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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.
Metals Gripped by Turmoil as Rusal’s Sanctions Fallout Spreads
Gold Silver Reports (GSR) – Metals Gripped by Turmoil as Rusal’s Sanctions Fallout Spreads — Consumers, manufacturers and traders are scrambling to secure supply cut off by Rusal, the largest aluminum producer outside China. Aluminum reached a six-year high and nickel jumped the most since 2009. Alumina, a raw material needed to make aluminum, notched a fresh record.
MCX Aluminium Market Report, April 18, 2018
Neal Bhai Reports (NBR) – MCX Aluminium Market Report – Aluminium on MCX settled up 1.53% at 159.15 gained in late session while prices dropped in the morning session took a breather but was expected to resume its rally as U.S. sanctions disrupt supplies from the world’s No. 2 producer Rusal.
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.
Rocking MCX Aluminium Tips Paisa Zindagi Ka 151.90 to Kiss High 160.80 By Neal Bhai Reports – INDIA
WATCH ALUMINIUM TIPS ROCKING : MCX Aluminium Tips Rocking 151.90 to 158.55, I Told You Buy 1000% SURE CALL TRADE WITH 100 – 500 LOTS SINGLE CALL 10 POINT TARGET HIT 151.90 TO 160.80 I Told You Buy 1000% SURE CALL TRADE WITH 100 – 500 LOTS NEAL BHAI REPORTS 📞 95822476600 & …
MCX Aluminium Tips Rocking 151.90 to 158.55, I Told You Buy 1000% SURE CALL TRADE WITH 100 – 500 LOTS
MCX ALUMINIUM TIPS ROCKING
MCX Aluminium Under Big Liquidation, Buy Any Dips Ready for Big Target
Gold Silver Reports (GSR) – MCX Aluminium Under Big Liquidation, Buy Any Dips Ready for Big Target – Aluminium on MCX settled down -1.48% at 149.75 on profit booking but prices gained by 12.59% on weekly basis after the United States imposed sanctions on Russia’s UC Rusal.
Commodities has Rarely Been Stronger, According to Goldman Sachs
Gold Silver Reports (GSR) – Commodities has rarely been stronger, according to Goldman Sachs Group Inc. With raw materials rallying on escalating political-tensions across the globe and economic growth remaining strong, the bank’s analysts including Jeffrey Currie doubled down on their “overweight” recommendation. They reiterated a view that commodities will yield returns of 10 percent over the next 12 months, according to an April 12 note.