SHANGHAI, Mar 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded overnight as concerns of a trade war eased. Month-end capital flows and a weakening euro also buoyed the index.Most base metals climbed up but with limited gains due to the rebound in the greenback. SHFE copper inched up, while zinc dipped. LME...Read More

SHANGHAI, Mar 28 (SMM) –Copper: LME copper rose above the five-day moving average overnight for the first time in five to six days. This trend is likely to stabilise, but growing inventories of LME copper will weigh on the prices. We see it trading at $6,620-6,680/mt today. SHFE copper lacks strong support as domestic demand has not fully recovered and as supply of refined cop...Read More

While the proposed process only applies to projects or activities that have potential effects on matters of federal jurisdiction, given the nature of projects, any significant new mine would be subject to this process.Read More

A government shutdown was averted last Friday when President Trump signed a $1.3 trillion, 2,232-page omnibus bill. The deadline was midnight Friday and the bill came out late Wednesday.No one really had the time to go through it, and that's on purpose.The fact that no one really knew what was in it — besides the drafting committees and the lobbyists who crammed it full of pork — speak...Read More

Ashley Bucsek, a mechanical engineering PhD candidate at Colorado School of Mines, has been awarded a President's Postdoctoral Fellowship to continue her research career at the University of Minnesota.The fellowship, originally established in 1984 at the University of California and expanded to multiple partner universities starting in 2011, encourages women and minority PhD recipients to pursue a...Read More

SHANGHAI, Mar 28 (SMM) –Copper: LME copper rose above the five-day moving average overnight for the first time in five to six days. This trend is likely to stabilise, but growing inventories of LME copper will weigh on the prices. We see it trading at $6,620-6,680/mt today. SHFE copper lacks strong support as domestic demand has not fully recovered and as supply of refined cop...Read More

Throughout March, the Brazilian steel market has been questioning the likely impact of the steel import tariffs being imposed by the United States following its Section 232 investigation.Although current conditions point to the exemption of Brazil from the trade measures, mills in the country have been preparing to deal with possible tariffs.According to Brazilian flat steel association Inda, for...Read More

The move comes just a month after one of its investors, Iluka Resources (AU:ILU), decided to write down the value of its investment in the company to zero. Iluka had previously valued its 27.8% stake in the company at A$30 million (US$23 million).The South Yorkshire-headquartered technology company has raised £12 million (US$17 million) to fund "post-processing facilities", feedstock and pro...Read More

Morgan Bazilian, executive director of the Payne Institute for Earth Resources and research professor in public policy at Colorado School of Mines, was recently interviewed by The Washington Post about Shell's Sky scenario, which imagines a future in which the increase to the global average temperature is held "well below" 2 degrees Celsius, the goal set forth in the Paris climate agreement. Fro...Read More

Epiroc has used one of the world's largest heavy haul cargo planes, the Antonov An-124 to deliver two Pit Viper 271 rotary blast-hole rig towers 17,000km from Texas to a client in Newman.The An-124 took off from George Bush Intercontinental Airport in Houston with its two-tower cargo and stopped off in Honolulu, Nadi and Brisbane before touching down at Perth international Airport early on March 2...Read More

Colorado School of Mines was ranked 19th among public colleges in the United States and first among public colleges in Colorado in a 2018 list by Buffalo Business First, a sister publication to the Denver Business Journal.Business First used a 22-part formula to develop their rankings, incorporating data such as admissions selectivity, retention and graduation rates, alumni earnings, tuition and h...Read More

George Sowers, professor of practice in mechanical engineering at Colorado School of Mines, was recently interviewed by the Denver Business Journal about the $642 million in Air Force satellite launch contracts awarded this month to United Launch Alliance and SpaceX. Sowers was vice president and chief scientist at ULA before joining the space resources faculty at Mines.From the story:ULA, an 11-y...Read More

A shortage of crude indium material is pushing prices higher, market participants have told Metal Bulletin.Metal Bulletin assessed the free-market price of indium at $330-360 per kg on an in-warehouse basis on Wednesday March 28, up from $320-350 in the previous assessment last Friday."Our purchase department complains that it is difficult to locate crude indium although they have called nearly al...Read More

The gold miner said in a statement that two employees were fatally injured in a seismic-related fall of ground at the mine on Tuesday.Read More

Base metals prices on the London Metal Exchange ended higher at the close of trading on Wednesday March 28, with only aluminium trading lower. The three-month nickel price was the biggest mover, rising $130 per tonne and recovering back above $13,000 per tonne. The metal is being buoyed by a tight market and low stocks. "Total LME stocks have had very little inflow and edged lower to 322,236 tonne...Read More

Domestic prices for steel beams have moved downward by ?,?5 per tonne across Europe for a second week with trading remaining thin, market sources told Metal Bulletin on Wednesday September 28."There was no enough demand to fill up the mills' rolling schedules so we have seen a lower price," one distributor said."There was a bit of a reduction compared with last month. In February, scrap prices wen...Read More

Domestic prices for mesh-quality wire rod produced and delivered in Europe remained unchanged this week, with market activity expected to rise after the Easter holiday, sources said on Wednesday March 28.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Northern Europe was unchanged on Wednesday at ?,?550-560 ($683-696) per tonne delivered."The recent bad weather has m...Read More

Shortsighted Wall Street strikes again.Since this bull market began 9 years ago, the most reliable investment strategy has been to simply buy the dips.That’s because investors’ attention spans have continually decreased as the bull market has raged on.The market is down big one day on negative news and back higher the next when the market deems the news to be overblown. Which leads to...Read More

The latest metal markets news and price moves to start the North American day on Wednesday March 28. Base metal prices on the London Metal Exchange were lower across the board during morning trading on Wednesday March 28, with copper recording the biggest decline. The three-month copper price was down $28 per tonne after a third straight day of deliveries into LME warehouses. On-warrant copper sto...Read More

Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Wednesday March 28.Base metals traded on the Shanghai Futures Exchange were broadly weaker during Asian morning trading on Wednesday, with lead the only metal to post any gains.Check Metal Bulletin's live futures report here.LME snapshot at 03.02am London timeLatest three-month LME PricesP...Read More