SHANGHAI, Apr 2 (SMM) – Nonferrous metals futures rose across the board though China's Caixin manufacturing purchasing managers' index (PMI) failed to meet expectations. SHFE tin jumped over 2% and aluminium rebounded close to 2%. Nickel gained 1.6%, lead rose close to 1% while zinc inched up.The ferrous complex remained strong with coke up more than 3%. Rebar gained over 2%, ir...Read More

SHANGHAI, Apr 2 (SMM) – Nonferrous metals futures rose across the board though China's Caixin manufacturing purchasing managers' index (PMI) failed to meet expectations. SHFE tin jumped over 2% and aluminium rebounded close to 2%. Nickel gained 1.6%, lead rose close to 1% while zinc inched up.The ferrous complex remained strong with coke up more than 3%. Rebar gained over 2%, ir...Read More

SHANGHAI, Apr 2 (SMM) – Nonferrous metals futures rose across the board though China's Caixin manufacturing purchasing managers' index (PMI) failed to meet expectations. SHFE tin jumped over 2% and aluminium rebounded close to 2%. Nickel gained 1.6%, lead rose close to 1% while zinc inched up.The ferrous complex remained strong with coke up more than 3%. Rebar gained over 2%, ir...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. Index futures are responding to news that China has imposed a tariff on 128 U.S. products. Commodity prices moved higher on U.S. Dollar Index weakness. Gold gained $11.20 per ounce, silver added $0.33 per ounce and crude oil gained $0.34 per barrel.Tesla dropped $8.63 to $257.50 on news...Read More

The following is a summary of our recent FS Insider podcast, "ROBO Global's Bill Studebaker on China's Race Into Advanced Robotics and AI," which can be accessed on our site here on iTunes here.Artificial intelligence is rapidly assuming a pivotal role in the world economy, and some are concerned the United States-once a clear leader-may now be falling behind.Bill Studebaker, presid...Read More

SHANGHAI, Apr 2 (SMM) – The copper spot market in Shanghai saw active transactions on Monday April 2 as discounts stood at 110-40 yuan/mt. This compared with a discount of 180-120 yuan/mt on Friday March 30. Downstream consumers started to restock for the Qingming Festival holiday this week while sellers held back, SMM learned.At noon, standard-quality copper traded at 50,050-50,19...Read More

SHANGHAI, Apr 2 (SMM) – Treatment charges (TCs) for domestic copper concentrate in China remained flat from the previous week and stood at 3,200-3,800 yuan per metal mt for the week ended March 30. In the short term, SMM expects domestic TCs to stay flat due to volatile prices of zinc and uncertainty over the supply of concentrates.Unlike smelters, miners did not raise domestic TCs...Read More

SHANGHAI, Apr 2 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 200 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Monday April 2, while Jinchuan traded at a premium of 300 yuan/mt, SMM learned.Jinchuan offered nickel plate at 100,000 yuan/mt.Traders made offers actively due to ample supply, while downstream consumers took a watch-and-wait...Read More

SHANGHAI, Apr 2 (SMM) – China has issued nine batches of approvals for restricted solid scrap material imports this year, with approved copper scrap imports of 337,900 mt, sharply down 88% from the same number of batches in 2017, SMM learned.Taizhou Chiho was approved to import 111,000 mt of copper scrap in Batch One and Batch Nine, down 74% from the same batches of 2017. Zhejiang Judong was...Read More

SHANGHAI, Apr 2 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index edged down below 90 with limited upward momentum, while base metals rose across the board. SHFE nickel jumped over 2.5%, lead surged over 2%, tin rose 1.7%, while zinc, aluminium and copper were up some 1%.China’s official manufacturing purchasi...Read More

SHANGHAI, Apr 2 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index edged down below 90 with limited upward momentum, while base metals rose across the board. SHFE nickel jumped over 2.5%, lead surged over 2%, tin rose 1.7%, while zinc, aluminium and copper were up some 1%.China’s official manufacturing purchasi...Read More

Adem Tumerkan April 2, 2018 Category: Research Most investors just buy and forget about their stocks. Expecting that in a couple decades that their nest-egg will be huge enough so they can safely retire.We see people like Warren Buffet and Mark Cuban all rich and happy. And your financial advisor tells you that it's something you can have too."Just keep investing and dollar-cost averaging each pay...Read More

SHANGHAI, Apr 2 (SMM) –Copper: Supported by crude oil prices, SHFE copper rose and stood above the 10-day moving average with KDJ indicator expanding upwards. We expect the contract to trade at 50,200-50,700 yuan/mt today, with spot discounts at 150-100 yuan/mt.Aluminium: We expect LME aluminium to hover around the $2,000/mt level and trade at $1,995-2,020/mt with limited upward room given&n...Read More

SHANGHAI, Apr 2 (SMM) –Copper: Supported by crude oil prices, SHFE copper rose and stood above the 10-day moving average with KDJ indicator expanding upwards. We expect the contract to trade at 50,200-50,700 yuan/mt today, with spot discounts at 150-100 yuan/mt.Aluminium: We expect LME aluminium to hover around the $2,000/mt level and trade at $1,995-2,020/mt with limited upward room given&n...Read More

SHANGHAI, Apr 2 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index edged down below 90 with limited upward momentum, while base metals rose across the board. SHFE nickel jumped over 2.5%, lead surged over 2%, tin rose 1.7%, while zinc, aluminium and copper were up some 1%.China’s official manufacturing purchasi...Read More

Anglo American has again halted iron ore output at its Brazilian Minas-Rio operation, with the company's shipments affected after a pulp leakage at its slurry pipeline on Thursday March 29."The supply is paralyzed, as the stock level of 700,000 tonnes of iron ore ended," the miner told Metal Bulletin on April 2."We are now negotiating [the issue] with each client," it added.The company supplies th...Read More

SHANGHAI, Apr 2 (SMM) –Copper: Supported by crude oil prices, SHFE copper rose and stood above the 10-day moving average with KDJ indicator expanding upwards. We expect the contract to trade at 50,200-50,700 yuan/mt today, with spot discounts at 150-100 yuan/mt.Aluminium: We expect LME aluminium to hover around the $2,000/mt level and trade at $1,995-2,020/mt with limited upward room given&n...Read More

A Golden start-up company working to bring to market patented technology developed by Colorado School of Mines researchers for the quick and accurate testing of bacterial infections recently received $275,000 in angel funding.Traxion, a Golden-based venture catalyst whose strategic partners include the City of Golden and Mines, announced the successful completion of a $275,000 follow-on round of a...Read More

China's steel purchasing managers' index (PMI) rose in March, returning to expansion territory due to an increase in steelmaking activity last month. The index rose 1.1 points from February to 50.6 points, according to data released by the China Federation of Logistics & Purchasing (CFLP) last Saturday March 31.The sub-index for steel production jumped by 5.2 points to 50.6 points, with production...Read More

Anglo American has again halted iron ore output at its Brazilian Minas-Rio operation, with the company's shipments affected after a pulp leakage at its slurry pipeline on Thursday March 29."The supply is paralyzed, as the stock level of 700,000 tonnes of iron ore ended," the miner told Metal Bulletin on April 2."We are now negotiating [the issue] with each client," it added.The company supplies th...Read More