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
Trade dynamics causing concern in stainless steel...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 late...Read More
Base metals prices on the London Metal Exchange continued to climb at the close of trading on Tuesday April 10, while aluminium volumes surpassed 37,000 lots traded. Aluminium maintained its upward momentum throughout the day, reaching a high of $2,242 per tonne, the highest since January 29. "Supply fears and uncertainty are the factors driving aluminium prices higher, but such an overreaction ma...Read More
April 10, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce drill results from its wholly owned Hudson Bay project located in the Cobalt Camp, Ontario, Canada.Highlights from 9 drill holes:Drill hole HB18-17 intersected 5.00m of 0.23% cobalt, 2.10% copper and 94.96 g/t silver including 2.00m of 0.55% cobalt, 2.38% copper, 193.50 g/t silver or 0.72% C...Read More
Poor start to Q2 LME tin...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
Export prices for hot-rolled (HRC) and cold-rolled (CRC) coil from the Commonwealth of Independent States (CIS) have fallen this week due to the global downward trend in prices, sources have told Metal Bulletin.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $590-600 per tonne fob Black Sea on April 10, down by $10-20 per tonne week-on-week.The China HRC Index fell by almos...Read More
Underlying sentiment remains bullish Zinc 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 lates...Read More
In late February he had given himself a three-month timeframe to complete the charter. Read More
A severe shortage of chromium, along with firm downstream demand, has caused prices of the metal to hit their highest level in almost seven years. Metal Bulletin's weekly price assessment for in-warehouse chromium soared 25% to $13,250-13,995 per tonne on Friday April 6, from $10,500-11,300 per tonne the week before. The price was last seen at $13,000-14,000 per tonne in June 2011. "It is a p...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
The US Treasury made the announcement on Friday and in the days since EN+ (RS:ENPL) and Rusal have been smashed on global stock markets with falls of over 50%.Glencore owns 8.75% of Rusal and has contracts for the "purchase of aluminium and alumina".The Swiss trading and mining firm dropped off around 3.4% in London following the sanctions, but has recovered several points in early Tuesday trading...Read More
Domestic prices for rolled steel products in Russia have been unchanged over the past week after the slowdown of the Easter holiday in the CIS region, sources have told Metal Bulletin.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was unchanged at 37,000-37,500 roubles ($622-630) per tonne cpt Moscow, including VAT, on Tuesday April 10.And the price assessment for Russian....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
Base metals prices on the London Metal Exchange were broadly up on Tuesday April 10, with markets reacting positively to Chinese President Xi Jinping’s pledge to further open up China's economy. Aluminium continues to lead the complex higher, with the light metal up by 0.9% at the time of writing. This after surging 3.8% on Monday in response to the United States’ sanctions against Russi...Read More
The latest metal markets news and price moves for the start of the North American day on Tuesday April 10. Base metals prices on the London Metal Exchange continued to find support during morning trading today, with aluminium continuing its strong momentum following record volumes traded yesterday. Here's how the LME base metals complex looked at 12.56pm London time:Hassan Butt had the details as...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Tuesday April 10.Copper prices on the Shanghai Futures Exchange strengthened during Asian morning trading on Tuesday, after a further cooling in trade tensions between the United States and China led to increased buying interest among investors.Check Metal Bulletin's live futures report her...Read More
One of the most famous passages in American literature occurs in Chapter 13 of Ernest Hemingway's The Sun Also Rises. It takes place in a caf?(C) in Pamplona, Spain during the running of the bulls.Bill Gorton, a friend of the protagonist, Jake Barnes, has just arrived from New York. Bill is in the caf?(C) talking with Mike Campbell, an upper-crust Englishman, now fallen on hard times but keeping u...Read More
Hamish Sampson, a mining analyst with consultancy firm CRU, told the International Mining Exploration Forum that around 220 mines that produced around 40% of the world's copper last year were slated to close for lack of reserves.Read More
It's impossible to read the headlines or view a financial news channel without hearing about the debt crisis.We hear that the U.S. is facing a debt crisis because budget deficits are out of control. We hear that China is facing a debt crisis because of wasted infrastructure investment, bank Ponzi schemes and bad loans to money-losing state-sponsored enterprises.Next we hear that emerging markets a...Read More
On Monday, Codelco said 82% of supervisors in a union at Chuquicamata had agreed to the company's latest offer in collective bargaining.In a translated statement, the company said the majority of professional workers in the union had agreed to the three-year contract, which was "fully in line with the company's austerity guidelines and the organisation's transformation challenges".On Friday, Codel...Read More