The U.S. Dollar recently corrected upward but now appears ready to continue its move downward and this should light a fire under the price of Silver and see it undergo a 30-day run to around $38 per troy ounce as illustrated in the chart below.  ConclusionThere is a regular cycle for Silver to rise that starts now and extends until August 11th. The last time that Silver entered that cycle was...Read More

China's domestic rebar prices decreased on Tuesday July 13 amid weak demand caused by unfavorable weather.DomesticEastern China (Shanghai): 5,080-5,100 yuan ($784-787) per tonne, down by 70-100 yuan per tonneHigh temperatures in eastern and southern China and heavy rain in northern China disrupted construction activity and sapped demand for rebar.Such adverse weather...Read More

Chinese automobile production and sales continued to decline in June - both month on month and year on year - amid a sustained global shortage of semiconductors, the China Association of Automobile Manufacturers (CAAM) said last week.But the new energy vehicle (NEV) segment continued to strengthen last month, with sales notching a new record high.China's NEV output increased by 14.3% from May to 2...Read More

Magnitogorsk Iron & Steel Works' (MMK) Metalurji subsidiary in Turkey has started trial production of hot-rolled coil, the Russian company announced on Monday July 12.Located in the Iskenderun region, the mill halted operations at its meltshop and compact strip mill in late 2012. "The current situation allows us to resume operations at the electric-arc furnace facility, which is a very important...Read More

China's central bank is freeing up 1 trillion yuan ($154 billion) via a reduction of banks' reserve requirement ratio (RRR) - the amount of cash that these institutions must have in their reserves - to support the Chinese economy.But not all sectors will reap the benefits of the measure, market sources told Fastmarkets.The People's Bank of China said last Friday July 9 that the RRR for commercial...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 13 that are worth another look.European steel association Eurofer has called for the Carbon Border Adjustment Mechanism (CBAM) and the EU Emissions Trading System (ETS) to be balancing mechanisms without any further reductions in free...Read More

Widespread violence and looting have triggered declarations of force majeure at ports in South Africa's KwaZulu-Natal, threatening to stall exports of chrome and manganese.Transnet, the South African national logistics service, declared force majeure on Monday July 12 for operations at the ports of Durban and Richards Bay.The violence "has now reached proportions beyond the control of the local la...Read More

Prices in the British market for steel scrap deliveries to domestic steelmakers have increased for the third straight month, sources said on Tuesday July 13.They cited tight supplies, notably from arisings in car production, and steady exports into deep-sea markets, with unusually strong demand from the United States.Suppliers have agreed on a general increase of ?5 ($7) per tonne for scrap, alth...Read More

Due to a reporter error, the United States tin premiums for Tuesday July 13 were published in Fastmarkets' price book five minutes later than the scheduled time of 3pm GMT.Fastmarkets' fortnightly assessment of the tin, 99.85% ingot premium, in-whs Baltimore, and the tin grade A min 99.85% ingot premium, ddp Midwest US, were published at 3.05pm on Tuesday.For more information, or to provide feedba...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 13 that are worth another look.European steel association Eurofer has called for the Carbon Border Adjustment Mechanism (CBAM) and the EU Emissions Trading System (ETS) to be balancing mechanisms without any further reductions in free...Read More

What does the 50-Year Fluke mean for gold & silver?Francis Hunt with Patrick V. on Silver Bullion TV Francis Hunt: 2020 Record High in Gold Silver Ratio Could Point to Single Digit Ratio AheadWe are joined on Metal Money by Francis Hunt, Founder of The Market Sniper, who asks, "Can I say the bigger the move to the upside on the gold-silver ratio, the greater the subsequent reaction to the downside...Read More

Futures prices for nickel, aluminium and tin were higher at the 5pm close on July 13 on the London Metal Exchange, despite a spike in the United States Dollar Index after the release of US consumer price index readings. Aluminium's three-month price was the best performer on the LME on Tuesday, with a 1.8% gain on Monday's price to $2,535.50 per tonne. Over 15,000 lots of aluminium were traded by...Read More

Iron ore prices largely went up on Tuesday July 13 after China's June imports data was released and with relatively low shipments from Australia.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $218.48 per tonne, up by $0.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $221.46 per tonne, up by $0.86 per tonne58% Fe fines high-grade premium, cfr Qingdao: $178.66 per tonne, down by $2.73 pe...Read More

Seaborne coking coal prices stayed large stable in both the cfr and fob markets on Tuesday July 13 because buying interest was weak in the face of elevated offer prices, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $210.27 per tonne, down by $0.26 per tonnePremium hard coking coal, cfr Jingtang: $307.98 per tonne, down by $0.82 per tonneHard coking coal, f...Read More

RAPAPORT... The diamond industry has come out of the Covid-19 pandemic much better than expected. While many have gone through and continue to go through extremely difficult times, some companies, particularly large firms, have prospered. For the first four months of 2021, total Indian polished exports were up 76% year on year, US polished imports rose 56% and rough sales at Alrosa and De Beers in...Read More

RAPAPORT... China's diamond trade bounced back in the first half of the year as the country's economy recovered from the Covid-19 pandemic.Polished imports - after returns of unsold goods - came to $1.58 billion, more than for all of 2020 and 49% higher than in the same period of 2019, the Shanghai Diamond Exchange (SDE) reported Monday. Total rough and polished shipments in and out of the SD...Read More

RAPAPORT... Israel's polished-diamond exports jumped in June, albeit at a gentler rate than in previous months, as the country's trade benefited from a rebound in global demand.Shipments after returns rose 75% year on year to $289.7 million for the month, the Ministry of Economy and Industry said Monday. Export volume increased 66% to 125,119 carats, while the average price advanced 6% to $2,...Read More

RAPAPORT... Nearly one-third of consumers increased their spending on jewelry during the pandemic, according to a survey by The Plumb Club.Much of that was due to participation in remote meetings, The Plumb Club said Monday. Some 41% of respondents stated they were more tempted to wear jewelry that was easily visible during online gatherings, and 23% indicated they were wearing jewelry more freque...Read More

(IDEX Online) - Diamond jewelry that belonged to Sammy Davis Jr is to be auctioned next week (20 July).Five lots are being offered at the Bonhams California Jewels sale, among them a fancy brown diamond ring seen in many performance photos (estimated at $7,000-9,000).Davis, who died in 1990, was an icon of the US entertainment industry and part of the "Rat Pack", alongside Frank Sinatra, Dean Mart...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.To quote Elon Musk, “We are running the most dangerous experiment in history right now, which is to see how much carbon dioxide the atmosphere can handle before there is an environmental catastrophe.” What was once a heate...Read More