Iron ore prices fell to $76 per tonne cfr China on Tuesday March 6 on growing port inventories.Metal Bulletin's 62% Fe Iron Ore Index Today: $76.07 per tonne cfr QingdaoDaily change: down by $0.96 per tonneMonth-to-date average: $77.71 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.56 per tonne cfr QingdaoDaily change: down by...Read More

"We could end up with a Speaker Pelosi and a [Senate] Majority Leader Chuck Schumer. In Texas, if conservatives stay home, if we rest on our laurels, we could see Texas Continue...Read More

U.S. Dollar Could Dictate Gold Prices AheadIf you are looking for direction on gold prices, it's important you look at the U.S. dollar. If the dollar declines continue, gold prices could rally significantly.Gold bugs, be happy; the U.S. dollar is declining. Mind you, don't pay attention to the daily fluctuations. A lot of it has to do with noise more than anything else.Look at the chart below, whi...Read More

This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate. Why didn't quantitative easing, which created trillions of dollars of new money, lead to a massive spike in the gold price?100 Trillion Doll...Read More

By Frank HolmesPresident Donald Trump's proposed tariff on imported steel and aluminum, at 25 percent and 10 percent, is much more than a shot across the bow. Indeed, this could be the official kickoff of the trade war we all anticipated. The protectionist trade policy, announced last week as the president met with metals executives, raised fresh inflation worries and had an immediate impact on...Read More

The seaborne iron ore market continued to weaken on Tuesday March 6 on growing port inventories, but steel mills remain optimistic due to the current good profitability of steel products. Key drivers Iron ore inventories at 42 major Chinese ports continued to pile up, reaching 159.37 million tonnes on Tuesday, up 740,000 tonnes since last Friday. Some trading sources said that very few m...Read More

The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negativeContinue...Read More

Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negative shock for the European establishment. Will these stars shine on gold? Five Stars Movement TriumphsWe live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to...Read More

Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of steel billet imports into the UAE increased, sources told Metal Bulletin on Tuesday March 6. Demand for locally produced rebar in the UAE was still strong. Domestic rebar The major rebar producers in the UAE rolled over their prices for March and April production las...Read More

There are websites that offer short tests that claim to tell you if you might qualify for Mensa. That's the group for the Continue...Read More

The rising interest-rate trend in the US isn't new and isn't related to the Fed's so-called "policy normalisation" program. However, it has only just started to matter.That the rising interest-rate trend isn't new and isn't related to the Fed's rate-hiking efforts is clearly illustrated by the following chart. This chart shows that the US 2-year T-Note yield began trending upward in 2011 more...Read More

- RaboDirect Ireland to close online savings accounts in Irish market on May 16- RaboDirect holds over EUR3 billion in deposits from its 90,000 Irish customers- Irish savers now exposed to still indebted Irish banks and bail-ins- Marian Finucane heard recently that buying gold is for "ordinary people" and not just for "rich and posh people"- By owning gold "if banks go belly up again you woul...Read More

China's domestic rebar prices remained in a downward trend on Tuesday March 6 amid high selling interest among stockists. Domestic Eastern China (Shanghai): 3,920-4,000 yuan ($618-631) per tonne, down 50-80 yuan per tonne Northern China (Beijing): 4,030-4,060 yuan per tonne, down 20 yuan per tonne Stockists lowered their prices in an attempt to secure more sales since they have a lot of inventory....Read More

Limited offers and bullish sentiment resulted in import prices for steel billet in Southeast Asia rising further over the past week and those for slab in the wider region including East Asia to narrow upward.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $560-575 per tonne cfr for the week ended Monday March 5, up $20 per tonne from a week earlier.Numerous deal...Read More

The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More

Peter KrauthDespite muted action in silver over the past week, the precious metal continues to form a solid base. In fact, silver prices today (Tuesday) are already up 1.3% in morning trading.There were, nonetheless, two main market-related events last week that were extremely relevant for silver prices.The first was comments from the new Federal Reserve Chair Jerome Powell that, along with an imp...Read More

Chinese mining shutdowns drove tungsten concentrate and APT prices upward in the latest assessment, with European APT prices following suit. Chinese APT, concentrate prices bolstered by operation suspensions  European APT prices follow Chinese market upward  European ferro-tungsten market sees subdued spot demand The Chinese tungsten market rebounded significantly last week, and domesti...Read More

Chinese stainless mills issued higher ferro-chrome tender prices for the month of March, lending support to UG2 chrome ore and Asian ferro-chrome prices. UG2 chrome ore, Chinese contract prices increase on higher mill tender prices Japanese, South Korean prices bolstered by strengthened Chinese market European ferro-chrome prices firm on thinning supplies, expectations of higher benchmark US price...Read More

SHANGHAI, Mar 6 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday March 6 as SHFE copper, aluminium and nickel edged up, while SHFE zinc lost over 2%. Lead and tin both fell close to 1%.The ferrous complex continued to weaken with iron ore slipping close to 2%. Coke and hot-rolled coil were down almost 1%, while rebar and coking coal edged down slightly.Copper: SHFE copper touch...Read More

Car production in Mexico increased by 6.2% year on year in February, according to figures released by national automotive association Amia on Tuesday March 6. Output reached 328,352 units last month against 309,234 units in February 2017. Mexico exported 275,980 cars in February, an 11.2% increase from the 248,288 cars exported in the same...Read More