Where is all this silver coming and going, who is this silver "whale", and what does JP Morgan have to do with all of this?by Dunagun Kaiser with Ted Butler via Reluctant PreppersLegendary silver analyst Ted Butler of Butler Research returns to Reluctant Preppers to answer your questions about recent revelations on massive physical shipments of silver at the COMEX, where all the silver is coming f...Read More

Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More

There have been persistent rumors about a silver shortage, but David is unconvinced. That doesn't mean there's not one looming...by Kerry Lutz with David Morgan via FSN GoldandSilverThe fundamental case for precious metals has never stronger. Earlier in the year the technical case became overwhelming and we saw major price increases in gold and silver. Now the market is taking a breather, but we c...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 1.China Seaborne manganese ore prices of both grades continued to slide after some miners slashed their offers further to offload remaining November-delivery cargoes.Higher grade ore prices fell to their lowest since August 2016 after a surge in liquidity.Trading in seaborne cargoes picked...Read More

Booking activity in the United States import pig iron market has come to a standstill until the price trend in ferrous scrap for November becomes clear, sources told Fastmarkets on Friday November 1.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $310-312 per tonne on November 1, narrowing upward from $305-312 per tonne a week earlier.No new bookings of pig iron wer...Read More

Aluminium closed at its highest in six weeks on the London Metal Exchange on Friday November 1 while copper also continued its recovery. The three-month aluminium closed at $1,786 per tonne this afternoon after peaking earlier at $1,790 per tonne. More than 18,000 lots changed hands by the close, the highest one-total since July. Still, market participants must factor in costlier financing conditi...Read More

The alumina price on a fob Australia basis rose to $285 per tonne in the week ending Friday November 1, its highest since early October, thanks to continued import demand from China. Fastmarkets calculated the benchmark daily alumina index, fob Australia at $285.18 per tonne on Friday, down only slightly from $285.42 per tonne on the previous day. Before Thursday, it had not traded above $285 per...Read More

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The London Metal Exchange's new warehouse reform should provide more detail of off-warrant stock levels and create a fairer market environment, chief executive office Matthew Chamberlain said. But if the reporting of these so-called shadow stocks does not provide this fairness and clarity after a few months, the LME may look to take further steps to incentivize voluntary reporting, he added."If yo...Read More

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Stocks of base metals apart from aluminium and zinc climbed in Shanghai Futures Exchange-approved warehouses in the week to Friday November 1.The largest increase was in deliverable lead stocks, which rose by 3,092 tonnes or 16.88% week on week to 21,411 tonnes. According to the SHFE's latest inventory report,...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Copper is a cornerstone of the EV revolution.At the heart of the electric vehicle, copper is used throughout because of its high electrical conductivity, durability and malleability. And even more is used in charging stations and in s...Read More

Union workers at the Escondida copper mine in Chile, the world's largest, initiated a one-day walkout on Tuesday October 29 in response to "labor agreement breaches" and to stand in solidarity against the Chilean government's actions to suppress demonstrations in the country."[Employees deal with] constant breaches and abuses from the company [in regard to] not respecting our labor agreement," the...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028. This will consume in excess of 5.5Mt of copper, according to a recent analysis by Wood Mackenzie.Henry Salisbury, Wood Macken...Read More

A summary of the production results of Russian multi-metal miner Norilsk Nickel (Nornickel) for the third quarter and first nine months of 2019.In briefNornickel's copper and nickel production both rose by 6% in January-September 2019 from a year earlier owing mainly to productivity improvements.The increase in copper output in the first nine months of the year was primarily the result of the ramp...Read More

Vinayak Bhave has joined TradeCloud as head of India to solidify the company's presence in India and Middle East, the company said on Friday November 1.Launched in October 2017, TradeCloud is a digital metals trading platform where producers, consumers and traders can meet to exchange information, negotiate contracts and conclude business. Vinayak will be based in Mumbai, India.Prior to joining...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:Copper By Wood Mackenzie Senior Consultant, Yanting Zhou"Previous...Read More

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Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The Wood Mackenzie team will be presenting our analysis and perspectives on key commodities which include Copper, Nickel, Coal (met and thermal) and Aluminium. Join us at the Moscow Metals & Mining Briefing to discuss the issues f...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Read More