Laws? Only for you. Bend over. The snicker factor of a bunch of hedge fund and other Wall Street folks screaming about GameStop (GME) and others is astoundingly funny.Continue...Read More

"In this case, thanks to primarily, I would say, governmental policy, there's wherewithal among investors, if you want to call them that, or speculators, with government money being Continue...Read More

Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More

It would appear the run on silver has begun. With the market closed, traders have rushed to Continue...Read More

The miners are oversold and setting up for a rebound, but my guess is theyContinue...Read More

Swedish steelmakers SSAB no longer plans to acquire the Ijmuiden plant in the Netherlands off of Tata Steel, SSAB said on Friday January 29.Tata Steel initiated discussions with SSAB on the sale of its IJmuiden plant in the Netherlands and related downstream assets in November 2020. After the announcement, market sources said it would have allowed SSAB to increase its presence in Northern Europe.A...Read More

China's Baowu Steel Group, the world's largest steelmaker, is in talks with Shandong Iron & Steel Group Co for a potential merger.While a small segment of the steel market already had some knowledge of this development, particularly after Baowu Steel sent some of its company officials to Shandong Steel to conduct surveys on the topic of a merger, the matter became public after local media reported...Read More

General Motors (GM) plans to transition its entire light-duty vehicle fleet to electric vehicles (EVs) by 2035, bringing an end to its production of gasoline- and diesel-powered vehicles. The automaker aims to go carbon neutral by 2040.A GM spokesperson told Fastmarkets that the company has set a goal to exclusively produce EVs in its light-duty fleet and discontinue producing internal combustion...Read More

Here are five Fastmarkets stories you might have missed on Friday January 29 that are worth another look.South America's import prices for flat-rolled steel were mostly down during the week ended January 29, with China-origin material offered at lower levels for April shipment.The arrival of around a quarter...Read More

Here are five Fastmarkets stories you might have missed on Friday January 29 that are worth another look.South America's import prices for flat-rolled steel were mostly down during the week ended January 29, with China-origin material offered at lower levels for April shipment.The arrival of around a quarter...Read More

A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper. The goal is to incentivize trade on the exchange's electronic trading platform, LMESelect, and is proposed to be achieved by cutting fees to trade electronically while raising fees for the telephone market by around 5...Read More

The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More

Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor. The closure of the floor, now entering its 144th year, has been proposed in a discussion paper issued by the exchange earlier on Tuesday January 19.The open outcry floor may be old, but it didn't appear to have serious underlying health issues. It has successfully fought back against talk it was set to...Read More

Blastoff!by Morris Hubbartt Super Force SignalsA Leading Market Timing ServiceWe Take Every Trade Ourselves!Email: [email protected][email protected]Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts.SGS Key Charts, Signals, & Video AnalysisSuper Force Signals (SFS) is being rebranded as Super Gold Signals (SGS),...Read More

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view, including an upgrade to our aluminium price forecasts.Aluminium: Price forecasts raisedWe correctly expected the macro reflationary theme to raise the prices for all base metals but, with it being the base metal with by far the weakest fundamentals, we had expected the price of aluminium to underperform relative...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view. buoyant flat steel market and rising raw material prices resulted in large price rises for welded pipe products across all regions in January 2021.Increases in the price assessments for helical submerged arc-welded (HSAW) pipes were of the magnitude of $140-190 per tonne, with the exception of Europe, where prices were...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.It was only a couple of months ago that contract buyers of coated steels - represented in large part by market participants from the automotive sector - were grudgingly resigned to paying as much as ?,?100 ($120) per tonne more for their contracted shipments in 2021 compared with in 2020. Increases in contract prices of...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US flat product prices maintained momentum through November, with increases accelerating in early December in response to supply shortfalls, rising scrap prices, and improving demand.While we correctly forecast further pricing gains in November, actual prices surpasse...Read More