A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 3.Please click...Read More

Nickel's futures price on the London Metal Exchange plummeted by over 6% at the 5pm close on Wednesday March 3 following the news that Norilsk Nickel expects to stabilize flooding issues at two of its mines next week. The Russian company, the world's largest palladium and high-grade nickel producer, suspended operations at Oktyabrsky and Taimyrsky mines due to flooding from natural groundwater las...Read More

Seaborne premium hard coking coal prices in fob markets declined on Wednesday March 3 after buyers lowered their bid prices due to negative short-term sentiment. Fastmarkets indices Premium hard coking coal, fob DBCT: $124.68 per tonne, down $3.08 per tonne Premium hard coking coal, cfr Jingtang: $217.81 per tonne, up $0.50 per tonne Hard coking coal, fob DBCT: $117.66 per tonne, down $2.01 per to...Read More

Certain silver news stories circulating are misleading and are not actually evidence of a silver short squeeze but rather part of...Miguel Perez-Santalla interviewed on GoldCore TVWe're talking about the silver squeeze today with Miguel Perez-Santalla, the Head of Trading and Sales at Heraeus Metals, one of the worlds largest silver refining operations. Miguel's recent article expresses concern ab...Read More

The strength of the economic recovery in China in 2020 defied the expectations of most market observers. According to estimates by Fastmarkets, apparent consumption in the country rose by 9% in 2020 compared with a 12% fall in the rest of the world.Crucially, this increase in supply was a response to a boom in steel demand in the East Asian nation. In the first quarter of 2020, demand (or real con...Read More

The desperation is becoming more obvious by the day...by J. Johnson via JS MinesetGreat and Wonderful Tuesday Morning Folks, Late last night, I observed the hammer coming back to nail the precious metals lower. To me, the desperation is becoming more obvious by the day, as Gold reversed with the April contract at $1,725.50, up $2.50 after being dipped to $1,704.60 with the high to beat a...Read More

Goldman is raiding the SLV Inventories as they scramble for 1,000 oz. silver bars FOR DELIVERY ON THE COMEX!!by Bix Weir of Road to RootaGoldman Sachs has shown itself to be one of the criminal silver price manipulation conspirators! Jeff Currie of Goldman has now made "false and misleading statements" as an Authorized Participant in iShares SLV. Now Goldman is raiding the SLV Inventories as they...Read More

European producers of heavy steel plate increased their offer prices in the week to Wednesday March 3 following a rise in the cost of steel slab, sources have told Fastmarkets.Italian re-rollers have been offering plate at ?,?670-720 ($771-857) per tonne ex-works for April delivery products. These new prices, however, have not been heard in any confirmed transactions.As a result, Fastmarkets' week...Read More

Domestic prices in Europe for steel cold-rolled coil increased further over the week to Wednesday March 3 due to a material shortage, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?860-870 ($1,036-1,048) per tonne on March 3, up by ?,?10-20 per tonne week on week from ?,?840-860 per tonne.The assessment was based on achievabl...Read More

Nickel's futures price on the London Metal Exchange plummeted by over 6% at the 5pm close on Wednesday March 3 following the news that Norilsk Nickel expects to stabilize flooding issues at two of its mines next week. The Russian company, the world's largest palladium and high-grade nickel producer, suspended operations at Oktyabrsky and Taimyrsky mines due to flooding from natural groundwater las...Read More

Nornickel said it would review restarting two nickel and copper mines in the Polar Division on March 9, which were partially suspended on February 24 due to flooding, Fastmarkets understands.The amount of production lost at the Oktyabrsky and Taimyrsky mines, which reportedly account for more than one third of Nornickel's Russian ore, is unknown, but nickel prices on the London Metal Exchange dipp...Read More

Further deals for the supply of aluminium ingot to main Japanese ports (MJP) for the second quarter concluded on Wednesday March 3 at a premium of $148 per tonne cif MJP, market sources told Fastmarkets. The deals were agreed at a premium of $148 per tonne on top of the London Metal Exchange cash price, just below the level agreed in deals on Tuesday at $149 per tonne. Multiple market participants...Read More

RAPAPORT... India's gold-jewelry exports to the US have fallen over the past decade and a half following an erosion of the Asian country's preferential trade status, according to a report by industry leaders.Competitors in the Far East, Europe and the Middle East have captured market share from India since 2007, the Gem & Jewellery Export Promotion Council (GJEPC) said Tuesday. The shift...Read More

RAPAPORT... Sales of jewelry and other luxury items in Hong Kong slid again in January amid a fourth wave of the coronavirus and a later Lunar New Year.Revenue from jewelry, watches, clocks and other valuable gifts fell 32% year on year to HKD 3.37 billion ($434.3 million) during the month, the municipality's Census and Statistics Department reported Wednesday. Sales across all retail categories s...Read More

RAPAPORT... Alrosa has raised its production outlook for 2021 after rough-diamond demand picked up at the start of the year.The Russian miner plans to recover 31.5 million carats this year, an increase from its previous forecast of 28 million to 30 million carats, it said Tuesday. That would result in a 5% jump in output versus the 30 million carats Alrosa produced in 2020."When we report out...Read More

(IDEX Online) - Almost one in three brides-to-be (32 per cent) were disappointed by their fiance's choice of engagement ring, says a new study. More than one in 10 either said they'd been hoping for a larger diamond or had been hoping for something a little more unusual.Almost half (46 per cent) of the British women surveyed for Hatton Garden jeweler Queensmith said they'd have...Read More

The London Metal Exchange three-month copper price picked up above the $9,200 per tonne mark and aluminium neared its 2021 high in morning trading on Wednesday March 3, while the rest of the complex was largely stable following a rally of over 3.5% on copper and tin prices on Tuesday. Copper's price rose by 0.6% on Wednesday morning to around $9,225 per tonne, following increases since the start o...Read More

(IDEX Online) - Alrosa reported a 49 per cent fall in profits last year as the pandemic hit demand and forced the closure of its less profitable mines.But Q4 showed strong indications of a recovery, with revenue, earnings and profit all significantly up.The Russian state-owned miner saw 2020 profits tumble from $850m to $432m and output was down 22 per cent to 30m carats.It said increased sales in...Read More

(IDEX Online) - Sarine turned a $1.4m loss for 2019 into a $2.4m net profit for 2020, even though the pandemic saw revenue drop by a fifth. Sales of its diamond scanning machines and software were badly hit by four months of manufacturing lockdowns in India and nine months of restrictions on retail diamond sales globally.But the Israel-based company said it had operated profitably by taking s...Read More

Spot trading sentiment in the global copper market is low this week with buyers cautious on the high copper price and backwardation, leaving premiums mostly stable except for a slight rise in Rotterdam, sources told Fastmarkets on March 2. The London Metal Exchange cash-to-three-month copper spread is in a $49.75-per-tonne backwardation on March 2Copper buyers are hesitant after the recent copper...Read More