The latest news and price moves to start the Asian day on Friday July 6.Base metals on the London Metal Exchange were mixed at the close of trading on Thursday July 5, pressured by macroeconomic uncertainty amid continued sell-offs in copper, zinc and tin prices. Read more in our live futures report.Here are how prices looked at the close of trading:Metals packager Ball Corp plans to cease product...Read More

SHANGHAI, Jul 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell to a three-week low ahead of the tariffs on $34 billion of Chinese imports, while the euro strengthened.Base metals mostly ceased their downward trend but remained weak. LME copper and aluminium lost over 1%, tin and zinc inched down, while lead rebounded...Read More

Investing.com - Gold prices remain near a one-week high on Thursday as the U.S. dollar weakened and traders looked ahead to meeting minutes from the Federal Reserve.Comex gold futures for August delivery increased 0.22% to $1,256.20 a troy ounce as of 10:11 AM ET (14:11 GMT).Gold was bolstered by a weaker U.S. dollar. Gold normally rises as the dollar falls, as the precious metal is denominated in...Read More

By Sai Sachin Ravikumar and Sudarshan VaradhanNEW DELHI, July 5 (Reuters) - India's environmental court did not allow Vedanta Ltd VDAN.NS to reopen its copper smelter in the southern Indian state of Tamil Nadu (NS:TNNP), a lawyer representing the state said on Thursday after a hearing on the matter.India's National Green Tribunal did not accept Vedanta's request to reopen the smelter on an interim...Read More

* MSCI Asia-Pacific index down 0.5 pct, Nikkei loses 1 pct* Spreadbetters expect European stocks to open little changed* Moves limited before Washington's July 6 tariffs deadline* Trade woes keep copper, zinc stuck near one-year lows* Crude slips after Trump demands OPEC "reduce pricing now"By Shinichi SaoshiroTOKYO, July 5 (Reuters) - Asian stocks fell for the fourth day and major currencies trad...Read More

* MSCI Asia-Pacific index down 0.1 pct, Nikkei down 0.15 pct* US markets closed on Weds, Asia lacks strong direction* Moves limited before Washington's July 6 tariffs deadline* Copper, zinc stuck near one-year lows amid trade woes* Crude slips after Trump demands OPEC "reduce pricing now"By Shinichi SaoshiroTOKYO, July 5 (Reuters) - Asian stocks were shaky while major currencies barely budged in e...Read More

The latest news and price moves to start the Asian day on Friday July 6.Base metals on the London Metal Exchange were mixed at the close of trading on Thursday July 5, pressured by macroeconomic uncertainty amid continued sell-offs in copper, zinc and tin prices. Read more in our live futures report.Here are how prices looked at the close of trading:Metals packager Ball Corp plans to cease product...Read More

Forget about American whispers of auto tariffs - the Chinese electric car industry is about to explode! Finally, a major world player is looking to give the boot to gas-fueled motor vehicles with an electric alternative. These three hot Canadian stocks are going to surge ahead of this paradigm shift in the auto industry, so read on and see which ones to buy now.Lithium Americas Corp. (TSX:LAC)(NYS...Read More

The electric vehicle industry is projected to post massive growth in the coming decades, and this will have far-reaching consequences for a variety of industries. The use and demand for lithium is one such development. Indeed, the race to develop lithium mines has picked up steam over the past several years.This has also occurred as other miners have fallen out of favour. Gold and silver have stag...Read More

Urenco is to provide enrichment services to EDF to support the recycling of uranium recovered from used nuclear fuel in French nuclear reactors under a new contract announced yesterday.Dominique Mini??re, EDF Group senior executive vice president for nuclear and thermal, and Urenco CEO Thomas Haeberle, at the signing ceremony (Image: Urenco)The "high value and long-term" contract covers the enrich...Read More

After a two-year period of super-fast growth, the expansion of London Metal Exchange warehouses in Asia slowed significantly over the past year. But what lies behind the change - especially as LME storage space in Europe has also continued to dwindle? Warehouse space at the nine LME delivery locations in Asia grew by just 3% to 1,608,813 sq m  in the year to June 2018, largely due t...Read More

Nickel prices on the London Metal Exchange fell by 1.7% at the close of trading on Friday July 6, ending the week more than 4% lower while ongoing macroeconomic pressure continues to hinder the complex. Closing below $14,000 per tonne for the first time since April 13, nickel prices continued to suffer against a backdrop of falling LME inventory. Total LME nickel stocks are at their lowest si...Read More

Katoen Natie Singapore (Jurong) Pte Ltd has withdrawn from London Metal Exchange warehouse services with immediate effect, with the operator and name of the shed switching to Henry Bath Singapore, the LME said on Friday July 6. The Belgian-based logistics provider had listed Singapore as an LME-approved warehouse in November 2016 and had only 75 tonnes of stock in May, according to the latest inve...Read More

Key data from the pricing session in the week ending Friday July 6. China  Most of the ferro-chrome smelters in Inner Mongolia that were idled have restarted, which weighed on Chinese ferro-chrome prices.  Increased domestic supply subdued demand for imported charge...Read More

China's domestic spot battery-grade lithium carbonate prices fell on Thursday July 5 due to continued weak demand and the availability of cheaper material; hydroxide prices held steady with most producers maintaining their offers although lower prices are starting to be offered. Chinese lithium carbonate prices fell on lower consumption  Cheaper battery and industrial-grade carbonate prices o...Read More

The tentacles of US sanctions may be starting to reach further afield, special correspondent Andrea Hotter muses in the latest Hotter on Metals column. Earlier this week on Tuesday July 3, producer and trading company Glencore said it had received a subpoena from the US Department of Justice to produce documents and other records related to a money laundering probe. Sanctions were not mentioned, b...Read More

Enron was a product of the late 1990's dot.com / tech bubble. Similar to Tesla's "production tent," Enron would set entire floors of buildings to look like elaborate energy trading rooms. The operations were nothing more than a fraudulent shell game, set-up for the benefit of Wall Street analysts and journalists.Bear Stearns was a product of the mid-2000's mortgage bubble. It created catas...Read More

The tentacles of US sanctions may be starting to reach further afield, special correspondent Andrea Hotter muses in the latest Hotter on Metals column. Earlier this week on Tuesday July 3, producer and trading company Glencore said it had received a subpoena from the US Department of Justice to produce documents and other records related to a money laundering probe. Sanctions were not mentioned, b...Read More

The UK light iron scrap market finally moved up this week, breaking a 12-week run of stability due to firmer demand and the conclusion of the July monthly delivery settlements to consumers next week.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?95-125 ($126-165) per tonne on Friday. This compares with the low for the year to date of ?90-11...Read More

Global steel scrap prices softened in the week ended Friday July 6, amid a fall in demand across most regions. Turkey booked no new deep-sea cargoes and the Indian market was also quiet, while prices on the East Coast of the United States remained flat due to a lack of deals.Bucking the trend, prices in Taiwan edged upward with improved demand, after there being no changes last week.Turkey imports...Read More