SHANGHAI, Apr 18 (SMM) – Nonferrous metals rebounded across the board on Wednesday April 18, except for lead. SHFE zinc, tin and nickel rose close to 1%, copper gained 0.63%, and aluminium edged up slightly.The ferrous complex remained strong. Coke surged close to 5%, coking coal jumped 3%, hot-rolled coil and iron ore gained over 2% and rebar rose close to 2%.Copper: SHFE copper broke the 5...Read More
(IDEX Online) - Hong Kong-based Diamond Services, a developer of technological systems and services for detecting synthetic, imitation and treated diamonds, says research it conducted indicates that High Pressure-High Temperature (HPHT) created diamonds subjected to irradiation treatment may not be detected by many of the screening devices that test diamonds at room temperature. ...Read More
Rio tracked closer to expectations on iron ore production in the March quarter, upping shipments 5% year-on-year to 80.3 million tonnes. Read More
(IDEX Online) - De Beers Group is donating $250,000 to the Kiran Hospital in India's diamond center of Surat "to support the recently-opened facility in continuing to provide vital, accessible and high-quality healthcare to patients." The miner said the donation "reflects De Beers' commitment to helping create a sustainably better future for the communities it operates in, to leave a positi...Read More
RAPAPORT... Hong Kong-based jewelry retailer Chow Tai Fook saw a jump inquarterly sales amid stronger consumer sentiment and an increase in goldprices. Total retail sales leaped 13% in mainland China and grew 11%in Hong Kong and Macau in the fourth fiscal quarter ending March 31, thecompany reported Monday. Same-store sales - at branches open for two years -increased 7% on the mainland and surged...Read More
Silver production rose 13% year-on-year to 4.7 million ounces of silver, while gold output jumped 14% to 69,030oz. Read More
SHANGHAI, Apr 18 (SMM) – The US Department of Commerce announced on TuesdayApril 17 that it was launching a new round of anti-dumping and anti-subsidy investigations on certain steel wheels imported from China, SMM learned. The investigations began after two US manufacturers of vehicle components, Accuride Corporation and Maxion Wheels Akron LLC, filed complaints last month. The US...Read More
Base metals prices on the London Metal Exchange are on divergent paths so far this morning, Wednesday April 18, despite the strong risk sentiment seen across wider financial markets following solid earnings results and the surprise monetary easing announced by China’s central bank. Nickel (+3.5%), Aluminium (+1.2%) and copper (+0.7%) are trading positively, while the rest of the complex was d...Read More
Nickel surged to a more than three-year high amid growing fears that Russia's Norilsk Nickel, top producer of the metal, could be the next victim of US sanctions against Russia that has already caused chaos on aluminum markets.Nickel, used primarily in steelmaking, jumped as much as 4.6% to $14,870 a ton on the London Metal Exchange, the highest level since February 2015. Bullish sentiment was...Read More
RAPAPORT... The Gemological Institute of America (GIA) has launched amelee-screening center on the premises of diamond supplier Stuller, enablingthe jeweler to verify the natural origin of its stones.The arrangement allows Stuller to sell its natural diamondsto retail clients with an accompanying GIA document stating that the goods arenot synthetic or simulants. The GIA independently operates the...Read More
Nickel is also on a watch list of commodities under pressure if relations between Russia and the western world deteriorate further.Read More
SHANGHAI, Apr 18 (SMM) – China’s copper anode imports have risen as the country continued to expand its copper smelting capacity and as its domestic raw material supply percentage is below 30%.In 2017, imported copper anode accounted for 9.1% of the total raw materials used for copper smelting in China. This compared with 8.8% in 2016, SMM data showed.Zambia, Chile, and the Democr...Read More
U.S .equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. First quarter reports continue to pour in. Companies that reported overnight included IBM, United Continental, Intuitive Surgical, CSX, Abbott Labs and Morgan Stanley. Intuitive Surgical added $23.05 to 458.50 after reporting higher than consensus first quarter earnings. Stifel Nicolaus r...Read More
The company has left full year production forecasts unchanged, while net debt declined a further US$4.8 million to $60.8 million.Read More
SHANGHAI, Apr 18 (SMM) – Nonferrous metals rebounded across the board on Wednesday April 18, except for lead. SHFE zinc, tin and nickel rose close to 1%, copper gained 0.63%, and aluminium edged up slightly.The ferrous complex remained strong. Coke surged close to 5%, coking coal jumped 3%, hot-rolled coil and iron ore gained over 2% and rebar rose close to 2%.Copper: SHFE copper broke the 5...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.President Trump is widely known for his strong affinity towards gold, and an increasing number of strategists believe his policies are making gold's shine even brighter.This time on Financial Sense Newshour we spoke with well-known gold analyst John Ing of Maison Placements Canada Inc. about gold's prosp...Read More
SHANGHAI, Apr 18 (SMM) – Prices of residential property in China’s first-tier cities continued to decline on the year in March, while prices across second- and third-tier cities rose at a slower rate, data from the National Statistics Bureau showed. In first-tier cities, prices of new and resale homes in March fell 0.6% and 0.1% on the year, respectively. The data covere...Read More
SHANGHAI, Apr 18 (SMM) – Nonferrous metals rebounded across the board on Wednesday April 18, except for lead. SHFE zinc, tin and nickel rose close to 1%, copper gained 0.63%, and aluminium edged up slightly.The ferrous complex remained strong. Coke surged close to 5%, coking coal jumped 3%, hot-rolled coil and iron ore gained over 2% and rebar rose close to 2%.Copper: SHFE copper broke the 5...Read More
SHANGHAI, Apr 18 (SMM) – Nonferrous metals rebounded across the board on Wednesday April 18, except for lead. SHFE zinc, tin and nickel rose close to 1%, copper gained 0.63%, and aluminium edged up slightly.The ferrous complex remained strong. Coke surged close to 5%, coking coal jumped 3%, hot-rolled coil and iron ore gained over 2% and rebar rose close to 2%.Copper: SHFE copper broke the 5...Read More