A summary of Australia-based lithium miner Galaxy Resources' results for the first six months of 2020, released on Thursday August 27.In brief Galaxy produced a total of 45,248 dry metric tonnes (dmt) of spodumene concentrate in the first six months of 2020 from the Mount Cattlin mine in Western Australia. This was down by around 54% compared with the first six months of 2019, in line with the com...Read More

The publication of Fastmarkets' European cobalt price assessments for August 27 will be delayed because of a technical issue.Fastmarkets' pricing database, MInD, will be updated at the earliest possible moment to reflect the below assessments for the following prices: MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $/lbAugust 26 price: $15.25-15.70 per lbAugust 27 price: $15.25-15.70 per lbMB-CO-...Read More

Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More

Italian re-rollers have failed to achieve price rises for heavy steel plate due to poor demand from main consuming segments, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was unchanged over the week at ?,?440-470 ($520-555) per tonne on August 26, compared with ?,?450-470 per tonne a week earlier.Official offers for material hav...Read More

Fastmarkets AMM proposes amendments to its weekly steel sheet and plate assessments. The proposed changes - driven by market participant interest, clarity and overall usefulness - are as follows: Steel cold-rolled coil: Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change min...Read More

Finished steel imports into the United States soared month on month in July due to a massive influx of blooms, billets and slabs from Brazil, according to data from the US Department of Commerce's Enforcement and Compliance division. The US imported 2,440,509 tonnes of steel products in July, up by 1,173,037 tonnes (92.5%) from 1,267,472 tonnes in June but down by 307,627 tonnes (11.2%) from...Read More

Kogi Iron Limited (ASX: KFE) intends to build a cast steel plant on the Agbaja Plateau in Kogi State, Nigeria. The project will supply a cast steel feedstock to steel manufacturing and product fabricators in Nigeria and overseas. We learned from David Turvey, Managing Director of Kogi Iron that based on their large iron ore resource, they are creating a vertically integrated, import replacement, i...Read More

Check out what Yahoo Finance wrote yesterday...Palantir Technologies Inc. sent a warning to investors Tuesday in its application to publicly list on the New York Stock Exchange, stating that the "overarching complexity" of privacy and data laws from country to country pose major compliance challenges for the data company. Privacy has gone from something every sovereign citizen should expect to so...Read More

Imported steel billet prices increased slightly in Egypt because of higher offer prices, sources told Fastmarkets on Thursday August 27.The reason demand was slow is because of weak construction activity, Egyptian sources said, amid the construction ban in the country - imposed on May 25 and due to last for six months.Although this...Read More

Turkish domestic long steel prices increased further over the past seven days in line with the weakening of the country's lira against the US dollar, sources said on Thursday August 27.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,860-3,870 lira ($523-524) per tonne on Thursday, up from the 3,790-3,810 lira per tonne of last week.The domestic r...Read More

The Turkish steel producers have taken a break from deep-sea scrap purchases after booking a number of cargoes earlier in the week, sources said on Thursday August 27.The mills in Turkey booked six deep-sea scrap cargoes from various destinations at slightly higher prices this week, totalling around 220,000 tonnes.The most recent bookings brought the HMS 1&2 (80:20) price to $287.50 per tonne cfr...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.In the year 2020 to date in late August, the Fastmarkets 62% Fe iron ore benchmark has powered along and reached six-year highs, supported by Chinese demand, and despite the global economic uncertainty created by the Covid-19 pandemic. Iron ore demand has weakened almost everywhere except in China, where it has continued to...Read More

Prices for bulk cargoes of scrap imported to Bangladesh moved up again over the last week with offer prices from key exporters on the rise, market participants told Fastmarkets.At least two mills have been shopping around the market for bulk cargoes this week, Fastmarkets understands, with offer prices from both Japan and the United States at higher levels than last week.Sellers in the US West Coa...Read More

Turkish steel billet prices have been largely stable over the past week but could be pushed up by stronger scrap costs soon, sources said on Thursday August 27.Fastmarkets' weekly price assessment for steel billet, domestic, exw Turkey, was $420-425 per tonne ex-works on August 27, unchanged week on week."The mills had lowered their billet offers to as low as $417 per tonne ex-works earlier this w...Read More

Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More

Bill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bill is a highly sought after speaker,...Read More

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 Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More

For Part 1 of this interview, CLICK HEREInvestors of all ages, and especially millennials, should seek markets that will give them an unfair advantage. Doug Casey, founder of Casey Research, and Rick Rule, president of Sprott U.S., said that great opportunities lie in the gold mining sector, as well as emerging and frontier markets, like Africa.Doug Casey is an American-born libertarian economist...Read More

There is no easy way to get through this massive financial crisis without extreme pain, and whether it's a 1930s style deflationary crash or a Weimar style hyperinflation, it all goes back to gold, silver, and what the government can't just create out of thin air...John Rubino joins Silver Doctors on Thursday, August 27, 2020, for a robust discussion on the civil unrest on Main Street, the Fed's n...Read More