Gold rose on safe haven demand on the back of the stock market sell off. Chinese retaliation on American goods will ensure that gold continues to remain firm. Gold will rise as long as uncertainty over the bullish trend in the global stock market is there. Physical demand in Asia will rise as laggards buy gold. I also see more and more new investors starting to invest in gold. Silver will catch...Read More

Chinese ferro-silicon prices continued their downward trend over the past week, pressured by ample stocks and a negative outlook for the market due to weakness in the country's steel sector. Metal Bulletin assessed the Chinese domestic spot ferro-silicon (basis 75% silicon) price at 6,100-6,500 yuan ($971-1,035) per tonne on Friday March 30, compared with 6,500-7,000 yuan per tonne a week earlier....Read More

First gold was poured on time and on budget after a A$200 million, 11-month construction phase.The milestone comes five-and-a-half years since Dacian listed on the ASX."The attributes which have enabled us to arrive at this very significant occasion are the same attributes that will drive our ramp-up and ongoing growth strategy," Dacian executive chairman Rohan Williams said. "We started work...Read More

SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More

SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More

SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade. General Electric (GE $13.16) is expected to open lower after Stifel Nicolaus lowered its target price to $13 from $15.MMM (MMM $212.62) is expected to open lower after Stifel Nicolaus lowered its target price to $225 from $251.Constellation Brands slipped $1.83 to $226.33 after Stifel Ni...Read More

SHANGHAI, Apr 3 (SMM) – The final purchasing managers' index (PMI) for downstream nickel industries in March inched up from February and stood at 52.5, SMM data showed. The figure fell below expectations.As operation across industries recovered after Chinese New Year, the overall production index in March came in at 57.4.New orders increased across various sectors, especially for el...Read More

SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More

SHANGHAI, Apr 3 (SMM) – The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract. This compared with a discount of 110-40 yuan/mt on Monday April 2. Sellers took control of the market, while traders and downstream consumers were keen to stock for the Qingming Festival holiday, SMM learned.Standard-q...Read More

Prairie Mining Limited (ASX:PDZ - LSE:PDZ) has todayreleased an update on its Jan Karski Mine project in Poland.PDZ completed an Environmental and SocialImpact Assessment and made submissions to the relevant administrative body foran Environmental Consent decision in October 2017, as required by law. However,Prairie is yet receive the required Environmental Consent decision from thePolish governm...Read More

SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More

SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More

SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More

Prices US$ at March 29, 2018. Source: LME, CME, UxC, ICE, TSIStock market, currency data @ March 29, 2018.Expectations of a boom in demand for battery raw materials as automakers move away from internal combustion engines kept cobalt and nickel prices on the boil during the first quarter.Cobalt is up another 24% in 2018 as it builds on a more than fourfold increase in value from record lows early...Read More

Import offers for billet in Southeast Asia decreased over the past week amid sparse trading, while bids for slab have risen amid limited offers and growing demand for the product.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-550 per tonne cfr for the week ended Monday April 2, down $10-15 per tonne from a week earlier.Market participants said they did not...Read More

SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More

SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More

The possibility of a cyclone intensifying off the coast of Queensland has raised concerns over how it might affect seaborne coking coal exports from the Australian state.The North Queensland Bulk Ports Corp, which oversees the Hay Point and Abbot Point coal terminals, announced on Tuesday April 3 that it had closed access to public assets ahead of the approaching Cyclone Iris. "The ports of Hay Po...Read More

The new head of the Colorado School of Mines Department of Civil and Environmental Engineering plans to work with faculty raise the department's profile nationally and around the world.Professor Terri Hogue was named department head in January. Hogue joined Mines in July 2012, and previously taught at UCLA. She received her master's and doctoral degrees in hydrology and water resource engineering...Read More