Comex copper prices built on Tuesday's surge in morning trading on Wednesday July 25, with concerns about supply and a softer dollar combining to lift the red metal further....Read More
Trading remained muted in the seaborne iron ore market on Wednesday July 25 though there was more activity at China's ports, mostly due to the weaker yuan in comparison with the dollar....Read More
Buyers' limited appetite for imported coking coal is keeping the seaborne spot prices stagnant....Read More
Domestic prices for hot-rolled coil (HRC) in Europe have gone up slightly over the past week, supported by the effects of the preliminary decision in an EU safeguard case, sources told Metal Bulletin on Wednesday July 25....Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Nickel and tin were the only base metals to close trading higher on Wednesday July 25, while the rest of the complex drifted lower on lack of trading momentum. ...Read More
Early negotiations are under way on a labor contract at the Cerro Verde mine in Peru, the country's largest copper operation, according to majority owner Freeport-McMoRan. ...Read More
An open import arbitrage in China helped support nickel premiums in the week to Tuesday July 24, while premiums were unchanged in Europe due to the typical summer lull. ...Read More
Freeport-McMoRan increased its copper production by 13.4% in the first half of the year, led by major output gains at Grasberg in Indonesia....Read More
Freeport-McMoRan is seeking an extension of its Indonesian subsidiary's temporary special license (IUPK) that would allow it remain in effect until all definitive agreements on its mining rights in the country are complete. ...Read More
Tin premiums in Europe, Asia and the United States were unchanged in the week to Tuesday July 24 due to thin demand during the traditional summer lull. ...Read More
The latest metal markets news and price moves to start the North American day on Wednesday July 25....Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer on the morning of Wednesday July 25, with the complex up by an average of 0.4%. Tin (-0.2%) was the only metal showing a loss. Lead prices (+1%) led the advance, while copper prices rose by 0.4% to $6,290 per tonne. Volume has, however, been average - some 5,259 lots had traded across the complex as at 6.41am...Read More
Ukrainian steelmaker Metinvest will decrease its pig iron shipment volumes because of planned increases to steel production once a new continuous casting machine (CCM) starts up at its Ilyich Steel mill in Mariupol....Read More
Italian authorities have started an investigation that might result in the cancellation of the tender for sale of steelmaker Ilva, which was won by ArcelorMittal, the country's ministry of economic development said on Tuesday July 24....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Second quarter reports continued to pour in. Companies that reported since yesterday's close included Anthem, AT&T, Boeing, Boston Scientific, Coca-Cola, Corning, Fiat Chrysler, Freeport McMoran, General Motors, Hess Corp, Hilton, Loblaw Companies, Navient, Northrop Grumman, Teradyne...Read More
The following Metal Bulletin minor metals prices changed on Wednesday July 25:...Read More
Key data from the Wednesday July 25 pricing session in Europe. ...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday July 25:...Read More
Michael Lillja will join Yildirim Group's Polymetcore trading arm from fellow chrome producer Afarak on September 1. ...Read More