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Needed - upstream strategies to win back investors

May 16, 2017 / www.woodmac.com

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts. Building a case for long-term sustainability'Underwhelmed' sums up investors' indifferent response to the Majors' Q1 results. The flicker of positive share price movement barely made an impression on the collective 16% underperf...Read More

GLOBAL TIN WRAP: Shanghai import arb narrows but premiums hold; US, European spot demand weakens

June 18, 2020 / www.metalbulletin.com

Global tin premiums were broadly static in the fortnight to Tuesday June 16, with a narrowing import arbitrage window for shipment into China doing little to sway weak demand conditions, and forward spreads continue to deter business elsewhere. Shanghai buying appetite reduces amid narrowed arbitrage.  US premiums remain flat but weakening demand, widening backwardation expected to hit premiu...Read More

European Aluminium calls for action on subsidized production

June 18, 2020 / www.metalbulletin.com

European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies in the European Union (EU) single market and said the region's aluminium industry is buckling under the pressure of subsidized excess capacity from China.The EC can help create a level playing field for the industry in Europe and must rapidly translate the ambitions of its recently...Read More

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

June 18, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Demand outlook revisedWe are not surprised to see aluminium prices retreat from last week's high after flagging up in recent reports that they had become overbought. 'Sell-the-rally' traders will be targeting the April high now, down at $1,534 per tonne. This week we have reviewed our aluminium demand forecasts fo...Read More

GLOBAL NICKEL WRAP:Thin buying interest keeps premiums flat in all regions

June 18, 2020 / www.metalbulletin.com

Global nickel premiums were flat in the week to Tuesday June 17, with lackluster demand for physical nickel affecting all regional markets and tempering premiums as a result. Widening arbitrage loss suppresses China buying interest European sentiment mixed in subdued trading conditions US trade rangebound in oversupplied market European sentiment mixed in uncertain marketLackluster physical demand...Read More

GLOBAL ZINC & LEAD WRAP: Taiwanese primary lead premium slumps as supply hits

June 18, 2020 / www.metalbulletin.com

The 99.99% cif Taiwan lead ingot premium dropped in the week to Tuesday June 16 after more material came on to the spot market, while premiums for zinc globally were stable to weaker in quiet trading conditions. Supply from India hits Taiwan primary lead premium. Zinc premiums dip in Shanghai after import arbitrage closes. Consumers are starting to resume contractual deliveries, with lit...Read More

EUROPE HRC: Market remains slow; mills expected to increase offers

June 18, 2020 / www.metalbulletin.com

European buyers of hot-rolled coil are anticipating price increases from domestic steelmakers after definitive safeguard measures come into force, sources told Fastmarkets on Wednesday June 17.Activity in the European HRC market has remained slow this week due to ample stocks among distributors and persistently weak demand from end consumers.Fastmarkets' daily steel HRC index, domestic, exw Northe...Read More

EUROPE CRC: Domestic prices inch down in slow market

June 18, 2020 / www.metalbulletin.com

European domestic prices for cold-rolled coil declined over the past week due to limited trading activity, sources told Fastmarkets on Wednesday June 17.Fastmarkets' weekly price assessment for steel cold-rolled coil, domestic, exw Northern Europe, was ?,?480-490 ($542-554) per tonne on June 17, down by ?,?5 per tonne week on week from ?,?485-495 per tonne ex-works.The assessment was based on achi...Read More

US Steel Kosice restarts blast furnace, hot-strip mill in Slovakia

June 18, 2020 / www.metalbulletin.com

Slovakia's US Steel Kosice has restarted its blast furnace No1 and a hot strip mill idled in late May due to maintenance, the company said in a second-quarter report.In the second half of May the subsidiary of US Steel idled blast furnace No1 (1.2 million tonnes of pig iron per year) to adjust output due to maintenance at its hot-strip mill (4.2 million tpy), which was originally schedul...Read More

EUROPE PLATE: Domestic prices fairly stable, mills seeking price increases

June 18, 2020 / www.metalbulletin.com

Domestic prices for heavy steel place in Europe have been fairly stable over the week, but some mills have started to increase offers due to higher production costs, sources told Fastmarkets on Wednesday June 17.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?410-430 ($463-486) per tonne on June 17, widening up from ?,?410-425 per tonne a week ear...Read More

US wire rod price flat; sentiment weakening

June 18, 2020 / www.metalbulletin.com

Wire rod prices in the United States were stable after rising lastmonth, but downward pressure has been mounting with Covid-19 pandemic-related uncertainty continuing to cast a pall over buying activity in the domestic market. Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $30-31 per hundredweight ($600-620 per short ton) on Tuesday June 16,...Read More

Long-time CFO Beaven to leave company

June 17, 2020 / www.mining-journal.com

Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesLamont joined CSL from MMG in late 2015. Before that, he was CFO of OZ Minerals, PaperlinX and Incitec Pivot.Between 2001 and 2006, Lamont w...Read More

Markets pause to evaluate impact of Covid-19 secondary waves

June 17, 2020 / www.metalbulletinresearch.com

Markets were mixed this morning, Wednesday June 17, while bullish sentiment continues to be fueled by government liquidity and stimulus but Covid-19 concerns and economic reality remain headwinds.* Asian-Pacific equity markets were mixed this morning, but pre-market major western equity index futures were weaker. * Passenger car registrations in the European Union fall by 52.3% year on year in May...Read More

PolyMet granted another Supreme Court review

June 17, 2020 / www.mining-journal.com

Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt said yesterday the Minnesota Supreme Court had granted review of a Court of Appeals' March 23 ruling regarding an air permit, which had been sent back to state regulators for further evaluation.Read More

EUROPE WIRE ROD: Prices static in south, decline in north

June 18, 2020 / www.metalbulletin.com

Prices for steel mesh-quality wire rod were broadly stable in the south with Italian producers considering increases, while in the north of Europe prices declined slightly on thin trading, sources told Fastmarkets on Wednesday June 17Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?420-440 ($475-497) per tonne on Wednesday June 17,...Read More

Nevada Copper aims for Q3 restart

June 17, 2020 / www.mining-journal.com

Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt had suspended processing at its fledgling operation in April due to the impact of COVID-19.The company had begun the phased remobilisation of plant personnel and was targeting a processing restart in August, it said yesterday.Artemis all set thanks to unique approachSPONSOREDartemis resourcesMeanwhile it had made "considerable p...Read More

Regulus eyeing Coimolache sulphide PFS

June 16, 2020 / www.mining-journal.com

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe PFS results may give a clear indication of the future development potential of the sulphides in the area, and add to the potential for Coimalache seeking a transaction with Regulus.Read More

Tech Talk for Wednesday June 17th 2020

June 17, 2020 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade.U.S. equity index futures were virtually unchanged following release of the May Housing Starts report at 8:30 AM EDT. Consensus was 1.095 million units versus 934,000 units in April. Actual was an increase to 974,000 units.The Canadian Dollar was virtually unchanged at 73.84 following rel...Read More

US stainless scrap prices retreat in stagnant market

June 18, 2020 / www.metalbulletin.com

Most stainless scrap prices in the United States have moved lower week on week, with the market losing its upward momentum amid concerns over a possible second wave of Covid-19, the seasonal summer slowdown, limited supply and weakening demand."There has been no change in supply or demand conditions, and the London Metal Exchange cash nickel has not changed significantly from last week to warrant...Read More

DAILY STEEL SCRAP REPORT: Prices stable after fresh US booking

June 18, 2020 / www.metalbulletin.com

Turkish steel producers continued to book deep-sea scrap for July shipment at steady prices on Wednesday June 17, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 17,000 tonnes of HMS 1&2 (80:20) at $267 per tonne cfr and 15,000 tonnes of shredded at $272 per tonne cfr.Following the news of the US transaction, the change in the daily scrap indices was on...Read More

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