Comex copper prices were once again trading in positive territory on Tuesday August 28 with a softer dollar lifting the entire base metals complex....Read More
Base metals on the London Metal Exchange were higher across the board during morning trading on Tuesday August 28, supported by a downturn in the US dollar while a continued draw on LME on-warrant material fuels upward price momentum. ...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday August 28*...Read More
Spot cobalt prices fell slightly in the week ended Friday August 24, despite signs that material was not as readily available as it had been in recent months, with some buyers yet to return from their summer break....Read More
Three-month base metals prices on the London Metal Exchange were for the most part in positive territory on the morning of Tuesday August 28, with nickel prices bucking the trend with a 0.2% decline, while the rest were up by between 0.2% for copper at $6,082 per tonne and 0.7% for zinc at $2,545 per tonne.Volume has been above average with 8,473 lots traded as at 07.23am London time. This morning...Read More
The US International Trade Commission (ITC) has voted to extend anti-dumping duties on stainless steel bar from India. ...Read More
Considering that U.S. equities have had a strong upside move today, with the NASDAQ Composite closing at a new record high price at 8,013.33, gold futures are holding up rather well and currently trading up $3.60 at $1216.90. This is a nominal price gain; however when taking into account the incredibly strong risk-on market sentiment on the surface, it is impressive.On closer inspection, we can se...Read More
(Kitco News)- Viruses can have an impact beyond making you sick; it can now transform gold. A bacteriophage virus has been altered by researchers to re-arrange the molecular structure of gold atoms into spheroids, which could potentially make the manufacturing of gold-plated electrical components cheaper and more efficient. In a paper by science journal Nanoscale, engineers documented their disco...Read More
(Kitco News) - Gold and silver prices are modestly up in early-afternoon U.S. trading Monday. Some follow-through buying interest from Friday's solid gains and a lower U.S. dollar index on this day worked in favor of the precious metals market bulls. However, with the world marketplace quieter to start the trading week and with little risk aversion among traders and investors, gains in the safe-ha...Read More
(Reuters) - U.S. stocks posted strong gains on Monday, with the benchmark S&P 500 and the Nasdaq hitting all-time highs, as news that the United States and Mexico were closing in on a trade deal added to optimism about the economy.A Mexican source familiar with the talks told Reuters "it's almost certain" that there will be an announcement about the North American Free Trade Agreemen...Read More
(Kitco News) - Gold prices are moderately up and at their daily highs in late-morning action Monday. Overnight losses were seen as a buying opportunity by many traders--especially after the solid gains on Friday that produced a technically bullish weekly high close in prices. The U.S. dollar index has also dropped lower and is trading near its session low at present, which is also benefitting the...Read More
The U.S. dollar has given up some of its recent gains and Treasury yields have fallen back, with some apparent cooling of the U.S. economy, although expectations remain for another Federal Reserve rate hike in September, says Brown Brothers Harriman. “The forces that had pushed the U.S. 10-year Treasury yield to 3% and the dollar above JPY113 at the start of the month, and the euro to $1.13...Read More
(Kitco News) - Gold and silver prices are slightly lower in early U.S. trading Monday. The world marketplace is quieter to start the trading week, with little risk aversion among traders and investors. That's a bearish element for the safe-haven gold and silver markets. Gold prices are also seeing a mild corrective pullback following strong gains Friday that produced a technically bullish weekly h...Read More
Base metals prices on the Shanghai Futures Exchange gave a mixed performance during Asian morning trading on Monday August 27, with copper, zinc and tin moving up while the others were little changed to weaker. Continued weakness in the dollar provided broad-based support to the SHFE base metals, while copper prices were further buoyed by an improved fundamental backdrop.The most-traded October co...Read More
Mining operations have been suspended at the Tshipi Borwa Manganese Mine on the orders of South Africa's Department for Mineral Resources (DMR), the mine's owner has announced."Jupiter has been informed that the South African Department of Mineral Resources has served a Section 54 notice on the Tshipi Borwa Manganese Mine. It cites breaches relating mainly to recent pit wall failure and to drillin...Read More
Mining operations have been suspended at the Tshipi Borwa Manganese Mine on the orders of South Africa's Department for Mineral Resources (DMR), the mine's owner has announced."Jupiter has been informed that the South African Department of Mineral Resources has served a Section 54 notice on the Tshipi Borwa Manganese Mine. It cites breaches relating mainly to recent pit wall failure and to drillin...Read More
South America's import prices for some flat steel products went down last week due to renewed offers from China....Read More
North China's hot-rolled coil prices fell amid futures market losses on Monday August 27 though those in the country's eastern region bucked the trend amid expectations of demand becoming more robust in the months to come....Read More
China's ferrous futures tumbled across the board during morning trading on Monday August 27, with the rebar contract leading the downtrend....Read More
Import prices for rebar in Singapore held steady over the past week amid limited negotiations in the spot market....Read More