China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More

China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. The Canadian Dollar was quiet at US80.38 cents prior to the Bank of Canada's announcement on its overnight lending rate at 10:00 AM EST. Consensus is that rate will be increased by 0.25% to 1.25%.Frequency in release of fourth quarter reports accelerated. Companies that reported since yes...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More

Since Hillary Clinton's defeat, Democrats have been determined to recapture the majority in Congress. Could Trump's low approval ratings and legislative shortcomings clear the path to a Democratic majority in Congress and derail his vision for America?The Contenders: Challenges and OpportunitiesOutlook for the GOPSince the 2014 midterm elections, Republicans have held a majority in both houses, wi...Read More

SHANGHAI, Jan 17 (SMM) – The LME nickel price is forecast to remain above $12,000/mt before mid-March and the SHFE nickel is set to remain over 93,000 yuan/mt, SMM believes.This is because we see little growth in the supply of primary nickel, which includes refined nickel, nickel pig iron (NPI) and other nickel smelting products, despite an increase in Indonesian nickel ore exports...Read More

Huge key reversal yesterday by U.S. equity market! The Dow Jones Industrial Average initially surged to over 26,000, but weakened through most of the day to close at a small loss. The VIX Index spiked.Technical action by S&P 500 stocks was relatively quiet given their volatility. Three stocks broke intermediate resistance (PDCO, UNH, ADP) and four stocks broke intermediate support (MAC, VNO, S...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More

The following is a summary of our recent interview with John Kosar of Asbury Research, which can be accessed on our site here or on iTunes here.Source: Asbury ResearchSmart Money Betting Against EnergyAs WTI crude went above $50 last year, Kosar noticed that the Commitments of Traders (COT) data was showing a record net-short position among smart money hedgers in the crude...Read More

Published on: Jan 17, 2018 | by finfeedNorthern Cobalt (ASX:N27) informed the market it has examined historical drilling and rock chip sample results at the Selby Pipe Cluster and identified "Stanton-style" cobalt-copper mineralisation in several structures.The new mineralisation discovered is in addition to N27's further 21 prospects at its Running Creek Pipe Cluster, which includes the Stanton C...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More

Base metals prices on the London Metal Exchange were mostly lower for the second day in a row at the close on Wednesday January 17, while metals continue to retreat from earlier highs. Copper prices continue to fall, dropping a further $44 per tonne from Tuesday's close price, coming under pressure from profit-taking and concerns of Chinese demand."Copper pulls back to a 3.5-week low after strong...Read More

January 17, 2018 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce a summary of the comprehensive 2017 exploration program on the Orion Project, located within the Rackla Gold Property, Yukon. The Orion Project comprises the central portion of ATAC's Rackla Gold Property and is subject to a $55 million earn-in agreement with Barrick Gold Corporation ("Barrick") (see...Read More

Trading activity for seaborne hard coking coal picked up this week, with Chinese market participants flagging interest for low-ash, low-sulfur materials. Tier-two cargoes were heard to have changed hands at around $182-185 per tonne fob Australia this week, market participants told Metal Bulletin on Wednesday January 17. "The pick-up in the trading of second-tier materials is along expected lines...Read More

Three Colorado School of Mines community members received Martin Luther King Jr. Recognition Awards at a luncheon on January 17.Louisa Duley, assistant director of admissions; Kristine Callan, physics teaching professor; and Olivia Cordova, a senior electrical engineering student, each received a recognition award for their appreciation for diversity and understanding its value on campus.Recipient...Read More

Prices for physical iron ore retreated further on Wednesday January 17 amid concerns of a weakening Chinese steel market, and along with them, margins.Key driversPrices for both seaborne iron ore and port materials declined, tracking the general downtrend in the paper market for most of the day, though the benchmark contract for iron ore picked up just before the close of the trading session.China...Read More

Ramona Graves, dean of the College of Earth Resource Sciences and Engineering at Colorado School of Mines, has been chosen to receive the inaugural Pinnacle Award from Oil and Gas Investor.The honor, recognizing a person who has had an extraordinary impact on the energy industry, will be celebrated at Oil and Gas Investor's 25 Influential Women In Energy gala luncheon Feb. 6 in Houston."Dr. Graves...Read More