Another day, another reversal – and a positive one forstocks. Universal sectoral weakness gave way to a unison rebound amidconstructive outside markets. After weeks of on and off fits over rising Treasuryyields, S&P 500 ran into headwinds on their retreat, and recaptured itsluster yesterday as long-dated Treasuries (TLT ETF) rolled over to thedownside. I guess nothing boosts confidence a...Read More

Many analysts expect silver to outperform gold this year. It’s possible, but investors shouldn’t count on improving economic conditions and industrial demand.Silver has recently become a hot investment theme. For months, if not years, some analysts claimed that silver is undervalued relative to gold. Then, at the beginning of 2021, Reddit revolutionaries tried to trigger a short squeez...Read More

While everyone was paying attention to the FOMC, Gold & Silver, and the Treasury Yields, it appears the recent commodity rally trend took a big hit on Thursday, March 18, 2021.  Our guess is that the FOMC statement did nothing to support the continued commodity price rally as the US Fed continued with near-zero interest rates and economic support through 2023.  The rally in commoditi...Read More

Here are five Fastmarkets stories you might have missed on Wednesday March 31 that are worth another look.Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 31.Please click...Read More

Indian steel mills were likely to offer hot-rolled coil for export to Europe in the week beginning April 5 at prices exceeding $1,000 per tonne cfr, Fastmarkets heard on Wednesday March 31."Indian mills are waiting until next week to offer HRC to European customers, targeting prices of more than $1,000 per tonne cfr European ports," one market participant said.An official from a major HRC exportin...Read More

Prices of all grades of ferro-chrome in Europe went up in the pricing session on Tuesday March 30 in response to limited supply, while demand has also risen in some sections of the market, Fastmarkets has heard.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, rose by $0.05 per lb Cr (3.70%) to $1.25-1.45 per lb Cr on Tuesday, fr...Read More

Here are five Fastmarkets stories you might have missed on Wednesday March 31 that are worth another look.Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having...Read More

Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having in the upper hand in current market conditions that have shown no signs of easing. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe...Read More

A sharp increase in inflation expectations for the US Dollar this year have led to heightened volatility across global assets and affected copper and iron ore prices, market sources told Fastmarkets.The rollout of several stimulus measures by the US government to help the economy recover following the fallout of the Covid-19 pandemic, including various monetary and fiscal policies, had caused infl...Read More

Surely we've bottomed. Right?(by Half Dollar) Does anybody else get the feeling that silver is about to take a beating?I mean, why wouldn't silver be, really?First of all, they're going stark raving mad at Everybody's Favorite Mint Down Under, and by that, I do not mean they're getting angry, but figuratively, or literally, or whatever, they're going stark raving mad, and there's a difference, so...Read More

The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply. "March has been characterized by diminishing risk appetite across stock, financial and commodity markets," LME Desk analyst at Marex Spectro...Read More

Iron ore prices continued their downtrend on Wednesday March 31, with trading sentiment still depressed amid low liquidity at ports, sources said.Market chatter about potential plans to cut steel industry emissions and downgrade more mills in Tangshan also drew market attention, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $165.15 per tonne, down $1.43 per tonn...Read More

More than 60,000 tonnes of aluminium was rewarranted at London Metal Exchange warehouses in Port Klang, Malaysia, on Wednesday March 31, but prices remained broadly unchanged from Tuesday's closing readings.The rewarranting of about 62,600 tonnes of aluminium follows on from 513,000 tonnes of metal being canceled over the past two weeks, after the delivery of more than 650,000 tonnes on March 11-1...Read More

March 30, 2021Toronto, Ontario (March 30, 2021) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares Voted ForShar...Read More

RAPAPORT... Security guards at a Petra Diamonds mine in Tanzania swapped rubber projectiles with metal in their weapons, resulting in increased injury and death to local residents, according to new allegations by a nonprofit organization.The information contradicts Petra's claims that guards at the Williamson deposit were authorized to use only rubber bullets, UK-based Rights and Accountabili...Read More

RAPAPORT... The Federation of the Swiss Watch Industry has become a member of the World Jewellery Confederation (CIBJO), the organizations announced this week. The move highlights the converging interests of the watch, jewelry and gemstone industries, and emphasizes the need to work together to protect consumer confidence, said CIBJO president Gaetano Cavalieri.The federation represents appro...Read More

The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply. "March has been characterized by diminishing risk appetite across stock, financial and commodity markets," LME Desk analyst at Marex Spectro...Read More

(IDEX Online) - Diamond Foundry says it will no longer describe its lab-gown diamonds simply as "real" on social media, without providing a fuller explanation for consumers. The US-based company, which boasts actor Leonardo di Caprio among its high-profile investors, has agreed to comply with new recommendations made by the National Advertising Division (NAD) watchdog.Brand messages for the c...Read More

(IDEX Online) - Alrosa is delaying its April trading session by a week to avoid excess stock accumulation.The Russian state-owned miner sold $372m of rough and polished in February, a modest seven per cent increase on last year.By contrast De Beers, its biggest rival, saw comparative sales rise more than 50 per cent.Earlier this month Alrosa announced a second extension to its existing three-year...Read More