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
The Turkish steel producers remained inactive in the deep-sea scrap markets on Wednesday July 25 because of the poor demand in the country's rebar markets....Read More
Vietnam's requirements for ferrous scrap could remain thin in the near-term due to regular customs inspections and weak downstream demand, market sources have told Metal Bulletin....Read More
India continues to lead the world in demand for metallurgical coal, Peabody Energy said on Tuesday July 24, when the miner reported a rise in earnings in the April-June quarter driven by the steelmaking raw material segment....Read More
Iron ore pricing has undergone a transformation that favors higher-quality ores, and this trend strengthened in the second quarter of the year, Australian miner Carpentaria Resources said on Wednesday July 25....Read More
Due to a technical error, Metal Bulletin's fob Australia premium hard coking coal (PHCC) index was published incorrectly on Tuesday July 24. Metal Bulletin has corrected its fob Australia premium hard coking coal index, which was published incorrectly on July 24The index should have read that it was at $172.99 per tonne, instead of $172.40 per tonne as published yesterday. Metal Bulletin's price b...Read More