Base metals on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Falling 0.7% over the afternoon, copper's three-month price has dipped from the five-year highs that pushed its price up to $7,300 per tonne last week. Uncertainty over labor negotiations at BHP...Read More
The Chinese domestic ferro-silicon market increased on expected tighter supply, with producers encountering environmental checks that could cut production in coming weeks, while the European market has been stable in June, ahead of the third-quarter delivery settlements conclusion between alloy suppliers and consumers in the steel sector. China adds to price gains on supply worries Could bec...Read More
Comex copper experienced a bout of profit-taking to open the new week on Monday June 11 morning in the US, following last week's surge.Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.70 cents or 1.1% to $3.2630 per lb. Despite the downturn this morning market participants remain optimistic, with the global economy showing solid...Read More
The Chinese domestic ferro-silicon market increased on expected tighter supply, with producers encountering environmental checks that could cut production in coming weeks, while the European market has been stable in June, ahead of the third-quarter delivery settlements conclusion between alloy suppliers and consumers in the steel sector. China adds to price gains on supply worries Could bec...Read More
Aqua Metals Inc has begun commercialization of its non-polluting electrochemical lead recycling technology with the production of pure AquaRefined lead. The first block of 99.985% grade lead was cast on Thursday June 7 through the technology, known as AquaRefining. The California, United States-based company said it expects to increase purity to the 99.994% grade, in excess of the...Read More
Comex copper experienced a bout of profit-taking to open the new week on Monday June 11 morning in the US, following last week's surge.Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.70 cents or 1.1% to $3.2630 per lb. Despite the downturn this morning market participants remain optimistic, with the global economy showing solid...Read More
Following a turbulent first half of the year marked by outbreaks of price volatility, forecasts suggest market sentiment towards London Metal Exchange zinc and lead are set to improve on brighter supply dynamics. Trading at $3,205 per tonne as at 13:30 pm London time on Monday June 11, zinc's three-month price is recording a steady upward trend after breaking past its nearest resistance level on J...Read More
The latest metal markets news and price moves to start the North American day on Monday June 11.Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher.Here's how...Read More
Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher."Metals prices are largely stagnant as the new week gets underway, ignoring the bombshell that ended the G7 summit at the weekend. After leaving the meeting early, US president Donald Trump later revoked the join...Read More
Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Monday June 11, with lead, zinc and aluminium prices moving higher, while the rest weakened.Lead outperformed this morning with a 1% gain to $2,492 per tonne, with zinc and aluminium registering increases of 0.3% and 0.2% respectively. Tin led on the downside with a decline of 0.5%, while copper...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday June 11*Copper -$191.5 (-1,229.13 yuan) Aluminium -$545.02 (-3,498.23 yuan) Zinc -$24.77 (-158.99 yuan) Nickel -$280.19 (-1,798.38 yuan) * Metal Bulletin calculates the...Read More
Buying activity in the Commonwealth of Independent States export slab market has shown signs of recovery during the week ended Monday June 11 as several bookings were heard done in Southeast Asia and the Middle East.Metal Bulletin's CIS export slab price assessment was $510-515 per tonne fob Black Sea on Monday, unchanged from the previous week.CIS mills selling material from the Black Sea and Far...Read More
Brazilian domestic prices of hot-rolled coil, cold-rolled coil and hot-dipped galvanized coil have increased this month as mills have been struggling to apply previously announced price movements.Metal Bulletin's monthly assessment of Brazil domestic HRC prices rose to 2,600-2,700 Reais ($701-728) per tonne-ex-works on Friday June 8 compared with 2,500-2,600 Reais per tonne ex-works on May 4....Read More
Due to a technical error, Metal Bulletin's monthly price assessment for domestic cold-rolled coil (CRC) in Brazil was published incorrectly on June 8, 2018.Metal Bulletin has now corrected its monthly Brazil CRC assessment.The price was published at 2,800-2,900 Reais ($754.93-781.89) per tonne ex-works, and has subsequently been corrected to 2,900-3,000 Reais per tonne ex-works.Metal Bulletin's pr...Read More
Saudi Arabia's state-owned steel producer Hadeed Sabic has registered with Egypt's General Organization for Export and Import Control to export rebar to the country, Egyptian sources told Metal Bulletin on Sunday June 10. It is compulsory to be registered with the organization to export rebar to Egypt. Sabic is the second registered Saudi Arabian steel producer to export rebar to Egypt after Al Ra...Read More
China's car production and sales extended their year-on-year growth in May but were both down on the month, the China Association of Automobile Manufacturers (CAAM) said today. The country produced 2.34 million vehicles last month, up 12.8% from 2.09 million units in May 2017, the association said on Monday June 11. Vehicle sales reached 2.29 million units...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Monday June 11, with lead, zinc and aluminium prices moving higher, while the rest weakened. Lead outperformed this morning with a 1% gain to $2,492 per tonne, with zinc and aluminium registering increases of 0.3% and 0.2% respectively. Tin led on the downside with a decline of 0.5%, while coppe...Read More
European ammonium paratungstate prices (APT) moved up again last week, buoyed by tightening availability in the spot market amid ongoing environmental crackdowns in China. European APT prices move up on tight supply Chinese APT, concentrates prices stabilize European, Chinese ferro-tungsten markets subdued amid weak spot demand Metal Bulletin assessed APT prices at $345-352 per metric t...Read More
SHANGHAI, Jun 11 (SMM) – Nonferrous metals saw mixed trading on Monday June 11. SHFE nickel led losses and closed 0.79% lower. Tin dipped 0.52%, and aluminium inched down. Zinc, lead, and copper went up slightly.The ferrous complex gained for the most part. Iron ore rose 0.64%. Rebar and hot-rolled coil inched up, while coking coal lost 0.76% and coke edged down.Copper: The SHFE 1808 contrac...Read More