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Rate rises by a central bank traditionally boost a currency as it promotes investors to flock to a country with the anticipation of higher-yielding assets However, Hatzius believes that we are now in a "fairly synchronized global upswing" where other central banks are also looking to push benchmark rates higher Silvia Amaro| @Silvia_Amaro Published 15 Hours AgoCNBC.comSHARES show chapters Doll...Read More

Base metals prices trading on the London Metal Exchange are generally higher this morning, Tuesday January 9, with copper ($7,159 per tonne), aluminium, nickel and zinc up by between 0.2% and 0.5%, while tin prices are little changed and lead prices are bucking the trend with a 0.3% decline to $2,598 per tonne.Volume has been average, with 7,103 lots traded as of 07.23 am London time. This follows...Read More

January 9, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce that, following the completion of its $3 million private placement, the Company has commenced drilling at its Langis and Hudson Bay projects located in the Cobalt Camp of Ontario, Canada. Drilling is currently underway and is focusing on high grade cobalt and silver targets as extension of...Read More

Nils Tilton, assistant professor of mechanical engineering at Colorado School of Mines, has received a National Science Foundation CAREER Award to develop a computational fluid dynamics model to improve efficient, low-energy options for wastewater treatment and desalination.Tilton's project, "Robust Numerical Modeling for Rational Design of Membrane Filtration Processes," will receive $547,364 ove...Read More

Turkish steel mills continued their February bookings of scrap imports from the Baltic Sea region on Tuesday January 9, with the United States market still quiet because of the heavy winter conditions.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $374 per tonne, 5,000 tonnes of bonus at $384 per tonne and 1,000 tonnes of...Read More

Brazilian exports of carbon steel slab and billet increased in 2017, according to the country's foreign trade ministry, MDIC.Exports of carbon steel slab reached 7.3 million tonnes in 2017, up 23.49% from the 5.91 million tonnes exported in 2016, according to the figures released late last week.The US was the largest...Read More

The latest news and price moves to start the Asian day on Wednesday January 10.Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday January 9, with only nickel trading in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Tuesday.Comex copper prices weakened during morning trading in the United Stat...Read More

Benchmark alumina prices fell on Tuesday January 9, with limited buying interest seen for spot cargoes in the Pacific market, despite a recovery in smelter margins.Metal Bulletin's daily fob Australia alumina index was calculated at $390.43 per tonne on Tuesday, down from $393.36 per tonne the previous day.Market participants foresaw a price floor for the raw material last week, citing stronger al...Read More

Metal Trade Comax Group of the Czech Republic announced on Tuesday January 9 that it has acquired all the shares in Germany's Oetinger Aluminium from private equity group Orlando Management.Details of the deal were not disclosed at the time of publication, but Metal Bulletin first reported on the deal last week.According to a letter sent to customers and seen by Metal Bulletin, Oetinger will conti...Read More

Veteran aluminium trader Holger Ellmann has left HDP, sources told Metal Bulletin. Ellmann was a senior trader at Switzerland-registered HDP for a little bit over...Read More

The steel industries in Europe and Turkey will continue to grapple with elevated costs for graphite electrodes in 2018 despite some easing of prices in recent months.Graphite electrode prices reached $22,000-40,000 per tonne cfr Turkey in 2017, compared with $2,000 per tonne cfr Turkey in 2016, according to market sources.This massive price rise has had significant consequences for the steel indus...Read More

Dutch wire products supplier Van Merksteijn is to build a mesh-quality wire rod mill with capacity for 800,000 tonnes per year at the seaport of Eemshaven in the north of the Netherlands, the company confirmed to Metal Bulletin on Tuesday January 9.The company hopes to start production at the mill in 2020, and is expected to use scrap-based electric-arc furnace (EAF) technology."The capacity we're...Read More

Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to delay their purchasing and see how the imposition of new 5% VAT regimes in both countries affects the market, sources told Metal Bulletin on Tuesday January 10.The UAE and Saudi Arabia both imposed a 5% rate of VAT with effect from January 1, 2018.The resulting confusion in the markets has seen buyers refrain from buying n...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBillet Iran, export, billet, traded at $518 per tonne cfr,...Read More

Prices for imported steel billet in the UAE have increased this week while rebar prices in that country and in Saudi Arabia have remained stable, sources have told Metal Bulletin.Demand for imported rebar, meanwhile, was very weak in both countries because local prices were more competitive.BilletIranian mills were offering billet at $520-525 per tonne cfr to the UAE for late-March delivery, while...Read More

Sergey Rezontov stepped down as chief financial officer (CFO) of Mechel, a leading Russian mining and metals company, on January 1, a company spokeswoman has told Metal Bulletin. Rezontov took up the role of CFO in June 2016....Read More

Chinese ferro-silicon prices continued to soften over the past week amid operational restarts in the country's Ningxia province, while the European market reached new highs on tightened supply. Chinese domestic prices edge lower amid production restarts Chinese exporters drop offers amid lack of buying interest European market realizes new highs on thin supplyUS spot market falls dormant, prices o...Read More

Vanadium pentoxide (V2O5) and ferro-vanadium prices had a strong start to 2018 last week, with supply concerns in focus as the markets came back from the Christmas break. Chinese V2O5 prices soar with upstream constraints in focusFerro-vanadium leads the way in Europe US ferro-vanadium prices higher but spot activity 'just getting started'Vanadium prices in China jumped last week amid limited sup...Read More

Italian technology company Tenova Metals has appointed former chief operating officer Roberto Pancaldi as its chief executive officer, it said this week. Pancaldi first joined Tenova in 1988 as a process engineer and replaces former CEO Andrea Rocca, who spent five years in the...Read More