The world's number one silver exporter shuts down! Get some popcorn, if you can find it. The nonsense the manipulation deniers are about to spew will be EPIC! (by Half Dollar) The supply chain disruptions mount, and they keep extending further and further into the future.From the Mexican Ministry of Health (translated by Google):This closure is in effect until the end of April, but remember, Mexic...Read More

During silver's decline from $18 to under $12, one of the common explanations as to why the price dropped was because of ETF margin call selling...by Chris Marcus of Arcadia EconomicsDuring silver's recent decline from $18 to under $12, one of the common explanations as to why the price dropped was because of ETF margin call selling.But what's interesting is that while people may have been selling...Read More

What lies ahead is a collapse and disintegration of a previous way of life. It's important to understand that "Business, as Usual" is over for good...by Steve St Angelo of SRSrocco ReportWhile the world has entered into a financial crisis, the worst is still yet to come. When the global contagion continues to spread, the crisis will turn into a FINANCIAL STORM, in which few are prepared. Unfor...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.A 6% decline in the daily average 62% Fe iron ore fines benchmark last week contributed to the lowest quarterly price rise for the first quarter in five years, in spite of clear evidence of supply-side constraints. Although there were clear demand-related obstacles to iron ore suppliers raking in more typical, seasonal price...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Coronavirus continues to shape scrap markets but tighter supply may partly offset lower demandWe have downwardly revised our ferrous scrap price forecasts for the following few months and, as a result, for the whole year of 2020, with the Covid-19 outbreak outside China stalling the markets. The Fastmarkets' daily benchmark...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Although China is slowly returning to pre-outbreak activity, the same cannot be said for the rest of the world, which is grappling with the Covid-19 outbreak, with a fifth of the global population and counting under lockdown. Average blast furnace activity in China is recovering but iron ore demand from outside China is expec...Read More

Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekSign-up for the SilverSeeker Reports$SILV $SIL.TO $AXU $AUN.V Following Part I of this piece, which highlighted three of six "next generation silver producers", we will focus this piece on the next three, which include SilverCrest Metals, Alexco Resources, and Aurcana. The latter two don't have tier-I silver asset but are very high gra...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Having first hit Asia during early 2020, the Covid-19 viral outbreak is now having an even bigger impact on European countries and the US. Widespread lockdown measures have been put in place on people and industry, and economic activity has slowed markedly.For now, stainless steel markets in Europe and the US are yet to show...Read More

Domestic prices for hot-rolled coil in Northern Europe have inched downward day on day and further drops were expected, sources told Fastmarkets on Thursday April 2.Prices were expected to go down because of poor demand and the pressure created by declining import offers.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was relatively stable at ?,?470.00 ($515.26) per...Read More

Norsk Hydro has decided to postpone adding 95,000 tonnes per year to capacity at the Husnes aluminium plant in Norway in light of the rapidly deteriorating market conditions caused by the Covid-19 pandemic. The ramp-up of Husnes was originally planned to begin in the first half of 2020, but has now been postponed to the third quarter at the earliest. This is also dependent on market developme...Read More

Key pricing data from the pricing session for Fastmarkets' alumina index, fob Australia, on Thursday April 2.Key drivers Fastmarkets' daily alumina index, fob Australia, was calculated at $237 per tonne on Thursday, down from $241.52 per tonne the day before and down by more than 11% from $268.33 per tonne on Thursday last week. The index is now at its lowest since September 26, 2016, when...Read More

The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Thursday April 2, climbing by 1.5% despite a three-month low in turnover, while an afternoon rally did little to push aluminium above nearby resistance.Zinc's outright price on the LME closed at $1,887.50 per tonne at the 5pm London close on Thursday, up from an intraday low of $1,844 p...Read More

Chilean copper mine Collahuasi has temporarily slashed its on-site workforce by 40% and scaled back operations in an attempt to reduce the Covid-19 virus spread among its employees and contractors, the company said on Thursday April 2. The miner, formally known as Compa???-a Minera Don?? In?(C)s de Collahuasi, had already implemented home-office practices, especially for workers ages 65 and above...Read More

The London Metal Exchange three-month aluminium price declined during morning trading on Thursday April 2, with a fresh inflow of more than 48,000 tonnes pressuring price action lower, while pandemic-related risk-aversion led the rest of the complex consolidate. LME aluminium's outright price was recently at $1,483.50 per tonne, a drop of 0.74% from Wednesday's closing price of $1,499.50 per tonne...Read More

Newmont will close its Pe??asquito lead-zinc-silver mine in Mexico after the country mandated the immediate suspension of all non-essential business until April 30. An order from Mexico's Ministry of Health became effective as of a March 31 publication in the country's Official Gazette of the Federation. Mining has not been deemed an essential activity under the decree,...Read More

Brazilian flat steel producer Usiminas has decided to shut down two blast furnaces at its Ipatinga unit and halt its Cubat??o steelmaking facility in order to adjust its production to lower demand resulting from the outbreak of Covid-19, the company said on Thursday April 2.The company will shut down the No2 blast furnace on April 4, and also its No1 blast furnace on April 22, both located at its...Read More

Diamond markets under continued pressure and facing severe liquidity crisis as jewelry retail, manufacturing, trading and mining companies shut operations during COVID-19 lockdown. Trading limited to online deals, with opportunistic buyers pushing for even higher discounts. 1 ct. RAPI -6.8% in March. China business reopening amid new coronavirus reality. Signet Jewelers temporarily lays off worker...Read More

Hot-rolled coil prices in the United States have rebounded on what appears to be increased pricing volatility rather than an improvement in supply-demand fundamentals, market participants indicated.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $26.65 per hundredweight ($533 per short ton) on Thursday April 2, up by 1% ($0.26 per cwt) from $26.39 per cwt on Wednesday...Read More

RAPAPORT... Martin Rapaport, chairman of the Rapaport Group, explained how the Rapaport Price List works during a webinar this week. He clarified its role as a list of high asking prices, and gave an overview of the data and resources the company uses to decide on price changes.Watch the full webinar here:Read More

RAPAPORT... De Beers chief financial officer Nimesh Patel will exit the company on July 26 to become CFO and executive director at UK-based Spirax-Sarco Engineering.Patel joined De Beers parent company Anglo American in 2012 as group head of corporate finance. He moved to the diamond miner in 2016 as CFO, becoming a member of its executive committee and board."Nimesh has worked closely with m...Read More