Here are five Fastmarkets stories you might have missed on Monday September 21 that are worth another look.Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) will launch an initial public offering (IPO) of its mining division stock to fund a $6-billion expansion plan that will increase capacity to 108...Read More

Turkish domestic scrap prices have remained largely stable over the past week amid steady import values, sources said on Monday September 21.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,040-2,270 lira ($268-299) per tonne on Monday, unchanged week-on-week."Imported scrap prices have remained on a sideways track in the past couple of wee...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the most part little changed to firmer this morning, Monday September 21, with only December nickel in Shanghai showing a loss.But with Asian-Pacific equities and pre-market major western equity index futures weaker, the metals may face headwinds today.Dollar, US treasuries and gold all consolidating, waiti...Read More

Bearish supply fundamentals and a high London Metal Exchange three-month price continue to spark debate in the nickel market, but while Citi maintains that the much-lauded electric vehicle (EV) metal is its least-preferred for medium-term investment, a quick turnaround in Chinese economic recovery is providing green shoots for physical demand, analyst Oliver Nugent told Fastmarkets. "We can't help...Read More

Tarku Resources Ltd (TSX-V: TKU) is a sustainable project generator, focused on discoveries for precious and base metals, using modern exploration techniques, in the mineral-rich Canadian landscape. The Company is currently focused on their wholly owned "3As" Gold projects, namely Apollo (Gold), Atlas (Gold-Zinc-Silver-Copper) and Admiral (Gold), located in the Matagami greenstone belt, which has...Read More

The coronavirus pandemic has boosted public and corporate interest in contactless and cashless payment options.As a result, new payment systems like Tap & Go have been popping up in retail stores faster than ever over the past few months.Nevertheless, there are definitely some minor kinks in Tap-&-Go payment systems that need to be worked out before we can really call it "contactless."Tap, Touch,...Read More

Cobalt hydroxide prices and payables continued to firm last week as suppliers successfully held out for higher numbers amid optimism derived from China's State Reserve Bureau (SRB) stockpiling drive, and interest from consumers and the trade to restock.Fastmarkets' cobalt hydroxide index, 30% min Co, cif China was calculated at $11.94 per lb on Friday September 18, up 0.7% from $11.86 per lb on Se...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN rebounded from its retreat to 1038.55 with a nice 32.6 point bounce to 1071.15, for an impressive gain of 3.1%.MACD had a major reversal, going from -7.11 all the way to 2.63, for a gain of 9.74 points. Equally as important is that the MACD fast line (blue) crossed...Read More

Here are five Fastmarkets stories you might have missed on Monday September 21 that are worth another look.Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) will launch an initial public offering (IPO) of its mining division stock to fund a $6-billion expansion plan that will increase capacity to 108...Read More

Sentiment in the Northern European hot-rolled coil market remained upbeat on Monday September 21, driven by reduced output from domestic steelmakers and a lack of competitive import offers, sources told Fastmarkets.Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?484.95 ($574.10) per tonne on Monday, down by ?,?1.97 per tonne from ?,?486.92 per ton...Read More

Prices for flat steel products in Russia's Central Federal District around Moscow remained firm in the seven days to Monday September 21, supported by strong export prices, sources told Fastmarkets at the start of this week.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 42,000-43,000 roubles ($554-567) per tonne including 20% value-added tax on S...Read More

CIS exporters of rebar and wire rod continued to push up their offer prices over the past week because of reduced availability due to repairs being carried out at some facilities.Ukrainian rebar was on offer at $485 per tonne fob Black Sea, while Russian material was available at $475-480 per tonne fob, sources told Fastmarkets.Wire rod price indications from Ukraine were coming in at $5...Read More

The domestic steel rebar market in Russia's Central Federal District around Moscow picked up on new offers from mills, backed by good demand from the end sector, sources told Fastmarkets on Monday September 21. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia surged to 40,000-41,000 roubles ($528-542) per tonne on September 21, including 20%...Read More

China's rebar prices dropped in both the domestic and export markets on Monday September 21, amid inactivity and bearish sentiment. DomesticEastern China (Shanghai): 3,650-3,670 yuan ($545-548) per tonne, down by 30 yuan per tonneConcerns about the Covid-19 pandemic in the United States weighed on global stock markets, putting commodities futures under pressure and pushing down spot rebar prices.E...Read More

If the high cost of living is cramping your lifestyle and postponing your retirement plans, despite glowing CPI and stock market numbers from official sources, you're not alone. And did you know that investment firms provide the wealthy with very different financial advice and opportunities than what they offer to ordinary people? Most wage earners and professionals dutifully follow the standard "...Read More

Chris Vermeulen joins us on RTD Q&A to talk about the markets and metals.Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Read More

Here is our near-term technical outlook, with the potential downside risk, which if realized will setup a buy opportunity before the next leg higher.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated in...Read More

Bank stocks, including Dow component J.P. Morgan Chase, sank in Monday's premarket as leaked U.S. government files showed that banks reported to regulators $2 trillion of suspicious activity over nearly two decades. Germany's largest lender Deutsche Bank appears to have facilitated the most transactions by far in dollar amounts, followed by J.P. Morgan, the U.K.'s Standard Chartered and Bank of Ne...Read More

Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More

1. Market gapped down today. The Dow and all indexes are getting hammered. Is it the start of a major decline. A 250 point decline on the Nasdaq. Russell 2000 down 4%, a huge decline. It's an ugly day. Nick does not believe that we're going to retest the March lows. It's all about election insanity. We don't want to fight the trend, but when volume kicked up on the downside, Nick knew it was headi...Read More