A fine of ?,?500 will apply to people caught travelling to a port or airport to leave the State without a Continue...Read More
For every action, there is an equal and opposite reaction. In the case of international tradeContinue...Read More
Reddit-triggered buying led to a frenzy in silver, making for a significant event that lifted prices to eight-year highs. While the price has since come back down, many experts expect more craziness, predicting that the silver squeeze drama isn't going anywhere. "If you look at the palladium market, it will tell you how this silver drama will play out; palladium was managed and manipulated for yea...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More
Peter Krauth, editor of Silver Stock Investor, explains why he believes silver's movements this past week were just a small taste of its opening act.TEMPORARILY OUT OF STOCK.That's the message most hopeful physical silver buyers have been getting since the last days of January. Odds are bullion dealers going to have a tough time keeping any silver in stock.Everyone is buying, and no one is selling...Read More
Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More
A wild week of trading across asset markets hasleft investors wondering what represents real value – and whether it evenmatters anymore.Stratospheric GameStop shares came crashing back toearth after their gravity-defying run up. The stock had clearly been pumped to ridiculously overvalued levelsbased on all conventional metrics. But that didn’t deter buyers who believedthey could...Read More
Michael Lillja will join Outokumpu as senior sales director in March, Fastmarkets understands.The chrome market veteran will join the Helsinki-listed stainless steel manufacturer and ferro-chrome producer...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.US President Joe Biden's executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced...Read More
The frenzy of buying activity in silver, attributed to a group of retail investors using the Reddit forum r/WallStreetBets and other social media sites, is waning.The silver surge - which began on January 27 and saw the price of the industrial metal soar to an eight-year high of more than $30 per oz before slipping to just below $27 per oz by Tuesday January 2 - followed a phenomenal upswell in th...Read More
"From a technical analysis perspective, negative divergences had also become clear on the daily and weekly charts in Silver..."by David Brady via Sprott MoneySilver completed a blow-off top on February 1 at a higher high of 30.35. At the very least, this was a great learning experience for many people, especially those new to the precious metals space. It certainly put Silver front and center in t...Read More
Although the market swell of Reddit's leveraged traders has subsided, this week's action will have a lasting impact on the silver market. With the global...Samuel Briggs via KinesisAndrew Maguire explores the long term impact of the 'Silver Short Squeeze' phenomenon on the silver markets:Watch this week's Live from the Vault for:Impact on gold and silver markets: 05:31?EUR
The latest forecasts from Fastmarkets' team of analysts are ready to view.The conequences of the Covid-19 pandemic on energy demand affected oil and gas prices through much of 2020 and weighed on drilling rates and demand for oil-country tubular goods (OCTG) in most regions.These effects were most likely to continue well into 2021 and perhaps longer, according to Fastmarkets OCTG Intelligence Serv...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 are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.We spoke in our previous tracker of stainless steel prices ending 2020 on a high. That trend has continued during early 2021 and, in fact, the upward rally in prices has increased its momentum.Compared with the monthly price increase of some 5% seen at the end of 2020, prices for grade-304 stainless steel in al...Read More
RAPAPORT... Group revenue at Watches of Switzerland grew in the third fiscal quarter as increased online sales and domestic spending offset a drop in tourism.Sales rose 6% year on year to GBP 272.6 million ($374.4 million) in the three months ending January 24, the company said last week.Revenue in the UK increased 1.5%, with online sales up 121%. Sales in the US jumped 16%, as the company opened...Read More
RAPAPORT... Jewelry sales in the US rose in January, buoyed by positive holiday momentum and stimulus payments, according to Mastercard SpendingPulse.Sales in the category increased 3.3% year on year during the month, data released by Mastercard showed last week. Total spending in all categories climbed 9% versus the same period in 2020, while online sales soared 62%. All 50 states saw a jump in c...Read More