"Essentially, we have a new virus...it is much deadlier, much more infectious and infectious for much longer," the veteran chancellor said at a press conference in Berlin.Continue...Read More

Flood every unit of local government with federal cash, irrespective of need, while prohibiting tax cuts, thereby bailing out failing states and cities:Continue...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More

Goldrich Mining Co. reported that its common shares are now trading on the U.S. OTCQB Venture Market. Goldrich Mining Co. (GRMC:OTCQB) in a news release announced its "successful uplisting to the OTC Markets Group Inc.'s OTCQB(R) Venture Market (OTCQB)." Goldrich Mining advised that its common shares commenced trading under the ticker symbol "GRMC" on the OTCQB effective March 19, 2021.The firm e...Read More

Outcrop Gold Corp. reported that its shares have been accepted to begin trading on the U.S. OTCQX Best Market. Outcrop's Colombia ProjectsIn a news release, Outcrop Gold Corp. (OCG:TSX.V; OCGSF:OTCPK; MRG1:DE) announced that "it has qualified to trade on the OTCQX(R) Best Market, a top-tier public market in the U.S. and its common shares are now trading on the OTCQX under the ticker symbol OCGSF....Read More

Ferrous scrap prices in Mexico went up another level in the week ended Friday March 19, amid a continuing rally in prime scrap values.Demand for prime grades of scrap continued to rise during the week, with sellers being successful in getting better deals. Price increases from the previous week came into full effect, and there were also reports of fresh price rises from some steelmakers in both th...Read More

Turkish steelmakers have continued to hold back from the deep-sea scrap import markets after the unexpected sacking last weekend of the governor of the country's central bank, which caused a sharp decrease in the exchange-rate value of the lira, market sources said on Tuesday March 23.The Turkish lira crashed at the beginning of the week following the sudden decision by President Recep Tayyip Erdo...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More

Bulk freight problems and strong billet demand from China have led to a sharp rise in the steel billet-scrap spread in recent weeks, Fastmarkets pricing data shows.The premium that Fastmarkets' assessment price for steel billet, import, cfr Southeast Asia carries over the assessment for steel scrap, HMS 1&2 (80:20), cfr Vietnam rose to $165 per tonne on Friday March 19 - the highest level recorded...Read More

China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).Fastmarkets summarizes five key targets under the new five-year plan that are likely to underpin corres...Read More

TheFed’s Open Markets Committee met last week and left policy unchanged – at leastfor the moment.Noone expected central banking officials to make rate adjustments last week withequity prices rubbing up against all-time highs and the economic recoverynarrative still dominant.Centralbankers are likely getting nervous, however. Treasury yields are surging, andit is only a matter of time b...Read More

Gold’s volatile little brother had aninteresting run thus far, with internet forums buoying its price. But willfundamentals prevail? Where is silver headed?“The Ides of March are come,” saidCaesar. “Aye Caesar; but not gone,” replied the soothsayer. The Ides of Marchquotation is often bandied about in financial articles midway through themonth. Caesar was assassinated...Read More

A year ago this past week marked the onset of the Covid-19 Pandemic. It also was the last full week of trading in the financial markets preceding crashes in all markets and a near-complete, albeit temporary, shutdown of economic activity.Subsequent rebounds in stocks, bonds and real estate took valuations to levels as high  or higher (much higher for stocks and gold) than before the turbulenc...Read More

Sector expert Michael Ballanger considers how recent market moves have influenced investment in the precious metals markets. I had not intended to hit the keyboard today, having worked all week to prepare the Special Situations Report on my top-performing Norseman Silver Ltd. (NOC:TSX.V) (whose 65% year-to-date advance and 869% advance since the March 2020 lows has been a pleasant surprise), but F...Read More

The ECB accelerated its asset purchases, but unless the Fed follows suit, gold may continue its bearish trend.On Thursday (Mar. 11), the European Central Bankdecided to accelerate its asset buying under the Pandemic Emergency Purchase Program :Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council expects purchases under the PEPP over the next quarter...Read More

China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).Fastmarkets summarizes five key targets under the new five-year plan that are likely to underpin corres...Read More

Volkswagen has decided to temporarily suspend production in all its Brazilian plants because of the worsening situation of the Covid-19 pandemic in the country, the company announced on Friday March 19The stoppage will last for 12 days and will start on March 24. Only essential activities will be allowed in the factories."The measure aims to preserve the health of the company's employees and their...Read More

The never-before-seen measures meted out by China's Tangshan municipal government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all st...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More

An imbalance between supply and demand and the increases in freight costs boosted global aluminium premiums in the week to Tuesday March 23, with the Rotterdam duty-unpaid price at a multi-year high and the United States Midwest premium reaching its highest since October 2018.Swift increase in Rotterdam amid bullish spot marketUS Midwest continues to rise on tight supplySouth Korea premium chases...Read More