Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
"We're heading for a rough period, but it's only going to be weeks, we think. Weeks [or] months, but it's not going to be years, that's for sure," Kudlow said.Continue...Read More
'There really is no middle ground, and it's very tough to say to people, "Hey, keep going to restaurants, go buy new houses, [and] ignore that pile of bodies over in the corner. We want you Continue...Read More
President Donald Trump and Vice President Mike Pence held a call with some of America's wealthiest investors to discuss the coronavirus impact on the economy, according to sources.Continue...Read More
Last night, when observing the unprecedented "gold run" on precious metals dealers which has left all gold vendors with little Continue...Read More
Brazilian steelmaker Gerdau has temporarily halted operations in Argentina and Peru following lockdowns in both countries to combat the spread of the novel coronavirus (2019-nCoV) pandemic.Gerdau's activities in Brazil have been affected, but have not been suspended so far, the company said on Tuesday March 24.Capital expenditure initiatives around the globe have been put on hold to reduce on...Read More
The global pandemic has shut down several mining jurisdictions around the world, taking off a large chunk of silver production, this according to Keith Neumeyer, CEO of First Majestic Silver. "In 2018, we produced, as a global industry, 855 million ounces of silver. So far, we've had Peru come offline, with 145 million ounces, we've had Chile come offline with 42 million ounces, we've had Argentin...Read More
Can you imagine being in "blinding pain" for weeks, constantly gasping for air as you feel like you are being suffocated, and screaming for mercy because you are in so much constant torment? Continue...Read More
"We can't have the cure be worse than the problem," Trump told reporters Monday. "We have to open our country because that causes problems that, in my opinion, could be far bigger problems."Continue...Read More
Some of the prices for steel rebar and billet in the United Arab Emirates decreased over the past week, with demand very weak amid concerns about the spread of the coronavirus (2019-nCoV), market sources said on Tuesday March 24.Additionally, local rebar producers announced new domestic prices last week.Emirates Steel is now offering rebar at 1,853 ($504) dirhams, down from 1,897 dirhams per tonne...Read More
China's domestic rebar prices were mixed on Tuesday March 24, with those in the eastern region dipping while the northern market held steady amid fluctuating futures. Eastern China (Shanghai): 3,450-3,480 yuan ($486-490) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,360-3,400 yuan per tonne, unchangedRebar futures dropped to a low of 3,373 yuan per tonne in the first 10 minutes of...Read More
Turkey has requested the intervention of the World Trade Organization's Dispute Settlement Body in connection with steel safeguard measures introduced by the European Union.On Thursday, March 19, the WTO, said that a Turkish delegation had notified the organization that Turkey was deeply concerned by the safeguard measures imposed by the EU on imports of certain steel products...Read More
Automakers Toyota and Ford Motor Co are suspending their production lines in Japan, India, Vietnam and Thailand due to the novel coronavirus (2019-nCoV) pandemic.Toyota will stop seven production lines at its five domestic facilities in Japan from April 3 for 3-9 days due to a decline in overseas demand.Location: Takaoka Plant Line: No1 Date: April 3-7 (three days)Location:&nb...Read More
India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.In an address to the nation, Indian prime minister Narendra Modi said that the lockdown was effective from midnight local time, 18:30 London time."For the past two days, many parts of the country have been locked down. From m...Read More
Brazilian steelmaker Gerdau has temporarily halted operations in Argentina and Peru following lockdowns in both countries to combat the spread of the novel coronavirus (2019-nCoV) pandemic.Gerdau's activities in Brazil have been affected, but have not been suspended so far, the company said on Tuesday March 24.Capital expenditure initiatives around the globe have been put on hold to reduce on...Read More
German steelmakers Saarstahl and Dillinger - both part of Stahl Holding Saar (SHS) holdings - reported a big decline in their respective full-year earnings for 2019 due to tough market conditions hampering demand for steel products, the company said on Tuesday, March 24In brief Saarstahl recorded a sharp drop of pre-tax earnings in 2019 due to a downturn in steel demand, persistent global overcapa...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 24.Please click on...Read More
Ferrous scrap prices in Mexico increased in the week ended Friday March 20 on a strong currency devaluation which made the material more expensive in pesos, while steelmakers were building inventories before scrap runs out amid global lockdowns.At least two major steel producers bid for scrap at prices 200-300 pesos ($8-12) above those of the previous week. But the increase was not enough to offs...Read More
Domestic prices for hot-rolled coil have been fairly stable across Europe due to the limited trading activity, sources told Fastmarkets on Tuesday March 24.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?474.00 ($508.63) per tonne on Tuesday, up by ?,?1 per tonne from ?,?473.00 per tonne ex-works on March 23.Wednesday's index was calculated based on offers and...Read More