Crises can take numerous forms for miners, from earthquakes and social unrest to disease outbreaks and the breakdown of infrastructure such as dams or power circuits, to name just a few.When mining companies lack a disciplined approach for managing crises, the consequences can prove devastating. Workers' safety and lives may be threatened. A company can lose its licence to operate at a particular...Read More
Base metals prices on the London Metal Exchange closed the week in negative territory on Friday March 23, with zinc the only metal to increase by the close. Nickel prices were the worst affected, losing $240 per tonne at the close - despite a 10,278 tonne cancellation in Johor.Yesterday, President Donald Trump signed off on import tariffs for Chinese products - this triggered further worries of a...Read More
SHANGHAI, Mar 23 (SMM) – The growth rate of global copper ore output is expected to rise back to 3.3% in 2018, said SMM senior analyst Ye Jianhua. Given copper ore supplies in 2017 and price increases, the supply of copper ore in unlikely to be significantly affected in 2018, even as some 40 salary negotiations would occur at overseas miners this year.China's demand for overseas ore...Read More
The ratings agency says international sanctions on Russia have certainly exacerbated its domestic economic pain since the country was plunged into recession in 2014 by low commodity prices.But Putin's government has done "little to address the weak spots"."Experience tells us that Vladimir Putin's fourth presidential term, which he won Sunday, will likely not bring a sea change in economic policy...Read More
The base price assessments for flat and long stainless steel products in Europe have gone unchanged this week in a slow market, sources told Metal Bulletin on Friday March 23.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was stable over the week at ?,?1,050-1,130 ($1,295-1,393) per tonne delivered in Northern Europe on Friday."Market activity w...Read More
SHANGHAI, Mar 23 (SMM) – LME copper prices are set to trade in the range of $6,400-7,800/mt in 2018 while SHFE copper at 49,000-60,000 yuan/mt, according to SMM senior analyst Ye Jianhua. Prices are also expected to stay in an upward trend this year, he told delegates at the SMM Copper Aluminium Summit in Shanghai on Friday March 23. For editorial queries, please contact Daisy Ts...Read More
BRUSSELS (Reuters) - British Prime Minister Theresa May welcomed on Friday the approval by European Union leaders of a 21-month transition period to help business adapt after Brexit, telling the bloc to ride the “new dynamic” in looming trade talks.EU leaders also formally adopted on Friday their joint negotiating stance on a future trade relationship with Britain after it leaves the b...Read More
The latest metal markets news and price moves to start the North American day on Friday March 23. Most base metals opened lower on the London Metal Exchange on Friday March 23, after US President Donald Trump's latest round of tariffs raised concerns of an impending trade war. Nickel was the worst performer, down $150 or 1.1% to $13,040 per tonne. Zinc was the only metal in the positive,...Read More
SHANGHAI, Mar 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs trade tensions between the US and China intensified overnight, the US dollar fell and hovered at 89.7.Most base metals closed lower given the simmering trade war. SHFE nickel slipped over 2%, copper dropped 1%. LME nickel slumped 2.6%, and copper, lead, zi...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Friday March 23.Base metal prices on the Shanghai Futures Exchange traded sharply lower during Asian morning trading on Friday after United States President Donald Trump signed off on import tariffs for Chinese products, triggering fears of a global trade war and slowdown in global economic...Read More
SHANGHAI, Mar 23 (SMM) –Copper: As prospects of a trade war loomed, prices for copper are likely to edge down in the near future with pressure from short bets. We see LME copper trading at $6,630-6,700/mt, and SHFE copper at 50,000-50,400 yuan/mt today. Spot discounts are seen at 200-120 yuan/mt as consumers are eager to restock.Aluminium: Increasing US trade protectionism dragged alumi...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Section 232The European steel association Eurofer is calling for quota-based safeguard trade measures even though the EU has been temporary exempted from Section 232 import tariffs in the United States. The impact of the United States' Section 232 aluminium import tariffs on Asian aluminium...Read More
"In 2017 we had a 100% success rate," an ebullient Paul Welch told Proactive.The SDX Energy (LON:SDX CVE:SDX) chief executive today reported revenues tripled in an 'exceptional year' that included the Circle Oil acquisition and additional assets added to Morocco and Egypt.SDX is looking at another 'fantastic' year in 2018, he added. Meet ANGLE plc, Faron Pharmaceuticals Ltd, Alliance Pharma...Read More
It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More
"While we've long prohibited the sale of firearms, we recently notified creators of updates we will be making around content promoting the sale or manufacture of firearms and their accessories." Continue...Read More
Today we talk to Dr. Paul Connett of the Fluoride Action Network (fluoridealert.org) about Food & Water Watch Inc., et al. v. United States Environmental Protection Agency, a lawsuit that could bring an end to the practice of water fluoridation in the United States. We discuss the Toxic Substances Control Act under which the suit is being filed, how recent court rulings have allowed the case to pr...Read More
Trump giveth... Trump taketh away.The post-election stock market ran further and further again, mostly because of the pretty plums Trump dangled in front of investors:Tax cuts… deregulation... infrastructure.Until last month's "correction," the overall market had swelled some 30% since that unforgettable night in November 2016.Has the president delivered the full cargo of goods - and on the...Read More
Alastair Ford from Mining Capital discusses the Fed's recent rate rise and associated commentary.As fears of a trade war build amidst continuing threatening rhetoric and posturing on tariffs from US President Donald Trump, investors flock to the safe haven asset of gold.Meanwhile, easing of the Indigenisation and Economic Empowerment Act in Zimbabwe is poised to deliver a boon to platinum pr...Read More
It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More
Base metals prices on the London Metal Exchange closed the week in negative territory on Friday March 23, with zinc the only metal to increase by the close. Nickel prices were the worst affected, losing $240 per tonne at the close - despite a 10,278 tonne cancellation in Johor.Yesterday, President Donald Trump signed off on import tariffs for Chinese products - this triggered further worries of a...Read More