Vale's fourth-quarter metallurgical coal output increased by 23.90% in 2017, the company said on Friday February 16. Vale's fourth-quarter metallurgical coal output increased by 23.90% in 2017, the company said on Friday February 16. Output came to 1.42 million tonnes from October to December, compared with...Read More
Lead recycler Recylex's 2017 revenue rose almost one-fifth to ?,?450.3 million ($564.1 million) from a year ago due to soaring lead and zinc prices.Sales of lead, which accounts for over 70% of Recyclex's total revenue, rose 16% to ?,?324.1 million on strong lead prices and improving production last year, according to the company statement. During 2017, average lead and zinc prices in Europe rose...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday February 16 with prices holding firm near fresh 2018 high levels. The three-month copper price has rallied back above $7,200 per tonne with the rally underpinned by a weaker dollar - the dollar index is now back below 89.00. Copper is now trading just $10 off its 2018 high of $7,262 per tonne - but...Read More
Metals prices on the London Metal Exchange are up across the board this morning, Friday February 16, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday. Lead prices are up by the most in percentage terms, with a 0.7% rise, followed by aluminium (0.6%) copper (0.4%) at $7,217 per tonne, with nickel and tin prices up 0.35 and zinc little changed. With the...Read More
Key data from the Friday February 16 pricing session in EuropeMercury MB free market $ per flask in warehouseKey drivers - Supply has fallen as a result of the Minamata Convention that came into force...Read More
The following Metal Bulletin minor metals prices changed on Friday February 16:Minor metals Arsenic MB free market, $/Ib: $0.70-1.05 per Ib from $0.90-1.25 Cadmium MB free market min 99.99%, cents/lb: 122-142 cents per lb...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday February 16:Aluminium ingot Duty paid delivered works pressure diecasting ingot...Read More
The base price assessment in Europe for 2mm, grade-304 cold-rolled (CR) stainless steel sheet has narrowed downward by ?,?20 per tonne over the past week, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,100 ($1,323-1,373) per tonne delivered in Northern Europe, down from ?,?1,060-1,...Read More
For best results when printing this announcement, please click on link below: MONTREAL, Feb. 15, 2018 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF)today announced 2018 production and cost guidance for its Mana and BoungouMines in Burkina Faso. All amounts are in US dollars unless otherwise stated.Highlights* Consolidated production of between 235,000 and 265,000 ounces of gold,representing a...Read More
Gold is consolidating following the most considerable one-day price advance since August 2016. On May 18, 2017, gold gained $21 to move from $1237 to $1258. Although very respectable, the resulting $21 gain still falls five dollars short of yesterday’s net increase of $26 per ounce.Read More
LONDON, Feb 16 (Reuters) - Commodities-related revenue at the 12 biggest investment banks fell by 42 percent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said on Friday.Revenue from commodity trading, selling derivatives to investors and other activities in the sector fell to $2.5 billion in 2017 from $4.3 billion the previous year, it said...Read More
(Kitco News) - Gold prices were ending the U.S. day session modestly lower Thursday, on a minor downside correction from the strong gains seen Wednesday. Still, the gold bulls this week have gained technical power to suggest more upside price action is likely in the near term. April Comex gold futures were last down $3.40 an ounce at $1,354.60. March Comex silver was last down $0.088 at $16.79 an...Read More
(Kitco News) - Don’t expect a strong U.S. dollar this year, said Capital Economics, adding that a reversal in greenback’s expectations will work in favor of higher gold prices.“We have recently decided to abandon our forecast of a stronger dollar this year,” Simona Gambarini, commodities economist at Capital Economics, said in a note published on Thursday. “We now exp...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped marginally in the first half of February after traders purchased nearby tonnages from mines at increasingly competitive levels and smelters eased off buying ahead of New Year holidays in Asia. The Metal Bulletin copper concentrates index dropped by 3% to $69.50 per tonne/6.95 cents per lb from $71.60/7.16 cents at the end of J...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close on Thursday February 15, with only aluminium prices falling. The three-month copper price briefly breached the $2,200 per tonne mark before retreating - but closed $19 per tonne higher. It has closed in positive territory every day this week. "We think that both LME and Comex speculators have got too bearish in their p...Read More
Comex copper prices failed to maintain momentum in morning trading on Thursday February 15 after hitting a multi-week high earlier in the week, with the complex now in consolidation mode. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.55 cents or 0.5% to $3.2205 per lb. The contract had been on a three-day rally. "The base metals complex enjoyed a st...Read More