Base metal stocks Articles

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 11-15, 2017)

Sep 13 2017 / Staff reporter

SHANGHAI, Sept. 13 (SMM) - Base metals advanced early last week, but tumbled in late week. This week, prices are expected to fall initially and then rise. LME 3-M (USD/mt)SHFE 3-M (RMB/mt)Copper6,700-6,87051,000-52,500Aluminum2,065-2,11515,600-16,200Zinc3,050-3,15024,000-25,000Lead2,260-2,33018,500-19,050Tin20,500-20,900143,000-146,500Nickel11,750-12,30091,500-96,000For news cooperation, please co...Read More

Spot Premiums to Expand in Shanghai Copper Market (2017-9-13)

Sep 13 2017 / Staff reporter

SHANGHAI, Sep. 13 (SMM) - Market should eye China August credit data and LME copper stock changes today. Other base metals rallied yesterday, but LME copper still hovered at lows due to big growth in stocks. Good performance in other base metals will put a floor under copper prices. Copper prices may face further downward corrections, but will regain upward momentum after corrections. LME coppe...Read More

UPDATE 1-Australia's Newcrest restarts output at part of quake-damaged gold mine

Sep 12 2017 8:51PM / Reuters

* Newcrest restarts second part of its key gold mine* Cadia mine was damaged by earthquake in April (Adds detail, outlook)Sept 13 (Reuters) - Australia's Newcrest Mining Ltd on Wednesday said it had restarted production at a second part of its flagship Cadia gold mine, which was damaged in an earthquake in April.Australia's largest independent gold miner said output had started in Cadia's 'Panel...Read More

Australia's Newcrest Mining restarts production at part of Cadia mine

Sep 12 2017 8:07PM / Reuters

Sept 13 (Reuters) - Australia's Newcrest Mining Ltd said on Wednesday it has restarted production at a second part of its flagship Cadia mine, which was damaged in an earthquake in April.Australia's largest independent gold miner said it expects Cadia East production rates to be fully restored to normal by end of March 2018.In April, an earthquake forced the company to suspend operations, cutting...Read More

Muted Action as Gold Finds its Footing

Sep 12 2017 5:41PM / Kitco Commentary

Consider this: Since July 10th of this year, gold prices have moved from $1200 per ounce to last week's high of $1363, a new record for the year. In other words, in roughly ten weeks, gold prices have seen an increase of value of $160, which translates to an 8 % gain. Given that kind of steep price ascent, one would expect a cycle of peaks and troughs, stair steps to higher pricing. On a technica...Read More

Tanzania Seizes $15M Worth Of British Diamonds, Plans To Nationalize

Sep 12 2017 4:10PM / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us. Image Courtesy of Petra Diamonds (Kitco News) - The Tanzanian government made another bold move against miners, this time seizing millions worth of diamonds from a British mining company.The East African nation said it is planning to nati...Read More

London Metal Exchange (LME) Stock Data Report : Invenntory Today : 12/09/2017

12/09/2017 2:21 PM / FREE TIPS

LONDON METAL EXCHANGE (LME) STOCK DATA REPORTINVENTORY TODAY : 12/09/2017 Aluminium -1100 MT,Copper +10300 MT,Nickel +12 MT,Lead -250 MT,Tin +50 MT,Zinc +13550 MTRead More

Gold Weaker Amid Upbeat Trader/Investor Attitudes...For Now

Sep 12 2017 12:38PM / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.(Kitco News) - Gold prices were ending the U.S. day session moderately lower Tuesday. A "risk-on" trader and investor mentality in the marketplace early this week is keeping the safe-haven gold bulls in check. More profit taking was featured a...Read More

Is Gold Overpriced? This Bullish Firm Thinks So

Sep 12 2017 11:01AM / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.(Kitco News) - Even though geopolitical tensions could push gold to much higher levels, currently the precious metal remains overpriced, says one expert. "Gold has the ability to test $1,400 by the year-end," Barry Canham, CEO of INTL FCStone...Read More

Equity And Dollar Strength Likely Temporary

Sep 12 2017 8:29AM / Kitco Commentary

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.(Kitco News) - The relief rally in equities and the dollar has taken some shine off the metals but risks remain for lower targets in both of the groups. Gold has holding around the $1,328 minor support level, with a stronger line around $1,322...Read More

Standard Chartered: Electric Cars Won't Take Away PGM Demand For Years

Sep 12 2017 8:16AM / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.Standard Chartered does not look for battery-powered vehicles to detract from demand for platinum group metals for at least the next eight years. Electric vehicles have become a "hot topic" in the PGM markets, the bank says. A rapid expansion...Read More

Chile Copper Export Value Surges 33.7 Per cent YoY in August

Sep 12 2017 01:22 AM / Staff reporter

SHANGHAI, Sept. 12 (SMM) - Chile's export value of mineral products reached $3.3 billion in August, up 34.5 per cent from $2.46 billion seen the same period of last year, and up 22.4 per cent MoM, the highest level since December 2014, according to its central bank. In August, export value of copper products totaled $2.99 billion, up 33.7 per cent from $2.24 billion in the same period of last year...Read More

SMM Price Outlook for Base Metals on SHFE (Sept. 12, 2017)

Sep 12 2017 01:05 AM / Staff reporter

SHANGHAI, Sept. 12 (SMM) - On Monday's night trading, base metals extended rallies, and eyes should be on price support at the 40-day moving average. ProductPrice RangeCopper51,650-52,100Aluminum16,500-16,700Lead18,800-19,100Zinc24,820-25,250Tin144,000-146,000Nickel92,000-93,000Unit: yuan/tonneSource: SMMFor news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.Read More

SMM Price Outlook for Base Metals on SHFE (Sept. 12, 2017)

Sep 12 2017 01:05 AM / Staff reporter

SHANGHAI, Sept. 12 (SMM) - On Monday's night trading, base metals extended rallies, and eyes should be on price support at the 40-day moving average. ProductPrice RangeCopper51,650-52,100Aluminum16,500-16,700Lead18,800-19,100Zinc24,820-25,250Tin144,000-146,000Nickel92,000-93,000Unit: yuan/tonneSource: SMMFor news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.Read More

SMM Price Outlook for Base Metals on SHFE (Sept. 12, 2017)

Sep 12 2017 01:05 AM / Staff reporter

SHANGHAI, Sept. 12 (SMM) - On Monday's night trading, base metals extended rallies, and eyes should be on price support at the 40-day moving average. ProductPrice RangeCopper51,650-52,100Aluminum16,500-16,700Lead18,800-19,100Zinc24,820-25,250Tin144,000-146,000Nickel92,000-93,000Unit: yuan/tonneSource: SMMFor news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.Read More

ASIAN MORNING BRIEF 12/09: Base metals start week on positive note; manganese ore prices jump; Chinese ferro-chrome weakens

September 12, 2017 / Dalton Barker AMM

The latest news and price moves to start the Asian day on Tuesday, September 12.Base metals prices on the London Metal Exchange all ended...Read More

Copper backwardation collapses on LME deliveries, rumours of more to follow

September 12, 2017 / Archie Hunter

A fierce copper backwardation on the London Metal Exchange collapsed on Tuesday September 12 as deliveries onto the bourse were followed by persistent rumours of more to come, in keeping with a trend that has persisted throughout 2017 so far.The LME's nearby cash/September copper spread reversed a $17 backwardation in early morning trading to a $2 per tonne contango by 15:39 UK time. At the same t...Read More

LIVE FUTURES REPORT 12/09: LME copper, zinc dip lower; aluminium continues to edge higher

September 12, 2017 / Alice Mason

Copper and zinc prices on the London Metal Exchange fell further this afternoon, Tuesday September 12, following large warehouse inventory increases.Further downside pressure on copper comes following a dip of more than $200 per tonne at the end of last week, as the metal continues to sit in a corrective phase following its surge to a three-year high during the summer. "Before the weekend a lot of...Read More

LIVE FUTURES REPORT 12/09: Comex copper erases gains; market in correction

September 12, 2017 / Dalton Barker AMM

Comex copper prices sagged on Tuesday morning in the USA, with technical selling once again playing a major role.Copper for December delivery on the Comex division of the New York Mercantile Exchange dipped 3.30 cents or 1.1% to $3.0330 per lb. The contract is trading at the lowest point since late August. After sustaining heavy losses in two of the past three sessions, the red metal is entering a...Read More

FREE WEB SEMINAR: How Metal Bulletin prices illiquid markets: minors and alloys - catch-up

September 12, 2017 / Charlotte Radford

Did you catch the Metal Bulletin web seminar discussing its pricing of illiquid minor metals and alloys markets on September 12?If not, follow the link below to listen to the free recording: How Metal Bulletin prices illiquid markets: minors and alloys During the web seminar, Metal Bulletin's...Read More