This article is reprinted by permission from NerdWallet. When the American ExpressAXP, +1.46% Gold Card relaunched in October 2018, the rich rewards it promised at restaurants made it one of the top credit cards for dining available. Cardholders are supposed to earn 4 points per dollar spent at U.S. restaurants (terms apply). But some have been reporting that the card doesn't consistently del...Read More
Are the bulls bouncing back? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contra...Read More
Copper and zinc bucked the complex's downtrend to finish up 0.2% and 0.9% respectively at close of trade on Monday March 11. All other base metals traded on the London Metal Exchange consolidated down, failing to be buoyed by positive US retail data, choosing instead to follow the downward trajectory of weakening EU economies.Zinc or swim Zinc edges ever closer to the psychological $2,800 per tonn...Read More
Fastmarkets will host a free web seminar on Monday April 8 at 9.30am London time to introduce the new Fastmarkets-settled London Metal Exchange cash-settled cobalt contract. Learn how Fastmarkets assesses the cobalt market and how you can manage your risk with the new LME cash-settled contract. Click here to register for the webinar. Date Monday April 8, 2019 Time 9.30am London time Join us and th...Read More
The Comex copper price saw a modest increase in morning trading on Monday March 11 with the market remaining mainly rangebound until further news on the US-China trade talks is revealed. The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 0.70 cents to $2.9005 per lb. "While the rally in copper prices since the start of the year is driven by stronge...Read More
Published 21 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold fell on Monday, moving further off the key $1,300-per-ounce mark it briefly surpassed in the previous session, as global equities rallied following last week's slide with stronger-than-expected U.S. retail sales allaying some fears of an economic slowdown.Spot gold was down 0.43 percent at $1,292.42 per ounce at 2:30 p.m. ET. , whil...Read More
The Gold Shares ETF remains above my semiannual and monthly value levels at $120.36 and $118.45 with my quarterly risky level at $130.76.The commodities ETF has a monthly value level at $14.44 with my quarterly pivot at $15.60 and the 200-week simple moving average at $15.81.The long dollar ETF remains between my annual pivot at $25.47 and my semiannual risky level at $26.39 with my monthly pivot...Read More
Production at MMG Ltd's Las Bambas copper mine in Peru could fall 'in the near term' due to a road blockade by a community that was relocated to make way for the mine, the company said on Monday.Production at Las Bambas, which churned out some 385,000 tonnes of copper last year, has not yet been affected by the protest but could be if it continues or intensifies, the company said in a statement. I...Read More
Producer of mineral-based highly engineered advanced materials Luxfer, and manufacturer of rare earth and rare metal-based functional materials Neo Performance, announced that they have mutually agreed to terminate a previously announced transaction under which Luxfer would have acquired Neo for $612 million in cash and stock.The companies made the announcement by issuing a press release in which...Read More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals' (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world's top bullion miners to get even bigger.The Melbourne-based company, which is also the world's No. 3 gold producer by market value, is paying Imperial $806...Read More
Copper and zinc bucked the complex's downtrend to finish up 0.2% and 0.9% respectively at close of trade on Monday March 11. All other base metals traded on the London Metal Exchange consolidated down, failing to be buoyed by positive US retail data, choosing instead to follow the downward trajectory of weakening EU economies.Zinc or swim Zinc edges ever closer to the psychological $2,800 per tonn...Read More
The European ferro-vanadium market fell in the week ended March 8 due to aggressive negotiations amid sluggish demand, while ferro-vanadium prices in China and the United States softened slightly. Chinese ferro-vanadium market softens on lack of foreign buying interestEuropean ferro-vanadium prices slump on aggressive offersEuropean V2O5 edges down amid limited buying interestUS ferro-vanadium sli...Read More
Here are five Fastmarkets MB stories you might have missed on Monday March 11 that are worth another look.The London Metal Exchange and Fastmarkets launched three new cash-settled derivative contracts on Monday March 11 to provide effective risk management tools for the aluminium, alumina and cobalt markets. The LME is at the heart of yet another warehousing conundrum, with pressure mounting...Read More
Aluminium producer EGA's net income dropped by 64% year on year in 2018 due to high raw materials costs, it said in its company results released on Monday March 11. Net income in 2018 fell to AED1.2 billion ($325 million) from AED3.3 billion ($900 million) in 2017. "The aluminium industry is going through a challenging period with higher prices for our raw materials and lower benchmark prices for...Read More
The Noranda Income Fund (NIF) will buy half of its zinc concentrates supply from Glencore based on floating spot terms from May 2019 to April 2020 in a bid to capitalize on rising treatment charges (TC). Glencore Canada is in a four-year agreement to supply all of NIF's zinc concentrate feed through April 30, 2022, while NIF will sell all of its zinc metal output to Glencore during the period, the...Read More
The Comex copper price saw a modest increase in morning trading on Monday March 11 with the market remaining mainly rangebound until further news on the US-China trade talks is revealed. The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 0.70 cents to $2.9005 per lb. "While the rally in copper prices since the start of the year is driven by stronge...Read More
After years of hoping and waiting, things may be finally looking up for the world's uranium mining sector."The outlook for the uranium market has, without a doubt, significantly improved over the past year," says the Bank of Nova Scotia's report on energy released in mid-January. It's not a perfect picture yet, but the balance between supply and demand appears to be moving gradually toward more st...Read More
The London Metal Exchange (LME) and Fastmarkets have today launched three new cash-settled derivative contracts to provide effective risk management tools for the aluminium, alumina and cobalt markets.The LME will offer these hedging mechanisms settled against the following Fastmarkets MB prices:Cobalt standard-grade, in-warehouse, free market $ per lb in warehouse Alumina Index Fob Australia $ pe...Read More
The aluminium billet premium in Germany fell by 6% on Friday March 8 to its lowest in nearly a year on bearish European macroeconomic concerns and weaker market fundamentals. Fastmarkets assessed the premium for prime-quality billet delivered duty-paid on a spot basis into the Ruhr region with 30-day payment terms at $430-460 per tonne on Friday, down from $465-485 per tonne. The German bille...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday March 11 despite poor economic data today and from Friday.Zinc was recently up 1.6%, recovering after last week's lackluster performance. It has $2,800 per tonne in its sights, having previously been capped below that level by producer selling."On Friday, zinc was only metal today to see above-avera...Read More