The continuing strike by Brazilian truck drivers over the recent rises in fuel prices in the country has had a minor effect on Vale's mining operations, chief executive officer Fabio Schvartsman has said.If the strike action persists for a few more days, however, the company will have to reduce its pace of production, he told the local press on Tuesday May 29.Market rumors indicate that Vale's ope...Read More
Turkish steel mills have continued their deep-sea scrap bookings for June deliveries, while prices for Baltic Sea-origin material have been falling, sources said on Tuesday May 29.A steel mill in the Iskenderun region booked a Baltic Sea cargo on Tuesday, comprising 28,000 tonnes of HMS 1&2 (80:20) at $333 per tonne, a minimum of 4,000 tonnes of bonus at $343 per tonne, and a minimum of 1,000...Read More
A second producer has offered aluminium for July-September delivery to main Japanese ports (MJP) on cif basis at a $159 per tonne premium over the London Metal Exchange cash price, several trade sources told Metal Bulletin.This came after Rusal's offer at $160 per tonne earlier this week, which is 24% higher than...Read More
Copper Tips Online – Copper Buy call a1c given at price 454.70 Achieved 1st target 457.70. CMP 459.70 Achieved 2nd Target. profit of 5 Points x 2 lot = 10 PointsTIPS ID a1c : Copper Carry Call - BUY Copper JUN at CMP 454.70 with Small SL 452.60 for Target 457.70 - 459.70 Read More
COPPER TRADING CALLCopper Trading Call – Copper BUY Call a1c, Given at price 454.70 Achieved 1st Target 457.70. Total profit of 3 Points x 2 lot = 6 Points ProfitTIPS ID a1c : Copper Carry Call - BUY Copper JUN at CMP 454.70 with Small SL 452.60 for Target 457.70 - 459.70 Read More
Copper Live – Copper BUY Call a1c given at price 454.70 CMP 456.20. Low risk taker may book 1.5 x 2 lot = Rs 3000 / 3 Pointsa1c : Copper Carry Call - BUY Copper JUN at CMP 454.70 with Small SL 452.60 for Target 457.70 - 459.70 Read More
GENEVA (Reuters) - The European Union told the World Trade Organization's dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.The United States won a partial victory on May 15 against EU support for Airbus at the WTO, clearing the way for possible U.S. sanc...Read More
Copper Carry Call – BUY Copper JUN at CMP 454.70 with Small SL 452.60 for Target 457.70 – 459.70 Read More
Aluminium Call – SELL Aluminium at CMP 152.55 for Target 151.70 – 151.10 with sl Above price 153.60 Read More
TODAY NICKEL TARGET TIPSToday Nickel Target Tips – nickel sell call a0f given at price 996 Achieved 1st Target 990. CMP 989. Total 7 Points x 2lot = 14 Points profit at CMPTIPS ID a0f : Nickel Call Today - SELL Nickel at CMP 996 for Target 990 - 984 with Small SL Above price 1002.20 RISK Taker trade 2 lots Read More
Copper Carry Call Update – Copper Buy Call a08 given at 462.70 Hit Small SL At price 460. && Copper 465 PE Option Buy Call a08 given at price 9.50 Achieved Target 12 & 14. CMP 14.50TIPS ID a08 : Copper Carry Call - BUY Copper at CMP 462.70 for Target 465 - 466.50 with Small SL below price 460 && BUY COPPER 465 PE IN THE RANGE OF 9.40-9.70 SL BELOW 7 TGT 12/14 Read More
Copper Free Trading Tips – Mcx Copper Jun Sell call a03 given at price 463.20 Achieved 1st Target 457 & 2nd Target 455.50 (CMP 455.30) Total profit of 7.7 Points per lotTIPS ID a03 : Copper Positional Carry - SELL Copper JUN at CMP 463.20 for Target on Monday 457 - 455.50 with SL Above price 465.80 Read More
(Kitco News) - Hedge funds continued to shed their bullish gold bets, but some analysts said that there are signs that the selling momentum is starting to fade.The latest data from the Commodity Futures Trading Commission shows net bullish speculative positioning in the gold market at its lowest level since late-January 2016.The CFTC's disaggregated Commitments of Traders report for the week endin...Read More
(Recasts first paragraph, adds Pan American Silver comments, background) May 28 (Reuters) - Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime, saying on Monday it has faced security incidents along the roads used to transport personnel and materials to its Dolores mine. The Vancouver-headquartered company said it will maintain perso...Read More
NICKEL CALL TODAYNickel Call Today – SELL Nickel at CMP 996 for Target 990 – 984 with Small SL Above price 1002.20. RISK Taker trade 2 lots Read More
ROME (Reuters) - Italy's president set the country on a path back to fresh elections on Monday, appointing a former International Monetary Fund official as interim prime minister with the task of planning for snap polls and passing the next budget.The decision to appoint Carlo Cottarelli to form a stopgap administration sets the stage for elections that are likely to be fought over Italy's role in...Read More
MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy will face a vote of confidence in his leadership on Friday as corruption convictions handed down to dozens of people linked to his center-right People's Party (PP) threatened his six-year rule.Spain's parliament agreed on Monday that the debate and vote would take place on Thursday and Friday, although the opposition Socialists who proposed t...Read More
LONDON (Reuters) - Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing.Brent crude futures LCOc1 stood at $75.39 a barrel at 1208 GMT (8.08 a.m. ET), down $1.05 from the previous close and after touching a three-week low of $74.49 earlier in the session.U.S. West Texas Intermediate (WTI) crude futures...Read More
BERLIN, May 28 (Reuters) - German Chancellor Angela Merkelsaid on Monday she hoped there would be no need for the EuropeanUnion to implement retaliatory measures in its trade disputewith the United States. She added that she was open to talks with the U.S. about atrade deal, but within the framework of World Trade Organization(WTO) rules. (Reporting by Thomas EscrittEditing by Michelle Martin) Me...Read More
BEIJING, May 28 (Reuters) -* China's Beijing Easpring Material Technology Co sayshas signed a deal to set up a new lithium-ion battery materialsproduction base in Jiangsu province. * Cooperation agreement was signed on May 28 with JintanJinchengScience and Technology Industrial Park.* First phase of three-phase project involves plannedinvestmentof 3 billion yuan ($468.96 million), Easpring says in...Read More