A pharmaceutical company CEO says that while the United States may have the capability to deliver coronavirus treatments - if and when available - that the US has limited capacity to manufacture said treatments.Continue...Read More

Tom welcomes back a past guest Jim Paterson who is Chairman and CEO of ValOre Metals Corp. He says, "It's time for people to get serious about the gold space and focus on projects that are advancing as those companies will get rewarded." The general investment community has yet to take a new interest in mining and gold. When attention returns, you will see movement first in the big names in mining...Read More

Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More

The battle between Elliott waves and supply/demand forecasting approach continues In case you just landed on Earth via Martian spaceship, 2020 has seen the biggest crash in oil prices ever.This chart captures crude's three-month, 80%-plus nosedive to 3-decade lows. (Price data as of May 1, 2020 and does not reflect the unprecedented April 20 plunge into negative territory at -$40.32. Yes, minus $...Read More

Ed Steer YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM09 May 2020 -- SaturdayThe gold price traded unevenly sideways to a bit lower until shortly before 1 p.m. China Standard Time on their Friday afternoon. It crept a bit higher from there until the high tick of the day was set at, or just before, the 10:30 a.m. BST morning gold fix in London. It was sold back to about the unchanged mar...Read More

By: Gary SavageThe most violent recoveries ever. The bad employment report sent markets rallying. Looking to fill the gap above before the daily cycle top..Gary SavageRead More

By: Ira EpsteinUnemployment data is not representative of the true situation. Gold's Bollinger upper band, on the monthly chart, is a resistance like a fence -- $1731 area. Weekly gold chart $26 from a record close. Is it a pennant?Read More

China produced 6.08 million tonnes of crude stainless steel in the first quarter of 2020, down by 9.04% from a year earlier, according to data released by the China Stainless Steel Council (CSSC) on Thursday May 7.Apparent consumption totaled 4.90 million tonnes in the first three months of this year, down by 806,100 tonnes or 14.12% from the same...Read More

$2,000, $5,000 or even the Jim Rickard’s $50,000 as the next target for gold. How realistic are these figures – could we see the yellow metal at $5,000 or even higher amid the coronavirus crisis? We invite you thus to read our today’s article and find out how high gold prices can go in this downturn. The first quarter of 2020 was clearly positive for the gold market, as the chart...Read More

Member mills of the China Iron & Steel Association (Cisa) raised their production rates in late April on steady demand and healthy profits, according to data released on Friday May 8.April 21-30 outputCrude steel: 2.01 million tonnes per day, up by 3.1%Finished steel: 2.04 million tpd, up...Read More

Gold-backed exchange-traded funds (ETFs) and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies without considering the true risk associated with many aspects of holding non-tangible assets. Gold ETFs are units representing physical gold in paper or dematerialized form, which is...Read More

The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More

Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More

By: Ira EpsteinUnemployment data is not representative of the true situation. Gold's Bollinger upper band, on the monthly chart, is a resistance like a fence -- $1731 area. Weekly gold chart $26 from a record close. Is it a pennant?Read More

Five LessonsChanges ComingAround the World from My HomeWe live in truly historic times. "There are decades when nothing happens, and weeks when decades happen," says a quote usually attributed to Vladimir Lenin. It certainly fits now.For thousands of years, people who lived through what we call "history" didn't realize it. We are the exceptions. We're seeing history and we know it. The Vietnam W...Read More

Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More

If ever there was a masterclass in the need to disaster-proof a supply chain, then the Covid-19 pandemic has provided a harsh reminder to the automotive sector that it's failing. It's a wake-up call for the industry, which, after a massive earthquake and tsunami hit Japan in March 2011, had vowed to end its "just in time" production philosophy and diversify its supply chain in orderto limit a repe...Read More

The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid-19 pandemic. For producers of energy-intensive metals like aluminium, and in particular the low-cost ones, the benefit is even greater. It's an emerging trend that is starting to be reflected in the earnings of corporates in...Read More

The Covid-19 pandemic may well provide Freeport-McMoRan with a silver lining it had never expected. The US copper producer is discussing with the government of Indonesia what should be done with the planned smelter in the Gresik region in the province of East Java. It has been forced to delay the completion timeline of December 2023 for the plant, due both to Covid-19-related disruptions to the wo...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: 'Sell the rally' mentality here to stayAlthough the London Metal Exchange aluminium price has managed to recover modestly from recent lows, we suspect this is mostly short-covering. The lack of producer restraint, growing exchange inventories, a weak demand outlook and the 7 million tonnes of oversupply forecast f...Read More