Investing.com - Gold prices were little changed on Wednesday, holding near the prior session's eight-week high as investors await Federal Reserve Chair Janet Yellen's speech on monetary policy.Market players also looked ahead to U.S. inflation data later in the day.Gold for February delivery on the Comex division of the New York Mercantile Exchange held steady at $1,212.65 a troy ounce by 3:15AM E...Read More
Jan 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points higher on Wednesday, according to financial bookmakers.* The UK blue chip index closed 1.5 percent lower at 7,220.38 points, posting its biggest one-day drop since June 2016 on Tuesday, with a jump in sterling following Prime Minister Theresa May's speech on Brexit hurting dollar-earning companies. DEUTSCHE BOERSE/LONDON S...Read More
SHANGHAI, Jan 18 (SMM)? 1/4 ?Lead stood out among nonferrous metals with a 1% rise. Tin declined 1% and nickel slipped 0.43%. Copper, zinc and aluminium slid slightly.The ferrous complex performed better. Iron ore rose 1.42% and rebar rose 1%. Coke edged up 0.74% and hot-rolled coil gained 0.55%. Coking coal gained slightly.Copper: Copper faces a downward trend in the short term, an...Read More
China's gross domestic product (GDP) grew 6.9% in 2017, beating expectations of 6.8%. GDP growth for 2016 was also 6.9%GDP in Q4 2017 grew 6.8%, slightly above expectations of 6.7%.On a quarterly basis, GDP expanded 1.6%, just under expectations of 1.7%.The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and...Read More
SHANGHAI, Jan. 18 (SMM)? 1/4 ?Nonferrous metals saw more deficits from January to November 2017 compared to the same period in 2016, according to a release from the World Bureau of Metal Statistics (WBMS).AluminiumAluminium saw a deficit of 1.57 million mt, following a deficit of 770,000 mt in 2016. Demand for primary aluminium for January to November 2017 was 54.92 million mt. This was 1.41...Read More
SHANGHAI, Jan 18 (SMM)? 1/4 ?Copper: Prices face downward pressure in the short term. LME copper is expected to trade at $7,000-7,130/mt today while the SHFE 1803 contract is to trade at 53,000-54,200 yuan/mt. On the spot market, discounts are likely to narrow to 160-110 yuan/mt as downstream customers restock.Aluminium: LME aluminium is expected to stay rangebound at $2,175-2,200/mt tod...Read More
Donald Trump is committed to globalisation. Davos told Elite in Europe and US have misunderstood trade stance says Anthony Scaramucci … A senior member of Donald Trump's team insisted that the president-elect was committed to globalisation, open trade and Nato, despite recent comments that unsettled America's allies. -FTDonald Trump either misunderstand what globalism is, or he’s not...Read More
Rev. Lowell David , estuvo con nosotros compartiendo la palabra de Dios con en el tema los hijos del Reino en Ekklesia 2017.Read More
Donald Trump is committed to globalisation. Davos told Elite in Europe and US have misunderstood trade stance says Anthony Scaramucci … A senior member of Donald Trump's team insisted that the president-elect was committed to globalisation, open trade and Nato, despite recent comments that unsettled America's allies. -FTDonald Trump either misunderstand what globalism is, or he’s not...Read More
Kevin Malone is the tragically comic overweight buffoon (and World Series of Poker champion?) we all know and love from The Office.When he's not shotgunning cookie jars full of M&M's, Kevin sometimes treats his coworkers to the Malone family's mainstay: chili.Let's follow along and try very hard not to spill any.Music: "I Like Van Halen Because My Sister Says They Are Cool" - El Ten ElevenBinging...Read More
The surge in the copper price to near 18-month highs following Donald Trump's win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.The bullishness about the impact of Trump's $500 billion infrastructure plans and solid growth in top consumer China on demand for the bellwether metal has cooled down considerably.2016 was the fifth year...Read More
The Democratic Republic of Congo has dropped its opposition to the sale of the Tenke Fungurume mine by Freeport-McMoRan (NYSE:FCX) and Lundin Mining's (TSX:LUN) to Chinese investors for $3.8 billion.State-owned Gecamines which owns 20% of the copper mine, strongly opposed the deal and in October opened an arbitration case in Paris. Gecamines was particularly unhappy about Lundin's right of first...Read More
About half of all the African countries either host significant operating mines or have advanced exploration projects, yet investors tend to shy away due to perceived risks such as high levels of corruption and political uncertainty, a new report shows.There is an urgent need to refill the mining project pipeline of African countries with early stage exploration projects of all shapes and sizes.Th...Read More
* Dollar, bond yields slip on Trump* Eyes on key Brexit speech from British PM May* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Jan 17 (Reuters) - Stocks, bond yields and the dollar fell on Tuesday, while gold rose as investors drew in their horns in response to comments on the dollar from U.S. President-elect Donald Trump and ahead of a speech on Brexit from...Read More
Investing.com - Gold prices climbed to the highest level in around eight weeks on Tuesday, as investors looked ahead to a highly-anticipated speech by British Prime Minister Theresa May later in the day, at which she is expected to outline her plans for a 'Hard Brexit'.Gold for February delivery on the Comex division of the New York Mercantile Exchange touched a session peak of $1,212.50 a troy ou...Read More
China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More