(Kitco News) - Although Goldman Sachs is optimistic on gold prices this year, the investment firm sees the most potential in copper.In its latest research, led by commodity analyst Matthew Korn, Goldman said that it is bullish on copper as the market faces impending supply issues. For this reason, analysts see mining giant Freeport-McMoRan (NYSE: FCX) as a good investment. The bank has a price tar...Read More
TODAY ALUMINIUM INTRADAYToday Aluminium Intraday – SELL 2 lot Aluminium at CMP 134.80 for Small Target 134.0 with Small SL Above 135.70AFTER POST CONTENT Read More
The latest news and price moves to start the Asian day on Wednesday March 21.Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018 low. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices tumbled to the lowest level since mid-December after investors moved to t...Read More
The latest news and price moves to start the Asian day on Wednesday March 21.Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018 low. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices tumbled to the lowest level since mid-December after investors moved to t...Read More
The latest news and price moves to start the Asian day on Wednesday March 21.Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018 low. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices tumbled to the lowest level since mid-December after investors moved to t...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
Major international mining companies active in the Democratic Republic of Congo (DRC) previously supported work on the new mining code by the country's Chamber of Commerce and are unfair to criticize the association, it said. The country's largest foreign miners, including Randgold Resources, AngloGold Ashanti, Glencore plc, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (PTY)...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
Buying from Chinese manganese smelters might slow down but strong market fundamentals will support manganese prices, participants said during a panel discussion at the Asian Ferro-Alloys Conference in Hong Kong on Wednesday March 21.On the supply side, current inventories at the Chinese ports of Tianjin and Qinzhou are around 2.0-2.1 million tonnes, according to Metal Bulletin's assessment on Marc...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
Major international mining companies active in the Democratic Republic of Congo (DRC) previously supported work on the new mining code by the country's Chamber of Commerce and are unfair to criticize the association, it said. The country's largest foreign miners, including Randgold Resources, AngloGold Ashanti, Glencore plc, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (PTY)...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
Major international mining companies active in the Democratic Republic of Congo (DRC) previously supported work on the new mining code by the country's Chamber of Commerce and are unfair to criticize the association, it said. The country's largest foreign miners, including Randgold Resources, AngloGold Ashanti, Glencore plc, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (PTY)...Read More
Weak demand for Turkish long steel products in the country's export market and Section 232 uncertainty kept Turkish steel producers out of the deep-sea scrap markets on Wednesday March 21.After stepping back from the deep-sea scrap markets on March 9, when the United States applied a 25% duty on imports of steel products following the Section 232 investigation, there has been no...Read More
Major international mining companies active in the Democratic Republic of Congo (DRC) previously supported work on the new mining code by the country's Chamber of Commerce and are unfair to criticize the association, it said. The country's largest foreign miners, including Randgold Resources, AngloGold Ashanti, Glencore plc, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (PTY)...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
Base metals prices on the London Metal Exchange are for the most part weaker this morning, Wednesday March 21, with all of the metals, except lead and tin, showing average losses of 0.3%. Copper is down by 0.4% at $6,732 per tonne, while lead is up by 0.4% at $2,360 per tonne and tin is little changed.Volume has been average with 7,278 lots traded as of 07.38 am London time. The precious metals pr...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
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
China's hot-rolled coil prices started descending again on Wednesday March 21, especially in the eastern region, following a big drop in the futures market.DomesticEastern China (Shanghai): 3,850-3,900 yuan ($608-616) per tonne, down by 30-50 yuan per tonneNorthern China (Tianjin): 3,870-3,900 yuan per tonne, widened downward by 10 yuan per tonneThe paper market slumped during the day, with the be...Read More