Portable micro Small Modular Reactors (SMRs) developed by NANO Nuclear Energy Inc. will be able to provide carbon-free energy to power remote mining operations — "one of the most prolific end users" of its technology, according to nuclear physicist James Walker, NANO's chief executive officer and head of nuclear reactor development
November 7, 2023
By Robert England
Fastmarkets Metals and Mining
NANO has targeted remote mining operations run by diesel fuel in locations where the logistics of providing a constant source of fuel “may be a challenge,” the CEO said.
The company’s microreactors could also expand mining opportunities to more new locations. “It can make thousands of potential mines economic and come online, whereas before, they weren’t economic enough to be commissioned,” Walker said.
Read more: NANO Nuclear Energy looks to mining as key market for microreactors
A combination of Cleveland-Cliffs and US Steel into a single automotive steel market behemoth, if approved, is widely expected to wield considerable pricing power. Even so, its ability to bolster prices will face competitive pressure from lower-priced imports and potential curtailment of demand from automakers that may choose to substitute steel for other materials in some of the parts that make up vehicles, according to market participants.
By Robert England
August 22, 2023
Fastmarkets Metals and Mining
"The consolidation of supply will give Cliffs leverage with its customers," an auto parts maker said. This may not mean higher prices in the current market but "it could mean steel prices won't fall", the source added.
The two integrated steel companies, if combined, would dominate automotive steel with a share that "would be well over 50% of the market," Phil Gibbs, Michael Leshock, and Samuel McKinney said in an analyst note last week from KeyBanc Capital Markets.
Read more: Cliffs-US Steel combo's pricing power could roil auto steel market: sources
Optimus Steel’s ongoing expansion and upgrades at its Beaumont, Texas facility since 2021 will – by the time of completion in late 2024 – double its rolling capacity from 800,000 tons per year to 1.6 million tpy
By Robert England and Rijuta Dey Bera
Fastmarkets Metals and Mining
June 15, 2023
It will also provide the plant with two separate rolling mills, one for wire rod and the other for rebar production, a company spokesperson confirmed to Fastmarkets.
The electric-arc-furnace (EAF) long steel producer has completed the first phase of melt shop upgrades that will boost its production of wire rod, coiled and straight rebar production, according to a June 5 press release from the company.
“This is a doubling of rolling capacity,” a company spokesperson said on Friday June 9. “The rebar outlet will commission in the late third quarter of this year. The new reheat [plus] roughing [plus] intermediate project will commission in late 2024.”
The acceptance of green steel so far has been limited by competitive market forces, but it is likely to remain a fundamental focus in the industry, according to market participants.
By Robert England
Fastmarkets Metals and Mining
November 22, 2022
There are some steelmakers who offer green steel versions of their entire product line at a premium price, and other producers have developed specific green steel products that also sell at a premium.
While making a zero-premium green steel is currently elusive, there is a race on among entrepreneurs, metallurgists and engineers to accomplish that goal through new steelmaking technologies.
It remains to be seen if any of those new technologies can both achieve decarbonization and be priced competitively enough to gain market share.
Nucor Corp will build a $2.7-billion steel sheet mill in Mason County, West Virginia, the company announced on Wednesday January 12. The mill will employ 800 when it is fully operational, and it will be able to produce 3 million tons of steel annually.
By Robert England
Fastmarkets AMM
January 14, 2022
Read more: Nucor chooses West Virginia for state-of-the-art steel mill
The semiconductor chip shortage that has restrained a rebound in the automotive sector is poised to extend into mid-2022 or later, contributing to a steel inventory overhang that could dampen prices, according to analysts and forecasters.
Fastmarkets AMM
September 28, 2021
Is the switching to scrap-based electric-arc furnace (EAF) steel production enough to get the industry to net-zero carbon dioxide emissions? The answer is probably not.
Fastmarkets AMM (American Metal Markets)
July 20, 2021
A shortage of truck drivers and flat-bed trucks is delaying steel shipments at critical points in the supply chain and further driving up shipping costs and lead times, Fastmarkets has learned.
Fastmarkets AMM
April 7, 2021
With his deals seeing double-digit declines, the venture capital star encourages fellow investors not to be afraid of making changes.
Chief Investment Officer
March 16, 2021
Read more: Chamath Palihapitiya Weighs Lessons from a 'Tough Week'
With the popularity of electric vehicles (EVs) continuing to grow, the steel industry is looking to secure the material's place as the preferred choice for battery enclosures, and thus benefit from the increased steel demand that would follow.
Fastmarkets
December 15, 2020
Read more: Steel industry seeks edge in electric vehicle battery cages
With the popularity of electric vehicles (EVs) continuing to grow, the steel industry is looking to secure the material's place as the preferred choice for battery enclosures, and thus benefit from the increased steel demand that would follow.
Fastmarkets
December 15, 2020
Read more: Steel industry seeks edge in electric vehicle battery cages
A big question hangs over the US steel market in the wake of Cleveland-Cliffs’ $1.4-billion acquisition of ArcelorMittal USA, according to industry analysts and market participants: What is it going to do with the new assets?
Fastmarkets AMM
October 14, 2020
The steel and automotive industries have been working together to keep future vehicles strong, resilient and safe even amid lightweighting efforts. Third-generation steel products provide engineers with an increasing array of choices that will help steel maintain its role as the dominant material used in the construction of light vehicles.
Special Report
Fastmarkets
June 2020
When automakers in the United States reopen their plants they will be facing a deramatically weakened economy and sharply lower demand from consumers, James Picariello, chief automotive analyst at KeyBanc Capital Markets told Fastmarkets in an interview.
Fastmarkets AMM
March 23, 2020
As interest in crypto has stirred anew, some long-term investors have chosen to invest in digital assets through an instrument that provides tax advantages — a self-directed Individual Retirement Account (IRA).
Cointelegraph
February 10, 2020
Read more: From Director of the US Mint to the Very First Bitcoin IRA Customer
The shift has left some pension plans vulnerable to future shortfalls in liquidity.
Chief Investment Officer
January 16, 2020
Read more: Perpetual Monetary Easing: Problem Creator for Pension Plans
The private equity titan's 1989 stumble taught him valuable lessons.
Chief Investment Officer
December 20, 2019
Read more: The Disaster That Made Blackstone's Schwarzman Who He Is Today
Market saturation, diminishing investor confidence drives slower pace—and lower fees.
Chief Investment Officer
December 10, 2019
As entrepreneurs look to take cryptocurrency mainstream, they’re copying a tried-and-trusted approach from traditional investing: indexing.
Magazine by Cointelegraph
November 5, 2019
Read more: Crypto Indexers Scramble to Win Over Hesitant Investors
The race is on to be the NASDAQ of blockchain
BREAKERMAG
April 23, 2019
The universe of exchanges seems to be constantly exploding like the aftermath of a digital Big Bang
BREAKERMAG
April 5, 2019
Read more: Inside the Murky and Very Profitable World of Crypto Exchanges
Let analyst Matt Hougan at Bitwise explain
BREAKERMAG
March 29, 2019
Let Crypto-Asset Expert Stephen McKeon explain
BREAKERMAG
February 25, 2019
The tokenization of a small share of the St Regis Aspen is a harbinger of things to come
BREAKERMAG
November 8, 2018
Alan Greenspan is one of those rarities in Washington. He's been Fed chairman for nearly seven years, and his reputation is still rising. But the job may be entering its toughest phase yet, as the economy heats up and inflation starts to rear its ugly head.
Mortgage Banking
April 1994, Vol. 54, Issue No. 7
A shift into small caps in the spring is reaping big summer rewards
With LedgerX becoming the first CFTC-approved options trader, investors finally have a regulated way to invest in cryptocurrency
Institutional Investor
August 7, 2017
Read more: Will Options Trading Bring Institutional Investors to Bitcoin?
Last year IBM acquired Promontory Financial Group. How does the partnership set the stage for new levels of AML performance? Alistair Rennieat of IBM and Promontory CEO-founder Gene Ludwig explain how.
BAI Banking Strategies
June 6, 2017
Read more: Cognitive Computing’s Smart New Approach to Regulation and Money Laundering
Over the next five years companies plan to shorten and simplify their supply chains to make them more flexible and agile
The Economist Intelligence Unit
May 18, 2017
Read more: Rebooting Supply Chains: Shorter, Smarter and More Sustainable?
While the battle against money laundering may seem perpetual, banks have advanced technology as a new weapon to fight it.
BAI Banking Strategies
Executive Report
April 2017
Read more: Banks are Bringing Artificial Intelligence to the Money Laundering Fight
Banks are developing marketing strategies to better reach millennial women with messages about their products and services
Banking Strategies
January 25, 2017
Read more: How Banks Understand - or Underestimate - Female Millennials
The cryptocurrency surged, then plummeted, following a long bull run. So, what’s driving the big moves?
Institutional Investor
January 10, 2017
The providers of retirement calculators vie to improve the forecasting accuracy of their models
As they overtake Baby Boomers as America's largest generation, Millennials may not automatically equal mobile tech--but in the banking world, it's getting pretty close
Banking Strategies
November 4, 2016
No matter who wins the presidential election, proposals to significantly reform the nation’s mortgage finance system to replace Fannie Mae and Freddie Mac will still struggle to find consensus in Congress and among industry stakeholders.
Mortgage Banking
October 2016
Franklin Codel is head of Wells Fargo Home Lending, Des Moines, Iowa. As the nation’s leading mortgage lender with 40,000 employees, Wells Fargo funds nearly one out of every eight mortgages and services one out of every six.
Mortgage Banking
September 2016
Read more: Q&A with Wells Fargo's Franklin Codel and Brad Blackwell
For more than a year investors have been taking money out of global convertible funds after loading up the prior 2 1/2 years. A few of those who pulled out money could be having regrets, given that this asset class rebounded to higher levels after the turmoil in the bond and equities markets earlier this year and again in the aftermath of Brexit.
On Wall Street
August 10, 2016
Read more: Despite Outflows, Global Convertibles Worth a Second Look
America’s millennials seem hard-pressed to reach the homeownership levels of prior generations
Mortgage Banking
July 2016
Bankers are facing increasing regulatory challenges to collaborating with online marketplace lenders.
Bank Administration
Institute Executive
Report May 2015
Read more: Bank Challenge: Collaborating with Online Lenders
Fast-growing marketplace lenders will likely come under increasing regulatory scrutiny and oversight in the years to come.
Bank Administration Institute
Executive Report
The non-Qualified Mortgage market remains a niche market. Lenders and investors are gradually increasing their appetite for these loans, but a fully functioning secondary market has yet to take off.
Mortgage Banking
May 2016
Five years of litigation against FHA lenders under the False Claims Act has netted $5 billion in settlements for the federal government. But at what price? Some of the largest FHA lenders have curtailed or exited the business.
Mortgage Banking
April 2016
Funds flee German and Japanese bonds in search of yield. The haven of choice: the U.S., where corporate yields provide some shelter.
Institutional Investor
March 10, 2016
Read more: Negative Yields Drive Investors to U.S. Corporates
The basic profile of the servicing industry is continuing to change as servicing costs continue to soar. The result has been industry consolidation, driven by the need for operational scale to absorb sharply higher compliance costs. Plus, there’s no sign of this letting up anytime soon.
Mortgage Banking
February 2016
Reformers are calling for Washington to bring back the wall of separation between commercial and investment banking to make the financial system safer. Critics say it will weaken U.S. banking competitiveness and deliver less credit for consumers and businesses.
Mortgage Banking
February 2016
Investing in these economies’ stock exchanges is a way to capitalize on volatility while mitigating the effects of individual sector slumps.
Insitutional Investor
January 11, 2015
Read more: Investors Eye Stock Exchange Advantage in Emerging Markets
The high-yield bond implosion at Third Avenue created panic. But as the fear subsided, some investors began searching for bargains.
Institutional Investor
December 29, 2015
Read more: Investors Flee Junk Bonds; Then a Brave Few Seek Reentry
The former Federal Reserve Board chairman talks about quantitative easing, the rise of non-bank lenders and why Bear Stearns could be saved during the crisis but not Thornburg Mortgage
Mortgage Banking
December 2015
Read more: Ben Bernanke Explains His Role in the Financial Crisis and Its Aftermath
If the Fed finally starts to normalize short-term interest rates, mortgage rates will start to move higher. Housing economists say the yield on 30-year mortgages could rise to 5 percent by the end of 2016.
Mortgage Banking
November 2015
The former Federal Reserve chairman thinks the U.S. government should have targeted individuals for their roles in the disaster.
Institutional Investor
November 2, 2015
Read more: Ben Bernanke Defends Fed Action to Fight Financial Crisis
Hidden gems and a focus on domestic economies have produced robust inflows and solid returns. Narrowing the risk gap.
Institutional Investor
October 2, 2015
Read more: International Small-Cap Funds Defy Global Equity Slide
- Inside the Inventory Gap
- Ocwen's Challenge
- Can Institutional Insights Benefit Individual Performance?
- Q&A with Ed DeMarco
- Greek Banks Are Open but Will Soon Need Fresh Capital
- The Big Shift
- Q&A with Ted Tozer
- How Grexit Might Affect the Euro Zone Equities Rally
- Can Dark Pool Luminex Unlock Enough Liquidity for Block Trades?
- Arrest of U.K. Trader Puts a Spotlight on Whistle-Blowers
- To Prevail, Feds Must Prove Nav Sarao's Trading Intentions
- CMBS Faces a Refinance Wave
- A Total RMBS Reboot
- CalPERS’s Journey Into Smart Beta Has Boosted Equity Returns
- Rob Arnott Reflects on a Decade of Fundamental Indexation
- Will Oil Price Collapse Hit Bakken Output? Don't Count on It
- Derivatives Exchanges Look to Add Liquidity to the Bitcoin Market
- Filling the Fed's Shoes
- Q&A with Jim Lockhart
- Depressed Valuations in Emerging Markets Offer Opportunities
- Time to Rethink Small Caps?
- Next Week's Virgin Money IPO Stands to Boost Bank's Stock
- U.K. Banks Rally on Announcement of New Leverage Ratio
- Repo Pullback Impacts Money Market Funds
- Congress, Nader and the Ambulance Chasers
- As Fed Takes 'Considerable Time,' Investors Head to Unconstrained Bond Funds
- Credit Unions Gaining Share
- The Elephant in the Room
- Mohamed El-Erian Forecasts Dollar Rally Against the Euro and Yen
- The U.S. Is Bitcoin Trading’s Next Frontier
- Timothy Geithner Recalls Testing Times
- It’s High Tide for Emerging-Markets Corporate Bonds at Stone Harbor
- Dick Bové’s Forecast for Citigroup: “C” Is for Caution
- Re-ARMing the Mortgage Market
- James Rickards Warns Weak Dollar Vulnerable to Collapse
- Taming the Wild West of Bitcoin
- EMV for Fraud Control in United States
- Shiller Says Markets Have Become More Prone to Bubbles
- In an Emerging-Markets Slide, Mexico Holds Steady
- MGIC Sees Bright Future
- Yellen's Challenge
- Basel III, Banks, Bond Trading and the Volcker Rule
- Pyrford’s Tight Ship Stays Afloat in EAFE Class’s Ebb Tide
- More Pension Plan Sponsors Adopt De-Risking Strategies
- More Pension Plan Sponsors Adopt De-Risking Strategies
- Advance Emerging Capital Is In Russia for the Long Haul
- Breaking the Banks
- Kyle Bass on Why Japan Is Still In Trouble
- What Lies Ahead for Bernanke's Fed
- Wells' Portfolio-Lending Push
- Against All Odds: The Long Bet on Fannie Mae and Freddie Mac
- Lessons from Fannie Mae and Freddie Mac
- Q&A with Senator Bob Corker
- e-Signature Expands Across Branch Transactions
- Opportunity Knocks in International Equities for U.S. Investors
- Fueling the Debate over Pension Plans
- An opportunity lost in Russian mining
- United Technologies CIO Robin Diamonte Has Lifetime Income Plans
- REITs Raise Red Flags for FSOC
- Data Show Investors Still Bullish on Emerging Market Equities
- Can Russia be a rail superpower?
- Small Business Acquisition Loans on the Rise?
- Still Bullish on Ireland, Wilbur Ross Eyes Southern Europe
- Currency wars cast a shadow on global trade
- Basel's Chilling Effect on Servicing
- A Glimmer of Interest Rate Hope for Corporate Plan Sponsors
- Beijing Moves to Enforce Care for Older Parents
- Retirement Industry Uses Grassroots To Lobby Above Its Weight
- A Rebound at United Guaranty
- Retirement Benefits Headed for Cliff?
- The Era of the Compliance Officer
- Q&A with Dick Bove
- Breaking into Russia's vast energy market
- Reinventing the Call Center
- Learning from Customers in Social Media
- Down, But Not Out
- Lykken on Lending September 17, 2012
- A Pivotal Election: The NEXT Administration
- Q&A with Richard Cordray
- COLAs Vanishing from Pension Plans
- Q&A with Senator Bob Corker
- Delinquency Watch at FHA
- Q&A with Rep. Scott Garrett
- Chief Marketing Officer as Voice of the Customer
- Countering the Retirement Crisis
- Inside the AG Settlement
- California's Identity Crisis
- Allies Against Cyber Fraud
- Q&A with Steve Linick
- Inspector General Faults PBGC's 'Systemic' Failures
- Q&A with Jim Lockhart 2011
- A Growing Housing Imbalance
- Q&A with Robert Shiller
- One More Blow
- Training Impact of New Regulations
- The Risks of Risk Retention
- Q&A with Senator Kay Hagan
- Q&A with Allan Meltzer
- Assault on the Mortgage Lenders
- Those Troublesome Option ARMs