(Adds company news item)Jan 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 13 to 19 points higher, or up as much as 0.3 percent on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.5 percent ahead of the cash market open.* The UK blue chip index , which touched a three-week low the previous day, had a volatile session after the UK Supreme Court ruled that Prime M...Read More
SEOUL, Jan 25 (Reuters) - South Korea bought 1,500 tonnes of copper and a total of 2,000 tonnes of zinc for April arrival via tenders that closed on Tuesday, state-run Public Procurement Service said on its website (http://www.g2b.go.kr).Details of the purchases are as follows:--CopperTONNES(M/T) ORIGINSUPPLIER/PREMIUM(PER TONNE)1,500 South Korea LS Nikko Copper Co Ltd/ $65--ZincTONNES(M/T) ORIGIN...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ? China releases data on its import and export of copper in December 2017 (Unit: mt): Read More
SHANGHAI, January 25 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Copper: The market is monitoring SHFE copper to see if it reaches 54,000 yuan/mt today. LME copper is expected to trade at $7,050-7,200/mt while SHFE 1803 is to trade at 53,500-54,200 yuan/mt. Spot discounts are expected at 120-70 yuan/mt.Aluminium: LME aluminium performed poorer than other base metals, testing support at $2,250/mt, and is expected to tr...Read More
The world's number one mining company BHP Billiton (NYSE:BHP) reported record half-year production at its Western Australia iron ore division on Tuesday.The Melbourne-based giant said thanks to the continued ramp up of additional capacity at its Jimblebar operations in Western Australia production at its iron ore unit rose 4% year-on-year to 117.6m tonnes for the six months to end-December.For the...Read More
On Tuesday copper for delivery in March closed more than 2% higher in New York at $2.7085 per pound or just under $6,000 a tonne. It was the highest close since June 2015 and in after hours trade the metal added to gains, last trading at $2.72.Copper has advanced 40% since hitting near-six year lows this time last year, with most of those gains coming in the last four months.Copper's latest leg up...Read More
Shares Pistol Bay Mining Inc. (TSX-V: PST) were up more than 45% on Tuesday mid-morning after the company announced that joint venture partner Rio Tinto will start drilling at its "C Blocks" uranium properties in Saskatchewan's Athabasca Basin.The move means that the world's second largest miner is moving forward with the planned acquisition of the uranium assets, located close to Cameco's McArt...Read More
* Dollar steadies after dip on Mnuchin strong dollar comments* Trump talks protectionism, border taxes rather than stimulus* Japanese shares pressured as yen highest in nearly 8 weeks* Sterling dips after UK court ruling on Brexit vote* Oil and bulk metals boosted date, by recent dollar declineBy Marc JonesLONDON, Jan 24 (Reuters) - The dollar and world stocks tip-toed higher on Tuesday, as signs...Read More
* Dollar steadies after dip on Mnuchin strong dollar comments* Trump talks protectionism, border taxes rather than stimulus* Japanese shares pressured as yen highest in nearly 8 weeks* Sterling dips briefly after UK court ruling on Brexit vote* Gold, oil and bulk metals boosted by recent dollar declineBy Marc JonesLONDON, Jan 24 (Reuters) - The dollar steadied on Tuesday, recovering from a dip on...Read More
Investing.com - Gold prices edged lower during European morning trade on Tuesday, pulling back from the prior session's two-month peak as the dollar firmed after earlier losses.Gold for February delivery on the Comex division of the New York Mercantile Exchange dipped $2.00, or around 0.2%, to $1,213.55 a troy ounce by 4:10AM ET (09:10GMT), after rallying $10.70, or 0.9%, a day earlier.The U.S. do...Read More
(Adds company news items, futures)Jan 24 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 16 points higher on Tuesday, according to financial spreadbetters, with futures FFIc1 up 0.3 percent ahead of the cash market open.* The UK blue chip index fell 0.7 percent, down after the pound rose to a one-month high against the dollar. It ended down 0.66 percent at 7151.18 points on Monday....Read More
Jan 24 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 16 points higher on Tuesday, according to financial spreadbetters.* The UK blue chip index fell 0.7 percent, down after the pound rose to a one-month high against the dollar. It ended down 0.66 percent at 7151.18 points on Monday. BOVIS/BERKELEY: British housebuilders Bovis BVS.L and Berkeley BKGH.L see little logic in a merger,...Read More
SHANGHAI, Jan 24 (SMM)? 1/4 ?Nonferrous metals futures traded lower this afternoon, only nickel and tin edging up slightly. Copper led the loss among base metals with a 1.7% drop, while zinc lost 1%. Aluminium and lead slightly dropped.The ferrous complex saw mixed trading today. While iron ore dropped 1%, coking coal, hot-rolled coil and rebar rose around 1%. Coke also gained 0.5%.Copper: Chinese...Read More
China Copper Group has generated 706 million yuan of profits in 2017, setting a new record high since its establishment. The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article. Read More
SHANGHAI, Jan 24 (SMM)? 1/4 ?Copper: Surging inventory has seen LME copper prices wander around the $7,000/mt level for a few days. Inventory levels and changes in spot premiums would set the tone for future LME copper movement in the short term. On the SHFE, open interest has increased to 708,000 lots with many of them speculative bets. We see increased volatility in the near term.Aluminium: LME...Read More
The surge in the copper price to near 18-month highs following Donald Trump's win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.Bullishness about the impact of Trump's $500 billion infrastructure plans has cooled down considerably since then, but at $2.6430 per pound ($5,872 a tonne) in New York on Monday the bellwether metal is up...Read More