Domestic prices for cold-rolled coil (CRC) in the EU have been largely unchanged over the past week, although import prices have inched upward, sources told Metal Bulletin on Wednesday February 28."The market is more or less quiet, because buyers have booked their required volumes. Non-EU suppliers have increased their offers so imports are not having any negative effect on prices," a German trade...Read More

SHANGHAI, Feb 28 (SMM) – Nonferrous metals futures saw mixed trading on Wednesday February 28 with SHFE lead leading the loss with a 1.5% drop. SHFE copper was down by 1.4%, zinc slid over 1%, while nickel edged down. Aluminium and tin inched up.In the ferrous market, rebar and hot-rolled coil were up slightly while coking coal was down over 1%. Coke and iron ore edged down.Copper: The SHFE...Read More

SHANGHAI, Feb 28 (SMM) – Nonferrous metals futures saw mixed trading on Wednesday February 28 with SHFE lead leading the loss with a 1.5% drop. SHFE copper was down by 1.4%, zinc slid over 1%, while nickel edged down. Aluminium and tin inched up.In the ferrous market, rebar and hot-rolled coil were up slightly while coking coal was down over 1%. Coke and iron ore edged down.Copper: The SHFE...Read More

Domestic prices for hot-rolled coil (HRC) in the EU have been largely stable over the past week, with buyers holding back from new deals after booking sufficient volumes earlier, sources have told Metal Bulletin."Second-quarter production coil is well sold, so buyers are in no hurry to make new deals until a new trend in the market becomes clear," a German trader said.In the meantime, prices are u...Read More

SHANGHAI, Feb 28 (SMM) – Nonferrous metals futures saw mixed trading on Wednesday February 28 with SHFE lead leading the loss with a 1.5% drop. SHFE copper was down by 1.4%, zinc slid over 1%, while nickel edged down. Aluminium and tin inched up.In the ferrous market, rebar and hot-rolled coil were up slightly while coking coal was down over 1%. Coke and iron ore edged down.Copper: The SHFE...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 point in pre-opening trade.Index futures were virtually unchanged following release of the second estimate for real U.S. fourth quarter GDP growth. Consensus was a slip to 2.5% from the first estimate at 2.6%. Actual was growth at a 2.5% rate.The Canadian Dollar was virtually unchanged following release of the Federal...Read More

SHANGHAI, Feb 28 (SMM) -Copper: A stronger US dollar drove LME copper lower towards the 60-day moving average, but prices are likely to rise in the medium term as downstream consumption recovers and Chinese scrap imports decline. We see LME copper to trade at $7,000-7,070/mt and the SHFE 1804 contract at 52,500-53,100 yuan/mt today. Spot discounts are seen getting smaller as sellers held up.A...Read More

After almost 2 years of poor earnings performance going into the 2016 elections, the S&P 500 Index earnings per share (EPS) has grown strongly in each of the last 5 reporting periods ending March 1st, 2018. The current reports indicate that nearly 75% of companies beat both earnings and sales estimates, the highest quarter of surprises since this metric was first tracked by FactSet in 2008. Th...Read More

SHANGHAI, Feb 28 (SMM) -Copper: A stronger US dollar drove LME copper lower towards the 60-day moving average, but prices are likely to rise in the medium term as downstream consumption recovers and Chinese scrap imports decline. We see LME copper to trade at $7,000-7,070/mt and the SHFE 1804 contract at 52,500-53,100 yuan/mt today. Spot discounts are seen getting smaller as sellers held up.A...Read More

SHANGHAI, Feb 28 (SMM) -Copper: A stronger US dollar drove LME copper lower towards the 60-day moving average, but prices are likely to rise in the medium term as downstream consumption recovers and Chinese scrap imports decline. We see LME copper to trade at $7,000-7,070/mt and the SHFE 1804 contract at 52,500-53,100 yuan/mt today. Spot discounts are seen getting smaller as sellers held up.A...Read More

The latest metal markets news and price moves to start the North American day on Wednesday February 28. Lead prices on the London Metal Exchange recorded the biggest drop during morning trading following a large stock delivery into LME warehouses. Some 12,375 tonnes were delivered into LME-listed warehouses in Antwerp - taking on-warrant stock levels to 20,250 tonnes. This is the largest lead infl...Read More

The Money Bubble is inflating at different speeds in different places. But apparently no culture is immune:Continue...Read More

Published on: Feb 28, 2018 | by Meagan EvansLithium Australia NL (ASX:LIT) has advanced its acquisition of Brisbane battery cathode developer, the Very Small Particle Company Ltd (VSPC), with LIT and major VSPC shareholders executing a binding Share Sale and Purchase Agreement.Brisbane-based unlisted public company, VSPC, has researched and developed some of the world's most innovative and respect...Read More

Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Wednesday February 28.Base metals traded on the Shanghai Futures Exchange were down across the board during Asian morning trading on Wednesday, with a firmer dollar and disappointing Chinese macro-economic data denting sentiment for the complex.Check Metal Bulletin's live futures report he...Read More

A Colorado School of Mines professor has been awarded the 2018 Western Social Science Association Distinguished Book Award.Jessica Smith, associate professor of engineering, design and society and co-director of the humanitarian engineering program, received the honor for her book, "Mining Coal and Undermining Gender: Rhythms of Work and Family in the American West."She will be honored during the...Read More

Comex copper prices softened in the US morning on Wednesday February 28, with a stronger dollar and lower-than-expected Chinese data weighing on the base metals complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 3.10 cents or 1% to $3.1555 per lb. Earlier, the contract touched $3.1525, the lowest since February 13. Earlier this morning, China's manufa...Read More

Iron ore prices slid below $79 per tonne cfr China on Wednesday February 28 amid sluggish demand for the steelmaking raw material in the seaborne market. Metal Bulletin's 62% Fe Iron Ore Index Today: $78.61 per tonne cfr Qingdao Daily change: down by $0.54 per tonne Month-to-date average: $77.35 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61.62 per tonne cfr...Read More

Hui has broken to the downside from the consolidation triangle so decline to 120HERERead More

Seaborne coking coal prices rose on Wednesday February 28, with Chinese buyers flagging limited offers of such materials and an unclear outlook for domestic supply as factors generating buying interest. A cargo of premium products was offered at $237 per tonne fob Australia on Global Coal. A bid of $229 per tonne fob was made for the cargo. Tier-two cargoes were heard offered on both cfr China and...Read More

Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More