Earlier this month, it formally announced its intention to list on AIM and the Johannesburg Stock Exchange by the end of March, and said on Monday it had applied for all ordinary shares in the company to be admitted to trading on AIM on March 29, the same day it is due to list in Johannesburg.Read More

(IDEX Online) - Surat based STPL, which develops diamond industry technology solutions, said it took part in the recent Festival of Innovation organized by India's President's in association with Department of Science & Technology and the National Innovation Foundation-India.   This year's theme was Festival of Innovation and Entrepreneurship (FINE).   FINE is a cele...Read More

SHANGHAI, Mar 26 (SMM)? 1/4 ? China releases data on its import and export of copper in Feruary 2018 (Unit: mt): Read More

The gold price has risen about $20/oz since Thursday when US president Donald Trump signed a presidential memorandum that could impose tariffs on Chinese imports, a plan China "firmly opposes".Gold stocks rose strongly on Friday and in today's trade, with Newmont Mining (US:NEM) finishing up 3.06% in New York on Friday.It was a similar tale in London where Randgold Resources (LN:RRS) closed up 2.9...Read More

South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More

(IDEX Online) - Israel Diamond Exchange CEO Eli Avidar has announced he will be stepping down from the position and intends to become a member of Israel's parliament, the Knesset.   Avidar, aged 53, who also served as the CEO of the Israel Diamond Institute, from which he recently resigned, told the IDE's board of directors that he did not intend to extend his contract with the bour...Read More

SHANGHAI, Mar 26 (SMM) – Spot copper in the Shanghai market was offered at a discount of 200-150 yuan/mt on the morning of Monday March 26, SMM learned. This compared with discounts of 190-130 yuan/mt on the morning of Friday March 23. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.e...Read More

While the US imposing tariffs on approximately US$60 billion of Chinese imports and China reciprocating with plans to enact its own duties on approximately $3 billion worth of US-origin goods could have some impact on the copper market, the investor reaction has been overblown, according to Dane Davis of Barclays Capital.LME three-month copper dropped to below $6,500 per tonne on the back of this...Read More

SHANGHAI, Mar 26 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightGrowing trade tension dragged the US dollar index down to a month-low of 89.496, down 0.4% during the day and 0.8% over the week.Such bearish sentiment also led base metals to fall across the board except for zinc. SHFE copper saw a smaller decline but fell cl...Read More

Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne. Volume has been high with 12,433 lots traded as of 07:18 am London time. In precious metals, gold prices are off by 0.2% at $1,344.89 per oz, while silver and platinum prices are little changed and palladium prices are up b...Read More

South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More

Hallgarten & Company's principal and mining strategist Christopher Ecclestone repeated his 'long' investment rating and a C$0.49 (US$0.38) per share 12-month price target in a note on Monday.Read More

SHANGHAI, Mar 26 (SMM) – Nonferrous metals faced pressure from a potential trade war as SHFE nickel led the loss with a drop of over 3%. Copper fell after losing support at 50,000 yuan/mt and closed 2.5% lower. Aluminium, lead, and tin edged down, while zinc inched up.The ferrous complex remained weak. Coke slid over 3%, rebar lost nearly 3%, hot-rolled coil fell over 2% and iron ore di...Read More

SHANGHAI, Mar 26 (SMM) – Nonferrous metals faced pressure from a potential trade war as SHFE nickel led the loss with a drop of over 3%. Copper fell after losing support at 50,000 yuan/mt and closed 2.5% lower. Aluminium, lead, and tin edged down, while zinc inched up.The ferrous complex remained weak. Coke slid over 3%, rebar lost nearly 3%, hot-rolled coil fell over 2% and iron ore di...Read More

SHANGHAI, Mar 26 (SMM) –Copper: While the market was rattled by the rising trade tension, crude oil saw a big jump in prices, which may give certain support to copper prices. We expect LME copper to trade at $6,620-6,670/mt today with SHFE copper at 49,700-50,200 yuan/mt. In the physical market, spot discounts are seen at 140-220 yuan/mt with thin trading activity as downstream consumers tak...Read More

SHANGHAI, Mar 26 (SMM) – Nonferrous metals faced pressure from a potential trade war as SHFE nickel led the loss with a drop of over 3%. Copper fell after losing support at 50,000 yuan/mt and closed 2.5% lower. Aluminium, lead, and tin edged down, while zinc inched up.The ferrous complex remained weak. Coke slid over 3%, rebar lost nearly 3%, hot-rolled coil fell over 2% and iron ore di...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade. Futures moved higher on news that the U.S. Administration has been negotiating terms for trade with China prior to imposing tariffs.USG jumped $7.04 to $40.55 after Berkshire Hathaway offered its 31% stake in the company to Knauf Entities for $42 per share. Marathon Oil added $7.04 to $4...Read More

The markets rallied strongly over the last year on President Trump's tax reform and now the markets have, more recently, been selling off due to tariffs. As investors are coming to learn, when it comes to the stock market, Trump giveth and Trump taketh away; we've yet to see, however, if this is more bark than bite and all part of Trump's general negotiation strategy as outlined in his book The Ar...Read More

The current crop of tier-one assets - many of which were discovered in the early 20th century and have been operating for several decades - are becoming uneconomic as grades fall, sustaining capital outlays rise and processing costs step up.Read More

SHANGHAI, Mar 26 (SMM) – After it was forecast that Tangshan's air pollution is likely to reach the orange level, the city activated its emergency level ?...? response to heavy air pollution at 20:00 on March 25 until further notice, SMM learned.An orange-level alert is the second-highest in China’s four-level air pollution warning system. An orange-level alert indicates that...Read More