Japanese ferrous scrap export transaction prices were unchanged over the week to February 26 despite a rise in offer prices from most sellers, market sources told Fastmarkets.A rise in container freights - amid a shortage of containers - increased demand for unusual bulk scrap bookings over the week in Asian countries including India and Pakistan, while a similar pattern emerged in Taiwan, with gr...Read More

Key data from the February 27 pricing session in London. Key drivers:  Spot market reportedly tight, especially for alloy-grade units, with material held in tight hands. Spot activity has been reasonably thin while market awaits greater clarity on the economic and demand impact of...Read More

Cobalt hydroxide payables have stabilized over the past week, with buyers taking a more hesitant approach to restocking against an uncertain backdrop for cobalt consumption and prices in the coming months. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China was unchanged at 67-69.5% of the standard-grade cobalt price (low-end) on February 26. Payables had been rising steadily si...Read More

Deliveries of battery raw materials from Chinese producers to consumers in South Korea and Japan are continuing as usual despite a recent surge in the number of people infected by the novel coronavirus (2019-nCoV) in the latter two countries, Fastmarkets understands. Major exporters of battery precursor materials in China told Fastmarkets this week that they have not been requested by their custom...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

Domestic prices for hot-rolled coil in Northern Europe inched up day on day on Thursday February 27, supported by long delivery times for domestic material and a lack of import offers, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?484.38 ($526.85) per tonne on February 27, up by ?,?0.67 per tonne day on day from ?,?483.71 per to...Read More

The Chinese domestic price for silico-manganese has drifted downward significantly in recent assessments because some alloy smelters reduced their offer prices to attract buying interest and generate cash amid the sluggish demand circumstances created by the outbreak of the 2019-nCoV coronavirus, market participants have told Fastmarkets.Fastmarkets' latest assessment of the price of silico-mangan...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

A summary of Mexican long-steel producer Grupo Simec's financial performance in the fourth quarter and full year 2019.In brief Lower shipments and average steel prices per tonne in the fourth quarter reduced full-year net sales for Grupo Simec, despite higher revenues reported overseas in 2019 as a whole, the company's quarterly reported showed on Wednesday February 26. According to the company, d...Read More

Turkish rebar and wire rod prices have continued higher over the past week due to a weakening lira against the dollar, while demand for the materials has also been improving, sources said.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,180-3,230 lira ($517-525) per tonne on Thursday February 27, up from the 3,150-3,190 lira per tonne last week.The...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Vale's shipments from Ponta da Madeira were not affected by the incident, the miner said late on Wednesday February 26.The ship, a very large ore carrier (VLOC) called MV Stellar Banner...Read More

Turkish steel mills have continued to stay away from the deep-sea scrap markets to try to keep pressure on prices, sources said on Thursday February 27.After a buying spree in the past three weeks, the mills stopped their deep-sea purchases at the beginning of this week.The mills were very active in the deep-sea scrap markets in the period from February 4-24, booking at least 22 cargoes totaling m...Read More

Turkish steel billet prices have remained stable over the past week on steady imported scrap costs, sources said on Thursday February 27.The suppliers in the Commonwealth of Independent States (CIS) region were still offering material at $405-415 per tonne cfr this week, but no significant bookings were heard at those prices.Some sources believed that bids from Turkish customers would be heard at....Read More

To Watch Update #33, CLICK HEREThe situation with the coronavirus is quickly going from bad to worse.Hundreds of cases breaking out across the world, dozens of new deaths.And, of course, these are just the official numbers. Many countries have inadequate/non-existent testing procedures, so the true numbers may be quite a bit higher.As covid-19 continues to rip through the EU, Iran and South Korea,...Read More

As predicted by both Mike Maloney and Chris Martenson, the economic consequences of the Coronavirus pandemic are proving to be devastating. Markets are being crushed all around the world, as investors and industry slowly awaken to the dire circumstances that will effect every aspect of our intertwined 'just in time' economy. Join Mike and Chris for their latest update on the markets, the US dollar...Read More

Charles was long gold from $1494 and closed the trade two days ago when it hit its short term cycle peak. Chareles believes that it will resume it's upward trajectory in early summer 2020, eventually hitting a $2500. The Vix hit a high as predicted. Crude is still going to 36. Natgas hit a low of 1.77 per mm btu, another Nenner call. Charles's target high for the S&P was 3389 and that's where it l...Read More

*Interview was recorded on 13th Feb 2020Discussed in this interview:02:32 Top trend for 2020: New world disorder08:01 Closing of gold window in 197114:33 The endgame of the dishonest money system15:48 Beneficiaries of the monetary methadone19:12 The great gold robbery of 193322:06 Gold bull run27:12 The first shots of World War III has been fired32:26 Prepare now to survive the coming depressionGe...Read More

With Equity markets topping, POTUS calling for lower rates, Fed policy driving negative real interest returns, and deficits ballooning from $1.2T towards $2T, more and more people are waking up to the realization that the USD buys less each year, and that gold offers a safe haven.Rick Rule, CEO of Sprott Asset Management, returns to Liberty & Finance / Reluctant Preppers to answer viewers' questio...Read More

"Today, Firefox began the rollout of encrypted DNS over HTTPS (DoH) by default for US-based users. The rollout will continue over the next few weeks to confirm no major issues are discovered as this new protocol is enabled for Firefox's US-based users."Continue...Read More