Domestic prices for ferrous scrap in Italy moved up in February following the positive trend settled in the international scrap markets, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy was ?,?270-290 ($306-327) per tonne delivered on Friday February 15, compared with ?,?260-280 per tonne delivered in January."The upward tren...Read More
German steelmakers have settled their monthly scrap contracts for February with an average price increase of ?,?15-20 ($17-23) per tonne, reflecting the rise in the international market, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($299-321) per tonne delivered on February 15, up from ?,?250-265 per tonn...Read More
Imagine this...A wind turbine made of solar panels.Sound crazy?Well, researchers at the University of Manchester have actually developed a similar device - one that generates energy using both wind and solar power.Scientists are calling these energy-harvesting devices "flags." But if you ask me, I'd say they look more like rudders. Have a look for yourself:Here's how they work...The energy flags h...Read More
Comex copper prices turned positive on Friday morning in the United States with improving trade talk optimism boosting the entire base metals space.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rebounded 0.80 cents to $2.7820 per lb."We expect the global refined copper market to become tighter...Read More
In my Valentine's Day interview with Jim Goddard, I make the case that Energy stocks led by Cenovus (CVE) are likely going to start pulling their weight in the Canadian market. That would be a welcome development for Canadian investors because our indicators are also suggesting that the recent marijuana stock rally is in the final stages.Cenovus CEO Alex Pourbaix dancing to the oil patch beatBase...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
China's domestic lithium spot market showed limited buying activity with prices unchanged in the first week after the Lunar New Year holiday, while transportation of lithium compounds has resumed and more market participants are due to return after the Lantern Festival next week.Battery-grade lithium carbonate prices static after the holiday on thin buying interest. Lithium hydroxide prices r...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonne. Fa...Read More
Coated-steel prices in Turkey continued to increase in the week ending Friday February 15, despite demand being weak in both the domestic and export markets.High offer prices were stifling export activity, sources told Fastmarkets.Steel prices have been increasing globally because of rises in raw materials costs, which have been pushed up due to supply concerns after Vale'...Read More
Steel coil prices in Turkey increased again this week because of the rising cost of raw materials, alongside other global price increases.Local demand was also weaker than it was seven days earlier, sources told Fastmarkets on Friday February 15.Buyers placed orders last week because they had low stock levels, market participants said. However, they added that end-user demand was still not strong...Read More
China's hot-rolled coil prices were mixed on Friday February 15, with domestic prices dropping on weak demand but the export market seeing higher-priced deals.DomesticEastern China (Shanghai): 3,710-3,730 yuan ($548-551) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, down 50-60 yuan per tonneTrading activity was lower than on Thursday amid weaker fut...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: David HaggithWe now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since ... the Great Recession. Notice what a common refrain that comparison has become.Retail Apocalypse snowballs downhillRetail sales dropped 1.2% month-over-month in December, the largest drop s...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard fu...Read More
By: Ira EpsteinGold washes out to the downside, but manages to come back late in the day and close near unchanged. Read More
Chris Watlzek of GoldSeek.com interviews Bob Hoye.Read More
Learn what Jim thinks about our potential negative interest rate future ahead, what he will do if gold and the US dollar decouple with out a major pullback in the medium to short-term.And finally we cover some personal news about Jim's two young daughters who are rising stars in China. Stick around for the clips at the end of the show to see footage of Jim on his motorcycle tour through China in t...Read More
Domestic prices for rebar in Poland have increased over the past week due to higher ferrous scrap costs, sources told Fastmarkets on Friday February 15.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,200-2,310 zloty ($572-601) per tonne ex-works on February 15, up from 2,180-2,250 zloty per tonne ex-works a week earlier. The assessment reflected deals and offers f...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
Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. s...Read More