Extensive discuss with Craig Hemke a/k/a Turd Ferguson. It's all about negative real interest rates. The Fed can under no means allow interest rates to rise. This means that as inflation kicks up, real interest rates will turn decidedly negative, maybe by as much as 300 to 400 basis points. When was the last time we saw anything like that? In the late 1970's-1980's, when gold hit it's then all tim...Read More
This week I am joined by Danielle DiMartino Booth. Former investment banker, Dallas Federal Reserve Advisor, Author of "Fed Up" and financial expert and commentator on economic trends, Danielle provides context to federal action, what's going on in the economy and educates on the perils of the path we are taking.Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a rese...Read More
E. B. Tucker from Metalla Royalty and author of the book "Why Gold, Why Now," joins Elijah K. Johnson on the Miles Franklin Market Update.Why gold, why now? Gold is simple, Tucker says. Gold doesn't depend on any third party for its value.During the COVID-19 pandemic, the value of the amount of COVID-19 stimulus around the world is about the same as all the gold in the world. "Gold is your safe ha...Read More
First-time guest Lobo Tiggre, founder of IndependentSpeculator.com, joins Liberty and Finance to offer his view of the political, economic, and financial times we are hurtling through. Lobo draws a sharp distinction between how monetary metals (gold & silver) will fare vs. industrial & commodity metals and other natural resources. Lobo also answers viewers' questions about:- safe countries to relo...Read More
South African manganese alloys producer Transalloys has declared force majeure after a fire at its plant in the country on August 22 that severely impacted the raw material handling system feeding its five furnaces, it was revealed over the weekend. No personnel were injured in the fire, the company said. The precise length of the force majeure is unclear at this stage, with the restoration of ful...Read More
The latest data for the global manganese ore market for the week ended September 1, 2020.Read More
Brazilian iron ore exports totaled 31.33 million tonnes in August, down by 7.4% from 33.82 million tonnes a year earlier, the country's ministry of economy said on Tuesday September 1.Part of the decrease was explained by August having 21 working days in 2020 versus 22 working days in the same month last year. Daily average exports were 1.49 million tonnes, down by 2.96% from 1.54 million tonnes i...Read More
ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on Tuesday September 1. The decision to bring the capacities back is connected to the relining of a BF at ArcelorMittal Gent in Belgium, the company said. ArcelorMittal Fos-sur-Mer The company will resume operations at BF No1 at Fos-sur-Mer plant in t...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Prices across most ferro-alloy markets trended stable to lower in August as demand remained subdued in major markets, apart from China where steel output continues to rise at a rapid pace, supporting demand for ferro-alloys. As alloy makers seek to remedy supply/demand imbalan...Read More
Aluminium premiums in Europe and Asia rose on Tuesday September 1 due to improving fundamentals and a consistently wide contango on the London Metal Exchange, while the premium in the United States fell ahead of a national holiday next week. Stronger demand and a wide contango help to boost premiums in EuropeHigher fourth-quarter premiums and domestic demand support increases i...Read More
Brazilian iron ore exports totaled 31.33 million tonnes in August, down by 7.4% from 33.82 million tonnes a year earlier, the country's ministry of economy said on Tuesday September 1.Part of the decrease was explained by August having 21 working days in 2020 versus 22 working days in the same month last year. Daily average exports were 1.49 million tonnes, down by 2.96% from 1.54 million tonnes i...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
Market participants believe iron ore concentrate premiums - rather than those for high-grade fines - will improve closer to the onset of winter when Chinese steelmakers start to adapt to strict anti-pollution measures imposed by authorities.Sintering restrictions usually cause demand for iron ore fines to fall compared to cleaner ore types. This is due to the higher levels of particulate pollution...Read More
Three-month base metals prices on the London Metal Exchange were broadly trending upward during the afternoon session on Tuesday September 1, rallying on better data for the China purchasing managers' index (PMI) and a weak US dollar.The base-metals complex continued its recent macro-following trend on Tuesday, rising on hopes of greater Chinese demand with the region's manufacturing figures going...Read More
Seaborne premium hard coking coal prices moved in different directions on Tuesday September 1, reflecting more activity in the fob market compared with the cfr market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.07 per tonne, up $0.48 per tonne Premium hard coking coal, cfr Jingtang: $114.49 per tonne, down $0.34 per tonneHard coking coal, fob DBCT: $85.76 per tonne,...Read More
Three-month base metals prices on the London Metal Exchange were collectively higher during morning trading on Tuesday September 1, with both nickel and zinc prices leading the way with 2.5% increases on high turnover, while positive manufacturing data out of Europe this morning bolstered buying momentum further. Nickel's outright price on the LME was recently at $15,715 per tonne, climbing 2.58%...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Prices across most ferro-alloy markets trended stable to lower in August as demand remained subdued in major markets, apart from China where steel output continues to rise at a rapid pace, supporting demand for ferro-alloys. As alloy makers seek to remedy supply/demand imbalan...Read More
Ferrous scrap prices in Mexico were mostly unchanged in the week ended Friday August 28 amid steady demand, particularly in the country's central region.No major price changes were announced, with some market participants still adjusting to price increases in earlier weeks.Fastmarkets' assessment of steel scrap No1 busheling, consumer buying price, delivered mill Bajio was at 5,950 pesos per...Read More