The Turkish deep-sea scrap import market remained quiet on the second working day of the week with no deep-sea bookings heard, market sources said on Tuesday February 9.The most recent bookings were heard on February 5 at $380 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20) and $387 per tonne cfr for UK material, sending the daily scrap indices down by around $15 per tonne...Read More

With the exception of tin, base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were firmer this morning, Tuesday February 9, as were the precious metals and oil, while the US dollar continued with its recent pullback.Oil prices hits $61 per barrel, highest since January 2020, on production cutsBitcoin surges as Tesla shows support for the cryptocurrencyUnited States'...Read More

Share this articleMONTREAL - Midland Exploration Inc. (TSX-V: MD) reported that exploration work will resume on its Mythril Co-Mo-Au-Ag project, wholly owned by Midland and located in Eeyou Istchee James Bay, Quebec. In 2018, Midland discovered Mythril by prospecting and concluded a strategic investment with BHP Billiton Canada Inc during the spring of 2019 totalling $5.85 million for copper explo...Read More

The 5G promise is very real.A ResearchAndMarkets report notes:Post-COVID-19, the 5G infrastructure market is estimated to grow from $12.6 billion in 2020 and projected to reach $44.9 billion by 2025, at a CAGR of 28.97%.When the story first hit the mainstream in 2017, however, the practical applications for 5G were few and far between. This left big questions for investors looking to park funds in...Read More

Hot-rolled coil prices in the United States slipped from an all-time high while market participants debated whether the rally had run its course.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $58.96 per hundredweight ($1,179.20 per short ton) on Tuesday February 9, down by 0.47% from a record $59.24 per cwt on Monday February 8. Still, the current price is up by 1.99...Read More

Domestic prices for hot-rolled coil across Europe were stable on Tuesday February 9, with buyers holding back from making new deals because they anticipate a decrease in prices, sources told Fastmarkets.Domestic prices for hot-rolled coil across Europe were stable on Tuesday February 9, buyers hold back from making new deals on anticipated price decrease, sources told Fastmarkets.Fastmarkets calcu...Read More

Buyers of flat steel in Saudi Arabia expected prices to decrease because of the current low demand, while buyers in the United Arab Emirates were waiting for next week to see the direction of price movement, sources told Fastmarkets on Tuesday February 9.China and India are the main flat steel exporters to the Gulf region. China will be on its national New Year holiday February 11-17, and no new p...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 9 that are worth another look.Australia's Port of Port Hedland shipped 4% more iron ore in January compared with a year earlier, though shipments were lower than those made in December, data from the Pilbara Ports...Read More

Fastmarkets' Ferrous Analytics report helps subscribers...Read More

The uncertainty about new domestic prices for steel rebar in the United Arab Emirates continued during the week ended Tuesday February 9, with trading subdued and no imports heard, sources told Fastmarkets.Rebar producers in the UAE were expected to announce new prices next week, most probably after the Chinese New Year holiday (February 11-17).Importers of billet and rebar preferred to wait until...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 9 that are worth another look.Australia's Port of Port Hedland shipped 4% more iron ore in January compared with a year earlier, though shipments were lower than those made in December, data from the Pilbara Ports...Read More

Ferrous scrap prices in Mexico largely declined in the week ended on Friday February 5, with buyers struggling to reduce their purchase prices.Mexican steel producers attempted to secure price cuts in their purchases of the steelmaking raw material, of around 200-300 pesos ($10-15) per tonne, in both regions during the week. But many higher-volume trades were heard at stable prices.Fastmarket...Read More

The Turkish deep-sea scrap import market remained quiet on the second working day of the week with no deep-sea bookings heard, market sources said on Tuesday February 9.The most recent bookings were heard on February 5 at $380 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20) and $387 per tonne cfr for UK material, sending the daily scrap indices down by around $15 per tonne...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 9 that are worth another look.Australia's Port of Port Hedland shipped 4% more iron ore in January compared with a year earlier, though shipments were lower than those made in December, data from the Pilbara Ports...Read More

Precious metals expert Ted Butler joins Daniela Cambone to share the real story behind the silver squeeze- and why it may repeat itself. "I have never seen this in my 35 years covering the market," he says, referring to how the price explosion has exposed blatant manipulation. The reason silver manipulation is happening, Butler suggests, is actually the best reason to own the metal. "There are two...Read More

Tesla recently announced their $1.5 billion investment in Bitcoin - but there was something else they mentioned that slipped under the radar. Join Mike Maloney and Jeff Clark as they discuss this stunning event, and what it may mean for gold and silver investors. Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. He is also th...Read More

Billionaire real estate investor Sam Zell told "Squawk Box" on Tuesday that the markets are disconnected from reality and actual valuations of companies.Part 1 (part 2 below)Billionaire real estate investor Sam Zell joined "Squawk Box" on Tuesday to discuss the recent boom in companies going public through SPAC deals.Part 2Sam Zell is an American businessman. He is chairman of Equity Group Investm...Read More

For Part 1 of this interview, CLICK HEREIn this episode of Keiser Report, Max and Stacy look at the central banks getting ready to deploy yet more 'tools' to fight the economic and banking rip currents. In the second half, Max continues his interview with Mike Maloney of GoldSilver.com about the US dollar at fifty.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a fina...Read More

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 provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro/thematic research firm catering to institutions and individuals.George Edward Gammon is an American real estate i...Read More

Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. gover...Read More