Base Metal Stocks Articles

EUROPEAN MORNING BRIEF 21/08: Mn ore prices jump; currency movements weigh on chrome exports to China; Chinese vanadium export prices slide

August 21, 2018 / Anna Xu

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday August 21.Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Tuesday, with a retreat in the dollar continuing to provide support to the complex. Check Metal Bulletin's live futures report here. Sellers of UG2 chrome ore have lowered their offe...Read More

GLOBAL MANGANESE WRAP: Ore prices jump amid silico-manganese futures spike

August 21, 2018 / Janie Davies

Manganese ore prices are rebounding on the back of rising silico-manganese futures prices in China....Read More

Indian scrap imports to keep rising despite launch of local shredding operations

August 21, 2018 / Alona Yunda

India's first legal car-shredding operations will begin to generate shredded steel scrap next year but this additional material will not prevent a rise in the volume of the country's scrap imports after 2019, according to Metal Bulletin Research (MBR).Cero Recycling is a joint venture between Mahindra Intertrade and export regulator MSTC. It intends to generate 1 million tonnes per year of sh...Read More

Steelmaking Raw Materials Trade Log, August 21, 2018

August 21, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More

IRON ORE DAILY: Prices dip amid more environmental restrictions in China

August 21, 2018 / July Zhang

Physical iron ore was trading at lower prices on Tuesday August 21 with more restrictions affecting mills in China....Read More

BHP sees sustained demand for high-grade iron ore; reports 20% jump in earnings

August 21, 2018 / Alex Theo

BHP expects quality differentiation to remain an important element in the iron ore price formation, even as it sees prices coming under pressure in the short-term amid supply growth and ample inventories at Chinese ports, the miner said on Tuesday August 21....Read More

China AM: Steel futures down despite talk of early winter production cuts

August 21, 2018 / Alex Theo

China's steel futures fell in the morning trading of Tuesday August 21, despite talk of earlier-than-usual winter steel production cuts....Read More

PEOPLE MOVES: Former LME exec Oliver Nugent to join Citibank from ING - sources

August 21, 2018 / Hassan Butt

Oliver Nugent, a former executive of the London Metal Exchange, will leave his role as commodities strategist at ING Group to join the commodities research division of Citibank, sources close to the matter told Metal Bulletin....Read More

MMG signs zinc conc sales agreement with Minmetals North-Europe

August 21, 2018 / Shivani Singh

MMG Dugald River, a subsidiary of MMG Ltd, has entered into an agreement to sell around 40,000 dry metric tonnes of zinc concentrate per annum to China Minmetals Corp (CMC) subsidiary Minmetals North-Europe from 2019 to 2020.The sales agreement is expected to provide Chinese end-users and smelters with "efficient access" to zinc concentrate, Australian-Chinese miner MMG said on Monday August 20."C...Read More

METALS MORNING VIEW 21/08: Rebound continues across the metals

August 21, 2018 / William Adams

The base metals were up across the board by an average of 0.8% basis three-month prices on the London Metal Exchange on the morning of Tuesday August 21. This extends the rebounds that got underway on Thursday August 16 - the question is whether this is another dead-cat bounce or the start of a more meaningful recovery after a long drawn out downtrend that for most metals has dominated since...Read More

Outokumpu's September alloy surcharges fall on weaker nickel prices

August 21, 2018 / Ross Yeo

Finnish stainless steelmaker Outokumpu has lowered its alloy surcharge for September deliveries of grade-304 cold-rolled (CR) stainless steel sheets by ?,?61 ($70) per tonne....Read More

China AM: Steel futures down despite talk of early winter production cuts

August 21, 2018 / Alex Theo

China's steel futures fell in the morning trading of Tuesday August 21, despite talk of earlier-than-usual winter steel production cuts....Read More

IRON ORE DAILY: Prices dip amid more environmental restrictions in China

August 21, 2018 / July Zhang

Physical iron ore was trading at lower prices on Tuesday August 21 with more restrictions affecting mills in China....Read More

China AM: Steel futures down despite talk of early winter production cuts

August 21, 2018 / Alex Theo

China's steel futures fell in the morning trading of Tuesday August 21, despite talk of earlier-than-usual winter steel production cuts....Read More

Last Week's Price Action Suggested A Pivot Was Forming In Gold

Aug 20 2018 6:38PM / Kitco Commentary

On Friday of last week, we spoke about the fact that over the last two trading days (Thursday and, Friday) we had seen the first real signs of gold pricing finding support and reaching a potential bottom.One of the most revealing days was Thursday, when gold traded to the lowest price point this year before recovering. After trading to an intraday low of $1167 per ounce, gold futures (basis the mo...Read More

Gold Up, Showing Early Signs Of Market Bottom

Aug 20 2018 12:18PM / Kitco News

(Kitco News) - Gold prices are posting good gains in early-afternoon U.S. trading Monday, with silver just modestly up. Some positive economic news coming out of China, a major metals importer, helped to lift the metals markets today. Also, some short covering in the gold and silver futures markets was featured following the recent selling pressure. The gold and silver market bears appear to be ex...Read More

Bull market beliefs: Stock experts differ on market cycles

Aug 20 2018 12:02PM / Reuters

NEW YORK (Reuters) - As Wall Street prepares on Wednesday to celebrate the current U.S. bull stock market becoming the longest in history, some investors are keeping corks in their champagne bottles.Not all stock experts will honor the milestone because they use different definitions of bull and bear markets.While one group is widely recognized for determining U.S. economic cycles - the National B...Read More

Adrian Day: Gold 'Capitulation' Provides Buying Opportunity

Aug 20 2018 11:07AM / Kitco News

(Kitco News) - Gold’s “capitulation” presents a buying opportunity for the metal and mining stocks, says Adrian Day, chairman and chief executive officer of Adrian Day Asset Management.Spot gold has fallen from above $1,350 in early April to below $1,200 an ounce. Last week, gold hit its weakest level since early 2017.“The U.S. economy, stock market, and particularly [the U...Read More

Standard: Look For More Exodus From Losing Gold ETP Positions

Aug 20 2018 9:50AM / Kitco News

Money has flowed out of gold-backed exchange-traded products this month, and there may be more of this from losing positions before gold prices can finally stabilize, says Suki Cooper, precious-metals analyst with Standard Chartered. ETPs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. The amount of gold coming out of ETPs has reached 38 ton...Read More

Gold Bounces As U.S.-China Trade Talks On The Table

Aug 20 2018 8:16AM / Kitco Commentary

(Kitco News) - Gold continues to find buyers on expectations that this week's meeting with China on trade issues will ratchet back the escalation of a full-blown trade war. The currency crisis in Turkey also has seen some calming  in rhetoric. As a result, the dollar has lost some ground as the safe-haven play and benefitted the commodity space.  Traders are also watching for the develop...Read More

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