Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More
The majority of import prices for flat-rolled steel in South America were static during the week to Friday July 3 with market participants gauging the interest for September-shipment cargoes in the region, but some prices increased due to higher offers from China."We expect [to see] some requirements and inquiries from Ecuadorian customers [during August shipment negotiations, rather than only fro...Read More
The latest Insights focuses on the junior mining V-shaped recovery. Our broadcast of the week looks at how investors can use insider data to avoid overhyped stocks with poor quality assets. Meanwhile, our insider of the week is from the oil patch and he as been buying the recent pause in Energy sector stocks.Read More
Domestic prices for hot-rolled and cold-rolled coil remained stable in Turkey during the week ended Friday July 3, with demand weak, sources have told Fastmarkets.Flat steel producers in the country were accepting orders for September.The reason for the poor demand was that buyers had already booked enough material for July and August, and wanted to wait and see if end-user consumption would incre...Read More
Domestic prices for steel rebar in Poland widened in the week to Friday July 3, supported by good demand both domestically and abroad, sources told Fastmarkets.Buying in the Polish rebar market was good in June and is supposed to remain strong until the middle of July at least, they added."The vacation season is here, so even though regular activities have been interrupted by [...Read More
China's domestic rebar prices edged up on Friday July 3 on higher trading activity amid a rising futures market, but the near-term outlook remains bearish. DomesticEastern China (Shanghai): 3,510-3,540 yuan ($497-501) per tonne, up by 10 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,630-3,660 yuan per tonne, unchanged from June 29Traders raised rebar prices slightly following futur...Read More
Turkish domestic long steel prices have corrected downward slightly over the past week amid unfavorable fundamentals, Fastmarkets learned on Thursday July 2.Generally, modest demand for finished long steel in the country, together with declining import scrap costs, have had an effect on domestic rebar and wire rod prices, sources said.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix),...Read More
Steel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed.Turkey secures further cargoesUS East Coast recyclers reduce buying pricesVietnam demand gets thin on increasingly bearish sentimentTaiwan buyers seek lower pricesIndia's poor demand hits prices.TurkeyTurkish st...Read More
The pig iron market in the United States was soft and quiet during the week ended Friday July 3 because of the country's Independence Day holiday and expectations of lower scrap prices.Fastmarkets' weekly price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne on Friday, down by $5 per tonne from $325-330 per tonne a week before.Sales were heard to the US from the nor...Read More
The inter-merchant spot price for light iron scrap in the UK was steady in the week ended Friday July 3, extending a run of stability into a third week, with the market supported by relatively low volumes of scrap being delivered into yards, trade sources said.The UK market has also been supported by steady purchasing in the European steel scrap export market by traditional destinations such as Tu...Read More
Brazilian export prices for steel slab inched downward in the week ended Friday July 3 with recent deals closed near the lower end of the assessed range and higher offers being rejected.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, narrowed downward by $10 to $375-390 per tonne on Friday, from $375-400 per tonne a week earlier.Export offers of September-shipmen...Read More
Tata Steel has reached an agreement with trade union FNV Metaal over its Dutch assets, bringing an end to 25 days of industrial action, the company said on Friday July 3.There will be no redundancies at Tata Steel at IJmuiden and the parent company will invest in site's upgrade, FNV said.In addition, an employment pact for the company's Dutch workers has been extended by five years until Octo...Read More
What happens when cities across the country, or the world for that matter, can no longer collect taxes from its taxpayers? In major cities like New York and Vancouver, the taxes the city is able to collect is dwindling as many companies and individuals are struggling financially in the wake of the coronavirus. In Robert Kiyosaki's latest quarantine update, he explains this tweet: "NEW YORK CITY GO...Read More
Topics:Trump disingenuous about job creation.Jobs report should be taken with a grain of salt.The relapse has started.Gold is a coiled spring and the market is primed for a huge move up.Check out Larry Elder's documentary "Uncle Tom"Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief...Read More
With the U.S. economy surging, U.S. rates on the rise, the U.S. dollar sinking, and the return of inflation, commodities and materials will soar. ALL THIS CAN help to push commodities higher. *Fast forward to 6:10 for David's discussion of goldDavid Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall fin...Read More
http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows. He is recognized by peers as an aut...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
"Places of worship must therefore discontinue singing and chanting activities and limit indoor attendance to 25% of building capacity or a maximum of 100 attendees, whichever is lower. Local Health Officers"Continue...Read More
While everyone is distracted with virus-related headlines - the federal government is erecting a massive surveillance state with military-grade drones to surveil people in metro areas. Continue...Read More
Once upon a time, even Washington politicians feared large, chronic public debt, and not merely because they were especially intelligent or virtuous. We learned that in real time during 1981, when the Continue...Read More