Base metals prices on the London Metal Exchange were mostly lower during Asian morning trading on Friday April 6 after United States President Donald Trump said he has instructed his administration to consider $100 billion in additional tariffs against China.The LME three-month copper price was at $6,754 per tonne as of 03.18am London time, down by $62 per tonne from Thursday's closing price. A to...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday April 6:Minor metals Chromium MB free market alumino-thermic, $/tonne: $13,250-13,995 per tonne from $10,500-11,300 per tonneCobalt MB free market high...Read More
The base price assessments for flat stainless steel products in Europe narrowed downward by ?,?20 per tonne this week due to pressure from cheap imports and high stock levels, sources told Metal Bulletin on Friday April 6.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,110 ($1,287-1,360) per tonne delivered in Northern Europe o...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday April 6:Aluminium scrap Floated Frag: ?,?1,255-1,275 per tonne from ?,?1,260-1,280 Cast:...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan were stable this week due to a trading lull that resulted from consecutive public holidays.Metal Bulletin's assessment of import prices for United States-origin HMS 1&2 (80:20) sold into Taiwan was $340-345 per tonne cfr for the week ended Friday April 6, unchanged from a week earlier.Price negotiations were limited to only the fi...Read More
Brazilian slab export prices remained unchanged this week, with few offers heard, but producers were reported to be hoping for a new increase in offers for May-production batches.Metal Bulletin's weekly assessment of Brazil export slab prices was unchanged on Friday April 6, at $580-590 per tonne fob.Demand for slab was reported to be increasing, with buyers in Europe and Southeast Asia returning...Read More
Iron ore output in Peru grew 41.2% year on year in February, according to figures released by the country's mining ministry, MEM, late on Wednesday April 4.Production came to 942,042 tonnes, compared with 667,313 tonnes a year before.This rise was due to increased output at Shougang Hierro Per??, a subsidiary of China-based Shougang Group, as well as...Read More
Offers for Brazilian slab will likely increase in April on sellers' optimism despite growing resistance from buyers, after the United States temporarily delayed its Section 232 import tariffs on Brazil. But in Asia, slab prices are expected to remain steady or even decline slightly on sluggish trading and weakness in upstream and downstream segments, while products from the Commonwealth of Indepen...Read More
While hybrid and electric vehicles (EV) continue to grow in popularity, is there enough charging infrastructure to sustain the UK's electric dreams, Lord Copper asks.Over the past few weeks, I have been conducting a straw poll about the subject of hybrid and pure electric vehicles.No statistician would work from the arbitrary sample I have but, that proviso aside, I have found most reactions to be...Read More
Chilean copper producer Codelco has reached an agreement with unionized workers at its Radomiro Tomic division for a new labor contract, thereby avoiding the risk of a strike action.Nearly 70% of the voting workers approved the company's latest wage offer, which proposes a 1% real pay rise and a net end-of-negotiations bonus of 8.75 million Chilean pesos ($14,496), the state-owned miner said on Fr...Read More
While hybrid and electric vehicles (EV) continue to grow in popularity, is there enough charging infrastructure to sustain the UK's electric dreams, Lord Copper asks.Over the past few weeks, I have been conducting a straw poll about the subject of hybrid and pure electric vehicles.No statistician would work from the arbitrary sample I have but, that proviso aside, I have found most reactions to be...Read More
MCX ZINC TRADING TIPSMcx Zinc Trading – Today Zinc BUY Call 470 given at price 208.85 Achieved 2nd Target level 211. CMP 211.05. Total profit of 2.20 x 2 lot = 4.40 PointsTIPS ID 470 : Free Zinc Calls - BUY Zinc at Current Market price 208.85 for Target 210 - 211 with SL below price 207. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Nickel Free Advisor – Nickel Buy Carry Call 484 given at price 861.50. CMP 867.50. Low risk taker may book 6 Point x 2 lot = 12 Points here484 : Nickel Carry – BUY Nickel at CMP 861.50 Add more if price 857 with SL 852 for Target 872 – 878. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Nickel Carry – BUY Nickel at CMP 861.50 Add more if price 857 with SL 852 for Target 872 – 878. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
TODAY ZINC LIVE TARGET TIPSZinc Live Target Tips – Zinc Mcx Buy Call 47f, Given at price 210.15 Achieved 1st Target 211. CMP 211.05. Total profit of 0.90 x 2 lot = 1.80 Points47 f : Zinc Free Calls - BUY Zinc at CMP 210.15 for Target 211 - 211.50 with SL below price 209.25 with 2 lots or moreAFTER POST CONTENT Read More
(Kitco News) - The yellow metal can’t find the needed momentum for a breakout in either direction, according to famed investor and “Bond King” Jeffrey Gundlach.“The price of gold has been off the radar screen. It’s interesting how gold can't seem to get any momentum above $1,350, yet it doesn't drop. So that's been consolidating sideways,” Gundlach told CNBC on...Read More
Zinc Commodity – Zinc Intraday BUY Call 470 given at price 208.85 Achieved 1st Target 210. CMP 210.75. Near to 2nd Target. Total profit of 1.9 x 2 lot = 3.80 Points470 : Free Zinc Calls - BUY Zinc at Current Market price 208.85 for Target 210 - 211 with SL below price 207. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Copper Carry Call – (Very Risky Call) BUY Mcx Copper at CMP 440.40 Add more at price 438 with SL 437 for Target 443.50 – 444.50AFTER POST CONTENT Read More
Zinc Free Calls – BUY Zinc at CMP 210.15 for Target 211 – 211.50 with SL below price 209.25 with 2 lots or moreAFTER POST CONTENT Read More