Zinc Prices Under Pressure; HKEX appoints Cha as Chairman; Vale’s Base Metals earnings grow 45.7% in Q1

Gold Silver Reports (GSR) – Hong Kong Exchanges and Clearing has appointed local businesswoman and politician Laura Cha as its new chairman of the board, the exchange announced on Thursday. Vale’s base metals business posted a 45.7% increase in its core earnings in the first quarter of 2018 from a year earlier, helped primarily by the higher realized nickel prices during the period, the Brazilian diversified miner said on Wednesday.

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Base Metal Prices Today

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.          

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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.                

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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.           

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MCX Aluminium Above 125 Target 138—142

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.                                         

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Trump Trade Fears Take Gold and Palladium Futures on a Wild Ride

Gold Silver Reports (GSR) – Trump Trade Fears Take Gold and Palladium Futures on a Wild Ride – Measures of 60-day historical volatility for gold and palladium futures climbed to the highest in about a year. Volatility in silver also increased. Prices were whipsawed last week as Trump administration officials tried to calm markets, while their boss warned of short-lived “pain” from a trade stand-off with China. In Russia, the largest palladium producer, dozens of companies and key allies of President Vladimir Putin are facing a new wave of U.S. sanctions.

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Base Metal Prices Today

What to Watch in Commodities: Aluminum, Trump Vs Xi, Copper, Soy

Gold Silver Reports (GSR) – What to Watch in Commodities: Aluminum, Trump Vs Xi, Copper, Soy — On top of that, there are two gatherings that’ll shape the big-picture agenda. In Asia, China’s leadership, including President Xi Jinping, will deliver their take from the Boao Forum for Asia. And in Peru, heads of state from across the Americas will gather in Lima for a summit that may provide a backdrop for a breakthrough on fraught Nafta talks between the U.S., Mexico and Canada.                   

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