Turkish steel mills finished the week to Friday October 30 with no further purchases heard following a public holiday in the country on the Thursday, market sources have said.In addition to the public holiday on October 29, attention in the country was drawn to a powerful earthquake which struck the Izmir region, resulting in a number of deaths and injuries as well as causing damage to buildings.A...Read More
The price of shredded steel scrap imported into India moved up on Friday October 30 as a result of tight material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $321.21 per tonne on Friday, up from $316.16 per tonne one week earlier.Deal prices heard during the week were in the range of $322-324 per tonne, up from $...Read More
China's spot refining charge (RC) for blister copper increased over October on lower buying appetite due to an expected inflow of scrap now that recyclable copper raw materials can be imported into the country from next week, sources said on October 30.Fastmarkets assessed the copper blister 98-99% RC spot, cif China at $150-160 per tonne on October 30, narrowing higher on the low end from $140-16...Read More
Share this articleVANCOUVER - Teck Resources Ltd. says it has been ordered by Environment and Climate Change Canada to improve the quality of water affected by two of its coal mining operations in B.C.'s Elk Valley.The company says in a statement the direction to Teck Coal Ltd. from the federal government is under the Fisheries Act and doesn't resolve potential charges that it had previously been...Read More
Despite big jumps seen in physical gold bullion and ETF inflow, the world's total demand for gold fell during the third quarter to its lowest level since 2009 according to a new report by the World Gold Council.The WGC reports the demand for physical gold bars and coins increased in the third quarter by 49% compared to the same quarter in 2019, with Western investors being particularly strong buye...Read More
Lithium-ion battery recycling activity could increase to 2.6 million units between now and 2030, and could return thousands of tonnes of key raw materials to the battery supply chain, delegates heard at Fastmarkets' latest Lithium Supply & Markets conference.A total of 46,300 tonnes per year of cobalt, 40,000 tpy of lithium, 27,000 tpy of manganese and 125,000 tpy of nickel could be efficiently re...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in...Read More
Fastmarkets reporters present the key themes and discussion points from the Lithium Supply and Markets online conference, which was held online on October 26-28. Comparing cost curves can be deceiving While industry onlookers' focus has increasingly been on cost curves of the different lithium producers amid the bearish market conditions, a like for like comparison between companies can be hard to...Read More
Import prices for flat steel in South America showed few changes in the week ended Friday October 30, with buyers getting slightly higher offers from China amid strong demand for material in most of the region's markets.Most coil import prices have narrowed upward by $5-15 per tonne, or moved up a little, because past offers at lower values were no longer heard in the market during the week. But w...Read More
Flat steel prices in the Turkish market remained mostly stable during the week to Friday October 30, while demand was moderate because of the Republic Day holiday on October 28-29, sources told Fastmarkets.Demand was moderate this week because there were only three-and-a-half working days due to the Republic Day holiday in the afternoon on October 28 and all day on October 29, while buyers were wa...Read More
The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021. The EC announced the quotas on Friday October 30. These will apply to several steel products, including hot-rolled, cold-rolled and hot-dipped galvanizing coil originating from the UK. Any volumes sold exceeding the quotas will be subject to 25% duty. "Pur...Read More
Prices for domestic steel beams in the United States were flat on Thursday October 29 despite modestly rising demand, while prices for offshore material also held steady amid continuing weak import volumes, market participants said.Fastmarkets' price assessment for steel beams 8 x 8-inch, fob mill US again held at $35.25 per hundredweight ($705 per short ton) on October 29, where it has remai...Read More
Turkish export rebar and wire rod prices continued to rise in the last week of October amid lively trading activity and limited availability, sources told Fastmarkets on Friday October 30.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $450-455 per tonne on Friday, up by $5 per tonne.Mills achieved sales at $445-450 per tonne fob ...Read More
Turkish domestic rebar prices continued to rise in the last week of October amid a continuing loss in the value of the country's lira against the US dollar, as well as an uptrend seen in recent import scrap bookings.The Turkish currency was trading at 8.31 lira to $1 on Friday. This compared with 7.89 lira to $1 on the corresponding day of last week.Meanwhile, the daily index for steel scrap, HMS...Read More
Jim Rogers is not only one of the most successful investors of our era, he's also an avid scholar of history.Seeing that the world is buried under an unprecedented mountain of debt that is requiring more and more central planner intervention to keep from imploding on itself, Jim says history is clear on what happens nextA clearing of the debt either via massive default, or destruction of the curre...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Bob's website: tradegeniusacademy.comRead More
"The time for games is over."Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spe...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More