Guilty of going after tonnages and pursuing growth at any cost during bull times, the world's mining companies have suffered a wave of CEO replacements, with shareholders demanding more capital austerity and returns in the form of dividends and share buybacks.By 2016, the mining industry had given back all the value created during the Chinese growth cycle and 'capital discipline' became the new ma...Read More

Why is zinc expected to see significantly higher zinc prices later this decade?A spate of scheduled mine closures, an underdeveloped project pipeline and steady demand growth is expected to provide the basis for significantly higher zinc prices later this decade.In 2015, the world's largest zinc miner, Glencore, made the decision to cut production by the equivalent of 4% of global output. As a con...Read More

Katanga Mining has named Samuel Rasmussen its chief operating officer - he replaces Deon Garbers, who resigned last month.Rasmussen has significant copper processing and mining experience in large-scale open pit and underground operations, having served in various management roles for companies including Freeport-McMoRan in the Democratic...Read More

Juli??n Gonzalez has left his position as global head of refined zinc and lead trading at Trafigura, being replaced by Kyen Resources' European chief Matt Hadfield who will start next week, sources close to the company told Metal Bulletin. Gonzalez started in a junior-middle office role at Trafigura in 2009 and worked his way through the ranks to head up the key position. Hadfield will be re-...Read More

Comex copper prices bounced back from a one-year low in US morning trading on Monday July 9, with a softer dollar and equity recovery supporting the base metals complex. Copper for September settlement on the Comex division of the New York Mercantile Exchange recovered 2.15 cents or 0.8% to $2.8455 per lb. Last week, the red metal traded at the lowest point since July 2017. "The outlook across the...Read More

Joe Raia has joined Chicago-based futures brokerage and clearing firm RJ O'Brien & Associates (RJO), as managing director of global commodity futures. Raia is responsible for building out RJO's energy and metals clearing and execution business globally in futures, options and cleared over-the-counter (OTC) products. This includes expanding the firm's breadth and expertise in a wide...Read More

The latest news and price moves to start the Asian day on Tuesday July 10.Base metals prices on the London Metal Exchange made a notable recovery from recent lulls at the close of trading on Monday July 9, with only zinc and lead finishing lower. Read more in our live futures report.Here are how prices looked at the close of trading:The Federation of Copper Workers in Chile has rejected copper pro...Read More

Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game.  What challenges do they face that oil and gas companies might learn from? I asked Julian Kettle, Vice Chairman of Metals and Mining Research, to share his thoughts. A battle...Read More

Principal hot-rolled (HR) and cold-rolled (CR) steel sheet suppliers to Russia's central region, around Moscow, have again cut offers to spark sales. Metal Bulletin's weekly assessment of Russia-origin 4mm HR sheet prices to 42,800-42,980 roubles ($679-682) per tonne cpt Moscow on Monday July 9, including VAT, from 43,700-43,900 roubles a week before, considering the 1,000 roubles-per-tonne b...Read More

What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive reception of results that clearly demonstrated the extent of the upstream performance improvement underway.It's a sad, sad situation. Three things in the 2017 results sto...Read More

CIS export slab prices jumped by $15-20 per tonne over the week ended Monday July 9 with mills increasing their offers on August-rolling material, following the positive trend in the finished flat steel segment in recent weeks.Reduced global availability of slabs was another reason for the higher offer prices. This was itself a result of scheduled maintenance outages at some CIS mills in the third...Read More

Turkey's output of steel end-products increased by 10.50% year-on-year in January-May 2018, while consumption increased by 15.20%, according to data recently published by the Turkish Steel Producers' Assn (T???oeD).Turkish steel end-product output reached 17.40 million tonnes in the first five months of 2018, while consumption was 15.40 million tonnes.The country produced 10.70 million tonnes of l...Read More

The latest metal markets news and price moves to start the North American day on Monday July 9. Base metals on the London Metal Exchange were mostly higher during morning trading on Monday July 9, rebounding against positive US data last week and a broad recovery in global equity markets.Climbing 1.6%, copper's three-month price made the largest recovery after closing at its lowest point...Read More

Singapore rebar import prices dropped over the past week on weaker demand from end users.Buyers were staying on the sidelines, with many citing falling domestic and export prices as the key reasons for holding back."Given the falling prices in China, it would not be an ideal time for a buyer to secure any cargoes now," a major fabricator in Singapore said.Negotiation levels have dipped, with buyer...Read More

 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% underperformance against the stock market so far in 2017. This despite trouncing expectations as upstream 'delivered' for the first time in nine quarters.What do they have to...Read More

China's export prices for hot-rolled coil continued to drop on Monday July 9 with Chinese mills shifting their focus overseas following the yuan's recent depreciation, though the domestic market recovered some losses during the day.DomesticEastern China (Shanghai): 4,200-4,220 yuan ($632-635) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,090-4,120 yuan per tonne, up 10-20 yuan per...Read More

Gold futures gained $2.60 in trading today and is currently fixed at $1,258.40. Gold traded to the highest level in the last eight days when, on an intraday basis, it traded to $1,266.90.Although the dollar finished in positive territory, it was dollar weakness that was the underlying factor taking gold prices to their intraday high. As in previous weeks, gold pricing continues to be most influenc...Read More

(Kitco News) - Gold and silver prices are modestly higher in early-afternoon U.S. trading Monday. Mild support comes from some bargain hunting in the cash market and short covering in the futures market, following recent losses that drove the two precious metals prices to multi-month lows last week. The metals were well down from their daily highs as the U.S. dollar index recovered early losses to...Read More

The global crude landscape is being upended by surging US crude oil production flowing into international markets.The North America Crude Markets Service provides context and analysis of the entire US crude value chain - from upstream production, midstream infrastructure, downstream demand centres and crude price trends. The service enables you to connect the dots on the rapidly evolving role US c...Read More

(Kitco News) - Geopolitical uncertainty is causing gold prices to spike in the United Kingdom as investors react to two high-profile resignations Monday.Spot gold, priced in British pounds, has spiked higher and is holding on to gains as uncertainty ripples through the country following the resignation of Brexit Minister David Davis and British Foreign Minister Boris Johnson. Spot gold against the...Read More