SHANGHAI, Mar 9 (SMM) – Nonferrous metals on the SHFE mostly dropped today except for tin, which inched up slightly. Zinc fell over 2%, copper slid almost 2%, and nickel dipped over 1%, while aluminium and lead edged down slightly.The ferrous complex saw larger drops in the afternoon as iron ore led the slump with a decline more than 5%. Coke dropped 4.7%, rebar slipped nearly 4%, while hot-...Read More

SHANGHAI, Mar 9 (SMM) – Nonferrous metals on the SHFE mostly dropped today except for tin, which inched up slightly. Zinc fell over 2%, copper slid almost 2%, and nickel dipped over 1%, while aluminium and lead edged down slightly.The ferrous complex saw larger drops in the afternoon as iron ore led the slump with a decline more than 5%. Coke dropped 4.7%, rebar slipped nearly 4%, while hot-...Read More

SHANGHAI, Mar 9 (SMM) – Nonferrous metals on the SHFE mostly dropped today except for tin, which inched up slightly. Zinc fell over 2%, copper slid almost 2%, and nickel dipped over 1%, while aluminium and lead edged down slightly.The ferrous complex saw larger drops in the afternoon as iron ore led the slump with a decline more than 5%. Coke dropped 4.7%, rebar slipped nearly 4%, while hot-...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Equity indices moved higher following release of the February Employment Report at 8:30 AM EST. Consensus for February Non-farm Payrolls was 205,000 versus 239,000 in January. Actual was 313,000. Consensus for February Unemployment Rate was a slip to 4.0% from 4.1% in January. Actual was...Read More

Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Friday March 9.Base metals traded on the Shanghai Futures Exchange were broadly weaker during Asian morning trading on Friday, with only aluminium and tin prices moving higher, after US President Donald Trump signed off on his much-anticipated tariffs on steel and aluminum imports into the...Read More

SHANGHAI, Mar 9 (SMM) – China's car sales are expected to be flat in 2018 due to sluggish demand, according to the China Automobile Dealers Association (CADA).Inventory pressure in China's automobile market eased in February, as the vehicle inventory alert (VIA) index came in at 52.3, showed data from CADA.The February VIA index fell 14.9 month on month, but...Read More

The following is a summary of our recent podcast, "ITR's Alan Beaulieu on Second Half Slowdown, 2019 Recession," which can be accessed on our site here or on iTunes here.Since the release of Prosperity in an Age of Decline in 2014, Dr. Alan Beaulieu, president of ITR Economics, has said on our podcast many times that a US recession was unlikely until around the 2019 timeframe a...Read More

SHANGHAI, Mar 9 (SMM) – China's car sales are expected to be flat in 2018 due to sluggish demand, according to the China Automobile Dealers Association (CADA).Inventory pressure in China's automobile market eased in February, as the vehicle inventory alert (VIA) index came in at 52.3, showed data from CADA.The February VIA index fell 14.9 month on month, but...Read More

SHANGHAI, Mar 9 (SMM) – China's car sales are expected to be flat in 2018 due to sluggish demand, according to the China Automobile Dealers Association (CADA).Inventory pressure in China's automobile market eased in February, as the vehicle inventory alert (VIA) index came in at 52.3, showed data from CADA.The February VIA index fell 14.9 month on month, but...Read More

SHANGHAI, Mar 9 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar rebounded above 90 overnight, while base metals saw mixed trading. SHFE copper, zinc, nickel dropped over 1%, lead edged down, while aluminium and tin inched up. LME nickel slid over 2%, copper lost close to 2%, while lead and zinc fell over 1%.China...Read More

SHANGHAI, Mar 9 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar rebounded above 90 overnight, while base metals saw mixed trading. SHFE copper, zinc, nickel dropped over 1%, lead edged down, while aluminium and tin inched up. LME nickel slid over 2%, copper lost close to 2%, while lead and zinc fell over 1%.China...Read More

SHANGHAI, Mar 9 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar rebounded above 90 overnight, while base metals saw mixed trading. SHFE copper, zinc, nickel dropped over 1%, lead edged down, while aluminium and tin inched up. LME nickel slid over 2%, copper lost close to 2%, while lead and zinc fell over 1%.China...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsSwitzerland-based Tiberius Group is making a return to base metals trading under the helm of former TMT Metals head trader Arefe Khosravi, with a focus on refined aluminium, several industry sources have said. Unionized workers at Antofagasta's Los Pelambres mine in Chile have v...Read More

SHANGHAI, Mar 9 (SMM) –Copper: As news of the simmering trade war rattled markets and as global inventories remained at highs from last year, base metals slumped across the board. We expect LME copper to weaken to $6,700/mt in the short term and to trade at $6,790-6,950/mt today. We see SHFE copper trading at 51,300-51,800 yuan/mt. In the physical market, spot discounts a...Read More

SHANGHAI, Mar 9 (SMM) –Copper: As news of the simmering trade war rattled markets and as global inventories remained at highs from last year, base metals slumped across the board. We expect LME copper to weaken to $6,700/mt in the short term and to trade at $6,790-6,950/mt today. We see SHFE copper trading at 51,300-51,800 yuan/mt. In the physical market, spot discounts a...Read More

SHANGHAI, Mar 9 (SMM) –Copper: As news of the simmering trade war rattled markets and as global inventories remained at highs from last year, base metals slumped across the board. We expect LME copper to weaken to $6,700/mt in the short term and to trade at $6,790-6,950/mt today. We see SHFE copper trading at 51,300-51,800 yuan/mt. In the physical market, spot discounts a...Read More

Base metals traded on the London Metal Exchange are for the most part weaker this morning, Friday March 9. The exception is nickel, where prices are up by 0.2%, while the rest are lower: Zinc (-1%), tin (-0.9%), aluminium (-0.5%), lead (-0.3%) and copper prices are off by 0.5% at $6,792 per tonne.Volume has been high with 13,023 lots traded as of 07.10am London time - high volume and weak prices d...Read More

The economy added 313,000 jobs last month, far surpassing economists' expectations, while the unemployment rate stayed the same at 4.1 percent, according to a Labor Department report Friday.Continue...Read More

A team of graduate students from Colorado School of Mines took first place in an international case competition focused on mining and sustainability. The team of Phillip Ruban, Alex Campbell, Emilio Castillo and Marko Visnjic beat out six other teams from around the world to win the Schulich International Case Competition on March 3 at York University in Toronto. The top prize was 10,000 Canadi...Read More

Japan's Kobe Steel will appoint Mitsugu Yamaguchi as president and chief executive officer (CEO) of the company from April 1, the steelmaker, which also produces aluminium and copper products, announced on Friday March 9.Yamaguchi, who is currently executive vice president of the company, will replace current president and CEO, Hiroya Kawasaki, who has decided step down as of April 1. Kawasaki, al...Read More