Some mobile phone producers have started to develop devices that support the fifth generation (5G) network, but long-term support for cobalt demand from 5G phones will be limited, Fastmarkets heard on the sidelines of a cobalt conference in Hong Kong this week.There was likely to be an instant boost for cobalt demand, however, when many consumers replaced their 4G mobile phones with those enabled...Read More
I'm not far off saying that the Permian Basin is officially the worst-kept secret in the U.S. oil boom.Here we are more than a decade into the tight oil boom, and it's become glaringly obvious to everyone that the biggest profits are in West Texas.For most, the Permian Basin's true value was hammered home last year, when the USGS announced that the Wolfcamp shale and Bone Spring formation in Texas...Read More
Australian Lepidico Ltd agreed earlier this month to acquire Desert Lion, a junior miner with mining operations in Namibia, to create an integrated lithium business. The merged company will be named Lepidico Ltd and will combine Desert Lion's Rubicon and Helikon lepidolite deposits in Namibia alongside the partially developed lepidolite concentrator with Lepidico's L-Max and LOH-Max technologies w...Read More
Follow up on this year's Fastmarkets Battery Materials Conference in Shanghai with this comprehensive downloadable PDF that brings together the full coverage from the event.Our Battery Materials Conference 2019 in Shanghai in April was one of the many industry-leading events we curate, organize and run, bringing together the biggest OEMs, battery manufacturers, cathode makers and chemical companie...Read More
An accident at a steel mill owned by Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) on Wednesday May 15 injured around 20 employees but had no impact on production there, the company said.The accident at the plant in Volta Redonda city, in Brazil's southeastern Rio de Janeiro state, was caused by a reaction during the removal of slag from equipment during the steelmaking process, CSN s...Read More
China's hot-rolled coil prices were largely steady on Wednesday May 15 amid sparse trading in the domestic market, though trading activity in the export segment appeared to pick up after exporters cut their offers.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($580-582) per tonne, unchangedNorthern China (Tianjin): 3,870-3,880 yuan per tonne, narrowing from both endsTrading was persistently t...Read More
The price range for hollow steel sections in Northern Europe has widened downward this week under the influence of lower prices for hot-rolled coil (HRC), sources told Fastmarkets on Wednesday May 15.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe widened downward to ?,?600-630 ($673-707) per tonne delivered on Wednesday, lower b...Read More
Feralpi Stahl will raise capacity at its rebar and wire rod rolling mill in Riesa in the Saxony region of Germany to 1.3 million tonnes per year, the German division of Italy-based steelmaker Feralpi Group said.The company will invest ?,?60 million ($67.33 million) over a two-year period to increase capacity at Riesa, it said on Wednesday May 15."The investment will strengthen the current producti...Read More
Steel H-beam prices in Northern and Southern Europe were stable this week, although pressure from falling scrap costs remains a feature of the market and beams prices could fall in the near future, sources told Fastmarkets on Wednesday May 15.One factor behind the lack of price movement, particularly in Southern Europe, was the Made in Steel event taking place in Milan, Italy, from May 14-16, wher...Read More
The UK ferrous scrap market for deliveries to domestic consumers in May has settled at prices lower than a month earlier, matching losses reported in the export market, trade sources told Fastmarkets on Wednesday May 15.Export prices have fallen in line with weaker sales into the key destination of Turkey, they added.Most UK deals for May deliveries to domestic consumers have been settled at ?15...Read More
By: Ira EpsteinGold trend in up-thrust and is staying bullish. Hits 100 day moving average, running out of steam. The stock market rally relieved some of the safe-haven buying:Read More
Gary Christenson, The Deviant InvestorEgon von Greyerz discussed "3 Dozen Reasons to Hold Gold" and mentioned price targets of $30,000 for gold and $3,000 for silver. Gold sells for $1,310 and silver sells in the mid-$15s. His numbers suggest that gold could increase by a factor of 20 and silver by nearly 200. For perspective, refer to the table below.He shows the many reasons to own gold in t...Read More
By: Craig Hemke, TF MetalsOn several occasions since late 2018, we've written about the current similarities to 2010. This "2010 9" theory became our theme for 2019, and we wrote about it here:o https://www.sprottmoney.com/Blog/gold-and-silver-2...Well, here we are in May and it's time to check in on the status of this forecast. The parallels to 2010 are becoming clearer. Plus, there are additi...Read More
The on-again, off-again trade deal with China has put some life into the stock market, all of it vicious. It has also invigorated an otherwise moribund discussion concerning weather tariffs are good or bad. Popular wisdom has it that the mere discussion of Smoot-Hawley tariff legislation caused the stock market to gyrate wildly in 1929 and eventually to crash. Pat Buchanan does a good job debunk...Read More
Cash will be the king now. Low risk traders and investors will prefer to sit on cash rather than invest in uncertain times. Fundamentals will be the key to investing now. Now a days it is very rare to see rallies in any investment dictated by fundamentals. Gold, Indian stocks and even Indonesian stocks have a long term fundamentally strong story. Only risk to the world growth is energy prices be...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes this week, with prices falling further, sources said on Wednesday May 15.The mills were trying to keep their deep-sea scrap purchases as slow as possible, to put downward pressure on prices, because demand for long steel products was sluggish and values were falling, Fastmarkets was told.But two steel mills came to the market...Read More
Seaborne iron ore prices picked up on Wednesday May 15 following gains in China's futures market, and amid concerns that BHP's mine maintenance could affect supply at a later date.MB 62% Fe Iron Ore Index: $96.95 per tonne cfr Qingdao, up by $2.61 per tonne.MB 62% Fe Pilbara Blend Fines Index: $95.63 per tonne cfr Qingdao, up by $2.61 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $98.53 per tonn...Read More
The export market for steel slab and billet in Iran was very slow in the seven-day period to May 15 after the United States imposed sanctions on the country's steel trade, sources told Fastmarkets.US president Donald Trump ordered new sanctions on Iranian metals - including steel, aluminium and copper - on Wednesday May 8."Today's action targets Iran's revenue from the export of industrial metals...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
In this episode you will hear from three expert presenters from our recently hosted Live Investor Summits. Gold analyst Craig Hemke of TF Metals Report begins by discussing how the set up for gold today resembles that which occurred in 2010. Then Collin Kettell of Palisade Global gives a compelling presentation regarding why you should be investing in uranium equities. Finally, respected author an...Read More