The Bureau of International Recycling (BIR) will advocate for a Chinese proposal to discard the term "scrap" by officially renaming certain copper scrap products as "recyclable copper raw materials", whilst seeking further clarity with Chinese officials on the definition and specifications of importable scrap, the association said on Sunday October 13.In Chinese, "scrap" and "waste" are essentiall...Read More

The metals market remains cautious because there still seems a long way to go before a United States-China trade deal can be reached.Weak Chinese trade data highlights how the global economy is suffering - China's US dollar-denominated exports fell by 3.2% in September year on year, while imports dropped 8.5% in the same comparison.Asian equities are firmer across the board because at least some p...Read More

China's cobalt metal price consolidated gains made since late August on Friday October 11 due to weak demand and falling futures prices following the week-long national holiday break. Fastmarkets' assessment for cobalt 99.8% Co min, exw China dropped to 295,000-310,000 yuan per tonne (approx $16.72-17.57 per lb, China-VAT free) on Friday, down by 2.4% from the midweek pricing session. Spot de...Read More

Import prices for steel slab in Southeast Asia and East Asia fell during the past week, with market participants remaining bearish due to the ongoing plunge in downstream hot-rolled coil prices, sources told Fastmarkets."Margins for steel mills in Southeast Asia have been squeezed because of the decline in HRC prices, which has led to demands for lower slab prices," a source in Southeast Asia said...Read More

China's domestic hot-rolled coil prices strengthened on Monday October 14 amid steady demand, making export transactions challenging even though the country reached some form of a truce with the United States last Friday amid an ongoing trade spat.DomesticEastern China (Shanghai): 3,580-3,600 yuan ($505-508) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,550 yuan per tonne, up 30 y...Read More

As the United States' Section 232 tariffs on steel imports enter the second half of their second year, ferrous markets across the globe are still reeling from their effects.The tariffs - imposed after a year-long Section 232 investigation into whether imports of steel, as well as aluminium, posed a national security risk to the US - were vaunted as policies to safeguard the country's domestic indu...Read More

Special bar quality (SBQ) steel prices in the United States fell again across the cold-finished and hot-rolled grades due to declining ferrous scrap prices, and demand from key end markets is expected to remain tepid for the rest of 2019.The price decrease stems from the $40-per-gross-ton decline in Chicago No1 busheling, a key feedstock for SBQ production. Fastmarkets understands that S...Read More

A summary of the financial results for Egypt's biggest steelmaking group, Ezz Steel, for the first half of 2019, between January 1 and June 30.In briefEarnings were down due to "the falling price of steel products and the rising costs of iron ore pellets. This pressure was increased by the exceptionally high costs of funding and energy in Egypt," Paul...Read More

- Dave Kranzler"De Nederlandsche Bank (DNB) holds more than 600 tonnes of gold. A bar of gold always retains its value, crisis or no crisis. This creates a sense of security. A central bank's gold stock is therefore regarded as a symbol of solidity Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, even in times of crisis." -...Read More

Import prices for rebar in Singapore resumed their downtrend over the past week due to ample supply.The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $420-425 per tonne for the week to Monday October 14, down $10 per tonne from a week earlier.Qatari rebar offered at...Read More

StrengthsThe best performing metal this week was palladium, up 1.98 percent. Even after a weekly loss, gold traders and analysts stayed bullish on their outlook for prices in the weekly Bloomberg survey. Stocks continue to swing and currencies fluctuate ahead of continued U.S.-China trade talks. Just like last week, palladium hit a fresh all-time high this week of $1,707.51 an ounce, according...Read More

Skepticism on the positive impact of US-China partial trade deal has resulted and silver trading firm. In my view, there will be more trade deal with other nations should Trump's political problems worsen. Further trade deal between USA and rest of the world will be dependent on internal politics of USA. Trend of gold and silver till Wednesday needs to be closely watched. Trend (whether bullish...Read More

Pig iron export prices from the south of Brazil were stable during the week ended Friday October 11, because suppliers have sold out all the available material until mid-December.Fastmarkets' weekly price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $275-280 per tonne on October 11, stable week on week."Suppliers are sold out and have availability only for mid-December," o...Read More

Join Greg Hunter as he goes One-on-One with award winning journalist and former Assistant Treasury Secretary Dr. Paul Craig Roberts.Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall...Read More

Danielle DiMartino Booth Appears on FBN's 'Varney and Co.' to discuss China trade possibilities.Danielle DiMartino Booth 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 Fe...Read More

Max interviews Alasdair Macleod of Goldmoney.com about negative interest rates, debt we owe to ourselves, and an inflationary depression.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Max Keiser is an American broadcaster...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

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 spent two years at Garban Inc.,...Read More

George Mason University PhD candidate Nathan Goodman speaks at the 2019 RPI Washington Conference on how the US global military empire makes us poorer and less free.Read More

ABC News was just busted using two year old gun range footage while reporting on Turkey 'slaughtering' the kurds in the wake of a US withdrawal from the region. Continue...Read More