It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More

KUALA LUMPUR (Reuters) - U.S. industrial conglomerate Honeywell International Inc (HON.N) is targeting a roughly 10 percent increase in revenue from Southeast Asia this year, in part boosted by growing defense spending in the region, a company executive told Reuters.The company, which makes everything from jet engines to thermostats, is primed to benefit in the region as China’s territorial...Read More

While the programming behind algorithmic trading is still in relative infancy, these computerized systems are more likely to increase volatility in metals trading than reduce it, Lord Copper muses. A few weeks ago, fellow Metal Bulletin columnist Martin Hayes wrote about the dramatic fall in the prices of financial assets since the turn of the year. Stock markets across the world have given b...Read More

Aluminium prices on the London Metal Exchange had rallied by 2.2% at the close on Friday April 6 following the announcement that the United States has sanctioned and frozen Oleg Deripaska's assets subject to US jurisdiction,which includes Rusal.The three-month aluminium price closed at $2,042 per tonne, its highest since before the Easter break. "[Aluminium made] a late charge to $2,055 per t...Read More

Seaborne coking coal prices saw little movement on Friday April 6, with buyers anticipating the downtrend to resume next week with cyclone fears subsiding. Both Hay Point Coal Terminal and Abbot Point Coal Terminal in Queensland, Australia, are unloading coal trains, rail freight operator Aurizon confirmed on Friday. "Aurizon Network is working with its rail customers in regard to recommencing the...Read More

Base metal prices were lower across the board on the London Metal Exchange during morning trading on Friday April 6, due to the US announcing further impositions on Chinese products. US President Donald Trump announced further tariff considerations against Chinese products, proposing a further $100 billion in trade sanctions. "The market is still overreacting to Trump's trade rants. Trade tar...Read More

Aluminium Carry Call – BUY Aluminium at CMP 128.80 for Target Tomorrow at price 130 – 132 with SL below price 126.80AFTER POST CONTENT Read More

Just when it looked like the fear factor was over it comes roaring back.Latest escalation of tariff dispute could benefit gold's immediate trend.Next 1-2 trading sessions are likely "make-or-break" for gold.Just when it looked like the choppiness in the gold market might subside things got turbulent again for the yellow metal. The back-and-forth action in the gold price has mirrored...Read More

The US Non-Farm Payroll numbers disappointed to the downside.  Gold bulls have found support at the $1,320 level, and the next crucial resistance is seen at $1,345.  Gold is trading at around $1,331 up 0.37% on Friday as the US Non-Farm Payroll (NFP) in March came in below expectations at 103K versus 193K forecast by analysts. The Average Hourly Earnings matched analysts'...Read More

Gold futures on Friday logged a daily and weekly advance on the back of U.S.-China trade-war jitters, which flared up late Thursday and roiled global stocks, driving investors into assets perceived as havens. A mostly lackluster U.S. employment reading for the March, which nicked the dollar index and buttressed already deep losses for stocks, also helped lift gold. The White House said in a stat...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 Friday was an 88-88-118 draw. The TSX Venture Exchange fell one point to 769 while polished diamond prices were flat. Ken MacNeill and George Read's Star Diamond Corp. (DIAM), which briefly nosed...Read More

   •  A modest USD retracement helps bounce off lows.   •  Gains remain capped ahead of the key NFP report. Gold pared some of its losses to 2-week lows and is now trying to stabilize around the $1325-24 region as investors keenly await the release of latest US jobs report.  In absence of any fresh fundamental trigger, a modest US Dollar retracement, am...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 ReporterThe TSX Venture Exchange lost 1.41 points to 769.15 Friday, ending the week down 27.52 points. Two capital pool shells listed today. First, Arif Shivji's Predator Blockchain Capital Corp. (PRED) opened at 28 cents and closed at 24 cent...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 gained $7.20 to $1,333.40 on Friday. The TSX Venture Exchange dropped 1.41 points to 769.15 while the TSX Gold Index added 1.54 points to 185.95. Most Canadian gold miners moved little today. Agnico Eagle Mines Ltd....Read More

Bosera Gold lures over $500 million this year, most on recordInflows help push bullion holdings in ETFs to five-year highAll the talk of a brewing global trade war may turn out to be more bark than bite, but investors in Chinese exchange-traded funds aren’t taking any chances.China’s Bosera Gold ETF has attracted $553.8 million so far this year, putting it on course for the biggest a...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 CaswellSunoil Ltd. has dropped a lawsuit that it was pursuing in the Supreme Court of British Columbia against its former chairman, Robert Gardner. The company had claimed that Mr. Gardner and others fraudulently misrepresented the value of a property called...Read More

Indian steel mills are likely to increase domestic hot rolled coil (HRC) prices about 750 rupees ($12) per tonne following a surge in commodities' prices in the international market this week, sources told Metal Bulletin.Officials from at least two Indian mills confirmed that the domestic price for HRC in April will be hiked at least Rs750 per tonne. "The mills have not officially sent a revised p...Read More

Steel scrap prices in the major global markets have shown strong declines following the sharp fall in Turkish imported scrap values during the working week from Monday April 2 to Friday April 6.Taiwanese and US scrap prices did remain stable but the pressure on US prices as strengthened over the week.Turkey importsTurkish import scrap prices fell sharply after steel producers managed to get lower...Read More

Chilean copper producer Codelco has reached an agreement with unionized workers at its Radomiro Tomic division for a new labor contract, thereby avoiding the risk of a strike action.Nearly 70% of the voting workers approved the company's latest wage offer, which proposes a 1% real pay rise and a net end-of-negotiations bonus...Read More

The US spot 6063 aluminium billet premium rose again in early April, and industry participants foresee further tightness in the market following the announcement of US sanctions against Russian aluminium producer UC Rusal.American Metal Market's latest assessment of the spot 6063 extrusion billet upcharge came to 13-13.5 cents per pound on Friday April 6, up from 11-13 cents per pound in mid-March...Read More