Today, Real Vision turns its attention to China. Ed Harrison interviews George Magnus, research associate for the China Centre at Oxford University, who assesses the situation in China and what it means for investors. Watch the premium video here.INK is keeping tabs on mining COVID-19 risks Meanwhile, INK is going full blown contrarian on COVID-19 as chatter builds in the markets that the disea...Read More
Domestic prices for hot-rolled coil in Northern Europe moved slightly upward day on day on Thursday July 9, and the steelmakers were insisting that there will be further price rises, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?404.29 ($456.93) per tonne on Thursday, up by just ?,?0.29 per tonne from ?,?404.00 per...Read More
The European construction industry has reported different levels of operational strength across various countries, with some projects reported as cancelled or postponed, putting pressure on demand for long steel products, sources have told Fastmarkets.For long steel products such as beams, hollow sections, rebar and wire rod, construction is a key sector for demand. With the Covid-19 pandemic and...Read More
Domestic rebar prices decreased in Egypt over the week to Thursday, July 9 due to the lower priced offers and deals heard, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?9,200-9,700 ($573-604) per tonne ex-works including 14% VAT this week, down from E ?9,200-10,100 per tonne ex-works previously, with deals made at E ?9,200-9,680 per tonne ex-works including 14% VAT, s...Read More
The Turkish domestic long steel markets have continued to suffer from weak demand over the past week, with buyers expecting further decreases in prices, sources said on Thursday July 9.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was unchanged week on week at 3,350-3,400 lira ($488-495) per tonne on Thursday, including 18% VAT.The mills in the...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 9 that are worth another look.In light of the recent turmoil in the oil market, the Fastmarkets research team has closely examined the correlations between the price of oil and the prices for ferrous scrap and finished steel products, to discover nuanced relationships and their changes over time.South Africa's government has...Read More
The Turkish deep-sea ferrous scrap import market remained quiet, with mills in the country holding back from purchasing due to weak finished long steel sales, sources said on Thursday July 9.Turkish steel producers booked five deep-sea cargoes late last week, totalling around 140,000 tonnes.But the mills then went quiet in the deep-sea market at the beginning of this week after failing to sel...Read More
RambusTonight I would like to finish up with the long term secular bull market we discussed in the Weekend Report for the US stock markets. Long term secular bull markets just don't begin and end for no good reason. There has to be a catalyst that drives the markets higher over a long period of time.When the previous secular bull market began at the 1974 bear market low no one could have imagine...Read More
Dave Kranzler, Mining Stock JournalThe monetary "gods" at the Federal Reserve have created the perfect monetary policy recipe to fuel gold, silver and mining stocks to new all-time highs and beyond. While the bubbleheads in the financial media have been garishly cheerleading the general stock market as it heads to an extreme overvaluation that will not end well, the mining stocks have outperform...Read More
Ira EpsteinGold in a vertical price rise, resistance at the upper Bollinger band:Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In a webinar we conducted on Asian ferro alloys, our research team discussed the Chinese authorities' announcing some major infrastructure investments that will increase demand for steel and steel raw materials, including iron ore. Our research shows that the recent infrastructure investment announcements are equal to about...Read More
Offer prices on CIS-origin steel billet to foreign customers have surged upward toward the end of this week, supported by a recovery of demand in China, Fastmarkets heard on Thursday July 9.Chinese domestic rebar prices rose early in the week on restocking activity and a rise in futures, which resulted in a resumption of import activity in the billet sector.Chinese domestic billet has been traded...Read More
Bob Moriarty of 321gold profiles this company whose project is a short distance from Iamgold and Newmont's operating mines. Informal mining in the Witlage Target, Nassau ProjectThis is easily going to be one of the more confusing articles I have ever written. There was a private company named 79North headed by Jon North. 79North (TWLV:CSE) did a reverse takeover with a public vehicle named 12 Exp...Read More
Troilus Gold's valuation and similarities to Detour Gold are discussed in a Stifel report. In a July 7 research report, Stifel GMP stated that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) is one of its "best ideas that offer exceptional torque to a rising gold price," and the "asset offers one of the best potential replacement vehicles for gold torque since Kirkland Lake Gold's acquisition of Detour...Read More
Defense Metals aims to evaluate potential mine effects on surface water quantity. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release that a baseline surface water quality assessment is underway at its Wicheeda rare earth elements (REEs) project in British Columbia."With the initiation of this multiyear program of baseline surface water hydrology and water quality...Read More
Gold, silver, and theirminers’ stocks suffer their weakest seasonals of the year in early summers. With traders’ attention normally diverted to vacationsand summer fun, interest in and demand for precious metals usually wane. Without outsized investment demand, goldtends to drift sideways dragging silver and miners’ stocks with it. Feared as the summer doldrums,...Read More
The European construction industry has reported different levels of operational strength across various countries, with some projects reported as cancelled or postponed, putting pressure on demand for long steel products, sources have told Fastmarkets.For long steel products such as beams, hollow sections, rebar and wire rod, construction is a key sector for demand. With the Covid-19 pandemic and...Read More
Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [edit: today’s ‘in the bag’ bounce-back Jobs report does little to alter the economic deceleration theme]We have been on a bullish gold mining view for over a year now. Over that time there have been three interruptions, the downward-biased consolid...Read More