Domestic hot-rolled sheet steel prices in Russia's Central Federal District around Moscow have remained largely stable over the past seven days despite bullish moves by some producers, while the cold-rolled sheet price inched upward on tight availability, sources told Fastmarkets on Monday November 2.Hot-rolled sheetBuyers were cautious about further price rises in the hot-rolled sheet sector beca...Read More
Prices for domestic and imported merchant bar quality (MBQ) steel in the United States remained flat in the face of steadily rising demand from the construction industry in the West and the South as well as service centers rebuilding their inventories.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US held steady at $35.30 per hundredweight ($706...Read More
CIS exporters of steel rebar and wire rod have turned bullish following the recent uptick in long steel prices globally, and have increased their offer prices to foreign customers, Fastmarkets heard on Monday November 2.Russia-origin rebar was available at $460-463 per tonne fob late last week, sources told Fastmarkets.Ukraine-origin material was offered to customers in various destinations, such...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow were mostly stable over the past seven days to Monday November 2 despite producers pushing for higher prices for November deliveries, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia remained at 40,000-41,000 roubles ($503-516) per tonne...Read More
Turkish steel producers remained largely quiet in the deep-sea scrap market on Monday November 2, awaiting clarity over the price direction after a national holiday halted trade in the middle of last week.After the public holiday on Wednesday and Thursday October 28-29, a powerful earthquake struck the Izmir region on Friday October 30, resulting in at least 91 deaths and injur...Read More
Seaborne iron ore prices were up slightly on Monday November 2 amid strong demand for steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $118.06 per tonne, up $0.57 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.65 per tonne, up $0.99 per tonne58% Fe fines high-grade premium, cfr Qingdao: $109.74 per tonne, up $0.27 per tonne65% Fe Brazil-origin...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Catherine Austin Fitts joins SGT Report to unmask deep state treachery, financial crimes against humanity and other despicable deeds.*The interview begins at 2:45Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More
Perhaps unlike ever before, now, even the main stream investment banks are talking about buying silver. And to find out why Bank of America sees the possibility of $50 silver if Biden should win the election, click to watch the video now!Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Independent financial analyst Matt Badiali profiles two companies that he believes are poised to take off. The biggest commodity story in the last two years must be the gold price. It was just $1,200 per ounce in November 2018 and it broke $2,063 per ounce earlier this year. That's a 72% move in a fundamental commodity. As you can imagine, that drove the big gold producers up even higher. Over t...Read More
In this conversation with Maurice Jackson of Proven and Probable, the CEO of Rover Metals describes "high-grade" assays from three holes, and believes more positive results from the company's drill program will follow later in November. Stock photoMaurice Jackson: Joining us for a conversation is Judson Culter, the CEO and director of Rover Metals Corp. (ROVR:TSX.V;ROVMF:OTCQB). Always a pleasure...Read More
The highlights of the Nomad Royalty Company story are delivered in a Haywood report. In an Oct. 15 research note, analyst Kerry Smith reported that Haywood initiated coverage on a recent entrant to the royalty/streaming space, Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX), with a Buy rating and a CA$2.25 per share 12-month target price. Nomad's stock is trading now at about CA$1.24 per share,...Read More
Pretium Resources reported financial results for its Brucejack project, demonstrating that the mine continues to deliver strong cash flow, and is on track to meet its FY/20 guidance. Pretium's Brucejack MineIn a news release, Vancouver-based Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced both operating and financial results for its third quarter and nine month period ended September 30, 202...Read More
Shares of AngloGold Ashanti Ltd. traded 9% higher after the company reported that Q3/20 free cash flow increased 290% YoY to $339 million allowing it to double its dividend payout ratio to 20%. Global gold mining company AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) today announced that in the third quarter of 2020 ended September 30, 2020, it delivered a 290% increase in free cash...Read More
The results open up an additional area for further exploration at Aben Resources' Forrest Kerr. Aben's Forrest Kerr Gold ProjectIn a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) recapped and provided the results of the completed 2020 drill campaign at its Forrest Kerr project in British Columbia's Golden Triangle.The program consisted of two holes for a total of 990 meters (990m), F...Read More
UrbanGold Minerals reported it completed an induced polarization survey and has outlined drill targets at its Pallador project located in the Troilus-Frotet gold belt in Quebec. In a news release, UrbanGold Minerals Inc. (UGM:TSX.V) announced that "it has received a detailed interpretation of the induced polarization (IP) survey it recently completed on a portion of its 100%-owned Pallador proper...Read More
Peter Krauth explains why he believes gold will be the biggest winner in the election. There's no shortage of prognostications or conjecture about the U.S. election.Of course, everyone has an opinion.Some like red, some like blue, some like neither.Last week's volatility in stocks, bonds, currencies and commodities is a clear signal that markets are uneasy. They hate uncertainty.If the election's...Read More
Independent financial analyst Matt Badiali homes in on the company's Yukon project. "Hey, can you keep watch for me while I fix the Garmin?" I watched uncomfortably as the pilot fiddled with a hand-held GPS in his lap. He looked over at me, briefly. "The cranes are migrating right now, and we really don't want to hit one..."I shifted uncomfortably on the tiny seat. We were a couple thousand feet...Read More