Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More
Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year's absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29. The company announced the restart of its nickel production on networking website LinkedIn on Friday. "After a shutdown of approximately one year due to health and safety considerations rel...Read More
Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday's LME performance. Market focused on further potential fallout from troubled hedge fund after a mass liquidation on FridayEver Given ship re-floated in Suez CanalUnited States President Joe Biden expe...Read More
First Cobalt has entered a five-year offtake agreement for Stratton Metals Resources to market cobalt sulfate from its refinery in Ontario, Canada, it said on Monday March 29. The "flexible long-term" deal will permit First Cobalt to also sign offtake agreements with automotive original equipment manufacturers (OEMs), which could reduce the volumes sold to Stratton, according to the press release....Read More
Share this articleLocal access to these strategic minerals is crucial if we are to ensure the long-term viability of our technology sectorThe Canadian mining sector has been a vital cog in the country's economy during the pandemic, with the importance of the industry growing steadily over time. Operations and exploration continued during the COVID-19 outbreak, collaborations with Indigenous commun...Read More
Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year's absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29. The company announced the restart of its nickel production on networking website LinkedIn on Friday. "After a shutdown of approximately one year due to health and safety considerations rel...Read More
Key data from Fastmarkets' pricing session in China on Friday March 26.Key drivers China's cobalt metal prices moved up amid rising local futures prices. Spot demand remained thin, with buyers cautious about accepting higher prices.Chinese cobalt tetroxide prices were rangebound at current levels amid a continued bid-offer stalemate....Read More
Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More
U.S. markets are back in the red across the board to kick off this week's trading. The forecast for stocks this week: more volatility, more surprise up-and-down swings, and, come Friday, the major indexes will squeeze out some modest gains.Now, there's nothing wrong with small gains during a choppy, sideways stock market. Any gain is better than no gain, and certainly better than taking a loss. P...Read More
Domestic prices for steel hot-rolled coil increased substantially across Europe over the week to Friday March 26 while transaction prices in Northern Europe have reached a new multi-year high.Following a rise in transaction prices, ArcelorMittal pushed its official offers for HRC to ?,?900 ($1,061) per tonne ex-works, an increase of ?,?50 per tonne over its previous offers in Northern Europe, and...Read More
Domestic hot-rolled sheet prices in Russia's Central Federal District around Moscow moved up in the week to Monday March 29, supported by improving buying activity and rising export prices, sources told Fastmarkets.Hot-rolled sheetBuying activity in the region has continued to pick up over the past week amid a seasonal improvement in end-user demand, restocking, sources said.Official domestic offe...Read More
CIS producers of steel rebar and wire rod have continued to give discounts to foreign customers amid increased competition, particularly with Turkish suppliers, which reduced prices in the week ended March 26 amid falling scrap costs and a depreciation of the Turkish lira.Wire rod offers from Russia were heard on Monday March 29 within the range of $670-685 per tonne fob Black Sea, depending on su...Read More
Domestic prices for steel rebar in Russia's Central Federal District around Moscow increased again over the past week, driven by improving demand, sources told Fastmarkets on Monday March 29.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 53,000-54,000 roubles ($699-712) per tonne, including 20% value-added tax, on March 29. This was up by 1,000-2...Read More
Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More
Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More
0:00?EUR< - Market volatility1:24?EUR< - Higher taxes4:40?EUR< - Stocks that have crashed8:32?EUR< - Higher taxes and higher interest rates9:35?EUR< - Gold10:41?EUR< - Oil11:35?EUR< - Geopolitical risks14:23?EUR< - Chart gameWhile markets have not reacted negatively to hints from Janet Yellen about hiking taxes, Gareth Soloway, chief market strategist of InTheMoneyStocks.com, said that investors a...Read More
Gun control was already a Biden Administration priority before the recent shootings in Georgia, Colorado, and Virginia. In fact, the House of Representatives passed two gun-control bills weeks before the shootings.One of the House-passed bills expands background checks to include private sales, including those made at gun shows. Under this bill, someone who is not a licensed federal firearms deale...Read More
Jim Bianco has decades of experience as a macro markets researcher. He's been leading his firm Bianco Research since 1990, which has family offices and traditional money managers as clients. He was at UBS and Lehman Brothers before that. He's as TradFi as it gets, but recently, he's been falling down the crypto rabbit hole -hard. He says that while bitcoin was interesting as an investment, to him...Read More
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-...Read More