BEVERLY HILLS, Calif. (Reuters) - The titans of finance who flock to the annual Milken Institute Global Conference each spring say they believe their quest for profits can also make the world a better place.At the Beverly Hills, California, event featuring lavish parties, celebrities and big Wall Street names, speakers argued that chasing returns does not have to come with a social or environmenta...Read More

(Kitco News) - Gold bounced nicely off strong support at the $1,302 level yesterday, with follow-through buying as the Chinese returned from holiday. It's too early to call a bottom, as the dollar remains bid. The key level we are watching is the 1.20 euro/dollar area. This support line has held for months and an overlay of gold prices to the euro/dollar chart are in sync. Today we have the Federa...Read More

SHANGHAI, May 2 (SMM) – Weak demand and the new, lower value-added tax (VAT) weighed down spot copper offers in Shanghai on Wednesday April 2. Spot copper with invoices for May was mostly offered at a discount of 50 yuan/mt to a premium of 20 yuan/mt over the SHFE 1805 contract. Prices fell in both the copper futures and spot market in Shanghai on the first trading day after the Labour...Read More

Zinc Tips – RISK Taker BUY Zinc at CMP 206 for Target 207 – 207.60 with SL below price 204.90AFTER POST CONTENT Read More

SHANGHAI, May 2 (SMM) – China’s zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 800 mt to 154,500 mt as of Wednesday May 2 after the Labour Day holiday. SMM data showed that fewer deliveries arriving in Shanghai accounted for an inventory decline of 5,500 mt.For the same period, inventories in Guangdong rose 1,000 mt to 41,200 mt while invent...Read More

* Fed keeps rates unchanged, on track to raise rates in June* Apple shares rise, day after results (Adds details on reaction to the Fed, oil settlements)By Caroline ValetkevitchNEW YORK, May 2 (Reuters) - The dollar was off its highs of the day and Treasury yields eased on Wednesday after the Federal Reserve held interest rates steady and gave no signals it was in a rush to increase the pace of ra...Read More

FTSE 100 gains 23 pointsUK Construction PMI beats expectationsHousebuilding shares stay weakPound lifts off a 4 month lowThe FTSE 100 rose for the fifth session in a row on Wednesday, helped by a recovery in metal prices.The FTSE 100, chock-full as it is with mining companies, rose 23 to close at 7,543.Steel giant Evraz plc (LON:EVR), up 5.2%, led the advance, followed closely by mining titans Ang...Read More

SHANGHAI, May 2 (SMM) – China's import of ternary precursors in February grew 24% month on month but fell 38% on the year, according to data from China Customs. China imported about 132 mt of ternary precursors in February. Average import prices fell 3% from January as a batch of low-priced scrap was included in February's imports and this lowered overall prices. The F...Read More

The way the metals have been trading, they shouldn't be entering any beauty contests; they have been ugly. Now that gold has broken key support of $1,310, trading down to $1,302 on Tuesday, it's time for the gold bulls to buckle up. A break below $1,300 brings the $1,240 level back into play. Today at 2 p.m. EDT, the Fed and Chair Powell will announce their decision on interest rates. There is no...Read More

RAPAPORT... The liquidators of Kimberley Diamonds' Lerala mine in Botswana will offer theproject at an online auction later this month afterfailing to secure viable bids. Kimberley placed its Lerala subsidiary into judiciarymanagement - a restructuring option for insolvent companies - in June last yeardue to a lack of funding, media reports said at the time. Lerala produced about59,000 carats in t...Read More

Zinc Tips – Zinc BUY Call 751 given at price 207.05 (207.50+206.60) Triggered SL at price 206. Total 1.05 Points per lotTIPS ID 751 : Zinc Intraday - BUY Zinc at CMP 207.50 Add more at price 206.60 with SL 206 for Target 209 - 209.90AFTER POST CONTENT Read More

SHANGHAI, May 2 (SMM) – Imported copper concentrate traded actively as smelters saw stronger demand for stockpiling in the second quarter of the year, SMM learned. Traded prices of  treatment charges (TCs) mostly stood at $73-76/mt, according to members of the China Smelters Purchase Team (CSPT).Market participants took a pessimistic outlook on TCs in the second half of the ye...Read More

SHANGHAI, May 2 (SMM) –Copper: LME copper fell under the pressure of stronger US dollar during the Labour Day holiday. Technically, it now stands below all moving averages and without support. We expect it to trade at $6,740-6,800/mt today with the SHFE 1806 copper at 51,000-51,500 yuan/mt. Spot discounts are seen at 100-50 yuan/mt with May invoices.Aluminium: LME aluminium is expe...Read More

Midatech Pharma Plc (LON:MTPH) (NASDAQ:MTP) shares doubled in price in late afternoon trading on Wednesday, adding 24.5p to 49p amid excitement over takeover moves in the biotech sector and on vague rumours of positive trial results, according to traders.The AIM-listed specialty pharmaceutical company - focused on the research and development of a pipeline of medicines for oncology and other thera...Read More

SHANGHAI, May 2 (SMM) –Copper: LME copper fell under the pressure of stronger US dollar during the Labour Day holiday. Technically, it now stands below all moving averages and without support. We expect it to trade at $6,740-6,800/mt today with the SHFE 1806 copper at 51,000-51,500 yuan/mt. Spot discounts are seen at 100-50 yuan/mt with May invoices.Aluminium: LME aluminium is expe...Read More

BRUSSELS (Reuters) - The European Commission proposed a bigger new multi-year budget on Wednesday that will trigger battles among member states over how to fill the funding gap left by Britain’s exit next year.The Dutch led the charge for rich northern states unwilling to step into the Brexit breach: “A smaller EU ... should have a smaller budget,” Prime Minister Mark Rutte said....Read More

Exchange-traded-product investors increased their exposure to gold over the past week, says Standard Chartered. The products trade like a stock but track the price of the commodity, with metal put into storage to back the shares. Gold ETP holdings rose 9 tonnes. However, investors reduced their exposure to the other precious metals, Standard Chartered points out. Silver outflows reached 343 tonnes...Read More

Aluminium Calls – Our Aluminium BUY Call 74c given at 151 Achieved 2nd Target 152.40. CMP 153.30. Total profit of 1.4 x 2 lot = 2.80 PointsTIPS ID 74c : Aluminium Tips - BUY Aluminium at CMP 151 for Target 151.70 - 152.40 with SL below price 150.10AFTER POST CONTENT Read More

SHANGHAI, May 2 (SMM) – Spot copper in the Shanghai market was offered at a discount of 20 yuan/mt to a premium of 20 yuan/mt against the SHFE 1805 contract on the morning of Wednesday May 2, SMM learned.  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@smm.cn Read More

LONDON (Reuters) - Britain’s upper house on Wednesday voted to give parliament the power to stop any Brexit deal that might restore a hard border across the island of Ireland, in the latest defeat for Prime Minister Theresa May’s government.The House of Lords voted 309 to 242 in favor of the amendment to the government’s key Brexit blueprint that will sever political, financial a...Read More