Steel scrap prices in the world's major markets remained firm during the working week from Monday February 12 to Friday February 16.Turkish steel mills continued their deep-sea scrap purchases for March, with prices going up slightly over the week.Meanwhile, the United States' export market enjoyed the demand from Turkish mills and expected stronger prices in the country's own domestic market.Impo...Read More
India's import ferrous scrap markets have continued their strong start to the year with prices for containerized material rising amid continued good demand and reduced volumes being offered for sale, sources said on Friday February 16.Prices in the key Turkish import scrap market increased this week, which served both to help sentiment in India, and to create caution among sellers when considering...Read More
Turkish steel producers went through Friday February 16 making no deep-sea bookings, but they are still expected to book more scrap for March, according to market sources.The steel producers in Turkey booked a number of deep-sea cargoes throughout the week and prices have gone up slightly.On February 15, three steel mills booked deep-sea cargoes at around $353 per tonne...Read More
Vale's fourth-quarter metallurgical coal output increased by 23.90% in 2017, the company said on Friday February 16. Vale's fourth-quarter metallurgical coal output increased by 23.90% in 2017, the company said on Friday February 16. Output came to 1.42 million tonnes from October to December, compared with...Read More
Lead recycler Recylex's 2017 revenue rose almost one-fifth to ?,?450.3 million ($564.1 million) from a year ago due to soaring lead and zinc prices.Sales of lead, which accounts for over 70% of Recyclex's total revenue, rose 16% to ?,?324.1 million on strong lead prices and improving production last year, according to the company statement. During 2017, average lead and zinc prices in Europe rose...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday February 16 with prices holding firm near fresh 2018 high levels. The three-month copper price has rallied back above $7,200 per tonne with the rally underpinned by a weaker dollar - the dollar index is now back below 89.00. Copper is now trading just $10 off its 2018 high of $7,262 per tonne - but...Read More
Metals prices on the London Metal Exchange are up across the board this morning, Friday February 16, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday. Lead prices are up by the most in percentage terms, with a 0.7% rise, followed by aluminium (0.6%) copper (0.4%) at $7,217 per tonne, with nickel and tin prices up 0.35 and zinc little changed. With the...Read More
Key data from the Friday February 16 pricing session in EuropeMercury MB free market $ per flask in warehouseKey drivers - Supply has fallen as a result of the Minamata Convention that came into force...Read More
The following Metal Bulletin minor metals prices changed on Friday February 16:Minor metals Arsenic MB free market, $/Ib: $0.70-1.05 per Ib from $0.90-1.25 Cadmium MB free market min 99.99%, cents/lb: 122-142 cents per lb...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday February 16:Aluminium ingot Duty paid delivered works pressure diecasting ingot...Read More
The base price assessment in Europe for 2mm, grade-304 cold-rolled (CR) stainless steel sheet has narrowed downward by ?,?20 per tonne over the past week, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,100 ($1,323-1,373) per tonne delivered in Northern Europe, down from ?,?1,060-1,...Read More
For best results when printing this announcement, please click on link below: MONTREAL, Feb. 15, 2018 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF)today announced 2018 production and cost guidance for its Mana and BoungouMines in Burkina Faso. All amounts are in US dollars unless otherwise stated.Highlights* Consolidated production of between 235,000 and 265,000 ounces of gold,representing a...Read More
Gold is consolidating following the most considerable one-day price advance since August 2016. On May 18, 2017, gold gained $21 to move from $1237 to $1258. Although very respectable, the resulting $21 gain still falls five dollars short of yesterday’s net increase of $26 per ounce.Read More
LONDON, Feb 16 (Reuters) - Commodities-related revenue at the 12 biggest investment banks fell by 42 percent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said on Friday.Revenue from commodity trading, selling derivatives to investors and other activities in the sector fell to $2.5 billion in 2017 from $4.3 billion the previous year, it said...Read More
(Kitco News) - Gold prices were ending the U.S. day session modestly lower Thursday, on a minor downside correction from the strong gains seen Wednesday. Still, the gold bulls this week have gained technical power to suggest more upside price action is likely in the near term. April Comex gold futures were last down $3.40 an ounce at $1,354.60. March Comex silver was last down $0.088 at $16.79 an...Read More
(Kitco News) - Don’t expect a strong U.S. dollar this year, said Capital Economics, adding that a reversal in greenback’s expectations will work in favor of higher gold prices.“We have recently decided to abandon our forecast of a stronger dollar this year,” Simona Gambarini, commodities economist at Capital Economics, said in a note published on Thursday. “We now exp...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More