(Kitco News) - Despite gold's recent lackluster performance, Goldman Sachs continues to see prices rising over the next year as demand in China and other emerging-market nations recovers.In a report, Thursday Goldman reiterated its forecast for the precious metal to rise to $1,450 by 2019. The comments come as gold hovers around last week’s 12-month low; August gold futures last traded at $...Read More
ALUMINIUM TRADING TIPSAluminium Trading Tips – Aluminium Buy Call c9c given at price 141.50 Achieved 1st Target 142.20. CMP 142.50. Total profit of 1 Points / Rs 5000 per lotTIPS ID c9c : Aluminium Tips - BUY Aluminium Aug at CMP 141.50 for Target 142.20 - 142.90 with SL below price 140.40 (HOLD IT) Read More
(Kitco News) - Gold is under renewed selling pressure Thursday, trading near session lows as the European Central Bank indicates that it is in no hurry to raise interest rates within the next year. Photo courtesy of the ECB: Mario Draghi, ECB President The gold market continues to feel the effects of a stronger U.S. dollar, particularly against the euro after ECB President Mario Draghi said th...Read More
(New throughout. Adds comments from conference call,partnership for Quebrada Blanca Phase 2, potential future oilsands spin-out) By Susan Taylor TORONTO, July 26 (Reuters) - Teck Resources Ltd boosted its production forecasts for copper, zinc andoil on Thursday as the diversified miner reported market-beatingprofits on the back of higher prices for a range of commodities. Flush with C$2.9 billion...Read More
The latest news and price moves to start the Asian day on Thursday July 26.Nickel and tin led the pack in trading among base metals, with the rest of the complex demonstrating minimal movements on Wednesday July 25. Read more here in our live futures report.Here are how prices looked at the close of trading:Members of the main union at theEscondida copper mine in Chile are holding meetings to coun...Read More
The latest news and price moves to start the Asian day on Thursday July 26.Nickel and tin led the pack in trading among base metals, with the rest of the complex demonstrating minimal movements on Wednesday July 25. Read more here in our live futures report.Here are how prices looked at the close of trading:Members of the main union at theEscondida copper mine in Chile are holding meetings to coun...Read More
Base metals prices on the London Metal Exchange were marginally higher across the board at the close of trading on Thursday July 26, bolstered by easing trade tensions after the United States and European Union agreed to negotiate tariffs on industrial goods. ...Read More
Teck Resources has lowered its forecast for refined lead production at its Trail operations, citing limited concentrate feed availability following disruptions at its suppliers. ...Read More
Comex copper prices were very steady in morning trading on Thursday July 26, with the market processing the latest news on the trade war front....Read More
Teck Resources has lowered its forecast for refined lead production at its Trail operations, citing limited concentrate feed availability following disruptions at its suppliers. ...Read More
Indonesia will have to wait until 2023 to see a share of copper from Grasberg, despite having agreed to pay $3.85 billion to gain a majority stake in the mine. Indonesian state mining and manufacturing firm Inalum is set to complete the purchase of 51% of Grasberg copper mine later this year, buying out Rio Tinto's 40% shareholding and paying current majority holder Freeport for the remainder...Read More
Cobalt Blockchain Inc (COBC) has received final approval for its application for a cobalt and copper export trading license in the Democratic Republic of the Congo (DRC). ...Read More
Turkish deep-sea scrap import prices have remained largely stable in recent sales and no recovery was expected any time soon, sources said on Thursday July 26....Read More
Key data from the Wednesday July 25 pricing session in Shanghai....Read More
Teck Resources has lowered its forecast for refined lead production at its Trail operations, citing limited concentrate feed availability following disruptions at its suppliers. ...Read More
Comex copper prices were very steady in morning trading on Thursday July 26, with the market processing the latest news on the trade war front....Read More
Three-month base metals prices on the London Metal Exchange were mixed on the morning of Thursday July 26, with lead leading on the upside with a 0.7% gain to $2,168 per tonne, while tin was the worst performer with a decline of 0.4% to $19,765 per tonne. Copper was up by 0.2% at $6,316 per tonne - the high earlier this morning being $6,378 per tonne.Volume has, however, been above average - some...Read More
Cobalt market veteran and industry expert Tony Southgate will join London-based Stratton Metals as a senior trader on August 28, Metal Bulletin has learnt....Read More
Hot-rolled flat steel and wire rod production volumes in China were up in June despite production cuts. ...Read More
German metals distributor Kl??ckner expects its 2018 earnings to be supported by higher demand and steel prices in both Europe and the United States, the company's two main markets, it said on July 24....Read More