China's ferrous futures continued to edge up during morning trading on Tuesday April 24, with strengthening domestic demand supporting the physical steel market. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,584 yuan ($568) per tonne, up 27 yuan per tonne October hot-rolled coil: 3,701 yuan per tonne, up 5 yuan per tonne Dalian Commodity Exchange September iro...Read More

The latest news and price moves to start the Asian day on Wednesday April 25.Base metals prices on the London Metal Exchange were broadly lower at the close of trading on Tuesday April 24, with aluminium and nickel continuing to drop while copper bucked the trend. Read more in our live futures report.Here are how prices looked at Tuesday's close:Alumina prices set a fresh multiyear high on April 2...Read More

The latest metal markets news and price moves to start the North American day on Tuesday April 24. Base metals on the London Metal Exchange remained broadly firm during morning trading, with the aluminium price the only downward mover.Reaching a low of $2,213 per tonne, the light metal's price tumbled after spending the majority of last week around the $2,500 per tonne mark.Here is how the LME bas...Read More

China's domestic rebar prices edged up further on Tuesday April 24 on rising futures, but trading activity has thinned. Domestic Eastern China (Shanghai): 3,880-3,920 yuan ($615-621) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,740-3,770 yuan per tonne, narrowed upward by 10 yuan per tonne Rebar futures continued to strengthen during the day, albeit at a less rapid pace as Monday, w...Read More

Base metals on the London Metal Exchange remained broadly firm during morning trading on Tuesday April 24, with the aluminium price the only downward mover. Reaching a low of $2,213 per tonne, the light metal's price tumbled after spending the majority of last week around the $2,500 per tonne mark. Aluminium's three-month price took a hit on Monday afternoon after the United States announced...Read More

China's domestic hot-rolled coil prices continued to rise on Tuesday April 24 following early gains in the futures market.Domestic Eastern China (Shanghai): 4,080-4,120 yuan ($647-653) per tonne, up 20-30 yuan per tonne Northern China (Tianjin): 3,990-4,020 yuan per tonne, up 40-50 yuan per tonne HRC futures rose to a high of 3,708 yuan per tonne during the day - 1.7% higher than the Monday's sett...Read More

China will lead the electric vehicle (EV) battery chemistry evolution - moving from popularized nickel-cobalt-manganese (NCM)523 and NCM622 batteries to the NCM811 battery, while the West would keep NCM622 for longer, according to speakers at Metal Bulletin's Battery Materials Conference, held in Shanghai from April 18-19.The adoption of high nickel-content EV batteries will happen much faster in...Read More

Summary of China's minor metals exports and imports in March 2018.Unwrought bismuth metal exports Month total: 263 tonnes Month-on-month change: +17.41% Year-on-year change: +70.44%* Wrought bismuth metal exports...Read More

Base metals prices on the London Metal Exchange are for the most part firmer this morning, Tuesday April 24. The exceptions are aluminium (-0.8%) and tin (-0.1%), while the rest are up by an average of 0.4%, with three-month copper prices up by 0.5% at $6,963 per tonne.On Monday, the United States Treasury's decision that it will not impose secondary sanctions on non-US market participants for doi...Read More

China has granted import quotas for copper scrap this year that are reduced by 83.7% from a year ago, in its first 10 rounds of approvals for solid waste import licenses, according to calculations made by Metal Bulletin.Licenses for total imports of 463,916 tonnes of copper scrap (HS code 7404.0000.10) have been granted so far in 2018, compared with 2.84 million tonnes a year ago, according to off...Read More

Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More

The odds of a contrarian buy signal for gold are even more remote today than they were six weeks ago.Read full newsRead More

Iron ore operations in Brazil only expected to return in December quarterRead full newsRead More

Caterpillar Inc. began the day euphorically, with shares rallying as the machinery giant beat earnings estimates and raised its own forecast. That all changed when management signaled the first quarter might be as good as it gets.Read full newsRead More

And just like that the bullish oil case may have been exhausted...Read full newsRead More

While the two main European leaders this week with the goal of pushing President Trump off his position to end the Iran Nuclear Deal, or JCPOA, it is the bigger issues of energy security that will be the real focus.Read full newsRead More

South Africa's Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.In a press release, Anglo American's (LON:AAL) subsidiary revealed that the growth was driven entirely by a 26 per cent increase at its Kolomela iron-ore mine, situated near Postmasburg town. The asset supplied 3.5 million tonnes of mineral during the first three months...Read More

FocusEconomics' April 2018 Consensus Forecast for Commodities shows a moderate downward trajectory for thermal coal in Q4 2018. Newcastle export prices are expected to drop to $88.00 a tonne because of new measures taken by the Chinese government to up production at domestic coal mines, suppressing the surge in import prices.Thermal coal prices peaked in January, reaching a one-year high of $109.0...Read More

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most...Read More

Canada's Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday.Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan's largest gold mine, and though it did not disclosed the sum, said the deal would also in...Read More