"It's most egregious in the momentum trading by novice investors lured in by new types of brokerage operation like Robinhood and I think all of this activity is regrettable." Continue...Read More
In a face-off sparked by a random Twitter exchange, Robinhood CEO and co-founder Vlad Tenev sat for an interview with Barstool Sports' Dave Portnoy Continue...Read More
Just when it seemed like the COVID pandemic may be subsiding, a new COVID strain has emerged in California thatContinue...Read More
"Gold is still in the danger zone since Powell did not deliver a response Continue...Read More
CPM's Jeff Christian spoke about the move to the March Comex silver futures contract first delivery day on Friday, the relationship between futures contracts and inventories, and why observers suggesting the March futures being rolled into the May contract is a crisis that could lead to a collapse or default of the silver market are incorrect.Read More
Billet producers from Iran achieved higher sales prices in the recent round of tenders on support from the uptrend in the global steel billet market, sources told Fastmarkets on February 24.The main drivers for the growth in global billet prices are the market expectations of a return in interest for imported semi-finished products at higher prices in China after the Chinese New Year celebrations...Read More
China's domestic rebar prices halted their recent decline on Wednesday February 24, supported by strong futures and a rise in demand.DomesticEastern China (Shanghai): 4,600-4,620 yuan ($712-715) per tonne, unchangedThe May rebar contract increased on market participants' bullish outlook for demand when the contract is delivered.Spot market demand also increased with more end users back to work.But...Read More
Highlights of the last holes drilled in 2020 at Dolly Varden Silver's namesake property are covered in a Mackie Research Capital Corp. report. In a Feb. 16 research note, Mackie Research Capital Corp. analyst Stuart McDougall reported the final assay results of Dolly Varden Silver Corp.'s (DV:TSX.V; DOLLF:OTCMKTS) 2020 drill program at its Dolly Varden project in the Golden Triangle region of Bri...Read More
Spot activity in the molybdic oxide market slowed this week, leaving the recent rally to stall, though ferro-molybdenum prices continued to rise as sellers sought to protect already squeezed margins.Fastmarkets' price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam rose by 1.2% during the first half of the week, to $28.80-29.50 per kg from $28.50-29.10 per kg previously. Fastmarkets'...Read More
Nickel futures prices in London rose on Wednesday February 24 after the world's top producer, Norilsk Nickel, announced it had suspended production at two of its mines: Oktyabrsky and Taimyrsky. The London Metal Exchange three-month nickel price was recently trading at $19,660 per tonne, 1.5% higher than at the 5pm close on Tuesday February 23.The price has rallied significantly in February, curre...Read More
Prices for steel hollow sections in Europe were unchanged over the past week, but mills were said to be considering a round of increases, sources told Fastmarkets on Wednesday February 24.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?860-880 ($1,045-1,070) per tonne on Wednesday, unchanged week on week.The price of hot-rolled coil - the feed...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in London,...Read More
Metalsmarkets continue to diverge this week, with copper and platinum adding torecent breakout gains while gold struggles to find footing.Duringthis week’s selloff, gold revisited its lows from last November. A supportlevel exists at $1,750, but momentum selling could take prices down a bitfurther before technical gauges flash deeply oversold signals. Turningto silver, the white metal contin...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 24 that are worth another look.Brazilian steel prices have reached an equilibrium in comparison with international prices and are expected to remain at current premiums to imports, Gerdau chief executive officer Gustavo Werneck said...Read More
Global tin ingot premiums notched significant increases in the two weeks to Tuesday February 23, with premiums in both the United States and Taiwan reaching new highs; at the same time, tight global tin supply has begun affecting European business, prompting a 22% rise in the Rotterdam ingot premium. US tin imports close to nil; premium surges to new high Taiwan tin trade gets liquidity boost...Read More
Spot activity in the molybdic oxide market slowed this week, leaving the recent rally to stall, though ferro-molybdenum prices continued to rise as sellers sought to protect already squeezed margins.Fastmarkets' price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam rose by 1.2% during the first half of the week, to $28.80-29.50 per kg from $28.50-29.10 per kg previously. Fastmarkets'...Read More
Domestic prices for hot-dipped galvanized coil increased again in Europe over the week to Wednesday February 24, due to a material shortage, sources have told Fastmarkets.In addition, demand from both end-consumers and distributors has been high, market participants said.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Europe, was ?,?850-870 ($1,033...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 24 that are worth another look.Brazilian steel prices have reached an equilibrium in comparison with international prices and are expected to remain at current premiums to imports, Gerdau chief executive officer Gustavo Werneck said...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 24.Please click...Read More
Bullish sentiment returned to the London Metal Exchange during afternoon trading on Wednesday February 24, with nickel up by 1.8%, aluminium setting a new 2021 high, and most metals closing higher than on Tuesday following a limited period of selling and consolidation after new 2021 highs.Nickel's three-month price showed the biggest rise on Wednesday at 5pm, to $19,709 per tonne, after closing be...Read More