Italian technology company Tenova Metals has appointed former chief operating officer Roberto Pancaldi as its chief executive officer, it said this week. Pancaldi first joined Tenova in 1988 as a process engineer and replaces former CEO Andrea Rocca, who spent five years in the...Read More
Pellet production volumes at Ukraine-focused iron ore producer Ferrexpo fell by 6.75% year-on-year to 10.44 million tonnes in 2017, the company said on Tuesday January 9.The lower annual figure reflected "planned pelletizer maintenance," the company said.But Ferroexpo's iron ore pellet production output rose to 2.79 million tonnes in October-December 2017, up quarter-on-quarter from 2.49 million t...Read More
Metal Bulletin has today discontinued its index for CFR China 60% Fe Iranian Iron Ore Fines.After a consultation period, Metal Bulletin has suspended its weekly Iranian Iron Ore Fines Index, which was published every Wednesday.The MBIOI-IR Index was launched in October 2015 after a period...Read More
Iron ore exports from Western Australia's Port of Port Hedland rose 5% on the year to the highest ever in December, according to data released by the Pilbara Ports Authority on Tuesday January 9.The port shipped 46.19 million tonnes of the steelmaking raw material last month, compared with 43.94 million tonnes in December 2016. The volume is also 11.7% higher than November exports of 41.35 million...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. ...Read More
Iron ore prices rose above $78 per tonne cfr China on Tuesday January 9 due to a potential risk of a severe cyclone that will impact Western Australia, according to a warning from the Australian Bureau of Meteorology. Metal Bulletin's 62% Fe Iron Ore Index Today: $78.47 per tonne cfr Qingdao Daily change: up by $0.73 per tonne cfr Month-to-date average: $76.54 per tonne Metal Bulletin's 58% Fe Pre...Read More
Base metals prices on the London Metal Exchange were on divergent paths this morning, Tuesday January 9, with only copper and nickel continuing to edge higher. The three-month copper price was up $30, targeting the $7,200 per tonne barrier. Copper is finding some support this morning from concerns over constrained supply stemming from tightening regulations in China over imported scrap and looming...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday January 9*Copper -$102.56 (-668.60 yuan) Aluminium -$431.45 (-2,812.75 yuan) Zinc -$178.48 (-1,163.54 yuan) Nickel -$561.47 (-3,660.41 yuan) *The physical arbitrage numbers...Read More
China's prices for hot-rolled coil edged up on Tuesday January 9 on a rebound in the paper market, although the upside was restricted by weak buying interest.DomesticEastern China (Shanghai): 4,240-4,280 yuan ($652-659) per tonne, up by 10-20 yuan per tonne Northern China (Tianjin) : 4,040-4,070 yuan per tonne, up 10 yuan per tonneThe paper market remained strong in the night trading session...Read More
TD Securities' Bart Melek has won LBMA's annual precious metals forecast survey, the LBMA announced today.Melek's forecast for the average gold price in 2017 of $1,256, was just $1.15 below the actual average...Read More
The latest metal markets news and price moves to start the North American day on Tuesday January 9.Base metals prices on the London Metal Exchange were on divergent paths this morning, with only copper and nickel continuing to edge higher.Here is how the LME base metals complex looked at 11.59am London time:For a snapshot of exchange news, check out our live...Read More
Base metals prices trading on the London Metal Exchange are generally higher this morning, Tuesday January 9, with copper ($7,159 per tonne), aluminium, nickel and zinc up by between 0.2% and 0.5%, while tin prices are little changed and lead prices are bucking the trend with a 0.3% decline to $2,598 per tonne.Volume has been average, with 7,103 lots traded as of 07.23 am London time. This follows...Read More
The spot gold price managed a slight bounce during Asian morning trading session on Tuesday January 9, but expectations of more US interest rate increases this year continue to underpin the dollar, capping any significant gains in the yellow metal.The spot gold price was recently quoted at $1,318.90-1,319.35 per oz, up by $1.25 from the previous trading day's close. Trade has ranged from $1,316.23...Read More
Brazilian exports of carbon steel slab and billet increased in 2017, according to the country's foreign trade ministry, MDIC.Exports of carbon steel slab reached 7.3 million tonnes in 2017, up 23.49% from the 5.91 million tonnes exported in 2016, according to the figures released late last week.The US was the largest...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* LME zinc price at 10-year highs: * LME zinc stocks and spreads: * China's zinc imports: By Andy HomeLONDON, Jan 8 (Reuters) - Zinc has started the new year with a bang, hitting a fresh 10-year high of $3,380 per tonne in the first week of trading on the London Metal Exchange (LME). The only hi...Read More
In an article penned in MarketWatch today by Myra Saefong, she looks back at historical data to conclude that the rally which began on December 12 of last year up until Friday logged the longest stretch of consecutive gains in gold futures on record. She is comparing it to a point in time in which gains in gold futures resulted in 10 consecutive gains in July 2011. During that period, gold prices...Read More
(Repeats story that ran on Monday)By Tom DalyBEIJING, Jan 8 (Reuters) - As China tightens restrictions on imports of foreign waste, Chinese metal recyclers and even smelters like Jiangxi Copper Co are increasingly looking to use Southeast Asian countries as an alternative location for the processing of copper scrap. China relies on imports for around half of its scrap copper needs but told the Wo...Read More
(Adds details throughout and updates prices to close)* TSX closes down 31.79 points, or 0.19 percent, at 16,317.65* Materials group falls 0.7 percent* Seven of the TSX's 10 main groups end lower TORONTO, Jan 8 (Reuters) - Canada's main stock index retreated on Monday as shares of some materials and financial services companies weighed, offset by gains for marijuana producers.* The Toronto Stock...Read More
(In paragraph six corrects to say higher salt levels of river caused water problems in Flint)By Timothy GardnerWASHINGTON, Jan 8 (Reuters) - U.S. rivers and streams have become saltier and more alkaline over the last 50 years, posing risks to drinking water by damaging pipelines and other infrastructure, according to a study released on Monday.As municipal workers dump salt on roads to combat ice...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session modestly weaker Monday. Some profit-taking and chart consolidation were featured in both metals, after recent good gains. A higherU.S. dollar index on this day also worked against the precious metals market bulls. February Comex gold was last down $2.30 an ounce at $1,320.10. March Comex silver was last down $0.135 at $17.15 an...Read More