Mcx Copper – BUY Copper Aug at CMP 422.80 for Target 424.80 – 426.80 with SL below price 419.90 Read More
Zinc Trading – SELL Zinc at CMP 177.80 for Target 177 – 176.50 with Small SL Above price 178.65 Read More
(Kitco News) - The gold market remains unchanged on the day, holding on to modest gains, hovering near last week's 12-month low following positive preliminary manufacturing and service-sector sentiment dataThe flash U.S. manufacturing Purchasing Managers Index for July expanded relatively in line with expectations, coming in at 55.4 in comparison to June's revised reading of 55.4, research firm IH...Read More
Holdings of gold by global exchange-traded funds posted their biggest inflow in weeks on Monday, reports Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. Holdings have been declining lately along with the price of gold. However, “the gold ETFs tracked by Bloomberg saw inflows of 5.4 tonnes yesterday - their highest...Read More
Newmont Mining Corp. (NYSE: NEM) is maintaining a quarterly dividend of 14 cents per share. While this is the same as the dividend paid after the first quarter, the company notes that it is 87% higher year-on-year. The dividend will be payable on Sept. 27 to shareholders of record at the close of business on Sept. 13. By Allen Sykora of Kitco News; asykora@kitco.com Roxgold Resources: 2Q Gold...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Gold continues to fall with the occasional bounce, but no one cares. There has been no hand wringing, no panic, just matter-of-fact selling. The gold and silver manipulation stories continue to be around about the big banks shorting metals, trying to drive prices lower. The cryptocurrencies have started to rally and take away some of the alternative monies that usually are reserved for the metals...Read More
The latest news and price moves to start the Asian day on Tuesday July 24.Aluminium prices ended higher on the London Metal Exchange on Monday July 23, bolstered by a fresh cancellation of more than 32,000 tonnes of the metal across Europe. Read more in our live futures report.Here are how prices looked at the close of trading:The London Metal Exchange's nearby aluminium spread swung to a contango...Read More
The latest news and price moves to start the Asian day on Tuesday July 24.Aluminium prices ended higher on the London Metal Exchange on Monday July 23, bolstered by a fresh cancellation of more than 32,000 tonnes of the metal across Europe. Read more in our live futures report.Here are how prices looked at the close of trading:The London Metal Exchange's nearby aluminium spread swung to a contango...Read More
A summary of base metals premiums from across the globe for the week to Tuesday July 24.Read More
Base metals on the London Metal Exchange finished higher on Tuesday July 24, finding support from a weaker dollar index and easing tensions related to the trade spat between the United States and China....Read More
Norilsk Nickel plans to continue its legal action against the government of Botswana after a ruling that it cannot take the case to the London Court of International Arbitration...Read More
Chinese ferro-silicon prices continued to decline in the week to Friday July 20 amid weak demand and production ramp-ups, while European prices staged a slight recovery following a steep fall in the prior week. ...Read More
Suppliers cut seaborne and port prices for low-grade manganese ore in response to aggressive bids from consumers. ...Read More
Noranda Income Fund said its main challenge currently is for its zinc processing facility to continue to operate profitably amid current low treatment charges. The Toronto, Canada-headquartered company said spot TCs averaged roughly $38 per tonne in 2017 and around $20-$25 per tonne in the first half of 2018, noting market tightness due to the closure of several large mines in recent years and str...Read More
A summary of China's copper and aluminium imports figures in June 2018. ...Read More
The timetable for a return to normal operations at Norsk Hydro's Alunorte alumina refinery in Brazil remains "uncertain," chief executive officer Svein Richard Brandtz??g said....Read More
Metal Bulletin has amended its Rotterdam tellurium price specification to make sure the specifications are more closely aligned to existing market conditions. Following a month-long market consultation, the Rotterdam tellurium price has been refined to only include material between 99.9% and 99.99% tellurium.An internal analysis of the pricing information collected and extensive market feedback ha...Read More
Cobalt prices, investment opportunities, subsidies for electric vehicles (EVs) and substitution risk were hot topics at Antaike's Battery Materials Conference in Shaoxing, China last week.Metal Bulletin rounds up some of the key things we learned at the event. It's all about EV subsidy policies China's EV subsidy policy drives the pace and direction of adoption; as of this year, the government's s...Read More
Norilsk Nickel plans to continue its legal action against the government of Botswana after a ruling that it cannot take the case to the London Court of International Arbitration...Read More