SHANGHAI, Mar 14 (SMM) – Nonferrous and ferrous metals in the Shanghai market rebounded across the board and remained firm on the morning of Wednesday March 14 as data on China's economy in January and February were released, SMM found. The National Bureau of Statistics (NBS) released the report on China's economy for the first two months in 2018.Vice president of Zhongda Future...Read More
SHANGHAI, Mar 14 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightFollowing the departure of US Secretary of State Rex Tillerson from the White House, the US dollar index touched a five-day low of 89.58 and then hovered around 89.6, while most base metals climbed up. SHFE aluminium and tin edged down slightly. LME zinc led with a rise of...Read More
SHANGHAI, Mar 14 (SMM) –Copper: LME copper inched up and hit a high of $6,959/mt last night. SHFE copper also rose and touched a high of 52,140 yuan/mt overnight. The strong US Consumer Price Index (CPI) and a weak US dollar are likely to support prices. We see SHFE copper trading at 51,000-54,000 yuan/mt. In the physical market, spot prices are likely to trade at a premium of 20-80 yua...Read More
Palisade Research March 14, 2017 Category: Research Triumph Gold Corp. (CVE:TIG, FRA:8N61, OTCMKTS:NFRGF)Current Price: C$0.38Shares Outstanding: 59.7 millionMarket Capitalization: C$22.7 million52-Week Range: C$0.07 - C$0.50Cash: ~C$6.3 million Original Write-Up Here Will Triumph Gold be the next Kaminak? No. We believe it will be much larger. As stated in our original write-up, Triumph's flagshi...Read More
Anglo American today published its 16th annual Sustainability Report, entitled Delivering Change, Building Resilience, Working in Partnership'. Published alongside Anglo American's Annual Report, both reports set out our commitment to delivering real and sustainable value for all stakeholders, aligned with our vision of being partners in the future.To access the 2016 Sustainability Report and Annu...Read More
Copper prices climbed Monday, helped mainly by ongoing supply disruptions at two massive mines in Chile and Indonesia, intensified by an indefinite strike that broke Friday at Freeport-McMoRan's (NYSE:FCX) Cerro Verde mine in Peru the country's largest.Three-month copper was last 1.1% on the London Metal Exchange to $5,794 a tonne, after it had lost 3.1% last week, the most since December, due par...Read More
MICROMINE has implemented its leading fleet management and mine control solution, Pitram, at the Oyu Tolgoi copper-gold mine in the South Gobi region of Mongolia.Owned by Turquoise Hill, Rio Tinto and the Government of Mongolia, Oyu Tolgoi recommenced its underground development in 2016.The implementation of Pitram includes standard voice deployment to equipment, configured to collect data relatin...Read More
Greenland may soon start building the world's fifth-largest uranium mine and second-biggest rare earths operation, which could fuel independence dreams in the island, an "autonomous administrative division" within Denmark since 2009.The proposed open pit mine in the southern town of Kvanefjeld is expected to process over 100 million tonnes of ore in the coming decades, helping Greenland to dive...Read More
Investing.com - Gold prices were higher during European morning hours on Monday, starting the week off with gains as investors turned their attention to elections in Europe, while preparing for a potential rate hike by the Federal Reserve this week.Comex gold futures rose $8.15, or around 0.7%, to $1,209.55 a troy ounce by 4:10AM ET (08:10GMT).It settled lower for the ninth session in a row on Fri...Read More
(Adds company news items, futures)March 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,349 on Monday, according to financial bookmakers, with futures FFIc1 up 0.1 percent ahead of the cash market open.* COMPUTACENTER: British IT services provider Computacenter CCC.L said its full-year adjusted revenue rose 6.3 percent, helped by positive currency impact. HSBC: HS...Read More
March 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,349 on Monday, according to financial bookmakers.* HSBC: HSBC Holdings Plc HSBA.L , Europe's biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group 1299.HK boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017. LLOYDS: Lloyds Banking...Read More
SHANGHAI, Mar 13 (SMM) – Nonferrous metals saw mixed trading today as aluminium led losses with a drop of nearly 2%. SHFE lead fell over 1%, while copper and tin edged down. Zinc and nickel inched up.The ferrous complex fell across the board as coking coal led the slump with a drop of more than 3%. Coke fell over 2%. Rebar, iron ore, and hot-rolled coil edged down.Copper: The SHFE 1805 contr...Read More
SHANGHAI, Mar 13 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell to 89.91 following the weak performance of monthly average hourly earnings in the US for February.Base metals edged down from highs across the board. LME aluminium dropped over 1% to a three-month low as China’s winter production limitati...Read More
SHANGHAI, Mar 13 (SMM) –Copper: LME copper edged down as prices of crude oil weakened. SHFE copper tested the 52,000 yuan/mt level. We expect copper prices to trade rangebound. In the physical market, spot prices are seen rangebound at a discount of 30 yuan/mt to a premium of 20 yuan/mt today. Aluminium: As SHFE aluminium remains weak, LME aluminum is expected to test the $2,100/mt leve...Read More
Investing.com - Gold prices settled lower for the ninth session in a row on Friday, after strong U.S. employment data reinforced expectations of a Federal Reserve interest rate hike next week.Comex gold futures declined $1.80, or about 0.2%, to settle at $1,201.40 a troy ounce by close of trade Friday. It fell to $1,194.50 earlier, the lowest since January 31.For the week, prices of the yellow met...Read More
SHANGHAI, Mar 12 (SMM) – Nonferrous metals mostly gained today, as SHFE nickel led the increases with a rise of 3%. SHFE copper rose close to 1%. Zinc, tin, and lead inched up. Aluminium dropped over 1%.The ferrous complex continue to fall across the board as coke and coking coal led the slump and closed 4% lower. Iron ore dropped nearly 3%, rebar slipped almost 1%, and hot-rolled...Read More
SHANGHAI, Mar 12 (SMM) – Spot copper in the Shanghai market traded at a discount of 40 yuan/mt to a premium of 20 yuan/mt today. The afternoon saw more active trading of lower-grade copper as downstream consumers restocked. Prices stood at a discount of 140-120 yuan/mt.At noon, higher-grade copper traded at 51,520-51,620 yuan/mt, SMM learned. For editorial queries, please cont...Read More
SHANGHAI, Mar 12 (SMM) – China's industry for new energy cars is likely to see faster growth, supported by new targets in the 2018 government work report, said chairman of the Beijing Automobile Group, Xu Heyi.The report highlighted that promoting new energy vehicles is part of China's drive to become a globally competitive manufacturing nation.A power network for...Read More