NEW DELHI, Jan 30 (Reuters) - India will launch its biggest aero geophysical survey of minerals next month to unearth deep-seated resources such as gold and copper, as it seeks to develop its mining industry and reduce its dependence on imports.The survey will cover more than 200,000 square kilometres across seven states from Rajasthan in the west to the southeastern state of Andhra Pradesh, India...Read More
* Financial shares lead Europe lower after fall in Asia* Wall Street signalled to open lower* Dollar dips vs yen, euro down on inflation undershoot* German inflation hits 3 1/2-year high but misses forcast* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Jan 30 (Reuters) - Shares fell in Europe and Asia on Monday and the dollar dipped against the safe-haven yen a...Read More
Investing.com - Gold prices were higher in European morning trade on Monday, starting the week off with gains as the dollar slumped after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration's policies on trade and the economy.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose $2.35, o...Read More
SHANGHAI, Jan 30 (SMM) – Nonferrous metals fell for the most part on Tuesday January 30 except for a small rise in SHFE tin. SHFE aluminium led the loss by a 1.5% decline, while copper and lead dropped close to 1%.The ferrous market saw mixed trading with iron ore and coking coal up slightly. Coke was down over 1%, as rebar slid 0.6% and hot-rolled coil slipped 0.5%.Copper: We expect copper...Read More
SHANGHAI, Jan 30 (SMM) –Copper: The latest Commitments of Traders report published by the Commodity Futures Trading Commission (CFTC) showed that investors have reduced their long positions following a price drop earlier last week. We see pressure for copper futures prices as Chinese consumptions dwindle ahead of Chinese New Year. The LME contract is expected to trade at $7,070-7,120/mt toda...Read More
Journalists Look Awkward in the ‘Opposition Party’ ... The opening days of Donald Trump's presidency are forcing the traditional news media to choose between squarely reporting on the president and more directly challenging him when he makes statements that are demonstrably false. The strategic choice between a watchdog mission and an active opposition must be made mindfully. Otherwise...Read More
Journalists Look Awkward in the ‘Opposition Party’ ... The opening days of Donald Trump's presidency are forcing the traditional news media to choose between squarely reporting on the president and more directly challenging him when he makes statements that are demonstrably false. The strategic choice between a watchdog mission and an active opposition must be made mindfully. Otherwise...Read More
Last week Economist Harry Dent joined Alex Jones on Infowars to give his latest take on the economic outlook for the Trump presidency. Harry explains why he believes President Trump may not be able to stop the economic collapse ahead and how we may have been pushed beyond saving.Be sure to check out The Alex Jones Channel for more: https://www.youtube.com/user/TheAlexJ...Read More
Story developed using data from Mining Intelligence. Learn more and schedule a demo.Have you ever wondered which mines are blasting, shovelling and hauling the most expensive ore? While the world's highest-value minerals are well known - this list includes precious metals and gemstones - it is more practical for mining industry stakeholders to estimate the value of minerals by looking through...Read More
SHANGHAI, Jan 29 (SMM) – Nonferrous metals futures remained strong on Monday January 29 as SHFE zinc led the gains with over 3% rise. While SHFE tin and nickel were up some 2%, lead rose 1.5%. Aluminium, however, edged down slightly in the afternoon.The ferrous complex was weaker with coking coal down almost 2%. Both iron ore and coke were down some 1% while hot-rolled coil edged up.Copper:...Read More
SHANGHAI, Jan 29 (SMM) – SMM’s assessment of imported copper concentrate treatment charges (TCs) stood at $74-86/mt as of Friday January 26, down $1/mt from a week ago.We expect spot TCs to remain stable at the $80/mt level ahead of Chinese New Year with sluggish trading activity as smelters have mostly finished their restocking.The malfunction of Pasar and Birla smelters saw some long...Read More
SHANGHAI, Jan 29 (SMM) - Copper: The physical market has been sluggish with the approaching Chinese New Year dragging copper prices. However, a weak US dollar would prevent them from dropping dramatically. We expect the SHFE 1803 contract to trade at 53,000-53,500 yuan/mt today and the LME copper at $7,060-7,110/mt. Spot discounts are seen stable at 160-100 yuan/mt.Aluminium: We see LME alumi...Read More