Today Aluminium Hold Tips – SELL Aluminium APRIL at CMP 132.85 Hold for 2 days for Target small at price 130.50 – 129.60 with SL Above 133.50AFTER POST CONTENT Read More
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
After having a great four-day run from the bottom, gold is now starting to fail from the top end of the range. Last week gold had one of its best weeks of the year, covering from the lows to the highs, similar to the pattern it had the week of Feb. 12.The Feb. 12 rally failed at resistance, and this rally looks like it will fail as well. The market footprints indicate consolidation and with gold d...Read More
The latest news and price moves to start the Asian day on Tuesday March 27.Base metals prices on the London Metal Exchange closed mostly in positive territory on Monday March 26, barring copper and aluminium. Read more in our live futures report.Here are how LME prices looked at Monday's close:London-based metals merchant Concord Resources is eyeing opportunities, including those for physical...Read More
The latest news and price moves to start the Asian day on Tuesday March 27.Base metals prices on the London Metal Exchange closed mostly in positive territory on Monday March 26, barring copper and aluminium. Read more in our live futures report.Here are how LME prices looked at Monday's close:London-based metals merchant Concord Resources is eyeing opportunities, including those for physical...Read More
Base metal prices on the London Metal Exchange remained high at the close of trading on Tuesday March 27, with only aluminium moving down. Aluminium was the only downward mover, dropping $7.50 to $2,044.50 per tonne while it continues to lack momentum."Its technical configuration is starting to improve and now badly needs follow-up buying to help the price of the light metal to edge higher. Going...Read More
Copper-gold miner Newcrest has restarted mining operations at its Cadia project in Australia, two weeks after a tailings spill caused a shutdown.Processing at the Cadia complex will remain suspended yet Newcrest will stockpile the mine ore at the mine's surface until processing is able to...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
The higher consumption of manganese alloys witnessed globally in 2017 is likely to spur increased production of silico-manganese this year, according to the executive director of the International Manganese Institute (IMnI).During a panel discussion at the 19th Asian Ferro-Alloys Conference in Hong Kong on Wednesday March 21, Aloys d'Harambure said that global silico-manganese producers were incre...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
The proposal by Philippine politicians to ban the export of unprocessed mineral ores to boost domestic processing has yet to make further progress, Patricia Bunye, senior partner at law firm Cruz Marcelo & Tenefrancia in the Philippines, said. "It's not catching fire as the industry knows the limitations of infrastructure in the country," Bunye told Metal Bulletin on the sidelines of the Mining In...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
Metal Bulletin will launch a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.Cobalt sulfate is one of the key materials used to produce lithium-ion nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminium (NCA) batteries used in electric vehicles (EV). Chin...Read More
Turkish deep-sea scrap import prices have inched downward after slightly lower offers were heard from the Baltic Sea region on Tuesday March 27.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $366.95 per tonne cfr, down by $1.15 per tonne day-on-day.The daily index for similar US-origin scrap closed at $376.96 per tonne cfr, down...Read More
China's ferrous futures rose during morning trading on Tuesday March 27, with the steel contracts posting a strong recovery in particular after a week of losses.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,455 yuan ($549) per tonne, up 71 yuan per tonne May hot-rolled coil: 3,608 yuan per tonne, up 80 yuan per tonne Dalian Commodity Exchange May iron ore: 446 yua...Read More
Comex copper prices recovered Tuesday March 27 morning in the US amid easing tensions between the US and China.Copper for May settlement on the Comex division of the New York Mercantile Exchange rebounded 1.25 cents or 0.4% to $2.9825 per lb. Yesterday, the contract collapsed to a September-2017 low."While we treat the current rebound in copper prices cautiously, we are comforted that the copper p...Read More
Flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand was moderate, sources told Metal Bulletin on Tuesday March 27. Most buyers want to wait and see if price decreases continue. UAE Hot-rolled coil (HRC) was being offered to the UAE at $610-620 per tonne cfr from China, down from $635-640 per tonne cfr last week. India offered HRC at 640 per tonne cfr to...Read More
Steel traders in the central region of Russia, around Moscow, have not resumed active purchasing of hot-rolled (HR) and cold-rolled (CR) sheet this week despite a gradual demand improvement in the secondary market, Metal Bulletin has been told."We see some seasonal demand improvement but now we are selling material that was purchased earlier this year, when prices were lower," a trader told Metal...Read More
China's hot-rolled coil prices recovered some losses on Tuesday March 27 following a rebound in the futures market.DomesticEastern China (Shanghai): 3,730-3,780 yuan ($593-601) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 3,710-3,740 yuan per tonne, up 40 yuan per tonneThe paper market charted a recovery during the day after successive days of decreases, which provided support to the s...Read More
TimkenSteel will raise its special bar quality (SBQ) product prices by $50-150 per ton effective Wednesday March 28, the company said in a leading move on Tuesday. The move comes after SBQ mills in the United States slated base price increases effective with April 1 shipments. US producers raised SBQ base prices three times...Read More