A summary of base metals premiums from across the globe for the week to Tuesday December 29.Please click...Read More
The three-month tin price on the London Metal Exchange reached a new 2020 high, while zinc's forward price saw a 2% slump and the rest of the base metals were mixed at the 5pm close on Tuesday December 29.Tin's three-month price hit $20,410 per tonne, overtaking the previous high of $20,245 per tonne on December 18.The price retreated slightly to $20,386.50 per tonne at the close, a gain of 1% fro...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on December 29.Fastmarkets' premium for the supply of aluminium...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comDec 29, 2020 Gold is the ultimate asset and investors who took my $1778 buy recommendation are looking good. The big question now is: Will the traditional Chinese New Year rally occur, or will there be a test of the recent lows? Please click here now. Double-click to enlarge this daily go...Read More
Chile is set to reach its peak total copper production in 2028 at 7.35 million tonnes, a 26.9% increase from 5.79 million tonnes in 2019, the country's copper commission, Cochilco, said in its 2020-2031 outlook on Tuesday December 29.Output will start to retract from 2028 on due to depletion to reach 7.09 million tonnes in 2031, with an average growth of 1.7% per year from 2020 until then, the com...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on December 29.Fastmarkets' premium for the supply of aluminium...Read More
A whitepaper published by the Chinese government on December 21 entitled "Energy in China's New Era" underlines Beijing's determination for the development of a green, low-carbon and sustainable energy sector."Building a clean and diversified energy supply system" is listed as one of the five action points that China needs to work on to develop its energy sector. The other four points center on en...Read More
A summary of China's battery raw materials exports for November 2020.In brief China's cobalt metal exports fell to a single digit, recording the lowest level since June 2016. Export appetites have been relatively thin due to a stronger domestic Chinese market and sluggish overseas demand amid the Covid-19 pandemic fallout.China's lithium carbonate exports decreased in November both on a monthly an...Read More
The CME Group's cash-settled cobalt futures contract, which is tied to Fastmarkets' daily benchmark price assessment for the metal, was traded for the first time on Monday December 28. One lot was traded for each month of the first quarter of 2021 at $15.60 per lb. These are the first three lots to be traded since the contract's launch on December 14.The contract, traded under the Bloomberg ticker...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on December 29.Fastmarkets' premium for the supply of aluminium...Read More
Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on Tuesday December 29.Turkey imported 1,132,907 tonnes of HRC under HS code 7208 in the first 10 months of 2020, down by 12.73% from 1,298,189 tonnes in the same period of 2019, according to the Turkish statistical Institute (T?oeI...Read More
Share this article VANCOUVER - ZEN Graphene Solutions Ltd. [ZEN-TSXV; ZENYF-OTC] shares gained almost 40% in active trading Tuesday, December 29 after the company released more test results on a potential graphene-based antibiotic, antiviral and antifungal compound.Previous test results from the University Health Network/Mount Sinai Hospital Department of Microbiology in Toronto, Ontario, showed...Read More
Domestic flat steel prices in Russia's Central Federal District around Moscow continued to rise in the week to Tuesday December 29 due to a shortage of material, strong export market prices and higher buying activity, sources told Fastmarkets.Hot-rolled sheetFastmarkets' weekly price assessment for steel hot-rolled (HR) sheet, domestic, cpt Moscow, Russia was 58,000 roubles ($785) per tonne includ...Read More
One of the best ways to make money in the stock market is to find a dominant technological trend and buy the leaders. At my newsletter Bull and Bust Report we have profited from the 5G megatrend. Broadcom is up 98%, Qualcomm is up 174%, and SBA Communications is up 54%.We have profited from fintech. Visa is up 169%, PayPal is up 105.36%, and Mastercard is up 16%.The next five-year megatrend we...Read More
Export prices for long steel products from the Commonwealth of Independent States (CIS) rose again during the week to Tuesday December 29 amid strong market fundamentals.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $650-670 per tonne on Tuesday, up by $20 from $630-650 per tonne a week earlier.Offers for Russia-origin re...Read More
Steel rebar and billet prices in the United Arab Emirates (UAE) remained stable over this assessment week after producers closed their order books a week ago and intend to announce new prices next week or later, sources said on Tuesday December 29.Domestic rebarThe country's steel producers sold rebar at 2,259-2,295.5 dirhams ($615-625) per tonne ex-works for orders to be produced in January last...Read More
The domestic rebar market in Russia's Central Federal District around Moscow was quiet in the week to December 29 with most producers still holding back January volumes on export duty imposition fears, several sources told Fastmarkets.In the second half of December, Moscow-based construction companies lodged a complaint to the government about sharp rebar prices increase in the fourth quarter of 2...Read More
Seaborne iron ore prices declined again on Tuesday December 29 due to the cold wave in China suppressing operations at ports and leading to weakened steel demand, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $163.02 per tonne,down $0.83 per tonne62% Fe low-alumina fines, cfr Qingdao: $163.50 per tonne,down $1 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.15 p...Read More
China's domestic rebar prices halted their upward trend on Tuesday December 29 on market participants' pessimistic outlook for end user demand, Fastmarkets heard.DomesticEastern China (Shanghai): 4,430-4,450 yuan ($678-681) per tonne, unchangedAdverse weather led to weak rebar demand at construction sites and disturbed truck transportation, sources said.The rain and low temperature will continue f...Read More
Marc Faber says that in the 70's the US stock markets was oscillating between 20-30% of the GDP. Now, it is 190%. It is a sign that financial markets are high and economic activity hasn't expanded that much. At the same time, we have the commodities market, especially agricultural commodities and related stocks, that are relatively depressed. Compared to financial assets, precious metals are relat...Read More