We live in dangerous times and not because of the peaceful protesters in attendance at Trump's speech on January 6. They are not the bad guys.Continue...Read More

"We are going to live with this virus, we think, forever," he said during a panel discussion at the JPMorgan Healthcare Conference."SARS-CoV-2 is not going away."Continue...Read More

The question in the title is legitimate in light of the extraordinary and unusal letter signed by all members of the Continue...Read More

We break up our Top 10 Watch List into three categories: A) Developing Long-Term Macro Trends; B) Macro Factors to Watch; and C) Investment Ideas.Continue...Read More

Sentiment in the CIS export steel billet market has been negatively affected by recent developments in import scrap prices in Turkey, with buyers being inactive and expecting prices to fall, sources told Fastmarkets on Thursday January 14.Buyers had mostly prepared to adopt a wait-and-see approach, considering the recent reverse of sentiment in the Turkish import scrap market [LINK], and were expe...Read More

Turkish billet prices made a downward correction on Thursday January 14 in line with negative sentiment in the scrap market and limited demand for the material. Market participants said they expected a slight downward correction in scrap prices, which resulted a slight decrease in billet prices in Turkish domestic, export and import markets. Fastmarkets' weekly price assessment for steel bill...Read More

The long steel market in Egypt was slow during the week ending Thursday January 14 because of soft end-user demand, with prices unchanged, market sources have told Fastmarkets.The main reason for the weak demand was the construction ban in Egypt, they added.Egypt imposed a ban on construction in May 2020, but eased the rules in September.Contractors and real estate developers were allowed to resum...Read More

Troilus Gold's exploration work at its Troilus project in 2020 is reviewed in a Canaccord Genuity report. In a Jan. 4 research note, Canaccord Genuity analyst Tom Gallo reported Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) exploration progress in 2020 and the available results. Gallo presented the highlights of Troilus Gold's exploration work conducted last year. The Toronto-based company discover...Read More

Liberty Gold states the findings support the oxide gold model and another phase of metallurgical testing its Black Pine project. Three Liberty Gold Black Pine DiscoveriesLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that results of five large diameter, metallurgical core holes drilled at Black Pine in Idaho "yielded outstanding results in three zones, including two that we...Read More

China's iron ore imports increased by 9.5% in 2020 in comparison with 2019, Chinese customs data shows.The country imported 1.17 billion tonnes of the steelmaking raw material last year, compared with 1.07 billion tonnes in 2019, according to the statistics released on Thursday January 14.This is despite a 4.5% year-on-year drop in imports in December to 96.74...Read More

China's steel imports increased sharply in 2020 but exports declined from 2019 levels, according to Chinese customs data released on Thursday January 14.2020 imports: 20.23 million tonnes, up by 64.4% from 2019. ...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More

Cobalt metal prices have continued to rally so far this week, with the latest round of Chinese buying tightening supply and emboldening sellers to hold out for higher prices. "Metal continues to move upward day by day, and you can't get the same low offers you got the day before," a distributor source told Fastmarkets. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam moved...Read More

Hot-rolled coil prices in the United States have reached their highest level in at least 60 years, Fastmarkets has learned. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $58 per hundredweight ($1,160 per short ton) on Thursday January 14, up by 6.7% from $54.38 per cwt on Wednesday January 13 and an increase of 7.1% from $54.17 per cwt one week earlier on...Read More

Mills in Bangladesh purchased three bulk cargoes in the last week, with prices easing gently, sources told Fastmarkets on Thursday January 14.Low scrap inventory, together with continuing difficulties in obtaining containers and ballooning shipping rates, led several steelmakers in the South Asian country to inquire for tonnages in bulk.A Bangladeshi mill booked a 38,000-tonne composite cargo at a...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More

In an era of historically low interest rates, investors are desperately looking for value. If current activity is anything to go by, they believe it lies in commodities.That is because prices of key commodities are steadily gaining; copper has hit eight-year highs above $8,000 per tonne, nickel is at six-and-half year highs near $18,000 per tonne, and iron ore prices are at levels last seen in 201...Read More

The London Metal Exchange three-month nickel price rallied over 3% in the second half of the day on Thursday January 14 on building expectations for President-elect Joe Biden to announce a $1.5 trillion deal stimulus package for the United States. The nickel price rose to $18,281 per tonne at 5pm, the metal's highest closing price of the year so far and a rise of 3.4% from Wednesday's 5pm price of...Read More

The London Metal Exchange's latest off-warrant stock data showed an increase of 3.9% in material held outside the LME warehouse network in November 2020. The amount of metal held off-warrant increased by 72,640 tonnes in November, a similar rise to that seen in October, when it rose by 78,092 tonnes. Data collected by the LME showed there was a total of 1.96 million tonnes of metal held off-warran...Read More

Iron ore prices went up on Thursday January 14, sources told Fastmarkets, supported by a rebound in futures, with lump performing well at Chinese ports due to tight supplies. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.36 per tonne, up $2.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $172.78 per tonne, up $1.88 per tonne58% Fe fines high-grade premium, cfr Qingdao:&...Read More