Here are five Fastmarkets stories you might have missed on Monday May 10 that are worth another look.European buyers have purchased substantial volumes of cold-rolled coil from China for the first time in about five years, despite the product being subject to anti-dumping tariffs, sources told Fastmarkets on May 10.Consuming...Read More
The three-month price of zinc rebounded above the $3,000 per tonne mark on the London Metal Exchange and nickel had the largest percentage gain on Tuesday May 11, while most other base metals metals also finished higher due to some dip-buying after prices fell on Monday.Zinc's benchmark futures contract was up by 0.6% to $3,009 per tonne on Tuesday, following a 0.7% decrease of Monday to $2,991.50...Read More
The total amount of metal held outside of the London Metal Exchange network fell by 40% in March 2021 to 1.25 million tonnes from just over 2 million tonnes in February, the latest data from the Exchange shows.The LME's latest off-warrant stock report showed a decrease of 841,034 tonnes over March, down from February's reading of 2,093,017 tonnes.There was a decrease in every metal held off warran...Read More
Base metals prices on the London Metal Exchange were consolidating this morning on Tuesday May 11, after having pulled back from high ground on Monday while base metals on the Shanghai Futures Exchange were, for the most part, weaker. Broader markets seem to be getting nervous about inflation, with roaring commodity prices not helping. China's consumer and producer prices up significantly. But, US...Read More
The silver price had a bit of an unusual...by Chris Marcus of Arcadia EconomicsSilver has odd (predictable?) reaction to labor report.The silver price had a bit of an unusual reaction to today's labor report miss.Yet for those who know the backstory, it may not have been as unexpected as it may seem.To find out more, click to watch the video now! Read More
What happens when retail stock investors begin to really move into the Global Silver ETFs? Where will the silver come from? We are going to see massive FIREWORKS as... by Steve St Angelo of SRSrocco ReportThe LBMA announced today that they made a small error in overstating its silver inventories last month. According to the press release, the LBMA recorded an additional 3,300 metric tons of si...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:Unprecedentedly high flat steel product pricing in the United States was forecast to persist through the current quarter and well into the second half of 2021.Actual US hot-rolled coil prices in April slightly outpaced our forecasts, with Fastmarkets' US HRC index ave...Read More
A summary of base metal premiums from across the globe for the week to Tuesday May 11.Please click...Read More
Prices for steel billet exports from the Commonwealth of Independent States have jumped to a 10-year high following rises in the Chinese billet and rebar markets over the week to Tuesday May 11.China's domestic rebar prices surged on May 10 and set the new high after the October futures contract on the Shanghai Futures Exchange hit the daily limit within 10 minutes of the start of trading.The pric...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Guilty of going after tonnages and pursuing growth at any cost during bull times, the world's mining companies have suffered a wave of CEO replacements, with shareholders demanding more capital austerity and returns in the form of div...Read More
The United States Defense Logistics Agency (DLA) is offering 80 tonnes of tin, with bidding set to close at noon Eastern Standard Time on Wednesday May 12, the agency said in a posting on its website.After a 13-year hiatus, the agency in March recommenced offering tin from the national security stockpile to a tin-starved market, reflected in record tin prices and premiums.US tin premiums...Read More
RAPAPORT... Hong Kong's polished-diamond imports rose 47% year on year to $3.43 billion in the first quarter of 2021, reflecting an improvement in market conditions compared with the onset of the coronavirus crisis. However, shipments were still well below the $5.02 billion the municipality recorded in the same period of 2019.Hong Kong Trade Data for 1Q 2021 Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Read More
RAPAPORT... US polished-diamond imports more than doubled year on year to $1.74 billion in March, reaching their highest level since May 2019, according to recent government data. The improvement partly reflects a favorable comparison with the onset of the coronavirus crisis a year earlier.US Trade Data for March 2021 Read More
RAPAPORT... HB Antwerp and Sarine Technologies have agreed to a partnership that will see the pair integrate their respective machinery throughout the diamond-manufacturing process.Under the deal, Belgian manufacturer HB will use Sarine's scanning and automated grading systems for the entire supply chain, from rough sourcing to the final polished. HB will pay Sarine based on the value of the...Read More
RAPAPORT... Sotheby's will open a retail store in its New York flagship gallery featuring over 5,000 luxury items, including fine jewelry, art, watches and handbags.The Emporium is an extension of the auction house's Buy Now online marketplace, which enables shoppers to purchase luxury items whenever they want, Sotheby's said Monday. The site will offer items at different price points, and buyers...Read More
The three-month price of zinc rebounded above the $3,000 per tonne mark on the London Metal Exchange and nickel had the largest percentage gain on Tuesday May 11, while most other base metals metals also finished higher due to some dip-buying after prices fell on Monday.Zinc's benchmark futures contract was up by 0.6% to $3,009 per tonne on Tuesday, following a 0.7% decrease of Monday to $2,991.50...Read More
(IDEX Online) - Lucapa today announced it had sold a parcel of about 4,000 carats of rough from its Lulo mine, in Angola, for $5m.The Australian miner said seven high-value diamonds, including two pinks, were put aside for a later sale.It achieved an average per carat of $1,239 in the sale, together with partners Endiama and Rosas & Petalas.Earlier this month Lucapa sold a 3,617 carat parcel f...Read More
(IDEX Online) - Petra is to re-open its Williamson mine, in Tanzania, more than a year after it was put on on care and maintenance amid the first Covid lockdowns and unprecedented low rough prices.The mine, a quarter-owned by the Tanzanian government, has now reportedly secured overdraft funds to resume production at full capacity. It halted operations when the per carat price of the rough it...Read More
The total amount of metal held outside of the London Metal Exchange network fell by 40% in March 2021 to 1.25 million tonnes from just over 2 million tonnes in February, the latest data from the Exchange shows.The LME's latest off-warrant stock report showed a decrease of 841,034 tonnes over March, down from February's reading of 2,093,017 tonnes.There was a decrease in every metal held off warran...Read More