Turkish deep-sea scrap import prices have gone down sharply, which was expected after the mills in the country failed to sell finished long steel products to the United States, sources told Fastmarkets on Monday June 10.Two steel mills in Turkey booked three US cargoes over the weekend.A steel mill in the Iskenderun region booked a US cargo on June 8, comprising 12,500 tonnes of HMS 1&2 (90:10) at...Read More
Turkish domestic scrap prices have inched upward over the past week because of the recent uptick in imported scrap prices, sources said on Monday June 10.Three steel mills in the Izmir region increased their buy prices for auto bundle scrap due to the rising cost of imported material.Long steel mill Habas increased its buy price for auto bundle scrap to TRY1,715 ($294) per tonne delivered,...Read More
Seaborne iron ore prices edged up on Monday June 10 amid positive buying activity and gains in the futures markets.MB 62% Fe Iron Ore Index: $101.51 per tonne cfr Qingdao, up $0.91 per tonne. MB 62% Fe Pilbara Blend Fines Index: $100.31 per tonne cfr Qingdao, up $0.91 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $105.20 per tonne cfr Qingdao, up $1.16 per tonne. MB 58% Fe Premium Index: $92.61...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreVale, Global Ore, 170,000 tonnes of...Read More
The seaborne coking coal spot market resumed trading on a relatively quiet note on Monday June 10 with lackluster demand keeping prices largely unchanged.A shipment of mid-vol premium hard coking coal was offered at $203.50 per tonne cfr China during the day while a cargo of premium low-vol materials was offered at $206 per tonne cfr China, according to various sources.Both are scheduled for loadi...Read More
The onset of the monsoon season in India has forced a major steelmaker to offload rebar to Singapore at prices below those offered by competitors from Turkey.The weekly Fastmarkets MB import price assessment for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $486-487 per tonne cfr for the week to Monday June 10, down $9-13 per tonne...Read More
The London Metal Exchange is partnering with Fastmarkets to promote the uptake of a transparent and representative global lithium price, the exchange said on Monday June 10.The partnership will pave the way for the LME to launch a lithium futures contract."In recent years there has been unprecedented price volatility in the lithium market, driven particularly by explosive electric vehicle (EV) bat...Read More
Fastmarkets - a leading source of pricing information for the global commodity markets - announces that it has been selected by the London Metal Exchange (LME) as its partner to develop the lithium price benchmark. This global strategic partnership will develop a definitive roadmap aimed at providing a pricing mechanism for lithium that can be utilized throughout the supply chain and will support...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 7.ChinaDomestic antimony price in China stabilizes after antimony branch of the China Nonferrous Metals Industry Association (CNIA) called on domestic producers to reduce output at a June 1 meeting. Most Chinese antimony suppliers either kept their offer prices unchanged or refrained from offering in response to t...Read More
**FOLLOW KEV ON INSTAGRAM** http://www.instagram.com/kevinedwardsjrHelp me reach 4,600,000 subscribers! Click here to subscribe! ?-? https://goo.gl/1ldLPxSubscribe to GamingWithJaden: https://goo.gl/kPNdf9Subscribe to GoKameronGo: https://www.youtube.com/channel/UCE4_...Subscribe to GamingWithLalo- https://www.youtube.com/user/2andFohSubscribe to TStingray- https://www.youtube.com/channel/UC_MV......Read More
Bob Moriarty ArchivesJun 11, 2019When we first started 321gold back in 2001 I went to a lot of shows and met most of the players in the resource business. Many of the other writers felt there was something special about silver and it was going to go up far more than gold. My response was that it was a commodity and like every other commodity it would go up and it would go down. Actually when the s...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 11, 2019 A lot of Americans getting a myriad of government entitlements thought that President Trump would recreate the 1950s for them. If Trump had eliminated the PIT (personal income tax), capital gains tax, and corporate income tax, I’ve estimated that around $100 trillion i...Read More
Two Germany-based institutions are putting in $10 million at 9.3c per share, and are underwriting the $5 million non-renounceable rights issue set to be undertaken.Read More
I had the pleasure of talking with Rick Rule about the Sprott Natural Resource Symposium that will take place in Vancouver on July 30 - August 2nd, 2019. There will be top-notch speakers, and the living legend panel, made up of people who have built multi-billion-dollar natural resource based businesses from scratch. Each of almost 80 public company exhibitors at the conference is an issuer that i...Read More
Back in the day, Pace Picante Sauce ran a popular TV commercial. Maybe you remember it? A bunch of cowboys are out on the range, eating supper by a chuck wagon after a long day of wrangling doggies.The cook brings out some cheap picante sauce, which they all complain about. Reading the label, one cowboy proclaims in disgust: "Made in New York City!" To which the rest reply, "New York City!"This is...Read More
Americans' trust in institutions, from the federal government to banks to the news media, has been deteriorating for decades. Sixty years ago, three quarters of Americans expressed faith in the government to do the right thing "most of the time" or "just about always." Today, only one in five people, a near-record low, believes our leaders make decisions in the country's best interest.The news m...Read More
Dear Friend of GATA and Gold:Responding to your secretary/treasurer's observation Sunday that central bank and government interventions against gold have been becoming more obvious --http://www.gata.org/node/19134-- our friend C.W. writes that the more obvious interventions against gold become, the more effective they are."As more investors see that the gold market is relentlessly and successful...Read More
By: Clint SiegnerA "perfect storm" is brewing for midwestern farmers. Unending rains have led to the flooding of tens of millions of acres of farmland. The deluge comes on the heels of years of low crop prices.It has the makings of an agriculture disaster on a scale never seen before.The nation may see a "perfect storm" in terms of food inflation. Prices for some farm commodities figure to be a...Read More
By: Ira EpsteinHow dovish will the FOMC be next week? Gold lost its trend, support in lower $1,300's:Read More
Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched 'fear indicator' has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatil...Read More