SHANGHAI, Mar 26 (SMM) –Copper: While the market was rattled by the rising trade tension, crude oil saw a big jump in prices, which may give certain support to copper prices. We expect LME copper to trade at $6,620-6,670/mt today with SHFE copper at 49,700-50,200 yuan/mt. In the physical market, spot discounts are seen at 140-220 yuan/mt with thin trading activity as downstream consumers tak...Read More
The current crop of tier-one assets - many of which were discovered in the early 20th century and have been operating for several decades - are becoming uneconomic as grades fall, sustaining capital outlays rise and processing costs step up.Read More
EY said the move to more technologically advanced mine operating systems had been good for productivity but suggested some networks and even workstations were openly accessible online, with gaps coming because of lax standards away from miners' head offices.The fear of data intruders is not unreasonable. According to EY data, 55% of energy and resources companies surveyed had "experienced a s...Read More
The union representing workers at Chilean copper mine Escondida have accepted an invitation from management to "explore" early talks aimed at clinching a collective bargaining agreement, the union's President Patricio Tapia said on Saturday.Escondida, controlled by BHP, is the world's biggest copper mine.Failure to reach a labor deal caused a 44-day strike at the mine last year, which jolted the g...Read More
Investing.com – Gold prices spiked to a one-month high in morning trade in the U.S. on Friday as mounting fears over the prospect of a trade war and worries of heightened geopolitical tensions stoked demand for the precious metal.U.S. President Donald Trump announced tariffs on Thursday for about $50 billion worth of Chinese exports, citing China’s unfair seizure of U.S. intellectual p...Read More
* Investors spooked after Trump announces China tariffs* China urges U.S. to pull back from brink* Stocks on course for 1st quarterly loss since early 2016* Yen hits highest since November 2016; dollar down* U.S. Treasury yields set for biggest two-week fall since Sept* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, March 23 (Reuters) - The threat of a global trade...Read More
* Stock markets reel after Trump announces China tariffs* China urges U.S. to pull back from brink* Yen hits highest since November 2016* U.S. Treasury yields set for biggest two-week fall since Sept* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, March 23 (Reuters) - The threat of a global trade war sent stock markets sliding and investors rushing for the safety of...Read More
Investing.com – Gold prices spiked to a one-month high in mid-morning European trade on Friday as mounting fears over the prospect of a trade war stoked demand for the precious metal.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose by $13.80, or 1.04%, to $1,341.20 a troy ounce.Invoking Section 301 of the 1974 Trade Act, U.S. President Donald Tru...Read More
(Refiles with the appropriate coding for market instruments)* MSCI Asia Pacific index down 2.45 pct, Nikkei falls 4.5 pct* Spreadbetters expect European stocks to open significantly lower* Trump moves towards China tariffs, stokes trade war fears* Dollar/yen drops below 105.00 for first time since Nov 2016* Treasury yields sharply lower amid broad risk aversion* Crude up as Saudi Arabia says outpu...Read More
* MSCI Asia Pacific index down 2.1 pct, Nikkei falls 3.5 pct* Trump moves towards China tariffs, stokes trade war fears* Dollar/yen drops below 105.00 for first time since Nov 2016* Treasury yields also sharply lower amid risk aversion* Crude up as Saudis say production curbs could last into 2019* But copper, iron ore prices drop on trade angstBy Shinichi SaoshiroTOKYO, March 23 (Reuters) - The ru...Read More
* MSCI Asia Pacific index down 2.4 pct, Nikkei falls 3.2 pct* Trump moves towards China tariffs, stokes trade war fears* Dollar/yen drops below 105.00 for first time since Nov 2016* Treasury yields also sharply lower amid risk aversion* Crude up as Saudis say production curbs could last into 2019By Shinichi SaoshiroTOKYO, March 23 (Reuters) - Stock markets slid and perceived havens such as governm...Read More
Gold has firmed above $1300 in recent days and is holding comfortably above $1300 for now. We think the market will break to the upside sometime this year. The question is when. Here are 3 things to watch that will tell us if Gold is on the cusp of that break-out soon or later.First, keep your eye on Gold's close at the end of next week. It's not only the end of the week and month but also the end...Read More
The junior gold miners' stocks have spent much of the past year grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling taxphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn't mislead them. The juniors' recent Q4 results pro...Read More
Soaring cobalt and lithium prices are not just spurring an exploration frenzy as more and more companies want a piece of the attractive batteries metals pie, but they are also pushing some companies to look for them where others have not.Australian Neometals (ASX:NMT), which is building a plant to recover raw materials including lithium, cobalt, nickel and copper from expired batteries in Canada,...Read More
* Trump initiates trade action against China* Dollar swoons early, then rebounds* Spot gold down, gold futures settle up (New throughout, updates prices, market activity and comments, adds second byline and NEW YORK dateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, March 22 (Reuters) - Spot gold dipped on Thursday as the U.S. dollar pared losses on safe-haven buying from investors fear...Read More
* STOXX 600 down 1.6 pct to 2-week low* Banks, miners, tech lead sectoral fallers* Reckitt gains after pulling out of Pfizer (NS:PFIZ) race (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON, March 22 (Reuters) - Concerns about trade sent European shares tumbling on Thursday as the United States prepared to announce hefty tariffs on Chinese imports, with banks, basic resources sto...Read More
Investing.com - Gold prices were trading near their highest levels in two weeks in midday trade on Thursday, after a less hawkish than expected Federal Reserve and amid growing concerns over trade tariffs.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were up $6.50, or 0.49% to $1,328.00 a troy ounce by 11:52 AM ET (13:52GMT). That was its highest level s...Read More
* Dollar weakens broadly as trade worries compound Fed effect* China bumps up short-term rates slightly* Oil stalls at six-week high* European shares seen 0.1 to 0.4 pct lowerBy Marc JonesLONDON, March 22 (Reuters) - The threat of a global trade war and a steady message from the Federal Reserve on U.S. interest rates pushed the dollar to its lowest in over a month on Thursday and took Europe's mai...Read More
(Corrects day in first paragraph to Thursday from Wednesday)MUMBAI, March 22 (Reuters) - India's Multi Commodity Exchange (MCX) MCEI.NS will start trading in brass futures from next week as it tries to provide a benchmark price and hedging tool to the industry, the bourse said on Thursday.MCX will start trading in three contracts of brass, an alloy made of copper and zinc, from March 26.The lot si...Read More
* Dollar weakens broadly after Fed forecast 2 more hikes in 2018* Fed upbeat on economy; notch up 2019, 2020 forecast* New PBOC Governor bumps up short-term rates slightly* Oil at 6-week high on U.S. inventory, OPEC stance* European shares seen 0.1-0.4 pct lowerBy Hideyuki SanoTOKYO, March 22 (Reuters) - The U.S. dollar slipped on Thursday after the Federal Reserve held back from increasing the pa...Read More