While the major Chinese stainless steel mills are expected to release their September tender prices for domestic ferro-chrome this week, the majority of market participants expect a price increase in near future tenders, including for September, Fastmarkets understands. Some market participants also long for such a price hike to boost the overall ferro-chrome market, which has been sluggish under...Read More

The company declared a fully franked final dividend of A24c per share, taking total FY19 dividends to $1.14 per share, equating to 78% of net profit after tax.Read More

Key data from the pricing sessions in Asia and Europe during the week ended Friday August 23.EuropeKey drivers Prices for both grades of antimony in Europe weakened on August 23 due to slow demand and few tonnages being exchanged. The price for antimony MMTA standard grade II, in-whs Rotterdam, has fallen by 0.4% while that for antimony max 100 ppm, Bi in-whs Rotterdam, ha...Read More

Glencore AG has provided a $5 million loan facility to First Cobalt Corp to complete work associated with a recommissioning and expansion of its refinery in Canada. The goal is to produce battery-grade cobalt sulfate for prequalification for the electric vehicle supply chain.The loan will be used for advanced engineering, metallurgical testing, field work and permitting at the site in Ontario, Can...Read More

Several years ago I was dating a woman from a small town in upstate New York. One Thanksgiving, we drove from Maryland to visit her parents who still lived there. This was the first time I had been to her hometown.It was a small Podunk place - one of those kinds of towns where the population of cows outnumbers people, a place where you go to the grocery store or the CVS because there's only one in...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 saw a strong initial surge from heavily oversold conditions, rising as high as 1093.97 intraday. However, the Index could not hold those gains amid weakness in world markets, and it pulled back steeply to 1071.95. It did, however, manage a nominal gain of 0.94 point...Read More

The rate of price decreases in the Vietnamese hot-rolled coil import market eased in the past week after a spurt of short-selling by aggressive traders.Fastmarkets' steel HRC import, cfr Vietnam assessment - which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam - was $470-475 per tonne cfr for the week ending Monday August 26, down $4-5 per tonn...Read More

China's hot-rolled coil prices dropped in both the spot and futures markets on Monday August 26, amid escalating trade tensions between the country and the United States.DomesticEastern China (Shanghai): 3,670-3,680 yuan ($517-519) per tonne, down 50 yuan per tonneNorthern China (Tangshan): 3,650 yuan per tonne, down 50 yuan per tonneSpot prices plunged after mills lowered their offers in the morn...Read More

The protracted economic battle between the United States and China will rewrite the rules of global trading and will not be resolved anytime soon, steel market sources in Asia told Fastmarkets."The world will wait and see who is able to gain the upper hand in the end and then follow the new rules of trading set by the winner," a major trader in China said.Market sources expect the entire ferrous s...Read More

Chinese reinforcing bar has regained full competitiveness in the Singapore import market, with offers falling to levels on par with Indian and Turkish rebar.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was at $475 per tonne for the week to Monday August 26,&...Read More

China's rebar market softened on Monday August 26 amid escalating trade friction between the country and the United States, with both sides announcing tariffs against the other's products ahead of the weekend.Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($513-517) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,590-3,610 yuan per tonne, down 10-20 yuan per tonneThe Chinese gove...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Rebar East China, domestic, grade III 16-25mm...Read More

Seaborne iron ore prices dropped below $85 per tonne cfr again on Monday August 26 after trade tensions between China and the United States escalated over the weekend.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.91 per tonne, down $2.90 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $85.29 per tonne, down $2.90 per tonne.62% Fe low-alumina fines, cfr Qingdao: $84.32 per tonne, do...Read More

StrengthsThe best performing metal this week was silver, up 2.03 percent. Gold came in second place, up 1 percent. Inflows into ETFs backed by gold have hit 1,000 metric tons since holdings bottomed in early 2016. Bloomberg data shows that total known ETF holdings rose to 2,424.9 tons on Wednesday, which is the highest since 2013. Goldman Sachs predicts that the price of the yellow metal will cl...Read More

Seaborne iron ore concentrate continued to fetch narrower discounts last week, while the pellet market stayed soft.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $93.12 per tonne last Friday August 23, down $3.16 per tonne from a week earlier. The movement was based on visible market activity detailed below, which was included in the index calculation acco...Read More

David Stockman appears on "Cavuto Coast to Coast" (Aug. 26, 2019)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author...Read More

"I don't know how much longer the markets are going to buy this."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, includi...Read More

The United States has become the poster child for why governments and central banks should never, EVER, be granted a monopoly on creating money. Gold has been the ultimate money for approximately 6,000 years and the U.S. government has proved, without a question of doubt, as to why this is so. Gold is not money do to any man-made laws. Gold is money despite man-made laws, and is a product of the v...Read More

Would you be shocked to find out that the Markets are 100% rigged - 100% of the time by computer programs? You shouldn't be! All Markets - All the Time...since the 1960's (and before!)Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicate...Read More

Jacob G. Hornberger is founder and president of The Future of Freedom Foundation. He was born and raised in Laredo, Texas, and received his B.A. in economics from Virginia Continue...Read More