The export market for pig iron from the Commonwealth of Independent States has softened this week because buyers in the United States, the largest outlet region, have insisted on lower prices....Read More
Lead prices on the London Metal Exchange were up over 2% at the close of trading on Thursday August 23, while nickel, copper and tin prices struggled to maintain the midweek relief rally amid a resurgence of US-Sino trade tensions. ...Read More
Turkish steel producers continued their absence from the deep-sea scrap markets on Thursday August 23 while the Eid al-Adha religious holiday continued....Read More
The CIS export billet market was largely quiet on Thursday August 23 with buying activity being generally soft this week due to religious holidays in Islamic nations....Read More
The latest metal markets news and price moves to start the North American day on Thursday August 23....Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 23.Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Thursday, with lead and sister-metal zinc the only two to record significant gains, while the rest were little changed to weaker.Check Metal Bulletin's live futures report here.Zin...Read More
China steel production is supposedly yet to peak in the next decade due to expectations that the country will double its domestic steel usage over time, miner BHP said in a commodity outlook this week....Read More
Lead prices on the London Metal Exchange were up over 2% at the close of trading on Thursday August 23, while nickel, copper and tin prices struggled to maintain the midweek relief rally amid a resurgence of US-Sino trade tensions. ...Read More
Transactions in the physical iron ore market remained thin on Thursday August 23 with participants waiting for more clarity on upcoming steel production cuts in China....Read More
The impact of trade tensions between China and the United States became the main topic for participants of the seaborne coking coal market on Thursday August 23, with the former's tariff on imports from the latter coming into effect....Read More
Transactions in the physical iron ore market remained thin on Thursday August 23 with participants waiting for more clarity on upcoming steel production cuts in China....Read More
China's cobalt tetroxide prices have been under pressure in the past few months from high inventories, weak spot demand and substitution by battery makers, market participants told Metal Bulletin. Metal Bulletin assessed Chinese cobalt tetroxide prices (72.6% Co) at 340,000-360,000 yuan ($49,700-52,623) per tonne on Wednesday August 23, down more than 20% from two months ago. The cobalt tetro...Read More
Mining companies active in the Democratic Republic of Congo (DRC) have formed a new body to engage with the government on industry concerns about the country's new mining code and any other material issue concerning the mining industry. The industry's main issue remains the application of the 2018 mining code, according to Richard Robinson, general secretary of the new body, called the Mining Prom...Read More
The latest metal markets news and price moves to start the North American day on Thursday August 23....Read More
The aluminium market has been thrust into a period of uncertainty that has become a feature of the trade in recent months because of tariffs and sanctions, a situation that seems unlikely to change, the head of Norwegian producer Norsk Hydro said.A key effect was to push aluminium premiums in the United States to near-record highs at one point, Svein Richard Brandtz??g told Metal Bulletin on...Read More
The prices of base metals on the London Metal Exchange were mostly lower during morning trading on Thursday August 23, with broad weakness coming amid the implementation of corresponding US-Sino trade tariffs, respectively totaling $16 billion. Falling more than 2% over the morning, nickel prices have lost the most ground, but they remain well supported above $13,000 per tonne after falling to the...Read More
Efforts by the global aluminium industry to meet emissions targets are becoming the rule rather than the exception, and there is no going back, according to the chief executive officer of aluminium producer Norsk Hydro.This includes China, which has significantly increased its efforts to tackle pollution from industries including aluminium smelting in recent months."A market without strict environ...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday August 23*...Read More
Prices across the wire rod spectrum are steady this week, but market participants said supply chain and scrap-related dynamics are potential areas of volatility....Read More
Brazilian flat steel sales from distributors increased by 4.10% year-on-year in July, due to a recovery in the automotive and truck sector....Read More