MCX ALUMINIUM LIVE TARGET TIPSAluminium Live Target – Aluminium Sell Intraday Call 3ad, Given at price 132.10 Achieved 1st Target 131.10. CMP 130.80. Total Profit of 1.3 x 2 lot = 2.60 PointsToday Aluminium Intraday - SELL Aluminium 2 lot at CMP 132.10 for Target 131.10 - 130.60 with SL Above price 13AFTER POST CONTENT Read More
• Trade-war fears/safe-haven demand supports the bullish move. • Stellar ADP report fails to revive USD demand and stall the momentum. Gold continued gaining some positive traction through the early NA session and is currently placed at over 1-week tops, inching closer to $1350 level. Despite upbeat ADP report on the US private sector employment, the...Read More
Hecla Mining is buying Klondex Mines in a $462-million deal.Silvertip mine begins producing for Coeur.Congo signs new mining code into law.Insider buying picks up in the gold sector.Gold Mining Bull: Top News for March 2018 Here's a monthly recap of the top news in the gold mining sector, including drill results, takeover announcements and other relevant updates, to keep readers up-to-date on news...Read More
Perseus Mining (ASX,TSX:PRU) announced that that the ramp-up of operations at its Sissingu?(C) gold mine in northern Cote d'Ivoire has been completed ahead of schedule and the mine has now entered commercial production.Sissingu?(C) is located southeast of the 7Moz Morila gold mine and northwest of the 4.3Moz Tongon deposit. It is estimated to produce 358,000 ounces over the 5-year life of mine, in...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery lost 14 cents to $63.37 on the New York Merc, while Brent for June lost 10 cents to $68.02 (all figures in this para U.S.). Western Canadian Select last traded at a discount of $23.40 to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockmarket Business ReporterThe TSX Venture Exchange lost 5.52 points to 763.78 Wednesday. Vince Gasparro and Michael Galego's shell graduate, Cryptoglobal Corp. (CPTO), plans to sell itself to Sean Walsh's private cryptocurrency miner, HyperBlock Technologies C...Read More
Prices for hollow steel sections in Southern Europe have fallen by ?,?5-15 per tonne this week with producers continuing to look for orders, market sources said on Wednesday April 4.A low volume of completed sales of hollow sections on the spot market has led Southern European producer sources to lower their price expectations in recent weeks."Producers in Italy are more keen to get orders than th...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $0.60 to $1,332.80 on Wednesday. The TSX Venture Exchange dropped 5.52 points to 763.78 while the TSX Gold Index fell 1.37 points to 183.83. Most Canadian gold miners lost ground again today. Torex Gold Resource...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Wednesday was a bleak 78-108-125. The TSX Venture Exchange fell five points to 763 while polished diamond prices fell 0.2 per cent. Toby Mayo's Far Resources Ltd. (FAT) fell 1.5 cents to 33 cents...Read More
The latest news and price moves to start the Asian day on Thursday April 5.Base metals prices on the London Metal Exchange dropped throughout the day on Wednesday April 4, with sentiment remaining low after trade tensions between the United States and China escalated. Read more in our live futures report.Here are how prices finished Wednesday afternoon.With a widening differential between Chinese...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe Investment Industry Regulatory Organization of Canada has begun a case against Robert Edward Sole, a trader who managed to keep working through an IIROC suspension. IIROC says that Mr. Sole agreed to a one-month suspension in 2016 for a spoofing s...Read More
The Trump administration's planned 25% tariffs on Chinese products likely won't have a major impact on electric vehicle (EV) producers in the United States.The proposed tariff list, which was released on Tuesday April 3, contains 1,300 items that the US is targeting with an import tax following its Section 301 investigation. American companies now have the opportunity to provide feedback on the pr...Read More
Zinc and lead premiums were largely unchanged this week, with market attention on forward spreads, which have turned once again to backwardation. Zinc premiums remain unchanged globallySpreads return to backwardation, could pressure premiumsLead rates unchanged Premiums for Special High Grade zinc ingots remain unchanged in Asia, Europe and the United States this week, but the market is keeping a...Read More
China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More
In a comprehensive interview with Andrea Hotter in the April 2018 issue of Metal Market Magazine, Norilsk Nickel chairman Gareth Penny gave his predictions for electric and hybrid vehicle growth and how the company will move to maximize the value of its products. As the electrification of the global economy continues to increase demand for the metals that Norilsk produces, particularly nickel and...Read More
The European Non-Integrated Wire Rod Processors Association (Eunirpa) has expressed concerns about the recent safeguard investigation on imports of steel from all non-EU origins, it said on Wednesday April 4.Eunirpa fears the investigation will further intensify the wire rod shortage and the growing squeeze on margins that continue to severely affect independent wire rod processors.The association...Read More
Domestic prices for hot-rolled coil (HRC) have been stable this week as end users resist higher prices and continue to buy cheaper material from stocks, market sources told Metal Bulletin on Wednesday April 4."End users have not fully transferred current coil prices into the finished products prices," a representative from a Northern European mill said. "As a result, steel distributors and stock h...Read More
Prices for domestic steel beams have weakened across Europe for a third consecutive week with low buying activity inflating inventories at mills, market sources said. Metal Bulletin's price assessment for S235-grade, 200x200mm category-2 H-beams made in Northern Europe widened downward to ?,?600-615 ($737-756) per tonne delivered on Wednesday April 4, compared with ?,?600-625 per tonne delivered o...Read More
Iranian exporters of semi-finished steel products came back to the market after the Persian new year holiday late last month with price reductions that followed the trend in the wider global markets.Metal Bulletin's weekly price assessment for Iranian billet exports decreased to $500-515 per tonne fob on Wednesday April 4, from the previous range of $515-530 per tonne fob.Local producers Khouzesta...Read More
Prices for rebar produced and delivered in Northern Europe have remained unchanged over the past week, with market activity relatively quiet, market participants told Metal Bulletin on Wednesday April 4."Prices are stable but we expect market demand to rise because the second quarter [of the year] is normally the best quarter in terms of construction activity," one Northern Europe producer source...Read More