Brazilian iron ore pellet producer Samarco has reached a final agreement with Brazilian authorities and its shareholders - Vale and BHP - to settle legal action that resulted from a tailings dam disaster in 2015. The agreement was signed by Samarco, Vale, BHP, and the Brazilian prosecution offices of the federal government and the states of Minas Gerais and Esp?-rito Santo, as well as other govern...Read More
China's ferrous futures tumbled in the first hour of trading on Tuesday June 26 but went on to recover most of those losses before the end of the morning session. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,681 yuan ($563) per tonne, down 9 yuan per tonne October hot-rolled coil: 3,812 yuan per tonne, down 9 yuan per tonne Dalian Commodity Exchange September...Read More
Backwardation continues to weigh on European...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...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. Latest transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of 61% Fe Pilbara...Read More
Aluminium Aluminium started this week still on the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download th...Read More
Sell-off continues Copper was the second-worst...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
Lead outperforming zinc Lead prices...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
Macro sentiment has weakened, but nickel’s fundamentals...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus downlo...Read More
Bulls jump ship... LME tin remained...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
Bears pressure zinc to a ten-month...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday June 26*Copper -$111.30 (-731.23 yuan) Aluminium -$514.51 (-3,380.28 yuan) Zinc -$3.19 (-20.93 yuan) Nickel -$228.59 (-1,501.84 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More
Global markets stabilized on the morning of Tuesday June 26 amid easing trade tensions, while three-month base metals prices on the London Metal Exchange have begun to consolidate after their weakness on Monday. Copper, nickel and zinc were all up by 0.2%, lead was unchanged, while aluminium and lead were the stragglers – down by 0.1% and 0.3% respectively. On an average basis, the base metal...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade. NVidia added $3.58 to $242.70 after Benchmark initiated coverage with a Buy rating. Target is $280.Netflix gained $7.84 to $392.32 after Imperial Coverage initiated coverage with an Outperform rating.Lennar advanced $3.27 to $52.49 after the company reported higher than consensus fiscal...Read More
Nickel prices on the London Metal Exchange were down by more than 3% at the close of trading on Monday June 25, while other base metals prices also slumped. Nickel traded in an intraday range of $680 per tonne, eventually closing down 3.6% by the end of trading below $15,000 per tonne.A sharp rise in the dollar index, which remains high, piled pressure on the base metals last week while added unce...Read More
Cobalt prices drifted lower again last week in thin trading conditions, with buyers continuing to secure their minimum required volumes, or postponing purchases in a falling market. Low-grade cobalt and high-grade cobalt prices were assessed at $40.35-41.25 per lb, in-warehouse on Friday June 22, down 0.6% and 0.9% respectively over the course of the week. Spot activity has been limited since May...Read More
Antimony prices in both Europe and China have fallen further over the past week, after sentiment was dampened by sluggish demand.Metal Bulletin assessed MMTA standard grade II delivered, duty paid antimony prices at 51,500-52,000 yuan ($7,917-7,993) per tonne on Wednesday June 20, down by 500 yuan from one week ago. "Demand from downstream industries [both] domestically and globally is dull,...Read More
Global markets stabilized on the morning of Tuesday June 26 amid easing trade tensions, while three-month base metals prices on the London Metal Exchange consolidated after their weakness on Monday.Copper, nickel and zinc were all up by 0.2%, lead was unchanged, while aluminium and lead were the stragglers - down by 0.1% and 0.3% respectively. On an average basis, the base metals were unchanged th...Read More
Gold futures closed down $3.10 today, with the August Comex contract currently fixed at $1,267.60. This three-dollar decline completed a pattern that we identified last week called a "death cross". A "death cross" is created when the shorter-term moving average crosses below the longer-term moving average. This pattern is created from a 200 and a 50-day moving average. As such, these time paramete...Read More