Aluminium Calls – Aluminium BUY positional Call 5ee given at price 156.60 Achieved 1st Target 165 & 2nd Target 168. CMP 174. Total profit of 11.4 Points per lotTIPS ID 5ee : Positional Aluminium - BUY Aluminium at CMP 156.60 for Target 165 - 168 with SL below price 151AFTER POST CONTENT Read More
(Kitco News) - First Majestic Silver Corp. (NYSE: AG; TSX: FR) reported Thursday that silver-equivalent output eased in the first quarter, but silver output is expected to rise this year, with most of the increase in the second half.The company said its six operating silver mines churned out 3.9 million silver-equivalent ounces. Total production consisted of 2.2 million ounces of silver, 15,...Read More
(Kitco News) - U.S. initial weekly jobless claims dropped down to 232,000 in the week to Saturday, marking the lowest level in three weeks, the Labor Department said. The total was weaker than expected as market consensus called for the initial claims to drop to around 230,000. The government did not revise the prior week’s figures. In an initial reaction to the weekly jobless claims data, J...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Silver is finally breaking out of the consolidation patter it has struggled with for months. On Wednesday, silver popped almost 3% on the biggest volume day in months. The rally continues today and should continue to run to $17.50-$17.75. Gold seems to have found a higher low once again but still has not been able to break out to the upside. As we have written for the past few weeks, gold must bre...Read More
The latest news and price moves to start the Asian day on Thursday April 19.Base metal prices on the London Metal Exchange surged at the close of ring trading on Wednesday April 18, with nickel recording the highest intraday price move since 2009. Read more in our live futures report.Here are how prices looked at Wednesday's close:Nickel prices on the London Metal Exchange traded at their hig...Read More
The latest news and price moves to start the Asian day on Thursday April 19.Base metal prices on the London Metal Exchange surged at the close of ring trading on Wednesday April 18, with nickel recording the highest intraday price move since 2009. Read more in our live futures report.Here are how prices looked at Wednesday's close:Nickel prices on the London Metal Exchange traded at their hig...Read More
Alumina prices stabilized at higher levels on Thursday April 19, while the market digested recent sharp gains and awaited the results of two spot tenders in the Pacific. Metal Bulletin's daily fob Australia alumina index settled at $672.50 per tonne today, unchanged from the previous day's calculation. Spot prices are up 41% from a week ago, after concerns over tight supplies of the raw mater...Read More
Base metal prices were lower on the London Metal Exchange at the close of trading on Thursday April 19, despite aluminium volumes reaching a record-high 41,000 lots.Both nickel and aluminium's three-month prices soared to multi-year highs during the day, but closed on a downward move. Nickel's intraday price difference surpassed Wednesday's record of $1,670 per tonne, reaching $1,810 per tonn...Read More
Novelis has said it is no longer purchasing fresh aluminium produced by Rusal and it will continue to use pre-sanctioned metal, a spokesperson told Metal Bulletin in an email on Thursday."Novelis will continue to get raw material (prime) from Rusal, but only and exclusively pre-sanctioned material. Pre-sanctioned means prime [material] in [London Metal Exchange warehouses] owned by our traders and...Read More
Japanese chemical compounds supplier Showa Denko (SDK) has set up a wholly owned subsidiary in China to distribute its range of battery materials to the local market, to capitalize on the rapidly growing electric vehicles (EVs) market in the Asian country.Showa Denko Battery Materials (Shanghai) (SDBM) will serve the Chinese market with the company's Advanced Battery Materials range of products. T...Read More
China-based cathode supplier Easpring believes demand for battery materials will be driven by the rapid expansion of the new energy vehicles (NEVs) sector worldwide. Demand for battery materials including nickel, cobalt and lithium will grow in 2018, supported by a positive outlook for the cathode market on the increasing use of NEVs, according to Li Jianzhong, general manager of cathode specialis...Read More
Alumina prices stabilized at higher levels on Thursday April 19, while the market digested recent sharp gains and awaited the results of two spot tenders in the Pacific. Metal Bulletin's daily fob Australia alumina index settled at $672.50 per tonne today, unchanged from the previous day's calculation. Spot prices are up 41% from a week ago, after concerns over tight supplies of the raw mater...Read More
BHP has raised the zinc production guidance from its Antamina operation in Peru to around 110,000 tonnes from 100,000 tonnes for the fiscal year ending June 30, 2018, according to the miner's quarterly report released on Thursday April 19.The revision comes after zinc production attributable to BHP at Antamina rose 43.5% year on year to 83,817 tonnes of payable metal in concentrate in the nine mon...Read More
South32 has increased its full year 2018 manganese ore production guidance by 6% amid strong demand and record operating performance at its Australia unit.Manganese ore prices rose sharply in late 2017 due to the strong demand, particularly from China, but have been sliding since late March. Metal Bulletin's 37% manganese ore index, fob Port Elizabeth rose as high as $7.57 per dry metric tonne uni...Read More
Turkish steel producers skipped Thursday April 19 with no deep-sea bookings, although another booking from the previous day came to light.A steel producer in the Iskenderun region booked a European cargo of 30,000 tonnes of HMS 1&2 (80:20) at $348 per tonne cfr on Wednesday. However, the cargo was sold before a Baltic Sea trade was done at...Read More
A complete ban on imports of category-7 copper scrap will be implemented by the end of this year, the Chinese government said on Thursday April 19.The newly created Ministry of Ecology and Environment will move 16 solid wastes that are currently deemed 'restricted', to the list of banned imports, according to the official statement. The ban will prohibit the import of scrap materials, including co...Read More
After the eventful rally on Wednesday, both the base and precious metals complexes have continued their upward momentum in the morning of Thursday April 19 with a broad-based commodity rally supporting all metals prices higher. Gains on base metals prices have averaged 1.2%, while precious metals have seen a 0.3% rise as of 6.27am London time. Trading volume on the London Metal Exchange is signifi...Read More
Japanese chemical compounds supplier Showa Denko (SDK) has set up a wholly owned subsidiary in China to distribute its range of battery materials to the local market, to capitalize on the rapidly growing electric vehicles (EVs) market in the Asian country.Showa Denko Battery Materials (Shanghai) (SDBM) will serve the Chinese market with the company's Advanced Battery Materials range of products. T...Read More
China-based cathode supplier Easpring believes demand for battery materials will be driven by the rapid expansion of the new energy vehicles (NEVs) sector worldwide. Demand for battery materials including nickel, cobalt and lithium will grow in 2018, supported by a positive outlook for the cathode market on the increasing use of NEVs, according to Li Jianzhong, general manager of cathode specialis...Read More