By: Gary SavageGold testing $1,800 resistance, traders should take note of this area and possibility for more bullion banks attacking the metal as they remain heavily short. In the general markets, we are nearing the upside target..http://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinGold is strong, hard to break it. A lot of money printed and about to be printed and I think this got the gold market's attention:Read More

Minor metal market participants do not expect the Yunnan provincial government incentives for commercial stockpiling of non-ferrous metals to immediately boost indium or germanium prices due to the potentially limited share allocated to minor metals and the weak demand outlook. The Yunnan provincial government called for leading enterprises to stockpile non-ferrous metals including copper, al...Read More

The three-month nickel price on the London Metal Exchange lost ground at the close of trading on Thursday April 30, closing at its lowest level in more than a week against thin turnover, while selling pressure pushed copper futures below nearby support levels.Nickel's outright price on the LME closed at $12,192 per tonne on Thursday afternoon, falling from an intraday high of $12,355 per tonne. Tu...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 29. Please click...Read More

Prices in the seaborne iron ore market continued to gain ground on Thursday April 30, in line with higher futures curves for steel rebar, but trading activity in the seaborne and Chinese portside markets slowed down before China's Labor Day holiday on May 1.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.04 per tonne, up by $1.54 per tonne.62% Fe low-alumina fines, cfr Qingdao: $86.70 p...Read More

When I say "all-time high," I mean it. Ancient cuneiform tablets prove that silver has never been so cheap relative to... by Simon Black of Sovereign ManMore than 4,000 years ago, the city of Kanesh was quickly becoming an important commercial trading hub within the ancient Assyrian Empire.Kanesh was located in the dead center of modern day Turkey, so it was perfectly situated on the route between...Read More

Even after these mines come back online, the damage already done to the global economy will continue to...by Steve St Angelo of SRSrocco ReportAccording to a new report released by GlobalData, the global contagion impacted silver production the most while gold mine supply fared the best. The two largest silver producing countries, Mexico and Peru, have issued temporary shutdowns lasting nearly t...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More

The three-month nickel price on the London Metal Exchange lost ground at the close of trading on Thursday April 30, closing at its lowest level in more than a week against thin turnover, while selling pressure pushed copper futures below nearby support levels.Nickel's outright price on the LME closed at $12,192 per tonne on Thursday afternoon, falling from an intraday high of $12,355 per tonne. Tu...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Oversupply to persist in North America as demand slumpsPrices for welded oil country tubular goods (OCTG) and linepipe weakened further in April nearing historical lows, and there may be room for further pipe price retreat through the second quarter. Supply of ERW OCTG and line pipe is expected to continue to outpace demand f...Read More

Copper production will be reduced by 73,300 tonnes in Chile this year due to the Covid-19 pandemic, the country's minister of mining, Baldo Prokurica, said in a television interview on Thursday April 29."We are one of the less hit countries in comparison with other copper producers," Prokurica told Emol TV. "We have been hearing 25-30% production cuts [around the world], which hopefully will prese...Read More

Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses all declined in the week ended Thursday April 30, with those for copper decreasing the most in percentage terms. SHFE copper stocks totaled 230,956 tonnes on April 30, declining by 28,081 tonnes or 10.8% from 259,037 tonnes on April 24 amid continued supply disruptions and a recovery in demand. This week, the...Read More

Key pricing data from the pricing session for Fastmarkets' alumina index, fob Australia on Thursday April 30. Fastmarkets' daily alumina index, fob Australia moved up to $241.37 per tonne on Thursday from $233.93 per tonne the previous day. The index is now at its highest since April 1 when it was at $241.52 per tonne. Key drivers:  Three new deals concluded Thursday, with two destined f...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 29. Please click...Read More

KAZ Minerals has delayed the start of production at its $1.2 billion Aktogay copper expansion project in Kazakhstan to late 2021, citing the impacts to its supply chain of the Covid-19 pandemic. The company has also cut its capital expenditure for the project this year to $300-350 million from $400 million previously forecast. KAZ Minerals had spent $663 million on the project by the end of 2019,...Read More

Domestic steel beam prices in the United States slipped in April on weaker demand and price reductions by mills, while import prices edged slightly higher in the face of collapsing demand due to foreign mills resisting price cuts. Fastmarkets' monthly price assessment for steel beams 8 x 8-inch, fob mill US fell to $35.25 per hundredweight ($705 per short ton) on Thursday April 30, down by $1.25 (...Read More

RAPAPORT... The Rapaport TradeSheet provides Rapaport Discount Prices with percentage discounts in relation to the Rapaport Price List. The discount prices reflect our opinion of prices at which natural diamonds meeting Rapaport Specification A3 are available for sale. This is the same specification used for the Price List.The format of the TradeSheet includes prices from the current Rapaport Pric...Read More

A free-falling domestic flat-rolled steel market has sent more pressure to the foreign mills that are shipping their steel products to the docks in the United States, resulting in further declines on prices of most imported flat steel products.US hot-rolled coil prices crashed below $23 per hundredweight ($460 per short ton) this week despite an expected increase in ferrous scrap prices in May.&nb...Read More

Diamond trading limited as some centers start to ease lockdown restrictions. Dealers and manufacturers focusing on how to reduce inventory, with more than enough rough and polished in the pipeline to satisfy demand. Outlook uncertain as US economy shrinks 4.8% in 1Q. Miners cut 2020 production plans and India prepares voluntary 30-day pause in rough imports. Marketers to focus on bridal as pandemi...Read More