Base metals were lower on the London Metal Exchange in Asia Thursday as the return of China-based traders after a three-session holiday saw some heavy early selling. At the Shanghai open, the Shanghai Futures Exchange contract was at a $180 discount to the LME equivalent, meaning China-based traders were incentivized to sell LME positions and [...]

LONDON – Copper rose to its highest in nearly a week on Thursday supported by a stronger euro and expectations Chinese demand would forge on despite mixed imports data from the world’s top base metals consumer. China’s copper imports at around 397 000 tons were slightly below forecasts, but analysts had expected a drop from [...]

Base metals were mixed in thin Asian trade Wednesday, as the market continued to trade in narrow ranges after the previous week’s sharp lurch downward. Volumes were small and traders were unwilling to move outside their comfort zones.The base metals’ ability to hold their current levels suggested that earlier fears of a further plunge in [...]

07 Jun 2010 : Base metals on the London Metal Exchange broke sharply lower Monday as Asian investors digested bad economic news out of Europe and the U.S. Friday. Copper and zinc each shed around 3%, while lead was down more than 4% and nickel lost more than 2.5%. The plunges follow on a collapse [...]

SINGAPORE, June 3 – Shanghai and London copper futures rose 1 percent on Thursday, buoyed by a sharp rally in U.S. equity markets and positive auto and pending homes sales data. Surprisingly strong U.S. housing data for April drove optimism about the economy, boosting stocks and driving up oil prices. The stock rally — a [...]

US Nickel (ASX: USN), formerly Lumacom Ltd (ASX: LUM) has today inked a Letter of Intent with a Minerals and Metals Group US entity on the Mid-Continent Project located in Minnesota, USA. The Mid-Continent Project is located in southwestern Minnesota and consists of two target areas, Cottonwood and Renville West, totalling 17.8 square kilometres. The [...]

Barrick Gold (ABX.TO) will push ahead with a lawsuit to break up Goldcorp’s (G.TO) acquisition of most of the El Morro project in Chile from New Gold (NGD.TO), even though the transaction closed this week, a Barrick official said on Wednesday. Barrick, the world’s largest gold miner, agreed in October to buy a 70 percent [...]

NEW YORK/LONDON, Feb 16 – Copper led a rally across the broader base metals complex on Tuesday, hitting its highest level in more than two weeks, as the dollar stumbled and markets recovered from last week’s sell-off. “I think we are still seeing some residual demand from last week,” said Catherine Virga, senior base metals [...]

Despite a significant correction in metals prices in recent weeks, Canada’s Haywood Securities remains so bullish on gold and silver, it has readjusted its precious metals forecasts upward. Haywood metals analysts increased their 2010 forecasts from $1,000 per ounce to $1,120/oz for gold, and from $15.25/oz to $17.75/oz for silver. Long-term forecasts for gold were [...]

Global metal prices have had a rollercoaster ride in recent years – and they are rising strongly again. The cost of base metals such as copper and aluminium have traditionally been completely overshadowed by the price of crude oil. It was oil that got the headlines, while copper and the other main metal commodities stayed [...]

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