(IDEX Online) - U.S. consumers are expected to spend an average $143.56 on Valentine's Day with 55 percent of the population celebrating this year, an increase from last year's $136.57, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.   Total spending is expected to reach $19.6 billion, up from $18.2 billion last year. The...Read More

RAPAPORT... Alex and Anihas filed a countersuit against Sterling Jewelers, claiming the retailer breached a supply agreement between the two companies, according to court filings.In August 2015, the companies entered into anagreement whereby Sterling would purchase Alex and Ani merchandise to sell insome of its Jared stores. But Sterling, a division of Signet Jewelers, struggled tosell all the goo...Read More

The Turkish deep-sea scrap import market went quiet on Monday February 12, digesting the latest bookings done at the end of last week.Turkish steelmakers were active in the bulk ferrous scrap market over the preceding seven days, booking at least eight bulk ferrous scrap cargoes from suppliers in the United States, the UK and...Read More

RAPAPORT... Lucapa Diamond Company garnered $9.1 million at its January rough sale, achieving an average price of $2,192 per carat.  The miner sold 4,170 carats at the tender, its first of the year, it said in a recent statement. The diamonds are from the company's Lulo alluvial mine in Angola. Additionally, Lucapa has recovered its first stones -including a 6.6-carat diamond - from its Motha...Read More

Tungsten prices climbed higher last week in Europe amid tightening spot supply, while the Chinese market has started to wind down ahead of the week-long national holiday for Chinese New Year. China's tungsten market starts to wind down ahead of Lunar New Year Tightness in tungsten concentrate to continue in the first quarter ahead of China's National People's Congress scheduled for March&nbs...Read More

Comex copper prices bounced back on Monday February 12 morning in the US due to a weaker dollar and the market stabilizing after heavy losses last week.Copper for March settlement on the Comex division of the New York Mercantile Exchange rose 4.15 cents or 1.4% to $3.0750 per lb. On Friday, the contract tumbled to its lowest point since December 14, 2017.Base metals were driven lower last week whi...Read More

SHANGHAI, Feb 12 (SMM) – Only SHFE aluminium resisted a drop among nonferrous metals today with a rise of close to 1%. SHFE tin lost 1.5% while zinc was down over 1%.In the ferrous complex, coking coal and rebar edged up when iron ore was down around 1% and coke was down 0.73%. Hot-rolled coil also slipped.Copper: The SHFE 1804 copper contract was trading below all moving averages as the mar...Read More

The latest metal markets news and price moves to start the North American day on Monday February 12.Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday February 12, with the complex attempting to rebound from last week's choppy trading conditions.Here's how LME base metals prices looked at 11:46am London time:Read...Read More

SHANGHAI, Feb 12 (SMM) – Only SHFE aluminium resisted a drop among nonferrous metals today with a rise of close to 1%. SHFE tin lost 1.5% while zinc was down over 1%.In the ferrous complex, coking coal and rebar edged up when iron ore was down around 1% and coke was down 0.73%. Hot-rolled coil also slipped.Copper: The SHFE 1804 copper contract was trading below all moving averages as the mar...Read More

SHANGHAI, Feb 12 (SMM) – The operating rates at Chinese domestic zinc concentrate mines are expected to drop further in February, leaving smelters more reliant on imported materials.However, SMM expects a slight increase in treatment charges (TCs) in March as domestic output is set to recover from March onwards.China’s zinc concentrate output in January failed to meet expectations as o...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. Cisco added $0.97 to $40.50 after RBC Capital raised its target price to $44 from $40. CAE (CAE $21.94 Cdn) is expected to open higher after RBC Capital upgraded the stock to Outperform from Sector Perform.Restaurant Brands International (QSR $71.09 Cdn) is expected to open higher after...Read More

SHANGHAI, Feb 12 (SMM) – Nickel ore exports from the Philippines and Indonesia are expected to rise in February due to better weather condition in both countries and restocking need at Chinese nickel pig iron (NPI) producers after the country’s week-long new year holiday, SMM believes.We also see Indonesian 1.65% Ni ore to trade at $41.5-45/wmt cifr China this month.In January, nickel...Read More

Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Monday February 12.Base metals prices on the Shanghai Futures Exchange are off to a mixed start this week, with nickel prices leading on the upside with a gain of 1%, while zinc, copper and lead prices are little changed and tin and aluminium prices are down by 0.5% and 0.9% respectively.F...Read More

SHANGHAI, Feb 12 (SMM) – Only SHFE aluminium resisted a drop among nonferrous metals today with a rise of close to 1%. SHFE tin lost 1.5% while zinc was down over 1%.In the ferrous complex, coking coal and rebar edged up when iron ore was down around 1% and coke was down 0.73%. Hot-rolled coil also slipped.Copper: The SHFE 1804 copper contract was trading below all moving averages as the mar...Read More

SHANGHAI, Feb 12 (SMM) –Copper: As investors grew cautious against the backdrop of falling global stock market and sluggish physical demand ahead of Chinese New Year, we see copper prices staying weak in the short term. However, we also see limited downward room with support level at 50,500-51,000 yuan/mt for SHFE copper. LME copper is expected to trade at $6,710-6,780/mt today.Aluminium: Ch...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here.After gaining nearly 38% from the November 2016 election to Trump's State of the Union speech, the amazing stock market boom finally suffered it first test.Just as soon as the S&P 500 logged a new entry in the record books of going 18 months without a 5% correction, another record quickly followed wi...Read More

SHANGHAI, Feb 12 (SMM) – Zinc prices may be under pressure after Chinese New Year as import loss narrows, SMM believes.Operations at most domestic zinc smelters would remain normal during the week-long holiday, leaving inventory to increase continuously. In addition, over 200,000 mt of zinc imports in November and December last year would be entering the market.As the SHFE/LME price ratio co...Read More

SHANGHAI, Feb 12 (SMM) –Copper: As investors grew cautious against the backdrop of falling global stock market and sluggish physical demand ahead of Chinese New Year, we see copper prices staying weak in the short term. However, we also see limited downward room with support level at 50,500-51,000 yuan/mt for SHFE copper. LME copper is expected to trade at $6,710-6,780/mt today.Aluminium: Ch...Read More

Summary:  After gaining more than 7% by late January, US stocks have fallen into a 10% correction. It's the quickest decline of that magnitude from an all-time high in 90 years. While a fall in stocks was not a surprise, the speed and severity certainly were.So what happens next? Prior falls like this have led to quick recoveries. That likelihood is further supported by a washout in breadth,...Read More

Published on: Feb 12, 2018 | by finfeedArcher Exploration Limited (ASX:AXE) has today informed the market of outstanding results from recent metallurgical test work it conducted on drill samples from its Ketchowla Cobalt Manganese Project in South Australia.The positive metallurgical tests, combined with the results from AXE's earlier drilling at the site, both reinforce the potential for the comp...Read More