Key data from Fastmarkets' pricing session in Europe on Wednesday January 20.Key drivers European titanium scrap markets jumped for low tin and higher tin-content material over 20% and 10%, respectively, amid a severe shortage of feedstock, which has worsened this year due to the cumulative impact of the Covid-19 pandemic on end-user industries, particularly aerospace.This is the third consecutive...Read More

German automaker Audi has gained recognition for its sustainable and responsible sourcing of aluminium by attaining the Aluminium Stewardship Initiative (ASI) "Chain of Custody Standard" (CoC). The certification applies to Audi's press-shop operations at two auto body plants in Germany - at Neckarsulm and Ingolstadt. The two plants produce automotive body parts&n...Read More

A summary of Antofagasta's production results for the fourth quarter and full year of 2020, as stated in its quarterly production report published on Wednesday January 20.Chilean copper miner Antofagasta's copper production dropped by 4.7% to 733,900 tonnes in 2020 from a year earlier, due mainly to lower grades at the Centinela mine in...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were once again mixed this morning, Wednesday January 20, but the likelihood of plentiful US fiscal stimulus in the days ahead is likely to underpin markets at least for a while, although any new measures to tackle Covid-19 may well become a headwind. US Dollar Index heads lower again Market full of expectations as Joe B...Read More

The price of standard-grade cobalt has hit a fresh high, reaching numbers not seen in nearly two years after non-Chinese consumers stepped into the market in the week to Wednesday January 20, with enough strength to help a two-week price rally continue after buying interest from China dipped.Trading volumes were now at "normal" levels, according to one trader, after two weeks of furious activity w...Read More

We learned from Mike Lavigne, President and Director of Magellan Gold Corporation (OTCQB: MAGE), that they are looking to acquire properties in the Western United States, with historical high-grade gold production. These would be smaller in scale, near surface, bulk tonnage projects that don't attract the attention of the larger mining companies. The Company's initial focus is on the exploration a...Read More

The most critical factor in every trade my readers and I have ever made came down to one crucial thing.Timing.Timing can turn a good trade into a great one. It can even let you pocket hefty gains from a lackluster stock.No trader is successful without good timing.Unfortunately, learning how to time your trades isn't as easy as you might guess.Sometimes those opportunities are glaringly obvious. Do...Read More

Peloton Minerals Corporation (CSE: PMC) is a junior exploration company, focused on the three 100% owned Carlin Style gold projects, situated on the Carlin and Long Canyon Gold Trends in Elko County, Nevada, and one past producer gold project, in the historic Virginia City Mining District, Montana. We learned from Ted Ellwood, who is President, CEO and Director of Peloton Minerals, that since late...Read More

Lithium carbonate has been produced for the first time in Cornwall in southwest England, the Li4UK consortium said this week.Following an 18-month project, Li4UK confirmed that the purity of the lithium carbonate produced at Cornish Lithium's Trelavour project Cornwall is "near battery grade," the consortium said on Monday January 18."Li4UK (Securing a Domestic L...Read More

Key data from the Wednesday January 20 pricing session in Shanghai.Key drivers The price range for spot domestic Chinese cobalt metal widened downwards in the first half of this week, after local futures prices plunged on Monday. Spot demand was stable, with consumers continuing to restock ahead of...Read More

Hot-rolled coil prices in the United States dipped despite buyers still struggling to find spot tons at competitive prices. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.08 per hundredweight ($1,121.60 per short ton) on Wednesday January 20, down by 1.37% from $56.86 per cwt the previous day but 3.12% higher than $54.38 per cwt a week ago. Inputs were collected...Read More

Activity in the European market for hot-rolled coil was slow over the week to Wednesday January 20 with buyers holding back from making deals, sources have told Fastmarkets.Buyers have been cautious about deals due to long lead times and high transaction prices, and risks related to an expected price decrease, market sources said."Buyers are cautious due to the very high prices reached," an Italia...Read More

Producers across Europe have continued to increase their domestic offer prices for heavy steel plate despite the slow recovery of demand, market sources told Fastmarkets on Wednesday January 20.Buying activity has started to recover since the year-end holidays across Europe. Market sources, however, questioned whether demand would become strong enough to support the price rise sought by producers....Read More

Crude steel output in Italy declined by 12.2% year-on-year in 2020, despite a double-digit increase in December, Italian steel association Federacciai said on Wednesday January 20.The country's total crude steel production amounted to 20.35 million tonnes in 2020, down from from about 23.19 million tonnes in 2019.Long steel output declined by 9.5%, to 11.16 million tonnes, down from 12.33 million...Read More

The domestic price for steel mesh-quality wire rod in Southern Europe was generally stable in a week to Wednesday, with buying activity reported to have slowed because of an unclear trend in the scrap market, sources told Fastmarkets on January 20....Read More

Prices for domestic steel mesh-quality wire rod in the north of Europe were largely flat in the week to Wednesday January 20, supported by tight availability, sources have told Fastmarkets.But market sentiment was unclear, they added, with buyers believing that prices have reached a ceiling.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe,...Read More

Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...Read More

0:00:00 Welcome and context0:02:40 What is happening at the world at the moment?0:08:06 What are your thoughts on MMTs?0:10:45 What is the future for FIAT currencies?0:17:20 How do investors position their portfolios?0:20:51 What's your advice for people on diversification?0:26:34 How does the wealth discrepancy works it's way around?0:34:10 Do you think the whole world is moving towards Socialism...Read More

"One should only invest in what s/he knows about. Do not listen to hot tips, or me. Everybody wants hot tips. Those would bankrupt you, ruin you," the American investor and financial commentator said during an interaction with Shiv Sehgal, President and Co-Head of the Institutional Clients Group at Edelweiss Global Investment Advisors, at the ETMarkets Global Summit 2021.Jim Rogers co-founded the...Read More

We are living in a financial war of the worlds, this according to best-selling author and former Goldman Sachs Managing Director Nomi Prins. In this interview with our Daniela Cambone, Prins explains that the Federal Reserve has been overstepping its boundaries since 2008. The question is, can it be tamed and how? The former banker also weighs in on the recent bitcoin clampdown from HSBC and other...Read More