Petropavlovsk founders Peter Hambro and Pavel Maslovskiy were ousted last year in June and July, respectively, as former major shareholder Viktor Vekselberg led a coup against the board. Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner, is closer than ever to completing the sale of its 32% stake in Chile's Chemical and Mining Society (SQM), the world's second largest lithium producer, and so fulfill a condition for the merger between Potash Corp. and Agrium, which created the company."[The sale] is progressing well," the company's chief financial officer, Wayne Ric...Read More
Makini Brice, Susan HeaveyWASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday that three Americans detained by North Korea have been released and are on their way home with Secretary of State Mike Pompeo.Trump said he will greet Pompeo and the Americans when they land at Andrews Air Force Base outside Washington at 2 a.m. EDT (0600 GMT) Thursday morning.“I am pleased to info...Read More
SHANGHAI, May 9 (SMM) –Copper: LME copper fell below all moving averages overnight and the SHFE 1807 contract performed no better. We expect LME copper to trade at $6,760-6,830/mt today with SHFE 1807 at 50,700-51,200 yuan/mt. Spot premiums are seen higher at 50-100 yuan/mt as sellers are likely to offer higher against the falling futures market.Aluminium: The SHFE 1807 contract fell to a lo...Read More
RAPAPORT... Christie's Hong Kong spring sale will feature an 8.01-carat,fancy vivid blue, internally flawless diamond pendant necklace, estimated atbetween $18.5 million and $25 million, the auction house said. The pear-shaped stone, which hangs below a circular-cut, 1.60-carat,fancy intense pink diamond, was designed by Moussaieff. A 0.35-carat whitediamond is set between the two. Other nota...Read More
Signs of a rebound to more balanced conditions can be seen in the way the price has moved and can also be seen in the price-setting for treatment charges (TC) negotiated between miners and smelters.Read More
Nickel premiums in both China and Europe were unchanged on Tuesday May 8 due to the negative arbitrage window in China and muted demand in the aftermath of the May holidays respectively.Premiums in the United States were also flat, largely due to steady demand. Chinese, European and US nickel premiums steady Thin trading activity reported in China and Europe US premiums firm...Read More
The catchphrase “follow the money,” popularized by the 1976 film All the Presidents Men, suggested that if you’re looking for a motive behind an event, you simply need to follow the money. In the case of recent price declines in gold, the more appropriate catchphrase would be to “follow the dollar,” or more appropriately, follow the dollar index.The dollar index is th...Read More
Struggling...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published...Read More
SHANGHAI, May 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index hit yet another new four-month high at 93.42 overnight amid the rising treasury yields. It then came off a little but remained above 93. It closed at 93.09, up 0.03%.The two-year treasury yield hit 2.53%, its highest level since September 8, 2008, while...Read More
(Reuters) - Wall Street was set to open higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.Oil rose more than 3 percent to 3-1/2 year highs after Trump announced the “highest level” of economic sanctions against the OPEC member, casting uncertainty ov...Read More
SHANGHAI, May 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index hit yet another new four-month high at 93.42 overnight amid the rising treasury yields. It then came off a little but remained above 93. It closed at 93.09, up 0.03%.The two-year treasury yield hit 2.53%, its highest level since September 8, 2008, while...Read More
Aluminium price in consolidation mode last...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More
(Kitco News) - Gold and silver prices were near steady levels in early-afternoon U.S. trading Wednesday. Gold market bulls are fighting to hold the yellow metal above critical chart support at $1,300.00, and they have been successful so far, which has stabilized the market for the time being. June Comex gold futures were last down $0.50 an ounce at $1,313.20. July Comex silver was last up $0.073 a...Read More
SHANGHAI, May 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index hit yet another new four-month high at 93.42 overnight amid the rising treasury yields. It then came off a little but remained above 93. It closed at 93.09, up 0.03%.The two-year treasury yield hit 2.53%, its highest level since September 8, 2008, while...Read More
Lead Intraday – SELL Lead at CMP 154.85 for Target 153.85 – 153.10 with SL Above price 156AFTER POST CONTENT Read More
Index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Most of the gains came from the energy sector. Crude Oil advanced $1.67 to $70.73 per barrel in overnight trade.Index futures were virtually unchanged following release of the April Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.3% in March. Actual was an in...Read More
Two years ago at a conference around this time of year the company was proudly Australian and l2 months ago it was pretty much the same, though in the second half of last year it did make a small investment (A$2.5 million) in ASX-listed Alaska gold explorer Riversgold.Read More
SHANGHAI, May 9 (SMM) – Nonferrous metals futures dipped for the most part on Wednesday May 9 as SHFE copper led declines with a drop of over 1%. Nickel, tin, and aluminium fell nearly 1%, and zinc inched down. Lead closed slightly higher. The ferrous complex fell across the board on Wednesday. Rebar and coke dipped over 2%, hot-rolled coil and coking coal lost nearly 2%, and iron ore l...Read More
SHANGHAI, May 9 (SMM) – Nonferrous metals futures dipped for the most part on Wednesday May 9 as SHFE copper led declines with a drop of over 1%. Nickel, tin, and aluminium fell nearly 1%, and zinc inched down. Lead closed slightly higher. The ferrous complex fell across the board on Wednesday. Rebar and coke dipped over 2%, hot-rolled coil and coking coal lost nearly 2%, and iron ore l...Read More