SHANGHAI, Jun 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped and closed at 95.3 overnight as the country’s economic growth in the first quarter was slower than previously estimated.During January-March, the US gross domestic product (GDP) grew 2% year on year, slower than the estimated 2.2%. Growth in...Read More
SHANGHAI, Jun 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped and closed at 95.3 overnight as the country’s economic growth in the first quarter was slower than previously estimated.During January-March, the US gross domestic product (GDP) grew 2% year on year, slower than the estimated 2.2%. Growth in...Read More
(Adds European stocks, MSCI ACWI and graphics, updates Chinese shares and levels throughout)* Asian shares hit 9-month lows as trade worries intensify* Chinese shares, yuan hit new lows before stabilizing* U.S. oil prices hit 3 1/2-year high as supply seen disruptedBy Hideyuki Sano and Tomo UetakeTOKYO, June 28 (Reuters) - Asian stocks slumped to nine-month lows on Thursday as investors worried th...Read More
Jun 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of June 27, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- ABC Bearings LtdLOC & BGCRISIL A2100- (Continues on Rating Watch with Positive Implications) Abhitech Energ...Read More
BENGALURU, June 28 (Reuters) - Gold prices inched up on Thursday, but hovered close to an over six-month low hit in the previous session, as the dollar failed to build on overnight gains amid conflicting signals from Washington while the U.S.-China trade row deepened.FUNDAMENTALS* Spot gold XAU= was up 0.1 percent at $1,253.20 an ounce, as of 0127 GMT. In the prior session, it touched $1,250.30, i...Read More
The latest news and price moves to start the Asian day on Friday June 29.Base metals prices on the London Metal Exchange closed mostly in negative territory on Thursday June 28, with only zinc defying the trend. Read more in our live futures report.Here are how prices looked at the close of trading:Worldwide Warehouse Solutions (WWS) is closing down its European operations by the end of...Read More
Non-electric applications powered by nuclear energy offer increased energy efficiency and represent sustainable solutions for a number of energy challenges current and future generations will have to face. There is growing interest in increasing nuclear energy efficiency by using heat and other forms of energy generated by nuclear power plants as a by-product for seawater desalination, hydrogen pr...Read More
Bruce Power and ITG, a subsidiary of radiopharmaceutical technology company ITM Isotopen Technologien M? 1/4 nchen (ITM), have launched a joint effort to explore the production of the medical radioisotope lutetium-177 (Lu-177) at Bruce Power's Candu reactors.ITM's Mark Harfensteller, seated at left, signs the MoU with Bruce's James Scongack, front centre. Also shown are Bruce Power's Pat Dalzell a...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Friday June 29, ending the week on a slightly brighter note despite broad pressure from trade tensions and dollar strength. Continuing to struggle, zinc prices made a brief recovery during the day, moving back above $2,900 per tonne before drifting back toward $2,850 per tonne.The metal's three-month price made...Read More
Zinc concentrate treatment charges (TC) rose to their highest level so far this year at the end of June on a cif Asia Pacific basis, while the head of the Chinese zinc association has called for a 10% cut in national production to support zinc prices and TCs. Metal Bulletin assessed zinc concentrate TCs cif Asia Pacific at $20-$40 per tonne on Friday June 29. That compares with $20-$35 per to...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
China's domestic spot battery-grade lithium hydroxide prices fell further on Thursday June 28 on a negative short-term outlook due to sporadic buying and while carbonate prices were unchanged this week, they were still under pressure with downstream buyers starting to receive lower offers. Lithium hydroxide prices continue to fall on negative sentiment. Lithium carbonate prices still under d...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Zinc concentrate treatment charges (TC) rose to their highest level so far this year at the end of June on a cif Asia Pacific basis, while the head of the Chinese zinc association has called for a 10% cut in national production to support zinc prices and TCs. Metal Bulletin assessed zinc concentrate TCs cif Asia Pacific at $20-$40 per tonne on Friday June 29. That compares with $20-$35 per to...Read More
Copper concentrate treatment and refining charges (TC/RCs) rose sharply in late June, with production disruptions at several Asian smelters give Chinese plants greater buying power.The Metal Bulletin TC/RC index firmed to $79.8 per tonne/7.98 cents per lb from $77/7.7 cents. Terms have risen over 11% in a month from $71.60/7.16 cents at the end of May. "Every time you turn around it's $2.50/0.25 c...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Turkish steel mills skipped Friday June 29, with no deep-sea scrap bookings leaving prices unchanged at the end of the week.Most mills have finished their bookings for July deliveries and are expected to resume scrap buying for August soon, sources said."Turkish mills ended their July bookings and probably...Read More
The UK light iron scrap market was stable in the week to Friday June 29 for the 12th week in a row, confounding expectations for a rise in line with renewed demand in major export market Turkey in general this month, sources said. Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($118-157) per tonne on Friday. This compares with the low...Read More