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

By: Ira EpsteinRead More

Anglo American is expecting a production impact of 2-3 million tonnes at its Kumba iron ore operations in 2020, following a decision to operate with around half of its workforce during a 21-day lockdown in South Africa that started this week.The miner said on Friday March 27 that it had consulted with the government authorities and industry bodies in South Africa to determine and agree on the appr...Read More

Stock futures are swimming in red ink following yesterday's massive three-day rally Dow Jones Industrial Average (DJI) futures are signaling an over 700-point drop this morning, right on the heels of a massive three-day surge, as concerns over the devastating economic effects of the coronavirus continue to loom large. Globally, the case count has shot up to 542,700 according to Johns Hopkins Univ...Read More

State-owned Steel Authority of India (Sail) has joined the list of steelmakers in the country to reduce production levels following the lockdown imposed in India earlier this week.Sail is a major integrated producer of rebar, wire rod and hot rolled coil (HRC), and has a total crude steel capacity of around 21 million tonnes.In light of increasingly...Read More

ArcelorMittal will idle the No3 blast furnace at its integrated slab and flat steel Tubar??o facility, in the country's southeastern Esp?-rito Santo state, because of impacts from the spread of the novel coronavirus, the company said on Friday March 27.The blast furnace at the Tubar??o unit, which has capacity to produce 2.8 million tonnes of crude steel per year, will be halted in early April for...Read More

The copper concentrate spot market has become active in Europe, Japan and South Korea as smelters look to cover tonnages disrupted by shutdowns and logistics hitches. Chinese smelters remain well covered.Fastmarkets' copper concentrates TC index, cif Asia Pacific dropped to $63.20 per tonne / 6.32 cents per lb, down from $66.70 / 6.67 cents, its lowest since February 7.Impact of virus-led lockdown...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 27.China The 21-day nationwide lockdown in South Africa, where all miners were ordered to cease operations from March 26 due to curb the spread of the Covid-19 virus, sparked concerns about supplies.Portside prices rose significantly after some traders raised...Read More

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

Dear Friend of GATA and Gold:What the heck are those mysterious "exchange for physicals," the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?The mechanism long has been incorporated by the Comex trading system but was described as an "emergency...Read More

Steve St. Angelo, SRSrocco Report There's more evidence finally surfacing in the media of the dire energy predicament the world is now facing. The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the global contagion has sped up the process considerably. Unfortunately, the world will never return back to the energy co...Read More

Dave Kranzler, Mining Stock JournalThe Government and the Federal Reserve are exploiting the virus crisis to implement another bailout - or attempted bailout of the "Too Big To Fail Banks." The stimulus Bill approved 96-0 by the Senate gives the Fed a $454 billion taxpayer funded "slush fund" for Wall Street bailouts. Just as troubling, the Bill suspends the Freedom Of Information Act for the...Read More

By: Ira EpsteinRead More

Seaborne coking coal prices saw limited movement on Friday March 27, with market participant sentiment outside China decidedly bearish while those in China took a different view. Fastmarkets IndicesPremium hard coking coal, fob DBCT: $153.44 per tonne, up $0.41 per tonnePremium hard coking coal, cfr Jingtang: $158.03 per tonne, down $0.22 per tonneHard coking coal, fob DBCT: $139.89 per tonne, dow...Read More

Eastern China's hot-rolled coil prices continued to fall on Friday March 27 on thin trading. Exporters too reported thin trading amid the availability of cheaper cargoes from other countries such as India.DomesticEastern China (Shanghai): 3,330-3,350 yuan ($470-473) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,280 yuan per tonne, unchangedA Shanghai-based trader said sellers in th...Read More

The three-month tin price on the London Metal Exchange was higher during morning trading on Friday March 27, with prices supported by a cancellation of 700 tonnes out of LME-registered warehouses in Port Klang, while zinc futures showed signs of improvement. Tin's underlying price on the LME was recently seen at $14,310 per tonne, up from a morning low of $13,970 per tonne. Turnover was moderate a...Read More

The three-month copper price on the London Metal Exchange closed below the $4,800-per-tonne psychological threshold on Friday March 27, finishing at the day $4,790.50 per tonne with a turnover of just 11,475 lots.The underlying price hit an intraday high of $4,866.50 per tonne and a low of $4,768.50 per tonne on Friday.Copper's total LME on-warrant inventories remain high, at 177,025 tonnes o...Read More

The pig iron market in the United States dropped again in the week to Friday March 27, but not as much as buyers anticipated because material availability fell considerably due to heavy sales to China.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne on Friday compared with $330-340 per tonne one week prior."Scrap is falling in April by $3...Read More

A summary of the full-year financial performance of Chilean copper producer Codelco in 2019, as stated in its earnings report on Friday March 27.In brief Heavy rainfall in northern Chile alongside a strike at the Chuquicamata division reduced output during the first half of 2019, but activities recovered during the last half of the year. Codelco produced 710,000 tonnes in copper content durin...Read More