BHP enforces to dredge new nickel mines in Western Australia

Today's Morning trade Global Base metals prices on the SHFE were mainly lower today. The copper prices were oscillating between slight gains and losses. As consolidation set in following the rally seen since May 19. The most-traded July copper contract on the SHFE was unchanged at 45,770 yuan ($6,644) per tonne. As of 05:00 BST. [...]

By | 2017-05-24T06:59:13+00:00 May 24th, 2017|International|0 Comments

Bar nickel inch higher; beside multi-week lows, and oil price collapse

SHFE   Marginally higher trade among base metals traded on the SHFE. Due to weaker dollar during Asian morning trade on Friday May 5. But there remained near multi-week lows following an overnight collapse in the oil price. Nickel bucked the uptrend, as expectations of increased supply continued to push prices lower. “European markets are [...]

By | 2017-05-05T07:02:42+00:00 May 5th, 2017|Financial, Governments, International, Oil Market|0 Comments

Base metal prices keeping a downward trend (info & data)

Important to know of Today's market: European CB President Mario Draghi Speaks Bank of Canada Governor Poloz Speaks UK Services Purchasing Managers Index rose to actual 55.0 (forecast was 53.3) For more info:   LME Today: All base metal prices on the London Metal Exchange humbled today in morning trade, May 4. After a [...]

By | 2017-05-04T11:05:42+00:00 May 4th, 2017|Financial, Governments, International|0 Comments

Copper price falls below $5,700/t; all base metals down

Financial Markets on Wednesday:   Fed expected to stand pat on rates Jobs data and service sector activity to serve as prelude to Fed Apple sales disappoint, shares off 1.5% Oil bounces back from 1-month low Global stocks show caution ahead of Fed decision     LME on Wednesday: “Prices have dropped this morning but [...]

By | 2017-05-03T11:32:50+00:00 May 3rd, 2017|Financial, Governments, International, Oil Market|0 Comments

Vale’s Q1 nickel output falls on operational issues

  About Vale   Vale SA is a Brazilian multinational corporation. Engaged in metals and mining. It is one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. Vale’s nickel production declined in the first quarter of 2017. It was affected by planned maintenance [...]

By | 2017-04-20T17:36:45+00:00 April 20th, 2017|Financial, Governments, International|0 Comments

Base metals subdued; Aluminium went slightly up

  Essentially lower levels    Base metals prices started a holiday-shortened week mostly on the defensive. With LME premarket trading on Tuesday April 18 seeing lower levels. – Potentially supportive macroeconomic developments were shrugged off. The exception was aluminium. It pushed higher on weekend news that planned Chinese capacity extensions were being put on ice. [...]

By | 2017-04-18T12:09:28+00:00 April 18th, 2017|Financial, Governments, International, Oil Market|0 Comments

Metal Price Trends on Wednesday, the 12th of April

  SHFE nickel prices FALL as fear over laterite ore tightness ease:     Nickel prices on the Shanghai Futures Exchange plummeted during Asian morning trading on Wednesday April 12. As fears over the tightness of laterite ore eased due to expectations of increased supply ahead of the resumption of shipments from Indonesia. As well [...]

By | 2017-04-12T22:41:20+00:00 April 12th, 2017|Financial, Governments, International|0 Comments