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Will Inflation Make Gold Shine in 2021? / Commodities / Gold and Silver 2021

January 27, 2021 / www.marketoracle.co.uk

Inflation will be one of the greatest upside risks for gold this year. Will it materialize and make gold shine?The report about gold in 2021 would be incomplete without the outlook for inflation . We have already written about it recently, but this topic is worth further examination. After all, higher inflation is believed to be one of the biggest tail risks in the coming months or years, and one...Read More

EU member states ask EC to extend safeguard measures on steel imports

January 28, 2021 / www.metalbulletin.com

A dozen EU member states have called on the European Commission to extend the safeguard measures on steel imports that are due to expire on June 30 this year, according to a letter seen by Fastmarkets on Tuesday January 26.The letter, dated January 14,  was signed by the governments of 12 countries: Italy, Germany, France, Slovakia, Luxembourg, Finland, Hungary, Poland, Spain, the Czech...Read More

Liberty submits firm bid on Thyssenkrupp's steel business

January 28, 2021 / www.metalbulletin.com

Liberty Steel Group has completed "due diligence" on Thyssenkrupp Steel Europe and submitted a "firmed up" bid for its acquisition based on the results, the UK-based steel company told Fastmarkets on Monday January 25."On Monday January 25, 2021, Liberty Steel submitted a firmed-up bid for Thyssenkrupp Steel Europe based on the results of the comprehensive due diligence process including multiple...Read More

IN CASE YOU MISSED IT: 5 key stories from January 27

January 28, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday January 27 that are worth another look.Global crude steel output fell by 0.9% year on year to 1.86 billion tonnes in 2020, with an increase in China unable to offset declines across most other major steelmaking nations, the World Steel Association...Read More

BASE METALS WARRANT REPORT 27/01

January 28, 2021 / www.metalbulletin.com

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 27.Please click...Read More

GLOBAL NICKEL WRAP: Shanghai, US briquette premiums make gains; European appetite improves

January 28, 2021 / www.metalbulletin.com

Nickel briquette premiums in Shanghai and the United States rose in the week to Tuesday January 26, with domestic demand in both regions markedly improving. European premiums remained static, but buying interest was also notably better. Improved arbitrage, demand support Shanghai briquette premiumReduced supply, higher offers bolster US briquettesEuropean sellers look to improving spot market amid...Read More

EUROPE HRC: Buyers avoid new deals on expected price decrease

January 28, 2021 / www.metalbulletin.com

European buyers of hot-rolled coil have been holding back from making new deals due to the risks related to restocking ahead of an expected price decrease, sources told Fastmarkets on Wednesday January 27.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?708.75 ($860.82) per tonne on Wednesday, down by ?,?2.25 per tonne from ?,?711.00 per tonne on J...Read More

IN CASE YOU MISSED IT: 5 key stories from January 27

January 28, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday January 27 that are worth another look.Global crude steel output fell by 0.9% year on year to 1.86 billion tonnes in 2020, with an increase in China unable to offset declines across most other major steelmaking nations, the World Steel Association...Read More

HOTTER ON METALS: Fee differentiator plan aims to drive liquidity

January 28, 2021 / www.metalbulletin.com

A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper. The goal is to incentivize trade on the exchange's electronic trading platform, LMESelect, and is proposed to be achieved by cutting fees to trade electronically while raising fees for the telephone market by around 5...Read More

HOTTER ON METALS: Covid-19 to kill the LME ring

January 28, 2021 / www.metalbulletin.com

Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor. The closure of the floor, now entering its 144th year, has been proposed in a discussion paper issued by the exchange earlier on Tuesday January 19.The open outcry floor may be old, but it didn't appear to have serious underlying health issues. It has successfully fought back against talk it was set to...Read More

$350 Silver In EARLY FEBRUARY??? The Retail Day Traders Making GameStop SKYROCKET Have Just Discovered SILVER Is The Most Manipulated Market In The World, SET SIGHTS ON $1000

January 27, 2021 / www.silverdoctors.com

Somebody just SHUT DOWN Wall Street Bets on Reddit, and the First Majestic Silver shorts, can you say, "RIP YOUR FACE OFF"!!!!!*****Begin Update 3 (Weds, Jan 27, 7:10ish p.m. EST):My, oh my, oh my!The freakin' Reddit Mods SHUT DOWN Wall Street Bets!Wow:Silver Bugs, Stackers, and other Smart Investors, Family, friends, haters and trolls, understand this saying very, very clearly: "If you don't hold...Read More

Silver's Mega Cup and Handle Move Since the 1980s Begging to be Fulfilled

January 27, 2021 / www.silverdoctors.com

Where do silver and the economy look to be heading, from a technical view?Patrick Karim interviewed by by Patrick V. via SBTVPatrick Karim: Silver's Mega Cup and Handle Move Since the 1980s Begging to be FulfilledWe are joined on Metal Money by Patrick Karim, veteran chart trader and founder of Badcharts.com. The chart pattern that excites Patrick most has been the multi-decade cup and handle move...Read More

LIVE FUTURES REPORT 27/01: LME zinc, copper prices fall over 2% ahead of Fed decisions

January 28, 2021 / www.metalbulletin.com

Zinc and copper's forward prices shrunk over 2% on the afternoon of Wednesday January 27 on the London Metal Exchange, with anxiety over the Covid-19 situation around the world expanding and the dollar rising ahead of Federal Reserve chairman Jerome Powell's remarks this evening. Zinc's three-month price fell for a fourth day in a row on Wednesday to $2,583.50 per tonne. The galvanizing metal's pr...Read More

IRON ORE DAILY: Seaborne iron ore prices broadly up on firmer prices in steel segment

January 28, 2021 / www.metalbulletin.com

Sentiment in the seaborne iron ore market improved on Wednesday January 27 because of an uptick in prices for steel products, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.59 per tonne, up $1.52 per tonne 62% Fe low-alumina fines, cfr Qingdao: $166.65 per tonne, up $0.46 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $152.22 per tonne, down $0.92 p...Read More

COKING COAL DAILY: Premium fob price jumps; likely weather related

January 28, 2021 / www.metalbulletin.com

The seaborne premium coking coal fob price jumped on Wednesday January 27 following two transactions done at over $150 per tonne fob Australia due to weather concerns, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.10 per tonne, up $4.89 per tonnePremium hard coking coal, cfr Jingtang: $217.24 per tonne, up $0.08 per tonneHard coking coal, fob DBCT: $124.74 per ton...Read More

RESEARCH: Sharp moves up in coated steel spot markets

January 28, 2021 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts is ready to view.It was only a couple of months ago that contract buyers of coated steels - represented in large part by market participants from the automotive sector - were grudgingly resigned to paying as much as ?,?100 ($120) per tonne more for their contracted shipments in 2021 compared with in 2020. Increases in contract prices of...Read More

Synthetics Producer Rebrands in Sustainability Push

January 27, 2021 / www.diamonds.net

RAPAPORT... WD Lab Grown Diamonds is overhauling its brand and expanding its production capabilities, aiming to meet rising demand for synthetics and respond to a sharpened focus on social purpose.The company will change its name to Latitude, and will work toward sustainability certification through SCS Global Services, a third-party certifier and standards developer, WD said Tuesday.This will ena...Read More

LVMH's Jewelry and Watch Revenue Slides in 2020

January 27, 2021 / www.diamonds.net

RAPAPORT... Sales of jewelry and watches at LVMH dropped 24% in 2020 due to the effects of the coronavirus pandemic.Revenue from the categories fell to EUR 3.36 billion ($4.07 billion), as the luxury retailer - which owns Bulgari and Chaumet - was forced to close stores and manufacturing sites for several months in most of the countries in which it operates. The ban on international travel also hu...Read More

Lucara Finds Second Large Diamond This Year

January 27, 2021 / www.diamonds.net

RAPAPORT... Lucara Diamond Corp. has unearthed a white diamond weighing 378 carats at its Karowe mine in Botswana, the second over 300 carats the deposit has produced since the start of the year.The miner recovered the "magnificent," gem-quality, unbroken, type IIa stone from the site's south lobe M/PK(S) area, known for its large, high-quality rough, it said Tuesday.Earlier this month, Lucara ret...Read More

Israel Optimistic After Heavy Trading Slump

January 27, 2021 / www.diamonds.net

RAPAPORT... Leaders of Israel's diamond sector expressed confidence in a recovery after strong trading in the final months of last year offered hope that the worst of the coronavirus crisis was over. Israel's final 2020 result - a 31% slump in polished exports - was better than many had feared during the height of the downturn, executives noted last week. Sales in December skyrocketed as dema...Read More

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