No activity was reported in the global pig iron market over the past week, because buyers in the United States and Europe - the key outlets - left the market for end-of-year holidays, as did exporters from Brazil; the holiday period for suppliers from the Commonwealth of independent States will start next week. Pig iron sentiment remained pessimistic due to weakness in final steel product markets...Read More
Chinese iron ore buyers continued to take caution on Friday December 28, the last trading day for most market participants in 2018.MB 62% Fe Iron Ore Index: $72.73 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Pilbara Blend Fines Index: $72.56 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $74.12 per tonne cfr Qingdao, up $0.56 per tonne. MB 58% Fe Premium...Read More
Fastmarkets has amended the specifications for its three pig-iron price assessments in the United States and Brazil to reflect the existing market conditions.Following a month-long market consultation, the US and Brazilian pig iron prices have been amended to include the chemical compositions into the specifications to specify the phosphorous content of the pig iron, while payment terms and timing...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at the February average of the...Read More
There was thin spot trading in many parts of Asia, with most market participants having already exited the market for the year-end holidays.There were limited bids and offers in the key import markets of Taiwan and Vietnam.There was some talk among market participants that the supply of Japanese ferrous scrap is facing some tightness because many domestic and regional mills want to secure the...Read More
Participants in the seaborne coking coal market are keeping a close eye on Chinese buying activity while they gauge the raw material's price direction in the New Year.A small cargo of premium mid-vol material changed hands at $203 per tonne cfr China, market sources said on Friday December 28.Earlier in the day, an offer for premium hard coking coal material was heard at $198 per tonne cfr China,...Read More
The following Fastmarkets minor metals prices changed on Friday December 28:Minor metalsBismuth MB China domestic, yuan/tonne: 47,500-49,500 yuan per tonne from 47,000-49,500 yuanCobalt MB China domestic, yuan/tonne: 340,000-360,000 yuan...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. See also:2018 REVIEW: Eight things that changed in the minor...Read More
Fears of a market correction and growing concern over the outlook for the global economy going into 2019 have caused stocks to fall sharply in recent weeks. The S&P TSX Composite Index, despite rallying, is still down by 13% since the start of 2018.Some industries, such as mining, have been marked down even more heavily because of growing alarm that a combination of lower growth, a firmer U.S....Read More
Max interviews Professor Steve Keen, author of "Debunking Economics", about the great unraveling of the Australian property market. Is it real this time? And what sort of government and central bank measures will be thrown at it to reflate the bubble?Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about fi...Read More
The entire problem of lowering interest rates to "stimulate" the economy demonstrates that central banks cannot really manage anything. This theory is based upon the idea that ifContinue...Read More
"Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!Continue...Read More
Continue...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 company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agr...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
Host of the popular radio show "Operation Freedom" Dr. Dave Janda warns about the massive debt problems the world is facing and the coming economic reset. Dr. Janda says Trump is correct when he says, "The real problem is the Fed and not China." Janda says the Deep State "rigged the economy to implode" with massive amounts of debt. Dr. Janda says, "Trump has been buying time" to put the American p...Read More
A BMO Capital Markets report discussed the ways this global firm might use the new funds. In a Dec. 21 research note, BMO Capital Markets analyst Edward Sterck reported that Rio Tinto Plc (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) closed on the sale of its 40% interest in Grasberg for $3.5 billion through a series of transactions with the Indonesian government and Freeport McMoRan, and that the sa...Read More
Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
Akihiko Kondo received his Ph.D. from Kyoto University in Chemical Engineering (1988). He was appointed as full professor of Kobe University in 2003 and also appointed as a Continue...Read More
F. Scott Fitzgerald once wrote that "there are no second acts in American lives."Except that was just a throwaway line in the notes for The Last Tycoon, a book he never finished that was slapped together and edited by his friend Edmund Wilson.Fitzgerald did write an essay called My Lost City years earlier though, in which he wrote, "I once thought that there were no second acts in American lives,...Read More
*This interview was recorded on 12/29/18Jaime tends to be more contrarian than the average investor. He assumes that markets are manipulated through excess money printing and suppression of some like gold and silver. Investors would likely be less interested in markets if the price of gold were much higher. Precious metals reveal the underlying market risks and the year ahead will probably bring a...Read More