Glencore produced 409,000 tonnes of ferro-chrome in the first quarter of 2018, a drop of 7% year on year, attributed to furnace downtime and challenges with its subsequent restart. First-quarter output fell by 30,000 tonnes compared with levels reported in the corresponding period of 2017, Glencore said, based on its 79.5% share in the Glencore-Merafe Chrome Venture in South Africa. On a quarterly...Read More

Afarak has warned it expects to report a loss for the first quarter of 2018, citing a 30% drop in the benchmark price for ferro-chrome, higher raw materials costs and the appreciation of the South African rand.The London and Helsinki-listed mining and metallurgical group, which operates the Mogale Alloys chrome operation in South Africa, expects to report negative earnings before interest, taxes,...Read More

Peru's iron ore production rose 8% year on year in March, led by a positive performance by Shougang Hierro Per??, according to figures released by the country's mining ministry, MEM, on Monday May 7.Production totaled 900,047 tonnes compared with 833,369 tonnes a year earlier.The rise was due to increased output at Shougang Hierro Per??, a subsidiary of China-based Shougang Group - to...Read More

Exports of Brazilian pig iron grew by 65.12% year on year in April, mostly due to increased demand from Mexico and the Netherlands.Shipments totaled 246,432 tonnes, up from 149,245 tonnes a year earlier, according to figures released by Brazilian foreign trade ministry MDIC late on Friday May 4.Brazil exported 66,906 tonnes of pig iron to the Netherlands last month, up from 25,015 tonnes...Read More

Turkish domestic scrap prices remained stable over the past week, in line with the steady imported scrap values for the country, sources said on Monday May 7.The steel producers in the country, along with the major scrapyard Kili??lar Hurda, kept their buy prices for auto bundle scrap unchanged from the week previous.As a result,...Read More

Brazilian iron ore exports to China inched up 1.76% year on year in April as prices fell.Shipments totaled 13.26 million tonnes compared with 13.03 million tonnes a year earlier according to figures released by Brazilian foreign trade ministry MDIC late on Friday May 4.Over the same period,...Read More

Russia's Metalloinvest, the largest producer of hot-briquetted iron (HBI) in the world, increased shipments of the product in the January-March quarter, the company said in its operational report. Metalloinvest shipped 1.189 million tonnes of HBI in the first quarter, a nearly 11% increase from 1.072 million tonnes in the preceding three months and up 73% from 687,000 tonnes in...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $65.67 per tonne cfr China, laycan June...Read More

China's domestic hot-rolled coil prices were mixed on Monday May 7, with the market in the east of the country in positive territory and that in the north, down.DomesticEastern China (Shanghai): 4,200-4,220 yuan ($660-663) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 4,050-4,070 yuan per tonne, down 30 yuan per tonneSpot prices edged up in the eastern market following the earlier gains...Read More

Ferrous futures in China posted further gains during morning trading on Monday May 7 amid spot price increases and China opening up iron futures on the Dalian Commodity Exchange to overseas traders last Friday.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,679 yuan ($578) per tonne, up 44 yuan per tonneOctober hot-rolled coil: 3,765 yuan per tonne, up 44 yuan p...Read More

Brazil's silicon metal export volumes increased 75.6% year on year in April, mostly due to higher demand from Europe.Exports totaled 17,681 tonnes during the month versus 10,067 tonnes in April 2017, according to figures released by Brazilian foreign trade ministry MDIC on Friday May 4. The total is also up slightly from the 17,237 tonnes of silicon metal exported in May...Read More

Chinese silicon export prices edged up last week despite the limited number of trades seen following China's Labour Day break (April 29-May 1), with a greater number of inquiries from regions other than Japan boosting sentiment in the country's export market.Metal Bulletin assessed the China grade 553 silicon export price at $1,910-1,960 per tonne on Friday May 4, up by 0.5% from $1,900-1,950 per...Read More

An overview of China's minor metals markets in the week of May 2-4 and the reasons for any price moves.Read More

The Chinese Stainless Steel Exchange (CSSE) based in Wuxi city, Jiangsu province, is growing in importance as Asia's biggest stainless steel exchange center. Its function in the spot physical market is increasingly crucial for traders, who look to it for daily spot price direction. CSSE has a variety of contracts traded on its platform, including silver, nickel, stainless steel cold-rolled coil, i...Read More

Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has give...Read More

Despite exploration budgets remaining at comparatively high levels in the past decades, geologists have only been able to find a fraction of the gold ounces they discovered in the preceding 18-year period, a new analysis conducted by S&P Global Market Intelligence shows. The financial information and analytics firm said that despite exploration budgets having declined from the ten-year peak in 201...Read More

The Dollar Index has erased all of 2018's losses and is now green from the 12/29/17 close, helped by Euro weakness, driven by soft economic data, especially the reading for Sentix investor confidence...Read full newsRead More

1. Tesla's financials are horrible and worsening even BEFORE massive competition begins arriving later this year; 2. Tesla has no "moat" of any kind; 3.. A "bet on Elon" is a bet on someone who can't be trusted.Read full newsRead More

Rescue teams have yet to reach three miners who were trapped underground after an earth tremor at a Sibanye Gold Ltd. mine in South Africa triggered a cave-in that killed at least four people.Read full newsRead More

A mining company in South Africa says four workers have died and two others are missing after an earth tremor caused a rockfall at a gold mine.Read full newsRead More