Key data from the Wednesday September 16 pricing session in Shanghai.Key drivers Spot cobalt metal prices in China were steady, with liquidity improving in the first half of this week compared with late last week; but speculators and downstream consumers are generally cautious about taking positions or restocking, despite news on September 9 that China's State...Read More

Share this articleCALGARY - The owner of the Ekati Diamond Mine in the Northwest Territories says it plans to return the suspended project to full operating status after accepting a "stalking horse bid" by an affiliated buyer to allow it to exit court protection from creditors.Dominion Diamond Mines ULC says the bid submitted by Canadian Diamond Holdings, LP and CA Canadian Diamond Mines ULC, affi...Read More

Love him or hate him, Sam Walton was a fearless businessman.His empire started 75 years ago when he took a $20,000 loan from his father-in-law to open a store in Newport, Arkansas.He was ruthless in running his business and if he saw a competitor doing something in a more efficient way, he'd adopt it to build upon his success.Even to his own management, he was aggressive in his vision for Walmart'...Read More

European heavy steel plate prices were fairly stable in the week to Wednesday September 16, with steelmakers insisting on higher offers due to high costs for raw materials and semi-finished products, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?480-500 ($570-593) per tonne on September 16, compared with ?,?485-500...Read More

Domestic prices for hot-rolled coil jumped week on week across Europe on Wednesday September 16, driven by reduced output from domestic steelmakers and limited availability of imported coil, sources have told Fastmarkets.Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?482.62 ($572.80) per tonne on Wednesday, up by ?,?5.64 per tonne day on day from...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for hot-rolled coil have performed in line with our expectations over the past month, with US domestic HRC prices finding a floor in July in line with the forecast, before improving in August. US HRC prices averaged $473 per short ton in August, compared with our forecast price of $470 per ton.Our prediction that an i...Read More

Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,...Read More

JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government, Fastmarkets has learned.Representatives of JSW Steel Italia earlier this week presented an industrial plan for the Piombino, Italy-based mill, formerly k...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for hot-rolled coil have performed in line with our expectations over the past month, with US domestic HRC prices finding a floor in July in line with the forecast, before improving in August. US HRC prices averaged $473 per short ton in August, compared with our forecast price of $470 per ton.Our prediction that an i...Read More

Turkish steelmakers continued to hold back from deep-sea scrap purchases amid weak finished long steel demand, especially in the domestic market, sources told Fastmarkets on Wednesday September 16.Steel producers in the country booked seven deep-sea scrap cargoes, totalling around 230,000 tonnes, in the first half of last week before stepping away from the market on September 10.The price of HMS 1...Read More

Prices for cargoes of steel scrap exported from Japan fell for most grades on Wednesday September 16 following a drop in appetite among South Korean steelmakers and a worsening of the market environment, sources have told Fastmarkets.Several producers in South Korea were undertaking maintenance work in September-October, reducing the requirements for scrap in the country and thus also reducing the...Read More

Iron ore prices slumped further on Wednesday September 16, on weaker-than-expected demand for steel, raising concerns that the market could start to move into bearish territory as it did in 2019.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.20 per tonne, down $4.32 per tonne62% Fe low-alumina fines, cfr Qingdao: $124.40 per tonne, down $4.50 per tonne58% Fe fines high-grad...Read More

Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,...Read More

Iranian steel billet producers have managed to sign fresh contracts at higher prices despite the slowdown of buying activity in the country's major export sales outlets of Southeast Asia and China.The fall in demand from Asian customers can be explained by the decline in the Chinese stock market and weakening iron ore prices, sources told Fastmarkets on Wednesday September 16.On Wednesday, the mos...Read More

Buyers in the Philippines, Malaysia and Thailand have been in the market for imports of steel billet at higher prices over the week despite China's continued absence, sources told Fastmarkets on Wednesday September 19.Chinese billet buying behavior has often informed decisions at mills in Southeast Asia this year but China's reticence to make further bookings has been met with a handful of transac...Read More

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More

Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More

Adjusted for inflation, gold's price has not hit the all-time high yet, said Lobo Tiggre of The Independent Speculator."If we go by what the BLS [Bureau of Labor Statistics] publishes for its CPI data, we can see that gold has not hit a new all-time high. To match the 2011 peak, gold would have to go over $2,150, which we haven't reached yet, and to match its 1980 peak, it would have to go over $2...Read More

Hosts Robert and Kim Kiyosaki and guest Chris Powell discuss how it is legal for the U.S. government to manipulate the price of gold and to do so secretly to deceive investors in other countries. Listen to find out what Chris Powell predicts for gold and the dollar over the next five years.Chris Powell was managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, from...Read More

According to Craig Hempke, a/k/a Turd Ferguson, there's nothing the Fed can do now to staunch the ever increasing amount of government debt. Their hands are tied, raising interests rates is not an option and Fed Chair Jerome Powell has tacitly admitted as much. That means higher inflation, low rates into the indefinite future and by reference, higher precious metals prices. BTW, have you seen the...Read More