Base Metal Stocks Articles

Global DRI production up 1.5% in August, Worldsteel says

September 25, 2018 / Viral Shah

Global output of direct-reduced iron (DRI) increased by only 1.46% year-on-year in August 2018, according to statistics published this week by the World Steel Association (Worldsteel)....Read More

Metals dip while China takes advantage of higher prices

25 September 2018 / Staff reporter

With Chinese participants returning from holiday, they have taken to selling into the recent metal price gains, with the three-month base metals prices on the London Metal Exchange for the most part weaker during morning trading on Tuesday September 25. Nickel bucked the general weakness with a 0.3% gain and tin was untraded, while the rest of the LME base metals were down by an average of 0.6%. C...Read More

DAILY SCRAP REPORT: Turkish mills continue October bookings despite low sales

September 25, 2018 / Cem Turken

Turkish steel mills continued their purchases of deep-sea scrap on Tuesday September 25 with prices remaining largely stable....Read More

IRON ORE DAILY: Seaborne market sees limited activity ahead of Chinese holiday

September 25, 2018 / Deepali Sharma

Seaborne iron ore prices saw little trading activity on Tuesday September 25, despite Chinese participants returning from the Mid-Autumn Festival break. ...Read More

Tech Talk for Tuesday September 25th 2018

25/09/2018 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Michael Kors (KORS $66.71) is expected to open lower after the company confirmed plans to purchase Gianni Versace for $2.1 billion. The company also announced plans to change its name to Capri Holdings.Facebook (FB $166.41) is expected to open lower after two key employees, the former foun...Read More

COKING COAL DAILY: Seaborne prices slide

September 25, 2018 / Deepali Sharma

Seaborne coking coal prices dropped on Tuesday September 25, with Chinese end users saying that there was no reason to lend support to prices after the increases earlier this month. ...Read More

China AM: Ferrous futures mostly down; coking coal bucks the trend

September 25, 2018 / Paul Lim

China's ferrous futures were mostly down during morning trading on Tuesday September 25, with the steel, iron ore and coke contracts falling while coking coal contracts rose....Read More

SHFE vs LME physical arbitrage 25/09: Copper, aluminium, zinc, nickel

September 25, 2018 / Susan Zou

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday September 25*...Read More

LIVE FUTURES REPORT 25/09: LME base metals dip on US-China trade rift; zinc supported despite 2% drop

September 25, 2018 / Hassan Butt

The prices of base metals on the London Metal Exchange were lower across the board during morning trading on Tuesday September 25, with the recent exchange of trade tariffs between the United States and China continuing to stagger market activity....Read More

METALS MORNING VIEW 25/09: Metals dip while China takes advantage of higher prices

September 25, 2018 / William Adams

With Chinese participants returning from holiday, they have taken to selling into the recent metal price gains, with the three-month base metals prices on the London Metal Exchange for the most part weaker during morning trading on Tuesday September 25.Nickel bucked the general weakness with a 0.3% gain and tin was untraded, while the rest of the LME base metals were down by an average of 0.6%. Co...Read More

PEOPLE MOVES: Copper book co-head Larouche leaves trader Transamine

September 25, 2018 / Archie Hunter

Copper trader Pascal Larouche has left Geneva-based merchant Transamine, where he was jointly responsible for the copper trading book, sources with knowledge of the matter told Metal Bulletin this week....Read More

PEOPLE MOVES: Copper book co-head Larouche leaves trader Transamine

September 25, 2018 / Archie Hunter

Copper trader Pascal Larouche has left Geneva-based merchant Transamine, where he was jointly responsible for the copper trading book, sources with knowledge of the matter told Metal Bulletin this week....Read More

Listen to What's Said, It's as Important as What They Do

Sep 24 2018 6:42PM / Kitco Commentary

Tomorrow the Federal Reserve will meet for this month's FOMC meeting, which will conclude on Wednesday afternoon. The Federal Reserve conducts the Federal Open Market Committee meeting eight times a year, with only November and December remaining after this month. It is widely anticipated that the Fed will announce and implement another interest rate hike which will be announced in their monetary...Read More

Barrick-Randgold Merger Good Sign For Gold Market - Analysts

Sep 24 2018 1:38PM / Kitco News

Photo by Piotr Swat/Shutterstock.com  (Kitco News) - The biggest merger in the gold sector in recent years, creating the world’s largest gold company could bring some optimism back to the precious metals market, according to some analysts.In premarket news Monday, Barrick Gold Corp. (NYSE, TSX: ABX) announced that it would acquire Randgold Resources Ltd. in a merger valued at $6...Read More

Gold Sees Modest Gains From Weaker Stock Markets and Sliding Greenback

Sep 24 2018 1:24PM / Kitco News

(Kitco News) - Gold prices were modestly up and down from the daily high in early-afternoon U.S. trading Monday. The safe-haven metal saw mild benefit from a bit of risk aversion seen in the marketplace as well as a weaker U.S. dollar today. December gold futures were last up $3.50 an ounce at $1,204.70. December Comex silver was last down $0.009 at $14.35 an ounce. The gold market extended early...Read More

Are The Bears Losing Their Grip On Gold Prices? - Analysts Ask

Sep 24 2018 12:08PM / Kitco News

(Kitco News) - Gold continues to hold critical support around $1,200 an ounce as speculative bearish bets remain at historic highs, according to the latest trade data from the Commodity Futures Trading Commission (CFTC).The CFTC's disaggregated Commitments of Traders report, for the week ending Sept. 18, showed money managers dropped their speculative gross long positions in Comex gold futures by...Read More

Iamgold: Rosebel Reserves Rise By 51%

Sep 24 2018 9:23AM / Kitco News

Iamgold Corp. (TSX: IMG; NYSE: IAG) reports a 51% increase in consolidated gold reserves at its Rosebel Gold Mine in Suriname, with the tally including reserves from the Saramacca deposit, located approximately 25 kilometers from the Rosebel mill. The additional reserves extend Rosebel’s mine life by five years to 2033, with future average annual production estimated at 318,000 ounces, Iamgo...Read More

Barrick Gold, Shandong Announce Investment Agreement

Sep 24 2018 8:50AM / Kitco News

(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) has entered into a mutual investment agreement with Shandong Gold Group Co., Ltd. to further strengthen ties between the two companies after the two firms announced a strategic cooperation agreement this summer, officials reported Monday.Under the latest announcement, Shandong Gold will purchase up to $300 million of Barrick shares, and Barrick wi...Read More

Barrick To Acquire Randgold To Create $18.3 Billion Company

Sep 24 2018 8:03AM / Kitco News

Editor's Note: Updates earlier story to add comments from analysts, more details.(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) will acquire Randgold Resources Ltd. (Nasdaq: GOLD) in an all-stock merger that will create the largest gold-mining company in the world, the companies announced on Monday.John L. Thornton, executive chairman of Barrick, said there are no premiums in the merger. Randg...Read More

UPDATE 5-Canada's Barrick Gold to buy Randgold for $6.5 bln

Sep 24 2018 2:51AM / Reuters

* Shares in Randgold, Barrick jump* Deal valued at $18.3 bln excluding debt * Shares in new company to be listed in New York, Toronto * GRAPHIC-Randgold, Barrick shrs vs gold: (Adds quote from Barrick shareholder; updates Barrick shareprice) By Zandi Shabalala, Justin George Varghese and Clara DeninaLONDON, Sept 24 (Reuters) - Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in...Read More

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