Chinese ferro-vanadium and vanadium pentoxide (V2O5) offers softened on limited export activity this past week, while the European markets were stagnant on a lack of spot market demand. Chinese vanadium export activity limited, offering prices slideEuropean vanadium markets inactive, prices flat US ferro-vanadium spot market activity picks up, prices narrow The Chinese ferro-vanadium export market...Read More
SHANGHAI, May 8 (SMM) – Nonferrous metals futures rose for the most part on Tuesday May 8 but at slower rates from the previous day. SHFE zinc led the gains with an increase of 1.34%, lead grew over 1% and aluminium and copper inched up. Nickel fell from highs to close nearly 1% higher. Tin dipped nearly 0.9% from Monday.The ferrous complex saw mixed&n...Read More
(Kitco News) - Warren Buffet, CEO of Berkshire Hathaway, is known for his pernicious views on gold but his latest bout of negativity misses the point of yellow metal’s true investment value, according to some analysts.The Oracle of Omaha made some ripples through the gold market over the weekend as he compared the precious metal to the S&P 500. During his presentation Saturday at the Ber...Read More
Archer Exploration Limited(ASX:AXE) has this morning informed the market it has identified an ExplorationTarget for its Jamieson Tank Manganese project located near Cleve, SouthAustralia. A review undertaken by AXE ofhistorical drill results at the project has led to the establishment of amaiden exploration target of 15Mt-25Mt at a grade of 8-12% manganese.The Jamieson Tank project - whichis locat...Read More
ANKARA (Reuters) - A spokesman for Turkish President Tayyip Erdogan said on Tuesday that the decision by the United States to unilaterally withdraw from the 2015 Iran nuclear deal will cause instability and new conflicts.In a tweet, Ibrahim Kalin also said the multilateral agreement would continue with the other nations, and added that Turkey would continue to oppose all forms of nuclear weapons.R...Read More
Chinese ferro-silicon prices were stable last week, but shortened supply and more active trading suggest an uptick in pricing ahead. Chinese domestic market sees active trading, short supplyEuropean prices slide on thin trading activity US spot market stable amid spot inactivity Chinese domestic ferro-silicon market supported by tight supplyChinese domestic ferro-silicon prices were stable last we...Read More
Lead Today Target Call - Lead Sell call 7f3 Active (7fe) at Price 156.20 Achieved 1st Target 155 & near to 2nd Target 154. CMP 154.20. Profit of 2 Points x 2lot = 4 Points / Rs 20000TIPS ID 7f3 : Lead Today Tips - Lead CMP 155.10 We will Sell More Lead if price 156 - 156.20 Add more sell if price 157 with SL 157.80 for Target 155 - 1547fe : Lead Today - Lead Sell call 7f3 Advised to Enter bet...Read More
SHANGHAI, May 8 (SMM) – China’s imports of unwrought copper and copper products rose 46% year on year in April as demand for refined copper was bolstered by tighter supplies of copper scrap imports, SMM believed.China imported 439,000 mt of unwrought copper and copper products in April, flat from March, according to data from China Customs. Imports of unwrought copper and cop...Read More
SHANGHAI, May 8 (SMM) –Copper: The strong US dollar suppressed copper prices overnight. The SHFE 1807 contract fell to a low of 51,220 yuan/mt from open at 51,630 yuan/mt and closed at 51,250 yuan/mt. SHFE copper now struggles among moving averages with support from the 40-day moving average. We expect the SHFE 1807 contract to trade at 51,150-51,600 yuan/mt today with LME copper at $6,820-6...Read More
SHANGHAI, May 8 (SMM) – In China's spot zinc market on Tuesday May 8, smelters were keener to sell and lowered premiums as the SHFE zinc 1806 contract climbed up in the morning. Buyers mostly purchased as needed. In Shanghai, #0 zinc mostly traded at 23,990-24,120 yuan/mt. The 0# common brands were offered at a premium of 80-160 yuan/mt over the SHFE 1806 contract with 0# Shuan...Read More
(Reuters) - Wall Street remained down on Tuesday while energy stocks cut earlier losses after U.S. President Donald Trump said the United States would quit the Iran nuclear deal, confirming what many investors had expected.In a televised speech, Trump said the United States would withdraw from a 2015 international agreement designed to deny Tehran the ability to build nuclear weapons, and also rei...Read More
(Kitco News) - Gold bounced off the $1,307 support level but the market sentiment remains on the weak side. The dollar remains bid but traders may be unlikely to be aggressively short gold ahead of President Trump's announcement at 2 p.m. EDT on whether the U.S. will stay in the Iran nuclear deal. The higher oil price is also suggesting that inflation may be creeping back into the economy, which m...Read More
RAPAPORT... Alrosa sold $14.8 million worth of large rough diamonds atan auction in Vladivostok, the Russian miner said last week. The sale featured 101 special-size stones -those over 10.8 carats - weighing a total of 1,751 carats. "The auction [produced]...very good results, confirming highdemand for this category of rough diamonds," said Evgeny Agureev, director of theUnited Selling Organizatio...Read More
Manganese ore prices dropped as much as 8.4% in the past week amid deteriorating downstream demand. Low-grade ore prices fall below $6 per dmtu High-grade ore prices drop more than 4% Chinese alloy prices weaken on poorer demand from mills Indian silico-manganese prices drop Alloy prices hold in Europe, United StatesManganese ore prices sustained heavy losses on Friday May 4 amid poor demand from...Read More
Lead Today – Lead Sell call 7f3 Active (7fe) at Price 156.20 CMP 155.15 Almost near to 1st Target. Book profit of 1.05 x 2 lot = 2.10 Points. RISK Taker Hold for TGTTIPS ID 7f3 : Lead Today Tips - Lead CMP 155.10 We will Sell More Lead if price 156 - 156.20 Add more sell if price 157 with SL 157.80 for Target 155 - 1547fe : Lead Today - Lead Sell call 7f3 Advised to Enter between 156 - 156....Read More
SHANGHAI, May 8 (SMM) –Copper: The strong US dollar suppressed copper prices overnight. The SHFE 1807 contract fell to a low of 51,220 yuan/mt from open at 51,630 yuan/mt and closed at 51,250 yuan/mt. SHFE copper now struggles among moving averages with support from the 40-day moving average. We expect the SHFE 1807 contract to trade at 51,150-51,600 yuan/mt today with LME copper at $6,820-6...Read More
SHANGHAI, May 8 (SMM) – Henan Yuguang Zinc plans to suspend a production line from May 10 to June 9 for routine maintenance of production equipment, SMM learned.About 10,000 mt of output is likely to be affected during the month-long suspension. The company will continue to supply long-term contracts while other orders will be halted. For editorial queries, please contact...Read More
BERLIN (Reuters) - German Deputy Foreign Minister Michael Roth said on Twitter that U.S. President Donald Trump’s decision to withdraw from the 2015 Iran nuclear deal was “not good news from Washington”.He added: “Now we Europeans must save what can be saved” of the Iran nuclear deal.Reporting by Michelle Martin; Editing by Andrea Shalal Disclaimer: The views express...Read More
What would be the impact on gold if the U.S. pulls out of the Iran deal? The simple answer is nothing, as gold has not benefitted from the talks, threats and possibilities. Today at 2 p.m. EDT, President Trump will announce to the world his decision, which should be that we are pulling out of the deal with Iran. Throughout the talks, oil has been spiking higher while gold has struggled and sold of...Read More
Today Nickel Call – Nickel Sell call 803 given at price 932.60 Achieved 1st Target 925. CMP 821.80. Total profit of 10.8 x 2 lot = 21.60 PointsTIPS ID 803 : Nickel Call - SELL nickel at CMP 932.60 for Target 925 - 918 with SL Above price 942.60AFTER POST CONTENT Read More