UG2 chrome ore prices up on improved buyer sentiment

The UG2 chrome ore market ticked up for the first time since March of this year in response to increased buyer interest over the week to Tuesday May 11, sources said.

Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China price assessment was $150 per tonne on May 11, a rise of $1 (0.67%) from $149 per tonne a week earlier.
"The number of inquiries we received was the highest for three months," a chrome ore seller said. "Market fundamentals haven't really changed but market sentiment strengthened due to the bullish downstream steel sector and concerns over seaborne shipments amid volatile freight rates."
Similarly, the portside chrome ore market also firmed on renewed demand from smelters, sources said.

Traders reported deals to Fastmarkets at 26.50 yuan ($4.13) per dry metric...

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week