Seaborne iron ore trading activity picked up on Wednesday June 20 with bids and trades for Brazilian fines at higher levels.Metal Bulletin 62% Fe Iron Ore Index: $65.49 per tonne cfr Qingdao, down $0.96 per tonneMetal Bulletin 58% Fe Premium Index: $53.61 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $88.30 per tonne cfr Qingdao, up $1.50 per tonneMetal Bulletin...Read More

Due to a technical error, Metal Bulletin's 62% Fe Iron Ore Index and PBF Differential were published incorrectly on Wednesday June 20, 2018. Metal Bulletin has corrected its 62% Fe Iron Ore Index, which was published incorrectly on May 20 due to a technical error. The 62% Fe Iron Ore Index was published at...Read More

Participants in the seaborne coking coal spot market are still staying on the sidelines after sentiment deteriorated earlier this week due to a brewing trade war between the United States and China. "There will be a tender for both a cargo of premium hard coking coal and a shipment of pulverized coal injection (PCI) product tomorrow. There will be more clarity on the market direction if a transact...Read More

Yesterday morning, I woke up to a handful of frenzied news alerts on my iPhone.The headlines pointed to the “plummeting” markets, thanks to the latest round of trade war threats between the Trump administration and China.“Oh brother, here we go again,” I mumbled as I turned on the news channel. The pre-market futures were pointing to a 400 point drop in the Dow to start the...Read More

China's ferrous futures remained subdued during morning trading on Wednesday June 20, with the benchmark contracts ending the session largely unchanged from their opening after experiencing major losses a day earlier.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,786 yuan ($585) per tonne, unchangedOctober hot-rolled coil: 3,880 yuan per tonne, up 6 yuan per ton...Read More

In August - if the gods are kind - this bull market will become the longest in modern history.The "Great Expansion" from November 1990-March 2000 holds the current, jeopardized record.But how much longer can the show run?And how much higher can the S&P rise before the black curtain falls?Today we go crystal-gazing... steal a forbidden glimpse of the future... and report a bizarre vision.First...Read More

A lingering backwardation in the July/August spread has pushed European aluminium premiums down past to levels last seen before the United States imposed sanctions on Russian producer Rusal.The benchmark Rotterdam duty-unpaid P1020 in-warehouse premium fell to $90-100 per tonne on Tuesday June 19, down 39% from a high of $150-165 through April after the sanctions on Rusal.The duty-paid alumin...Read More

China's domestic hot-rolled coil prices were largely stable on Wednesday June 20 with buyers coming to terms with their concerns over the brewing trade war between the world's two biggest economies.DomesticEastern China (Shanghai): 4,260-4,290 yuan ($658-663) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 4,200-4,230 yuan per tonne, unchangedConcerns over the trade spat between China a...Read More

Ferroglobe PLC has entered into a joint development agreement with BioSolar Inc to pursue opportunities in the lithium-ion battery market.Ferroglobe subsidiary Silicio Ferrosolar SLU - based in A Coruna, Spain - will collaborate with BioSolar to develop and market silicon anode materials for high-power, high-energy lithium-ion batteries, Ferroglobe announced."We are excited to partner with&nb...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Metal Bulletin minor metals prices changed on Wednesday June 20:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 51,500-52,000 yuan per tonne from 52,000-52,500 yuan Bismuth MB free market, $/lb: $4.50-5.00 per lb from...Read More

Due to an input error, Metal Bulletin's antimony with bismuth content below 100ppm or "trioxide-grade" in-warehouse Rotterdam price was published incorrectly on Wednesday June 20, 2018. The assessment should have been $8,050-8,300 per tonne, not $8,050-8,350 per tonne as it appeared briefly. Metal Bulletin's price book...Read More

Three-month base metals prices on the London Metal Exchange were up across the board on the morning of Wednesday June 20, with the complex up by an average of 0.3%. Nickel and zinc prices led the way with gains of 0.5%, while copper was up by 0.2% at $6,843 per tonne.This rebound follows yet another day of price weakness on Tuesday that saw the base metals complex drop by an average of 1.7% and th...Read More

June 20, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the intention to spin-out its Cobalt assets located in the Cobalt Camp, Ontario into a standalone public company.Chairman and CEO of Brixton, Gary R. Thompson stated, "Given the recent activity in the Cobalt market with higher prices and strong demand from the electrical vehicle market, we th...Read More

Turkish ferrous scrap import prices edged up slightly on Wednesday June 20, while deep-sea cargoes continued to be booked for a second consecutive day.A steel mill in the Marmara region booked a cargo from Europe, comprised of 200,000 tonnes of HMS 1&2 (75:25), 7,500 tonnes of plate...Read More

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday June 20:Aluminium scrap Cast wheels: ?1,265-1,300 per tonne from ?1,265-1,295 Aluminium ingot...Read More

Mill-grade aluminium scrap prices in the United States have edged lower following declines on the London Metal Exchange, while most smelter-grade scrap prices maintained a steady footing.Prices for mill-grade aluminium scrap fell by 2 cents per lb across the board on Monday June 18, while the price for used beverage cans also dropped by 2 cents, according to American Metal Market's...Read More

"The industry is in crisis," said Chris Griffith, CEO of Anglo American Platinum Ltd., the world's largest producer.The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-...Read More

Mining infrastructure supplier Mineral Resources (ASX: MIN) has bowed to Australia's richest woman, Gina Rinehart, in the battle for junior iron ore miner Atlas Iron (ASX: AGO), by saying Wednesday it would not make an offer to counter her A$390 million ($288 million) cash bid.Fortescue Metals still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sel...Read More

In the Earth full of metals and minerals, not all lithium is created equal. Much of the world's current lithium production is derived from lithium-containing brine extracted from underground pools and concentrated by solar evaporation, the majority of which occurs in South America. Extracting economic lithium concentrate from brine waters involves evaporation in large ponds, is weather dependent,...Read More