Brace yourselves, winter is coming!This is what Ned Stark in the Game of Thrones told his people to prepare themfor the leaner times he saw coming. While one of the biggest threats in GOTwere the White Walkers, in our reality, the pandemic is again the greatest danger. As the chart below shows, the second wave of the coronavirus infections is no longer a mere possibility – it’s happeni...Read More
Below is a chart (source) showing a 10-year history of silver prices. The prices are adjusted for inflation… As you can see, the price of silver today is well below its peak price in 2011. At $24 per ounce, silver is down fifty-six percent since August 2011. When the silver price collapsed almost forty percent in just a few weeks earlier this year, its price briefly broke below $12 per ounc...Read More
Brace yourselves, winter is coming!This is what Ned Stark in the Game of Thrones told his people to prepare themfor the leaner times he saw coming. While one of the biggest threats in GOTwere the White Walkers, in our reality, the pandemic is again the greatest danger. As the chart below shows, the second wave of the coronavirus infections is no longer a mere possibility – it’s happeni...Read More
I just posted the INK Edge Top 30 up and down movers for the week in INK Chat. A gold miner, oil producer, US-cannabis distributor and cryptocurrency brokerage have caught our attention. Canadian Insider Club and Ultra members are eligible for an INK Chat invitation.If you are a member and have not registered for INK Chat, start via this link: https://chat.inkresearch.com/register/YEjtfbGRreQFhA8...Read More
Some container shipping lines are refusing to give rates for December shipments of scrap metal into South Asia and are even cancelling some existing orders, sources told Fastmarkets on Friday November 6.Four steel scrap traders that speak to Fastmarkets said they have either been unable to get December shipment quotations from their freight forwarders or are aware of others facing a similar situat...Read More
Finished steel inventories at member mills of the China Iron & Steel Association (Cisa) fell by 11.26% in late October from the middle of the month, according to data released on Wednesday November 4.October 21-31 outputCrude steel: 2.16 million tonnes per day, down 0.77%Finished steel: 2.14 million tpd, up...Read More
China's upcoming steel scrap futures looks set to be a game changer for the international community dealing in the steelmaking raw material.It will open up a whole new world of opportunities for both domestic and international traders, especially those who have been looking to capitalize on the massive size of China's domestic scrap market.While the Dalian Commodity Exchange (DCE) has yet to relea...Read More
Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Flat product prices in the US moved largely in line with our expectations in October, posting impressive gains across the product range, and slightly exceeding our forecasts for coil products.Domestic hot-rolled coil prices averaged $722 per tonne in October, exceeding our forecast of $705 per tonne forecast price.Although w...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Approaching the end of the calendar year, steelmakers and consumers enter a busy period of contract negotiations for supply for 2021 or at least the first quarter or half year.With the sharp increases in spot market steel prices during recent months, steelmakers are understandably looking to take advantage and secure higher c...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US ERW OCTG edges higher, seamless could followRising substrate costs helped support US ERW OCTG prices this month, especially at the upper end of the range of offers. Seamless OCTG and linepipe prices, meanwhile, held firm compared with September prices. The fundamentals remain weak, with rig counts going up...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US domestic prices for hot-rolled coil (HRC) moved sharply higher in September, in line with our expectations, but the magnitude of the rise exceeded our predictions. Domestic HRC prices averaged $566 per ton in September, exceeding our $540 per ton forecast price.A c...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
Share this articleCALGARY - There's opportunity for Canada to help supply the world's growing need for "energy transition metals" used in electric vehicle and power storage batteries but it faces stiff competition from other countries, especially China, observers say.Last month, the federal and Ontario governments announced they will each contribute $295 million to help Ford Canada produce electri...Read More
When markets get turbulent, the knee-jerk reaction from most less-experienced retail investors is to hit the sell button...by Dave Kranzler of Investment Research Dynamics with Chris Marcus of Arcadia EconomicsMany junior micro-cap exploration stocks have experienced sharp declines. Low relative liquidity in these names contributes meaningfully to the decline in share-price because for many of the...Read More
RAPAPORT... Richemont's jewelry sales outperformed the rest of the group in the three months ending September 30 as Chinese demand grew and consumers spent money online.Sales at jewelry maisons - Cartier, Van Cleef & Arpels, and Buccellati - increased 4% year on year for the company's second fiscal quarter, Richemont reported Friday. That compared with a 5% drop for the group as a whole."...Read More
RAPAPORT... Phillips will feature two diamond pieces by Chinese jewelry designer Feng J at an auction later this month, estimating they will fetch up to $5.8 million combined.The Jardin de Giverny, a diamond and gem-set necklace featuring a 19-carat, fancy-light-pink diamond center stone, carries a high presale valuation of $3.8 million. Designed to look like a garland of flowers, the necklace, wh...Read More