SHANGHAI, Mar 29 (SMM) – Nonferrous metals futures rose across the board during the afternoon trading session on Thursday March 29 with SHFE nickel up close to 2% and copper up nearly 1%.Ferrous metals, meanwhile, all closed over 1% higher, except for coke, which was down just over 1%.Copper: The SHFE 1805 contract hit a high at 50,100 yuan/mt today as some investors added to their long bets...Read More
Tech Talk will not be publishing tomorrow, Good Friday. Next report is to be released on Monday April 2nd. Have a Happy Easter weekend.Pre-opening Comments for Thursday March 29thU.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.Index futures were virtually unchanged following release of economic news a...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.With President Trump's announcement of trade tariffs, fears of a trade war have overtaken the news cycle and added to market volatility in recent weeks.But, is this fear really justified? This time on the Financial Sense Newshour, Jim Puplava takes a look at the reality behind the recent panic to determine what threat,...Read More
SHANGHAI, Mar 29 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of 100-200 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Thursday March 29, while Jinchuan traded at a premium at 400 yuan/mt, SMM learned.Jinchuan offered nickel plate at 96,900 yuan/mt.Prices of nickel futures traded rangebound in the morning and traders made offers actively due to ampl...Read More
SHANGHAI, Mar 29 (SMM) – Copper prices are likely to be rangebound at a relatively high level in 2018 as supplies of copper concentrate tighten, Jiangxi Copper said in its earnings report on Thursday March 28.The growth in global copper concentrate output is set to slow down in the next two to three years as the last round of copper mine investment comes to an end. Consumption, meanwhile, wi...Read More
SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More
Private Blog – The close of March – 1st Quarter Dow-Gold-DollarRead More
SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More
SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More
SHANGHAI, Mar 29 (SMM) –Copper: A stronger US dollar and falling oil prices are likely to keep copper prices under pressure. We expect LME copper to trade at $6,640-6,690/mt today and the SHFE 1805 contract at 49,400-49,900 yuan/mt. Spot discounts are expected at 200-140 yuan/mt.Aluminium: A total of 18,000 lots of short positions were added to SHFE aluminium at the start of the trading...Read More
SHANGHAI, Mar 29 (SMM) –Copper: A stronger US dollar and falling oil prices are likely to keep copper prices under pressure. We expect LME copper to trade at $6,640-6,690/mt today and the SHFE 1805 contract at 49,400-49,900 yuan/mt. Spot discounts are expected at 200-140 yuan/mt.Aluminium: A total of 18,000 lots of short positions were added to SHFE aluminium at the start of the trading...Read More
SHANGHAI, Mar 29 (SMM) –Copper: A stronger US dollar and falling oil prices are likely to keep copper prices under pressure. We expect LME copper to trade at $6,640-6,690/mt today and the SHFE 1805 contract at 49,400-49,900 yuan/mt. Spot discounts are expected at 200-140 yuan/mt.Aluminium: A total of 18,000 lots of short positions were added to SHFE aluminium at the start of the trading...Read More
St-Onge, who has a Queen's University MBA, spent the past nine years with Export Development Canada, most recently leading development of EDC's relationships with Canada's largest financial institutions."The future of mining is digital and Micromine's first class software solutions make it perfectly placed to embed itself as the new industry standard in North America," she said this week.St-Onge i...Read More
This year marks the start of a new age of steelmaking for China, according to Chi Jingdong, vice-chairman of the China Iron & Steel Association.The Chinese steel industry will continue to strive for improvements, especially in structural changes and meeting the demand of the country's economy, he said."The Chinese steel industry will work to ensure that domestic steelmakers work to support a stabl...Read More
The company said this week that due to the disappointing performance of its mining business and the impact of legacy residential projects, it expected to post a full-year underlying net loss before tax of A$3-5 million.Read More
Toronto, Ontario - March 29, 2018 - Amarillo Gold Corporation ("Amarillo" or the "Company") (TSX.V:AGC) is pleased to announce that further to its news release dated March 19, 2018, the Company has successfully closed the first tranche of its previously-announced non-brokered private placement (the "Private Placement") through the issuance of 14,183,333 units ("Units") at a subscription price of $...Read More
CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSXV:CUU) (OTC-Pink:CPFXF) is pleased to announce that its unaudited interim consolidated January 31, 2018 financial statements have been filed on SEDAR. All of the Company’s material subsidiaries are wholly owned, except for Carmax Mining Corp. (“Ca...Read More
A Colorado School of Mines professor and graduate student spent more than a month at sea researching the relationship between earthquakes, gas hydrates and underwater landslides off the coast of New Zealand. Brandon Dugan, Baker Hughes Chair and associate professor of geophysics, and Sebastian Cardona, a third-year PhD student studying geology, were among the 30 scientists aboard the Internation...Read More
While only 5-6 rigs at this stage - added to a fleet cut down from 889 at the end of 2016 to 720 units last year - Boart global director of commercial drilling services, Bob Buto said the high-tech machines would help meet the changing needs of users."We will continue to evaluate opportunities where we can help our customers meet their 2018 exploration goals using the latest technology," he said.B...Read More
Measures taken in conjunction with the safeguard case against a number of imported steel products in the EU will have a negative impact on Europe's independent distributors, sources have told Metal Bulletin.The European Commission (EC) launched a safeguard case into 26 carbon and stainless steel products imported into the EU on March 26. The EC claims that the investigation was started to prevent...Read More