Here are five Fastmarkets stories you might have missed on Tuesday July 21 that are worth another look.Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on July 21.Maersk Line, the world's biggest shipping line by cargo capacity, will stop handling scrap cargoes destined for mainland China and Hong Kong due to policy uncerta...Read More

Aluminium premiums in the US Midwest and in Rotterdam rose on Tuesday July 21 following a wide contango on the London Metal Exchange, while premiums in Asia were flat.A wide contango and uncertainty about tariffs affecting Canada pushed the US Midwest premium to its highest since April.Slightly bullish sentiment, contango continued to support premiums throughout Europe.Premiums in Asia were steady...Read More

A summary of base metals premiums from across the globe for the week to Tuesday July 21.Please click...Read More

Ferrous scrap prices in Mexico fell this week amid a weak steel market performance and increasing inventories, sources told Fastmarkets. Low steel production in the country sent scrap stocks higher during the week.Efforts to reduce prices in the country became more widespread last week, with more steelmakers cutting buying prices and additional sellers affected by previously announc...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 21 that are worth another look.Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on July 21.Maersk Line, the world's biggest shipping line by cargo capacity, will stop handling scrap cargoes destined for mainland China and Hong Kong due to policy uncerta...Read More

Ferroglobe has appointed Craig Arnold as its new chief commercial officer, effective immediately, in the second addition to its senior sales team this year of someone from a high-purity silicon background. "Mr. Arnold succeeds Jeff Watson, who chose to step down from his position to pursue other interests while being closer to his family in the United States," London-based Ferroglobe said on July...Read More

We've been lied to for over 170 years about the value & importance of SILVER in our monetary system. SILVER is breaking free from that manipulation...by Bix Weir of Road to RootaWe have been lied to for over 170 years about the value and importance of SILVER in our monetary system...now SILVER is breaking free from that manipulation. What's the true "Fair Market Value" of Silver? NOBODY KNOWS but...Read More

Unsurprisingly, silver is now one of the best performing assets in the worldby Simon Black of Sovereign ManSovereign Man is a little over 11 years old.And when we started this business, silver was worth $13 per ounce at the time.My philosophy then, just like today, is that precious metals hold their value over the long-term.But back then, there was one key indicator that told me an investment in...Read More

COMEX, we have a problem?Because according to this July 16th SEC F-10 filing... (Silver Doctors Editors) Note: They're not buying all of this physical silver at one single time, but rather, they're buying up to a certain amount, and over the course of 25 months, according this latest filing.For now.Found at the SEC:The form is quite lengthy with all of its legalese glory.Here's another excerpt (li...Read More

London Metal Exchange three-month base metals prices universally closed up on the previous day on Tuesday July 21, bolstered by the announcement on the European Union's ?,?750 billion ($857 million) fiscal package to fight the fallout of the global Covid-19 pandemic. The approval of the EU's recovery fund is expected to shore up a large amount of liquidity, which market participants anticipate wil...Read More

Several workers tested positive for Covid-19...by Steve St Angelo of SRSrocco ReportPan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019.It's not clear if Pan American Silver began full oper...Read More

Seaborne iron ore prices increased on Tuesday July 21 after further concerns emerged over supplies from Brazil, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $111.43 per tonne, up $1.89 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $113 per tonne, up $1.56 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $100.36 per tonne, up $2.50 per...Read More

Fastmarkets' seaborne premium hard coking coal cfr China index continued to edge up slightly on Tuesday July 21 after the latest transaction saw it rebound further from last week's perceived 'bottom'.Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.26 per tonne, down $0.09 per tonne Premium hard coking coal, cfr Jingtang: $119.47 per tonne, up $0.91 per tonneHard coking coal,...Read More

"a run to the $21.23 high looks likely"by Captain Ewave of CaptainEwaveCaptain EwaveSilver: Base Breakout & C Wave RallyEmail: [email protected]Website: www.captainewave.comJuly 20, 2020Silver:Update & Tactics:Silver was higher this past week, reaching 19.87, and closed at 19.76.We continue to rally in wave (i) of 3, and within wave (i), we are now thrusting higher in wave -v- of (i).A run to the...Read More

Wasn't silver supposed to be going to like, fourteen...?!?(by Half Dollar) Wow!Silver's on the move!Taking out $21 on Tuesday morning:Here's a look at some different time frames:For those doing the math, before 8:30 a.m. on Tuesday the 21st of July, silver is up almost 11.5% since last Tuesday!At a quarter to nine in the morning, the paper gold-to-silver ratio is in the mid-80s:Gold is moving up,...Read More

RAPAPORT... Swiss watch exports dropped heavily in June as continued slowdowns in Hong Kong and the US outweighed a recovery in China.Total shipments fell 35% year on year to CHF 1.13 billion ($1.21 billion), the fourth consecutive monthly decline, the Federation of the Swiss Watch Industry reported Tuesday. "Watch exports continued to fall sharply in June, albeit with some possible hints of...Read More

The European spot ferro-silicon market, which has been falling since March, appears to have found a floor due to near-term supply worries with production cuts and reduced export offers into Europe supporting offer prices, trade sources told Fastmarkets.The market, currently at a price last achieved in March 2016, plunged after consumers in the steel sector brought the cost of the feedstock down ag...Read More

RAPAPORT... Petra Diamonds has sold three exploration projects to Botswana Diamonds for $300,000, the mining companies announced Monday.The transaction includes Petra's KX36 project, a kimberlite in Botswana the miner discovered in 2010, as well as two other prospecting licenses in the country, and a bulk-sampling plant. Botswana Diamonds will acquire the assets by buying holding company Seka...Read More

RAPAPORT... Swatch Group, the owner of Harry Winston and Omega, recorded the first half-year loss in its history as the coronavirus devastated sales from February onward.Sales dived 46% to CHF 2.2 billion ($2.34 billion) in the six months ending June 30 as the pandemic forced the closure of up to 80% of stores. This led to a loss of CHF 308 million ($328 million), compared with a profit of CH...Read More

London Metal Exchange three-month base metals prices universally closed up on the previous day on Tuesday July 21, bolstered by the announcement on the European Union's ?,?750 billion ($857 million) fiscal package to fight the fallout of the global Covid-19 pandemic. The approval of the EU's recovery fund is expected to shore up a large amount of liquidity, which market participants anticipate wil...Read More