Adrian Day provides a brief recommendation for Pan American Silver, noting the well-known company has a "solid balance sheet and diversified long-life mines," and the time to buy is now. Recommendation: Buy Pan American Silver Corp. (PAAS:TSX; PAAS:NASDAQ, US$28.63-28.64) with a limit of $28.70. This $6 billion market-cap company is the fourth-largest silver producer in the world, with meaningful...Read More

Independent financial analyst and geologist Matt Badiali delves into Heliostar Metals' exploration at its "lost mine" in Alaska. Heliostar UngaOn June 16, 2021, Heliostar Metals Ltd. (HSTR:TSX.V; RGCTF:OTC) announced that it hit 88.3 grams per tonne (g/t) gold over 3 meters and 19.3 g/t gold over 4.5 meters at the old Apollo Mine on its Unga Project in Alaska. That's an exceptional discovery for...Read More

Brazilian domestic flat steel prices have reached a ceiling this month, with no additional room for price increases, according to Carlos Loureiro, president of national flat steel distributors' association, Inda.The price level reached a maximum after increases of around 10% were applied in early June, and distributors are already having problems passing on the adjustment to their clients.Fastmark...Read More

German carmaker BMW has set up a closed-loop material cycle for production tools made of tungsten, it said.Starting in June, BMW will begin collecting secondary tungsten obtained from old drill and milling bits at its plants in Germany and Austria that will be recycled and used to manufacture new industrial machinery.These BMW plants generate almost nine tonnes per year of scrap from carbide tools...Read More

China imported 111,432 tonnes of steel scrap in May, surpassing the total of 109,978 tonnes of its imports of the steelmaking raw material in the first four months of 2021, according to the latest Chinese customs data.Last month's imports are also 56% higher than those imported in April.Of the total, 79,327 tonnes - or 71.2% - originated in Japan. South Korea remained China's second-largest scrap...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 22 that are worth another look.Domestic prices for hot-rolled coil in Europe remained in a wide range on June 22, with some buyers ready to accept high prices for material with shorter lead times,...Read More

Brazilian domestic flat steel prices have reached a ceiling this month, with no additional room for price increases, according to Carlos Loureiro, president of national flat steel distributors' association, Inda.The price level reached a maximum after increases of around 10% were applied in early June, and distributors are already having problems passing on the adjustment to their clients.Fastmark...Read More

Mexico's ferrous scrap prices increased further in the week to Friday June 18, with buyers continuing to compete for material, especially the higher grades.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 11,600 pesos ($578) per tonne on June 22, up by 400 pesos from 11,200 pesos a week earlier. This marked the fourth consecutive...Read More

Aluminium premiums diverged again on Tuesday June 22, with Rotterdam premiums increasing, while the Japanese premium fell and the US premium was unchanged.Rotterdam premiums boosted by demand, logisticsMJP ticks down, South Korea unchangedUS Midwest premium steady for three weeksStrong demand, high freight rates boost Rotterdam premiumsPremiums in Rotterdam continued to climb, due to strong demand...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 22 that are worth another look.Domestic prices for hot-rolled coil in Europe remained in a wide range on June 22, with some buyers ready to accept high prices for material with shorter lead times,...Read More

All three-month prices for base metals on the London Metal Exchange rose by about 1% for the second day in a row on Tuesday June 22, continuing their recovery from the weakness of the previous seven days.Nickel's three-month price rose by the greatest margin on Tuesday, by 1.6% to $17,750 per tonne, following Monday's 1.7% increase to $17,450 per tonne.The metal suffered a 7.2% decline last week t...Read More

Seaborne premium hard coking coal prices continued to rise in the cfr market due to tight supplies, while prices were largely stable in the fob market, with market participants adopting a wait-and-see attitude, sources told Fastmarkets on Tuesday June 22.Fastmarkets indicesPremium hard coking coal, fob DBCT: $177.87 per tonne, up $0.59 per tonnePremium hard coking coal, cfr Jingtang: $290.19 per t...Read More

Join Fastmarkets and the London Metal Exchange on Tuesday June 29 for a webinar about European aluminium premiums ahead of the launch of the LME's new cash-settled futures contract.The LME will launch its new European duty-paid aluminium premium cash-settled contract on July 19, which is settled against Fastmarkets' benchmark aluminium P1020A premium, in-whs dp Rotterdam.The LME previously la...Read More

A popular meme is that the banks smashed the price by selling futures contracts, though there was no...by Keith Weiner of Monetary-MetalsThe price of gold (and silver) was on a tear in April and May. Then some sideways action. And then this week, thud.On Twitter, a popular meme is that the banks smashed the price by selling futures contracts, though there was no selling of gold bars. Let's just sa...Read More

ALTERNATIVE TITLE: Yellen Disses Gold & Silver Investors, US Mint Should Be Ashamed! (by Half Dollar) The former Fed Chair turned highly paid Banking & Corrupt Insiders' Event Circuit Speaker turned current US Treasury Secretary Janet Yellen's words may induce vomiting, but don't take 'Ol Half Dollar's word for it.Just try to hold down your lunch for yourself when the career public "servant" says...Read More

The Silver Riggers are panicking! This ONLY happens when they are in TROUBLE!by Bix Weir of Road to RootaThe Silver Riggers are panicking! On Thursday they dumped 1,063,130 oz of Silver Derivatives on the COMEX to "Tamp Down" the price below tech moving averages. This ONLY happens when they are in TROUBLE! Buy now while you still can!! Read More

Offers of steel rebar and wire rod from the Commonwealth of Independent States were lowered somewhat over the week ended Monday June 22, with the intention of drawing in customers amid a lack of demand and growing competition with Turkish suppliers.Turkish mills were offering rebar for export at $730 and $760 per tonne fob on an actual weight basis at the end of last week, compared with $750-780 p...Read More

Domestic prices for hot-rolled coil in Europe remained in a wide range on Tuesday June 22, with some buyers ready to accept high prices for material with shorter lead times, sources told Fastmarkets.Northern European steelmakers have been reported to have good order books, and they have been holding back from making official offers. The region's mills were sold out of HRC until fourth-quarter roll...Read More

RAPAPORT... Indian banks have increased lending to the gem and jewelry industry, helping stem the impact of the Covid-19 pandemic, the country's major trade organization said this week.Credit released to the industry jumped to INR 627 billion ($8.44 billion) in March 2021 from INR 546 billion ($7.35 billion) in July 2020, according to the Gem & Jewellery Export Promotion Council (GJEPC).P...Read More

RAPAPORT... A spike in demand for graded diamonds is responsible for the ongoing backlog of goods at the Gemological Institute of America (GIA), the organization explained to Rapaport News. While government restrictions have curbed business activity in India since a dramatic rise in coronavirus infections there from late March, the GIA stressed it had been working at the maximum allowable capacity...Read More