SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More
Global stainless output rose revised 5.8% in...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...Read More
Some flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand in the UAE was strong, sources told Metal Bulletin on Tuesday March 20. Some flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand in the UAE was strong, sources told Metal Bulletin on Tuesday March 20. UAE Hot-rolled coil was being offered to the UAE at $6...Read More
SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More
SYDNEY (Reuters) - Glencore is buying Rio Tinto’s Hail Creek coal mine and the Valeria coal project in Australia for $1.7 billion, tightening the Swiss trading and mining giant’s grip on coal as its rivals exit the industry.The acquisition, announced by both companies on Tuesday, follows Glencore’s purchase of half of Rio Tinto’s Hunter Valley coal operations, also in Austr...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
The latest news and price moves to start the Asian day on Wednesday March 21.Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018 low. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices tumbled to the lowest level since mid-December after investors moved to t...Read More
Intense selling pressure Tin came under...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
(Reuters) - British privacy regulators are seeking a warrant to search the offices of the political consultancy Cambridge Analytica late Monday following reports that the company may have improperly gained access to data on 50 million Facebook users, according to a Channel 4 television report.The move came as U.S. and European lawmakers demanded an explanation of how the consulting firm, which wor...Read More
BUENOS AIRES (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday that U.S. tariff actions are “not about protectionism” but about defending American interests against unfair trade practices.Mnuchin told a news conference at the end of a trade-dominated meeting of G20 finance ministers and central bank governors here that President Donald Trump was not afraid of a trade w...Read More
Prices stabilize as volatility continues LME...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 20. Base metals prices on the London Metal Exchange were mostly lower again during morning trading on Tuesday March 20, with nickel the sole metal in positive territory.The three-month nickel price recovered $70 this morning to recoup some of Monday's...Read More
When it comes to Social Security, there are several points that I have made very consistently over the last decade (beyond the fact that the program itself is in poor financial condition)...Point #1. The system is very complicated with thousands of rules, regulations, and possible forks in the road.Point #2. Understanding all your filing options can make a huge difference in how much money you end...Read More
JOHANNESBURG (Reuters) - Mark Kingon was appointed acting head of South Africa’s tax office on Tuesday, hours after President Cyril Ramaphosa suspended his predecessor and days before a Moody’s review that could see the country lose its last investment-grade credit rating.The move was seen as a signal of intent to ratings agencies and investors that had lost faith in Africa’s mos...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Tuesday March 20.Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Tuesday amid a risk-off tone in financial markets ahead of the United States Federal Open Market Committee's monetary policy meeting on Wednesday.Check Metal Bulletin's liv...Read More
TOKYO (Reuters) - The Bank of Japan’s two new deputy governors pledged on Tuesday to meet the central bank’s 2 percent inflation target as soon as possible, but both showed signs of willing to be flexible on monetary policy.Masazumi Wakatabe, an academic known as vocal advocate of aggressive monetary stimulus, said it is possible that he will update his knowledge and decisions on polic...Read More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
A virtual reality app that encourages people with neck injuries to do muscular exercises, an automated parking lot assistant to help find that elusive parking spot on campus and an inventory tracking system built around a Wii Fit balance board - those are just a handful of the ideas dreamed up and prototyped by Colorado School of Mines students in recent months. And they did it all in a matter of...Read More
LONDON (Reuters) - Global equities trod water on Tuesday ahead of a U.S. Federal Reserve policy meeting, while investors reassessed their views of tech stocks following a slump in Facebook’s shares after reports of data misuse.The MSCI world equity index .MIWD00000PUS, which tracks shares in 47 countries, was flat in percentage terms by 0901 GMT, while the pan-European STOXX 600 equity index...Read More