Pellet production volumes at Ukraine-focused iron ore producer Ferrexpo fell by 6.75% year-on-year to 10.44 million tonnes in 2017, the company said on Tuesday January 9.The lower annual figure reflected "planned pelletizer maintenance," the company said.But Ferroexpo's iron ore pellet production output rose to 2.79 million tonnes in October-December 2017, up quarter-on-quarter from 2.49 million t...Read More
Metal Bulletin has today discontinued its index for CFR China 60% Fe Iranian Iron Ore Fines.After a consultation period, Metal Bulletin has suspended its weekly Iranian Iron Ore Fines Index, which was published every Wednesday.The MBIOI-IR Index was launched in October 2015 after a period...Read More
Iron ore exports from Western Australia's Port of Port Hedland rose 5% on the year to the highest ever in December, according to data released by the Pilbara Ports Authority on Tuesday January 9.The port shipped 46.19 million tonnes of the steelmaking raw material last month, compared with 43.94 million tonnes in December 2016. The volume is also 11.7% higher than November exports of 41.35 million...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. ...Read More
Iron ore prices rose above $78 per tonne cfr China on Tuesday January 9 due to a potential risk of a severe cyclone that will impact Western Australia, according to a warning from the Australian Bureau of Meteorology. Metal Bulletin's 62% Fe Iron Ore Index Today: $78.47 per tonne cfr Qingdao Daily change: up by $0.73 per tonne cfr Month-to-date average: $76.54 per tonne Metal Bulletin's 58% Fe Pre...Read More
Base metals prices on the London Metal Exchange were on divergent paths this morning, Tuesday January 9, with only copper and nickel continuing to edge higher. The three-month copper price was up $30, targeting the $7,200 per tonne barrier. Copper is finding some support this morning from concerns over constrained supply stemming from tightening regulations in China over imported scrap and looming...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday January 9*Copper -$102.56 (-668.60 yuan) Aluminium -$431.45 (-2,812.75 yuan) Zinc -$178.48 (-1,163.54 yuan) Nickel -$561.47 (-3,660.41 yuan) *The physical arbitrage numbers...Read More
China's prices for hot-rolled coil edged up on Tuesday January 9 on a rebound in the paper market, although the upside was restricted by weak buying interest.DomesticEastern China (Shanghai): 4,240-4,280 yuan ($652-659) per tonne, up by 10-20 yuan per tonne Northern China (Tianjin) : 4,040-4,070 yuan per tonne, up 10 yuan per tonneThe paper market remained strong in the night trading session...Read More
TD Securities' Bart Melek has won LBMA's annual precious metals forecast survey, the LBMA announced today.Melek's forecast for the average gold price in 2017 of $1,256, was just $1.15 below the actual average...Read More
The latest metal markets news and price moves to start the North American day on Tuesday January 9.Base metals prices on the London Metal Exchange were on divergent paths this morning, with only copper and nickel continuing to edge higher.Here is how the LME base metals complex looked at 11.59am London time:For a snapshot of exchange news, check out our live...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
The spot gold price managed a slight bounce during Asian morning trading session on Tuesday January 9, but expectations of more US interest rate increases this year continue to underpin the dollar, capping any significant gains in the yellow metal.The spot gold price was recently quoted at $1,318.90-1,319.35 per oz, up by $1.25 from the previous trading day's close. Trade has ranged from $1,316.23...Read More
The odds of a rate hike at the next Bank of Canada meeting more than doubled after a blockbuster December jobs report, but Canada's best-performing preferred share fund isn't rushing to adjust its strategy.Read full newsRead More
Gold's outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.Read full newsRead More
Gold prices edged lower for a second session early on Wednesday, as a rally in equities and a surge in U.S. treasury yields dented bullion's safe-haven appeal.Read full newsRead More
U.S. aluminum products makers sought new trade protections against Chinese imports on Tuesday, accusing China Zhongwang Holdings Ltd and its affiliates of evading U.S. anti-dumping and anti-subsidy duties by shipping aluminum products through Vietnam.Read full newsRead More
The Trump administration is expected to decide on Friday whether to continue to waive U.S. penalties on Iran, as agreed under the 2015 Iran nuclear deal, the State Department said on Tuesday.Read full newsRead More
While world stocks are on their longest streak (without a 5% correction) in history, the last few weeks have seen that exuberance accelerate with MSCI World now at its most 'overbought' since the summer of 1987... and we know what happened next.Read full newsRead More
The comments constituted a rare admission from the hard-line cleric, who wields ultimate authority in Iran and has led brutal crackdowns on dissent.Read full newsRead More
General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021.Read full newsRead More