Comex copper prices sustained momentum in the US morning on Tuesday April 3 with the fundamental outlook optimistic for the remainder of the year. Copper for May settlement on the Comex division of the New York Mercantile Exchange ticked up 0.10 cents or 0.1% to $3.0510 per lb. "While it is too early to assert that the rebound in copper will last, we think the bull market in copper will prevail th...Read More

Mick Billing, chairman of Thor Mining PLC (LON:THR), tells Proactive they're buying a stake in two deposits 30km from their Molyhil project in Australia's Northern Territory.The tenements comprise outcropping tungsten deposits in the Bonya Creek area, along with a high-grade copper deposit.Billing also discusses a deal between investee company USA Lithium and Australian firm Hawkstone.  Meet...Read More

DETROIT (Reuters) - General Motors Co (GM.N) said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and the company will, instead, issue quarterly sales reports.GM will also no longer report monthly sales in China, its largest market, or Brazil. The company will provide monthly data to the U.S. Federal Reserve, industry...Read More

MCX ALUMINIUM TARGET CALLAluminium Target Call – Aluminium Mcx Buy Carry call 3a7, Advised at 131.25 Achieved 1st Target 132.25. Made 132.30 high. Total 1 Point x 2 lot = 2 Points (Rs 10000) ProfitTIPS ID 3a7 : Aluminium Carry Call - BUY Aluminium at CMP 131.25 for Target 132.25 - 132.75 with SL below price 130.20. RISK Taker trade 2 lotsAFTER POST CONTENT Read More

The latest metal markets news and price moves to start the North American day on Tuesday April 3. Base metals prices were firmer on the London Metal Exchange today, extending gains from before the long Easter weekend at the start of the second quarter, the peak season for metals demand.Aluminium's three-month price, which bucked the uptrend on Thursday and dropped 1.5%, was recovering today and cl...Read More

Kevin van Wouw, chief executive of Cradle Arc Plc (LON:CRA) tells Proactive they're to accelerate development at Mowana in Botswana to get the copper mine into profit more quickly.He says they've also upgraded the copper resource using modern JORC standards to 861,000 tonnes of contained copper at a grade of 1.15%.Of that, measured and indicated resources are 466,000 tonnes of contained copper. &n...Read More

Copper Tips – BUY Copper at CMP 441.40 for Target between 444.40 – 445 with SL below price 438.0AFTER POST CONTENT Read More

BRUSSELS (Reuters) - EU antitrust regulators are set to accept concessions from Gazprom (GAZP.MM) in the coming weeks aimed at addressing concerns that the Russian gas giant abused its dominant position in eastern Europe, sources familiar with the matter said.A decision by the European Commission could come as early as this month although the timing could still slip, the people said. A settlement...Read More

Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Tuesday April 3.Base metals traded on the Shanghai Futures Exchange took divergent paths during Asian morning trading on Tuesday, with copper consolidating after its push higher over the past week.The most-traded copper contract on the SHFE was at 50,550 yuan ($8,048) per tonne as of 10.53...Read More

Hugo Schumann of Apollo Minerals Limited (ASX:AON) talks Proactive Investors through the company's recent trading halt as three prestigious mining funds came on board for a combined A$6 million at a price of 23 cents.He describes the quality of the funds that have come in as a ringing endorsement of the project.Most of the initial expenditure will be put to reopening the world's highest-grade tung...Read More

LONDON (Reuters) - Europe’s manufacturing boom stumbled in March as optimism waned and demand ebbed owing to a powerful winter storm, surveys showed on Tuesday, but expansion was still broad-based across the continent.Factories in the currency bloc ended 2017 with record strong growth, so any slowdown from that pace is unlikely to stop decision-makers at the European Central Bank moving away...Read More

DETROIT (Reuters) - Detroit’s automakers posted sales gains in new vehicles in March on the back of a strong U.S. economy, sending shares in both General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) up in early trading.GM posted a 16 percent jump in new vehicle sales from the previous March, led by a 14 percent increase in higher-margin retail sales to consumers. Fiat...Read More

DUBAI (Reuters) - A Saudi oil tanker in the Red Sea was hit in a Houthi attack off Yemen's main port city of Hodeidah, Saudi-owned Al-Arabiya television reported on Tuesday, citing a statement from the Saudi-led coalition.The Iran-aligned Houthi group said they had targeted a warship of the coalition in the Red Sea in response to an air strike in Yemen's Hodeidah province on Monday.Reporting by Sa...Read More

Financial crises tend to start at the periphery and work their way into a system's core. Think subprime mortgages (a tiny little niche of a few hundred Continue...Read More

(Reuters) - The New York Federal Reserve launched a benchmark U.S. rate on Tuesday to potentially replace Libor, and market participants hope it will prove more reliable after a long and complex switchover.The Secured Overnight Financing Rate (SOFR) set at 1.80 percent. SOFR is based on the overnight Treasury repurchase agreement market, which trades around $800 billion in volume daily.Publishing...Read More

PARIS (Reuters) - France’s finance minister pledged on Tuesday to push ahead with President Emmanuel Macron’s drive to modernize the economy, just as rail unions launched the first of three months of rolling strikes, crippling train transport.Bruno Le Maire said the government would not pull back from economic reforms he said had helped make 2017 the best year for foreign corporate inv...Read More

SAN FRANCISCO (Reuters) - As far as the stock market is concerned, U.S. President Donald Trump is, right now, his own worst enemy.The president - who frequently touted Wall Street’s rally following his 2016 election victory - was partly blamed for a sharp stock selloff on Monday that investors believe is likely to continue, deepening cracks in a nine-year-old bull run.The selling was sparked...Read More

LONDON (Reuters) - Britain’s buoyant manufacturing industry lost some steam in the first three months of 2018, according to a survey on Tuesday that suggested the economy remains on a slow but steady course a year ahead of Brexit.The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) inched up to 55.1 in March from a downwardly revised 55.0 in February, beating the 54.7...Read More

(Reuters) - U.S. stock index futures signaled a higher opening for Wall Street on Tuesday, supported by slight gains in beaten-down technology stocks, but Amazon remained on track to open lower after dragging down the markets on Monday.Facebook, Netflix and Alphabet rose marginally in premarket trading after steep declines in recent weeks.The main U.S. indexes wiped out their gains for the year on...Read More

STAMFORD, Connecticut (Reuters) - In record time, Loxo Oncology (LOXO.O) developed a novel drug for a wide variety of tumors that share a rare mutation. It recently struck a partnership with Germany’s Bayer (BAYGn.DE). Its stock tripled in the past year.But in an unusual move for biotech - where hype is often the norm - its founders are tempering expectations.They are quick to point out that...Read More