SHANGHAI, Mar 9 (SMM) – Nonferrous metals on the SHFE mostly dropped today except for tin, which inched up slightly. Zinc fell over 2%, copper slid almost 2%, and nickel dipped over 1%, while aluminium and lead edged down slightly.The ferrous complex saw larger drops in the afternoon as iron ore led the slump with a decline more than 5%. Coke dropped 4.7%, rebar slipped nearly 4%, while hot-...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Equity indices moved higher following release of the February Employment Report at 8:30 AM EST. Consensus for February Non-farm Payrolls was 205,000 versus 239,000 in January. Actual was 313,000. Consensus for February Unemployment Rate was a slip to 4.0% from 4.1% in January. Actual was...Read More
(Adds Trump speaking with Australian PM Turnbull)* Treasury Secretary Mnuchin opens way for more exemptions* Japan, EU deny exports threaten U.S. national security* Brazil, Argentina, South Korea, Australia want waivers* Top trade academic dubs Trump tariffs "small potatoes" * Chinese steel makers demand retaliation on coalBy Lindsay Dunsmuir, Robin Emmott and Ruby LianWASHINGTON/BRUSSEL...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Friday March 9.Base metals traded on the Shanghai Futures Exchange were broadly weaker during Asian morning trading on Friday, with only aluminium and tin prices moving higher, after US President Donald Trump signed off on his much-anticipated tariffs on steel and aluminum imports into the...Read More
Editor's Note: Gold and silver have 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. (K...Read More
SHANGHAI, Mar 9 (SMM) – China's car sales are expected to be flat in 2018 due to sluggish demand, according to the China Automobile Dealers Association (CADA).Inventory pressure in China's automobile market eased in February, as the vehicle inventory alert (VIA) index came in at 52.3, showed data from CADA.The February VIA index fell 14.9 month on month, but...Read More
The following is a summary of our recent podcast, "ITR's Alan Beaulieu on Second Half Slowdown, 2019 Recession," which can be accessed on our site here or on iTunes here.Since the release of Prosperity in an Age of Decline in 2014, Dr. Alan Beaulieu, president of ITR Economics, has said on our podcast many times that a US recession was unlikely until around the 2019 timeframe a...Read More
SHANGHAI, Mar 9 (SMM) – China's car sales are expected to be flat in 2018 due to sluggish demand, according to the China Automobile Dealers Association (CADA).Inventory pressure in China's automobile market eased in February, as the vehicle inventory alert (VIA) index came in at 52.3, showed data from CADA.The February VIA index fell 14.9 month on month, but...Read More
SHANGHAI, Mar 9 (SMM) – China's car sales are expected to be flat in 2018 due to sluggish demand, according to the China Automobile Dealers Association (CADA).Inventory pressure in China's automobile market eased in February, as the vehicle inventory alert (VIA) index came in at 52.3, showed data from CADA.The February VIA index fell 14.9 month on month, but...Read More
LONDON, March 9 (Reuters) - Britain will work with theEuropean Union to consider the scope of any exemptions fromimpending U.S. tariffs on metals after President Donald Trumpintroduced levies on steel and aluminium imports, Prime MinisterTheresa May's spokesman said on Friday.The EU has said it should be exempt from the tariffs as thebloc is a close ally of the United States. Britain is preparingt...Read More
Earlier this week, I attended the annual Prospectors & Developers Association of Canada (PDAC) conference in Toronto. It is the premier destination for mining companies to mingle with suppliers, customers, potential investors, consultants, and analysts. Not only is this a must-attend event for professional mining investors such as myself, PDAC can also be a very good gauge of sentiment in the...Read More
SHANGHAI, Mar 9 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar rebounded above 90 overnight, while base metals saw mixed trading. SHFE copper, zinc, nickel dropped over 1%, lead edged down, while aluminium and tin inched up. LME nickel slid over 2%, copper lost close to 2%, while lead and zinc fell over 1%.China...Read More
SHANGHAI, Mar 9 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar rebounded above 90 overnight, while base metals saw mixed trading. SHFE copper, zinc, nickel dropped over 1%, lead edged down, while aluminium and tin inched up. LME nickel slid over 2%, copper lost close to 2%, while lead and zinc fell over 1%.China...Read More
Published on: Mar 8, 2018 | by finfeedLithium Australia NL (ASX:LIT), a small-cap looking to mine lithium as well as establish a vertically integrated lithium processing business, is undertaking the final steps towards getting its large-scale pilot plant up and running.At this stage, as the company finishes its front-end engineering and design studies, it is also assessing feed sources for the fir...Read More
SHANGHAI, Mar 9 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar rebounded above 90 overnight, while base metals saw mixed trading. SHFE copper, zinc, nickel dropped over 1%, lead edged down, while aluminium and tin inched up. LME nickel slid over 2%, copper lost close to 2%, while lead and zinc fell over 1%.China...Read More
(Adds context)PARIS, March 9 (Reuters) - Europe must respond to U.S.President Donald Trump's new tariffs on steel and aluminium witha united voice if its eventual counter-measures are to have animpact, French Finance Minister Bruno Le Maire said on Friday.Trump pressed ahead on Thursday with import tariffs of 25percent on steel and 10 percent for aluminum but exempted Canadaand Mexico and offered...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsSwitzerland-based Tiberius Group is making a return to base metals trading under the helm of former TMT Metals head trader Arefe Khosravi, with a focus on refined aluminium, several industry sources have said. Unionized workers at Antofagasta's Los Pelambres mine in Chile have v...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 9 (SMM) –Copper: As news of the simmering trade war rattled markets and as global inventories remained at highs from last year, base metals slumped across the board. We expect LME copper to weaken to $6,700/mt in the short term and to trade at $6,790-6,950/mt today. We see SHFE copper trading at 51,300-51,800 yuan/mt. In the physical market, spot discounts a...Read More
SHANGHAI, Mar 9 (SMM) –Copper: As news of the simmering trade war rattled markets and as global inventories remained at highs from last year, base metals slumped across the board. We expect LME copper to weaken to $6,700/mt in the short term and to trade at $6,790-6,950/mt today. We see SHFE copper trading at 51,300-51,800 yuan/mt. In the physical market, spot discounts a...Read More