Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

It sure looks like the Cartel has finally called off the dogs, however, and that the bottom for silver is in...Who called the dogs off?This doesn't look like a dead cat bounce:That looks like a bottom to me.The US dollar has barely budged:More proof this is nothing more than a good old-fashioned woodshed beating.They don't even take silver behind it anymore, nor do they confine the beatings to the...Read More

A huge raid, and huge changes in silver at the SLV...by Harvey Organ of Harvey Organ BlogNOV 25//ELECTION FRAUD EXPOSED. DR.PATRICK BYRNE +OTHER ELECTION STORIES//GOLD CLOSED UP 5 CENTS TO $1807.30//SILVER CLOSED UP 5 CENTS TO $23.34//WE WILL HAVE A MASSIVE SILVER AND GOLD DECEMBER DELIVERY MONTH//GOLD DELIVERIES FOR NOV. UP TO 30.045 TONNES//CORONAVIRUS UPDATE//CHINA VS USA MORE RHETORIC FROM CHI...Read More

Looking for that Black Friday flash sale? It's here, compliments of the cartel, but it probably won't last long....Silver got hit pretty good at 08:10 a.m. EST:The "selling" really began just after 8:00 a.m., however, and from $23.25 to $22.80, we're talking about a nearly 2% drop within minutes!What's the motive for today's smash?It does not have anything to do with options, or deliveries, or key...Read More

The price for pig iron exports from Brazil increased further during the week to Friday November 27 on sales to the United States, Fastmarkets has heard.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $405 per tonne on Friday, up from $390-395 per tonne a week before.A sale was done to the US, where buyers needed to...Read More

Turkish steel mills continued their deep-sea scrap bookings for January shipment and prices continued to climb on Friday November 27, supported by strong demand in the country's finished steel markets.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $350.50 per tonne and 7,000 tonnes of bonus scrap at $360.50 per tonne cfr.And a steel...Read More

An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More

Fastmarkets has corrected its daily aluminium arbitrage calculation, which was published incorrectly on Thursday November 26 due to a reporter error. Fastmarkets' aluminium import arbitrage dollar per tonne calculation [MB-AL-0289] should have been $46.93 per tonne, rather than the $75.18 per tonne published. Fastmarkets' aluminium import arbitrage yean per tonne calculation [MB-AL-0290]...Read More

Fastmarkets' copper concentrates treatment charge/ refining charge (TC/RC) index fell to an all-time low since 2013 in the week to Friday November 27. Offers to smelters were maintained in the $40s with purchases reported in the high $40s for 2021 January shipment and the low $50s for slightly complex concentrates, which were excluded from the index calculation. Only hand-to-mouth purchases w...Read More

Except lead and tin, base metals' deliverable stocks in Shanghai Futures Exchange-registered warehouses declined in the week to Friday November 27, with nickel inventories down by 7.7%, the highest decline in percentage terms. Nickel stocks fell by 1,944 tonnes week on week to 23,406 tonnes, with the largest outflow of 1,036 tonnes leaving Zhongchu Dachang warehouse in Shanghai, which reported sto...Read More

Copper and nickel continued their bullish momentum on Friday morning, with the red metal surpassing $7,500 per tonne - a price last seen in June 2013.Copper's three-month price was at $7,495 at 9:05am, but it rose in the minutes that followed to a high of $7,511 per tonne, surpassing a high intraday price of $7,500 per tonne last recorded on June 5 2013. Compared with Thursday's closing...Read More

One consumer and several trading houses in Japan confirmed they received offers for the first-quarter 2021 supply of aluminium to main Japanese ports (MJPs) from two producers at a premium of $138 per tonne over the London Metal Exchange cash price, market sources said on Friday November 27.Offers at $138 per tonne are 57.8% higher than the cif MJP premium for the fourth quarter of 2020, which set...Read More

The base metals remain buoyant on good volumes this morning, Friday November 27, but equity indices were looking mixed.Chinese industrial profits surged by 28.2% year on year in October - the fastest pace since early 2017 Base metals The three-month base metals prices on the London Metal Exchange were up across the board this morning with gains averaging 0.5% - led by a 0.9% rally in nickel to $16...Read More

Mexican steel company Grupo Acerero del Norte (GAN), which controls integrated steelmaker Altos Hornos de M?(C)xico (Ahsma), has authorized further negotiations for a potential partnership with Grupo Villacero.The partnership would aim to recapitalize the company, and would be subject to approval by Mexican competition regulator Cofece. Approval was granted by a shareholders' meeting on Thursday N...Read More

Brazilian steelmakers' association Instituto A??o Brasil revised its forecast for the country's steel market for the last time this year on Friday November 27, reversing its expectations for a year-on-year sales volumes increase in 2020.The institute changed its estimates for domestic steel shipments to 18.89 million tonnes this year, 0.5% higher than 18.8 million tonnes last year. This reverses a...Read More

Brazilian flat steel producer Usiminas believed there was room for an additional price increase in the country's domestic market because of the current high prices of steel globally, it said on Friday November 27.The company considered the prices of domestically produced material to be "slightly lower" than the prices of imported steel."Considering the current difference [in prices], there are con...Read More

Italian trade unions representing the country's steelworkers have been concerned about the future of the Taranto steel plant and the jobs there because of an expected change in ownership of flat steel producer ArcelorMittal Italia, trade union Fiom-Cgil said on Wednesday November 25.The union said that, in a few days' time, Italian authorities and the management of ArcelorMittal Italia would final...Read More

A third tender for the sale of struggling steel plate producer Huta Czestochowa was expected in January 2021 with the starting price being reduced, several sources told Fastmarkets on Friday November 27.The third tender was expected to take place in January from a starting price at 190 million Polish zloty ($50.6 million). This would be down from 220 million zloty in the second tender, held in Jul...Read More

Indian steel mills were likely to increase the domestic price of hot-rolled coil by 1,500-2,000 rupees ($20-27) per tonne for December sales, Fastmarkets heard on Friday November 27.The likely rise in domestic HRC prices in early December would be in line with the rising price of the commodity in the international markets as well as the steady rise in the costs of raw materials such as iron ore...Read More

Rebar producers in Egypt added E ?500-650 per tonne ($32-41) per tonne to their rebar prices on Friday November 27.The country's biggest producer Ezz Steel is now offering rebar at E ?11,100 per tonne ex-works, including 14% VAT, up from E ?10,600 per tonne ex-works.Read More

The base metals remain buoyant on good volumes this morning, Friday November 27, but equity indices were looking mixed.Chinese industrial profits surged by 28.2% year on year in October – the fastest pace since early 2017Base metalsThe three-month base metals prices on the London Metal Exchange were up across the board this morning with gains averaging 0.5% – led by a 0.9% rally in nicke...Read More