Recent News

SMM Evening Comments (Jan 26)

January 26, 2018 / news.metal.com

SHANGHAI, Jan 26 (SMM)? 1/4 ?Nonferrous futures retreated today for the most part, except for a 2% rise in nickel prices. SHFE lead and aluminium dropped about 1%. Tin, copper and zinc all edged down slightly.The ferrous complex was mixed with coke registering a small rise. Hot-rolled coil finished flat while iron ore dropped 1.5% and coking coal slipped 0.5%. Rebar also closed lower.Copper: SHFE...Read More

Tech Talk for Friday January 26th 2018

January 26, 2018 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. U.S. equity indices were virtually unchanged following release of U.S. economic news at 8:30 AM EST. Consensus for fourth quarter real GDP was annual growth at 2.9%. Actual was 2.6%. Consensus for December Durable Goods Orders was an increase of 0.8% versus a gain of 1.3% in November. Act...Read More

Stronger US dollar the biggest risk for commodities, says analyst

January 26, 2018 / news.metal.com

SHANGHAI, Jan 26 (SMM) – The likely rebound of US dollar poses the biggest downside risk for commodities in the short term, according to Xu Maili, commodities research director at Guangda Futures.“Funds are currently holding quite a lot of long bets, I think the need to cover their positions once the US dollar becomes stronger would be intense,” Xu said in an interview with SMM.W...Read More

Stronger US dollar the biggest risk for commodities, says analyst

January 26, 2018 / news.metal.com

SHANGHAI, Jan 26 (SMM) – The likely rebound of US dollar poses the biggest downside risk for commodities in the short term, according to Xu Maili, commodities research director at Guangda Futures.“Funds are currently holding quite a lot of long bets, I think the need to cover their positions once the US dollar becomes stronger would be intense,” Xu said in an interview with SMM.W...Read More

Stronger US dollar the biggest risk for commodities, says analyst

January 26, 2018 / news.metal.com

SHANGHAI, Jan 26 (SMM) – The likely rebound of US dollar poses the biggest downside risk for commodities in the short term, according to Xu Maili, commodities research director at Guangda Futures.“Funds are currently holding quite a lot of long bets, I think the need to cover their positions once the US dollar becomes stronger would be intense,” Xu said in an interview with SMM.W...Read More

Records Were Made to Be Broken

January 26, 2018 / www.financialsense.com

First of all, we want to thank our clients for the privilege of managing their assets and we wish all of you a healthy and prosperous 2018!They say records are made to be broken and, so far, the US economy is on track to do just that. The current economic expansion is now the third longest in US history going back to 1854. If it can survive through May 2018, it will be the second longest and, if a...Read More

Nickel ore port inventory continues decline

January 26, 2018 / news.metal.com

SHANGHAI, Jan 26 (SMM)? 1/4 ?China’s nickel ore port inventory continued its decline to 7.62 million wet mt, as at January 26, down 430,000 mt on a weekly basis. This is about 62,300 mt for metal content, down 3,100 mt on a weekly basis.For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please emai...Read More

Gold May See a Big Move This Year, Says Frank Holmes

January 26, 2018 / www.financialsense.com

Listen to this podcast on our site airing Saturday by clicking here or subscribe on iTunes here.Stocks, commodities, and gold are having a good start to the year. However, with a pickup in inflation and the dollar's recent woes, gold may start to take the lead.This time on Financial Sense, we spoke with Frank Holmes from U.S. Global Investors about his take on gold and where he...Read More

Analysis: Low treatment charges bolster zinc prices

January 26, 2018 / news.metal.com

SHANGHAI, Jan 26 (SMM)? 1/4 ?Treatment charges (TC) of zinc concentrate were low in January and is expected to remain low in February due to a shorter supply of zinc ores, according to SMM research.In Inner Mongolia and Shaanxi provinces, TC stood at 3,500 yuan/mt of metal content while it was below 3,500 yuan/mt of metal content in Guangxi and Yunnan.SMM predicts TC will remain low...Read More

FOCUS: Nickel prices 'piggyback' on dollar weakness, but will it last?

January 26, 2018 / www.metalbulletin.com

Nickel prices on the London Metal Exchange have climbed 10% since the start of 2018 - with the dollar the main supporting factor of the rise, the spotlight is being shone on the nickel price's extreme volatility. On Thursday January 25, nickel closed on the LME in positive territory for the sixth consecutive trading day and was trading at a two-and-a-half-year high of $13,915 per tonne. The last t...Read More

LIVE FUTURES REPORT 26/01: LME tin, zinc hit new highs; prices end week on strong footing after dollar's fall

January 26, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange closed the week on divergent paths, with most metals on a strong footing after a week of intense rallies.The three-month tin price hit its highest since November 2016 after it hit a high of $21,895 per tonne - record low stocks and restocking ahead of Lunar New Year (mid-February) have kept tin prices well supported."With barely 1,800 tonnes of LME s...Read More

FOCUS: Nickel prices 'piggyback' on dollar weakness, but will it last?

January 26, 2018 / www.metalbulletin.com

Nickel prices on the London Metal Exchange have climbed 10% since the start of 2018 - with the dollar the main supporting factor of the rise, the spotlight is being shone on the nickel price's extreme volatility. On Thursday January 25, nickel closed on the LME in positive territory for the sixth consecutive trading day and was trading at a two-and-a-half-year high of $13,915 per tonne. The last t...Read More

IRON ORE PRICES: Benchmark index slides to $74 per tonne cfr

January 26, 2018 / www.metalbulletin.com

Iron ore prices retreated on Friday January 26 on China's declining steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $74.40 per tonne cfr QingdaoDaily change: down by $0.64 per tonneMonth-to-date average: $76.21 per tonneMetal Bulletin's 58% Fe Premium Index Today: $61.03 per tonne cfr QingdaoDaily change: down by $0.82 per...Read More

Here's Why Investors Bought $1 Million in Gold During the Jan. 16 Crypto Crash

January 26, 2018 / moneymorning.com

When Bitcoin prices plummeted 23% on Jan. 16, 2018, investors poured back into the best store of value on the planet – gold. Precious metal dealer CoinInvest sold $1.2 million in gold while crypto prices dipped.And we weren't surprised…Look, everyone knows gold is one of the best investments you can make during times of economic uncertainty. It's so valuable because there's only a fini...Read More

LIVE FUTURES REPORT 26/01: LME tin, zinc hit new highs; prices end week on strong footing after dollar's fall

January 26, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange closed the week on divergent paths, with most metals on a strong footing after a week of intense rallies.The three-month tin price hit its highest since November 2016 after it hit a high of $21,895 per tonne - record low stocks and restocking ahead of Lunar New Year (mid-February) have kept tin prices well supported."With barely 1,800 tonnes of LME s...Read More

EUROPE STAINLESS STEEL: Base prices stable ahead of new offers

January 26, 2018 / www.metalbulletin.com

European stainless steel base prices have remained unchanged over the past week, with market participants expecting new mill offers to come in early February, sources told Metal Bulletin on Friday January 26.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,120 ($1,318-1,392) per tonne delivered in Northern Europe."Mills seem to have...Read More

LME copper price shrugs off 100,000-tonne delivery

January 26, 2018 / www.metalbulletin.com

Copper prices remained resilient this week despite deliveries into London Metal Exchange sheds that totaled more than 100,000 tonnes - and do not necessarily reflect changes in supply-demand fundamentals, market participants said. On Tuesday January 23, more than 36,000 tonnes of the red metal hit LME sheds, mainly Busan warehouses; subsequent deliveries moved copper into Singapore, Rotterdam and...Read More

FOCUS: Nickel prices 'piggyback' on dollar weakness, but will it last?

January 26, 2018 / www.metalbulletin.com

Nickel prices on the London Metal Exchange have climbed 10% since the start of 2018 - with the dollar the main supporting factor of the rise, the spotlight is being shone on the nickel price's extreme volatility. On Thursday January 25, nickel closed on the LME in positive territory for the sixth consecutive trading day and was trading at a two-and-a-half-year high of $13,915 per tonne. The last t...Read More

China's 2017 lead conc imports drop 10% amid ban on North Korean imports, physical tightness

January 26, 2018 / www.metalbulletin.com

China imported 1.28 million tonnes of lead concentrates and ores in 2017, down 9.33% from a year ago, according to customs data. Lead concentrate and ores imports in December dropped 28.7% year on year to 83,167 tonnes. A recent study by the research arm of Jiangxi Copper said China was facing a lead concentrates deficit of 210,000 tonnes in 2017. China imported no lead concentrates from North Kor...Read More

North American Palladium Surpasses 2017 Production Estimates and Announces 2018 Guidance and the Fourth Quarter 2017 Release Date

January 26, 2018 / feedproxy.google.com

TSX: PDLwww.napalladium.com Mr. Jim Gallagher reports:TORONTO, Jan. 26, 2018 (GLOBE NEWSWIRE) -- North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) today announced positive production results for the full year and provided guidance as to payable palladium production for fiscal 2018.In 2017, the Company produced a total of 201,592 ounces of payable palladium. This sur...Read More

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