Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneThe exchange rate on Friday June 5 at 46,000 yuan to $6,462.Friday June 5Price unchan...Read More
Spot cobalt hydroxide payables came off their recent highs during the second half of last week with consumers having completed the bulk of their recent restocking drive. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China stood at 65-66.5% of the standard-grade metal price (low-end) on Friday June 5, narrowing downward from 65-67% on June 3."Everyone is taking a pause to take th...Read More
We learned from Dr. Chris Burns, COO of NOVONIX Group (ASX:NVX), that they are focused on battery materials development and advanced R&D and testing solutions for lithium ion batteries, particularly in the energy storage sector that requires advanced materials, with extremely long cycle lives that can be produced at low cost. The Company's R&D center, Novonix Battery Testing Services, is located i...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN broke through its multi-month trading range, powering 47.21 points or 5% higher. The Index closed at 971.26.MACD nearly doubled, rising 4.32 points to 8.95. RSI shot up 16.59 or 35.5% to 75.46, notching a multi-week and multi-month high.Support is at 887 (20-day mov...Read More
Here are five Fastmarkets stories you might have missed on Monday June 8 that are worth another look.Workers at Italian flat steel producer ArcelorMittal Italia will go on strike on Tuesday June 9 to protest job cuts, presented as part of new industrial plan, Italian trade unions Fim, Fiom and Uilm said on June 6.The main workers' union representing employees of Cobre Panam??, Utramipa, is pressur...Read More
Domestic prices for hot-rolled coil in Europe continued to slide during the week to Friday June 5 amid low demand.Fastmarkets' daily steel HRC index, domestic, exw Northern Europe was calculated at ?,?398.75 ($450.26) per tonne on Friday, down by ?,?1.96 per tonne week on week and by ?,?24.25 per tonne month on month.Friday's index was calculated based on deals and workable prices heard at ?,...Read More
Workers at Italian flat steel producer ArcelorMittal Italia will go on strike on Tuesday June 9 to protest job cuts, presented as part of new industrial plan, Italian trade unions Fim, Fiom and Uilm said on June 6. ArcelorMittal presented a new industrial plan to the Italian authorities last week that included 5,000 job cuts, market sources told Fastmarkets. In early March this year, before the Co...Read More
Fastmarkets' weekly price assessments for the CIS export steel market will not be published on June 8 because of a public holiday in Ukraine. Instead, the prices will be published on June 9. The prices affected:CIS export cold rolled coil $ per tonne fob Black SeaCIS export hot rolled coil $ per tonne fob Black SeaCIS export heavy plate (10-50mm) $ per tonne fob Black SeaCIS export rebar $ per ton...Read More
Retail prices for rebar decreased in Egypt, with market participants expecting producer prices to follow down and in line, sources told Fastmarkets on Monday June 8.Rebar is now sold at E ?9,200-9,750 ($566-599) per tonne including 14% VAT in retail market, narrowing downward from E ?9,200-10,100 per tonne, Egyptian traders informed Fastmarkets.On May 21, Egypt's...Read More
Prices for steel rebar in Russia's Central Federal District around Moscow stabilized over the past week, while trading activity remained modest, sources told Fastmarkets on Monday June 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% VAT was at 31,500-32,000 roubles ($459-466) per tonne on Monday, same as last week.Buying was sti...Read More
The imported deep-sea scrap prices in Turkey have continued to move up with more deals heard in the market, sources said on Monday June 8.Turkish steel mills have been active in the deep-sea scrap markets for the past couple of weeks since the easing of Covid-19-related restrictions and improving domestic demand for steel products in Turkey.Three new scrap cargoes were heard late on Frid...Read More
The Fed has been extremely aggressive and markets have responded - are we headed towards all time highs?Tapering of the Fed's balance sheet expansion and what it means for the marketsHow is Luke positioned for what's on the horizon??>>?Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke pro...Read More
Danielle DiMartino Booth believes companies will have leaner workforces going forward due to structural changes after COVIC-19.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 econom...Read More
Danielle DiMartino Booth 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 Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
What's so insidious about the Fed's bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT...Read More
Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss the May jobs report and whether the U.S. economy is headed for a faster recovery than many were predicting.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the worl...Read More
It seems like only yesterday. Americans were denied the right to go to their churches. They were denied the right to visit their loved ones in the hospital. They were denied the right to open their businesses and go to work to provide for themselves and their families. They were denied the right to go to restaurants, to bars, to hair salons.No laws were passed denying these rights. Even that would...Read More
Millennials have the greatest opportunity staring them in the face today. However, because so many young people have been taught that in order to be successful in life you have to go to school, get a good job, and invest for the long-term in stocks, bonds, mutual funds, and ETFs they find themselves in a financial crisis during this global pandemic. With perspectives on money and investing that of...Read More
"We are getting to the point where narratives are more important than truth," Schaffer said. "And the truth when inconvenient makes you a hateful person. This is 1984."Continue...Read More