An overview of the battery raw materials markets and their latest price moves.Read More
China's lithium market reached weaker prices over the week to Thursday July 25 on slow market activity, while most cathode makers have reduced output over the summer period and limited reports of transactions on the spot market.Prices in the rest of the world remained unchanged week on week.Battery-grade lithium carbonate and hydroxide price ranges narrowed on lower achieved prices and slow market...Read More
Indian mills were looking for a steep cut in domestic prices for hot-rolled coil (HRC) in August in an attempt to boost sales, Fastmarkets heard on Friday July 26.According to an official from a private-sector steel mill, the price reduction in HRC for sales in August could be in the range of 1,000-1,500 rupees ($14-22) per tonne."Domestic demand for HRC is very weak," the official said, "and a pr...Read More
Extraordinary feats of magic are taking place right under our noses.And the magician pulling off these incredible tricks would make David Copperfield scratch his head in amazement.First, I want you to take a look at the Sino Energy 1, a Hong Kong-flagged oil tanker:From a size perspective, the Sino Energy 1 isn't the largest crude tanker at sea.Built in 1999, she measures roughly 182 meters in len...Read More
Strategic Metals Ltd. (TSX-V: SMD) is a project generator, focused in the Yukon, with a portfolio of more than 130 projects that are the product of over 50 years of focused exploration and research by a team with a track record of major discoveries. Current projects include 116 wholly owned, 5 joint ventures, 5 under option and 8 royalty interests. We learned from Richard Drechsler, VP Communicati...Read More
Flat-rolled steel prices were under pressure during the week ended Friday July 26 in South America, on discounted deals reported on the Pacific coast and amid lower offers from China.Fastmarkets assessed the price of steel hot-rolled coil, import, cfr main ports South America, at $520-540 per tonne on Friday, down from $540-550 per tonne a week before.At least two deals for August-September delive...Read More
(Corrects seventh graph to clarify investors expect U.S. Fed tocut interest rates by 25 basis points and not 0.25 basis points) * Gold set for first weekly decline in three weeks * U.S. GDP data due at 1230 GMT * Silver and platinum on track for third weekly gainBy Karthika Suresh Namboothiri and Arpan VargheseJuly 26 (Reuters) - Gold firmed on Friday, having shed 1% inthe previous session on robu...Read More
Turkish hot-rolled coil prices were mostly stable on Friday July 26, due to the summer slowdown and a reduction in end-user consumption, but export prices nudged up, sources told Fastmarkets.HRC exportsTurkey's export price for HRC increased because Turkish mills are already booked until late September and would not give a discount to buyers because the export price is already $20 per tonne l...Read More
The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per t...Read More
Domestic rebar prices in Poland have been stable over the past week because buyers expected to announce new offers next week, sources told Fastmarkets on Friday July 26.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was unchanged at 2,070-2,120 zloty ($542-555) per tonne on July 26.The assessment reflected the latest deals and offers heard in the mark...Read More
Turkish long steel export prices remained under pressure from low demand in the country's major sales destinations this week, sources told Fastmarkets.Turkish rebar for export was on offer at $460-465 per tonne fob, edging down from $460-470 per tonne last week. One source reported material being available at $455 per tonne fob, but even this price failed to spark customer inte...Read More
Export prices for pig iron from the south of Brazil have increased on new deals reported during the week ended Friday July 26.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was up by $5 per tonne to $320-325 per tonne fob on Friday.One sale of 40,000 tonnes of high-phosphorus pig iron was heard to Turkey at $320 per tonne fob for September shipment.Another carg...Read More
UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More
Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories. Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments....Read More
Prices for steel slab from Brazil remained stable in the week ended Friday July 26 because few deals were reported and buyers continued to push for lower costs.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, was $420-430 per tonne on Friday, unchanged from the previous week.Cost pressures remained strong this week, and limited producers' ability to reduce prices f...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
Dear Friend of GATA and Gold:Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.What does it mean?The announcement attributes the decision to let the agreement expire to the gold market's having become "mature," but how did the gold market suddenly "mature" when, upon the signing of the first...Read More
Daniel R. Amerman If there is a recession in the next one to two years, there is also likely to be another bear market for stocks. Based on their experience over their lifetimes, many investors are expecting a "normal" bear market in that event, perhaps in the 20% to 25% range in terms of losses.However, we are not in normal times, and we have seen a fundamental change in stock valuations over...Read More
Gary ChristensonIndividuals dream about winning the lottery, stock market profits, reducing debt, earning more income, attractive sex partners, and tasty food. But our dreams can turn into nightmares filled with inflation ghosts and monsters.The derivative monster is a destroyer. Deutsche Bank stock closed at $6.76 on June 7, 2019, down from over $100 in 2007. A repeat of 2007 is possible. Price...Read More