SHANGHAI, Mar 28 (SMM) – Zinc prices are likely to stay rangebound with pressure as downstream consumption is recovering slower while ore supply was sufficient, SMM believes.China’s domestic consumption is affected as another round of cutback has been imposed to galvanising plants in north China earlier this week. The move was in response to the medium-to-high level of air po...Read More

Copper call – Copper sell call 2af given at 432.10 cmp 429.20 near to tgt. Low risk taker book 2.9 points per lotTips id 2af : Copper Calls - SELL Copper at CMP 432.10 Add more at price 434 with SL Above 435.90 for Target 429 - 427.50AFTER POST CONTENT Read More

First, the claim that Mr Fifer is facing "criminal charges" is false. Panama's Social Security Administration, (Caja de Security Social, CSS) having conducted a review of PTQ's Social Security filings and of Mr Fifer, concluded he played no role in the problems that caused the Administration to review PTQ's filing. Mr Fifer is no longer a subject of any Social Security Administration review, in an...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Apple gained $0.93 to $173.70 prior to launch of new products later today. Red Hat added $10.26 to $163.35 after reporting higher than consensus fourth quarter earnings. Stifel Nicolaus and RBC Capital raised their target price on the stock.Newell Brands slipped $0.94 to $25.12 after Sun...Read More

Steve Couldwell, chief executive of Tissue Regenix PLC (LON:TRX), tells Proactive that 2017 has been a year of transformation, boosted by the acquisition of CellRight."That was the transformation the company really needed, and the integration of that business has gone extremely well ... we are now in the position of really trying to kick on in 2018'', Couldwell says.Since the end of the reporting...Read More

The following is a summary of our recent FS Insider podcast, "ECRI Forecasting Global Economic Slowdown for 2018," which can be accessed on our site here on iTunes here.When we last spoke to Lakshman Achuthan, co-founder of the Economic Cycle Research Institute (ECRI), early 2017, he told us their long leading index had turned up, indicating a sustained global expansion was underway...Read More

(Kitco News) - Bitcoin’s fall below $8,000 on Tuesday, hitting a two-week low, could reignite interest in the silver market, according to one commodity analyst. Andrew Hecht, creator of the Hecht Commodity report wrote in a recent post on seekingalpha.com that one of the reasons why silver underperformed within the precious metals sector, is because it faced tough competition from cryptocurr...Read More

It's not a big deal; only around $350m, but the Oz Minerals bid for Avanco Resources is another sign that quality assets can command a premium in a copper market hungry for new supply.Glencore owns 8% which sets up the tantalizing, albeit slim, prospect of a counter offer from the world's number three copper producerOz Minerals' cash and shares offer on Tuesday was made at a 121% premium to the ru...Read More

SHANGHAI, Mar 27 (SMM) – The current high copper inventories at global exchanges are set to impose further pressure on the already weak prices, SMM believes.Copper inventory at LME saw an increase of 31,225 mt on Tuesday March 27, following a jump of 35,000 mt a day before. This has brought the stocks to the highest level since May 2017 at 383,975 mt. Cancelled warrants stood at 11.8% on Tue...Read More

Aluminium Aluminium has extended to a fresh three-month low...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 do...Read More

SHANGHAI, Mar 27 (SMM) – Nonferrous metals saw mixed trading on Tuesday March 27. SHFE nickel and tin dipped while zinc gained 1.4%. SHFE aluminium and lead rose close to 1%, and copper inched up.Among ferrous metals, coke closed 0.7% lower. Rebar rose over 2%, hot-rolled coil gained 1.6%, iron ore and coking coal edged up about 1%.Copper: The SHFE 1805 contract mostly traded above moving av...Read More

RAPAPORT... Lucara Diamond Corp. has appointed Zara Boldt as its chieffinancial officer and corporate secretary, as part of an effort to consolidateits management team, the miner said last week.  "[Zara] will be focused on maximizing the value of Lucara'score diamond-mining business at Karowe, and will support the development ofClara, our new secure, digital diamond-sales platform," said CEO...Read More

SHANGHAI, Mar 27 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 200 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Tuesday March 27, while Jinchuan traded at a premium at 400 yuan/mt, SMM learned.Jinchuan offered nickel plate at 97,300 yuan/mt.As nickel futures prices rose in the morning, traders made offers actively due to ample supply, while...Read More

Copper Calls – SELL Copper at CMP 432.10 Add more at price 434 with SL Above 435.90 for Target 429 – 427.50AFTER POST CONTENT Read More

BRUSSELS (Reuters) - Economic sentiment in the 19-countries sharing the euro slipped for the third month in a row in March, data from the European Commission showed on Tuesday, suggesting economic growth in the bloc was not as steady as previously thought.The Commission’s Economic Sentiment Indicator fell to 112.6 in March from a revised 114.2 in February, below the average forecast of 113.4...Read More

Paul Baay, chief executive of Touchstone Exploration Inc (LON:TXP, CVE:TXP), spoke to Proactive's Andrew Scott following the release of their 2017 year-end results.In the year, the company produced an average of 1,375 barrels of crude oil per day which marked a 6% increase from the preceding year.Petroleum revenues increased 33% for the year, at US$32.02mln from the US$24.03mln reported for 2016....Read More

(Kitco News) - Gold and silver prices ended the U.S. day session lower Tuesday, on profit taking from recent gains. Gold prices hit a five-week high overnight, while silver notched a three-week high. A rebound in the U.S. dollar index today also worked against the precious metals market bulls. April Comex gold futures were last down $12.70 an ounce at $1,342.40. May Comex silver was last down $0.1...Read More

Granite (NYSE: GVA) and Layne announced the former's bid on February 14 this year. Layne was trading around US$12.50 a share before the offer was tabled, and hit $16.53 on March 9. It has since drifted back to $14.57.The company had a market value this week of about US$290 million.Granite's offer price was at 8.2-times projected 2018 EBITDA and valued the target at $565 million including Layne's d...Read More

Intense selling pressure LME copper sold...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...Read More

SHANGHAI, Mar 27 (SMM) – Spot copper in the Shanghai market saw more active trading as SHFE copper rebounded to around 49,500 yuan/mt today. Spot prices stood at a smaller discount of 200-130 yuan/mt. High-quality copper traded at 49,230-49,340 yuan/mt and standard quality copper traded at 49,200-49,300 yuan/mt with adequate supply.With fewer supply sources, hydro-copper was also favour...Read More