While copper and tin prices are showing some hesitancy on the London Metal Exchange, most of the other base metals are looking robust this morning, Friday June 25, and all the base metals in Shanghai are upbeat too.United States President Joe Biden agrees a $1 trillion infrastructure deal......which should be good for metals because it focuses on upgrading roads, bridges and broadband networksBase...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More

Starting today and at least once a month going forward on Fridays, I am going to give you a free options trade that I have extensively researched and believe will explode in value. I'm also going to show you a simple method of trading options that offers you unlimited upside potential with very limited downside risk. This strategy moves quickly, which allows you to potentially bank double- and e...Read More

Persistent tight supply continues to underpin lithium prices in Asia, as well as in Europe and the United States over the week ended Thursday June 24.Lithium carbonate and hydroxide prices in the seaborne Asian market nudged higher due to a combination of aggressive lack of availability. Lithium producers in China held offers firm, while consumers of lithium hydroxide are wary of securing units. L...Read More

Pilbara Minerals' board has approved a staged restart at the Ngungaju lithium project, set for the December quarter of 2021, the company announced on Friday June 25.Pilbara completed the acquisition of the Altura Lithium in January, thereby becoming the 100% owner of Altura's Pilgangoora lithium project, which was promptly renamed Ngungaju. The project has been on care and maintenance since late O...Read More

As the operating company of a joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River, and the Government of the Democratic Republic of Congo (DRC), Kamoa Copper S.A. is developing the Kamoa-Kakula Copper Mine. We learned from Olivier Binyingo, a member of the Kamoa Copper Board, that the Kamoa-Kakula Copper Mine is the most significant mining project, coming on stream, in the DRC....Read More

The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More

Steel mills in India reduced the price of hot rolled coil exports to Southeast Asia by as much as $50 per tonne in the week to Friday June 25, with official offers down to $940-950 per tonne fob Indian ports.According to market participants, however, buyers in Southeast Asia are considering HRC prices closer to $880-890 per tonne fob Indian ports for mid-July- August shipment.Fastmarkets' price as...Read More

Domestic prices for hot-rolled coil in Europe remained fairly stable on Friday June 25, supported by persistent short supply, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,191.14 ($1,421.24) per tonne on June 25, up by just ?,?0.27 from ?,?1,190.87 per tonne on June 24.The index was also up by ?,?39.14 per tonne w...Read More

The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More

Poland wire rod producers raised prices for July material, as expected, with shortages and good demand remaining the key drivers for the uptrend, Fastmarkets heard on Friday June 25.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 4,000-4,100 zloty ($1,054-1,081) per tonne on Friday, up 200 zloty from 3,800-3,900 zloty per tonne delivered la...Read More

The uptrend in Poland's steel rebar market continued in the week to Friday June 25, with prices gaining support from solid demand and short supply, sources have told Fastmarkets.Trading activity in the market remained strong, despite the surging prices, because buyers had more concerns about the availability of rebar, with producers planning to have maintenance stoppages in July-August."We heard t...Read More

The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More

The pig iron export market in Brazil remained muted in the week to Friday June 25 due to continuing long lead times, but demand is expected to pick up if Russia implements a pig iron export tax in the coming weeks, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620 per tonne on Friday, unchanged week on week.The market remained ina...Read More

The United States' pig iron import market fell in the latest bookings during the week to Friday June 25, although a rebound may come on the threat of reduced supply from Russia if a proposed export tax is implemented.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $645-655 per tonne on Friday, down from $650-665 per tonne a week earlier.One booking of Russia-origin...Read More

Indian domestic prices for secondary steel billet fell by 1,000 rupees ($13) per tonne in the week ended Friday June 25, in line with similar price dips for finished products such as rebar, Fastmarkets has heard.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets at 41,300-41,500 rupees ($557-559) per tonne on Friday, compared with last week's assessment at 42,300-42,5...Read More

You can submit your questions to [email protected] Visit our website https://www.sprottmoney.com?EUR>?Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His compa...Read More

Rarely before have asset prices been so high when the future outlook is so uncertain. Where are things most likely to head from here? To answer that question, at the recent Wealthion conference earlier this month, we brought together two of the Internet's most respected macro analysts - Stephanie Pomboy and Grant Williams - to hash it all out for us. Grant sees inflation as the bigger danger while...Read More

The British government at first denied there was a confrontation in the Black Sea with Russian naval vessels, then proclaimed they do not recognize that Crimea is Russian; and finally, a BBC reporter, on board the ship, admitted it was "a deliberate move to make a point to Russia." At the risk of a nuclear war? And what exactly is that point, that the Brits can force the U.S. into a war with Russi...Read More

1. Markets have recovered from last week's selloff. All of the major stock indexes have staged a rally this week. The catalyst for the move higher has really been due to the Federal reserve walking back their taper talk. As we know, they are buying $120 billion a month of Mortgage backed securities, U.S. Treasuries and corporate bonds. Volume has been extremely low, the summer doldrums have come e...Read More