In India, the festival of lights known as Diwali brings with it a seasonal uptick in gold imports.It is estimated that Diwali accounts for approximately one-fifth of annual gold purchases in India - more than any other time of the year.This year, local gold prices in India have outperformed the S&P GSCI Gold, albeit not as pronounced as in 2013. Regardless, the cultural significance of gold in...Read More

An exodus of capital form the equity market serves as dry powder for the commodity markets.Debt market yields continue to trend lower leaving investors hungry for a low systematic risk asset with potential upside.The Unite States- China trade war creates an environment for global uncertainty, further strengthening the case for investors to seek safety.Intro: Over the past few weeks, gold has stagn...Read More

Here are five Fastmarkets MB stories you might have missed on Monday October 21 that are worth another look.Brazilian apparent steel consumption was down by 6.4% in September, compared with the corresponding month in 2018, with demand retreating for both domestic and imported materials, national industry association Instituto A??o Brasil said on Thursday October 17.Estimated global primary alumini...Read More

These reasons make now a great time to start thinking about silver, BEFORE it becomes popular again!by Simon Black of Sovereign ManIn 663 BC, King Ashurbanipal of the Assyrian Empire invaded Egypt and sacked the city of Waset (located in modern day Luxor on the Nile River).Ashurbanipal vanquished the city, purportedly seizing more than 75 metric tons of silver for his personal collection.At the ti...Read More

Let's put gold, silver, US dollars, fiat currencies, the national debt, price and value into perspective...Editor's Note: David Morgan was interviewed by Silver Doctors on Thursday of this week.*****by David Morgan of The Morgan ReportGold Cover vs. Silver CoverWatch this video on Gold Cover vs. Silver Cover, then please share with your friends and family on social media and use the caption: Gold...Read More

The three-month lead price on the London Metal Exchange was the standout performer on Monday October 21, closing at its highest level since July 2018 and breaching $2,200 per tonne despite moderate turnover. Lead futures on the LME closed at $2,211 per tonne this afternoon, a climb of more than 1.5% against Friday's close of $2,172 per tonne, while some 2,850 lots had been traded by the close, whi...Read More

Seaborne iron ore prices continued to retreat on Monday October 21 to just above $85 per tonne cfr China amid pessimism about prices and margins.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $85.40 per tonne, down by $0.96 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $85.05 per tonne, down by $0.35 per tonne.62% Fe low-alumina fines, cfr Qingdao: $84.24 per tonne, down by $0.69 per...Read More

Trading activity in the seaborne coking coal market was muted on Monday October 21, following last week's prices increases.Fastmarkets indicesPremium hard coking coal, fob DBCT: $151.77 per tonne, up $1.04 per tonnePremium hard coking coal, cfr Jingtang: $164.76 per tonne, unchangedHard coking coal, fob DBCT: $129.92 per tonne, up $4.42 per tonneHard coking coal, cfr Jingtang: $142.29 per tonne, u...Read More

The Fission family has over a dozen projects around the rim of the Athabasca Basin. (Image: Fission 3.0)SASKATCHEWAN - Fission 3.0 Corp., based in Kelowna, B.C., has had excellent uranium and gold results from prospecting at Beaver River property on the north-central rim of the Athabasca Basin. The highest grades came from the newly named Trigger zone in the northeast part of the property.Samples...Read More

Export steel slab prices from the CIS region continued to fall this week, under pressure from weak finished flat steel demand in the domestic and export markets.This was despite the reduced availability of slab from Ukraine and Russia amid maintenance works at the major mills.A cargo of Russian slab was sold to a buyer in Turkey at $350-355 per tonne cfr, equivalent to $335-340 per tonne...Read More

Export prices for hot-rolled and cold-rolled coil from the Commonwealth of Independent States continued to decline over the past week, with buyers still pessimistic and waiting for prices to reach the bottom, sources told Fastmarkets on Monday, October 21.Fastmarkets' price assessment for steel HRC export, fob Black Sea, CIS was $375-385 per tonne on October 21, down from $380-395 per tonne a...Read More

Russia plans to pay more attention to the impact climate change is having on its vast permafrost area.Thawing of once permanently frozen ground covering more than half of Russia is putting buildings, pipelines and other infrastructure at risk of damage. With the Arctic warming twice as fast as the rest of the world, that’s a big problem. The economic loss is 50-billion to 150-billion rubles...Read More

Here are five Fastmarkets MB stories you might have missed on Monday October 21 that are worth another look.Brazilian apparent steel consumption was down by 6.4% in September, compared with the corresponding month in 2018, with demand retreating for both domestic and imported materials, national industry association Instituto A??o Brasil said on Thursday October 17.Estimated global primary alumini...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThe company announced four new renewable power agreements for the Escondida and Spence operations.It is part of BHP's goal to shift to 100% renewable energy at the mines from the mid-2020s.Golden Mile goes back to the futureSPONSOREDgolden mile resources"These new renewable energy contracts will increase flexibility for our power por...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesJiangxi Copper, which has been in talks with First Quantum about its Zambia copper assets, is a key stakeholder in new major First Quantum shareholder Pangaea Investment Management. PIM has 10.8% of First Quantum and an option to go to more than 16%.Investment bank Jefferies says while most equity investors have been unwilling to buy...Read More

Estimated global primary aluminium production fell by 3.2% month on month in September 2019, according to figures published by the International Aluminium Institute (IAI) on Monday October 21. Total worldwide primary aluminium output came to an estimated 50.1 million tonnes in September compared with around 53.3 million tonnes in August 2019. Depressed production figures were reported for all prim...Read More

The publication of Fastmarkets' quarterly aluminium 6063 extrusion quarterly billet premium, cif main Japanese ports (MJP) was delayed on October 18 due to a reporter error. The aluminium 6063 extrusion quarterly billet premium, cif MJP over the MJP ingot and London Metal Exchange cash price was calculated at $140-155 per tonne per tonne on Friday. The quarterly premium should have been publi...Read More

Unionised workers at Escondida, the world's largest copper mine, have threatened strike action, and have called on miners across Chile to 'paralyze' the mining industry, after a state of emergency was declared at the weekend.The state of emergency was instigated after a protest over fare rises on the country's metro system, erupted into deadly violence, with the military and police resor...Read More

The zinc price was nearing $2,500 per tonne on the upside in morning trading on Monday October 21 on the London Metal Exchange, with stock drawdowns boosting prices across the base metals.The three-month zinc price was recently at $2,472 per tonne, up from its close of $2,457 per tonne on Friday after 2,500 tonnes of zinc were booked out of LME-registered warehouses in New Orleans, taking on-warra...Read More

The global nickel market remained in the deficit in the first eight months of this year, with apparent demand exceeding production by 77,100 tonnes, according to figures released by the World Bureau of Metal Statistics (WBMS) last week.This compares with a deficit of 106,200 tonnes over the same period of 2018, although that for the whole of last year was lower, at 102,900 tonnes, the bureau told...Read More