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CHARTS: Mining rally running out of steam as copper price weighs

April 03, 2018 / www.mining.com

Prices US$ at March 29, 2018. Source: LME, CME, UxC, ICE, TSIStock market, currency data @ March 29, 2018.Expectations of a boom in demand for battery raw materials as automakers move away from internal combustion engines kept cobalt and nickel prices on the boil during the first quarter.Cobalt is up another 24% in 2018 as it builds on a more than fourfold increase in value from record lows early...Read More

Meteoric Resources adds Canadian cobalt project

March 27, 2018 / finfeed.com

Junior explorer Meteoric Resources (ASX:MEI) hasentered into an agreement to acquire 100% of the Gillies Cobalt Project inOntario, Canada. The project consists of 11 contiguous claim blockswithin the prolific Cobalt Camp mining district. It's located on the samegeological trend, and within just 2.5 kilometres, of numerous historicalhigh-grade cobalt and silver mines. Nearby projects include the Co...Read More

San Francisco Fed to make diversity key in search for new chief

April 03, 2018 / www.kitco.com

SAN FRANCISCO (Reuters) - The San Francisco Federal Reserve Bank will appoint a committee in the next few days to conduct a “full-blown search throughout the world” for a new president, the bank’s chair Alex Mehran said on Tuesday.“Diversity will be a key factor” in the search for a leader to succeed John Williams, who on Tuesday was named as the next chief of the New...Read More

Southeast Asia's billet offers fall amid low demand

April 03, 2018 / www.metalbulletin.com

Import offers for billet in Southeast Asia decreased over the past week amid sparse trading, while bids for slab have risen amid limited offers and growing demand for the product.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-550 per tonne cfr for the week ended Monday April 2, down $10-15 per tonne from a week earlier.Market participants said they did not...Read More

SMM Morning Comments (Apr 3)

April 03, 2018 / news.metal.com

SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More

SMM Morning Comments (Apr 3)

April 03, 2018 / news.metal.com

SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More

Bitcoin Daily Chart Alert - Bulls Work To Stabilize Prices - April 3

April 03, 2018 / www.kitco.com

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

FTSE 100 closes in red as traders still jittery about macro issues

April 03, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes lowerUS vs China trade war weighs on international stock sentimentWall Street benchmarks mixedConsumer stocks as gloomy as a wet bank holiday weekend FTSE 100 closed lower as sterling gained ground and Wall Street shares are mixed.Britain's blue-chip index finished over 26 points down at 7,030, while FTSE 250  also closed in the red, down over 62 points at 19,398.The poun...Read More

FREE MCX TIPS Zinc Tips– BUY Zinc at CMP 213.70 for Target 214.70 – 215.40 with SL below price 212.50

April 03, 2018 / mcx.freetips.tips

Zinc Tips – BUY Zinc at CMP 213.70 for Target 214.70 – 215.40 with SL below price 212.50AFTER POST CONTENT Read More

Wall Street edges up as investors eye key support levels

April 03, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. stocks rebounded on Tuesday after crashing through key technical levels in the previous session but investors were still worried that Wall Street’s three major indexes could eventually turn lower and fall through their next support levels.Investors had fled on Monday after S&P 500 breached its 200-day moving average and closed below it for the first time since J...Read More

IGas Energy advances as Cuadrilla achieves major milestone

April 03, 2018 / www.proactiveinvestors.co.uk

2:30pm: IGas Energy Plc advances as Cuadrilla achieves major milestoneIGAS Energy Plc (LON:IGAS) advanced 4p or 4.94% changing hands at 85p each as unlisted UK onshore peer Cuadrilla successfully completed the drilling of the country's first horizontal well into shale - at the Preston New Road site in Lancashire.Cuadrilla plans to apply for approval to allow hydraulic fracturing the well. Industry...Read More

Nickel Target Level – Nickel Mcx Buy Carry Call 398 Advised for 2 lot at 877 Achieved 1st Target 886. (Made 886.50 high) Total profit of 9 x 2 lot = 18 Points

April 03, 2018 / mcx.freetips.tips

NICKEL TARGET LEVEL TODAYNickel Target Level – Nickel Mcx Buy Carry Call 398 Advised for 2 lot at 877 Achieved 1st Target 886. (Made 886.50 high) Total profit of 9 x 2 lot = 18 PointsTIPS ID 398 : Nickel Carry Call - BUY Mcx Nickel at CMP 877.0 for Target 886 - 892 with SL below price 867. High Risk taker trade 2 lotsAFTER POST CONTENT Read More

INTL FCStone: Gold To Ease But Hold Chart Support In April

April 03, 2018 / www.kitco.com

INTL FCStone looks for a stronger U.S. dollar to weigh on gold during April. Analysts forecast that the greenback will benefit as the Trump administration backs away from starting a trade war. Further, the European Central Bank and Bank of Japan are likely to remain “sidelined” on tightening monetary policy, further underpinning the dollar, analysts say. “A stronger dollar and an...Read More

Exclusive: EPA gives giant refiner a 'hardship' waiver from regulation

April 03, 2018 / www.kitco.com

NEW YORK (Reuters) - The Environmental Protection Agency has exempted one of the nation’s largest oil refining companies, Andeavor (ANDV.N), from complying with U.S. biofuels regulations - a waiver historically reserved for tiny operations in danger of going belly up, two sources familiar with the matter told Reuters.The exemption, which applies to the three smallest of Andeavor’s ten...Read More

Cyclone Iris keeps seaborne coking coal market on edge [UPDATE]

April 03, 2018 / www.metalbulletin.com

The possibility of a cyclone intensifying off the coast of Queensland has raised concerns over how it might affect seaborne coking coal exports from the Australian state.The North Queensland Bulk Ports Corp, which oversees the Hay Point and Abbot Point coal terminals, announced on Tuesday April 3 that it had closed access to public assets ahead of the approaching Cyclone Iris. "The ports of Hay Po...Read More

Civil and Environmental Engineering names new head

April 03, 2018 / www.minesnewsroom.com

The new head of the Colorado School of Mines Department of Civil and Environmental Engineering plans to work with faculty raise the department's profile nationally and around the world.Professor Terri Hogue was named department head in January. Hogue joined Mines in July 2012, and previously taught at UCLA. She received her master's and doctoral degrees in hydrology and water resource engineering...Read More

SL HIT / LOSS Nickel Tips – nickel Sell call 3dc given at 877 Sudden Jump Makes SL hit at price 883. Total 6 Points Per lot SL hit in Nickel

April 03, 2018 / mcx.freetips.tips

Nickel Tips – nickel Sell call 3dc given at 877 Sudden Jump Makes SL hit at price 883. Total 6 Points Per lot SL hit in Nickel3dc : Nickel - SELL 2 lot Nickel at CMP 877 for Target 870 - 865 with SL Above price 883AFTER POST CONTENT Read More

Trump says he will use military to protect U.S. border

April 03, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump said on Tuesday he would use U.S. military forces to protect the nation’s southern border with Mexico until there is a border wall and “proper security” in place.“We are going to be doing things militarily,” Trump told reporters at the White House, adding he had discussed the idea with U.S. Defense Secretary Jim Mattis.&ld...Read More

Topps Tiles PLC will have felt the chill

April 03, 2018 / www.proactiveinvestors.co.uk

Following a tough 2017, tiles and flooring flogger Topps Tiles managed to turn it around in the final quarter of the year.In a January trading update, the retailer reported a 3.4% year-on-year jump in like-for-like revenues in the 13 weeks to the end of December.Topps said the sharp rise in revenue was brought about by its ability to maintain "market-leading margins", further investment in its ser...Read More

Holley wins NSF CAREER grant to study U.S. gold deposits

April 03, 2018 / www.minesnewsroom.com

Nearly 80 percent of all gold produced in the U.S. comes from Carlin-type deposits in northern Nevada, but scientists still don't agree on how they came to be.Elizabeth Holley, assistant professor of mining engineering at Colorado School of Mines, has received a National Science Foundation CAREER award to tackle that scientific debate. Holley's project, "Did Carlin-type Gold Come From Magmas?", wh...Read More

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