On the face of it, the so called trade US-China trade deal looks a sham just to fool the voters. US treasury secretary has said that trade tariff's with China will be there until the second phase of the trade agreement. Trump's biggest vote bank is farming states. Energy companies have a history of funding Republicans. Chinese will be buying very large quantities to American farm produce and Ame...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday January 15. Key drivers  The prices of ferro-titanium and titanium scrap markets were steady in the second week of January, a level it has maintained since December 18.  Alloy suppliers achieved higher prices in the United Kingdom compared with deals done lower in the current range in continental Europe, although trading a...Read More

An overview of the minor metals markets and their latest price moves.Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday January 15. Key drivers  The prices of ferro-titanium and titanium scrap markets were steady in the second week of January, a level it has maintained since December 18.  Alloy suppliers achieved higher prices in the United Kingdom compared with deals done lower in the current range in continental Europe, although trading a...Read More

Turkish steel producers continued to hold back from the deep-sea scrap markets in an attempt to push down prices while they struggled with weak demand and values for finished rebar, sources said on Wednesday January 15.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300...Read More

The Chinese steelmaking industry will focus on six key areas in 2020 to maintain its structured and orderly development, China Iron & Steel Association (Cisa) chairman Gao Xiangming said in a speech at a conference last weekend.These are meant to round out the final year of China's 13th Five-Year Plan and contribute to the stable growth and reform of the Chinese economy.1. Maintain stable, efficie...Read More

Share this articleVANCOUBER, B.C. - Mining company Teck Resources Ltd. says it is purchasing the SunMine solar electricity generating facility in B.C. from the City of Kimberley.The Vancouver-based company says it has agreed to pay about $2 million, matching the city's debt associated with the operation.The 1.05-megawatt SunMine opened in 2015 on reclaimed land at Teck's Sullivan Mine, which w...Read More

Equity investors have turned more bullish on lithium miners and processors in 2020 so far, helped by a shift in Chinese electric vehicle (EV) policy. The improved investor confidence could mean a more positive outlook on lithium pricing is developing, after a very bearish 2019. On January 11, China's minister of Ministry of Industry and Information Technology (MIIT), Miao Wei, announced there woul...Read More

Today is Wednesday, January 15, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,555.05. It's up 0.57% from yesterday and up...Read More

Today is Wednesday, January 15, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of MPLX LP (NYSE: MPLX), Occidental Petroleum Corporation (NYSE: OXY), and Cameco Corporation (NYSE: CCJ).MPLX LP (NYSE: MPLX)MPLX LP (NYSE: MPLX) is a $28.43 billion company today with a one-year return of -17.7%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-va...Read More

Hot-rolled coil prices in the United States continued to climb due to tightened supply in the domestic market, but buyers - who believed prices were doomed to go down - seemed reluctant to accept the higher prices, according to market participants.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.91 per hundredweight ($618.20 per short ton) on Wednesday January 15,...Read More

Imagine how angry you'd be if you lost out on $200 billion.I'm not saying you missed the lottery, mind you. Instead, you're holding the winning numbers in your hand, then in one quick motion rip the ticket it up and toss it in the trash.You'd be fuming from that kind of lunacy.Don't worry; you're not alone.Well, that's exactly what Iran did.Except, its geological lottery ticket just happens to be...Read More

Today on INK Ultra Money Free we visit the oil patch and discover why politicians are failing so badly at dealing with climate change. It is a great time to focus on oil & gas because January is a seasonally weak month for crude. That means many oil & gas stocks go on a post-holiday sale. However, if Rob West is right, we could see a long-term shift in the narrative about the role of oil & gas in...Read More

Domestic prices for hot-rolled coil in Europe increased on Wednesday January 15, supported by a lack of competitive import offers and a seasonal recovery in demand, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was fairly stable at ?,?443.06 ($493.13) per tonne on Wednesday January 15, up by only ?,?0.36 per tonne from ?,?442.70 per to...Read More

European producers of heavy steel plate have increased their offer prices despite limited trading activity, sources told Fastmarkets on Wednesday January 15.Plate prices in Europe, particularly in the south where the majority of plate producers are re-rollers, have been driven upward by higher slab costs.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, wa...Read More

The domestic price of steel rebar in Northern and Southern Europe moved higher this week with mills trying to reflect the price rise in ferrous scrap in early December, which was yet to affect rebar prices, sources told Fastmarkets on Wednesday January 15. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?475-490 ($529-545) per tonne...Read More

The price of steel H-beams across Europe remained unchanged on Wednesday January 15, despite mill attempts to push through increases, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?550-570 ($612-634) per tonne on January 15, unchanged week on week."It's busy and there are price increases across product ranges," a distribut...Read More

- Peter DegraafA good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold produ...Read More

- Dave KranzlerGresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives.Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months. It's the fastest rate at which the Fed has print...Read More

By: Stefan Gleason, Money Metals ExchangeThe U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.Nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar.But the Trump...Read More