* Graphic: FX rates in 2017 http://tmsnrt.rs/2egbfVh* Europe stocks flat, world shares set for 4th month of gains* Trump flags big infrastructure spend before Tuesday speech* Oil futures firm, gold retreats from 3-1/2-month highBy Marc JonesLONDON, Feb 28 (Reuters) - World stocks hovered just off all-time highs and were on course for a fourth straight month of gains on Tuesday, as investors awaite...Read More
* Graphic: FX rates in 2017 http://tmsnrt.rs/2egbfVh* Europe stocks up, world shares set for 4th month of gains* Trump flags big infrastructure spend before Tuesday speech* Oil futures firm, gold retreats from 3-1/2-month highBy Marc JonesLONDON, Feb 28 (Reuters) - World stocks hovered just off all-time highs and were on course for a fourth straight month of gains on Tuesday, as investors awaited...Read More
Description As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth. This Copper Short Term Outlook report provides a detailed breakdown of...Read More
SHANGHAI, Feb 28 (SMM) – Nonferrous metals futures saw mixed trading on Wednesday February 28 with SHFE lead leading the loss with a 1.5% drop. SHFE copper was down by 1.4%, zinc slid over 1%, while nickel edged down. Aluminium and tin inched up.In the ferrous market, rebar and hot-rolled coil were up slightly while coking coal was down over 1%. Coke and iron ore edged down.Copper: The SHFE...Read More
SHANGHAI, Feb 28 (SMM) -Copper: A stronger US dollar drove LME copper lower towards the 60-day moving average, but prices are likely to rise in the medium term as downstream consumption recovers and Chinese scrap imports decline. We see LME copper to trade at $7,000-7,070/mt and the SHFE 1804 contract at 52,500-53,100 yuan/mt today. Spot discounts are seen getting smaller as sellers held up.A...Read More
In New York on Monday copper for delivery in May was trading slightly for the better at $2.6980 per pound or $5,940 a tonne after conflicting reports about talks between BHP Billiton and workers at its Escondida mine in Chile.Two weeks ago copper jumped to its highest level since late May 2015 after Escondida workers first went on strike and is showing year-to-date gains of 7%.In a television...Read More
Cupric Canyon Capital, a private equity firm backed by the ex-Natural Resource Investments unit of Barclays and managed by former executives of Freeport McMoran, said Monday it now has $50 million to bring its Botswana copper-silver project into production.Khoemacau is expected to initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increa...Read More
Investing.com - Gold prices were little changed near a three-and-a-half-month high during European morning hours on Monday, as market players looked ahead to U.S. President Donald Trump's address to Congress on Tuesday for further details on his promises of tax reform, deregulation and infrastructure spending.Investors also looked ahead to a speech by Federal Reserve Chair Janet Yellen on Friday f...Read More
SHANGHAI, Feb 27 (SMM) - Copper: We see SHFE copper gaining support at 53,000 yuan/mt in the short term as recovery of downstream consumption is set to boost copper prices. We expect LME copper to trade at $7,080-7,150/mt and the SHFE 1804 contract to trade at 53,190-53,700 yuan/mt today.Aluminium: With pressure from short bets, we expect LME aluminium to continue to test the 60-day...Read More
Investing.com - Gold prices hit three-and-a-half month highs on Friday as hopes for rapid tax reforms under the Trump administration faded, bolstering demand for the precious metal.Gold for April delivery settled up 0.53% at $1,258.05 on the Comex division of the New York Mercantile Exchange, having touched its highest since November 11 at $1,258.8 earlier.Gold finished the week with gains of 1.56...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
SHANGHAI, Feb 26 (SMM) – China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned. Efforts put into transportation and water conservancy by local governments are set to spur growth in commodities consumption, especially of steel and cement, according to Jiang Xingchun, director of Soochow Futures Study. He add...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ? China releases data on its import and export of copper in January 2018 (Unit: mt): Read More
SHANGHAI, Feb 26 (SMM) - Copper: Copper is set to remain firm in the medium term as a rebound in downstream consumption provides support to the physical market and as imports of copper scrap face restrictions. We expect LME copper to trade at $7,080-7,150/mt and SHFE copper to trade at 53,000-53,600 yuan/mt today. In the physical market, smaller spot discounts are seen at...Read More
SHANGHAI, February 26 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018 (unit: mt):Read More
After coming unnervingly close to triple digits at the end of 2015, the price of gold ended a three-year losing streak last year. So far in 2017, gold has gained 9.5% in value, trading at more than $1,250 an ounce on Friday.MINING.com's sister company IntelligenceMine looked at costs at 140 primary gold mines and found 10 operations that would still make money even if gold halves in value from tod...Read More
Shares in US Lithium (OTCMKTS:LITH) went ballistic Friday after the exploration firm announced it had acquired a copper, nickel, cobalt project in Canada's Saskatchewan.Demand for lithium and cobalt has increased significantly in the past two years thanks to the growing production of electric and hybrid cars that use them in their batteries and other components.The Gochagar Lake project, until now...Read More