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Analysis: SHFE zinc gains as risk-taking sentiment improves after US-Sino trade talks

May 08, 2018 / news.metal.com

SHANGHAI, May 8 (SMM) – SHFE zinc climbed up unexpectedly on Monday May 7 as it traded without being weighed down by its LME counterpart, and as risk-taking sentiment in the market recovered after the US-China trade negotiations.The SHFE zinc index gained 2.49% during the day on May 7 as shorts reduced their positions with a total of 25,700 lots of decline in the SHFE zinc index. Suppor...Read More

Italy's PM says Iran nuclear deal should be maintained

May 08, 2018 / www.kitco.com

MILAN (Reuters) - Italy’s Prime Minister Paolo Gentiloni said on Tuesday the Iran nuclear agreement must be preserved, after President Donald Trump’s decision to withdraw the United States from the 2015 accord and to reimpose economic sanctions on Tehran.“(The agreement) contributes to the security in the region and puts a brake on nuclear proliferation,” Gentiloni said in...Read More

Masakhane death toll increases

May 08, 2018 / www.mining-journal.com

It said Monday all 13 mineworkers trapped underground after a rock fall from a seismic event measuring 2.2 on the Richter scale Thursday had been recovered, but seven had passed away from their injuries, up from the four reported Friday.Read More

Teranga Announces Drawdown For Construction Of Second Mine

May 08, 2018 / www.kitco.com

Teranga Gold Corp. (TSX: TGZ) announces the first drawdown, under the secured development finance facility with Taurus Funds Management Pty Ltd., for construction of its second mine - the Wahgnion gold project. The facility totals $165 million, and the first drawdown was for $70 million, $15 million of which was used to close out a revolving credit facility with Soci?(C)t?(C) G?(C)n?(C)rale, Teran...Read More

Fleckenstein named 2018 Mines Inventor of the Year

May 08, 2018 / www.minesnewsroom.com

Will Fleckenstein, director of strategic relationships and enterprises for the College of Earth Resource Sciences and Engineering, has been named the 2018 Colorado School of Mines Inventor of the Year. Fleckenstein, a non-tenure-track faculty member in the Petroleum Engineering Department since 2000, received the recognition at the Design & Innovation Awards ceremony April 26. "Will puts a...Read More

Free Nickel Intraday Call – Nickel Sell call 7e6 given at price 942.40 Achieved 2nd Target 931. CMP 930. Total profit of 12.4 x 2 lot = 24.8 Points

May 08, 2018 / mcx.freetips.tips

FREE NICKEL INTRADAY CALLFree Nickel Intraday Call – Nickel Sell call 7e6 given at price 942.40 Achieved 2nd Target 931. CMP 930. Total profit of 12.4 x 2 lot = 24.8 PointsTIPS ID 7e6 : Nickel Intraday - SELL Nickel at CMP 942.40 for Target 935 - 931 with SL Above price 950. Trade 2 lotsAFTER POST CONTENT Read More

SMM Morning Comments (May 8)

May 08, 2018 / news.metal.com

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

Google's updated virtual assistant can book appointments

May 08, 2018 / www.kitco.com

MOUNTAIN VIEW, Calif.(Reuters) - Alphabet Inc’s (GOOGL.O) Google on Tuesday showed off an updated virtual assistant that can call restaurants, hair salons and other businesses to check hours and make reservations, holding conversations on a user’s behalf.The update, among features being unveiled at Google I/O, an annual event held since 2008 to share new tools and strategies with creat...Read More

FXTM: Gold Pressured By Dollar Despite Pending Trump Announcement

May 08, 2018 / www.kitco.com

Gold is under pressure due to an appreciating U.S. dollar, says Lukman Otunuga, research analyst at FXTM. As of 9:09 a.m. EDT, spot metal was down $4 to $1,309.60 an ounce. The loss, despite U.S. President Donald Trump’s planned announcement on the Iran nuclear deal Tuesday afternoon, highlights a lack of buying sentiment at the moment, the analyst says. “There is a suspicion that mark...Read More

POSITIONAL HOLD / CARRY Nickel Call – SELL nickel at CMP 932.60 for Target 925 – 918 with SL Above price 942.60

May 08, 2018 / mcx.freetips.tips

Nickel Call – SELL nickel at CMP 932.60 for Target 925 – 918 with SL Above price 942.60AFTER POST CONTENT Read More

Metals prices buoyed by strong Chinese trade data

May 08, 2018 / www.metalbulletinresearch.com

Base metals prices on the London Metal Exchange were for the most part stronger on the morning of Tuesday May 8, with all the metals, except tin (-0.7%), up by an average of 0.7%. Zinc led the advance with a 1% gain and copper was up by 0.2% at $6,858 per tonne. Volume on the LME has been average, with 7,927 lots traded as at 07.06 am London time. The precious metals were more diverse this morning...Read More

Mines ranked second for return on investment by Money

May 08, 2018 / www.minesnewsroom.com

Colorado School of Mines was ranked second in the nation on Money's list of public four-year colleges and universities with the highest return on tuition investment 20 years after graduation.According to Money, Mines graduates saw a $949,000 return on investment with financial aid and a $909,000 return on investment without aid. Mines was second only to SUNY Maritime College on the list, which did...Read More

Wall Street drops in choppy session on uncertainty over Iran deal

May 08, 2018 / www.kitco.com

(Reuters) - Wall Street was lower in choppy trading on Tuesday afternoon, as oil prices slid on uncertainty over whether President Donald Trump would withdraw the United States from the Iran nuclear deal.Stocks were lower for most part of the morning before sharply paring losses after CNN reported Trump was expected to impose sanctions on Iran, but may also allow for “a grace period that may...Read More

Iran sanctions to snap back after 90- and 180-day wind down periods -U.S. Treasury

May 08, 2018 / www.kitco.com

WASHINGTON, May 8 (Reuters) - The United States willreimpose a wide array of Iran-related sanctions after the expiryof 90- and 180-day wind-down periods, including sanctions aimedat Iran's oil sector and transactions with its central bank, theU.S. Treasury said on Tuesday. In a statement on its website and a related "frequentlyasked questions" document, the Treasury said sanctions relati...Read More

SL HIT / LOSS Aluminium – ALuminium Buy call 7ff given at Price 161.20 Triggered SL at 160.20. Total 1 points SL hit in Aluminium

May 08, 2018 / mcx.freetips.tips

Aluminium – ALuminium Buy call 7ff given at Price 161.20 Triggered SL at 160.20. Total 1 points SL hit in Aluminium7ff : Aluminium Tips - BUY Aluminium at CMP 161.20 for Target 162 - 162.40 with SL below price 160.20AFTER POST CONTENT Read More

Paul Morgan interviewed by Vice Media's Motherboard about Mars InSight instrument

May 08, 2018 / www.minesnewsroom.com

Paul Morgan, senior geothermal geologist at the Colorado Geological Survey, was recently interviewed by Motherboard, a Vice Media website focused on tech and science news, about the Heat Flow and Physical Properties Package (HP3) that was aboard the Mars InSight launch May 5. Upon landing on the Martian surface in late November, HP3's job will be to take the planet's temperature, revealing just h...Read More

Southeast Asia's billet prices up again on tighter supply, higher Chinese offers

May 08, 2018 / www.metalbulletin.com

Import prices for steel billet in Southeast Asia continued to rise over the past week due to lower supply and costlier Chinese cargoes, while prices for slab fell further on lower offers.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $545-560 per tonne cfr for the week ended Monday May 7, up $5 per tonne from a week earlier.Deals involving cargoes from Taiwan a...Read More

Wall Street whipsaws on conflicting reports on Iran deal

May 08, 2018 / www.kitco.com

(Reuters) - U.S. stocks were whipsawed on Tuesday on conflicting reports on whether President Donald Trump will withdraw the United States from the Iran nuclear deal.The stocks pared losses to trade flat after CNN reported Trump was expected to allow sanctions to go forward on Iran, but would not withdraw from the deal.But those moves evaporated after the New York Times reported that Trump told Fr...Read More

FREE MCX TIPS Aluminium Tips – BUY Aluminium at CMP 161.20 for Target 162 – 162.40 with SL below price 160.20

May 08, 2018 / mcx.freetips.tips

Aluminium Tips – BUY Aluminium at CMP 161.20 for Target 162 – 162.40 with SL below price 160.20AFTER POST CONTENT Read More

Mine sensor network wins Newmont Innovation Challenge

May 08, 2018 / www.minesnewsroom.com

An integrated sensor network designed for active real-time monitoring of mine structures and accurate location of personnel and equipment won the top prize at the 2018 HackMines Newmont Innovation Challenge. Point Mine Innovations won a $2,500 cash prize and up to $7,500 in grants from the Newmont Innovation Fund to further develop their proposal. A panel of Newmont mining experts judged the fi...Read More

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