Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. ...Read More
Alcoa workers have gone on strike in Western Australia due to a breakdown between the company and Australian Workers' Union (AWU) officials representing the workers. ...Read More
A number of Chinese zinc smelters have managed to introduce long-awaited, and significant, increases to domestic treatment charges (TC) in the first week August....Read More
Cobalt Blockchain and Traxys Europe have signed a letter of intent to establish a commercial partnership at Traxys' cobalt hydroxide plant in Lubumbashi in the Democratic Republic of the Congo (DRC)....Read More
Glencore metal traders banked a record $6 billion in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) for the first six months of 2018....Read More
Alcoa workers have gone on strike in Western Australia due to a breakdown between the company and Australian Workers' Union (AWU) officials representing the workers. ...Read More
A number of Chinese zinc smelters have managed to introduce long-awaited, and significant, increases to domestic treatment charges (TC) in the first week August....Read More
Key data from the Wednesday August 8 pricing session in London. ...Read More
The weak Turkishlira continued to keep the country's steelmakers out of the deep-sea scrap market on Wednesday August 8....Read More
The London-based precious metals division of INTL FCStone is to use blockchain technology developed by Paxos for its post-trade needs, the company said. ...Read More
Cobalt Blockchain and Traxys Europe have signed a letter of intent to establish a commercial partnership at Traxys' cobalt hydroxide plant in Lubumbashi in the Democratic Republic of the Congo (DRC)....Read More
Domestic prices for hot-rolled coil (HRC) in Europe have moved up over the past week, supported by the effects from the recent regional safeguard case, sources told Metal Bulletin on Wednesday August 8....Read More
Stricter winter production cuts in China from October are expected to have a significant influence on the entire domestic steel market in comparison with the last heating season, industry sources told Metal Bulletin this week."Prices will likely be on a bullish trend later this year like how they did last year, and export transactions will be hard to conclude," an export trader in east China said,...Read More
China's hot-rolled coil prices were largely stable on Wednesday August 8 amid mixed sentiment among market participants....Read More
The outlook for the global long steel products market seems to be in equilibrium at present, but risks remain amid rising production of crude steel and increasing protectionism, the International Rebar Producers & Exporters Association (Irepas) said late on Tuesday August 7....Read More
Domestic prices for steel beams in Europe remained stable this week while trading maintained usual seasonal summer levels, sources told Metal Bulletin on Wednesday August 8....Read More
The weak Turkishlira continued to keep the country's steelmakers out of the deep-sea scrap market on Wednesday August 8....Read More
Trading activity in the seaborne iron ore market remained low on Wednesday August 8 with a few offers being made below previous levels....Read More
Iron ore export volumes from Western Australia's Port Hedland fell to a five-month low in July - the first drop since March....Read More
China's domestic rebar prices retreated on Wednesday August 8 amid persistently weak demand....Read More