The cobalt standard grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $13.75-14.20/lb on Friday July 31, 2020. Bid at $13.80...Read More
The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
A summary of Glencore's production results for the half year ended June 30, as stated in the company's latest half year report released on Friday July 31. In brief Glencore attributable ferro-chrome production fell by 42% year on year in the first half of the year due to production disruptions in South Africa following the national Covid-19 lockdown during March and April. Smelting operation...Read More
European monthly grade-304 alloy steel surcharges for August have increased slightly from July's values because of higher nickel costs, Fastmarkets heard on Friday July 31.Fastmarkets' stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe was calculated at ?,?1,345-1,367 ($1,586-1,612) per tonne on Friday, up by ?,?16-24 per tonne from the July range.The average nick...Read More
A slight increase in European monthly grade-304 alloy steel surcharges for August is unlikely to result in higher transaction prices for finished stainless steel products because of a weak underlying market, Fastmarkets heard on Friday July 31.Grade-304 surcharges have increased on higher nickel costs but by relatively modest amounts, with Fastmarkets' stainless steel cold-rolled sheet 2mm grade 3...Read More
Aluminium scrap prices in the United States were mostly steady this past week, but overseas demand for some grades lent support to rising prices, sources told Fastmarkets. "Right now there's [a cat and mouse game] where domestic primary and secondary mills are trying to keep a happy balance between keeping some level of scrap flowing and not [becoming long on product] as finished product sales and...Read More
Chile's environmental watchdog said it would charge BHP's (NYSE, LSE: BHP) Escondida copper mine, the world's largest, with drawing more water than its permits allowed for nearly 15 years.The Superintendency of the Environment (SMA) said the operation has caused a decrease in the water table levels greater than 25 cm, which is the allowed limit in the Atacama desert, the world's driest, where Esco...Read More
Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) on July 30 reported strong financial and operating results for the second quarter of 2020, despite disruptions caused by Covid-19.Adjusted net earnings came to US$219.3 million, or 79 ? per share, double the Q2 2019 level of US$109.8 million, or 52 ? per share, and 22% higher than the US$179.2 million, or 70 ? per share, recorded for the previous quarte...Read More
Offers for deep-sea import scrap to Bangladesh rose again over the past week, leading mills to focus their attention on markets for domestic scrap and containerized import scrap, sources told Fastmarkets."The markets have turned and it's definitely a seller's market now," one South Asian trader said. "We're not giving space for buyers to come back to negotiate while the market is rising, so these...Read More
It is said that a picture is worth 1000words, and thus two pictures are worth 2000 words. The entire financial systemis fracturing and imploding, no exaggeration. The entire monetary system is beingundermined in a true Weimar sense, in reality. Such a situation almost neverhas come about without a world war. Since 2001 in the Jackass opinion, theworld financial war has been in progress with the im...Read More
The following is an update of a previousarticle: During the 2008 financial crisis the Fedsignificantly increased the US monetary base to keep the system from collapse.They are currently in a similar situation, and have done (is doing) the exactsame thing.Here is a chart of the US monetary base toillustrate the similarity: With the 2008 actions they were able to avoidthe collapse until now. Will th...Read More
Prices for round polished diamond were largely static for the "bread and butter goods" - sizes between 0.70-1.99 cts - in July. Fancies under four carats sustained a number of losses. There wasn't a single movement among one-carat rounds (1.00-1.24 cts) and slightly larger and smaller stones - 0.90-0.99 cts and 1.25-1.49 cts - barely moved. But there were discernible trends among some ot...Read More
Aug 03, 2020 Guest(s): Jim Rickards Best-selling Author Peter Schiff CEO, Euro Pacific Capital Quantitative easing by the Federal Reserve has undoubtedly expanded the Fed balance sheet to record levels, but the outcome on consumer and asset prices is yet to be seen.Jim Rickards, best-selling author, said that the Fed has failed to deliver inflation in the past when there was monetary stimulus, w...Read More
It is said that a picture is worth 1000words, and thus two pictures are worth 2000 words. The entire financial systemis fracturing and imploding, no exaggeration. The entire monetary system is beingundermined in a true Weimar sense, in reality. Such a situation almost neverhas come about without a world war. Since 2001 in the Jackass opinion, theworld financial war has been in progress with the im...Read More
The following is an update of a previousarticle: During the 2008 financial crisis the Fedsignificantly increased the US monetary base to keep the system from collapse.They are currently in a similar situation, and have done (is doing) the exactsame thing.Here is a chart of the US monetary base toillustrate the similarity: With the 2008 actions they were able to avoidthe collapse until now. Will th...Read More
Aug 04, 2020 Guest(s): Steven Dunn Head of ETFs, Aberdeen Standard Investments In order for gold prices to move much higher, substantially more stimulus would be needed from the Federal Reserve, according to Steve Dunn, head of ETFs of Aberdeen Standard Investments. "Is a $1 trillion enough? I would suggest that the market has already priced in something along those lines. Would $3 trillion be d...Read More
We're in this mess because of a lack of long-term planning. Do I mean the fiscal crisis facing this country or the health crisis? Yes. In a time where rapid money printing has gone hand-in-hand with a pandemic to bring the economy to a grinding halt, it seems like unified leadership is a pipe dream at best. Instead, the people responsible for trying to get us through this are content to point...Read More
It is said that a picture is worth 1000words, and thus two pictures are worth 2000 words. The entire financial systemis fracturing and imploding, no exaggeration. The entire monetary system is beingundermined in a true Weimar sense, in reality. Such a situation almost neverhas come about without a world war. Since 2001 in the Jackass opinion, theworld financial war has been in progress with the im...Read More