GOLD BENEFITS FROM UPTURN IN BULLION ETF BUYING AFTER APRIL 2021 4.2% ANNUAL USA AND 2.0% GERMAN INFLATION REPORTS 5/20/2021

ALUMINUM INDUSTRY – – DICHOTOMY BETWEEN LME SPOT ALUMINUM AND MIDWEST PREMIUM FUTURES PRICES VERSUS USED BEVERAGE CANS 5/1/2021

IRON ORE AND STEEL INDUSTRY – – CHINESE STEEL OUTPUT UP 15.6% IN 1Q WITH 3.03 MMT/DAY IN MARCH; MAY CONTRACT AT $180/T FIRMING 4/23/2021