The latest news and price moves to start the Asian day on Wednesday February 28.Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday February 27, with the dollar index surging to its highest level since the start of the month. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices were again trading in negativ...Read More
SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More
SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More
David Linsley and Thomas Horton from Pembridge Resources plc (LON:PERE) update Proactive on the latest since their decision earlier this month to acquire Yukon-based Minto Explorations.In 2017, the open pit mine produced 16,332 tonnes of copper, 170,809 ounces of silver and 25,205 ounces of gold.This year, vendor Capstone Mining has forecast 19,000 tonnes of copper at a cash cost of US$2.35 to US$...Read More
SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More
TORONTO, Feb 27 (Reuters) - Canada's main stock index fell on Tuesday as weakness in the prices of gold, silver and oil weighed on shares of mining and energy companies.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 43.51 points, or 0.28 percent, at 15,671.15. (Reporting by John Tilak Editing by James Dalgleish)Keywords: CANADA STOCKS/CLOSE Disclaimer: The views...Read More
Copper hit by a slight bout...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
The latest metal markets news and price moves to start the North American day on Tuesday February 27.Base metals prices on the London Metal Exchange were mostly firmer during morning trading, but no significant movements are taking place.The three-month aluminium price was $20 higher as it pushed back above $2,150 per tonne after further cancellations at LME-listed warehouses. 24,900 tonnes was ca...Read More
"This comment usually gets a hearty laugh, which merely goes to show how little most people have determined it actually to be a problem. But consider how many times has the following sequence of events occurred? For a full year, you trade futures contracts, making $1000 here, losing $1500 there, making $3000 here and losing $2000 there. Once again, you enter a trade because your (trading) method t...Read More
SHANGHAI, Feb 27 (SMM) - Copper: We see SHFE copper gaining support at 53,000 yuan/mt in the short term as recovery of downstream consumption is set to boost copper prices. We expect LME copper to trade at $7,080-7,150/mt and the SHFE 1804 contract to trade at 53,190-53,700 yuan/mt today.Aluminium: With pressure from short bets, we expect LME aluminium to continue to test the 60-day...Read More
SHANGHAI, Feb 27 (SMM) - Copper: We see SHFE copper gaining support at 53,000 yuan/mt in the short term as recovery of downstream consumption is set to boost copper prices. We expect LME copper to trade at $7,080-7,150/mt and the SHFE 1804 contract to trade at 53,190-53,700 yuan/mt today.Aluminium: With pressure from short bets, we expect LME aluminium to continue to test the 60-day...Read More
NEW YORK, Feb 27 (Reuters) - U.S. stocks suffered their biggest daily drops since the sell-off almost three weeks ago after comments from Federal Reserve Chairman Jerome Powell on Tuesday sparked concerns about more interest-rate increases than expected this year.The Dow Jones Industrial Average fell 299.24 points, or 1.16 percent, to 25,410.03, the S&P 500 lost 35.32 points, or 1.27 percent,...Read More
Michael Infante, chairman and chief executive of the music streaming specialist One Media IP Group Plc (LON:OMIP), tells Proactive's Andrew Scott they more than doubled underlying profits in the latest full year as the trend for downstream music gathered pace.Revenues rose by 14% to ?2.33mln, while underlying profit [EBITDA] jumped 121% to ?536,000.The group's copyright and content search tool T...Read More
SHANGHAI, Feb 27 (SMM) - Copper: We see SHFE copper gaining support at 53,000 yuan/mt in the short term as recovery of downstream consumption is set to boost copper prices. We expect LME copper to trade at $7,080-7,150/mt and the SHFE 1804 contract to trade at 53,190-53,700 yuan/mt today.Aluminium: With pressure from short bets, we expect LME aluminium to continue to test the 60-day...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Tuesday February 27.Copper prices on the Shanghai Futures Exchange retreated during Asian morning trading on Tuesday, with a strong performance by the dollar overnight leaving investors cautious and on the lookout for further direction. Check Metal Bulletin's live futures report here.LME s...Read More
Lead prices being held back,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
QUESTION: Mr. Armstrong; The goldbugs are saying that China, Russia, India are “rogue” rising economic powers that are rogue nations. They cite David Stockman who preaches the U.S. economy is in deep trouble thanks to its “massive indebtedness” and they seem to ignore what you have pointed out that the USA is in the best shape. They also cite that there is a “mass...Read More
Published on: Feb 23, 2018 | by Meagan EvansMarquee Resources Limited (ASX:MQR) has announced that it has completed the acquisition of Canadian Co27 Pty Ltd. The acquisition delivers MQR interests in three exploration projects located in Canada which are prospective for cobalt.The deal was completed under the agreements for the Werner Lake Project, the Werner Lake / East Project and the Skeleton P...Read More
Déjà vu as Chinese NPI production surprised...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More
SEOUL, Feb 28 (Reuters) - South Korean manufacturers' business confidence weakened a bit for March, a central bank survey showed on Wednesday.The Bank of Korea's manufacturing business survey index (BSI) for March stood at 79 on a seasonally adjusted basis, down marginally from 80 in February. But a March reading that was not adjusted for seasonal factors rose 82 from 77 a month earlier, clouding...Read More