Base Metal Stock Articles

Tech Talk for Friday August 25th 2023

25/08/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT.Investors are waiting for a statement on FOMC interest rate expectations to be presented today by Federal Reserve Chairman Powell at the Jackson Hole symposium.Affirm added $0.97 to $14.80 after reporting higher than consensus fiscal first quarter results. The company also raised guidance for t...Read More

METALS-Copper retreats on strong dollar, disquiet about global growth

Aug 24 2023 6:48AM / Reuters

(Updates prices) By Eric Onstad LONDON, Aug 24 (Reuters) - Copper prices pulled back onThursday after five sessions of gains, as unease surroundinghigh interest rates curbing global growth offset optimism aboutan uptick of demand in top metals consumer China. Three-month copper on the London Metal Exchange (LME) slipped 1.1% to $8,360 a metric ton by 1600 GMT aftertouching its highest since Aug....Read More

Tech Talk for Thursday August 24th 2023

24/08/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDTU.S. equity indices were unchanged following release of the July Durable Goods Orders report at 8:30 AM EDT. Consensus was a drop of 4.0% from June versus a gain of 4.7% in June. Actual was a drop of 5.2%.Focus today and tomorrow is on news from the Jackson Hole symposium. Primary topic is on th...Read More

Tech Talk for Wednesday August 23rd 2023

23/08/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDTThe Canadian Dollar was unchanged at US73.60 cents following release of Canada's June Retail Sales at 8:30 AM EDT. Consensus was unchanged from May. Actual was an increase of 0.1%.Toll Brothers gained $0.66 to $76.70 after reporting higher than consensus fiscal third quarter earnings. The company...Read More

METALS-Copper extends gains on firmer Chinese demand

Aug 22 2023 7:20AM / Reuters

(Updates prices) By Julian Luk LONDON, Aug 22 (Reuters) - Copper prices rose on Tuesdayfor a fourth session, building on gains last week, buoyed byfirm consumption data in China and more Chinese monetary supportmeasures. Three-month copper on the London Metal Exchange(LME) was up 1% at $8,360 per metric ton at 1618 GMT."There is a short term uptick in the sentiment today," saidDan Smith...Read More

Tech Talk for Tuesday August 22nd 2023

22/08/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:30 AM EDT.Zoom gained $2.48 to $69.75 after reporting higher than consensus second quarter earnings. The company also raised guidance.Kenvue, a recent spin off from Pfizer, added $0.15 to $23.05 on news that the stock will replace Advanced Auto Parts in the S&P 500 Index.Charles Schwab slipped $0.06...Read More

METALS-Copper climbs on news China state banks act to stabilise yuan

Aug 21 2023 2:18AM / Reuters

(Updates prices) By Julian Luk LONDON, Aug 21 (Reuters) - Copper prices climbed onMonday after Reuters reported that China's state banks acted tostabilise a sliding offshore yuan, traders said, butdisappointment with China's latest package of measures to boosteconomic growth capped gains. Three-month copper on the London Metal Exchange(LME) was up 0.5% at $8,280 per metric ton at 1611 GMT afterth...Read More

Tech Talk for Monday August 21st 2023

21/08/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. Palo Alto gained $25.34 to $235.02 after reporting higher than consensus quarterly results. Hecla Mining dropped $0.14 to $4.44 following a mine shaft collapse at its Lucky Friday mine in Idaho.XPeng advanced $0.78 to $15.76 after Bank of America upgraded the stock from Hold to Buy. ...Read More

Tech Talk for Friday August 18th 2023

18/08/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points at 8:30 AM EDT.Applied Materials gained $2.41 to $140.00 after reporting higher than consensus fiscal third quarter results. The company also offered positive fourth quarter guidance. Ross Stores added $6.13 to 119.19 after reporting higher than consensus second quarter results. The company also offered posi...Read More

Tech Talk for Thursday August 17th 2023

17/08/2023 / Staff reporter

Equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:35 AM EDTIndex futures were unchanged following release of the August Philly Fed Index at 8:30 AM EDT. Consensus was a further drop to -13.5 from -10.0 in July. Actual was an increase of 12.0.Walmart added $2.61 to $161.87 after reporting higher than consensus second quarter earnings.Cisco gained $1.56 to $54...Read More

METALS-Copper hovers above seven-week low, zinc slumps after inventory jump

Aug 16 2023 6:53AM / Reuters

(Updates prices) By Eric Onstad LONDON, Aug 16 (Reuters) - Copper prices held aboveseven-week lows on Wednesday as arbitrage buying offered supportwhile zinc dropped to its weakest in two months after a surge ininventories. Three-month copper on the London Metal Exchange(LME) was down 0.3% at $8,174.45 per tonne by 1630 GMT, bouncingafter re-testing the seven-week low of $8,148.50 touched in thep...Read More

Tech Talk for Wednesday August 16th 2023

16/08/2023 / Staff reporter

Equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:35 AM EDT.Index futures were unchanged following release of the July U.S. Housing Starts report at 8:30 AM EDT. Consensus was an increase of 1.450 million units versus 1.414 million units in June. Actual was 1.452 million unitsH&R Block gained $1.85 to $37.20 after reporting higher than consensus fiscal fo...Read More

METALS-Copper hits six-week low as industrial metals fall on weak China data

Aug 15 2023 7:50AM / Reuters

(Updates prices as of 1618 GMT) By Polina Devitt LONDON, Aug 15 (Reuters) - Prices for copper and otherbase metals fell in London on Tuesday, as the outlook for demandfrom top consumer China worsened after data showed slowingindustrial output growth and falling property investment. Benchmark copper on the London Metal Exchange (LME)was down 1.2% at $8,191.5 a metric ton at 1618 GMT aftertouching...Read More

Tech Talk for Tuesday August 15th 2023

15/08/2023 / Staff reporter

Equity index futures were lower this morning. S&P 500 futures were down 30 points at 8:35 AM EDT.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT:Consensus for the August Empire State Manufacturing Survey was a drop of 0.75 versus a gain of 1.10 in July. Actual was a drop of 19.0. Consensus for U.S. July Retail Sales was an increase of 0.4% versus a gain...Read More

Tech Talk for Monday August 14th 2023

14/08/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.US Steel gained $0.22 to $22.72 after the company confirmed receipt of multiple unsolicited proposals to acquire some or all of the company.Amgen gained $0.96 to $263.47 after Mizuho raised its target price from $214 to $223.Tesla dropped $4.95 to $237.70 after reducing the price of its a...Read More

Tech Talk for Friday August 11th 2023

11/08/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:35 AM EDT.S&P 500 futures dropped 6 points following release of the July Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.1% in June. Actual was an increase of 0.3%. On a year-over-year basis consensus was an increase of 0.7% versus a gain of 0.1% in June. Ac...Read More

Tech Talk for Thursday August 10th 2023

10/08/2023 / Staff reporter

Equity index futures were higher this morning. S&P 500 futures added 25 points at 8:35 AMIndex futures were unchanged following release of U.S. July Consumer Price Index at 8:30 AM EDT. Consensus was an increase 0.2% versus a gain of 0.2% in June. Actual was an increase of 0.2%. On a year-over-year basis, consensus was expected to increase 3.1% versus a gain of 3.0% in June. Actual was an incr...Read More

Tech Talk for Wednesday August 9th 2023

09/08/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. IAC dropped $5.98 to $61.10 after reporting lower than consensus second quarter revenues. ZipRecruiter fell $2.13 to $15.26 after lowering third quarter revenue guidance.Toast gained $2.56 to $22.78 after reporting higher than consensus second quarter revenues. Wal-Mart added $0.29 to $16...Read More

Tech Talk for Tuesday August 8th 2023

08/08/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 33 points at 8:35 AM EDT. Index futures were unchanged following release of the U.S. June Trade Balance at 8:30 AM EDT. Consensus was a deficit of $65.70 billion versus a deficit of $69.00 billion in May. Actual was a deficit of $65.5 billionPalantir added $0.26 to $18.25 after offering positive revenue guidance. The...Read More

CORRECTED-Atlantic Lithium says it is confident of getting mining lease in Ghana (Aug 7)

Aug 7 2023 11:54AM / Reuters

(In Aug 7 story, corrects to 2021 from 2011 in third paragraphand removes incorrect paragraph on Piedmont's supply to Teslarelying partly on Atlantic's Ghana operations) Aug 7 (Reuters) - Atlantic Lithium said onMonday the Africa-focused company was confident of getting alease for a lithium mine in Ghana following the approval of agreen minerals policy by the country's government. The company sai...Read More

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