SHANGHAI, Jan 5 (SMM)? 1/4 ?Copper: LME copper prices remained rather firm with a support at the 10-day moving average. It is possible that prices would resume the upward movement and we expect the contract to trade at $7,160-7,210/mt today. The SHFE 1803 copper, on the other hand, is forecast to trade at 54,600-55,100 yuan/mt today while we see decent physical restocking demand.Aluminium: LME alu...Read More
SHANGHAI, Jan 5 (SMM)? 1/4 ? Nonferrous metals for the most part moved higher today except a slight drop in copper. Zinc rallied in the afternoon with 1% rise at closure while lead and aluminium were up some 0.6%. Both nickel and tin edged up.Ferrous metals were softer with a mixed result. Coking coal and coke were up slightly, while hot-rolled coil dropped 0.67%. Rebar and iron ore also slipped.C...Read More
No Russian attempt to hack Vermont power grid found … Burlington Electric Department now says code associated with Russian hackers wasn’t on its employee’s laptop. Someone browses the internet on his work laptop. The laptop connects to a potentially malicious IP address. Nothing happens. -CNetOn Friday evening, there was a report that a Russian hacker had penetrated the US elect...Read More
No Russian attempt to hack Vermont power grid found … Burlington Electric Department now says code associated with Russian hackers wasn’t on its employee’s laptop. Someone browses the internet on his work laptop. The laptop connects to a potentially malicious IP address. Nothing happens. -CNetOn Friday evening, there was a report that a Russian hacker had penetrated the US elect...Read More
Mobileye NV (MBLY) is trading higher after announcing a fleet of self-driving BMW cars will be launched later this yearTech stocks will be in focus this week, as the Consumer Electronics Show (CES) gets underway. One name that could draw notable interest is self-driving car expert -- and one time Tesla Motors Inc (NASDAQ:TSLA) partner -- Mobileye NV (NYSE:MBLY), which is expected to make a big ann...Read More
(Adds company comments)LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools at a mine and copper processing plant belonging to Konkola Copper Mines (KCM), a unit of Vedanta Resources VED.L , in a dispute over the pace of wage talks, a union official said on Wednesday.The stoppage at the Konkola mine in Chililabombwe in northern Zambia began after a Dec. 31 target for completing talks on a...Read More
Investing.com - Gold prices traded near a three-week peak on Wednesday, as the U.S. dollar slipped from its 14-year-high against a basket of currencies with investors taking profits before the release of minutes from the Federal Reserve's December policy meeting later in the day.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $1.60, or around 0.2%, to...Read More
(Adds futures, company news items)Jan 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.20 percent ahead of the cash market open.* The UK blue chip index ended 0.5 percent higher at 7,177.89 points on Tuesday as the London Stock Exchange reopened after a long weekend. It set a record high of 7,205.45,...Read More
LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools at a mine and copper processing plant belonging to Konkola Copper Mines (KCM), a unit of Vedanta Resources VED.L , in a dispute over the pace of wage talks, a union official said on Wednesday."The day shift workers have not entered the plant, they are protesting the slow pace of salary negotiations," National Union of Mine and Allied Wo...Read More
SHANGHAI, Jan 4 (SMM)? 1/4 ? Nonferrous metals rallied this afternoon and for the most part finished higher at closure. Lead led the gains with 1% rise while copper and zinc went up slightly. Aluminium slipped, however.The ferrous market saw coke outshine others with 3% jump. Coking coal rose 0.7% and iron ore also edged up. On the other hand, rebar dropped 0.68% and hot-rolled coil slipped 0.56%....Read More
SHANGHAI, Jan 4 (SMM)? 1/4 ?Copper: LME copper was under pressure to move towards the 10-day moving average and it is expected to trade at $7,130-7,180/mt today. The main contract SHFE copper is to trade at 54,500-55,500 yuan/mt. In the spot market, the discounts are likely to be narrowed to 90-50 yuan/mt today.Nickel: Nickel futures saw downward correction pressure as Chinese domestic stainless s...Read More
A group of Australian researchers is suggesting that the aspect and condition of tree leaves and soil, as well as the presence of termites, should be considered key indicators of the presence of gold deposits in a certain area.After analyzing hundreds of samples of sediments, soil and acacia leaves from a gold mine near Kalgoorlie, Western Australia, the team led by Ravi Anand, from the Australia...Read More
Investing.com - Gold prices ticked higher in the first trading session of 2017 on Tuesday, but gains were limited as the prospect of rising U.S. interest rates this year kept sentiment bearish.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $2.00, or around 0.2%, to $1,153.75 a troy ounce by 3:50AM ET (08:50GMT).The U.S. dollar rose on Tuesday, crawli...Read More
SHANGHAI, Jan 3 (SMM)? 1/4 ? Nonferrous metals mostly moved lower today although lead was up 1.6%.The ferrous complex saw mixed trading with coking coal leading the gain with 2% rise and coke edging up. Rebar, hot-rolled coil and iron ore all dropped close to 1%.Copper: LME Copper dropped today and is expected to test support at the 10-day moving average. The US ISM manufacturing index in December...Read More
SHANGHAI, Jan 3 (SMM)? 1/4 ?Copper: LME copper prices continued to see corrections as longs took profits. We expect LME copper to trade at $7,170-7,280/mt today and SHFE copper at 54,800-55,400 yuan/mt. Spot copper discounts are to narrow to 150-90 yuan/mt following lower futures prices.Aluminium: Weaker momentum is seen for LME aluminium to trade higher and it is expected to hover in the range of...Read More
North Korea’s Kim Jong Un says preparations for long-range missile at final stage ... A state-run Chinese newspaper accused Donald Trump of “pandering to ‘irresponsible’ attitudes” Tuesday after the president-elect alleged that Beijing had failed to rein in North Korea’s nuclear program. -NBCNTrump may be going at the issue of North Korea and nuclear weapons t...Read More
North Korea’s Kim Jong Un says preparations for long-range missile at final stage ... A state-run Chinese newspaper accused Donald Trump of “pandering to ‘irresponsible’ attitudes” Tuesday after the president-elect alleged that Beijing had failed to rein in North Korea’s nuclear program. -NBCNTrump may be going at the issue of North Korea and nuclear weapons t...Read More