Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Kitco News) - Depending on your choice of network you can make your own judgment on the summit in Singapore between Trump and Kim. No matter what your slant, at a minimum the meeting should diffuse short-term geopolitical risk between the two countries. Focus is squarely on the FOMC meeting beginning today and a series of votes in the British parliament on the proposed path of Brexit. The Fed is...Read More
Silver could draw upside momentum if it can break through $17 an ounce, says Commerzbank. The metal poked above its sideways corridor and threatened $17 on Monday, analysts point out. “The technical picture here has improved noticeably in recent days,” Commerzbank says. “If the price were to exceed the $17 mark, this could lure in further buyers and continue the price rise. Silve...Read More
Monday night the summit between the United States and North Korea took place and by all accounts was a success for a first meeting. In his press conference, President Trump was glowing with enthusiasm looking forward to a continuation of the historic talks.Gold took the summit in ho-hum fashion and has stayed in consolidation, barely moving overnight, very consistent with the way it has been tradi...Read More
SHANGHAI, Jun 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose 0.04% to close at 93.6 overnight with the 10-year treasury yield climbing up. The Federal Reserve is widely expected to increase interest rate on Wednesday, which could further support the US dollar this summer.As the market remained cautious, base...Read More
SHANGHAI, Jun 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose 0.04% to close at 93.6 overnight with the 10-year treasury yield climbing up. The Federal Reserve is widely expected to increase interest rate on Wednesday, which could further support the US dollar this summer.As the market remained cautious, base...Read More
SHANGHAI, Jun 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose 0.04% to close at 93.6 overnight with the 10-year treasury yield climbing up. The Federal Reserve is widely expected to increase interest rate on Wednesday, which could further support the US dollar this summer.As the market remained cautious, base...Read More
The latest news and price moves to start the Asian day on Tuesday June 12.Base metals prices on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Read more in our live futures report.Here are how prices looked at the close of trading:Following a turbulent first hal...Read More
Manganese ore prices rose in China this past week due to higher offers from producers, although few deals took place, especially for 44% manganese ore. The thin trading was attributed to resistant buyers, who preferred to take a wait-and-see stance on the direction of the market, according to sources.As a result, Metal Bulletin's weekly manganese ore indices for the 37% and 44% products rose by 1....Read More
Manganese ore prices rose in China this past week due to higher offers from producers, although few deals took place, especially for 44% manganese ore. The thin trading was attributed to resistant buyers, who preferred to take a wait-and-see stance on the direction of the market, according to sources.As a result, Metal Bulletin's weekly manganese ore indices for the 37% and 44% products rose by 1....Read More
The latest news and price moves to start the Asian day on Tuesday June 12.Base metals prices on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Read more in our live futures report.Here are how prices looked at the close of trading:Following a turbulent first hal...Read More
Producing and then trading metal used to be the purview of just a few, with the supply chain more typically separated into silos and companies making occasional forays into different areas. But as the line between producer and trader has become increasingly blurred, the differentiator between companies is becoming the services they provide. As Christophe Allain, group portfolio director for non-fe...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 12.Please click...Read More
Base metals on the London Metal Exchange were mostly a little higher during morning trading on Tuesday June 12, with aluminium, zinc and lead prices ticking higher while copper and tin prices drifted lower.Copper's three-month price slipped more than 0.4% lower over the morning, dipping below $7,200 per tonne - it had reached five-year highs at the end of last week. Unresolved labo...Read More
Vanadium prices continued their ascent in the European and US markets amid tightened supply and an uptick in activity, while Chinese vanadium prices began to recover on low availability of material. Fob China vanadium prices rebound on tightening availabilityEuropean vanadium market strengthens furtherUS ferro-vanadium prices jump; market sees more inquiries Metal Bulletin's price quotation...Read More
South African charge chrome imports to China are fetching higher prices due to production cuts at domestic Chinese smelters. Alloy prices jump in ChinaOre prices continue risingAlloy prices edge higher in Japan, weaken slightly in South KoreaAlloy prices dip in Europe, United States Charge chrome import prices jumped in China on Friday June 8 amid strong demand and tightening domestic ferro-chrome...Read More
Vanadium prices continued their ascent in the European and US markets amid tightened supply and an uptick in activity, while Chinese vanadium prices began to recover on low availability of material. Fob China vanadium prices rebound on tightening availabilityEuropean vanadium market strengthens furtherUS ferro-vanadium prices jump; market sees more inquiries Metal Bulletin's price quotation...Read More
South African charge chrome imports to China are fetching higher prices due to production cuts at domestic Chinese smelters. Alloy prices jump in ChinaOre prices continue risingAlloy prices edge higher in Japan, weaken slightly in South KoreaAlloy prices dip in Europe, United States Charge chrome import prices jumped in China on Friday June 8 amid strong demand and tightening domestic ferro-chrome...Read More
Copper prices on the Shanghai Futures Exchange weakened during Asian morning trading on Tuesday June 12, with a firmer dollar and easing supply concerns weighing on investors' appetite for the red metal.The most-traded August copper contract price on the SHFE dropped to 53,830 yuan ($8,407) per tonne as at 10.28am Shanghai time, down 330 yuan per tonne from Monday's close. Falling 0.6% so far in t...Read More
Vale has signed separate agreements with Wheaton Precious Metals Corp and Cobalt 27 Capital Corp to sell an aggregate total of 75% of the cobalt produced at Voisey's Bay, enabling it to proceed with an expansion of the mine. From January 1, 2021, Wheaton and Cobalt 27 will be entitled to receive finished cobalt equivalent to 42.4% and 32.6% respectively of the future cobalt production from its Voi...Read More