Brazilian steelmaker Gerdau has concluded its acquisition of Sider??rgica Latino-Americana (Silat), a long steel producer located in the northeastern state of Cear??, after gaining approval from anti-trust regulator Cade, the company said on Tuesday December 1.Silat has capacity for 600,000 tonnes per year of long steel products, mainly rebar and wire rod. Gerdau had first reached an agreement in...Read More
Steel billet and rebar prices in the United Arab Emirates increased over the week to November 30 while demand was strong, sources told Fastmarkets.Domestic rebarThe country's steel producers were offering rebar at 1,984-1,985 dirhams ($540) per tonne ex-works orders to be produced in December, but only few producers had allocation for December production.Deals were heard made at around 1,950...Read More
The export market for long steel products from the Commonwealth of Independent States increased again in the week to Monday November 30 supported by long lead times and a global steel market uptrend. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $540 per tonne on Monday, up from $490 per tonne fob a week earlier. Offers for Russia-origi...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
http://financialrepressionauthority.c...Andrew Sheng is a Hong Kong-based Malaysian Chinese banker, academic and commentator. He started his career as an accountant and is now a Distinguished Fellow of Fung Global Institute, a global think tank based in Hong Kong. He served as Chairman of the Hong Kong Securities and Futures Commission (SFC).Yra Harris is a trader with over 32 years of experience...Read More
Shae Russel interviews mining entrepreneur who is the chairman of Pan American Silver Corp and Equinox Gold Corp - with the experience of founding several successful mining companies as well as a clean energy company. He talks about his experiences in the sector from Ecuador to Russia and provides some useful investing lessons he's learned along the way. He tells us why he pursued investments in g...Read More
Yale University's Stephen Roach believes the coronavirus surge is creating a difficult situation for the economy and dollar.Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codepend...Read More
Ferrous scrap prices in the main Mexican domestic markets increased in the week ended Friday November 27, with some companies applying increases in order to secure supply amid low availability and steady demand.Early last week, at least one company in the region near the northern city of Monterrey applied price increases, and afterwards some scrap sellers were able to achieve higher deals with oth...Read More
The globalists responsible for engineering a medical tyranny across much of the Western world have something valuable to teach Continue...Read More
Almost one-third of all small businesses in New York and New Jersey remain closed since January amid the coronavirus pandemic and forced lockdowns, according to a watchdog.Continue...Read More
"She did dine al fresco at Il Forno on the very last day it was permissible. She loves Il Forno, has been saddened to see it, like so many restaurants, suffer from a decline in revenue. She ate there, takingContinue...Read More
Join us for the Great American Treasure Hunt! Buy a chocolate bar and get your chance to find a coveted silver ticket!Continue...Read More
0:00 - Intro1:02 - The Early 70s2:20 - Gold Business Events3:49 - Money Printing & Debt4:42 - Runaway Gold Market7:06 - Last Gold Rush Ever8:51 - Gold Vs. Silver10:16 - Confiscation Risks12:15 - Swapping Gold/Silver14:39 - Investor Activity17:04 - Mainstream Interest17:31 - Numismatic HypeBill Haynes is the owner and President of CMI Gold & Silver. Read More
No changes were reported in the premium for direct-reduced (DR) iron ore pellet for the fourth quarter of 2020, although sources told Fastmarkets they expect growth in the first quarter of 2021 on strong demand.Fastmarkets' iron ore DR-grade pellet premium to 65% Fe fines index, Middle East reference was $24 per tonne on Monday November 30, unchanged month on month.Fastmarkets' index for iron ore,...Read More
American billionaires haven't been just immune to the pandemic, they have been thriving in it, drastically increasing their collective wealth.Continue...Read More
CNN has just published the first of what might be a series of reports on a cache of new documents purporting to prove that the information disseminated Continue...Read More
The export price for steel slab from the Commonwealth of Independent States (CIS) increased again during the week to Monday November 30, mainly because of the continued uptrend in the hot-rolled coil market, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $525-535 per tonne on November 30, up from $485-495 per tonne a week earlier.Slab off...Read More
James Kwantes of Resource Opportunities outlines the latest news from this Canadian junior miner. The market reaction was muted when Genesis Metals Corp. (GIS:TSX.V; GGISF:OTC) hit 8.73 g/t gold over 21.35 meters in a late 2017 drill hole at its Chevrier gold project in Quebec. It was a sign of the times: The high-grade intercept, announced on Jan. 22, 2018, came during a grinding bear market for...Read More
Kaiser Aluminum Corp. shares traded 12% higher after the company reported it has entered into a definitive agreement to purchase Alcoa Warrick LLC from Alcoa Corp. in a transaction valued at $670 million. After U.S. markets closed for trading yesterday afternoon, specialty aluminum products manufacturer Kaiser Aluminum Corp. (KALU:NASDAQ) announced that "it has entered into a definitive agreement...Read More
Vox Royalty Corp. has entered into a binding agreement to acquire a royalty over a portion of Bushveld Minerals Ltd.'s Brits Vanadium Project located in South Africa. In a news release, precious metals mining royalty and streaming company Vox Royalty Corp. (VOX:TSX.V) announced that "it has entered into a binding agreement with Sable Metals and Minerals Pty. Ltd. pursuant to which Vox will acquir...Read More