With the exception of that for zinc and nickel, deliverable base metals stocks at Shanghai Futures Exchange-approved warehouses all fell in the week ended Friday May 8.Copper registered the largest decline in inventories in percentage terms, with total SHFE stocks declining to 204,219 tonnes on Friday; this marks a decrease of 26,737 tonnes (11.6%) from the 230,956 tonnes recorded on April 30. ...Read More

Chile saw a 4.5% year-on-year increase in copper production during March despite some difficulties faced by the industry due to the Covid-19 pandemic, Chilean copper commission Cochilco said on Thursday May 7.The country produced 494,700 tonnes of copper content in March compared with 473,300 tonnes in the corresponding month of 2019. Most of the major local mines increased output during the afore...Read More

Adam HamiltonArchivesMay 08, 2020 With the stock markets near a critical juncture during the most-extreme economic dislocations of our lifetimes, big US stocks' fundamentals have never been more important. After plummeting in a brutal stock panic on the catastrophic economic damage caused by governments' draconian lockdowns to fight COVID-19, stocks have skyrocketed in a monster rally. Are these g...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

Slowed global economic activity in the March quarter resulted in demand for crude oil and related corn-based ethanol products retreating, which contributed to softer-than-expected potash pricing.The Saskatchewan-based company reported an adjusted loss for the March quarter of US$69 million, or 12c per share. The net result compared with a $41 million net profit in the same period last year.Nu...Read More

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

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort275,57125,56740,010120,045401,681435,626467,258Change from Prior Reporting Period -11,811914-4,4385,143-6,850-11,106-10,374Traders20350785858292158 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,71723,085490,343 633-99-10,473 non reportable positionsChange from t...Read More

By: Gary SavageThe markets discount results ahead of time. S&P technical set-up. Gold has a pattern in play seen before since the start of this latest bull market...https://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinBig breakout day for gold and silver! Expecting 16% unemployment rate for tomorrow, but that will be the big price driver. It will be released on Friday at 8:30 Eastern time:Read More

Trade war, US unemployment, and even rise in US stock market are the reason for gold price to rise. Profit in stock trading is invested in gold. Lack of stock market margin pressure has resulted in more long positions in gold, silver, crude oil and copper. Liquidity is abundant. There is free money and lack of investment avenues. Businesses with cash are just using to trade and invest in stocks...Read More

Import prices for containerized scrap in Bangladesh continued to drop over the past week, while most major mills stayed out of the market for bulk cargoes amid high stock levels.No transactions for bulk cargoes were heard during the week but containerized scrap from Australia and Brazil changed hands at lower prices than previous weeks."There are mostly container sales of both shredded and [heavy...Read More

Demand for imported ferrous scrap remained elevated in South Korea over the past week with domestic prices rising due to the restart of some key industries, market sources told Fastmarkets on Friday May 8.After a sharp rise in South Korean Covid-19 cases during February and March, new infections have slowed to just a handful over recent days. On Wednesday, the government allowed offices, libraries...Read More

Prices fluctuations for heavy melting scrap (HMS) imports in Taiwan have caused an unclear price outlook in the near term.Market participants from major supplier Japan had just returned from a holiday on Thursday May 7 and buyers were waiting for clearer price trends for Japanese cargoes."Taiwan had increased the purchases for Japanese materials in the past few weeks because of limited supply from...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

China's lithium market was quiet in the week to Thursday May 7 with buyers largely absent due to the country's Labor Day holiday (May 1-5). Other global lithium markets experienced a similar lack of spot activity, which kept prices in place.Chinese battery-grade lithium carbonate price widens downward. China's industrial-grade lithium carbonate price unchanged.Chinese lithium hydroxide market flat...Read More

Import prices for flat-rolled steel into South America were steady to slightly higher during the past week, with market participants already reporting a slight recovery for some materials despite the bulk of negotiations for July shipment having yet to take place.Peru and Ecuador were still under a quarantine period aimed at preventing the spread of Covid-19, but were gradually expected...Read More

During PDAC 2020, we caught up with Paul Sorbara, CEO of Golden Goliath Resources (TSX: GNG). Since we spoke last, Golden Goliath has sold 7 out of 8 properties in Mexico and acquired 2 new properties in the Red Lake district, in Ontario and a third property near Wawa Ontario. With great Gold prospects and money in the bank, Golden Goliath is worth watching.Golden GoliathDr. Allen Alper:This is Dr...Read More

Last month, Moon Jae-in took South Korea's presidential election in a landslide victory. It one of the first national elections, since the beginning of the coronavirus outbreak. People were made to wear masks and gloves and use hand sanitizer before going into voting booths.Nevertheless, reports say voters turned out in record numbers to support the Democratic Jae-in, whose party made campaign pro...Read More

Prices for cold-rolled and galvanized sheet in the United States rose for the first time in two months in the immediate aftermath of price-increase announcements from domestic steel mills.Fastmarkets' price assessment for steel cold-rolled coil, fob mill US climbed to $34 per hundredweight ($680 per short ton) on Thursday May 7 from $32.50 per cwt on Thursday April 30.Fastmarkets' price assessment...Read More

Indian steel mills have increased hot-rolled coil exports, booking more than 200,000 tonnes to China and South East Asian countries over the past couple of days.One private-sector mill alone booked 125,000 tonnes of HRC to China, and two other private mills booked 50,000 tonnes each to China in addition to smaller shipments to South...Read More