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
Listen to this podcast on our site by clicking here or subscribe on iTunes here.For issuers of debt (borrowers), interest rates are the cost to borrow funds; for buyers of debt (lenders), it is the rate of return they get for lending money.After the 2008 financial crisis, central banks dropped interest rates to the lowest levels in recorded history. This was great for overleveraged...Read More
Aluminium LME aluminium managed to extend its upward run...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 downl...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Aluminium Tips Online – Aluminium BUY Call 81c given at price 160.20 (160.60+159.80) Triggered SL at price 159.10. Total 1.10 Points per lot SL hitTIPS ID 81c : Aluminium Today - BUY Aluminium at CMP 160.60 Add more if price 159.80 with SL Below 159.10 for Target 161.90 - 162.60AFTER POST CONTENT Read More
FinFeed presents this information for the use of readers in theirdecision to engage with this product. Please be aware that this is a veryhigh-risk product. We stress that this article should only be used as one partof this decision-making process. You need to fully inform yourself of allfactors and information relating to this product before engaging with it. Tanzanian graphite developer BlackRoc...Read More
The European Commission (EC) has started an expiry review into anti-dumping duties on threaded tube or pipe cast fittings, made of malleable cast iron, originating in China and Thailand, the EC said on Wednesday May 8.The review was initiated after four EU producers - Berg Montana Fittings, Georg Fischer Fittings, Odlewnia Z?(C)liwa and Livarna Titan - lodged a request to the EC on February 13 thi...Read More
SHANGHAI, May 9 (SMM) – Spot copper was mostly offered at a premium of 20-100 yuan/mt over the SHFE 1805 contract on Wednesday May 9 in the Shanghai market. This compared with a premium of 10-70 yuan/mt on the previous day. Transactions were more active than the last two days, mostly driven by restocking across downstream consumers, SMM learned. High-quality copper traded...Read More
(Reuters) - Uber Technologies Inc [UBER.UL] on Wednesday re-opened a contest to select the first international city to launch its proposed flying taxi project, following apparent delays in getting the service off the ground in Dubai, a previously proposed market.UberAIR, as the service will be known, aims to launch demonstrator flights starting in 2020 and begin paid, intra-city operations in 2023...Read More
SHANGHAI, May 9 (SMM) – In China's spot zinc market on Wednesday May 9, smelters continued to lower offers after thinner transactions from the previous day. Pressure grew in the spot market as prices of the SHFE 1806 contract fluctuated during the day, SMM learned.The SHFE 1806 contract rebounded after it fell to a low of 23,605 yuan/mt in the morning session, and closed l...Read More
(Kitco News) - Gold-backed exchange-traded funds saw their most significant level of inflows last month in more than a year as gold prices rose to a two-month high, according to the latest data compiled by the World Gold Council.The monthly investment data show that global gold ETFs increased their holdings by 72.2 tonnes to 2,481 tonnes in April. This is the second straight month of inflows and f...Read More
Copper remains resilient... LME copper prices...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 i...Read More
Free Copper Call – Copper BUY Call 80c Advised at price 454.85 (455.70+454) Advised to Carry. CMP 458.20. Low risk taker book 3.35 x 2 lot = 6.70 PointsTIPS ID 80c : Copper Carry Call - BUY Copper at CMP 455.7 Add more at price 454 with SL 452.70 for Target 459 - 461AFTER POST CONTENT Read More
SHANGHAI, May 9 (SMM) – Norilsk nickel traded briskly while the Shanghai market traded normally on the morning of Wednesday May 9, SMM learned. Downstream consumers were keen to inquire about prices.Most transactions were heard at 103,900-104,400 yuan/mt. Norilsk nickel traded at a premium of 500 yuan/mt against the Wuxi Stainless Steel Exchange 1806 contract, while Jinchuan traded...Read More
RAPAPORT... The Dubai Diamond Exchange (DDE) has elected a new board of directors,featuring a range of professionals from across the industry, the bourse saidMonday. New members include Amit Dhamani, CEO of Dhamani Jewels;Davy Blommaert, the diamond-and-metals chief at the National Bank of Fujairah;and Gautam Sashittal, CEO of the Dubai Multi Commodities Centre (DMCC). AhmedBin Sulayem will contin...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCALGARY, May 9, 2018 – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce its intention to complete a non-brokered private placement financing (the “Offering”) of up to 11,111,111 unit...Read More
Palisade Research May 9, 2018 Category: Research Mexican Gold Corp. (CVE:MEX, FRA:4QW1) continues its hot-streak – this time drilling 3.87 g/t AuEq over 6.0 meters.Step-out hole LM-18-JB-25 was drilled 33 meters west of the boundary of the El Dorado/Juan Bran (EDJB) zone outlined by the maiden resource estimate.The El Dorado/Juan Bran zone outcrops on surface and occurs as a flat lying to s...Read More
NEW YORK (Reuters) - Benchmark 10-year U.S. Treasury yields are threatening to break above a declining trendline that has contained the bonds for more than 30 years. That may mark the beginning of a long-term bear market, though confirming such a trend could take years.Expectations that the Federal Reserve will raise interest rates at least two more times this year and surging Treasury issuance as...Read More
Prices slipping Lead prices continued...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...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, an SMM survey showed. Output in the first four months of this year stood at 2.86 million mt, up 11...Read More