The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $62.50 per tonne cfr China, laycan July 15-24.Beijing Iron Ore Trading...Read More
NEW YORK (Reuters) - Struggling health sector shares and U.S.-driven trade confrontations capped gains in global stocks and drove down safe-haven U.S. Treasury and German Bund yields on Thursday, while financial companies boosted Wall Street.Wall Street was slightly higher in afternoon trading, but gains were largely capped by plummeting shares of drug distributors and retailers after Amazon annou...Read More
Mainstream iron ore prices stayed rangebound on Thursday June 28 while high-grade lumps and fines were able to fetch higher premiums.Metal Bulletin 62% Fe Iron Ore Index: $64.44 per tonne cfr Qingdao, down $0.16 per tonneMetal Bulletin 58% Fe Premium Index: $52.02 per tonne cfr Qingdao, down $0.47 per tonneMetal Bulletin 65% Fe Iron Ore Index: $91.10 per tonne cfr Qingdao, up $0.50 per tonneMetal...Read More
(Reuters) - U.S. stocks swung between gains and losses on Thursday, as Amazon’s foray into drug retailing whipped the healthcare sector, while a rise in financial stocks for the first time in 14 days cushioned the markets.Amazon.com said it would buy online pharmacy PillPack, a move that will put the online retail giant in direct competition with drugstore chains, drug distributors and pharm...Read More
A cargo of premium hard coking coal fetched a significantly higher price on Thursday June 28, though market participants have dismissed the transaction as one-off. The August-laycan cargo of a top Australian brand was sold at $211 per tonne cfr China to an end-user in northeastern China.Market participants were unanimous with the notion that it was "tough" for premium hard coking coal to trade any...Read More
China's ferrous futures fluctuated in a small range during morning trading on Thursday June 28. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,738 yuan ($566) per tonne, down 10 yuan per tonne October hot-rolled coil: 3,873 yuan per tonne, down 3 yuan per...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an increase to 220,000 from 218,000 last week. Actual was 227,000. Consensus for updated first quarter GDP was unchanged from the previous annualized estimate...Read More
CVG Venalum has halted at least one shipment to a United States-based customer while the company deals with allegations that its senior management was involved in a money-laundering and drug trafficking scheme using the plant as cover, a person familiar with the matter told Metal Bulletin. The Venezuelan state-owned firm was recently named in a US Department of the Treasury's Office of Foreign Ass...Read More
The latest news and price moves to start the Asian day on Friday June 29.Base metals prices on the London Metal Exchange closed mostly in negative territory on Thursday June 28, with only zinc defying the trend. Read more in our live futures report.Here are how prices looked at the close of trading:Worldwide Warehouse Solutions (WWS) is closing down its European operations by the end of...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.Surprise! Fat is actually good for you and also a necessary part of a healthy diet. So writes Nina Teicholz, an investigative science journalist and former vegetarian of 25+ years, in her must-read book, The Big Fat Surprise: Why Butter, Meat, and Cheese Belong in a Healthy Diet. When it comes to books taking...Read More
Hedge fund legend Julian Robertson loves shares of the Canadian airline Air Canada (ACDVF), and it isn’t hard to see why.Shares of this dominant Canadian carrier trade for just three times earnings. That is a fraction of the valuation that the market currently assigns to Air Canada’s peers that operate south of the border.It makes you wonder how Air Canada slipped past another legendar...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday June 28*Copper -$115.53 (-765.98 yuan) Aluminium -$533.77 (-3,538.90 yuan) Zinc $10.73 (71.16 yuan) Nickel -$363.72 (-2,411.47 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More
China's domestic hot-rolled coil prices rose further on Thursday June 28 after rebounding a day earlier, returning to levels market participants considered as "normal" amid a balance between supply and demand.DomesticEastern China (Shanghai): 4,250-4,270 yuan ($644-647) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 4,160-4,170 yuan per tonne, up 10-40 yuan per tonneThe recovery snapp...Read More
Zinc prices on the London Metal Exchange climbed 1.5% during morning trading, buoyed by a fresh cancelation of more than 15,000 tonnes in New Orleans, while a healthy US dollar index adds further pressure to the complex. Pushing back above $2,900 per tonne over the morning, zinc prices are taking a positive turn, pushing higher against a 6% drop in on-warrant stock levels. The metal's technical fo...Read More
Steelmakers around the world can improve their plant performance, safety and product quality by further digitizing their processes, delegates at the Asian Stainless Steel Forum 2018 heard on Thursday June 28.Mills could automate their electric-arc furnaces (EAFs) and converters, deploying smart sensors and collecting big data to improve processes, Zhai Yuyou, director of sales at technology provid...Read More
East Asia's stainless steel prices held steady over the past week amid an illiquid spot market.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,240-2,300 per tonne cif East Asian ports for the week ended Wednesday June 27, unchanged from a week earlier.Metal Bulletin's assessment of prices for benchmark 304 stainless trimmed hot-rolled sheet was...Read More
Key data from the Wednesday June 27 pricing session in Shanghai.Key drivers - An accumulation of scrap material at US ports following the temporary shutdown of the North American division of the China National Certification and Inspection Group pushed US exporters to lower their prices to facilitate sales and clear their inventories. - The resultant heavy scrap flows entering China from the US pre...Read More
CALGARY, Alberta, June28, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that its unaudited interim consolidated April 30, 2018 financial statements have been filed on SEDAR.All of the Company's material subsidiaries are wholly owned, except for Carmax Mining Corp. ("Carmax") (TSX-V:CUX), of which the Company owns 45....Read More
A team of Colorado School of Mines students won the grand prize at NASA's collegiate deep space competition, beating out 13 other undergraduate and graduate student teams from around the U.S. and the world.Judges at the 2018 Revolutionary Aerospace Systems Concepts - Academic Linkage (RASC-AL) competition awarded Project POSEIDON - short for Polar Sample Extraction In-situ Drilling Operations Net...Read More
Diptak Bhattacharya, a doctoral student in the Metallurgical and Materials Engineering Department, was named the winner of the 2018 Materials Literature Review Prize by the Institute of Materials, Minerals and Mining (IOM3) on June 21.Bhattacharya beat six other finalists, selected from nearly 100 entries, after making a technical presentation at the international competition in London. His scient...Read More