Iron ore prices at ports in China softened on Thursday May 10 while those for seaborne cargoes picked up some strength.Metal Bulletin 62% Fe Iron Ore Index: $66.83 per tonne cfr Qingdao, up by $0.37 per tonne Metal Bulletin 58% Fe Premium Index: $54.40 per tonne cfr Qingdao, up by $0.11 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.20 per tonne cfr Qingdao, unchangedMetal Bulletin 62% Fe Chi...Read More

The seaborne coking coal market was largely stable on Thursday May 10 after participants withdrew to the sidelines. Market sources said that a miner had offered a cargo of premium hard coking coal via a tender that was to have concluded at 6pm Singapore time, which is beyond the 5.30pm cut-off time for data collection for Metal Bulletin's daily coking coal indices.Metal Bulletin has proposed that...Read More

Chinese ferrous futures remained subdued during morning trading on Thursday May 10, ending the session little changed from their opening prices after the physical steel and iron ore markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,587 yuan ($564) per tonne, unchanged October hot-rolled coil: 3,682 yuan per tonne, down 5 yuan per ton...Read More

A 109-day queue for aluminium out of the ISTIM warehouse in Port Klang developed last month following a series of large cancelations on the London Metal Exchange, according to LME data released on Thursday May 10. On-warrant aluminium stocks in Port Klang fell 66% during April leaving just 110,496 of available stock at the ISTIM warehouse. The cancelations followed the announcement of US sanctions...Read More

Silver futures would complement the gold futures that already trade on Hong Kong Exchanges & Clearing (HKEX), chief executive officer Charles Li said in an interview with Metal Bulletin ahead of LME Asia Week.As well, the London Metal Exchange is considering options for LME precious metals as well as hot-rolled coil contracts, Li added.The LME and the World Gold Council teamed up to launch the LME...Read More

Key data from the Wednesday May 9 pricing session in London.Key data from the Wednesday May 9 pricing session in London.Key drivers: - Lack of demand from downstream industries in China due to potential trade war between the United States and China - Surplus of material...Read More

Large-scale tellurium supply commitments to United States-based solar panel manufacturer First Solar could bolster prices for the metal, with some market participants expecting these undertakings to leave the market short a significant amount of spot supply. Canada-based 5N Plus last week announced a three-year contract to supply First Solar with tellurium through to 2021. Although the Canadian fi...Read More

Key data from the Wednesday May 9 pricing session in Shanghai.Cobalt metal - Falling cobalt metal futures prices in China dampened sentiment in the domestic spot market, resulting in lower spot quotations.- The May cobalt contract price on the Wuxi Stainless Steel Exchange in China closed at 573,500 yuan ($90,028) per tonne on Wednesday, down from 623,500 yuan per tonne a week earlier.- Sentiment...Read More

Base metals prices on the London Metal Exchange were more negative than positive on the morning of Thursday May 10, with all of the metals, except for tin (+0.2%) and lead (0.0%), down by an average 0.6%. Aluminium prices led the decline with a 1.1% drop to $2,330 per tonne, while copper prices were down by 0.1% at $6,811 per tonne.Volume on the LME has been below average, with 4,769 lots traded a...Read More

East Asia's stainless steel market strengthened slightly over the past week, with elevated nickel prices keeping mills under pressure to raise their offers.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,230-2,310 per tonne cif East Asian ports for the week ended Wednesday May 9, up $10-60 per tonne from a week earlier. Metal Bulletin's assessm...Read More

Chinese aluminum ingot ADC 12 export prices to main Japanese ports (MJP) hit a six-week high on Wednesday May 9 following the one-month ban on US scrap imports to China, while consumers have looked for alternatives amid rising Chinese prices. Metal Bulletin's price assessment for Chinese aluminium alloy ADC 12 delivered to MJPs jumped to $2,000-2,100 per tonne on Wednesday from $1,970-1990 pe...Read More

Key data from the Wednesday May 9 pricing session in Shanghai.Please click on the above tables to view more in-depth pricing data about these assessments in Metal Bulletin's price book.Key drivers - Export prices rose to a six-week high on concerns that supply of scrap raw materials used in the production of ADC 12 aluminium ingot could tighten after the Chinese government slapped a one-month ban...Read More

In an official event that included Canada's Prime Minister, Justin Trudeau, Qu?(C)bec's Premier, Philippe Couillard, and Apple's CEO, Tim Cook, Alcoa (NYSE: AA) and Rio Tinto (ASX, LON:RIO) announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.At the event, executives from the compani...Read More

The U.S. International Trade Commission said on Thursday it had made a preliminary finding that U.S. producers were being harmed by imports of steel automotive wheels from China.The decision follows an announcement last month by the U.S. Commerce Department that it had opened an investigation to determine if certain steel wheels from China are dumped in the United States and whether producers in C...Read More

Youga and Balogo addition boost volumesRead full newsRead More

...the Minister of State and Labor, said, it is "a worrisome sanitary situation."Read full newsRead More

"This will be bad news for criminal gangs, terrorists and those who are just trying to cheat on their tax or get a discount for letting someone else cheat on their tax...It's not clever. It's not OK. It's a crime."Read full newsRead More

Is China catching up?Read full newsRead More

Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More

Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More