SHANGHAI, Mar 21 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDriven by bullish sentiment on the US economy and an expected hike in interest rates, the US dollar rebounded to 90. Weak economic data for the eurozone also bolstered the greenback.However, nonferrous metals fell across the board under pressure from the strong dollar. LME...Read More

SHANGHAI, Mar 21 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDriven by bullish sentiment on the US economy and an expected hike in interest rates, the US dollar rebounded to 90. Weak economic data for the eurozone also bolstered the greenback.However, nonferrous metals fell across the board under pressure from the strong dollar. LME...Read More

SHANGHAI, Mar 21 (SMM) –Copper: Copper prices remained under pressure given high inventories and worries of a potential trade war. We expect LME copper to fall to the $6,700/mt level in the short term but with upward momentum in the mid and long term. We see it trading at $6,730-6,790/mt today, with the SHFE 1805contract trading at 50,500-51,000 yuan/mt. In the physical market, dow...Read More

SHANGHAI, Mar 21 (SMM) –Copper: Copper prices remained under pressure given high inventories and worries of a potential trade war. We expect LME copper to fall to the $6,700/mt level in the short term but with upward momentum in the mid and long term. We see it trading at $6,730-6,790/mt today, with the SHFE 1805contract trading at 50,500-51,000 yuan/mt. In the physical market, dow...Read More

Key data from the Wednesday March 21 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al), $ per kg, delivered duty-paid in EuropeTodayPreviousChange to midpoint of rangeMidpoint % change4.655.3-0.075-1Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European ports Titanium scrap turnings, unprocessed (0.5-2% Sn), $ per lb, cif European ports...Read More

The Federal Reserve, under new chairman Jerome "Jay" Powell, raised the federal funds target rate 25 basis points today. It was Powell's first significant move as the new chairman of the Federal Reserve.Let me first give my opinion of Jay Powell before weighing on the implications of today's decision.I worked with Jay Powell when he was at the U.S. Treasury and I was general counsel of a major pri...Read More

Mills across Europe producing hollow steel sections have continued this week to be largely unsuccessful in raising their prices for tube products because many producers are in need of bookings, sources told Metal Bulletin on Wednesday March 21."They've been trying for several weeks, but they've been unsuccessful. If they don't get orders, they can't raise their prices, and they are all in urgent n...Read More

Domestic prices for cold-rolled coil (CRC) in the EU have been stable over the past week due to a slow market, sources told Metal Bulletin this week.Buyers have gone into "wait-and-see" mode until the price trend becomes clear, according to market sources."European mills are sold out for second-quarter-rolling coil," a German trader said. "Producers will probably increase prices for the third quar...Read More

Today the Hon. Jerome H. Powell executed the high and solemn duty of his office…Word came down at 2:00 that he is raising the Fed's target rate another quarter-point.The new target will ply the range between 1.5% and 1.75% - up 0.25% from its previous range.The Dow Jones popped some 70 points on the news.The news was expected, after all.And markets enjoy having their expectations confirmed.B...Read More

My Dad had to put himself through college.To pay his own way, he worked a number of jobs while taking classes and studying. And to save money and time, he ate the vast majority of his meals at "greasy spoon" diners.So by the time I was born he had gained a college diploma ... a solid job ... and also more than a hundred pounds of extra weight.As a kid, I recall jumping on his very large belly and...Read More

Domestic prices for hot-rolled coil (HRC) in the EU have been stable this week with buyers remaining in "wait-and-see" mode, sources have told Metal Bulletin.Although activity is scarce, prices are not expected to go down, according to market sources.European steelmakers have largely sold out their second-quarter production of HRC, but have not announced new prices yet. The mills will make attempt...Read More

“Hey Dad, does this dress make me look...”I had to cut her off mid-sentence.“Beautiful? Yes, sweetheart it does!”She rolled her eyes the way only a 16-year-old daughter can, and said “you’re just saying that so we can quit shopping and go home.”It did seem like we had been shopping a long time. And at that point, all of the dresses were starting to look th...Read More

A new residence hall scheduled to break ground this fall on the Colorado School of Mines campus was recently featured by Business Den, a Denver-focused online business publication.The 400-bed hall will be located between Starzer Welcome Center and Weaver Towers. It is being designed by Denver-based Anderson Mason Dale Architects and Seattle's NAC Architecture.Read More

The latest metal markets news and price moves to start the North American day on Wednesday March 21. Base metals prices on the London Metal Exchange were on divergent paths during morning trading, with copper prices falling further. The three-month copper price was down $40 per tonne and trading at levels unseen since December 2017. Easing supply concerns have put pressure on copper prices over th...Read More

Six Colorado School of Mines students will head to England over spring break to compete in the 40th International Mining Games. The Camborne School of Mines is hosting the games at the King Edward Mine, welcoming teams from 40 mining schools from around the world to compete in seven events that showcase traditional mining methods. The games were started in 1978 to commemorate the 1972 Sunshine M...Read More

Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Wednesday March 21. Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday with the risk-off tone persisting amid fears of a trade war between the United States and China, and ahead of the US Federal Open Market Committee's monetary p...Read More

While the programming behind algorithmic trading is still in relative infancy, these computerized systems are more likely to increase volatility in metals trading than reduce it, Lord Copper muses. A few weeks ago, fellow Metal Bulletin columnist Martin Hayes wrote about the dramatic fall in the prices of financial assets since the turn of the year. Stock markets across the world have given b...Read More

Zinc and lead trader Monika Zientara and aluminium trader Christian Hermetschweiler have resigned from Switzerland-based TMT Metals, Metal Bulletin has learned.The resignations follow that of senior aluminium trader Arefe Khosravi, who left TMT Metals late last year and recently joined Tiberius Group to drive a return to base metals trading. TMT Metals declined to comment on the latest resign...Read More

Base metals prices on the London Metal Exchange closed higher across the board on Wednesday March 21 after the dollar weakened slightly. The three-month copper price staged a recovery back toward the $6,800 per tonne support level. The red metal has come under pressure in recent days following easing supply concerns. Aluminium and nickel price remained rangebound, both closing marginally higher wh...Read More

Comex copper prices bounced back on Wednesday March 21 ahead of the conclusion of the US Federal Reserve meeting with the dollar experiencing a bout of weakness. Copper for May settlement on the Comex division of the New York Mercantile Exchange inched up 0.75 cents or 0.3% to $3.0455 per lb. Yesterday, the contract hit a three-month low. "Today, the Fed concludes its two-day policy meeting which....Read More