Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, sources told Fastmarkets on Friday, March 20.Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, the company told Fastmarkets on Friday, March 20.A spokesman confirmed that all three Liberty Liege-Dudelange production sites - at Fl?(C)mal...Read More

In yesterday’sfree analysis, we explained why a short-term corrective upswing inthe S&P 500 was likely just around the corner. In today’s article, we’lldiscuss how it’s likely to impact our silverprice forecast. We’ll also make comment on the current opportunityin silver compared to the opportunity in the mining stocks. Let’s start with a few questions that...Read More

The China Iron & Steel Association (Cisa) has said that iron ore indices should be based on "real market transactions rather than being influenced by futures and swaps curves."In an interview with Xinhua News Agency last weekend, Cisa vice-chairman and director Luo Tiejun warned that market participants should be cautious about speculative risks, because some iron ore indices were "devia...Read More

Vale's iron ore distribution and blending center at the Teluk Rubiah Maritime Terminal (TRMT) in Malaysia will continue working after all, Vale said on Friday March 20, having earlier warned that operations might be suspended at the end of the month.On Wednesday March 18, the miner had said that operations at the terminal could be suspended until March 31 due to the impact of local gover...Read More

Slab export prices from Brazilian producers dropped sharply in the week ended Friday March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, fell to $400-430 per tonne on Friday, compared with $460-470 per tonne a week earlier.By late last week, offers of B...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More

The mid-tier gold miners' stocks have been annihilated with COVID-19 fears infecting traders' sentiment. They crashed with gold getting hammered on extreme gold-futures selling! With blood in the streets, the buy-low opportunities are phenomenal. The fundamentally-superior mid-tier gold miners have epic upside potential during gold's next upleg. This key sector just reported outstandin...Read More

Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe "60/40 risk parity" hedge fund strategy has been decimated in the market sell-off. The strategy was supposed to generate consistent returns while minimizing risk. So why not apply hedge fund leverage to the trade and enjoy multiples of "consistent returns" and "minimized risk?" The risk parity funds were among the most...Read More

There will be position squaring and rebuilding for next week. Copper, crude oil, nickel and other industrial metals can rise as result. If silver falls below $9.50 or trades below $9.50, then it will imply that the corona virus has made Asia (except China) as its home ground. Economic data releases are useless at this point of time. Bank of England has cut its key interest rates to 0.10% in a se...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 20.ChinaThe UG2 chrome ore price continued lower for a fifth consecutive week, with South African sellers slashing offer prices to stimulate demandSpot domestic Chinese ferro-chrome prices...Read More

An overview of the minor metals markets and the reasons for their latest price moves.Read More

While countries start to lock down their borders to prevent the spread of the novel coronavirus (2019-nCoV), mining companies are beginning to halt production, delay projects and withdraw staff. It is a natural response to a very unexpected situation that would only worsen if left unchecked. For the mining sector, it means a raft of production from projects and operations around the world is being...Read More

The falling price of aluminium on the London Metal Exchange, combined with a weakening supply picture in Europe, is putting pressure on smelters' profit margins, but there are no reports of production cuts in the market yet, Fastmarkets understands.The LME three-month aluminium price benchmark hit a low of $1,579 per tonne during trading on March 19, its lowest since September 2016. Although LME a...Read More

The copper price closed below $5,000 per tonne on the London Metal Exchange, having traded no higher than $4,938 per tonne earlier on Friday March 20.The three-month copper contract ended at $4,810 per tonne, having bottomed out at $4,613 per tonne earlier despite 5,275 tonnes of warrants being cancelled. More than 25,000 lots changed hands.On-warrant copper stocks stand at 183,175 tonnes on Frida...Read More

The London Metal Exchange will temporarily close its open outcry trading floor and go to electronic price discovery from Monday March 23 as a precautionary measure amid the coronavirus (2019-nCoV) pandemic, it said. The open-outcry floor, one of the last of its kind in the world, has been operating from its disaster recovery site in Essex for the past week.The exchange said last week it may move t...Read More

The falling price of aluminium on the London Metal Exchange, combined with a weakening supply picture in Europe, is putting pressure on smelters' profit margins, but there are no reports of production cuts in the market yet, Fastmarkets understands.The LME three-month aluminium price benchmark hit a low of $1,579 per tonne during trading on March 19, its lowest since September 2016. Although LME a...Read More

The new issue of Aluminium Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers key insights and forecasts into aluminium markets around the world.Aluminium price down 2.3% week-on-week amid stock market sell-offGlobal markets remain rattled by the spread of the novel coronavirus (2019-nCOV) across Europe and the United States. Panic-sellin...Read More

We've had a COMPLETE SHIFT, and the America we had one month ago is not the same as the America we have now. Gregory explains...Gregory Mannarino interviewed by Dunagun Kaiser on Reluctant Preppers?EUR<- Record stock market volatility,?EUR<- Record collapsing T-Bond Yields,?EUR<- Record oil collapse,?EUR<- Record crisis interventions by the Fed,?EUR<- Record crash in silver - despite record physi...Read More

There's no physical silver on this side of the pond, and there's severe backwardation in London. Harvey explains...by Harvey Organ of Harvey Organ BlogMARCH 19/ANOTHER HUGE VOLATILE DAY: GOLD DOWN 90 CENTS TO $1476.30//SILVER UP 38 CENTS TO $12.12//BIG DISCONNECT BETWEEN PHYSICAL SILVER AND PAPER SILVER//CORONAVIRUS UPDATE//LAGARDE FIRES HER BAZOOKA OF A HUGE 750 BILLION QE AND GOLD FALLS//BANK OF...Read More