Gold Silver Reports (GSR) – The London Metal Exchange (LME) is the futures exchange with the world’s largest market in options and futures contracts on base and other metals. As the LME offers contracts with daily expiry dates of up to three months from trade date, weekly contracts to six months, and monthly contracts up to 123 months, it also allows for cash trading. It offers hedging, worldwide reference pricing, and the option of physical delivery to settle contracts. Since 2012 it has been owned by Hong Kong Exchanges and Clearing, after LME’s shareholders voted in July 2012 to approve the sale of the exchange for a price of £1.4 billion.
MCX Zinc
Lead MCX Pani Pani as Expected I Told You Below 173 No Buying Watch Low 164.70 – Neal Bhai Reports
Lead MCX Pani Pani as Expected I Told You Below 173 No Buying Watch Low 164.70 – Neal Bhai Reports “No Magic, No Miracle, Just Power …
Braking News; Base Metals Drift Lower on LME; Novelis No Longer Purchasing Aluminium from Rusal; China to ban Category 7 Copper Scrap Imports by Year End
The latest Base Metals news and price moves to start the Asian day on Friday April 20.
Base metal prices on the London Metal Exchange were lower at the close of trading on Thursday April-19-2018 despite aluminium volumes reaching a recordHigh of 41,000 lots. Read more in our live futures report.
Base Metals Prices Broadly Down, Aluminium Runs into Profit-Taking; LIVE FUTURES REPORT
Gold Silver Reports (GSR) – Base Metals Prices Broadly Down, Aluminium Runs into Profit-Taking; LIVE FUTURES REPORT — The most-traded June aluminum contract on the SHFE traded at 14,850 yuan ($2,363) per tonne as of 11.30am Shanghai time, down by 70 yuan per tonne from Tuesday’s close.
MCX Zinc Strong Support @202—199 level
Gold Silver Reports (GSR) – MCX Zinc Strong Support @202—199 level — Zinc on MCX settled up 1.23% at 205.20 gained on short covering and tracking LME zinc which rose 0.5 percent to $3,131.50 a tonne as investors wagered the latest U.S.-led strike on Syria would not escalate into a wider conflict, though Asian equities turned mixed as selling in bank shares slugged Chinese indexes.
Hindalco, Vedanta Gain After Aluminium Rises In International Market
Hindalco, Vedanta Gain After Aluminium Rises In International Market
Shares of Hindalco and Vedanta rose as much as 2.8 percent and 2.7 percent each respectively after aluminium prices rose in international markets after buyers stopped buying aluminium from the world’s largest manufacturer — Rusal following sanctions imposed by U.S.
Why U.S. Sanctions On Rusal Will Benefit Indian Aluminium Producers
Gold Silver Reports (GSR) – Why U.S. Sanctions On Rusal Will Benefit Indian Aluminium Producers — Integrated domestic aluminium producers — with presence from raw materials to the final product — like Hindalco Ltd. and National Aluminium Company Ltd. stand to gain more than Vedanta Ltd., said Goutam Chakraborty, analyst-institutional research at brokerage Emkay Global Financial Services.