Base Metal Stock Articles

CHINA MINOR METALS REPORT 12/01: Indium prices rise over 10%; tellurium falls

January 12, 2018 / Anna Xu

An overview of China's minor metals markets in the week of January 8-12 and the reasons for any price moves.Read More

METALS MORNING VIEW 12/01: LME metals prices look well placed to advance

January 12, 2018 / William Adams

Base metals prices on the London Metal Exchange are generally higher this morning, Friday January 12, with prices fairly uniformly up between 0.5% and 0.6% - apart from tin prices that are down 0.1% at $20,159 per tonne. Three-month copper prices are up by 0.5% at $7,167 per tonne and zinc prices have been as high as $3,405 per tonne, which is a fresh multi-year high.Volume has been average, with...Read More

BULLION LATEST 12/01: Gold prices rise after hawkish ECB, soft data sink dollar

January 12, 2018 / Ellie Wang

The spot gold price rose during Asian morning trading on Friday January 12, after hawkish language contained in the European Central Bank's (ECB) December meeting minutes and soft US data weighed on the dollar.The spot gold price was quoted at $1,328.56-1,329.10 per oz as of 12.24pm Shanghai time, up by $6.45 from the previous session's close. Trade has ranged from $1,322.85-1,329.15 so far today....Read More

China's domestic stainless steel prices fall on soft demand

January 12, 2018 / Jessica Zong

China's domestic stainless steel prices have started to retreat over the past week on subdued demand. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,400 yuan ($2,259-2,367) per tonne including VAT for the week ended Thursday January 11, down 100-500 yuan per tonne a week earlier. The sustained lack of activity in the mar...Read More

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 12/01

January 12, 2018 / editorial@metalbulletin.com

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday January 12:Aluminium scrap Floated Frag: ?,?1,290-1,330 per tonne from ?,?1,270-1,320 Cast:...Read More

Flash: Copper inventory in Shanghai edges up

Jan 12 2018 / Staff reporter

SHANGHAI, Jan 12 (SMM)? 1/4 ?Copper inventory in Shanghai bonded area stood at 481,000 mt for the week ending Friday January 12, up from 480,200 mt last week. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cn  Read More

U.S. Commerce Department wraps up steel probe, does not detail findings

Jan 11 2018 7:53PM / Reuters

WASHINGTON, Jan 11 (Reuters) - The U.S. Commerce Department said on Thursday it had completed its probe into whether imports of certain steel products threatened U.S. national security and sent its conclusions to President Donald Trump.In a statement that offered no indication of the investigation's findings, the Commerce Department said Trump now has 90 days to decide "on any potential acti...Read More

Weak Dollar Drives Gold Prices Higher

Jan 11 2018 6:02PM / Kitco Commentary

Gold is trading moderately higher today, with the most active futures contract currently trading up $3.70 (+0.28%) at $1323 per ounce. Today’s gains have taken gold to its highest value so far in 2018. On Friday of last week, gold prices reached the former 2018 apex when it closed at $1322 per ounce. Although gold prices surged to an intraday high of $1327 on Thursday of last week, on a clos...Read More

Gold To Hit $1,400 In Q4 - Bank Of China International

Jan 11 2018 5:43PM / Kitco News

(Kitco News) - As gold prices trade close to four-month highs, analysts from the Bank of China International said that commodities like gold have room to go even higher in 2018.By the fourth quarter of this year, gold could be looking at an average of $1,400 per ounce and copper at $7,500 a ton, analysts, led by Xiao Fu, the commercial bank’s head of commodity market strategy, said in a note...Read More

Gold Prices Have Room To Move $100 Higher - Vince Lanci

Jan 11 2018 3:47PM / Kitco News

(Kitco News) - Gold is up 6% since the Fed raised rates last month, despite net outflows in North American-based gold-backed exchange traded funds, but one trader said that not all investors are fleeing from the yellow metal.In an interview with Kitco News, Vince Lanci, founder of Echobay Partners, said that he is shrugging off the impact of recent outflows in SPDR Gold Shares, the world’s b...Read More

Rob McEwen: Only A Matter Of Time Before 'A Tidal Wave Of Money' Flows Into Miners, Gold

Jan 11 2018 2:48PM / Kitco News

Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News) - After what has been described as a frustrating 2017, sentiment in the precious metals mining space is improving and is expected to build throughout 2018, according to Kitco News’ top mining CEO of 2017.In an interview with Kitco News, before the results of survey were calculated, Rob McEwen, CEO of McEwen Mining (NYSE:...Read More

Gold Lifted By Bullish Outside Market Forces

Jan 11 2018 1:50PM / Kitco News

(Kitco News) - Gold prices ended the U.S. day session moderately higher Thursday. The precious metal was lifted by a lower U.S. dollar index and by higher crude oil prices that hit a three-year high today. Some technical buying is also featured in gold, as the near-term chart posture is getting more bullish. February Comex gold was last up $3.80 an ounce at $1,323.00. March Comex silver was last d...Read More

6 Reasons Why Gold Is Headed Higher In 2018

Jan 11 2018 10:34AM / Kitco News

(Kitco News) - Following are six elements working in favor of the gold market bulls and that should continue to support upward price movement in the precious metal. Rising Government Bond Yields. A feature in the marketplace this week is rising world government bond yields (falling prices). This helped to hold back gains in global stock markets. Bloomberg news published a story Wednesday about the...Read More

Gold Benefiting From Bond-Market Uncertainty, Confusion - Analysts

Jan 11 2018 10:01AM / Kitco News

(Kitco News) - Confusion and uncertainty reign in financial markets, helping gold prices rally in the face of higher bond yields, as traders continue to assess whether or not China will continue to buy U.S. Treasuries. Early Thursday, Chinese officials denied reports that the central bank is looking at slowing its U.S. bond purchases. According to reports, while the central bank is diversifyin...Read More

ASIAN MORNING BRIEF 11/01: Nickel rallies further on LME; technical issues drive Birla Copper to cut output at Dahej smelter in India; planned strike at Glencore's Minera Lomas Bayas copper mine in Chile called off

January 11, 2018 / Millicent Dent

The latest news and price moves to start the Asian day on Thursday January 11.Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals. Read more here in our live futures report.Here are how prices looked at the end of the day on Wednesday.Unspecified technical issues at Birla Copper's Da...Read More

ASIAN MORNING BRIEF 11/01: Nickel rallies further on LME; technical issues drive Birla Copper to cut output at Dahej smelter in India; planned strike at Glencore's Minera Lomas Bayas copper mine in Chile called off

January 11, 2018 / Millicent Dent

The latest news and price moves to start the Asian day on Thursday January 11.Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals. Read more here in our live futures report.Here are how prices looked at the end of the day on Wednesday.Unspecified technical issues at Birla Copper's Da...Read More

Glencore's Pasar copper smelter halts output due to acid leak - sources

January 11, 2018 / Julian Luk

Operations at Glencore's Pasar copper smelter have been suspended since last week due to a leakage in the sulfuric acid plant, Metal Bulletin has learned.The smelter consumes 720,000 tonnes per year of copper concentrates. Part of the feed comes from Freeport's Grasberg copper mine in Indonesia. Glencore will continue to receive the feed, a well-informed source told Metal Bulletin. At least two sh...Read More

LIVE FUTURES REPORT 11/01: Comex copper moves up in muted session

January 11, 2018 / Dalton Barker

Comex copper prices inched higher Thursday January 11 morning in the US due to a weaker dollar in an overall shallow market.Copper for March settlement on the Comex division of the New York Mercantile Exchange increased 0.55 cents or 0.2% to $3.2410 per lb. The dollar has softened gradually since mid-December and was recently trading at a one-week low of 91.94 on the...Read More

China's blister copper 2018 RCs up on expectations of growing imports to replace scrap

January 11, 2018 / Julian Luk

Annual refining charges (RCs) for imported blister copper, an intermediate product of refined copper production, have increased slightly this year while China's copper smelters are looking to import more material to fill the supply gap arising from the drastic cut in copper scrap import quotas.Expectations of rising supply have boosted RCs for imported blister copper, normally 97-99% copper conten...Read More

Huayou Cobalt, Posco to set up lithium-ion battery materials joint ventures

January 11, 2018 / Susan Zou

Huayou Cobalt and Posco will invest in two joint ventures in China's Zhejiang province to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Wednesday January 10. With a total investment of 1 billion yuan ($154 million), Zhejiang HUAYOU-POSCO New Energy Co, Ltd will be dedicated in the research and development, production, as well as sales of li...Read More

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