Gold is better bid today, printed session highs above the 200-day MA resistance. Chinese state media expresses caution ahead of trade talks. Having defended the psychological support of $1,300 earlier this week, gold (XAU/USD) is now looking to scale the all-important 200-day moving average (MA) located at $1,308 in a convincing manner. The yellow metal created a bullish inside day candle yester...Read More

Yamana Gold (TSX:YRI)(NYSE:AUY) announced today that gold production exceeded its plan for the first quarter of 2018.In a media statement, management detailed that gold equivalent ounce production from Yamana mines for the first quarter was 211,246, including 199,555 ounces of gold and 899,261 ounces of silver. Total attributable gold production was 248,088 ounces of gold, including attributable p...Read More

The Turkish deep-sea scrap markets have been quiet on Thursday May 3 while steel mills in the country and their scrap suppliers continued to negotiate prices for cargoes to be delivered in May.The steel producers have so far booked around 20 deep-sea cargoes for May, and have seen an uptick in offer prices. They then went quiet in the deep-sea markets at the end of last week.Current offer prices f...Read More

Bradley Levitan and William Copp have left London Metal Exchange category I member INTL FCStone, sources said. Copp has joined rival trading firm ED&F Man Capital Markets, according to his LinkedIn page, with sources saying Levitan will also join him...Read More

The latest news and price moves to start the Asian day on Friday May 4.Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc diving to its lowest point since August 2017. Read more in our live futures report.Here are how prices looked at Thursday's close:Teck Resources has signed annual zinc concentrate supply deals with Europea...Read More

Comex copper prices were spurred higher during the morning session on Thursday May 3 after the US Federal Reserve decided to maintain the Fed Funds rate, pressuring the dollar lower. Copper for July settlement on the Comex division of the New York Mercantile Exchange gained 2.35 cents or 0.8% to $3.0920 per oz. "The blip higher in the LME copper price this morning is encouraging though buyers need...Read More

Summary of Glencore's production results for the first quarter of 2018(own-sourced output volume, year-on-year % change).Copper 345,400 tonnes, +7% Zinc 242,700 tonnes, -13% Lead...Read More

The latest metal markets news and price moves to start the North American day on Thursday May 3. Base metals on the London Metal Exchange were broadly positive during morning trading, with copper leading the complex's blanket gains after climbing 1.1%."The base metals have been looking weak, but some dip-buying has emerged today, with the likes of nickel, aluminium and copper seeing buying over th...Read More

Base metals on the London Metal Exchange were broadly positive during morning trading on Thursday May 3, with copper leading the complex's blanket gains after climbing 1.1%. Base metals on the London Metal Exchange were broadly positive during morning trading on Thursday May 3, with copper leading the complex's blanket gains after climbing 1.1%.The red metal has gathered support during the morning...Read More

Buying activity for imported flat-rolled steel might slow in the United States, due to deep uncertainty around steel prices created by the Section 232 tariffs and quotas.Prices for imported flat-rolled steel are in a wide range, with some countries making offers inclusive of 232 tariffs while others did not account for the trade duties.Buyers and sellers seemed unable to agree on the direction for...Read More

Crude steel output in Colombia dropped by 26.96% year-on-year in March 2018, according to figures released by the Colombian Committee of Steel Producers earlier this week.Production totaled 85,348 tonnes for the month, compared with 116,855 tonnes in March 2017.On a monthly basis, March's crude steel output declined by 16.50%, from February's level of 102,214 tonnes.The reduction in the country's...Read More

The purchasing managers' index (PMI) for the Eurozone manufacturing sector fell to a 13-month low in April this year due to a slowdown in growth across five of the eight nations covered, data supplier IHS Markit said on Wednesday May 2.The final rating for April was 56.2, down from 56.6 in March, after the sector experienced its fourth consecutive rating fall so far this year.A figure higher than...Read More

Turkey exported 336,840 tonnes of flat steel products in March 2018, according to the Turkish Statistical Institute (TUIK).This volume was down by 30.47% year-on-year from the 484,463 tonnes exported in March 2017, the institute said.The total exported included 223,581 tonnes of hot-rolled flat steel, down by 35.78% year-on-year from 348,171 tonnes in March 2017.Cold rolled flat steel made up 13,1...Read More

The price of steel billet imported into Egypt increased slightly this week while local rebar prices were unchanged, sources told Metal Bulletin on Thursday May 3.The country's biggest producer, Ezz Steel, is still offering rebar at E ?12,528 ($707) per tonne ex-works, including 14% VAT, while Beshay Steel, also a major domestic producer, is offering rebar...Read More

Turkish domestic and export billet prices have increased over the past week, which reflects a recovery both in demand and in domestic long steel prices, sources said on Thursday May 3.Metal Bulletin's weekly price assessment for domestic billet was $535-540 per tonne ex-works, narrowing upward from $530-540 per tonne last week.A weakening of the lira against US dollar was propelled domestic rebar...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletCIS, export, billet, traded at $533 per tonne...Read More

Turkish domestic prices for rebar and wire rod have recovered by $10-15 per tonne because of stronger demand over the past week, sources said on Thursday May 3.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $570-580 per tonne ex-works, compared with last week's $555-570 per tonne.The domestic prices climbed in line with the strengthening of the US dollar against the Turk...Read More

South African miner Kudumane Manganese Resources (KMR) has delayed deliveries of some of its manganese ore shipments following heavy rains in the country's Northern Cape region.Supplies from the company's mine in Northern Cape will be affected until August, KMR said."The heavy rains did necessitate the rescheduling of one or two shipments over [May-August]," KMR chief executive officer Thembelani...Read More

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday April 27Ferro-vanadiu...Read More

Physical iron ore prices were rangebound on Thursday May 3 amid mixed signals from the futures and steel markets.Metal Bulletin 62% Fe Iron Ore Index: $66.87 tonne cfr Qingdao, down by $0.11 per tonne Metal Bulletin 58% Fe Premium Index: $56.02 per tonne cfr Qingdao, up by $0.08 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, unchanged Metal Bulletin 62% Fe China Port...Read More