Gold sends a signal.Silver is a volatile metal.The buyers will eventually come back to the silver market.Technical levels in silver can be misleading.Three reasons that silver is getting ready to make a move higher.Silver can be the most volatile metal in the precious metals sector as it tends to post the most significant price changes on a percentage basis. Throughout history, silver has made som...Read More

Investing.com - Gold prices backed away from five-week highs on Tuesday as the dollar pushed higher and risk appetite was revived by hopes that the threat of a trade war between the U.S. and China could be averted.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange slipped $3.4 or 0.26% to $1,351.70 a troy ounce by 04:40 AM ET (08:40 GMT).The U.S. dollar index...Read More

Gold (XAU/USD) risk reversals rise to highest level since Sep. 6, indicate strong bullish bias.  A sharp rise in the risk reversals indicates scope for a bullish break in gold.  The XAU/USD one-month 25 delta risk reversals (XAU1MRR) are being paid at 1.025 XAU calls vs. 0.525 XAU puts. It indicates the implied volatility premium for XAU calls is now more than those for XAU puts, i.e....Read More

Comex copper prices recovered Tuesday March 27 morning in the US amid easing tensions between the US and China.Copper for May settlement on the Comex division of the New York Mercantile Exchange rebounded 1.25 cents or 0.4% to $2.9825 per lb. Yesterday, the contract collapsed to a September-2017 low."While we treat the current rebound in copper prices cautiously, we are comforted that the copper p...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 27*.Copper -$84.75 (-530.86 yuan) Aluminium -$382.83 (-2,397.94 yuan) Zinc -$96.94 (-607.20 yuan) Nickel -$635.82 (-3,982.58 yuan) *Metal Bulletin calculates the physical arbitrage for...Read More

Emergent Technology Holdings is hoping to digitally encode the gold supply chain using blockchain tech in the first half of this year. This isn't the only attempt at tracking gold on a blockchain, but the company said its approach is "fundamentally different" from what others have adopted so far in part because of its focus on "responsibly sourced gold." Olivia PohPublished 21 Hours AgoUpdated...Read More

The proposal by Philippine politicians to ban the export of unprocessed mineral ores to boost domestic processing has yet to make further progress, Patricia Bunye, senior partner at law firm Cruz Marcelo & Tenefrancia in the Philippines, said. "It's not catching fire as the industry knows the limitations of infrastructure in the country," Bunye told Metal Bulletin on the sidelines of the Mining In...Read More

Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) is negotiating with authorities in the United States to obtain quotas to export slab, tinplate and "some volumes" of hot-rolled coil without tariffs linked to the Section 232 investigation."Negotiations are at full steam, and [the US] will apply voluntary restraint agreements - country by country," CSN commercial executive director Luis Fe...Read More

TimkenSteel will raise its special bar quality (SBQ) product prices by $50-150 per ton effective Wednesday March 28, the company said in a leading move on Tuesday. The move comes after SBQ mills in the United States slated base price increases effective with April 1 shipments. US producers raised SBQ base prices three times...Read More

Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) expects to conclude asset sales worth 2-3 billion Reais ($604-906 million) this year, in order to reduce its debt levels."You can expect in 2018 a de-leveraging of 2-3 billion [Reais], with respect to asset sales, and we are committed to this effort, along with additional efforts in operation performance," chief executive....Read More

Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) made adjusted earnings of 1.20 billion Reais ($363 million) in the fourth quarter of 2017, the company said late on Monday March 26.The quarter's figure for adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) compared with adjusted Ebitda of 1.25 billion Reais in the corresponding period of 201...Read More

Brazilian steel producer Companhia Sider??rgica Nacional (CSN) is planning an increase of 7.50% in its flat steel prices to distributors and industrial clients in June, Metal Bulletin has learnt."I expect our revenues to grow by 20% this year, considering volumes and prices," chief executive officer Benjamin Steinbruch said on Tuesday March 27.The increase is due to a better domestic market and hi...Read More

The latest metal markets news and price moves to start the North American day on Tuesday March 27. Base metals prices on the London Metal Exchange were higher across the board during morning trading. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US...Read More

At Metal Bulletin's 19th Asian Ferro-alloys conference in Hong Kong on March 20-22, Asia editor Shivani Singh asked delegates questions about the three Ps: products, prices and places.Click on the image above to download the results of the poll. Read More

Brazil-focused Canadian vanadium producer Largo Resources' revenue in the 2017 fiscal year, ended on December 31, more than doubled from 2016, the company said in its annual report Friday March 23.The company achieved a revenue of C$167,723 ($130,849) in 2017, a 106% surge from the C$81,233 achieved in the same period of 2016. Its V2O5 production increased 16.7% from 2016, reaching 9,297 tonnes. V...Read More

Anglo American has resumed iron ore output at its Brazilian Minas-Rio operation on Tuesday March 27, following an approval granted by the country's environmental institute, Ibama.Operations will return to their normal pace immediately, the miner told Metal Bulletin.The company stopped iron ore production at Minas-Rio on March 12, after a slurry pipeline designed to transport material from the mini...Read More

Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR and PT Adaro Energy, an Indonesian listed coal company, for the sale of its 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion."The sale of Kestrel, together with the announced divestments of Hail Creek and our undeveloped coal projects, delivers excepti...Read More

Turkish deep-sea scrap import prices have inched downward after slightly lower offers were heard from the Baltic Sea region on Tuesday March 27.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $366.95 per tonne cfr, down by $1.15 per tonne day-on-day.The daily index for similar US-origin scrap closed at $376.96 per tonne cfr, down...Read More

European steel association Eurofer has called for a quick decision in the region's safeguard case investigating imported steel, it said on Tuesday March 27.The European Commission (EC) started the safeguard case into 26 steel product types on March 26, in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU."The investigation must act fast an...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of...Read More