Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More
The shackles of gold price suppression have been broken, and before the end of summer, silver will seize the mantle of dominance...by Michael Ballanger via Streetwise Reports"The desire for gold is the most universal and deeply rooted commercial instinct of the human race."-Gerald M. LoebOne of the finest books ever written on investing was "The Battle for Investment Survival," by Gerald M. Loeb,...Read More
https://media.blubrry.com/silverdoctors/p/content.blubrry.com/silverdoctors/AUDIO-ONLY-FinalEdits07-16-19CraigHemke.mp4Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSSilver's moving, but how high can price climb, and where will the banks try to apply more pressure? Craig answers that and a whole lot more...Craig Hemke of TF Metals Report interview...Read More
The action is solid, and the action is now...by Stewart Thomson of Graceland UpdatesGraceland Updates 4am-7amhttps://www.gracelandupdates.comhttps://gracelandjuniors.comhttps://gudividends.comhttps://guswinger.comhttps://gublockchain.comEmail:[email protected][email protected][email protected][email protected][email protected]July 16, 2019 It's the ultimate "no-brainer" that serious American...Read More
There is HUGE ACTIVITY in silver on the COMEX. Harvey Organ breaks it down...by Harvey Organ of Harvey Organ BlogGOLD: $1421.35 UP $11.35 (COMEX TO COMEX CLOSING) Silver:$15.93 UP 29 CENTS (COMEX TO COMEX CLOSING)// Closing access prices:Gold : $1426.50 silver: $15.97 YOUR DATA... COMEX DATA JPMorgan has been receiving gold with reckless abandon and sometimes supplying (st...Read More
The pros and cons of investors falling in love with (digital) silver...by Matt From Silver Fortune via Silver FortuneThe pros and cons of investors falling in love with (digital) silver.Read More
Silver (NYSEARCA: SLV) has been in a bit of a slumber when compared to the price action for Gold (NYSEARCA: GLD).Precious metals bulls hope that this about to change, as bullish action from Silver is necessary to confirm any bull market / move in metals.Today's chart takes a closer look at the Silver ETF (SLV) on a weekly basis. As you can see, Silver is up 5 percent this week alone.This is good n...Read More
Gold futures finished sharply higher Wednesday, sending prices to a fresh six-year high, as the U.S. dollar weakened and traders weighed expectations for a U.S. interest-rate cut. Prices climbed further in electronic trading Wednesday afternoon, following the release of the Federal Reserve's Beige Book-the central bank's periodic examination of the U.S. economy. The report said the economy is expa...Read More
Hong Kong Exchanges & Clearing (HKEX) will launch US dollar-denominated London Metal Mini Futures for six base metals starting August 5, the exchange said recently. The company, which has wholly owned the London Metal Exchange since 2012, said that the new Hong Kong-listed contracts will be available for aluminium, zinc, copper, nickel, tin and lead. The move is the latest attempt from HKEX and th...Read More
Steel billet prices in Turkey have gone down slightly over the past seven days due to weak demand and a downturn in finished steel prices, sources said on Thursday July 18.The mills in Turkey were showing no interest in billet imports because of the sluggish sales of finished steel this week.Suppliers in the Commonwealth of Independent States (CIS) lowered their offers to $435-440 per tonne cfr Tu...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday July 18 that are worth another look.Hong Kong Exchanges & Clearing will launch US dollar-denominated London Metal Mini Futures for six base metals starting Monday August 5, the exchange said recently. Nickel's three-month price on the London Metal Exchange continued its rally throughout afternoon trading on Thursday J...Read More
Gold ended lower on Tuesday as a rise in U.S. retail sales contributed to a stronger U.S. dollar, pressuring prices for the precious metal. The upbeat retail sales number, however, also lifted prices for silver, brightening the metal's industrial demand prospects. A stronger U.S. dollar against both the euro EURUSD, -0.1241% and British pound GBPUSD, +0.0080% "have dampened whatever bullish edge...Read More
A summary of South32's base metals production volumes published on Thursday July 18 for the financial full year of 2019 ended June 30. IN BRIEF Aluminium Production at South32's Hillside aluminium smelter increased by 3,000 tonnes to a record 715,000 tonnes during the 2019 financial year ended June 30, 2019. Sales at the smelter increased by 4% in the June 2019 quarter to 191,000...Read More
Production at South32's Hillside aluminium smelter in South Africa increased by 3,000 tonnes to a record 715,000 tonnes during its 2019 financial year ended June 30, 2019, the producer said on Thursday July 18. Sales at the smelter increased by 4% in the June 2019 quarter to 191,000 tonnes from 183,000 tonnes in the same quarter in 2018. "We achieved record annual production at Hillside... Th...Read More
A summary of Anglo American's production results for the second quarter of 2019 following the company's results report released on Thursday July 18. IN BRIEF: Anglo American produced 159,100 tonnes of copper concentrates in the second quarter of 2019, up by 1% from the 158,000 tonnes produced in the same period of 2018, mainly due to the strong performance of Los Bronces and Collahuasi mines...Read More
Aluminium producer Alcoa reported a net loss of $402 million in its 2019 second quarter results on Wednesday July 17. A majority of the net loss stems from its $319 million special item divestiture of Alcoa's 25.1% stake in the Ma'aden Rolling Co in Saudi Arabia. The company incurred an additional loss of $81 million in other special items as well. "We successfully divested our minority inter...Read More
A tentative bottom to ferrous scrap prices in the United States and a steadying in hot-rolled coil, combined with mill product hikes, led to a widening in the spread between the two products this month.Fastmarkets' steel scrap No1 busheling index, delivered Midwest mill, settled at $275.27 per gross ton on Wednesday July 10, the fourth consecutive monthly decline and off from $281.7...Read More
Steel reinforcing bar prices in the United States have fallen to pre-Section 232 levels, with import prices also declining due to fresh offers from Europe. Fastmarkets' price assessment for steel rebar, fob mill US, widened downward to $31.50-32.50 per hundredweight ($630-650 per short ton) on Wednesday July 17 from $32-32.50 per cwt two weeks earlier, with the price also down by 9.9% fr...Read More
The rebar and wire rod prices in Turkey's domestic markets have softened over the past week due to sluggish demand in the slow summer period, sources said on Thursday July 18.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was TRY3,070-3,100 ($538-544) per tonne on Thursday, including 18% VAT, down from last week's TRY3,100-3,130 per tonne.The prices w...Read More