UK inter-merchant spot prices for light iron scrap were unchanged in the week to Friday August 28 due to the upcoming summer bank holiday in the country keeping trading quiet, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?95-105 ($125-138) per tonne on Friday, unchanged week on week.The market was qui...Read More
South Korean steel mills were able to secure deals for Japanese heavy scrap at largely stable prices over the past week, capitalizing on the mixed outlook in east Asian scrap markets.The direction of the Japanese market was unclear at the start of the week, sources said, with Turkey still absent from booking and a rising number of Japanese heavy scrap cargoes being offered.One Japanese trader told...Read More
Demand for ferrous scrap imports in the key Southeast Asian market of Vietnam remained firm in the week to Friday August 28.At least five cargoes totaling 20,000-30,000 tonnes of bulk Japanese H2 scrap were sold at $293, $294, $295, $296 and $298 per tonne cfr Vietnam."Many buyers who were hesitating last week finally entered the market and started buying," a Vietnamese trader told Fastmarkets on...Read More
The ongoing strong performance in India's ferro-chrome market has been a tailwind for the Japanese and South Korean markets, with suppliers pushing up their offer prices even though these had not yet fed into confirmed business, sources told Fastmarkets. Fastmarkets' fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan ticked up to $0.68-0.72 per lb on Thursday, up...Read More
Elon Musk promises a "giant contract" with the miner that can supply nickel for Tesla Inc. batteries at low cost with minimal environmental impact, yet the industry's messy track record may make that deal difficult to clinch.Read full newsRead More
The total capitalisation of the crypto market has receded by $16.7 billion over the last seven days. Bitcoin lost almost 5% last week, while the restRead full newsRead More
Canada Silver Cobalt (TSX-V: CCW) presents at the Proactive One2One Virtual ForumRead full newsRead More
Granada Gold Mine Inc. is pleased to announce that the Company haRead full newsRead More
Golden Arrow Resources Corporation is pleased to report that drilRead full newsRead More
Gold has turned out to be a safe haven during this pandemic. Along with technology, it is another investment that analysts are assessing for a bubble. Many experts are saying that gold is experiencing a bigger bubble than technology.Investors use gold to hedge against market volatility and inflation. The pandemic and resulting market chaos have quickly appreciated the market value of the gold comm...Read More
Aug 28, 2020 Gold was unable to re-take $2,000 level this week. But there was plenty of volatility keeping investors on their toes.The biggest event was Fed Chair Jerome Powell introducing a new approach to setting monetary policy, which lets inflation and employment run higher. The Fed will now seek inflation that averages 2% over time. This shift ensures that interest rates remain low for years...Read More
In a pre-Jackson Hole interview, bond strategist George Goncalves paints a picture for bond bears that depicts how long-bond Treasury yields could head higher in the weeks ahead. While 2021 may well be a different story, the amount of Treasury supply about to hit the market may reveal a Fed that is willing to let the long end of the bond market steepen.That is a theme we have been discussing in o...Read More
In this week's free Insights newsletter, inflation-oriented stocks take a break after a strong run. Meanwhile, insiders shed some gold mining exposure in favour of builders. Finally, how our insider of the week might help get the TC Energy's Energy East Pipeline going again, and he is not even from the oil patch. Read the latest issue here. Read More
The coming chaos will cause fundamental changes in monetary policy, and central banks are going away. There will be a reversion back to market forces...Michael Oliver interviewed on Palisade RadioTom welcomes Michael Oliver back to the show. Michael discusses his book on Anarcho-Capitalism, which focuses on educating readers in Libertarianism and limited government principles. He discusses their a...Read More
Aug 27, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - A post-COVID new normal...Read full newsRead More
Aug 30, 2020 Guest(s): David Barse Founder & CEO, XOUT Capital Investors have 'nowhere to go but equties' as risks for the stock markets are skewed to the upside, David Barse, founder and CEO of XOUT Capital, who noted that investors should be careful to stay away from value traps. Barse's investment strategy with the XOUT index is to eliminate the worst performing large-cap stocks that have a "...Read More
Here are five Fastmarkets stories you might have missed on Friday August 28 that are worth another look.South American flat-rolled steel import prices ended the week on August 28 showing no clear trend because deals for October-shipment cargoes were very scarce, and customers were still waiting to hear offers for November shipments.The first...Read More
China's August manufacturing and services PMI later today, the Caixin PMI tomorrow and US ISM manufacturing data on Wednesday were expected to show slight improvements, Pepperstone head of research Chris Weston said.Meanwhile the gold price has climbed back up to more than US$1,971 an ounce on the spot market.India's gold imports hit a five-month high in July "as market returns in premium," the Wo...Read More
OceanaGold has now forecast Haile's 2020 production to be in the range of 135,000-175,000oz at a site all-in sustaining cost of between $1100-1400/oz, with the wide output range a functionRead More
Here are five Fastmarkets stories you might have missed on Friday August 28 that are worth another look.South American flat-rolled steel import prices ended the week on August 28 showing no clear trend because deals for October-shipment cargoes were very scarce, and customers were still waiting to hear offers for November shipments.The first...Read More