China's metal markets are showing strong signs, with copper and iron ore prices at highs, steel output up, and base metal inventories low. JPMorgan predicts a bullish move if China's demand picks up.
Tariffs on metal imports create opportunities in ETFs focused on U.S. steelmakers. Top picks are VanEck Steel, SPDR S&P Metals & Mining, and Global X U.S. Infrastructure Development ETF.
Cleveland-Cliffs reported preliminary 2024 results with a decrease in steel shipments and revenues, and plans to offer $750 million in Senior Guaranteed Notes.
Nucor expects lower fourth quarter EPS due to decreased volumes and lower average selling prices in the steel mills segment. However, raw materials segment is anticipated to see an increase in earnings. Nucor has returned over $2.73B to stockholders through buybacks and dividends year-to-date.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Palantir renewed a multi-year agreement with Rio Tinto, extending access to its AI platform to enhance operational efficiency, while both companies expect continued innovation and improvements in performance.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Biden administration blocks Japanese company's acquisition of US Steel, citing national security concerns. Experts disagree, saying it would hurt economy and US-Japan relations.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Rio Tinto and Ngarluma Aboriginal Corporation will jointly develop an 80MW solar farm in Western Australia to reduce emissions and create economic opportunities.
