TODAY ZINC INTRADAY CALLSToday Zinc Intraday – Buy Mcx Zinc Aug at Current Price 177.80 for Target 180 – 181 with SL below price 175.10. RISK Taker trade 2 lots Read More
Gold is headed for its fourth straight monthly decline in July, the longest such streak since 2013, points out commodities brokerage SP Angel. This has occurred as investors turned to the U.S. dollar as the Federal Reserve remains on a path of monetary tightening, plus global trade tensions flare, the firm adds. As of 9:28 a.m. EDT, Comex December gold was down $2.80 for the day to $1,228.70 an o...Read More
Kirkland Lake Gold (TSX, NYSE: KL: ASX: KLA) reports that drilling exploration has resulted in high-grade gold intercepts in the Swan Zone at the Fosterville Mine in Australia. This likely will mean additional growth in mineral reserves, the company says. Key intercepts included 191 grams of gold per tonne over 2.6 meters, 134 g/t over 13.8 meters and 167 g/t over 3.85 meters. “The new drill...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Not much has changed in the gold world, as rally attempts are immediately met at the door by sellers. There appears to be no hope for the metals. Even Vanguard is throwing in the towel on one of its gold funds. All hope is lost...or is it? Like with any market, the metals markets go through different phases and trends. The trend is down and until there is a reason to believe that has changed, sell...Read More
The latest news and price moves to start the Asian day on Tuesday July 31.Base metals on the London Metal Exchange ended mostly higher at the close of trading on Monday July 30, with aluminium and lead's 1% climb leading the way. Read more here in our live futures report.Here are how prices looked at the close of trading:ArcelorMittal has presented Italian authorities with a list of the addit...Read More
Base metals on the London Metal Exchange moved higher at the close of trading on Tuesday July 31, supported by easing trade relations between the United States and China amid broad stock drawdowns and a seasonal summer slowdown. Both copper and nickel prices broke past nearby resistance levels in the afternoon rally, with aluminium the only metal to trade in negative territory. Edging back ab...Read More
Comex copper prices recovered after a three day downturn with talks of a strike at Escondida mine spurring the red metal higher.Copper for September settlement on the Comex division of the New York Mercantile Exchange rose 2.30 cents or 0.8% to $2.8150 per lb.With a potential strike looming, production cuts at the Chilean mine have historically affected the...Read More
A summary of Glencore's second quarter production results for the three months ended June 30 (own-sourced output volume, year-on-year change):Copper - 350,800 tonnes, +10%Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Own-source copper sales during the period were some 32,000 tonnes lower due to timing of shipments H1 2018 production was up 8%...Read More
Prices for low-grade and high-grade manganese ore continued to diverge over the past week, with those for lower-grade material falling while quotations for higher-grade ore rose on the back of last-minute trades concluded at higher prices. Low grade ore prices slide while higher grade rises Chinese silico-manganese prices strengthen Indian silico-manganese prices dip at low end ...Read More
A summary of Glencore's second quarter production results for the three months ended June 30 (own-sourced output volume, year-on-year change):Copper - 350,800 tonnes, +10%Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Own-source copper sales during the period were some 32,000 tonnes lower due to timing of shipments H1 2018 production was up 8%...Read More
Prices for low-grade and high-grade manganese ore continued to diverge over the past week, with those for lower-grade material falling while quotations for higher-grade ore rose on the back of last-minute trades concluded at higher prices. Low grade ore prices slide while higher grade rises Chinese silico-manganese prices strengthen Indian silico-manganese prices dip at low end ...Read More
Unionized workers at the Escondida copper mine in Chile are likely to vote unanimously to strike when ballots are counted on August 1, union officials told Metal Bulletin."60% of our associates have already voted, which means workers are more united than ever, giving their full support to union representatives and the call to vote strike," officials from Escondida's main union, Sindicato No1, in a...Read More
Charge chrome and ferro-chrome prices weakened in China last week amid poor demand and a protracted standoff in the ore market. Charge chrome import prices weaken in ChinaUG2 chrome ore prices drop in China Alloy prices fall in South Korea, Japan European, US alloy prices steadyImported chrome prices weakened in China on Friday July 27 due to poor demand that has left the chrome ore market in a st...Read More
With the trial of suspects involved in the Fanya Metal Exchange finally taking place earlier this month in Kunming, China, concerns of the vast minor metals stocks the exchange held have re-emerged. A two-day public trial took place at Kunming Intermediate People's Court, Yunnan province, on June 30 to July 1, accusing four companies and 21 defendants of violating national law and illegally raisin...Read More
A summary of Glencore's second quarter production results for the three months ended June 30 (own-sourced output volume, year-on-year change):Copper - 350,800 tonnes, +10%Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Own-source copper sales during the period were some 32,000 tonnes lower due to timing of shipments H1 2018 production was up 8%...Read More
A crackdown on the quantities of waste included with scrap material imported into China has created a global glut in scrap supply, pushing down achieved prices in the European ferrous and non-ferrous markets.China submitted a document to the World Trade Organization in July last year informing the group that it would no longer take in any "foreign garbage" alongside commodities, including such as...Read More
Comex copper prices recovered after a three day downturn with talks of a strike at Escondida mine spurring the red metal higher.Copper for September settlement on the Comex division of the New York Mercantile Exchange rose 2.30 cents or 0.8% to $2.8150 per lb.With a potential strike looming, production cuts at the Chilean mine have historically affected the...Read More
A summary of Glencore's second quarter production results for the three months ended June 30 (own-sourced output volume, year-on-year change):Copper - 350,800 tonnes, +10%Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Own-source copper sales during the period were some 32,000 tonnes lower due to timing of shipments H1 2018 production was up 8%...Read More
Glencore produced 16,700 tonnes of cobalt in the first half of the year, up 31% compared with a first half of 2017.Increased production from the company's African copper assets (Katanga, Mutanda and Mopani) accounted for the bulk of the rise; the assets produced 14,800 tonnes of cobalt in the first six months of 2018, versus 11,200 tonnes a year earlier. The increase is attributable to the ramp-up...Read More