The London Metal Exchange's strategic pathway is on track with numerous new developments expected to come to the market over the next few years. When the strategic pathway vision was launched in September 2017, it highlighted a number of areas that the LME wanted to develop or expand, and new contracts that it wanted to present to the market. "When we first launched the strategic pathway we were w...Read More
Flat and long stainless steel product prices in Europe remained unchanged over the past week amid public holidays across Europe, sources told Metal Bulletin on Friday March 5.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was stable week on week at ?,?1,050-1,100 ($1,258-1,318) per tonne delivered in Northern Europe on Friday."Market ac...Read More
China's domestic stainless steel prices dropped mid-week on high selling interest but subsequently recovered most of their losses on good demand and higher nickel charges, leaving prices widened slightly lower from the previous week. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,234-2,328) per tonne includi...Read More
All MB non-ferrous European scrap prices were unchanged on Friday May 4.All MB...Read More
Chinese aluminium alloy producers have forecast imminent price rises for their products after the government slapped a one-month ban on non-ferrous scrap imports from the United States.The Chinese Certification and Inspection Group (CCIC) North America notified US exporters on May 3 that they would be unable to bring non-ferrous scrap into China until June 4."The impact for this industry is huge,"...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan remained stable this week due to unchanged market fundamentals.Metal Bulletin's price assessment for United States-origin HMS 1&2 (80:20) sold into Taiwan remained at $340-343 per tonne cfr on Friday May 4.US-origin scrap was on offer at $343-348 per tonne cfr Taiwan this week, up $3-5 per tonne from the preced...Read More
TORONTO, May 4 (Reuters) - Aluminum producer Alcoa Corp said on Friday that management at its Quebec smelter have notified the provincial labor ministry they are ready to resume mediated contract talks with the United Steelworkers union.The smelter, which produces some 430,000 metric tonnes of aluminum annually, has been operating at reduced capacity by non-union workers since Jan. 11, when 1,030...Read More
Russia's top steelmaker NLMK may be forced to close its U.S. division due to the impact on its business of tariffs introduced by the United States in March.NLMK has applied for an exemption from the tariffs, which the United States maintains are based on national security concerns, and expects a decision on the matter in June.In a letter to the U.S. Department of Commerce dated March 23, 2018, NLM...Read More
Seven power plants have below-minimum coal stock levelsRead full newsRead More
The nameless group confers "a hunting license" that lets an investor sit at the "big boy table and make high-level trades not available to stupid amateurs."Read full newsRead More
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MINING.com editor Frik Els sat down with the chair of the upcoming Resources for Future Generations conference (RFG2018), John Thompson, to discuss trends in mining like responsible sourcing, as well as the conference's drive towards educating consumers about resource issues. John Thompson is currently the Wold Family Professor in Environmental Balance for Human Sustainability at Cornell Universi...Read More
Four miners have died, three remain stuck underground and two are still missing at one of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold mines in South Africa following a quake caused a fall of ground Thursday, trapping a total of 13 workers.Two more quakes were felt Friday near the Masakhane mine, part of the company's Driefontein operations, where three of the workers remained trapped and two u...Read More
World's top diamond producer by output, Alrosa (MCX:ALRS), has got approval from its board to acquire Russian polisher Kristall, the country's largest and one of the world's biggest diamond cutting firms.Alrosa's chief executive Sergei Ivanov has been asked to submit technical specifications for estimating the target's price and so make an offer, Prime Business News Agency reported.It the deal goe...Read More
Global demand for gold dropped between January and March, becoming the weakest first quarter since the 2008 financial crisis, a situation experts attribute to an improved economic outlook and wild swings on world stock markets, which pushed investors to seek safe havens.According to the latest report by the World Gold Council (WGC), a trade group, Worldwide demand for gold totalled 973.5 tonnes in...Read More
https://www.bloomberg.com/How much is a lithium business really worth? Enthusiasts of the metal used in rechargeable batteries are about to find out.FMC Corp. is looking to separate its lithium assets and list a portion of the shares in October, before providing the remainder to FMC shareholders within six months, the Philadelphia-based company said Thursday. It's set to be the first U.S. initial...Read More
The U.S. dollar leaped to its highest levels this year against a basket of currencies on Friday despite disappointing U.S. employment data for April, before dropping back to trade little changed.Read full newsRead More
Beta Hunt Mine Gold Production Increases for Fourth Consecutive QuarterRead full newsRead More
Beta Hunt Mine Gold Production Increases for Fourth Consecutive QuarterRead full newsRead More
Mine operator Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died.Read full newsRead More