Gold miners are in a relative strength positions versus the S&P 500.This rare occurrence reflects intermediate-term investment demand.Gold stock internal momentum suggests higher prices are ahead.After months of lagging the gold price, as well as the S&P 500 Index (SPX), gold mining stocks have come into their own this summer. The gold miners are now among the market's top-performing group...Read More

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex."The complex continues to see cash sellers reign on the second-ring closes," Marex Spectron's morning report said. "And these have therefore presented a go...Read More

The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets. Fastmarkets understands that there was a warehousing committee meeting on Thursday July 19, during which plans on the warehousing reforms were put to warehousing members. Under the new proposal, warehouses will be ab...Read More

Physical iron ore prices rebounded on Friday July 19 amid gains in the futures markets.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $121.79 per tonne, up by $1.89 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $121.71 per tonne, up by $1.89 per tonne.Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $122.81 per dry metric tonne...Read More

Monetary policy coupled with technical indicators mean you "need to be involved in precious metals," according to The Gold Guru founder Greg Weldon.He likes buying the VanEck Vectors Gold Miners ETF (GDX), which is breaking out versus gold and equities, at current levels.Other ways Weldon likes playing precious metals include silver miners, and specifically First Majestic Silver (AG). The Gold Gur...Read More

SD Friday Wrap: Did we just get THE break-out in silver that we've been looking for?What a weird day.I woke up with the song "Bohemian Rhapsody" in my head.Only, it went like this:"Is this the break-out, is this just fantasy,Caught in the COMEX,No escape from the paper thieves".And then my morning got weirder.A silver DeLorean passed me on the interstate this morning.I haven't seen a DeLorean on t...Read More

"If there was just one trade to be made...we would suggest it being the short position in the precious metals market right now."by Przemyslaw Radowski via Sunshine ProfitsIf we had to pick one day, or one situation when a single market provided most indications during a single day, it would be yesterday's performance of silver.There's not much to say about yesterday's session while looking at gold...Read More

Silver price has broken above the symmetrical triangle formation. What needs to happen next? Here's what the charts are signaling...by Steve St Angelo of SRSrocco ReportWhile the silver price has broken above the symmetrical triangle formation, it still has a few key levels to surpass to continue its upward trend. However, it was crucial for silver to first break upwards rather than down from th...Read More

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex."The complex continues to see cash sellers reign on the second-ring closes," Marex Spectron's morning report said. "And these have therefore presented a go...Read More

Offer prices for South Korea-origin hot-rolled coil (HRC) exported to India have increased by at least $5 per tonne to $535-540 per tonne cfr Mumbai for shipments in August, Fastmarkets heard on Friday July 19.HRC from South Korea was last booked about a month ago at $530-535 per tonne cfr Mumbai.Importers, however, were currently not keen on booking HRC shipments for fear of the imposition of a s...Read More

MMG's production results for the second quarter of 2019 and the full-year production guidance.Second quarter production total, year-on-year percentage changeCopper cathode production - Kinsevere 16,463 tonnes, -20% Copper metal in concentrates - Las...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world's two largest economies. Deliverable copper stocks at SHFE-approved warehouse rose by 9,241 tonnes to 154,520 tonnes in the week to Ju...Read More

The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets. Fastmarkets understands that there was a warehousing committee meeting on Thursday July 19, during which plans on the warehousing reforms were put to warehousing members. Under the new proposal, warehouses will be ab...Read More

The price range for grade-304 flat stainless steel products in Europe narrowed upward this week, with participants anticipating an increase in the alloy surcharges for August, sources told Fastmarkets on Friday June 19.Nickel prices increased sharply over the two weeks to July 19, leading sources to predict that monthly surcharges will rise or, at the very least, not decrease as they have for the...Read More

The zinc price has been fluctuating so much this year that analysts still cannot agree on where it is headed. Commodities researchers from major banks surveyed by Fastmarkets differed by $500 per tonne on their second-half 2019 forecast - that is 23.7% of the galvanizing metal's current value. At $2,460 per tonne at the open on Friday July 19, the LME three-month zinc contract was just $10 down fr...Read More

North China copper smelter Baiyin Nonferrous Group's one-month shutdown in July has had limited impact on copper concentrates and outright copper prices in China, market sources told Fastmarkets. Baiyin Nonferrous Group will restart its 200,000-tonne-per-year smelter by the end of July after the facility was suspended in late June to complete a flash furnace upgrade, market sources told Fastmarket...Read More

Prices of steel sheet products in the United States edged up during the week to Friday July 18, tracking an increase in the price for domestic hot-rolled coil.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US, stood at $35.50 per hundredweight ($700 per short ton) on July 18, up by 50 cents per cwt - or 1.4% - from one week earlier.Fastmarkets' price assessments for hot-d...Read More

The Brazilian government has imposed a definitive anti-dumping duty on imports of non-grain-oriented (NGO) electrical steel products from Germany, it announced in its official gazette on Friday July 19.The duty will be imposed at a rate of $166.32 per tonne, for a period of one year, according to a decision published in the gazette. After this period, the measure may be renewed, changed or suspend...Read More

Export prices for Brazil-origin slab remained stable for a second consecutive week on Friday July 19, with raw materials costs still high and deals sparse amid weak demand.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, $/tonne, was $420-430 on Friday July 19, unchanged from the previous week.Offers for Brazilian slab remained at $420-430 per t...Read More