WASHINGTON (Reuters) - Major automakers are telling the Trump administration they want to reach an agreement with California to avoid a legal battle over fuel efficiency standards, and support continued increases in mileage standards through 2025.“We support standards that increase year over year that also are consistent with marketplace realities,” Mitch Bainwol, chief executive of th...Read More

SHANGHAI, May 7 (SMM) –Copper: Copper prices were suppressed by stronger US dollar over the weekend. Technically, LME copper now stands at the $6,840/mt level with pressure from several moving averages, but the SHFE 1806 copper contract still stands below the moving averages with little support. We expect the SHFE 1806 contract to trade at 51,200-51,600 yuan/mt today. Spot prices are seen hi...Read More

SHANGHAI, May 7 (SMM) –Copper: Copper prices were suppressed by stronger US dollar over the weekend. Technically, LME copper now stands at the $6,840/mt level with pressure from several moving averages, but the SHFE 1806 copper contract still stands below the moving averages with little support. We expect the SHFE 1806 contract to trade at 51,200-51,600 yuan/mt today. Spot prices are seen hi...Read More

SHANGHAI, May 7 (SMM) – Spot copper was mostly offered at a discount of 10 yuan/mt to a premium of 40 yuan/mt over the SHFE 1805 contract on Monday May 7 in the Shanghai market. This compared with a discount of 30 yuan/mt to a premium of 10 yuan/mt last Friday.High-quality copper saw more trades as traders were keen to purchase due to the approaching delivery date for SHFE 1805 contract...Read More

Lead Intraday – Lead BUY Call 7d4 given at price 156.10 Achieved 1st Target 157 (Made 157.20 high 04:42pm) Total profit of 0.90 x 2 lot = 1.8 PointsTIPS ID 7d4 : Mcx Lead - BUY Lead at CMP 156.10 for Target 157 - 157.80 with SL below price 155AFTER POST CONTENT Read More

(Kitco News) - Gold begins the week on a defensive note as the dollar continues well bid. It remains a case where comparisons show U.S. growth continues to outperform the E.U. and Japan. The euro could not recover the 1.20 euro/dollar level last week and the technical picture suggests further “short-term” dollar strength. Repatriation of corporate overseas dollar holdings has also adde...Read More

BOGOTA (Reuters) - Over 200,000 Venezuelans have registered with Colombian authorities in the first few weeks of a count meant to assess how many undocumented migrants have fled to the Andean country, the Colombian government said on Monday.South America is trying to cope with an exodus of Venezuelans leaving their home country in a bid to escape a crushing economic crisis that has caused hunger a...Read More

RAPAPORT... Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which previously held first place. Lucapa removed the diamond from Block 4, a new mining project,along with several other "special-size stones" - those above 10.8 carats. The A...Read More

SHANGHAI, May 7 (SMM) –Copper: Copper prices were suppressed by stronger US dollar over the weekend. Technically, LME copper now stands at the $6,840/mt level with pressure from several moving averages, but the SHFE 1806 copper contract still stands below the moving averages with little support. We expect the SHFE 1806 contract to trade at 51,200-51,600 yuan/mt today. Spot prices are seen hi...Read More

Zinc Call – SELL Zinc at CMP 206.70 for Target 205.50 – 205 with Small SL Above price 207.25AFTER POST CONTENT Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

WILMINGTON, Del./NEW YORK (Reuters) - Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing “military-style” firearms for civilians.The bank is contributing $43.2 million to a $193 million lending package funded by seven banks, according to court documents, wh...Read More

Car production in Brazil jumped by 40.4% year on year in April, led by higher sales to domestic and foreign markets.Output totaled 266,100 units, compared with 189,500 vehicles a year earlier, according to figures released by national automobile association Anfavea on Monday May 7.Car sales to the Brazilian local market were 217,300 units in April, up 38.50% from last year's 156,900 units. This wa...Read More

Mcx Lead – BUY Lead at CMP 156.10 for Target 157 – 157.80 with SL below price 155AFTER POST CONTENT Read More

LONDON (Reuters) - British Foreign Secretary Boris Johnson has appealed to U.S. President Donald Trump not to pull out of the Iran nuclear agreement, saying the deal had weaknesses but they could be addressed given time.Trump has said that unless European allies rectify “flaws” in Tehran’s 2015 deal with world powers by May 12 he will refuse to extend U.S. sanctions relief for Ir...Read More

Fundamental researchers at Colorado School of Mines have proposed a novel two-part system for separating impurities from natural gas in the Journal of Renewable and Sustainable Energy, from AIP Publishing. Natural gas primarily contains methane, but impurities in the gaseous mixture need to be removed before the methane can be put into the pipeline. The newly proposed purification system combines...Read More

FAIRFAX, Va. (Reuters) - U.S. interest rates have room to rise further given the remarkable strength of the U.S. economy, the Federal Reserve’s newest regional Fed president said on Monday in his first major speech on monetary policy since he was appointed.“Monetary policy is still pretty accommodative...when unemployment is low and inflation is effectively at our target, we probably o...Read More

In a joint statement, the Occupational Lung Disease Working Group — representing African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Gold Fields, Harmony and Sibanye-Stillwater —  and law firms Richard Spoor, Abraham Kiewitz and the Legal Resources Centre, which represented the claimants, said they had settled the class action Thursday.A R4 billion compensation fund wa...Read More

Argentina's car production increased 21.4% year on year in April, according to figures released by the country's automotive association, Adefa, on Friday May 4.The country produced 45,802 vehicles last month, up from 37,731 units a year before."[Automotive] production, exports and sales to the local market continue to report a sustainable...Read More

Tips for Aluminium – Aluminium SELL Call 7ce given at price 159.30 Achieved 1st Target 158.40 & 2nd Target 158. CMP 157.30. Total profit of 1.4 x 2 lot = 2.8 Points7ce : Aluminium Tips - SELL Aluminium at CMP 159.30 for Target 158.40 - 158 with SL Above price 160.40. Its good to trade 2 to 3 lots todayAFTER POST CONTENT Read More