SHANGHAI, Mar 8 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe base metals fell across the board as US dollar rebounded and as the trade war brews. SHFE aluminium and lead slid over 1%, copper dropped close to 1%, while LME lead lost over 2% and aluminium fell close to 2% to a three-month low.China's foreign-exchange reserves i...Read More
SHANGHAI, Mar 8 (SMM) – The copper spot market in Shanghai was less active on Thursday March 7 than a day earlier with the red metal trading at a discount of 130-70 yuan/mt. As the SHFE copper edged down today with resistance at the five-day moving average, spot prices faced pressure with reluctant buyers.At noon, higher-grade copper traded at 51,720-51,800 yuan/mt, SMM learned. Fo...Read More
SHANGHAI, Mar 8 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe base metals fell across the board as US dollar rebounded and as the trade war brews. SHFE aluminium and lead slid over 1%, copper dropped close to 1%, while LME lead lost over 2% and aluminium fell close to 2% to a three-month low.China's foreign-exchange reserves i...Read More
WASHINGTON/SANTIAGO (Reuters) - President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Trump has offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade,” a gesture aimed at putt...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Thursday March 8.Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Thursday, influenced by the weak performance of prices on the London Metal Exchange overnight. Only nickel prices managed to post any gains, supported by the bullishness s...Read More
SHANGHAI, Mar 8 (SMM) –Copper: LME copper touched a low of $6,900/mt with resistance from moving averages. We expect it to trade at $6,900-6,970/mt and the SHFE 1805 contract to trade at 52,000-52,600 yuan/mt today. In the physical market, spot discounts are seen smaller at 100-40 yuan/mt. Aluminium: LME aluminium edged down overnight and is set to test support...Read More
SHANGHAI, Mar 8 (SMM) –Copper: LME copper touched a low of $6,900/mt with resistance from moving averages. We expect it to trade at $6,900-6,970/mt and the SHFE 1805 contract to trade at 52,000-52,600 yuan/mt today. In the physical market, spot discounts are seen smaller at 100-40 yuan/mt. Aluminium: LME aluminium edged down overnight and is set to test support...Read More
SHANGHAI, Mar 8 (SMM) – China's imports of unwrought copper and copper products in February stood at 352,000 mt, down 20% month on month while up 3.5% year on year, according to China Customs.The month-on-month drop was mainly due to the Chinese New Year holiday. However, losses made in copper imports last month also put a cap on the overall volumes.Imports for the first two months of th...Read More
Base metals traded on the London Metal Exchange are split into two camps this morning, Thursday March 8, with copper ($6,924 per tonne), nickel, zinc and tin prices all down by an average of 0.6%, while aluminium and lead prices are up by an average of 0.3%.Volume has been average with 7,370 lots traded as of 06.43am London time. This follows a day of weakness on Wednesday when prices were down by...Read More
The United States is expected to announce the official Section 232 import tariffs in the next five hours - keep up to date with all the 232-related news.To see...Read More
RAPAPORT... Alrosa's sales soared 35% to $541.9 million in February,strengthened by significant demand ahead of the Chinese holiday season. "In February, the core diamond markets were quite strong," Yury Okoemov, deputy CEO, said Wednesday. "The diamond-cutting sector continues [to replenish] its stock. Demand for diamond products was also backed up bygood jewelry sales in China on the eve of the...Read More
Stephen O'Hara, chief executive of OptiBiotix Health plc (LON:OPTI) tells Proactive's Andrew Scott their SlimBiome weight management technology will be used in US partner Cereal Ingredients' (CII) Nutri-Bites range of cereal products.The partnership will extend the application of SlimBiome (R) into products such as breakfast cereals and cookies, cakes as well as a range of healthy snacks, yoghurts...Read More
SHANGHAI, Mar 8 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe base metals fell across the board as US dollar rebounded and as the trade war brews. SHFE aluminium and lead slid over 1%, copper dropped close to 1%, while LME lead lost over 2% and aluminium fell close to 2% to a three-month low.China's foreign-exchange reserves i...Read More
Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...Read More
One Stone Media's Patrick Dooley speaks to Proactive Investors' Andrew Scott about the Crypto Investor Show taking place in London on March 10.The show will take place at the QEII Centre in Westminster and is attempting to make the cryptocurrency space accessible to traditional and 'everyday' investors.Dooley says that topics covered will include the history of the sector as well as the applicatio...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
SHANGHAI, Mar 8 (SMM) –Copper: LME copper touched a low of $6,900/mt with resistance from moving averages. We expect it to trade at $6,900-6,970/mt and the SHFE 1805 contract to trade at 52,000-52,600 yuan/mt today. In the physical market, spot discounts are seen smaller at 100-40 yuan/mt. Aluminium: LME aluminium edged down overnight and is set to test support...Read More
The man who is killing the Euro as a viable currency is none other than Donald Franciszek Tusk who is a Polish politician who has been the President of the European Continue...Read More
RAPAPORT... Sales of jewelry, watches and other luxury items in HongKong rose in January, despite the Chinese New Year falling out a month laterthan last year, according to the municipality's data authority. January retail sales for the category increased 10% year onyear to $1.03 billion (HKD 8.07 billion), Hong Kong's Census and StatisticsDepartment reported last week. Total retail sales for all...Read More
Andy Blundell, chief executive of Communisis PLC (LON:CMS) updates Proactive's Andrew Scott on strong progress in 2017 and exciting prospects for 2018.The company announced it is planning to open a new office in Hong Kong as well as strong grounding in New York.Communisis has also won a new business stream in marketing communication with one of its major clients. Meet AusCann Group Holdings...Read More