SHANGHAI, Jun 28 (SMM) – The floor price of imported copper concentrate treatment charges (TCs) for the third quarter has yet to be decided by the China Smelters Purchase Team (CSPT) even though the meeting was held on Thursday June 28.In fact, there is a high probability that a floor price will not be set, for the first time, sources told SMM.In anticipation of further upward room...Read More
SHANGHAI, Jun 28 (SMM) – Nonferrous metals futures rose across the board on Thursday June 28 except for SHFE tin. Lead led the gains again with a rise of nearly 3%. Zinc went up nearly 1.5%, nickel rose over 1%, while aluminium and copper inched up.The ferrous complex mostly gained, except for coking coal. Rebar, coke, and hot-rolled coil rose over 1%. Iron ore went up 0.86%.Copper: The SHFE...Read More
SHANGHAI, Jun 28 (SMM) –Copper: The SHFE 1808 contract hit 52,050 yuan/mt overnight but pressure was seen at the 250-day moving average. While the falling Chinese yuan may provide some support, the hawkish views on US inflation would weigh on copper prices. The KDJ indicator suggested that copper prices are likely to stabilise if the trade situation does not deteriorate. We expect LME copper...Read More
SHANGHAI, Jun 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index went up 0.64% to 95.3 overnight, on track for its second day of gains as trade-related worries eased following Washington’s less confrontational approach to Chinese investment. The upbeat economic data released on Wednesday also accounted for the g...Read More
CALGARY, Alberta, June28, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that its unaudited interim consolidated April 30, 2018 financial statements have been filed on SEDAR.All of the Company's material subsidiaries are wholly owned, except for Carmax Mining Corp. ("Carmax") (TSX-V:CUX), of which the Company owns 45....Read More
The AIM-listed company (PGM), run by an experienced management team with a history of developing and financing projects, is working on the bankable feasibility study (BFS) for its planned Empire openpit copper project, near Mackay in Custer County.The 12,100m drilling programme, including resource upgrade and pit step-out activity, and a maiden campaign on key ground along the northern boundary of...Read More
While gold production generates more greenhouse (GHG) emissions per tonne of finished product than many other bulk metals, the relatively small volumes produced each year mean total emissions from newly-mined gold are significantly lower than those generated by other metals, a new study shows.Gold production does generate more greenhouse (GHG) emissions per tonne of finished product than many othe...Read More
Australian copper-gold miner OZ Minerals (ASX:OZL) has begun a compulsory takeover Avanco Resources (ASX:AVB), after months of slowly increasing its interest in the Brazil-focused explorer.The Adelaide-based company said the fact it now owns more than 90% of Avanco allows it to acquire all of the remaining shares to acquire it entirely.OZ Minerals first launched its A$418 million-takeover bid fo...Read More
SHANGHAI, Jun 27 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index, which measures the greenback against a basket of six currencies, was up 0.4% at 94.66 on Tuesday.Most base metals rebounded overnight. LME aluminium surged over 2%, copper, lead, zinc and nickel edged up slightly while tin dipped. SHFE metals rose acros...Read More
* European shares steady after China enters bear territory* Tech shares retreat broadly on latest US-China row* Dollar finds some traction as US yields start to rise* Metals knocked back in latest trade storms* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, June 26 (Reuters) - Gains on Wall Street and Europe's main stock exchanges relieved nervy investors on Tuesday,...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)* Chilean copper production: https://tmsnrt.rs/2KnTcZ7By Andy HomeLONDON, June 26 (Reuters) - Copper has fallen almost nine percent in price over the last couple of weeks.In London three-month copper CMCU3 was this morning struggling to hold the $6,700 level, a chart area last breached in early April.Copper has been cau...Read More
Investing.com - Gold prices headed lower for a second consecutive session in early morning trade on Tuesday, hitting a six-month low, as the dollar moved higher and fears of escalating trade tensions did little to support the safe haven precious metal.At 6:11AM ET (10:11GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $10.00, or 0.8%, to $1,258....Read More
* European shares steady after China enters bear territory* Tech shares retreat broadly on latest US-China row* Dollar finds some traction as US yields start to rise* Metals knocked back in latest trade storms* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, June 26 (Reuters) - Modest gains from Europe's main bourses relieved nervy investors on Tuesday, after the lates...Read More
(Adds analyst comment, updates prices throughout)* White House officials send mixed messages on trade policy* Yen two-week high vs dollar on risk aversion* Chinese yuan hits lowest in six months* Commodity currencies softer as oil rally halts and copper sagsBy Tomo UetakeTOKYO, June 26 (Reuters) - The dollar slipped against the yen in Asian trade on Tuesday, hovering near a two-week low, as worrie...Read More
* MSCI Asia-Pacific index down 0.27 pct, Nikkei sheds 0.1 pct* Spreadbetters expect European stocks to open slightly higher* Tech shares retreat broadly on latest US-China row* Dollar sags as US yields decline amid risk aversion* Libyan export woes lift oil after previous day's big fallBy Shinichi SaoshiroTOKYO, June 26 (Reuters) - World stocks extended a sell-off on Tuesday as escalating trade tu...Read More
* MSCI Asia-Pacific index down 0.35 pct, Nikkei sheds 0.2 pct* Tech shares retreat broadly on latest US-China row* Dollar sags as US yields decline amid risk aversion* Libyan export woes lift oil after previous day's big fallBy Shinichi SaoshiroTOKYO, June 26 (Reuters) - World stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies ste...Read More
* White House officials send mixed messages on trade policy* Dollar near 2-week low vs yen on risk aversion* Chinese yuan hits lowest in six months* Commodity currencies softer as oil rally halts and copper sagsBy Tomo UetakeTOKYO, June 26 (Reuters) - The dollar slipped against the yen in Asian trade on Tuesday, hovering near a two-week low, as worries about an intensifying fight between the Unite...Read More
* MSCI Asia-Pacific index down 0.75 pct, Nikkei sheds 0.5 pct* Dollar sags as US yields decline amid risk aversion* Libyan export woes lift oil after previous day's big fallBy Shinichi SaoshiroTOKYO, June 26 (Reuters) - Global stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, lifting sa...Read More
SHANGHAI, Jun 27 (SMM) – Nonferrous metals futures mostly rebounded on Wednesday June 27 with SHFE lead leading the gains again with a rise of nearly 2%. Zinc gained 1.6%, aluminium rose 0.75%, and tin inched up. Nickel closed 0.56% lower, and copper went down slightly. The ferrous complex, except for hot-rolled coil, dipped across the board but at a slower pace. Coke fell nearly 1% and...Read More