The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
Warren Buffett has been pretty vocal of late about the state of aggregate valuations in financial markets today. The idea that sentiment drives valuations makes stock prices seem a bit silly today. Indeed, if sentiment turns the wrong way, as we saw with the onset of this pandemic, a sharp decline could be on the horizon. Thus, the Warren Buffett mantra of being “fearful when others are gree...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
The US Dollar Index edged higher amid scepticism US president-elect Joe Biden would be able to find enough support for his US$1.9 billion spending proposal, Marex Spectron's Anna Stablum noted on Friday.The gold price fell to last trade at $1,818 an ounce on the spot market, having been around the $1,850/oz mark on Thursday.Mining majors fell on Friday.Copper major Freeport-McMoRan closed down 5.1...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Will the winter surge in COVID-19 and bond yields stop the bull market in commodities and cryptocurrencies? We tackle that question in this week's Insights. We also found a video of Gary Gensler giving us his take on whether Ripple is a security. Why does it matter what Mr. Gensler thinks? We cover that question as well.Will COVID-19 and bond yields kill the bitcoin rally? Click here to read the...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...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
Turkey's Ministry of Trade announced on Saturday January 9 the initiation of an anti-dumping investigation into imports of hot-rolled flat steel from the European Union and South Korea.The products under investigation are under HS codes 7208.10.00, 7208.25.00, 7208.26.00, 7208.27.00, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.00, 7208.40.00, 7208.52.10, 7208.52.99, 7208.53.10, 7208.53.90, 7208.54...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...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
In late November, silver was trading at $22. By January 6th, it reached $27.80, gaining an impressive 26% over just six weeks. Is this silver rally over?by Peter Krauth via Streetwise ReportsSilver just dropped about 10% in three trading days, and some are freaking out.I say just relax...and buy the dip.In late November, silver was trading at $22. By January 6th, it reached $27.80, gaining an impr...Read More
RAPAPORT... Lucara Diamond Corp. has unearthed a 341-carat white diamond at its Karowe mine in Botswana, the first over 100 carats the deposit has produced this year.The miner recovered the "high-quality," unbroken stone from the site's south lobe M/PK(S) area, known for its large, high-quality rough, it said last week.The newest find is the 54th 200-carat-plus diamond Karowe has yielded since 201...Read More
RAPAPORT... Rights and Accountability in Development (RAID), a UK-based nonprofit, has written to Petra Diamonds' major debt holders to raise concerns about alleged human-rights abuses at its Williamson mine in Tanzania.RAID claims to have documented at least seven deaths and 41 assaults by security workers at Williamson since Petra acquired the mine in 2009. It detailed the allegations in No...Read More
RAPAPORT... US retail sales increased 8.3% during the recent holiday season, as consumers looked to connect with family and friends during the pandemic, the National Retail Federation (NRF) said.Consumers spent $789.4 billion over the November-to-December period, according to the NRF, which bases its numbers on figures from the US Census Bureau. That total exceeded the NRF's prediction of a 3.6% t...Read More