The U.S. Department of Energy is now backing continued research of an incredible fuel that has up to three times the energycontent of gasoline.More importantly, it could be the only fuelon earth that produces zero emissions when burned.Until recently, this remarkable fuel wasconsidered too dangerous and expensive to be used commercially…But a new technological breakthroughappears to have ma...Read More

Investment involves taking a risk. It involves putting yourmoney on something with the hope that it will increase in value. Therefore, itwill be difficult for you to participate in the investment if you are not arisk-taker. Anything can happen at any time, and you might end up incurringlosses or profits. For someone who only had hopes of making a profit, thelosses may discourage him/her. Inve...Read More

Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More

Peter Krauth of the Gold Resource Investor discusses rising inflation and the role of hard assets. Sure Mr. Biden, money is cheap. But whose money is it?The White House recently sent a $6 trillion budget plan to Congress. Let that sink in for a moment.Biden's first wide-ranging budget calls for big spending on infrastructure, education and, of course, climate change. His plan lays out $6 trillion...Read More

The current upward momentum in pricing in the steel market should continue in the third quarter with support from short supply and solid demand, buoying an already optimistic market, the International Rebar Producers & Exporters Association (Irepas) said on June 4.EuropeRebar prices reached new highs during the second quarter of 2021 on support from long lead times, strong demand and limited impor...Read More

Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More

Strong demand and tight supply supported aluminium premiums at recent multi-year highs across the globe on Tuesday June 8, although levels for those in South Korea were unchanged for two months.End-user interest and insufficient supply offset London Metal Exchange backwardation in Rotterdam Japanese premium holds at two-year high on fresh deals South Korea stable for eight weeks amid little market...Read More

Mexican ferrous scrap prices continued to increase during the week ended Friday June 4, with demand for steel and raw materials remaining strong.Some scrap buyers accepted price adjustments to their buying prices for certain grades, with sellers using higher-priced deals to leverage negotiations with buyers who insisted on lower prices. As a result, more deals were reported at higher lev...Read More

Steel billet producers in the Commonwealth of Independent States have kept their offer prices unchanged despite limited trading activity, Fastmarkets heard on Tuesday June 8.There was market chatter about a sale of Ukraine-origin billet to the Philippines at $635-640 per tonne fob (about $695-700 per tonne cfr) this week, but no details were released by the time of publication.A bid for billet fro...Read More

Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More

London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.The LME has just announced it will reopen the open outcry trading floor, which was temporarily closed due to Covid-19, on September 6.Its plan, however, comes with a twist; some ring dealers say, a knife.The official prices - which the global trade and industry use as the global reference for physical...Read More

Is it possible that a precious metals reset could actually be good for the banks?by Chris Marcus of Arcadia EconomicsCould higher #silverprice actually be good for the banksThere has been a lot of discussion on this channel, as well as others, about how the banks have suppressed the silver price far below its true free market value.Yet many ask why the price would only be suppressed lower, and if...Read More

Tin was the best performer on the London Metal Exchange on June 8 due to its constrained global supply situation being set to worsen amid disruption from MSC, while the rest of the complex finished positively on afternoon US trade despite a broader consolidation.LME tin's three-month price closed at $31,223 per tonne on Tuesday, jumping up by 2.3% from Monday's closing price of $30,525 per tonne,...Read More

London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.The LME has just announced it will reopen the open outcry trading floor, which was temporarily closed due to Covid-19, on September 6.Its plan, however, comes with a twist; some ring dealers say, a knife.The official prices - which the global trade and industry use as the global reference for physical...Read More

The London Metal Exchange will enhance its off-warrant stock reporting, including limiting the warranting of metal that has not previously been disclosed in off-warrant stock reports, the exchange said on Tuesday June 8.The responses to the LME's discussion paper were generally supportive of the exchange taking a greater physical market role with respect to the off-warrant stock report, the LME sa...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.United States sheet prices hit record highs again in May, with upward momentum carrying into June. Actual US HRC prices averaged $1,712 per tonne in May, largely in line with our forecast of $1,698 per tonne. Strong underlying supply-and-demand conditions both in the US and globally are supporting prices as well as long lead...Read More

RAPAPORT... India's polished-diamond exports will increase 20% to more than $20 billion this fiscal year as sentiment improves in key retail markets, a credit agency has forecast.China's apparent defeat of Covid-19 and the US's vaccine rollout have lifted consumer confidence in both countries, Mumbai-based Crisil Ratings said last week. Those two markets account for around 75% of India's poli...Read More

RAPAPORT... Group revenue at Chow Tai Fook rose for the full fiscal year amid an expansion of the company's mainland China operations and improved consumer sentiment.Sales jumped 24% to HKD 70.16 billion ($9.04 billion) for the 12 months ending March 31, the company said Tuesday. The increase reflects a favorable comparison with the same period in 2020, when the coronavirus pandemic forced numerou...Read More

RAPAPORT... In both financial and diamond industry terms, 2017 seems like an eternity ago. Bankers at the Dubai Diamond Conference in October of that year gave a stark warning to the diamond sector: The trade is over-financed, insufficiently transparent, not profitable enough, and altogether too risky. This was their unanimous observation, to the discomfort of the audience. With bank credit a...Read More

RAPAPORT... The Rapaport Diamond Podcast looks at Pandora's decision to focus on lab-grown stones instead of mined goods, and whether higher-end brands could go down the synthetics route.With Cartier CEO Cyrille Vigneron hinting to Forbes that it wouldn't rule out using lab-grown diamonds, could man-made stones have a future at the top jewelry maisons?The team also reflects on the latest deve...Read More