read More
Ukraine's largest long steel producer, ArcelorMittal Kryvyi Rih, sold almost 80% of its steel output to foreign outlets in 2018, the company said in a report published on Thursday February 7.The company's steel product sales totaled 4.5 million tonnes in 2018, of which just 22% was sold domestically, the report showed.Of the total volume, around 2.9 million tonnes were long steel products, mainly...Read More
Turkey's long steel producers are looking for new export markets after the European Commission more than halved the annual amount of Turkish rebar allowed to enter the region before the imposition of a 25% tariff.However, flat steel producers in Turkey believe the European Union will remain a strong market for them.On 1 February, the EC announced definitive safeguard measures on a l...Read More
Pig iron suppliers to the United States have increased their offer prices despite another fall in the price of prime scrap grades, citing lower availability and higher iron ore costs, Fastmarkets has heard.Fastmarkets' import price assessment for pig iron in the US was $350-360 per tonne cfr on Friday February 8, increasing from $340-345 per tonne cfr a week before."The prime-grade scrap price has...Read More
Global scrap prices were likely to show further increases because of surges in iron ore prices, Fastmarkets heard during the week ended Friday February 8.Integrated steelmakers were expected to raise their offer prices for downstream steel products due to the increased costs of iron ore and pellets. They were also expected to be able to digest higher ferrous scrap prices to secure more steelmaking...Read More
European alloy steel scrap prices continued their upward trajectory this week on the back of further gains in the nickel market. Having fallen throughout the second half of 2018, nickel prices have risen largely unchecked since the turn of the year. This, in turn, has pulled up austenitic alloy scrap prices, with nickel being the primary alloy component in these grades of stainless steel. In...Read More
By: Nicholas LePan, Senior Mining Reporter at GoldSeekIt was back in September 2018 when America's newest gold and silver producer, Northern Vertex (TSX-V: NEE) (US: NHVCF) announced commercial production, at its 100-per-cent owned Moss Mine located in Northwestern Arizona, just a couple of miles off the old route 66. (The road to the Moss Mine, circa 2018) However, as any mine developer...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
By: DeepcasterDeepcaster's Recent Letters and Alerts provide Forecasts re How Best to Profit and Protect in 2019 along with Buy Recommendations aimed at profiting from upcoming Mega-Moves.But, since 2019 is likely to provide a Vastly Different Investing and Trading Landscape than any of the years 2009 through 2018, it is essential to always know and bear in mind the Mega-Forces Driving Key Mar...Read More
By Daniel R. Amerman, CFAWhenever the next recession does arrive, what we know today is that it is unlikely to be a "normal" recession, by the standards of what most people have experienced in their lifetimes.In this analysis we will compare and contrast the characteristics of an average recession based on 164 years of history, versus what has been experienced in the United States since the end...Read More
By Avi Gilburt, ElliottWaveTrader.net Consider the extremes we experienced in August and September of 2011. Gold had days where it would rally $50 in a single day during its final parabolic move. Moreover, everyone you spoke with would express their certainty that gold would soon eclipse the $2,000 mark, on its way to much higher levels.Yet, I remained steadfast in my analysis which suggeste...Read More