ZINC COMMODITY TIPSZinc Commodity Tips – Zinc Buy Call cd3 given at price 175.40 Achieved 1st Target 176.50. CMP 177.50. Total profit of 1.9 Points per lotTIPS ID cd3 : Mcx Zinc Tips - Buy Zinc at CMP 175.40 for Target 176.50 - 178 with SL below price 174.20 Read More
(Kitco News) - Platinum prices are sharply higher on a day when the world’s second-largest producer announced plans to cut supply, and analysts say this may be just the catalyst the market needs to avoid falling any further through the recent lows.Most analysts have characterized the platinum market as being in a surplus this year, particularly as consumption of the metal is dinged by less d...Read More
Today Zinc Mcx – Zinc Buy Call cd3 given at price 175.40 CMP 176.20. Total 0.8 Points per lot for Low risk taker at CMPTIPS ID cd3 :Mcx Zinc Tips - Buy Zinc at CMP 175.40 for Target 176.50 - 178 with SL below price 174.20 Read More
Mcx Zinc Tips – Buy Zinc at CMP 175.40 for Target 176.50 – 178 with SL below price 174.20 Read More
Nickel Intraday – Buy Nickel at CMP 919 for Target 929 – 935 with SL below price 909 Read More
Mcx Zinc Positional Call – Buy Mcx Zinc at CMP 175.40 Add more at price 173.20 with SL 171.50 for Target 178.50 – 180.50. Hold Upto Results Read More
Exchange operator CME Group reports that metals volume averaged 642,000 contracts per day in July, which was up 17% from the same month a year ago. Gold futures and options average daily volume rose 16% year-on-year to 397,000 contracts, while the same for copper increased 56% to 137,000. The three-month average was 661,000 metals contracts for the period ending with July. This was down...Read More
Coeur Mining, Inc. (NYSE: CDE) says it has agreed to acquire all shares in Northern Empire Resources Corp. (TSXV: NM) that Coeur does not already own. The all-stock deal was valued at $90 million and represents a premium to Northern Empire’s 20-day trailing volume-weighted average share price. Northern Empire’s principal asset is the Sterling gold project located in Nevada. Coeur says...Read More
Wednesday the Fed did its imitation of the Three Blind Mice and stayed the course of clueless policy. Officials expressed concerns over trade, which is not an issue, and several other things which allowed them to keep rates where they are. Gold's reaction was to continue lower and show no signs that it will ever rally again. Of course, we all know that gold will find a level to bounce from; the on...Read More
(Kitco News) - Gold demand in the first half of the year dropped to its lowest level in 9 years while the global market declined 4% in the second quarter, according to the latest report from the World Gold Council.Thursday, in its latest quarterly Gold Demand Trends report, the WGC said that global gold demand dropped to 964.3 tonnes, down from 1,008 tonnes consumed in the second quarter of 2017....Read More
The latest news and price moves to start the Asian day on Thursday August 2. Nickel prices tumbled on the London Metal Exchange on Wednesday August 1, with recent gains unraveling amid a fresh trade rift between the United States and China. Read more in our live futures report.Here are how prices looked at the close of trading: Spot copper concentrate treatment and refining charges (TC/RCs) d...Read More
The latest news and price moves to start the Asian day on Thursday August 2. Nickel prices tumbled on the London Metal Exchange on Wednesday August 1, with recent gains unraveling amid a fresh trade rift between the United States and China. Read more in our live futures report.Here are how prices looked at the close of trading: Spot copper concentrate treatment and refining charges (TC/RCs) d...Read More
Base metals on the London Metal Exchange finished mostly lower at the close of trading on Thursday August 2, pressured by the re-emergence of trade tensions between the United States and China in addition to a seasonal slowdown over the summer period.Falling 2% over the afternoon, nickel prices continue to track lower on macroeconomic factors, while declining stocks, robust demand and a large cont...Read More
Mergers and acquisitions in the metals and mining sector may have slowed overall but battery metals deal activity has begun to accelerate, according to a report by consultancy EY. Deal value for rare earths and lithium assets was up 22% year on year in the first half of 2018, with companies increasingly looking to capitalize on future demand for electric vehicles (EVs), the report noted. "Mining a...Read More
In response to a "harsh business environment", five companies under major Japanese steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group will integrate and reorganize their welded stainless steel pipe and tube businesses, the group announced on Thursday August 2.The change will take place around April 1, 2019, after Nisshin Steel Co., Ltd becomes a wholly-owned subsidiary of NSSMC. Ni...Read More
Mergers and acquisitions in the metals and mining sector may have slowed overall but battery metals deal activity has begun to accelerate, according to a report by consultancy EY. Deal value for rare earths and lithium assets was up 22% year on year in the first half of 2018, with companies increasingly looking to capitalize on future demand for electric vehicles (EVs), the report noted. "Mining a...Read More
Metal Bulletin will launch a weekly Chinese domestic ex-works battery-grade lithium carbonate index on Thursday August 2 to run in parallel to the existing price assessment, following a successful market consultation. Metal Bulletin launched a market consultation in May to migrate its existing price assessment for battery-grade lithium carbonate, ex-works China, to an index. Despite the overw...Read More
The European Commission (EC) is currently investigating German copper giant Aurubis' proposed sale of its rolled-copper product business to its counterpart Wieland-Werke after the latter failed to dismiss competition concerns, the EC said on Wednesday August 1.The EC will conduct an in-depth investigation until December 10 on whether the takeover will reduce competition in the supply of key copper...Read More
Terms for blister copper refining charges (RCs) in China dropped notably month on month in July while declining copper scrap imports gave rise to additional demand for overseas blister copper.Metal Bulletin assessed the monthly blister copper 98-99% spot RC, cif China, at $200-210 per tonne on July 31, with African tonnages reported sold within the range in July. One major blister copper buyer in...Read More
Members of the main union at Chile's Caserones copper mine have voted to reject its final wage offer, operator Minera Lumina Copper Chile (MLCC) said. The vote took place on Tuesday July 31 and a strike will begin on Wednesday August 7 if no agreement is reached during a four-business day compulsory mediation period, the Japanese-owned...Read More