(Kitco News) - One of Canada’s most renowned gold mining companies is wading into the base metals sector, particularly zinc, as prices continue to trade near their highest level in more than ten years.Osisko Metals is celebrating its first year of operation as it continues to develop two of Canada’s most prominent past producing zinc mining camps.The Osisko brand is more known for its...Read More
Copper Tips – Copper SELL Call 60e given at price 447.40 Triggered SL at price 450. Total 2.6 Points SL hit in Copper call60e : Copper Intraday - SELL Copper at CMP 447.40 for Target 445 - 444 with SL Above price 450AFTER POST CONTENT Read More
(Kitco News) - With last year’s equity momentum gone, the best strategy in the marketplace, which is largely ignoring the Federal Reserve’s monetary tightening, is to buy gold, according to one strategist.“2017 has left the building,” chief investment strategist at 3EDGE Asset Management LP Fritz Folts told Bloomberg earlier this week. “We will definitely have more vo...Read More
Tips for Aluminium – SELL Aluminium at CMP 160.75 Add if Price 161.85 With SL above 162.90 For Target 156.50 – 155AFTER POST CONTENT Read More
Copper Intraday – SELL Copper at CMP 447.40 for Target 445 – 444 with SL Above price 450AFTER POST CONTENT Read More
A few weeks ago, I alerted you to the bullish situation being created in the silver market since the global equity panic ended on February 9th. A few hours ago, the silver price began to take off like a scalded cat without any recognizable catalyst, other than the reasons I spoke of in this article. Based on the extreme bearishness of the speculator positions in the latest silver Commitment of Tra...Read More
Gold remains in a wide range on the daily technical charts, with a directional catalyst needed for the next major move, says Lukman Otunuga, research analyst at FXTM. “While geopolitical tensions and U.S political uncertainty have inspired bulls, bears remain heavily supported by Fed rate-hike expectations,” the analyst says. “There is clearly a fierce tug-of-war between bulls an...Read More
For the last 10 days, gold has been in an uptrend inside of a consolidation pattern. The question is: Will gold finally break out to the upside or will it just be more disappointment? There is no obvious answer. Through all of the high volatility in the equity markets, gold has been unable to break out to the upside, as buying has failed on a couple of attempts to do so. The pattern being formed r...Read More
The latest news and price moves to start the Asian day on Wednesday April 18.Aluminium prices on the London Metal Exchange closed above $2,400 per tonne on Tuesday April 17 for the first time since September 2011, continuing the strong momentum triggered by the United States' imposition of sanctions against Russian aluminium producer Rusal. Read more in our live futures report.Here...Read More
The latest news and price moves to start the Asian day on Wednesday April 18.Aluminium prices on the London Metal Exchange closed above $2,400 per tonne on Tuesday April 17 for the first time since September 2011, continuing the strong momentum triggered by the United States' imposition of sanctions against Russian aluminium producer Rusal. Read more in our live futures report.Here...Read More
The latest news and price moves to start the Asian day on Wednesday April 18.Aluminium prices on the London Metal Exchange closed above $2,400 per tonne on Tuesday April 17 for the first time since September 2011, continuing the strong momentum triggered by the United States' imposition of sanctions against Russian aluminium producer Rusal. Read more in our live futures report.Here...Read More
Base metal prices on the London Metal Exchange surged higher at the close of ring trading on Wednesday April 18, with nickel recording the highest intraday price difference since 2009. The metal found support during the afternoon amid concerns over further sanctions, reaching a high of $15,875 per tonne, the highest since December 2014. "I think it is fear rather than fact at this stage. Give...Read More
Metal Bulletin's daily fob Australia alumina index settled at $672.50 per tonne on Wednesday April 18, up 16.2% compared with the previous day's calculation, and the highest number recorded since the index launched in August 2010.Since the start of the year the alumina price has surged, with levels to date rising 71%. The more recent escalation in prices was initially driven by market tightness ca...Read More
Zinc ingot premiums dipped on a delivered basis in Italy and remain flat elsewhere in Europe, in Asia and in the United States on Tuesday April 17; meanwhile the lead market is eyeing cargoes from key exporter Iran, where the fallout of a currency crisis there is limiting shipments from the country. Delivered zinc premiums drop in Italy Lead market eyes currency crisis, exports from Iran Pr...Read More
Tshipi sold 3.34 million tonnes of manganese ore in the twelve months to February 28, 2018, the manganese miner has announced.The figure represents a 47% increase in volume compared with the previous year. Tshipi, which became South Africa's largest manganese miner by export volumes in 2017, made a net profit of 1.9 billion South African rand ($158 million) in the year to February 28, compared wit...Read More
Metal Bulletin's daily fob Australia alumina index settled at $672.50 per tonne on Wednesday April 18, up 16.2% compared with the previous day's calculation, and the highest number recorded since the index launched in August 2010.Since the start of the year the alumina price has surged, with levels to date rising 71%. The more recent escalation in prices was initially driven by market tightness ca...Read More
Cash-strapped zinc smelters in China have brought forward and extended their planned maintenance to avoid further squeezes to margins as a result of softer treatment charges (TC), tight concentrate supply and low zinc prices, multiple sources told Metal Bulletin. "We have been hearing some southern China smelters calling for earlier maintenance due to a strained cash flow," a major zinc producer s...Read More
Private equity funds are looking to capitalize on gaps in the copper supply pipeline by investing in small-scale mining projects, Pala investments managing partner Stephen Gill told Metal Bulletin.In an interview during the Cesco Copper Week in Santiago, Chile, Gill said that copper miners face a series of obstacles in bringing large-scale mine supply into production and that a lack of capital exp...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Turkish steel producers have booked more deep-sea scrap for May deliveries, but prices fell amid weak finished steel markets, sources said on Wednesday April 18.One steel producer booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $355 per tonne and 15,000 tonnes of shredded at $360 per tonne cfr, late on Tuesday April 17. The cargo was scheduled to be shipped in the second hal...Read More