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SHFE STOCKS REPORT 09/03: Copper stocks up for sixth week in a row; nickel, tin inventories decline

March 09, 2018 / www.metalbulletin.com

Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses rose for a sixth consecutive week in the week to Friday March 9, while nickel and tin inventories declined.Copper stocks increased 7,808 tonnes to 268,095 tonnes this week, up 3% from the 260,287 tonnes recorded on March 2. Stocks are now up 67% since the beginning of the year. Zhongchu Wusong warehouse in Shanghai saw the...Read More

CHINA HRC: Prices weaken after tariff woes send futures tumbling

March 09, 2018 / www.metalbulletin.com

China's hot-rolled coil prices fell further ahead of the weekend after the paper market tumbled.DomesticEastern China (Shanghai): 3,930-3,960 yuan ($620-625) per tonne, down by 70 yuan per tonneNorthern China (Tianjin): 3,890-3,910 yuan per tonne, down by 50 yuan per tonneChina's ferrous futures plunged with the outlook for the market becoming more bearish after United States President Donald Trum...Read More

PEOPLE MOVES: Daniel Hisshion leaves 5N Plus

March 09, 2018 / www.metalbulletin.com

Daniel Hisshion has left his role as Asian sales director and strategic supply director at 5N Plus, Metal Bulletin has learned.His last day at the company was March 7, 2018. At 5N Plus, Hisshion was in charge of raw material supply of selenium, tellurium, bismuth and indium, and the...Read More

CHINA MINOR METALS REPORT 09/03: Gallium price jumps 13% but bismuth slides

March 09, 2018 / www.metalbulletin.com

An overview of China's minor metals markets in the week of March 5-9 and the reasons for any price moves.Read More

MB NON-FERROUS PRICE CHANGES 09/03: Minor metals

March 09, 2018 / www.metalbulletin.com

The following Metal Bulletin minor metals prices changed on Friday March 9:Minor metals Bismuth MB free market, $/lb: $5.10-5.40 per lb from $5.20-5.40 Bismuth MB China domestic, yuan/tonne: 70,500-71,000 yuan per tonne from 71,000-72,000 yuan Cobalt MB free market high grade,...Read More

MINOR METALS MARKET REPORT 09/03: Tellurium, indium edge up on business at higher end; bismuth dips on competitive US prices

March 09, 2018 / www.metalbulletin.com

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

METALS MORNING VIEW 09/03: Metals prices remain under pressure, no relief in sight yet

March 09, 2018 / www.metalbulletin.com

Base metals traded on the London Metal Exchange are for the most part weaker this morning, Friday March 9. The exception is nickel, where prices are up by 0.2%, while the rest are lower: Zinc (-1%), tin (-0.9%), aluminium (-0.5%), lead (-0.3%) and copper prices are off by 0.5% at $6,792 per tonne.Volume has been high with 13,023 lots traded as of 07.10am London time - high volume and weak prices d...Read More

China's domestic stainless steel prices fall again amid nickel losses

March 09, 2018 / www.metalbulletin.com

Domestic stainless steel prices in China have fallen further over the past week following losses in the nickel market. Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,600-15,300 yuan ($2,304-2,415) per tonne including VAT for the week ended Thursday March 8, against 14,700-15,300 yuan per tonne from a week earlier. Nickel prices on the Londo...Read More

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 09/03

March 09, 2018 / www.metalbulletin.com

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday March 9:Aluminium scrap Floated Frag: ?,?1,270-1,300 per tonne from ?,?1,280-1,310...Read More

Ferrous Scrap Trade Log, March 9, 2018

March 09, 2018 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for ferrous scrap products. ...Read More

Chile approves increase in lithium quota for Albemarle

March 09, 2018 / www.mining.com

SANTIAGO, March 9 (Reuters) - Chile on Friday approved an increase in U.S. miner Albemarle Corp's annual lithium production limit in the salt flats of the Salar de Atacama, freeing the company to take advantage of soaring prices for the the metal used in electric car batteries.The increase, authorized by Chilean development agency Corfo, which oversees the northern Chilean lithium deposits, allows...Read More

Antofagasta's Los Pelambres copper mine workers vote to strike

March 09, 2018 / www.mining.com

Unionized workers at Antofagasta's (LON:ANTO) Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a collective labour agreement."Around 99% of the voting workers voted in favour of a legal strike," Federaci??n Minera de Chile treasurer Dino Saltori said in a statement (in Spanish), adding the union has 447 members.The stoppage will be the first...Read More

Teck restarts Elkview dryer, to lose 200,000 tonnes of coal production

March 09, 2018 / www.mining.com

Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Friday it expects to lose about 200,000 tonnes in coal output due to an almost two-month interruption at its Elkview coal mine in British Columbia.The Vancouver-based miner, which confirmed the restart of the mine's drying complex, said repairs will cost less than $10 million, in line with previous estimates.F...Read More

Guatemala delays ruling on Tahoe's Escobal mine reopening

March 09, 2018 / www.mining.com

The Constitutional Court of Guatemala will take longer than expected to decide whether precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) can resume operations at its Escobal silver mine, the company said.While Tahoe has not yet received the formal resolution, it said the delay is in part because the judge requires certain information that has to be provided within 15 business days b...Read More

How vanadium-coated smart glass saves energy

March 09, 2018 / www.mining.com

Smart glass windows made with vanadium are capable of saving more energy by stopping thermal radiation from escaping and, thus, preventing heat loss during the winter, and by avoiding infrared radiation from the sun from entering the building during the summer.This is according to a compilation of studies made public today by VanadiumCorp Resource (TSX-V:VRB). The Vancouver-based company owns 100%...Read More

More countries want to be exempt from Trump's tariffs

March 09, 2018 / www.mining.com

As U.S. President Donald Trump signed proclamations Thursday imposing 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada, other nations have expressed their desire to join the lucky duo.European Trade Commissioner Cecilia Malmstrom said that the EU was a close ally of the United States and should also be exempt from metals tariffs.On t...Read More

Tahoe invests in Timmins: Grows in low-risk jurisdiction (Canadian Mining Journal - February 2018)

March 09, 2018 / republicofmining.com

http://www.canadianminingjournal.com/Timmins, Ont.-based junior Lake Shore Gold was acquired by Tahoe Resources in 2016 in a friendly, all-stock deal valued at close to $1 billion.For Tahoe, which already had mines in Guatemala and Peru, the merger brought new gold production, exposure to a low-risk jurisdiction in an established gold camp, and diversification."The combination with Lake Shore Gold...Read More

RT @jacquelinemh85: #IronOre prices are forecast by @Barclays #Commodity Research to fall in the June quarter

March 09, 2018 / bit.ly

Strong sell-off expected in the June quarterRead full newsRead More

Exxaro shareholders rewarded after chemical division sale |

March 09, 2018 / bit.ly

Coal miner rewards shareholders after Tronox stake saleRead full newsRead More

#TEPCO Admits #Fukushima-Radiation-Blocking "Ice Wall" Is Failing | Zero Hedge

March 09, 2018 / www.zerohedge.com

TEPCO sunk 34.5 billion yen ($324 million) in public funds into the project... so far!Read full newsRead More

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