Copper Calls – SELL Copper at CMP 432.10 Add more at price 434 with SL Above 435.90 for Target 429 – 427.50AFTER POST CONTENT Read More
(Kitco News) - Gold and silver prices ended the U.S. day session lower Tuesday, on profit taking from recent gains. Gold prices hit a five-week high overnight, while silver notched a three-week high. A rebound in the U.S. dollar index today also worked against the precious metals market bulls. April Comex gold futures were last down $12.70 an ounce at $1,342.40. May Comex silver was last down $0.1...Read More
NEW YORK (Reuters) - Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession.“The changing global monetary policy landscape coupled with long in the...Read More
It is difficult to say when the ‘free’ gold market came into existence, since there always has been one. Yes, the gold price has been set and fixed by governments for long periods of time throughout history, as part of various types of gold standards. However, gold prices always have fluctuated around those official prices. Setting such nuances aside, the modern gold market 50 years ag...Read More
Today Aluminium Tips – Buy Aluminium at CMP 132.15 for Target small at price 132.90 – 133.45 with SL below price 131.25AFTER POST CONTENT Read More
Today Aluminium Hold Tips – SELL Aluminium APRIL at CMP 132.85 Hold for 2 days for Target small at price 130.50 – 129.60 with SL Above 133.50AFTER POST CONTENT Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
After having a great four-day run from the bottom, gold is now starting to fail from the top end of the range. Last week gold had one of its best weeks of the year, covering from the lows to the highs, similar to the pattern it had the week of Feb. 12.The Feb. 12 rally failed at resistance, and this rally looks like it will fail as well. The market footprints indicate consolidation and with gold d...Read More
The latest news and price moves to start the Asian day on Tuesday March 27.Base metals prices on the London Metal Exchange closed mostly in positive territory on Monday March 26, barring copper and aluminium. Read more in our live futures report.Here are how LME prices looked at Monday's close:London-based metals merchant Concord Resources is eyeing opportunities, including those for physical...Read More
The latest news and price moves to start the Asian day on Tuesday March 27.Base metals prices on the London Metal Exchange closed mostly in positive territory on Monday March 26, barring copper and aluminium. Read more in our live futures report.Here are how LME prices looked at Monday's close:London-based metals merchant Concord Resources is eyeing opportunities, including those for physical...Read More
Base metal prices on the London Metal Exchange remained high at the close of trading on Tuesday March 27, with only aluminium moving down. Aluminium was the only downward mover, dropping $7.50 to $2,044.50 per tonne while it continues to lack momentum."Its technical configuration is starting to improve and now badly needs follow-up buying to help the price of the light metal to edge higher. Going...Read More
Copper-gold miner Newcrest has restarted mining operations at its Cadia project in Australia, two weeks after a tailings spill caused a shutdown.Processing at the Cadia complex will remain suspended yet Newcrest will stockpile the mine ore at the mine's surface until processing is able to...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
The higher consumption of manganese alloys witnessed globally in 2017 is likely to spur increased production of silico-manganese this year, according to the executive director of the International Manganese Institute (IMnI).During a panel discussion at the 19th Asian Ferro-Alloys Conference in Hong Kong on Wednesday March 21, Aloys d'Harambure said that global silico-manganese producers were incre...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
The proposal by Philippine politicians to ban the export of unprocessed mineral ores to boost domestic processing has yet to make further progress, Patricia Bunye, senior partner at law firm Cruz Marcelo & Tenefrancia in the Philippines, said. "It's not catching fire as the industry knows the limitations of infrastructure in the country," Bunye told Metal Bulletin on the sidelines of the Mining In...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
Metal Bulletin will launch a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.Cobalt sulfate is one of the key materials used to produce lithium-ion nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminium (NCA) batteries used in electric vehicles (EV). Chin...Read More
Turkish deep-sea scrap import prices have inched downward after slightly lower offers were heard from the Baltic Sea region on Tuesday March 27.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $366.95 per tonne cfr, down by $1.15 per tonne day-on-day.The daily index for similar US-origin scrap closed at $376.96 per tonne cfr, down...Read More
China's ferrous futures rose during morning trading on Tuesday March 27, with the steel contracts posting a strong recovery in particular after a week of losses.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,455 yuan ($549) per tonne, up 71 yuan per tonne May hot-rolled coil: 3,608 yuan per tonne, up 80 yuan per tonne Dalian Commodity Exchange May iron ore: 446 yua...Read More