Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.Read More
There is one story that may be bigger than the elections, the riots and the pandemic, but it will take a few years to play out.Continue...Read More
In the early days of the coronavirus outbreak there was a robust debate about the source. Obviously, this outbreak started in Wuhan, China late in 2019 and spread from there, first to other Continue...Read More
The game the government and the financial markets have been playing for the past few years - in which stocks tank until the Fed capitulates and agrees to cut interest rates and/or ramp up QE, after Continue...Read More
"Those without [help] are struggling badly," Cuban says. "We need to get them help."Continue...Read More
Suffice it to say, Europe has been conquered according to VERY RELIABLE SOURCES, and as such, the main focus has been on subjugating the Anglo-Saxon countries. This is why we see absolutelyContinue...Read More
Trump will not commit to a peaceful transfer of power.Trump reiterated his wait and see attitude today, a bit more forcefully.Continue...Read More
With the Pentagon expected to reduce troops levels in Afghanistan down to 4,500 by the November elections, and with the still negotiated US-Taliban peace deal facilitating this, on Tuesday a Continue...Read More
Massive amounts of gold are sitting in landfills in old electronic devices, which means the world will never run out of gold.Continue...Read More
Some of the silver miners are already making a lot of money with silver at $25. So one can only wonder how much money stocks like First Majestic Silver are going to be making when the price of silver eventually hits $50. And if you're wondering what the stock price of First Majestic could be when that happens, click to find out what silver expert Jeff Clark of goldsilver.com thinks!Jeff Clark is e...Read More
Slovak ferro-alloys producer OFZ Slovakia is producing a reduced rate of ferro-silicon, compounding other European plants that have cut production in response to the fall in consumption from steelmakers struggling to tackle end-user demand, an industry source told Fastmarkets.OFZ Slovakia is operating only two of its four ferro-silicon producing furnaces, with the rest of its furnaces producing ma...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 24 that are worth another look.Brazilian ferrous scrap association Inesfa expects further decreases in export volumes from the levels seen in August, with demand rising among local steelmakers amid a heated steel market, the group's president, Clineu Alvarenga, said...Read More
Novolipietsk Steel (NLMK), the largest steel producer in Russia, has resumed iron ore concentrate output at its Stoilensky mining and processing plant after two weeks of downtime due to an accident, the company said.Stoilensky GOK resumed operations on September 22 in a hot trials mode after output at the asset was stopped on September 7 following an accident, NLMK said.The restoration works laste...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 24 that are worth another look.Brazilian ferrous scrap association Inesfa expects further decreases in export volumes from the levels seen in August, with demand rising among local steelmakers amid a heated steel market, the group's president, Clineu Alvarenga, said...Read More
Several Bangladeshi steelmakers have exited the market for imports of steel scrap in recent days, piling further pressure on already-weakening prices, market participants told Fastmarkets on Thursday September 24.No deep-sea bulk imports have been booked into Bangladesh over the past week, while deals for material in containers were closed at lower prices than in the previous week."I think Banglad...Read More
Indian steel mills have held back their offers of hot-rolled coil for export shipments in November because the fob value of the bids they have received has fallen to less than $500 per tonne, Fastmarkets heard on Thursday September 24."Currently, [Indian] mills are neither issuing offers for HRC exports nor responding to bids," one market participant said.Bids for HRC exports received this week by...Read More
Slovak ferro-alloys producer OFZ Slovakia is producing a reduced rate of ferro-silicon, compounding other European plants that have cut production in response to the fall in consumption from steelmakers struggling to tackle end-user demand, an industry source told Fastmarkets.OFZ Slovakia is operating only two of its four ferro-silicon producing furnaces, with the rest of its furnaces producing ma...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 24 that are worth another look.Brazilian ferrous scrap association Inesfa expects further decreases in export volumes from the levels seen in August, with demand rising among local steelmakers amid a heated steel market, the group's president, Clineu Alvarenga, said...Read More
Seaborne premium hard coking coal prices maintained their uptrend on Thursday September 24 amid active trading, although not as strongly as on Wednesday, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.86 per tonne, up $0.09 per tonne Premium hard coking coal, cfr Jingtang: $143.39 per tonne, up $1.70 per tonneHard coking coal, fob DBCT: $110.76...Read More
Iron ore prices rebounded on Thursday September 24, aided by mills' need to restock ahead of a holiday in China, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $114.67 per tonne, up $0.86 per tonne62% Fe low-alumina fines, cfr Qingdao: $115.46 per tonne, up $0.05 per tonne58% Fe fines high-grade premium, cfr Qingdao: $107.75 per tonne,down $0.10 per tonne65% Fe Brazil-origin...Read More