Nickel prices on the London Metal Exchange jumped more than 2% during morning trading on Thursday July 12, accompanied by a slight uptick in copper prices, while the rest of the complex continues to waver against intensified US trade rhetoric. Pushing back over the $14,000 per tonne level, nickel's three-month price reached a high of $14,410 per tonne over the morning period, climbing 3.6% from We...Read More
Martin Vydra has joined Cobalt 27 as head of strategy, effective immediately. Vydra retired from Sherritt International, where he worked for 31 years, in April this year. Most recently, he held the role of senior vice president, commercial and technologies, which included overseeing nickel and cobalt sales. Between 2012 and 2017, Vydra was...Read More
Both Chinese cobalt tetroxide and sulfate spot prices edged down on Wednesday July 12 due to seasonal low consumption, with some refineries lowering their offer prices to secure sales despite high raw material costs. Metal Bulletin's China cobalt tetroxide spot price dropped to 390,000-420,000 yuan ($58,492-62,992) per tonne during the midweek session, down 2.4% from 400,000-430,000 yuan per...Read More
Independent UK steelmaker Sheffield Forgemasters will appoint David Bond chief executive officer on August 1, the company said on Thursday July 12.Bond joins Forgemasters on a secondment from his role as chief operating officer for defence contractor BAE Systems Australia, where he was responsible for the company's maritime, land and integrated systems businesses.Sheffield Forgemasters declined to...Read More
East Asia's stainless steel import prices were relatively steady over the past week, with trading activity remaining low on soft regional demand, and offers staying unchanged despite declining nickel prices.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,210-2,300 per tonne cif East Asian ports for the week ended Wednesday July 11, narrowing up...Read More
Vietnam is maintaining most of its anti-dumping duties on stainless cold-rolled steel from China, Taiwan, Indonesia and Malaysia until October 2019.Only one producer in Indonesia - PT Jindal Stainless Indonesia - will be subject to a lower tax of 6.64%, compared with 13.03% previously, following a review by Vietnam's Ministry of Industry & Trade, it said last week.Duties imposed on...Read More
Domestic stainless steel prices in China were flat over the past week amid soft demand, with sellers unwilling to lower their prices due to low inventory levels in the market. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,300-15,600 yuan ($2,293-2,338) per tonne including VAT for the week ended Wednesday July 11, the same as a...Read More
Key data from the Wednesday July 11 pricing session in Shanghai.Key drivers - Heightening trade tensions between China and the United States dampened Chinese buyers' interest in US-origin scrap, leading to an accumulation of scrap stocks at US ports.- Wide availability of scrap material in the US saw sellers reduce their prices to attract business and clear...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
Mcx Lead Tips – BUY Lead Aug at CMP 151.10 Add more at price 148 with SL 146 for Target 155 – 158 Read More
MCX ZINC TARGET CALLMcx zinc Target Call – Zinc Positional BUY Call b78, given at 174.25 CMP 177.70. Low risk taker book 3.45 Points / Rs 17250 per lotb78 : Mcx Zinc Positional Call - BUY Zinc August at CMP 174.25 Add more at price 170 with SL Below price 167 for Target 179 - 184.50 Read More
FREE COPPER CALLCopper Call – BUY Mcx Copper at CMP 417.50 for Target 425 – 429 with Small SL below price 414. RISK taker trade 2 lots Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) late Wednesday reported that second-quarter gold production was roughly in line with the first quarter, although output was down year-on-year.The company maintained full-year gold-output guidance but trimmed its forecast for copper production in 2018.Based on preliminary data, the world’s largest gold producer said it turned out 1.07 million...Read More
Today’s selling continued to day’s trading resulting in a strong drawdown in both gold and silver with futures gold closing down $13.50 currently fixed at $1,242 an ounce. At the same time, spot gold gave up $14 in trading today and is currently fixed at $1,241 32.Today’s dramatically lower pricing in gold is a combination of extreme dollar strength coupled with traders aggressiv...Read More