To fully understand markets, understand gold. It is the key to financial wisdom. By learning of its role as a financial asset, one will discover universal truths about the value of money, and hence, the underlying value of all assets. It does not do much good, for example, to make a small fortune in the stock market, only to see it dwindle (or disappear overnight) in an inflationary storm or an im...Read More
Benjamin Baptista will retire and leave his role as chief executive officer of ArcelorMittal's Brazilian unit on September 30 after 12 years, with current Latin America long steel CEO, Jefferson De Paula, to replace his role, Baptista said on Tuesday August 3.Baptista joined ArcelorMittal in 1983, when it was still called Companhia Sider??rgica de Tubar??o (CST). It was later bought by Arcelor, to...Read More
Gold has been trading sideways recently, but this won’t last forever – the yellow metal is likely to move downward before continuing its rise.So, so you think you can tell heaven from hell, a bull market from a bear market? It’s not so easy, as gold seems to be at a crossroads. On the one hand, accelerating inflation should take gold higher, especially that the real interest rate...Read More
The gold miners’ stockswere whacked hard earlier this summer on a Fed-rate-hikes scare. That serious anomaly really damaged sentiment,spawning exceptionally-weak seasonal performance in this contrariansector. But the bruised gold stocks andthe metal they mine have trudged through, making it back to the start of theirtraditional strong season. That beginswith robust autumn r...Read More
China's mixed signals about its decarbonization goals have raised doubts over the country's purported plans to cut steel production in the second half of 2021, market sources said.The central Chinese government had asked steelmakers to reduce steel output in the second half for two reasons. The first is the short-term target of keeping the country's total steel output for this year from exceeding...Read More
Technical analyst Clive Maund explains why he is bullish on gold and precious metals. Despite the looming threat of massive inflation, or at least stagflation in the event that markets collapse, many appear to have given up on gold at the worst possible time, perhaps due to the mistaken belief that it will be perpetually suppressed by market manipulators. The key point to grasp with gold, which h...Read More
Steelmakers in China are preparing to join the country's national carbon trading market by measuring their emission levels to secure carbon quotas that match their output.The China Iron & Steel Association has instructed member mills to submit their production and carbon emission details to it by August 14 to study the quota for every mill. The steel sector is among the next slew of major industri...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4Please click...Read More
The United States copper premium continued to rise in the week to Wednesday August 4 and the Shanghai copper premium also rose due to a high import appetite despite arbitrage losses, sources told Fastmarkets.US copper premium range widens upwardFastmarkets adjusted its copper grade 1 cathode premium, ddp Midwest US to 8-9 cents per lb, the highest assessment in over a decade. This reflects a...Read More
Gold has been an underperformer in 2021 despite several bullish catalysts such as a dovish Fed, sky-high deficits, and rising inflation. Now, it seems that these trends are becoming less favorable which could mean weakness is in store for the shiny metal.2021 has been a disappointing year for gold bugs with a year-to-date (YTD) loss of 4.2%. In contrast, the S&P 500 is up nearly 17%. Other com...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More
Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."Not everyone will agree with his assessment of the petroleum, gas and coal sectors, which have powered the world's growth for decades. Nonetheless, the twin goals of supply chain security and sustainability are now driving a t...Read More
Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More
Benjamin Baptista will retire and leave his role as chief executive officer of ArcelorMittal's Brazilian unit on September 30 after 12 years, with current Latin America long steel CEO, Jefferson De Paula, to replace his role, Baptista said on Tuesday August 3.Baptista joined ArcelorMittal in 1983, when it was still called Companhia Sider??rgica de Tubar??o (CST). It was later bought by Arcelor, to...Read More
The spodumene price skyrocketed in July with tight availability posting challenges to lithium operations in China, while suppliers intended to negotiate the price more frequently in light of the price rally in the downstream chemical market.Fastmarkets' monthly assessment for spodumene 6% Li2O min, cif China rose to $880-950 per tonne on Wednesday June 30, up by $195 per tonne from $690-750 per to...Read More
China's mixed signals about its decarbonization goals have raised doubts over the country's purported plans to cut steel production in the second half of 2021, market sources said.The central Chinese government had asked steelmakers to reduce steel output in the second half for two reasons. The first is the short-term target of keeping the country's total steel output for this year from exceeding...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4Please click...Read More
London Metal Exchange prices were under pressure for the second day in a row at the close on Wednesday August 4, in a trading session which had the lowest volumes since mid-July for many metals.Nickel's three-month price was down to $19,243 per tonne - a fall of $145, or 0.7% - from Tuesday's closing price. Its volumes, at 6,450 lots traded by 5pm, were at their lowest since July 21. The news...Read More