The BMW Group has signed a five-year cobalt supply deal with Moroccan mining company Managem Group covering around one-fifth of its needs for its latest electric drive trains, the company said. The German automotive company will source its remaining cobalt needs for the electric drive trains from Australia, it added.The ?,?100-million ($113-million) contract is for 2020-25 and follows a memorandum...Read More
Today is Thursday, July 9, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,803.00. It's down -0.77% from yesterday and up 29...Read More
Today is Thursday, July 9, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of QEP Resources (NYSE: QEP), CONSOL Energy (NYSE: CEIX), and Penn Virginia Corporation (NASDAQ: PVAC).QEP Resources (NYSE: QEP)QEP Resources (NYSE: QEP) is a $285.78 million company today with a one-year return of -82.34%. Let's look at its price-to-earnings (P/E) ratio, its enterp...Read More
If Biden wins, we're screwed!That's what my cousin told me last weekend, while we were having one of our obligatory drunken debates online. I wasn't actually drunk though, as I'm partial to cannabis. But he throws back the tequila like a Mexican biker.In any event, while I love my cousin, we are pretty far apart on politics.He's a lifelong conservative republican while I'm loyal to no party, alth...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 9 that are worth another look.In light of the recent turmoil in the oil market, the Fastmarkets research team has closely examined the correlations between the price of oil and the prices for ferrous scrap and finished steel products, to discover nuanced relationships and their changes over time.South Africa's government has...Read More
Today, Real Vision turns its attention to China. Ed Harrison interviews George Magnus, research associate for the China Centre at Oxford University, who assesses the situation in China and what it means for investors. Watch the premium video here.INK is keeping tabs on mining COVID-19 risks Meanwhile, INK is going full blown contrarian on COVID-19 as chatter builds in the markets that the disea...Read More
Domestic prices for hot-rolled coil in Northern Europe moved slightly upward day on day on Thursday July 9, and the steelmakers were insisting that there will be further price rises, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?404.29 ($456.93) per tonne on Thursday, up by just ?,?0.29 per tonne from ?,?404.00 per...Read More
The European construction industry has reported different levels of operational strength across various countries, with some projects reported as cancelled or postponed, putting pressure on demand for long steel products, sources have told Fastmarkets.For long steel products such as beams, hollow sections, rebar and wire rod, construction is a key sector for demand. With the Covid-19 pandemic and...Read More
Domestic rebar prices decreased in Egypt over the week to Thursday, July 9 due to the lower priced offers and deals heard, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?9,200-9,700 ($573-604) per tonne ex-works including 14% VAT this week, down from E ?9,200-10,100 per tonne ex-works previously, with deals made at E ?9,200-9,680 per tonne ex-works including 14% VAT, s...Read More
The Turkish domestic long steel markets have continued to suffer from weak demand over the past week, with buyers expecting further decreases in prices, sources said on Thursday July 9.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was unchanged week on week at 3,350-3,400 lira ($488-495) per tonne on Thursday, including 18% VAT.The mills in the...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 9 that are worth another look.In light of the recent turmoil in the oil market, the Fastmarkets research team has closely examined the correlations between the price of oil and the prices for ferrous scrap and finished steel products, to discover nuanced relationships and their changes over time.South Africa's government has...Read More
The Turkish deep-sea ferrous scrap import market remained quiet, with mills in the country holding back from purchasing due to weak finished long steel sales, sources said on Thursday July 9.Turkish steel producers booked five deep-sea cargoes late last week, totalling around 140,000 tonnes.But the mills then went quiet in the deep-sea market at the beginning of this week after failing to sel...Read More
RambusTonight I would like to finish up with the long term secular bull market we discussed in the Weekend Report for the US stock markets. Long term secular bull markets just don't begin and end for no good reason. There has to be a catalyst that drives the markets higher over a long period of time.When the previous secular bull market began at the 1974 bear market low no one could have imagine...Read More
Dave Kranzler, Mining Stock JournalThe monetary "gods" at the Federal Reserve have created the perfect monetary policy recipe to fuel gold, silver and mining stocks to new all-time highs and beyond. While the bubbleheads in the financial media have been garishly cheerleading the general stock market as it heads to an extreme overvaluation that will not end well, the mining stocks have outperform...Read More
Ira EpsteinGold in a vertical price rise, resistance at the upper Bollinger band:Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In a webinar we conducted on Asian ferro alloys, our research team discussed the Chinese authorities' announcing some major infrastructure investments that will increase demand for steel and steel raw materials, including iron ore. Our research shows that the recent infrastructure investment announcements are equal to about...Read More
As we covered in a recent video, herd immunity is getting to look like a more elusive goal than originally hoped. In fact, we are now seeing convincing evidence of people contracting covid-19 more than once. If indeed the case, that suggests we may never be able to reach herd immunity. In today's video, Chris talks with the spouse of a patient still recovering from a second case of covid-19. Heari...Read More
Is there still any place left to put down stakes without overbearing governmental intrusion and theft through taxes? And what are our chances of surviving and thriving through the imminent banking collapse and currency crisis?Legendary Speculator and author Doug Casey, International Man and founder of Casey Research, returns to Liberty and Finance / Reluctant Peppers to give us advance insights fr...Read More
For Part 1 of this interview, CLICK HEREJust when you didn't need another reason to think that gold and silver were going to rise, Andrew Maguire of Kinesis Money reports that Goldman Sachs has started loading up on gold. Goldman appears on the recent COMEX delivery report, and in the interview Maguire talks about why they are buying, as well as the massive amounts of silver that are being demande...Read More