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SPECIALTY STEEL RAW MATERIALS MARKET REPORT 17/02: Ferro-vanadium at new 2-year high on tight prompt supplies

February 18, 2021 / www.metalbulletin.com

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

IN CASE YOU MISSED IT: 5 key stories from February 17

February 18, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday February 17 that are worth another look.All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil...Read More

DAILY STEEL SCRAP: Turkish mills extend silence in deep-sea market to focus on steel sales

February 18, 2021 / www.metalbulletin.com

Turkish steel mills have preferred to focus on steel and billet sales so far this week, rather than resuming their deep-sea scrap purchases, market sources told Fastmarkets on Wednesday February 17.The mills have stayed away from the deep-sea scrap markets since the end of last week, when two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.The daily scrap in...Read More

TITANIUM SNAPSHOT: Scrap prices hit 8.5-year high on shortage

February 18, 2021 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday February 17. Key drivers Limited supplies of titanium scrap pushed the low tin (Sn 0.5%) content grade price to a high last seen in August 2012, while higher tin content grade (Sn 0.5-2%) reached a high last seen in January 2013.European suppliers are positioning themselves for firmer demand in early March for second-quarter delive...Read More

MORNING VIEW: Metals, broader markets mixed but upbeat, although face headwinds

February 18, 2021 / www.metalbulletin.com

Recovery hopes tied into the rollout of Covid-19 vaccines and some brighter economic data has driven up bond yields that in turn has lifted the dollar, and that seems to be creating some hesitancy in the metals this morning, Wednesday February 17. The US Dollar Index is firmer US 10-year treasury yields have stepped up a gear as recovery is still being priced inAs a barometer, spot gold prices are...Read More

High palladium price helps break fall in Nornickel's 2020 profit

February 18, 2021 / www.metalbulletin.com

Nornickel's annual profit fell by 39% in 2020, despite a 15% increase in its revenues compared with 2019, according to financial results issued by the Russian miner on Tuesday February 16.Nornickel posted a net profit of $3.634 billion for 2020, down from $5.966 billion in 2019.Strong commodity prices, especially that for palladium, helped Nornickel end the year with a better bottom line than at m...Read More

Chile's SQM board approves investment in Mt Holland lithium project

February 18, 2021 / www.metalbulletin.com

The board of Chilean lithium producer Sociedad Quimica y Minera (SQM) has approved the company's investment in the Mount Holland lithium project in Western Australia, it said on Wednesday February 17.The project is a 50/50 joint venture with Australian industrial group Wesfarmers. The project is expected to deliver an initial production capacity of 50,000 tonnes per year of battery-grade lithium h...Read More

IN CASE YOU MISSED IT: 5 key stories from February 17

February 18, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday February 17 that are worth another look.All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil...Read More

NEWSBREAK: Thyssenkrupp ends steel business sale talks with Liberty

February 18, 2021 / www.metalbulletin.com

Thyssenkrupp has terminated sale negotiations for its Steel Europe business to Liberty Steel due to different pricing expectations, Fastmarkets heard on Wednesday February 17."We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart. We have therefore decided to end the talks," Dr Klaus Keysberg, chief financial off...Read More

EUROPE HDG: Domestic prices move up on tight supply

February 18, 2021 / www.metalbulletin.com

Domestic prices for hot-dipped galvanized coil increased in Europe over the week to Wednesday February 17, supported by a material shortage, sources have told Fastmarkets.The bullish mood in the market might be undermined, however, by weaker demand from the automotive industry, market sources said.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Eur...Read More

IN CASE YOU MISSED IT: 5 key stories from February 17

February 18, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday February 17 that are worth another look.All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil...Read More

Maersk aims to launch world's first carbon-neutral vessel in 2023

February 18, 2021 / www.metalbulletin.com

All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil (VLSFO), the company said on Wednesday February 17."Our ambition to have a carbon-neutral fleet by 2050 was a 'moonshot' when we announced it in 2018. Today, we see it as a challenging, yet achievabl...Read More

EUROPE SECTIONS: Prices up as feedstock tightness continues

February 18, 2021 / www.metalbulletin.com

Prices for steel hollow sections in Europe have moved up this week but with feedstock tightness remaining an issue, market sources told Fastmarkets on Wednesday February 17.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?860-880 per tonne ($1,043-1,067) on Wednesday, up from ?,?850-870 per tonne week on week.The price of hot-rolled coil has on...Read More

DAILY STEEL SCRAP: Turkish mills extend silence in deep-sea market to focus on steel sales

February 18, 2021 / www.metalbulletin.com

Turkish steel mills have preferred to focus on steel and billet sales so far this week, rather than resuming their deep-sea scrap purchases, market sources told Fastmarkets on Wednesday February 17.The mills have stayed away from the deep-sea scrap markets since the end of last week, when two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.The daily scrap in...Read More

This sector will be the 'best bull market I experienced in 37 years' - Peter Grandich

February 17, 2021 / marketsanity.com

With the world embracing renewable energy, nuclear power will see substantially more use in energy grids around the world, and with it, bring up uranium prices and uranium stocks, said Peter Grandich, founder of Peter Grandich & Co.0:00?EUR< - All-in on gold2:21?EUR< - Mining stocks vs gold5:00?EUR< - Gold vs S&P 5008:31?EUR< - Gold vs economic performance10:11?EUR< - Uranium14:22?EUR< - Renewable...Read More

Ed Steer: Silver Price is About to Blow Sky High

February 17, 2021 / marketsanity.com

Tom welcomes Ed Steer to the show, Ed writes a weekly subscriber column on the gold and silver markets. He brings us a bombshell overview of what is happening in the metals market.Talking Points From this Episode- Comex metals market activity.- Large short positions and extreme risk.- The suppression scheme is ending.Time Stamp References:0:00?EUR< - Intro0:57?EUR< - Comex Price Spreads2:32?EUR< -...Read More

Gerald Celente: China Takes Over While America's Collapse Accelerates

February 16, 2021 / marketsanity.com

Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More

Peter Schiff: Surging Bond Yields and Oil Still Pressuring Gold

February 16, 2021 / marketsanity.com

Spike in interest rates hit gold and silver hard.First time home buyer credit tucked into stimulus bill will breed fraud and moral hazard.Tesla stock hurt by Bitcoin investment, potentially scaring off other CEOs from following Elon Musk into crypto.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as Pre...Read More

Zuckerberg takes anti-vaccine stance... Exposed by James O'Keefe...

February 16, 2021 / marketsanity.com

Zuckerberg would be banned from his own platform if he said this on Facebook.com.Continue...Read More

'Spy pixels in emails have become endemic'

February 16, 2021 / marketsanity.com

The use of "invisible" tracking tech in emails is now "endemic", according to a messaging service that analyzed its traffic at the BBC's request.Continue...Read More

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