SHANGHAI, Apr 10 (SMM)? 1/4 ?Nonferrous metals closed higher across the board on Tuesday April 10 except for SHFE lead. Nickel rose close to 2%, copper gained over 1% and aluminium inched up close to 1%. Zinc and tin edged higher.The ferrous complex also climbed, except for coking coal. Iron ore increased over 2%, hot-rolled coil gained 1.8%, rebar rose over 1% and coke edged up.Copper: As shorts...Read More

SHANGHAI, Apr 10 (SMM)? 1/4 ?Nonferrous metals closed higher across the board on Tuesday April 10 except for SHFE lead. Nickel rose close to 2%, copper gained over 1% and aluminium inched up close to 1%. Zinc and tin edged higher.The ferrous complex also climbed, except for coking coal. Iron ore increased over 2%, hot-rolled coil gained 1.8%, rebar rose over 1% and coke edged up.Copper: As shorts...Read More

SHANGHAI, Apr 10 (SMM)? 1/4 ?Nonferrous metals closed higher across the board on Tuesday April 10 except for SHFE lead. Nickel rose close to 2%, copper gained over 1% and aluminium inched up close to 1%. Zinc and tin edged higher.The ferrous complex also climbed, except for coking coal. Iron ore increased over 2%, hot-rolled coil gained 1.8%, rebar rose over 1% and coke edged up.Copper: As shorts...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. Index futures are responding to news that China is willing to negotiate on trade. U.S. equity index futures were virtually unchanged following release of the March Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.1% versus a gain of 0.2% in February. Actual was an incr...Read More

RAPAPORT... Lucapa Diamond Company has raised $12.7 million (AUD 16.5million) to proceed with an aggressive drilling and exploration program at itsBrooking project in Western Australia. The funding - which came from a major new investor, as well as current shareholders - will go toward carrying outmore exploration at the lamproiteresource, the company said Monday. The asset has already produced 11...Read More

China has requested consultations with the United States at the World Trade Organization (WTO) regarding tariffs on China-origin steel and aluminium goods, the WTO said on Tuesday April 10.China made the request after the US government imposed a 25% import duty on certain steel products and a 10% import duty on aluminium products from March 23, with further possible adjustments to additional impor...Read More

Global markets rallied strongly after Chinese President Xi Jinping appears to have taken the first step in backing away from a trade war with the U.S., promising to cut tariffs on auto imports and other products. In a widely anticipated speech at the Boao Forum for Asia, dubbed as the "Asian Davos," Xi used the event as an opportunity to reiterate China's plans to open up its economy, ease import...Read More

Aluminium LME aluminium has rebounded remarkably over the past...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...Read More

SHANGHAI, Apr 10 (SMM) – Social inventories of zinc in Shanghai, Guangdong and Tianjin fell from 220,800 mt on Monday April 2 and stood at 212,900 mt as of Monday April 9, SMM data showed.Social inventories in Guangdong and Tianjin grew, while those in Shanghai shrank as maintenance works at smelters lowered output and as downstream consumption picked up.After a four-week consecuti...Read More

SHANGHAI, Apr 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar edged down 0.3% to 89.83 overnigh as euro climbed up. Most base metals rose. SHFE nickel rose close to 2%, aluminium increased over 1%, copper gained 0.7%, and zinc and tin inched up. SHFE and LME lead edged down. LME zinc dropped close to 1%, while coppe...Read More

SHANGHAI, Apr 10 (SMM) – Norilsk nickel in the Shanghai market was offered at a premium of 500 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on the morning of Tuesday April 10.Jinchuan nickel was offered at a premium of 1,000 yuan/mt and Jinchuan nickel plate was offered at 101,000 yuan/mt, SMM learned. As nickel supplies remained stable, traders sold activel...Read More

China has requested consultations with the United States at the World Trade Organization (WTO) regarding tariffs on China-origin steel and aluminium goods, the WTO said on Tuesday April 10.China made the request after the US government imposed a 25% import duty on certain steel products and a 10% import duty on aluminium products from March 23, with further possible adjustments to additional impor...Read More

Stable start to Q2 for prices 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...Read More

SHANGHAI, Apr 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar edged down 0.3% to 89.83 overnigh as euro climbed up. Most base metals rose. SHFE nickel rose close to 2%, aluminium increased over 1%, copper gained 0.7%, and zinc and tin inched up. SHFE and LME lead edged down. LME zinc dropped close to 1%, while coppe...Read More

SHANGHAI, Apr 10 (SMM) –Copper: With upward room and firm support, LME copper broke the 20-day moving average while SHFE copper traded rangebound between the five- and 20- day moving averages. We see upbeat momentum in copper prices in the mid and long term but see pressure in the short term given high global inventories. We expect LME copper to trade at $6,800-6,850/mt today...Read More

SHANGHAI, Apr 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar edged down 0.3% to 89.83 overnigh as euro climbed up. Most base metals rose. SHFE nickel rose close to 2%, aluminium increased over 1%, copper gained 0.7%, and zinc and tin inched up. SHFE and LME lead edged down. LME zinc dropped close to 1%, while coppe...Read More

Adem Tumerkan April 10, 2018 Category: Research Mexican Gold Corp (CVE:MEX, FRA:4QW1, Mkt Cap: C$12M) began 2018 with a 3,000-metre resource expansion and drilling program – which is still ongoing.They are also doing a field exploration program – this includes mapping, trenching and sampling at high-potential targets. The first set of assays (this means testing of drilled ore to dete...Read More

Martin Vydra will retire from Canada-based nickel and cobalt producer Sherritt International at the end of April, Metal Bulletin understands. Vydra, who is senior vice-president, commercial & technologies, has held a wide range of senior roles at Sherritt during the 31 years he has spent...Read More

Lead market looking balanced as...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 a...Read More

SHANGHAI, Apr 10 (SMM) –Copper: With upward room and firm support, LME copper broke the 20-day moving average while SHFE copper traded rangebound between the five- and 20- day moving averages. We see upbeat momentum in copper prices in the mid and long term but see pressure in the short term given high global inventories. We expect LME copper to trade at $6,800-6,850/mt today...Read More