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
Turkish steel producers continued to remain out of the deep-sea ferrous scrap markets while suppliers kept their offers firm, sources told Fastmarkets on Tuesday March 19.Market participants said that suppliers in the United States kept their offers at $330 per tonne cfr for HMS 1&2 (80:20), but the steel producers in Turkey were only willing to pay $315 per tonne for the same material."US supplie...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday December 4 that are worth another look.French special steelmaker Ascoval, part of the British Steel group, is to supply 140,000 tonnes per year of semi-finished products, rectangular blooms, to rail manufacturing specialist BSFR (British Steel France Rail) to be processed into rails for the SNCF R?(C)seau national train networ...Read More
Meanwhile,Read full newsRead More
Most ferro-chrome smelters had covered their ore needs for this week and logistics disruptions are minimal between ports and many major smelters. But logistics disruptions are hitting mills as they seek alloy. Predictions of higher prices have not been realised so far. Supply and stocks Chrome ore inventories at the main ports of Tianjin, Qinzhou, Lianyungang and Shanghai: 3.12-3.42 million t...Read More
The Comex copper price staged a modest rebound in US morning trading on Tuesday April 16 with the market waiting for a new catalyst to sustain solid price direction. The copper price for May settlement on the Comex division of the New York Mercantile Exchange rebounded 0.35 cents to $2.9385 per lb. The contract has been unable to set solid price momentum over the past few weeks with prices rising...Read More
"In traditional layman's terms, the Fed is bankrupt - and I don't just mean intellectually."Here you have the studied conclusion of Mr. Thomas L. Hogan. This fellow holds a senior fellowship at the American Institute for Economic Research.More from whom:Like a private bank, the Fed maintains some level of capital as a buffer against losses. When those losses exceed the value of its capital, the Fe...Read More
Otso Gold Corp. (TSXV:OTSO) is pleased to announce initial drill results from the infill drill program.Read full newsRead More
Cruise, GM's self-driving startup, has unveiled the Cruise Origin, a new autonomous electric vehicle that will power an all-electric, completely autonomous ride-sharing service. The vehicle is a result of a partnership between GM's startup and Honda. For a few years now, GM has connected self-driving and electrification together. At first, it started with Cruise using ...Read full newsRead More
Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) has signed a second deal to increase its supply of iron ore to international trading company Glencore.CSN's mining division has agreed to supply an additional 10 million tonnes of the steelmaking raw material to Glencore over the next five years. It will receive a pre-payment of up...Read More
What does tight oil have in common with Facebook, Apple, Amazon, Netflix and Alphabet's Google stocks (known as FAANG stocks)? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It's the hot investment play in the oil and gas index, it outperforms like mad, and it's been driving to distraction those that don't own any. Production has leapt from zero six years...Read More
India will need to produce or import of 60 million tonnes per year of bauxite by 2030 to meet its aluminium needs, an executive at the International Bauxite, Alumina and Alumininium Society (IBAAS) said during Fastmarkets' 25th Bauxite & Alumina conference in Miami on Wednesday March 27. Domestic Indian production will be dependent on the availability of other raw materials such as caustic soda an...Read More
London stocks were just a touch lower by midday on Monday, with little in the way of corporate or macro news to move markets.Read More
Economic news and data points have been anything but clear in the last few months, with the U.S. Fed chair signaling that we should expect rising rates back in 2018 to a more cautious and hawkish tone these days. This has sent the markets on a volatile ride between fear and exuberance.Throughout this, gold stocks have held up nicely. And I still think they are a good place to be in this environmen...Read More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More
RAPAPORT... The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for a total of between $727.9 billion and$730.7 billion, the organization noted. The average increase over the past fiveyears was 3.7%, it added. "There is...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 7. China The imported charge chrome price nudged down amid low liquidity, with both sides of the market on the sidelines in advance of the next tender price announcements by China's major mills. The UG2 chrome ore...Read More
By Avi GilburtI have been getting such a chuckle from the market of late.As the market made its way down to our 2600 target region towards the end of October, more and more market participants and analysts became more and more bearish. In fact, the bearishness was palpable as we approached 2600SPX.However, our analysis suggested that the market should bottom in the 2600SPX region, and begin a co...Read More
Export prices for pig iron from the south of Brazil have increased on new deals reported during the week ended Friday July 26.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was up by $5 per tonne to $320-325 per tonne fob on Friday.One sale of 40,000 tonnes of high-phosphorus pig iron was heard to Turkey at $320 per tonne fob for September shipment.Another carg...Read More
Suspense "Photo Finish" Original broadcast date: May 23, 1950. The former medical examiner who had falsified information in a murder case years earlier returns to town. Lawyer Robert Quartermain, who was involved in the trial, kills the ex-examiner, careful to leave no clues behind. But, he hadn't planned on having his picture taken by a street photographer when he was leaving the scene of the cri...Read More
From the show 'Burning Bridges':After Kevin complaining on how Jim Norton handled payment for a live show, Jim calls in to address Kevin's comments._Subscribe to the 'Compound Media' for full episodes.http://www.compoundmedia.comSave 20% on a new subscription with Promo Code: 'Podcast 20' 'The Anthony Cumia Show' w Dave Landau [Mon-Thurs 4pmET/1pmPT]'Mornin'!!!' w/ Bill Schulz & Joanne Nosuchinsky...Read More