Yellow Cake Uranium (AIM: YCA) offers exposure to the uranium spot price. The Company's strategy is to buy and hold physical uranium oxide (U3O8) and to deliver maximum exposure to the expected resurgence in the uranium market. We learned from Andre Liebenberg, who is the Executive Director and CEO of Yellow Cake Uranium, that they now own about 10 million pounds of uranium that will soon grow to...Read More
After a Covid-inflicted year out, the Cobalt Institute's annual conference is running its event virtually in 2021. While the usual sideline chatter will be largely absent, there are plenty of topics up for discussion, as Fastmarkets reporters outline here. Will Chinese buyers return to the market? The year started with a strong rally on metal which led to two-year price highs; driven by demand fro...Read More
ImClone Systems was a market darling back in the day. The stock price went from single digits to $170 a share in about a year.ImClone was a biotech company that developed a drug called Erbitux. Today, Erbitux is a cancer medicine that interferes with the spread of cancer cells in the body. The drug is used in combination with other drugs to treat colon and rectal cancer as well as head and neck c...Read More
The Chinese nickel sulfate price further extended its gains amid an uptick in the London Metal Exchange nickel price in the seven days to Friday May 14, although market participants are starting to become cautious of the volatility in the nickel price. Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China at 33,000-33,500 yuan ($5,132-5,209) per tonne on Friday, u...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 18 that are worth another look.Sales volumes of flat-rolled steel by Brazilian distributors were up 106.69% in April from the corresponding period of 2020, amid a lower comparison basis and stronger end-user demand, national...Read More
European hot-rolled coil buyers face a shortage of steel and have little alternative but to accept offer prices from domestic mills, market sources said on Tuesday May 18. Since steelmakers have largely stayed out of the spot market, the number of completed deals remains small for now although demand both from end consumers and from distributors remains strong. Buyers said they have no option but...Read More
Flat-rolled steel import prices in the United Arab Emirates and Saudi Arabia increased further during the week ended Tuesday May 18, but demand has yet to improve due to limited market activity after the Eid Al-Fitr holiday, sources told Fastmarkets.The Eid holidays ended on May 17 and stock levels are low in the countries, so buying is likely to improve soon, sources added.Saudi ArabiaHot-rolled...Read More
Crude steel production in Italy jumped year on year in April, mostly driven by higher output of long steel products, Italian steel association Federacciai said on Tuesday May 18.Italian crude steel production totaled 2.06 million tonnes in April, up by 78.94% from 1.15 million tonnes in April 2019.Long steel output more than doubled year on year in April, to 1.17 million tonnes from ...Read More
Steel billet and rebar prices increased sharply in the United Arab Emirates during the week ending Tuesday May 18 due to very good demand after the Eid al-Fitr holiday ending earlier in the week, sources told Fastmarkets. "Contractors are buying more steel, expecting big price increases," one trader told Fastmarkets. The country's biggest producer, Emirates Steel, announced its rebar price at 3,06...Read More
Several of Pakistan's leading rebar producers have announced price increases this week, Fastmarkets has learned. The Pakistan market had been closed for the religious holiday of Eid al-Fitr holiday from May 8-16, before returning to work on Monday May 17. In documents seen by Fastmarkets, the increases reported by various mills are as much as 5,000 Pakistan rupees per tonne, equivalent to $33 per...Read More
Mexican ferrous scrap prices were little changed for the week ended Friday May 14, with buyers and sellers heard making minor adjustments and getting prices closer to an average.Few price increases were reported in the Monterrey and Baj?-o regions, with some scrap buyers leveling their purchase prices with the market average."Demand for scrap continues [to be] very good in Mexico," a scrap de...Read More
The world will need more than twice the amount of copper that it used in past three decades if it is to hit Paris Climate Agreement targets in the next 30 years, BHP's chief executive officer, Mike Henry said this week.Speaking at the Bank of America Metals, Mining & Steel conference on Tuesday May 18, Henry said demand for nickel will quadruple over the same timeframe.He added that meet...Read More
German steelmaker Salzgitter has started construction on a demonstration plant for the production of direct reduced iron (DRI) as part of its Salzgitter Low-CO2Steelmaking project, known as Salcos, the company said on Monday May 17. The plant will be supplied by equipment manufacturer Tenova, and is the first iron ore direct reduction plant designed to operate flexibly with natural gas and hydroge...Read More
*This video was recorded on May 4th, 2021Legendary investor Stanley Druckenmiller, Founder, Chairman and CEO, Duquesne Family Office, provided his investment insights during a 20-minute keynote speech on COVID's macro consequences, followed by an engaging Q&A moderated by SIF 2015 alum Rubin Miller, Regional Director at Dimensional Fund Advisors.Stanley Druckenmiller is an American investor, hedge...Read More
Join Mike Maloney as he investigates one of the biggest 'rabbit holes' in the entire history of the United States: Who Really Owns America's Gold? Here in Part 1, Mike delivers some important background and evidence that will be crucial to understanding the revelations coming in Part 2.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.c...Read More
The collapse is so advanced, that nothing can be done about it...Former US Assistant Secretary of the Treasury for Economic Policy Dr. Paul Craig Roberts joined Paul "Half Dollar" Eberhart on Silver Doctors on Tuesday, May 18, 2021, for a robust discussion on several current events, including -What is happening in America right now?Isn't America falling farther behind in skills like science & math...Read More
We touched upon many subjects ranging from numismatics, the economy, monetary policy, and the impending currency system reset that will take place after hyperinflation. Lynette also answered questions submitted by the viewers.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert fin...Read More
0:00 - Stock market outlook2:56 - Cash allocation4:12 - Gold7:05 - Biggest risks for equity markets8:32 - Triggers for a correction10:50 - Quantitative easing12:37 - Wages, inflation, deflation15:05 - Portfolio allocation17:49 - Stock picksThe end of this current bull market cycle will be marked by "significant damage," said Ted Oakley, founder and partner of Oxbow Advisors, who have currently all...Read More
Bill Gates is reportedly the largest farm owner in the US while trying to patent and control the distribution of seeds worldwide. There is a big push back, however, in the country of India. In this exclusive interview, we hear from Vandana Shiva who is leading a remarkable charge to push back against Bill Gates and his foundation. Read More
The junior gold stock fire sale is probably over says pro mining investor David Erfle. David sees generalist investors not only moving into gold stocks but also moving down the food chain within the gold sector looking for value which they'll find in the junior gold stocks relative to the majors. David provides his gold price commentary. He also discusses the significance of Newmont breaking out t...Read More