ArcelorMittal reduced its forecast for apparent steel consumption growth in Brazil in 2019 because of weak performance in the infrastructure sector as well as other industries in the supply chain.The steelmaker now expects apparent steel use to grow by 0.5-1%, compared with a previous range of 1.5-2.5%, the company said on Thursday November 7. The cut in the guidance range is due to dela...Read More

As it has done with cobalt, graphite and rare earths, China appears to be locking up the nickel market. Nickel’s top producer, Indonesia, in early September decided to accelerate a scheduled ban on ore export shipments, from 2022 to January 1, 2020. The ban which instead took immediate effect on Oct. 28, is to encourage the building of domestic smelters instead of exporting raw nic...Read More

If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More

Slab export prices from Brazil were unchanged on Friday November 8 amid high iron ore costs and improved sentiment in the United States.Fastmarkets' weekly price assessment for steel slab exports, fob Brazil, remained at $355-360 per tonne on Friday.Offers to the US continued to be reported at $350-360 per tonne fob, as high costs for iron ore continued to pressure...Read More

Primary aluminium foundry alloy premiums in Europe fell to all-time lows on Friday November 8, while the premium in the United States held steady under quiet spot market conditions.European foundry premiums still fallingPrimary aluminium foundry alloy premiums in Europe hit record lows, with some participants saying premiums have hit a bottom.Fastmarkets assessed the aluminium wheel alloy silicon...Read More

Alamos Gold sold 119,392 ounces of gold at an average realized price of $1,448 per ounce for revenues of $172.9 million in the third quarter.The company announced the suspension of construction activities at the Kirazli project in Turkey pending the renewal of the company's mining concessions which expired on October 13, 2019.One strong support seems to materialize at $5.00 at which point I re...Read More

The majority of steel import prices in South America fell slightly during the week ended Friday November 8, because the region had not yet caught up with the recent Chinese upturn and the latest deals had been settled at lower levels.Fastmarkets' most recent price assessment for steel hot-rolled coil, import, cfr main ports South America, was $450-470 per tonne on Friday, falling from $455-475 per...Read More

Prices for 18/8 stainless steel scrap increased this week in Europe despite market participants insisting that demand was still at "rock bottom", sources told Fastmarkets on Friday November 8. While mills continued to enjoy high discounts for the nickel component of the scrap, traders said the recent fall in alloy scrap prices had happened too quickly and that scrap merchants were u...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,59164,76398,524181,688498,826624,803662,113 Change from Prior Reporting Period 9,1685,85533,1194,69120,61346,97859,587 Traders 20283815755290196 Small Speculators LongShortOpen Interest 65,37828,068690,181 -239-12,84846,739 non reportable positionsCha...Read More

The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks' just-reported Q3'19 r...Read More

By: Ira EpsteinGold - how far low can it go?Read More

Typical gold and silver price movement after Diwali. Gold and silver have always formed short term peak around Diwali. Irrespective of the news, history has repeated itself. I will prefer to use sharp dips to invest for next year. Long term investment is good at current price. Short term investors and very short term traders need to remain on the sidelines. Physical demand and investment demand...Read More

Christopher Lewis7 hours ago (Nov 08, 2019 5:23 PM GMT)Gold markets have broken down rather significantly during the week, slicing well below the $1500 level. This is a very negative sign, but when you look at the weekly chart, you can see that we are still technically and a bullish flag. Quite frankly, this market needs to save itself rather quickly or it’s going to be serious trouble. The...Read More

BAR has remained resilient since the Fed pushed the "easing pause" button on October 30.This is principally because the market was not convinced that this rate cut would be the last. Our "buy on the dips" strategy was therefore not deployed.Although we contend that gold's spec positioning looks stretched on the long side, there are other offsetting buying forces in the gold market, which should pu...Read More

Earnings season has kicked off for the gold miners, with about one third of the index reporting thus far.Early results aren't terribly encouraging, with mixed results across most of the group.Most of the big names are still left to report, but investors will want to see more traction from the majors.It's been a busy couple of weeks for investors in the metals markets, with the second last Fed...Read More

The three-month nickel price on the London Metal Exchange staged a modest recovery at the close of trading on Friday November 8, settling back above nearby resistance after slipping below key resistance levels, while tin futures topped the gains with a 1% climb.Nickel's outright price on the LME closed at $16.190 per tonne on Friday afternoon, climbing more than 2% from an intraday low of $15,845...Read More

The fob Australia alumina price retreated to $280 per tonne on Friday November 8 because of reduced liquidity and continued poor downstream demand.Fastmarkets calculated the benchmark daily alumina index, fob Australia at $280.80 per tonne on Friday, down from $282.12 per tonne on the previous day. The index hit a four-week high of $285.42 per tonne on October 31.Key drivers A deal for 30,000 tonn...Read More

Seaborne coking coal prices regained some losses on Friday November 8, narrowing the weekly pace of decline slightly.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.24 per tonne, up $0.67 per tonnePremium hard coking coal, cfr Jingtang: $146.12 per tonne, unchangedHard coking coal, fob DBCT: $121.70 per tonne, unchangedHard coking coal, cfr Jingtang: $134 per tonne, unchangedLow-vol PC...Read More

SD Friday Wrap: Is it Black Friday already? Because silver's really looking like it's having an epic doorbuster sale today...Last Friday I said the world was descending into madness.The world is descending into madness:Nothing has changed.In the markets, however?Newfound optimism.Total Euphoria.But don't take 'Ol Half Dollar's word for it, see for yourself:That's eight Trump Tweets about the recor...Read More

Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSCoins, bars & rounds, oh my! Investing in gold & silver is very rewarding, but sometimes it's hard to know what kind of gold or silver to invest in...(Silver Doctors Editors) Coins, bars & rounds, oh my! Investing in gold & silver is rewarding in so many ways, but sometimes it's hard to know what kind...Read More