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
Global commodities merchant Castleton Commodities International (CCI) is to exit physical metals trading and reallocate capital to its energy business. ...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
Comex copper prices were slightly higher during trading on Wednesday August 8 with the market waiting for further clarity on the trade war front. ...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
On Tuesday August 7, the government of the United States reimposed its economic sanctions against Iran, with the steel trade being one of the industry sectors to be directly affected....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
Domestic prices for mesh-quality wire rod produced and delivered in Europe remained unchanged over the week as market activity weakened during the summer holidays, sources told Metal Bulletin on Wednesday August 8....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Walt Disney slipped $0.76 to $115.40 after reporting lower than consensus second quarter earnings.Papa Johns dropped $1.26 to $37.30 after reporting lower than consensus quarterly results.Snap fell $0.09 to $13.03 after reporting lower than consensus quarterly results.CVS Health added $2.00 t...Read More
Key data from the Wednesday August 8 pricing session in Europe. ...Read More
The following Metal Bulletin minor metals prices changed on Wednesday August 8:...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday August 8:...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
Suppliers of seaborne manganese ore and chrome ore are increasingly having to compete with spot prices in Chinese ports, due to buyers' reluctance to import amid high stocks, negative currency moves and downside price risk, according to market participants. Metal Bulletin's 37% manganese ore index, cif Tianjin has dropped to $5.74 per dry metric tonne unit (dmtu) since spiking to $6.21 per dmtu on...Read More
US scrap export prices have fallen and are still subject to further downside risk after a recent sale to Turkey, market participants said. ...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 latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
The latest metal markets news and price moves to start the North American day 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
The price of premium hard coking coal in the seaborne market breached the $190-per-tonne-cfr-China mark on Wednesday August 8, leaving some participants surprised at the pace of increases in this segment of the steelmaking raw material since the beginning of this month....Read More