After being beaten into submission, gold appears to have found a bottom and has pushed through $1,200. The $1,180 bottom was a natural level at which to look for support to hold, and the rally is not a huge surprise. Although gold is rallying as expected, this is not the time to get complacent or overconfident. We think the near-term lows are in and gold should rally to $1,220-$1,240 levels; howev...Read More
* China's growth-supporting moves to help copper * Strong resistance at $6,140 (Updates with closing prices) By Pratima Desai LONDON, Aug 21 (Reuters) - Copper climbed to one-week highson Tuesday as funds cut bets on lower prices and the dollarretreated from recent highs as the market waited for talks onthe U.S.-Chinese trade dispute. Benchmark copper on the London Metal Exchange endedup 0.9 perce...Read More
The latest news and price moves to start the Asian day on Tuesday August 21. Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday August 20, boosted by growing optimism over US-Sino trade relations amid a slight retreat in the dollar index. Read more in our live futures report. Here is how prices looked at the close of trading: Turkey has reques...Read More
The latest news and price moves to start the Asian day on Tuesday August 21. Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday August 20, boosted by growing optimism over US-Sino trade relations amid a slight retreat in the dollar index. Read more in our live futures report. Here is how prices looked at the close of trading: Turkey has reques...Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Tuesday August 21, underpinned by a retreat in the US dollar while international trade rifts continue to deter commodity investment. ...Read More
John Porter will join CCMA as a trader focused on the special metals segment effective early September, leaving his current post at Arconic....Read More
Metal Bulletin is opening a consultation on a proposal to reduce its assessment of Shanghai bonded copper stocks to once a month. Currently, Metal Bulletin assesses Shanghai bonded copper stocks fortnightly. Under the proposal, the assessment of Shanghai copper bonded stocks will take place on the first working day of each month. The reduction in frequency of the assessment will align the pub...Read More
High chrome ore stocks and dampened demand are weighing on chrome ore producers in Turkey who are also battling growing inflation, market participants told Metal Bulletin. ...Read More
John Porter will join CCMA as a trader focused on the special metals segment effective early September, leaving his current post at Arconic....Read More
High chrome ore stocks and dampened demand are weighing on chrome ore producers in Turkey who are also battling growing inflation, market participants told Metal Bulletin. ...Read More
John Porter will join CCMA as a trader focused on the special metals segment effective early September, leaving his current post at Arconic....Read More
MMG Dugald River, a subsidiary of MMG Ltd, has entered into an agreement to sell around 40,000 dry metric tonnes of zinc concentrate per annum to China Minmetals Corp (CMC) subsidiary Minmetals North-Europe from 2019 to 2020.The sales agreement is expected to provide Chinese end-users and smelters with "efficient access" to zinc concentrate, Australian-Chinese miner MMG said on Monday August 20."C...Read More
John Porter will join CCMA as a trader focused on the special metals segment effective early September, leaving his current post at Arconic....Read More
Chinese ferro-silicon prices slipped last week on waning demand while the European market held despite a lack of consumption. ...Read More
Turkish steel producers remained quiet on Tuesday August 21 while the Eid al-Adha religious holiday continued....Read More
MMG Dugald River, a subsidiary of MMG Ltd, has entered into an agreement to sell around 40,000 dry metric tonnes of zinc concentrate per annum to China Minmetals Corp (CMC) subsidiary Minmetals North-Europe from 2019 to 2020.The sales agreement is expected to provide Chinese end-users and smelters with "efficient access" to zinc concentrate, Australian-Chinese miner MMG said on Monday August 20."C...Read More
The base metals were up across the board by an average of 0.8% basis three-month prices on the London Metal Exchange on the morning of Tuesday August 21. This extends the rebounds that got underway on Thursday August 16 - the question is whether this is another dead-cat bounce or the start of a more meaningful recovery after a long drawn out downtrend that for most metals has dominated since...Read More
Prices for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow have increased this week with mills trying to keep their domestic market profitability high compared with export sales....Read More
China's steel mills raised offer prices for hot-rolled coil on Tuesday August 21 following rallies in the domestic market, in a move to "test how much higher buyers can accept," sources said....Read More
Rebar producers were planning to increase their prices this week for Russia's Central Federal District, the major steel-consuming region in the country, amid a shortage of material in the secondary market....Read More