Copper on the way up again... ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
SHANGHAI, Apr 17 (SMM) – China’s investment in fixed assets, excluding rural households, stood at 10.08 trillion yuan in the first quarter of this year, up 7.5% year on year, according to latest data from the National Bureau of Statistics on Tuesday April 17. The growth was 0.4 percentage point slower than in the first two months of this year.Of the total, private investment in fixed a...Read More
SHANGHAI, Apr 17 (SMM) – China’s investment in fixed assets, excluding rural households, stood at 10.08 trillion yuan in the first quarter of this year, up 7.5% year on year, according to latest data from the National Bureau of Statistics on Tuesday April 17. The growth was 0.4 percentage point slower than in the first two months of this year.Of the total, private investment in fixed a...Read More
SHANGHAI, Apr 17 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US treasury yield rates declined, the US dollar index fell 0.41% overnight and hovered around 89.4. Base metals rose across the board, with LME metals driving their SHFE counterparts. LME aluminium rose close to 5% and hit a new high since September 2011 at one...Read More
SHANGHAI, Apr 17 (SMM) – China’s investment in fixed assets, excluding rural households, stood at 10.08 trillion yuan in the first quarter of this year, up 7.5% year on year, according to latest data from the National Bureau of Statistics on Tuesday April 17. The growth was 0.4 percentage point slower than in the first two months of this year.Of the total, private investment in fixed a...Read More
Bearish chart continuation pattern triggered......ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
Adem Tumerkan April 17, 2018 Category: Research Commodities and gold are finally getting the attention they deserve.Many of us contrarians and independent-thinking investors are fond of commodities in a portfolio - especially the commodity producers – in today’s market.High-quality junior mining equities are just so cheap compared to the major markets like the S&P 500.The type of o...Read More
SHANGHAI, Apr 17 (SMM) – Trading in the imported copper concentrate market was thin during the week ended April 13 as smelters held back purchasing on the relatively low treatment charges (TCs).SMM assessed clean copper concentrate TCs at $70-76/mt as of Friday April 13, down $0.5/mt from a week ago.The copper concentrate market remains in a tight balance even though impact of strikes at ove...Read More
SHANGHAI, Apr 17 (SMM) –Copper: A fall in the US dollar pushed up copper prices overnight. LME copper stood above the 20-day moving average and touched a high of the 60-day moving average. The SHFE 1806 contract also stood at the 20-day moving average with much upward room. We expect LME copper to trade at $6,850-6,920/mt today and the SHFE contract to trade at 50,500-51,000 yuan/mt. Spot pr...Read More
SHANGHAI, Apr 17 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Tuesday April 17, while Jinchuan traded at a premium of 600 yuan/mt, SMM learned.Jinchuan offered nickel plate at 103,500 yuan/mt.Traders made offers actively due to ample supply. As nickel futures prices traded at high levels...Read More
SHANGHAI, Apr 17 (SMM) – In the first three months of this year, China produced 212.15 million mt of crude steel, up 5.4% year on year, according to latest data from the National Bureau of Statistics.The output of aluminium stood at 8.12 million mt, up 0.3% on the year.The output of nonferrous metals stood at 13.39 million mt, up 2.4% on the year. For editorial queries, please cont...Read More
The Rights and Accountability in Development (RAID) UK and Legal and Human Rights Centre (LHRC) groups said in a letter to the Acacia board the draft community grievance process released in December missed UN guidelines.The letter, sent before Acacia's AGM this week, said the new draft process "lacks human rights benchmarks, lacks transparency, lacks independence, provides very limited legal assis...Read More
In sight of fresh highs on Rusal’s...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
SHANGHAI, Apr 17 (SMM) – In the first three months of this year, China produced 212.15 million mt of crude steel, up 5.4% year on year, according to latest data from the National Bureau of Statistics.The output of aluminium stood at 8.12 million mt, up 0.3% on the year.The output of nonferrous metals stood at 13.39 million mt, up 2.4% on the year. For editorial queries, please cont...Read More
SHANGHAI, Apr 17 (SMM) – Spot copper in the Shanghai market was offered at a premium of 190-250 yuan/mt over the SHFE 1805 contract on Tuesday April 17, SMM learned. This compared with a premium of 40-100 yuan/mt over the 1804 contract the previous day.Spot premiums are unlikely to stay at high levels in the short term as sellers were keen to destock while buyers mostly purchased as needed d...Read More
SHANGHAI, Apr 17 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US treasury yield rates declined, the US dollar index fell 0.41% overnight and hovered around 89.4. Base metals rose across the board, with LME metals driving their SHFE counterparts. LME aluminium rose close to 5% and hit a new high since September 2011 at one...Read More
Tin looks weak LME tin is...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it&#...Read More
The company said the suspension was expected to have little impact on overall production as its subsidiary Henan Found's milling capacity was about 25% higher than the mining capacity.Read More
SHANGHAI, Apr 17 (SMM) – In the first three months of this year, China produced 212.15 million mt of crude steel, up 5.4% year on year, according to latest data from the National Bureau of Statistics.The output of aluminium stood at 8.12 million mt, up 0.3% on the year.The output of nonferrous metals stood at 13.39 million mt, up 2.4% on the year. For editorial queries, please cont...Read More
SHANGHAI, Apr 17 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US treasury yield rates declined, the US dollar index fell 0.41% overnight and hovered around 89.4. Base metals rose across the board, with LME metals driving their SHFE counterparts. LME aluminium rose close to 5% and hit a new high since September 2011 at one...Read More