Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
(Adds detail on iron ore fines prices)RIO DE JANEIRO, Feb 27 (Reuters) - Brazilian iron ore miner Vale SA's quarterly net income jumped by 47 percent but still badly missed analyst estimates, depressed by rising costs and foreign exchange related losses.In a securities filing on Tuesday, the world's largest iron ore producer said net income totaled $771 million in the quarter, well below a consen...Read More
(Repeats with no changes to text. The opinions expressed here are those of the author, a columnist for Reuters.)* Aluminium "semis" exports: * Copper scrap imports: * Nickel ore imports: * Refined zinc imports: By Andy HomeLONDON, Feb 27 (Reuters) - What will the Chinese New Year of the Dog bring for industrial metal markets? China still dominates the pricing landscape for the base meta...Read More
In his first testimony to the Congress, Jerome Powell, the newly appointed chairman of the Federal Reserve, said that the economy was in fact normalizing. As such, he made it clear that in next month’s FOMC meeting each member will reevaluate the current monetary policy as it reflects upon the number of interest rate hikes this year.In other words, now that our economy is becoming more robus...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
(Kitco News) - Upbeat comments on the U.S. economy from new Fed Chair Jerome Powell is dragging gold prices down to a two-week low.While markets saw little reaction to Powell’s opening remarks, which some economists deemed hawkish, they are reacting to comments during the question and answer portion of the hearing. Both gold and equities have lost ground following Powell’s optimistic o...Read More
SHANGHAI, Feb 27 (SMM) - SMM expects nickel prices to remain firm in March and stainless steel prices to be rangebound as consumption recovers with low output.We also spoke to a range of market participants in the nickel industry as they weighed in on the market post-Chinese New Year.Nickel ore: Despite a small, expected short-term rise from post-holiday stocking, nickel ore prices is expected to...Read More
SHANGHAI, Feb 27 (SMM) – While not all downstream customers have resumed operations post-Chinese New Year, SMM believes zinc prices would stay firm due to the huge decline in LME inventory.Sources at Chinese miners and smelters were mostly bullish about zinc prices as they believe the domestic zinc concentrate output addition would be limited due to still strict environmental protection poli...Read More
The latest news and price moves to start the Asian day on Tuesday February 27.Lead prices on the London Metal Exchange continued to strengthen, closing 1.4% higher at 5pm London time on Monday February 26 with its cash/three-month spread moving into backwardation. Read more in our live futures report.Here are how LME prices looked at Monday's close:The price difference between lead and zinc on the...Read More
The latest news and price moves to start the Asian day on Tuesday February 27.Lead prices on the London Metal Exchange continued to strengthen, closing 1.4% higher at 5pm London time on Monday February 26 with its cash/three-month spread moving into backwardation. Read more in our live futures report.Here are how LME prices looked at Monday's close:The price difference between lead and zinc on the...Read More