The CIS export billet price continued to fall in the week ended Monday April 9, influenced by the drop in Chinese export billet prices as well as a slump in import scrap prices in Turkey.Metal Bulletin's export CIS billet index was $515 per tonne fob Black Sea on April 9, down by $5 week on week.Some CIS producers followed the downward trend in an attempt to win contracts, and decreased their offe...Read More

The next move up for gold might be the real test for the stock market, says one technician.Continue...Read More

By Avi GilburtAs everyone seems glued to their twitter accounts or their news feeds, the market has been both rallying and fading despite all the negative news of these trade wars that are supposedly going to tank our equity market.I mean, its not like we began this correction well before trade wars began in earnest. Right? In fact, does any of this surprise you in any way, especially since the...Read More

SHANGHAI, Apr 9 (SMM) – Traders were actively looking to sell copper in the Shanghai spot market on the morning of Monday April 9. While they offered the red metal at a premium of 60-120 yuan/mt, transactions were mostly concluded at a premium of 70-100 yuan/mt.Standard-quality copper was heard traded at 50,320-50,460 yuan/mt and high-quality copper was at 50,340-50,500 yuan/mt, SMM lea...Read More

Investing.com - Gold struggled for direction on Monday as the U.S. stock market rallied, dampening investor appetite for the precious metal.Comex gold futures for April delivery fell 0.01% to $1,335.90 a troy ounce as of 11:11 AM ET (15:11 GMT).The price of the precious metal eased up slightly but was still down as U.S. stocks surged and the dollar remained under pressure. The U.S. dollar index, w...Read More

RAPAPORT... Initiatives in Art and Culture (IAC) will present itsfirst Responsible Practice in Jewelry Leadership Award to Toby Pomeroy. The award recognizes a member of the jewelry industry who has made a significant contribution to ethical sourcing and responsiblepractices in the trade.  Pomeroy (pictured) is a designer and goldsmith, as well as the founderof an Oregon-based susta...Read More

Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds...Read More

LONDON (Reuters) - Oil rose on Monday, boosted by investor caution over an air strike on a Syrian air base over the weekend, which overshadowed some of the concern that has undermined the crude market over an intensifying trade dispute between China and the United States.Syria and its main ally Russia blamed Israel for carrying out an attack on a Syrian air base near Homs on Monday which followed...Read More

(Bloomberg) - Just as labor tensions ease at BHP Billiton Ltd.'s giant Escondida mine, the copper industry has another iconic mine to worry about.Relations between the world's largest copper producer, Codelco, and unions in its Chuquicamata division have reached the lowest point in years as the mine transitions from open pit to an underground model that will use more automation and employ fewer w...Read More

China's major mills raised their crude steel output rates in mid-March after restrictions on production put in place for the winter heating season in the northern region came to an end.Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.7872 million tonnes per day during the second 10 days of March, up 55,200 tonnes - or 3.2% - from 1.732 million...Read More

Source: Michael J. Ballanger for Streetwise Reports 04/08/2018 Precious metals expert Michael Ballanger discusses Donald Trump's trade war with China and the implications for the gold market. -->When I played pro hockey in Richmond, Virgina, it was during the era of "Slapshot!" and the Broad Street Bullies when gooning (fighting) was fashionable and an integral part of the sport. Stocking y...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company will raise A$16.5-million through a share placement to fund further exploration work at the Brooking diamond discovery, in Western Australia.The shares, which will be priced at 23c each, will be placed under the company’s existing placement capacity.AdvertisementLucapa noted on Monday that it has received firm commitments...Read More

Japan’s largest copper smelter Pan Pacific Copper plans to increase its output by 300,000 mt during April to September this year, the company said last Friday.This would be a 15% increase from the same period last year. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cnRead More

It produced 124,296 ounces of gold during the January-March period, up 14% year-on-year, with the full-year guidance for 2018 kept at 580,000oz.Read More

Apr 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of April 6, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- Abc LeathersFund based- Working ICRA A3+120ReaffirmedCapital Fac Abc LeathersNon-fundICRA A3+80Reaffirmedbased-...Read More

RAPAPORT... Pangolin Diamonds has signed an agreement to acquire a minein Botswana, the company said last week.Pangolin has bought a 51% stake in the AK10 diamond asset,located in the Orapa kimberlite field in the Central District. Under the terms of the contract, Pangolin has the option to increase its holding to a maximum of 75%. De Beers discovered the pipe in 1968. It is one of several ki...Read More

* Impact on aluminium prices seen limited* U.S. aluminium premiums expected to rise further* U.S. imported 695,778 tonnes of Russian aluminium last year* Some Japan customers to keep supply deals, change settlement currencyBy Melanie BurtonMELBOURNE, April 9 (Reuters) - Rio Tinto will be among the biggest winners from the U.S. sanctions imposed on Russian aluminium giant United Company Rusal as th...Read More

- Gold outperforming stocks in 2018 and this century (see chart)- Gold up close to 2% in 2018 while S&P 500 is down 2%- Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish- Given gold's performance, Kudlow's dismissal of gold as "end of the world insurance" is "irrational"- Market volatility could drive gold to $1,500/oz in 2018 - HolmesEditor: Mark O'ByrneAuthored by Fr...Read More

We were recently asked if the price of gold is likely to rally because of the increased volatility in stocks. This seems believable at the first sight, as gold is seen as a safe-haven asset and thus people could be buying it when the stock market's movement becomes chaotic, scary and/or unpredictable. So, the stock market's volatile decline in the recent days is likely to become the catalyst fo...Read More

3 Market Stats You Must Know Right Now Via @BrianSozzi Ahead of Facebook (FB) CEO Mark Zuckerberg's two-day testimony on Tuesday, the social media giant's stock has rallied about 3% off its March 27 lows. The stock has lagged the Nasdaq Composite since mid-January.Friday's big down session in the markets brought the S&P 500 below its key 200-day moving average.Bank stocks remain stuck in the...Read More