Cobalt metal prices have continued to rally so far this week, with the latest round of Chinese buying tightening supply and emboldening sellers to hold out for higher prices. "Metal continues to move upward day by day, and you can't get the same low offers you got the day before," a distributor source told Fastmarkets. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam moved...Read More
A summary of Australia-based spodumene concentrate miner Galaxy Resources' preliminary results for the fourth quarter of 2020, released on Wednesday January 13.In brief Galaxy produced 33,344 dry metric tonnes (dmt) of spodumene concentrate at a grade of 5.92% Li2O at its Mount Cattlin mine in Western Australia during the...Read More
I know it's been a very tense start to 2021.Between the continued spread of COVID-19 and a nation that seems to get more and more divided by the day, it's hard to stay positive.At times like these, I find that weed, plenty of exercise, and an increased focus on work help keep me from falling into a vortex of anger and depression.The silver lining is that in my line of work, the more I focus on wor...Read More
ANGOLD Resources Ltd. (TSXV:AAU, FRA:13L1) is an exploration and development company that recently commenced trading on the TSX Venture Exchange, following the successful completion of its acquisition of Federal Gold Corp. and concurrent subscription receipt financing of $8,000,000. We learned from Adrian Rothwell, who is President, CEO and Director of ANGOLD, that they see the opportunity to brin...Read More
The cobalt intermediates spot payable has surged to 90% on the high end - a fresh historical high - this week against the backdrop of tight supply and healthy demand. Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China rose to 88-90% against the standard-grade cobalt metal price (low end) on Wednesday January 13, up by 2% from 86-88.5% on January 8. The l...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More
We recently implemented some security upgrades and this may be impacting the downloading of some INK PDF reports including today's morning report. While we review the situation please try the following possible work arounds:1. In the morning report email, instead of clicking on it to view, try to download the PDF Report and then view it from your download file location on your computer2. Try to do...Read More
Hot-rolled coil prices in the United States have reached their highest level in at least 60 years, Fastmarkets has learned. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $58 per hundredweight ($1,160 per short ton) on Thursday January 14, up by 6.7% from $54.38 per cwt on Wednesday January 13 and an increase of 7.1% from $54.17 per cwt one week earlier on...Read More
Italian re-rollers have been targeting higher prices for heavy steel plate because of rising costs for steel slab feedstock, while German mills have kept their offers largely unchanged, sources told Fastmarkets on Thursday January 14.Official offers of heavy plate from Italian producers have been heard at ?,?620-650 ($755-792) per tonne ex-works. But no deals have been concluded in this range beca...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More
Last week's price increases by domestic producers have propelled US rebar prices to their highest point in over nine years.Fastmarkets assessed the price of steel reinforcing bar (rebar), fob mill US at $39.50 per hundredweight ($790 per short ton) on Wednesday January 13, up 4.6% from $37.75 per cwt the week before and increase of 25.4% from $31.50 per cwt one year ago. US marketDomestic reb...Read More
Flat and long steel imports into Brazil increased in December, amid strong price increases in both markets, according to the latest figures from the country's economy ministry.Brazilian total flat steel imports came to 91,522 tonnes in December, up by 54.99% from 59,051 tonnes in the same month in 2019.Imports of hot-rolled coil from Russia reached 4,037 tonnes in December 2020. In comparison, Bra...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More
Mills in Bangladesh purchased three bulk cargoes in the last week, with prices easing gently, sources told Fastmarkets on Thursday January 14.Low scrap inventory, together with continuing difficulties in obtaining containers and ballooning shipping rates, led several steelmakers in the South Asian country to inquire for tonnages in bulk.A Bangladeshi mill booked a 38,000-tonne composite cargo at a...Read More
Andy Schectman explains how he would handle transportation of his gold when travelling interstate and/or internationally. Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Read More
Join Mike Maloney and Jeff Clark in today's Special Report as they explain how massive demand from the electric car and solar industries could mean future supply shocks for silver.?>>?Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed im...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
Queen's College University of Cambridge Mohamed El-Erian discusses bond yields, the economy, inflation, GDP, the markets, the outlook for the economy, and the mental stress people are going through.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of...Read More
For Part 1 of this interview, CLICK HEREMax Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this te...Read More
Avi Loeb is an astrophysicist at Harvard who recently made waves when he said an alien technology visited us in 2017. Lex Fridman's videos explore research topics in artificial intelligence, deep learning, autonomous vehicles, and beyond.OUTLINE:0:00 - Introduction2:31 - Are we alone in the universe?6:46 - Consciousness11:23 - Sending digital copies of humans to space16:01 - Oumuamua38:04 - Alien...Read More