(Kitco News) - Gold prices edged down slightly but remained near daily highs after momentum in the service sector beat expectations in August, according to the latest data from the Institute of Supply Management (ISM).The Non-Manufacturing Purchasing Managers' Index rose to a reading of 58.5% in August, up from July’s reading of 55.7%. The increase was a surprise to the markets, which expect...Read More
(Kitco News) - Gold and silver prices are higher in early U.S. trading Thursday. A weaker U.S. dollar index today and some slightly downbeat U.S. economic news are supporting some buying interest in the precious metals markets. Also, there could even be some safe-haven demand at work supporting the metals today, amid new and unflattering revelations about U.S. President Trump. December gold future...Read More
* Trade war fears to cap prices of industrial metals * Aluminium supported by higher raw material costs (Updates with closing prices) By Pratima Desai LONDON, Sept 6 (Reuters) - Copper prices rose on Thursdaydue to funds covering short positions and recent dollarweakness, but significant gains are unlikely due to anescalating trade dispute between the United States and China. Benchmark copper on t...Read More
The latest news and price moves to start the Asian day on Thursday September 6.Copper prices on the London Metal Exchange climbed by 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the United States' dollar index amid continued price dips in the LME's three-month lead and nickel prices. Read more in our live futures report.Here are how prices looked at the c...Read More
The latest news and price moves to start the Asian day on Thursday September 6.Copper prices on the London Metal Exchange climbed by 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the United States' dollar index amid continued price dips in the LME's three-month lead and nickel prices. Read more in our live futures report.Here are how prices looked at the c...Read More
The latest news and price moves to start the Asian day on Thursday September 6.Copper prices on the London Metal Exchange climbed by 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the United States' dollar index amid continued price dips in the LME's three-month lead and nickel prices. Read more in our live futures report.Here are how prices looked at the c...Read More
Copper prices on the London Metal Exchange were up by approximately 1% at the close of trading on Thursday September 6, propped up by a raft of fresh buying and a softer dollar index, while a downswing in aluminium prices came amid escalating US-Sino trade tensions. With more than 100,000 tonnes booked for removal since August 20, total on-warrant copper inventory remains at its lowest level since...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
The molybdenum markets in Europe moved up in the middle of the week that began on Monday September 3, with values being pushed up by increased prices for ferro-molybdenum and signs of stronger deals in Asia, sources told Metal Bulletin this week.But suppliers remained wary about committing to business before consumer businesses were fully staffed again after the summer holiday period, which will p...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
The aluminium market in the United States remains structurally short in spite of a series of recently introduced trade policies designed to benefit domestic producers, according to a senior executive at Vedanta.These policies make imports more costly for consumers and also make further retaliatory trade actions possible, Jean-Baptiste Lucas said.Lucas, the company's chief sales and marketing offic...Read More
Norsk Hydro's Alunorte alumina refinery in the northern Brazilian state of Par?? has signed two agreements with local authorities, representing a significant step toward the facility resuming full production, the Norwegian aluminium producer said on Thursday September 6.The deals, signed on Wednesday between Alunorte, Brazilian federal and state prosecutors as well as the Par?? state government an...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
Cobalt metal prices stabilized during the second half of August after inquiries resumed when market participants returned from the summer break, while sulfate prices continued to slide. Price moves: Aggressive summer selling continued into August and pushed Metal Bulletin's low-grade cobalt price down to an eight-month low. But a resumption of buying interest sent out a signal that the blue m...Read More
Turkish steel producers were in negotiations to buy deep-sea scrap shipments on Thursday September 6 but went through the day without making any bookings.Over the course of Wednesday, mills in the country had booked six deep-sea cargoes totalling 160,000 tonnes, and they have continued to negotiate for more material, Metal Bulletin was told."There are offers in the market at around $320 per tonne...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
Comex copper prices continued to demonstrate that Tuesday's sell-off was not a new trend on Thursday September 6 morning in the US, with the base metals group benefiting from a weaker dollar and solid US data.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange rose 3.70 cents, or 1.4%, to $2.6470 per lb.Following the Labor Day weekend, copper prices tumb...Read More
Three-month base metals prices on the London Metal Exchange were on divergent paths this morning, Thursday September 6, after a mixed performance on Wednesday.Zinc led on the upside with a 0.9% rebound, while nickel remained under pressure with a 0.5% fall. Lead was up by 0.3% while the rest were little changed, with copper prices at $5,883 per tonne. Volume across the complex has been above avera...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More