SHANGHAI, Mar 19 (SMM)? 1/4 ?Spot copper in the Shanghai market was offered at a discount of 260-220 yuan/mt on the morning of Monday March 19, SMM learned. This compared with discounts of 290-250 yuan/mt last Friday morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en...Read More
SHANGHAI, Mar 19 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightBase metals edged down as the US dollar climbed up from lows and hovered around 90.1. SHFE copper and nickel dipped, while other SHFE metals registered small gains. LME zinc and aluminium closed higher, while LME lead fell close to 1%. LME copper tumbled to a low t...Read More
SHANGHAI, Mar 19 (SMM)? 1/4 ?China's refined copper output stood at 1.48 million mt in the first two months of this year, according to data from the Chinese customs. Iron ore production during the two-month period amounted to 123.46 million mt, down 2.5% year on year; lead production stood at 845,000 mt, up 16.1% year on year; and zinc output was 957,000 mt, up 2.5% fr...Read More
Exchange-traded-fund investors appear to be using the recent pullback in gold and silver prices as a buying opportunity, says Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal moving in and out of storage as necessary to back the shares. The bank says ETF investors, who tend to have a longer-term horizon than speculators in the futures market, “have se...Read More
SHANGHAI, Mar 19 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightBase metals edged down as the US dollar climbed up from lows and hovered around 90.1. SHFE copper and nickel dipped, while other SHFE metals registered small gains. LME zinc and aluminium closed higher, while LME lead fell close to 1%. LME copper tumbled to a low t...Read More
SHANGHAI, Mar 19 (SMM) –Copper: LME copper lost the support from the five- and 10-day moving averages as the US dollar strengthened, while its SHFE counterpart performed no better. We expect LME copper to trade at $6,830-6,900/mt today, with SHFE copper at 51,400-51,900 yuan/mt. Spot discounts are seen smaller at 250-200 yuan/mt.Aluminium: LME aluminium gradually fell with resistance at the...Read More
SHANGHAI, Mar 19 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightBase metals edged down as the US dollar climbed up from lows and hovered around 90.1. SHFE copper and nickel dipped, while other SHFE metals registered small gains. LME zinc and aluminium closed higher, while LME lead fell close to 1%. LME copper tumbled to a low t...Read More
The new cry for metals is “Help! I have fallen and can’t get up.” Across the board, metals are taking a beating and need the alert button as they call for help. Gold, copper and silver are all at the bottom end of trading ranges and could be in danger of breaking down here as we wait for Wednesday’s Fed decision. Interestingly enough, the suppression of the dollar by the Fe...Read More
GENEVA (Reuters) - The United States’ nominee to lead the United Nations migration agency denied on Monday that he was anti-Islam while acknowledging a controversy over some of his social media posts and retweets in the past.“I have never shown discrimination against anybody or anything, period, other than if they need help. If they need help I always help them,” said Ken Isaacs,...Read More
Cobalt prices have consolidated their move last week to more than $40 per lb, amid increased spot demand for metal against a backdrop of tight supplies, a limited number of sellers, and strong downstream demand."The days of sub-$40 [per lb] buying are history," a trader source said on Monday March 19.High-grade cobalt prices were assessed at $41.70-43.00 per lb, in-warehouse, on March 16. This was...Read More
SHANGHAI, Mar 19 (SMM) –Copper: LME copper lost the support from the five- and 10-day moving averages as the US dollar strengthened, while its SHFE counterpart performed no better. We expect LME copper to trade at $6,830-6,900/mt today, with SHFE copper at 51,400-51,900 yuan/mt. Spot discounts are seen smaller at 250-200 yuan/mt.Aluminium: LME aluminium gradually fell with resistance at the...Read More
SHANGHAI, Mar 19 (SMM) –Copper: LME copper lost the support from the five- and 10-day moving averages as the US dollar strengthened, while its SHFE counterpart performed no better. We expect LME copper to trade at $6,830-6,900/mt today, with SHFE copper at 51,400-51,900 yuan/mt. Spot discounts are seen smaller at 250-200 yuan/mt.Aluminium: LME aluminium gradually fell with resistance at the...Read More
(Adds quotes, CEFC statement)By Jan LopatkaPRAGUE, March 19 (Reuters) - Chinese officials have told a visiting Czech delegation that the chairman of Chinese conglomerate CEFC China Energy, Ye Jianming, is under investigation and is stepping down from his post, the Czech president’s office said on Monday.A Czech subsidiary of CEFC also said there was a “planned change in the shareholder...Read More
Wall Street is a scam.I've said it probably a thousand times. It's something I know from experience. Over the past 15-plus years, I've tried just about every investing strategy in existence.I've run a hedge fund that was successful. I ran a fund of hedge funds, which means I've probably analyzed the track records and strategies of about 1,000 different hedge funds.I've written several books about...Read More
LONDON (Reuters) - Oil prices eased on Monday after rallying at the end of last week, but tensions between Saudi Arabia and Iran helped limit losses.Prices had climbed on Friday after Saudi Crown Prince Mohammed bin Salman said the kingdom would develop nuclear weapons if arch-rival Iran did.Petromatrix analyst Olivier Jakob said prices were “really giving back some of Friday’s short-c...Read More
Steel traders in the central region of Russia, around Moscow, have held back from the markets in the past week and have not accepted higher offers for April-production hot-rolled (HR) and cold-rolled (CR) sheet, Metal Bulletin has been told.Metal Bulletin's weekly assessment of the price for Russian 4mm HR sheet was unchanged at 43,000-45,000 roubles ($747-782) cpt Moscow, including VAT, on Monday...Read More
TORONTO, March 19, 2018 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation ("Amarillo" or the "Company") (TSX-V:AGC), is pleased to announce that it is proposing to complete a non-brokered private placement (the "Private Placement") of units ("Units") at a subscription price of $0.28 per Unit for aggregate gross proceeds to the Company of approximately $3,000,000. Each Unit is comprised of one co...Read More
There are about 25 million IRA accounts in the United States right now, owned by more than 20 million individual citizens.So it's quite likely that you or someone you know will inherit one of these accounts at some point in your life.What should you do with the money?Maybe pay off some debts, treat yourself to a special vacation, or put it away for retirement.Before you starting spending any of th...Read More
* Don’t expect protectionism to spread globally - BOJ Kuroda* Adds protectionist steps hurt countries that implement them* Kuroda warns against over-regulation on cryptocurrencies (Adds quotes, detail)By Leika KiharaBUENOS AIRES, March 19 (Reuters) - Group of 20 finance leaders will likely reaffirm their shared understanding on the importance of free trade, Japan’s central bank governo...Read More
Competition in the export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States has been intense over the past week, because suppliers preferred to hold back their offers despite a continued price decline for China-origin material.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $605-625 per tonne fob Black Sea on Monday Mar...Read More