* World stocks up 0.2 pct, China shares rise* Tariffs on Chinese goods kick in, Beijing retaliates* Economic barometer copper falls* Market volatility falls even as uncertainty risesBy Saikat ChatterjeeLONDON, July 6 (Reuters) - Stocks rose and the euro climbed to a three-week peak as the imposition of tariffs by the United States and China on billions of dollars of trade was absorbed calmly by ma...Read More
SHANGHAI, Jul 6 (SMM) – Copper: Increasing short positions depressed LME copper to a low of $6,306.5/mt amid risk aversion sentiment as the US confirmed its tariffs on $34 billion of Chinese goods would be effective on Friday. The SHFE 1809 contract also slumped to a low of 49,270 yuan/mt with declining open interests. Its trading range is expected at 49,200-49,700 yuan/mt today with th...Read More
(Bloomberg) -- Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy. As countries respond to U.S. tariffs and sanctions, the disarray is set to increase.Steel prices and aluminum premiums are shooting up in the U.S. thanks to tariffs, threatening to wreak havoc on manufacturers. Everywhere else metal prices are on a roller-coaster ride, with copp...Read More
Investing.com - Gold prices were lower on Friday as the U.S. dollar weakened and U.S. trade tariffs against China went into effect.Comex gold futures for August delivery decreased 0.21% to $1,256.20 a troy ounce as of 6:06 AM ET (10:06 GMT).U.S. tariffs on $34 billion worth of Chinese goods went into effect at 12:01 AM ET (04:01 GMT) on Friday, with additional tariffs on another $16 billion expect...Read More
* World stocks up 0.2 pct, China shares rise* Tariffs on Chinese goods kick in, Beijing retaliates* Economic barometer copper falls* U.S. crude price stick upBy Saikat ChatterjeeLONDON, July 6 (Reuters) - The imposition of tariffs by the United States and China on billions of dollars of trade was absorbed calmly by markets on Friday with stocks edging higher and the euro climbing a three-week peak...Read More
* U.S. tariffs on $34 bln of imported Chinese goods begin* China says will take action to respond to U.S. tariffs* Spot iron ore at lowest level in over three months (Updates prices)By Manolo Serapio JrMANILA, July 6 (Reuters) - Chinese steel prices recovered from early losses to trade firmer on Friday as Beijing's efforts to cut production capacity as part of its pollution fight have countered co...Read More
* MSCI Asia ex-Japan index up 0.4 pct, Nikkei gains 1.1 pct* Shanghai shares fall near 2016 low, then recover sharply* Tariffs on $34 bln of Chinese imports to U.S. now in effect* European markets seen opening 0.5-0.6 pct higher* Copper extends losses on worries about global growthBy Andrew Galbraith and Hideyuki SanoSHANGHAI/TOKYO, July 6 (Reuters) - Asian stocks bounced back from 9-month lows in...Read More
Nickel prices on the London Metal Exchange fell by 1.7% at the close of trading on Friday July 6, ending the week more than 4% lower while ongoing macroeconomic pressure continues to hinder the complex. Closing below $14,000 per tonne for the first time since April 13, nickel prices continued to suffer against a backdrop of falling LME inventory. Total LME nickel stocks are at their lowest si...Read More
(Adds company news items and futures)July 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 26 points higher at 7,630 on Friday, according to financial bookmakers, with futures FFIc1 up 0.44 percent ahead of the cash market open.* ROLLS-ROYCE: Rolls-Royce Holdings RR.L said it would sell its loss-making commercial marine business to Kongsberg Gruppen ASA KOG.OL for an enterprise value...Read More
Stock quotes of diamond mining companiesCompanyStockExchangeTickerPriceper shareChange(%)Market capitalization(in local currency and USD)ALROSAMICEX- RTSALRS75.200RUB0.000%553,845,415,376.00RUB9,784,926,219.00USDALROSA-NyurbaMICEX- RTSALNU163,000.000RUB0.000%130,400,000,000.00RUB2,303,809,589.00USDAfri-Can Marine MineralsCVE-AFAAFA0.000CADnan%0.00CAD0.00USDDiamond Fields International Ltd.TSX Vent...Read More
The UK light iron scrap market finally moved up this week, breaking a 12-week run of stability due to firmer demand and the conclusion of the July monthly delivery settlements to consumers next week.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?95-125 ($126-165) per tonne on Friday. This compares with the low for the year to date of ?90-11...Read More
July 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 26 points higher at 7,630 on Friday, according to financial bookmakers.* BHP BILLITON: Negotiations between workers and BHP Billiton Plc BLT.L at the Escondida copper mine in Chile, the world's largest, are "far from reaching agreement" with less than three weeks to go before the negotiation deadline, a union official told Reuters o...Read More
The US Midwest P1020 spot aluminium premium has stabilized after its recent drop, as the backwardation spread on the London Metal Exchange remained steady to end the week. American Metal Market's latest assessment of the US Midwest premium is 20-20.75 cents per lb, unchanged from earlier this week and the lowest since early April, when it was 18.75-19.25 cents per lb. As for the backward...Read More
* MSCI Asia ex-Japan index down 0.1 pct, Nikkei up 1.1 pct* Shanghai shares fall to near 2016 low, then recover* Tariffs on $34 bln of Chinese imports to U.S. now in effect* Copper extends losses on worries about global growthBy Andrew Galbraith and Hideyuki SanoSHANGHAI/TOKYO, July 6 (Reuters) - Asian stocks wobbled on Friday, as Washington slapped tariffs on Chinese imports, a move many investor...Read More
The aluminium billet upcharge in the United States has temporarily paused its climb to record highs, with the summer slowdown counteracting continued supply tightness to keep the premium on level ground. American Metal Market assessed the spot 6063 billet upcharge at 17-19 cents per lb on Friday July 6, unchanged from the previous week but still an all-time high. The bille...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, is pleased to announce that its ground-breaking synthetic diamond screening device, SYNTHdetect, has been shortlisted as a finalist for Industry Innovation of the Year in this year's JNA Awards.SYNTHdetect, launched last year, is the first synthetic diamond screening device to simultaneously test multiple st...Read More
Correspondent Dalton Barker recaps the week in the non-ferrous markets.Read More
Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in the Northern Cape, achieved “good” production during the second quarter, contributing to an 81% year-on-year increase in tonnes processed to 73 028 t for the first half of this year.Revenue per tonne processed amounted to $7.76.AdvertisementThe miner noted that 34 247 t of ore was processed in the second quart...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsKatoen Natie Singapore (Jurong) Pte Ltd has withdrawn from London Metal Exchange warehouse services with immediate effect, with the operator and name of the shed switching to Henry Bath Singapore, the LME said on Friday July 6.Metals packaging firm Ball Corp is to cease producti...Read More