SHANGHAI, May 3 (SMM) – Nonferrous metals futures mostly inched up except for zinc on Thursday May 3. SHFE aluminium rose nearly 1%, while copper, lead, nickel, and tin went up slightly.The ferrous complex also rose for the most part. Coke gained over 1.5%, coking coal and iron ore grew more than 1%. Hot-rolled coil fell nearly 1%, and rebar edged down.Aluminium: As LME aluminium g...Read More

SHANGHAI, May 3 (SMM) – Just one company received approval to import copper scrap in the 11th batch of approvals for restricted solid scrap material imports released on Thursday May 3, SMM learned.The company, located in Qingyuan city in Guangdong province, was approved to import 6,862 mt of copper scrap this year. Overall approved copper scrap imports in the 11 batches this y...Read More

SHANGHAI, May 3 (SMM) – Nonferrous metals futures mostly inched up except for zinc on Thursday May 3. SHFE aluminium rose nearly 1%, while copper, lead, nickel, and tin went up slightly.The ferrous complex also rose for the most part. Coke gained over 1.5%, coking coal and iron ore grew more than 1%. Hot-rolled coil fell nearly 1%, and rebar edged down.Aluminium: As LME aluminium g...Read More

Gold demand had a soft start to 2018, reaching 973 tonnes (t), the lowest first quarter since 2008. This was largely caused by a fall in investment demand for gold bars and gold-backed exchange-traded funds (ETFs), as a subdued gold price environment hampered demand. Global jewellery demand was roughly flat at 488t, down 1% on Q1 2017. Demand in China was buoyed by holiday demand, and US...Read More

Wall Street is aghast at Elon Musk's dismissive attitude toward analysts' probing following a quarter of record (but less than expected) losses for Tesla, but the electric vehicle maker did provide some answers to questions that's been vexing the mining industry.Benchmark Mineral Intelligence, a provider of price information and research on battery supply chains, parsed the numbers after Tesla gav...Read More

RAPAPORT... Lucara Diamond Corp. has appointed Naseem Lahri as the firstfemale managing director of its Boteti Mining subsidiary, which owns thehigh-value Karowe mine. "I am delighted to be welcoming Naseem into her new role asmanaging director of Boteti, the first woman and the first Motswana woman toserve in this capacity for a diamond company in Botswana," Lucara CEO EiraThomas said Tuesday. "N...Read More

(Kitco News) - Gold prices are moderately up in early-afternoon U.S. trading Thursday, on some bargain hunting in the cash market and on short covering in the futures market. A slightly weaker U.S. dollar index and modestly lower U.S. stock indexes today are also slightly supporting the precious metals markets. June Comex gold futures were last up $7.60 an ounce at $1,313.30. July Comex silver was...Read More

Free Nickel Metal Tips – Nickel SELL Call 77c given at price 944 Achieved 1st Target 931. CMP 931. Total profit of 13 x 2 lot = 26 Points77c : Nickel Carry Call - SELL nickel at CMP 944 Add more at price 955 with SL 962 for Target 931 - 924. RISK Taker trade 2 lotsAFTER POST CONTENT Read More

May 3 (Reuters) - Egypt-focused gold miner Centamin said its first-quarter profit more than doubled, helped by higher gold production, better prices and lower sales costs.Profit before tax rose to $65.4 million in the three months ended March 31, from $29.47 million a year earlier.Gold sales rose 13.9 percent to 131,045 ounces, while average realised gold price rose about 9 percent to $1,328 per o...Read More

Base metals prices on the London Metal Exchange were for the most part little changed on the morning of Thursday May 3, with copper prices up just 0.1% at $6,825 per tonne. The exceptions were zinc prices, which were down 1% at $3,080 per tonne and lead prices that were up 0.5% at $2,290 per tonne. Volume on the LME has been average, with 6,196 lots traded as of 07:02 am London time. This follows...Read More

Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (the “Company”, TSX Venture Exchange: CZX) is pleased to announce that the Company will change its name from “Canada Zinc Metals Corp.” to “ZincX Resources Corp.” and will commence trading on the TSX Venture Exchange under the new name and the new stock symbol “ZNX” beginning Monday...Read More

SHANGHAI, May 3 (SMM) –Copper: As the US dollar index rebounded to a fresh high, LME copper traded rangebound overnight and SHFE copper’s trading range fell slightly. We expect LME copper to trade at $6,770-6,820/mt today with the SHFE 1806 contract at 50,800-51,200 yuan/mt. In the physical market, offers are stabilising as futures consolidate. Spot discounts are seen at 60-20 yuan/mt....Read More

SHANGHAI, May 3 (SMM) – An inflow of imported zinc is likely to weigh on domestic prices after the arbitrage window opened in May.Several factors contributing to the opening of the arbitrage window include a delivery of 56,500 mt into LME warehouses last month, a declining social inventory in China amid the high season, and the value-added tax (VAT) cut in China. This has led the SHFE/LME pr...Read More

SHANGHAI, May 3 (SMM) – Nonferrous metals futures mostly inched up except for zinc on Thursday May 3. SHFE aluminium rose nearly 1%, while copper, lead, nickel, and tin went up slightly.The ferrous complex also rose for the most part. Coke gained over 1.5%, coking coal and iron ore grew more than 1%. Hot-rolled coil fell nearly 1%, and rebar edged down.Aluminium: As LME aluminium g...Read More

Gloo Networks Plc (LON:GLOO) shares advanced 18.5%, trading at 45.62p, after the company said it would return all its remaining capital to shareholders as part of a voluntary liquidation of the company.Shares in Midatech Pharma Plc (LON:MTPH) slumped 21.5%, to 36.11p, but, the company issued a statement saying that it was "not aware of any reason for the price movement."Anglo African Oil & Gas...Read More

They are a mix of mainly contract miners and drillers, and engineers with primary exposure to brownfields capital expenditure (see table below).Read More

Zinc Free Call – Zinc BUY Call 78c given at 203.60 Triggered SL at price 202.80. Total 0.80 Points SL hit in Zinc tips78c : Mcx Zinc - BUY Zinc at CMP 203.60 for Target 204.60 - 205.20 with SL below price 202.80. Low risk taker its good to trade Mini LotsAFTER POST CONTENT Read More

(Kitco News) - The gold market is seeing little reaction to disappointing economic data that shows momentum in the service sector fading, according to the latest report from the Institute for Supply management (ISM).Tuesday, the ISM said its non-manufacturing index showed a reading of 56.8% for April, down from March's reading of 58.8%. The data was weaker than expected as consensus forecasts were...Read More

BEIJING (Reuters) - U.S. Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try to ease the escalating trade dispute between the world’s two largest economies.The meetings set for Thursday and Friday are the highest-level in-person talks since U.S. President Donald Trump announced tariffs on $50 billion in Chinese goods in early A...Read More

SHANGHAI, May 3 (SMM) –Copper: As the US dollar index rebounded to a fresh high, LME copper traded rangebound overnight and SHFE copper’s trading range fell slightly. We expect LME copper to trade at $6,770-6,820/mt today with the SHFE 1806 contract at 50,800-51,200 yuan/mt. In the physical market, offers are stabilising as futures consolidate. Spot discounts are seen at 60-20 yuan/mt....Read More