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Iron ore prices’ relentless rise this year went into overdrive Monday, hitting a +10% limit up. Iron ore prices have been rising on the back of strong demand. Some finished steel prices have jumped by 10% this week alone. For further details see: Iron Ore Prices H...
China may want commodity prices to stabilise but its environmental and economic goals suggest demand will remain strong. This is the trilemma facing the market, and the more officials bang the drum on these conflicting aims, the greater the risk of imbalance. A trade spat with its...
Despite previously disavowing gold, legendary investor Sam Zell is now buying it. He views the current inflationary environment as reminiscent of the 1970s. We discuss our take on his comments and the precious metal. For further details see: Billionaire Investor Says Buy...
Surging steel prices are being fueled by strong demand for steel rather than tariffs, as manufacturers adjust to the strong economic recovery following last year's shutdowns, Cleveland-Cliffs (CLF) CEO Lourenco Goncalves said in a media call today."It's all supply and demand," the CEO said. "...
Metals and mining stocks are on watch after iron ore futures (SCO:COM) in Singapore and Dalian both rallied more than 8% overnight, extending their record highs well past $200/ton, as strong demand from top buyer China leaves supplies stretched."This sector is very, very hot, and just when Ch...
Some of the merchant banks would have us believe we are in the grip of another supercycle. The constrained global logistics market is pushing costs up and creating shortages across multiple supply chains. Goldman Sachs is predicting the biggest jump in oil demand in history, a ris...
Metals prices are flirting with record levels, agricultural markets are trading at multi-year highs, and oil has staged an impressive recovery. The post-Covid-19 recovery is clearly bullish for commodities. However, what is less clear is whether we can call this a super-cycle. We ...
Risks of rising prices are intensifying across the economy as a growing number of companies warn that supply shortages and logjams will compel them to raise prices. In fact, tight inventories have seen prices surge for raw materials, ranging from semiconductors and steel to lumber (LB1:COM) a...
Nickel prices and, as a result, stainless surcharges remain in the doldrums this month, recovering only slightly from last month's sharp sell-off. Output among stainless producers is rebounding strongly since H2 last year - particularly in China but increasingly elsewhere. Reuters...
U.S. Steel ([[X]] +3.9%) and Cleveland-Cliffs ([[CLF]] +7.8%) are up sharply after Credit Suisse double-upgrades shares to Outperform from Underperform, saying the current cycle in the steel sector (SLX) is "clearly super [and] has room to run.""The traditional relief valve of excess China st...
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2024-06-03 01:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-14 03:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-04 09:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...