South Korean imports of lithium carbonate compounds more than doubled in September 2020, with increased demand from restocking by cathode and battery manufacturers ahead of an expected surge in prices, sources have told Fastmarkets.According to data released by the South Korean customs office, imports of lithium carbonate salts into the country totaled just over 4,039 tonnes in September, up by mo...Read More

Sunrun (NASDAQ: RUN), America's largest rooftop solar company, jumped from $8 in March to a high of $78 in October before pulling back a bit. The Invesco Solar ETF (NYSE: TAN) went from $22 to $75. JinkoSolar Holding (NYSE: JKS) went from $20 to $87 in a month!But perhaps the biggest sea change is that ExxonMobil - the largest company in the world in 2012 - has been replaced by Tesla in the S&P 50...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index which is used by the Horizons Cdn Insider Index (HII). Last week, the INK CIN rocketed another 47.29 points, or 4.2%, to close at 1169.65. In the past two weeks, the Index has melted up over 118 points and 11%.Our short-term momentum indicator, RSI doubled its prior week's move and soare...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 17 that are worth another look.Flat steel import prices in the United Arab Emirates (UAE) have increased over the past week because of a shortage of hot-rolled coil and globally strong demand, sources said on November 17.Alvance, the...Read More

Hot-rolled coil prices in the United States held steady while more service centers tried and failed to enter the spot market for January 2021 shipments, with some buyers now unable to supply customers with enough tonnage to fulfill downstream needs. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $36.31 per hundredweight ($726.20 per short ton) on Tuesday November 17,...Read More

Flat steel import prices in the United Arab Emirates (UAE) have increased over the past week because of a shortage of hot-rolled coil and globally strong demand, sources said on Tuesday November 17.Local demand for flat steel was strong in India and China, the main exporters of flat steel to the UAE and Saudi Arabia, so offers were limited.UAEOffer prices for HRC from Indian suppliers were heard a...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 17 that are worth another look.Flat steel import prices in the United Arab Emirates (UAE) have increased over the past week because of a shortage of hot-rolled coil and globally strong demand, sources said on November 17.Alvance, the...Read More

Italian plantmaker Danieli will supply a new wire rod line and slab caster automation and control system to Turkish long steel and flat steel producer Habas, Danieli said on Monday November 16.The new wire rod mill will be installed in the Aliaga steelmaking plant with capacity to produce steel grades including low- and medium-carbon steel, welding wire, high-carbon and PC wire, and reinforcement...Read More

Steel billet and rebar prices in the United Arab Emirates increased this week, despite only moderate demand, sources said on Tuesday November 17.Domestic rebarThe country's biggest steel producer Emirates Steel was offering rebar at 1,984 dirhams ($540) per tonne ex-works for orders to be produced in December, up from the previous price of 1,936 dirhams ($527) per tonne ex-works for orders to be p...Read More

Turkish steel mills did not book any additional cargoes on the second day of the week following a recent rise in prices, sources told Fastmarkets on Tuesday November 17.The mills steered clear of deep sea scrap cargo purchases again on Tuesday, with some backing away from the market on concerns that prices had become too high after the recent jump."Some people are cautious because prices have...Read More

Iron ore prices increased further in both the futures and seaborne markets on Tuesday November 17, supported by hot-rolled coil and rebar futures prices that hit new annual highs, although physical prices at ports remained stable. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $125.44 per tonne, up $1.37 per tonne 62% Fe low-alumina fines, cfr Qingdao: $125.99 per tonne, up $1.64 per tonn...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 17 that are worth another look.Flat steel import prices in the United Arab Emirates (UAE) have increased over the past week because of a shortage of hot-rolled coil and globally strong demand, sources said on November 17.Alvance, the...Read More

Sector expert Michael Ballanger offers his take on the state of the markets as 2020 comes to a close. I don't know about you, but if you want my unfiltered opinion of the Year of Our Lord 2020, I would rank it in at least the bottom 2% in many respects, but only in terms of a sixty-seven year sample size and it has nothing at all to do with markets or money.At this time last year, I was writing i...Read More

Gold Stocks remain in a correction, even if the October 29 lows continue to hold into December. Corrections are a function of price and time, and often in this sector, a correction can continue in terms of time, well after a low in price is made. But I digress.The most significant and most consistent moves to the upside usually occur after a crash or after a major breakout. Gold and silv...Read More

In Part I of this research article I highlighted the incredible rally in Gold related to a 2020 Anchor point and how that rally in Gold compared to the QQQ and SPY.  In this second Part I am going to highlight the price appreciation in the QQQ and SPY in comparison to Gold since 2009.  It is important to understand how the equities/stocks have rallied in comparison to Gold because the ra...Read More

Gold may have comeoff the boil a bit after rising beyond $1,900 an ounce in the aftermath of theUS election, but the precious metal will do well under a Biden presidency, anAhead of the Herd analysis has found. The main factors aredrastically increased government spending, leading to even more unsustainableUS debt levels than currently; dovish monetary policy as the Fed continues toadvocate &ldquo...Read More

Precious metals markets got off to arocky start this week as Wall Street celebrated promising developments on thevaccine front. On Monday, stocks surged while gold and silver soldoff hard. That selling didn’t bring downside follow through, however. Themetals held trading range support levels and pared some of their earlier lossesheading into this Friday the 13th.A metal we don’t often...Read More

Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.NLMK filed a suit in the US Court of International Trade on February 2020, challenging a decision from the Department of Commerce to deny the company's exclusion requests to the Section 232 tariff of 25% against steel imported from most...Read More

China's crude steel, hot metal and finished steel output continued to grow on a year-on-year basis in October, according to data released by the country's National Bureau of Statistics on Monday November 16.October outputCrude steel: 92.2 million tonnes, up 12.7% from a year earlier, down 0.4% from SeptemberHot metal: 76.17 million tonnes, up 9.4% year on year, up 0.5% month on month Finished stee...Read More

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, look at the macroeconomic factors they believe will move gold higher. The gold market entered a period of increased volatility during the third quarter, usually a positive indicator for the metal. A growing number of investors and analysts recommended the accumulation of gold as it began to move out of the shadows and into the spotlight. Gl...Read More