The first deals for special high-grade zinc supply in 2019 in Europe point to a decline in annual zinc premiums compared with this year's levels, but Nyrstar's financial troubles are complicating negotiations and raising concerns that supply may turn out to be tighter than anticipated."Not much has been done yet, but [the premium] seems to be lower than last year by at least $10-15 per t...Read More

The latest news and price moves to start the Asian day on Thursday November 15.Base metal prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the cl...Read More

Tin trades on the Indonesia Commodity & Derivatives Exchange (ICDX) have completely halted because of significant supply disruptions in the country, Fastmarkets heard on Wednesday November 14.The country is the world's second-largest producer of the metal, but the price of tin on the London Metal Exchange continued to show little reaction to the interruption to trading.A joint statement on October...Read More

The tin premium in Europe remains at a 21-month high amid continued uncertainty over Indonesian supply, while thin spot activity and a closed import arbitrage window kept premiums firm in the United States and China. European participants seek direction amid Indonesian supply outage US traders at odds with buyers in 'dull' market Chinese premiums flat on rising SHFE stocksEuropean premiums hold st...Read More

Comex copper prices moved higher on Wednesday November 14 despite a stronger dollar due to growing optimism that a bilateral trade agreement between the United States and China could be reached in the next few months. The copper price for December settlement on the Comex division of the New York Mercantile Exchange gained 1.25 cents to $2.6995 per lb. Markets have seen chaotic price movement in th...Read More

Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalXiana paid US$25 million in cash for the complex which consists of three operating mines, a concentrate plant, related infrastructure and exploration licences near the northern city of Ovalle."MAP is an excellent cornerstone asset for the Xiana portfolio and we look forward to executing our optimization plans...Read More

The price for rebar produced and delivered in Southern Europe pushed slowly upward again on Wednesday November 14, with sellers offering higher prices due to high costs but consumers so far unwilling to commit to large-volume deals.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe narrowed upward to ?,?530-535 ($597-602) per tonne delivered on Wednesday, from ?,?520-535 pe...Read More

The price for rebar produced and delivered in Northern Europe stayed flat on Wednesday November 14, with producers remaining firm on their offer prices despite higher production and raw material costs.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe stayed at ?,?550-560 ($619-630) per tonne delivered, after rising from ?,?540-560 per tonne two weeks ago.The low end of the...Read More

Prices for hollow steel sections in Northern Europe were flat this week amid stable market conditions, Fastmarkets heard on Wednesday November 14.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?640-660 ($720-743) per tonne delivered on November 14, unchanged week on week.Last week, hollow section prices widened by ?,?10 pe...Read More

Steel mills have begun pushing for an increase in the domestic price for steel beams in Europe, despite market conditions and feedstock costs remaining stable, but prices did not show any change this week, sources told Fastmarkets on Wednesday November 14.Fastmarkets' weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?620-645 ($698-726) per tonn...Read More

The gap between export offers and bids for hot-rolled coil in China narrowed on Wednesday November 14, raising expectations of the Chinese product finding favor among overseas buyers again.DomesticEastern China (Shanghai): 3,800-3,810 yuan ($546-547) per tonne, narrowing downward 10 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, up 10-20 yuan per tonneDomestic prices were larg...Read More

South African miners will continue to need road transportation to get their material to port, according to Thembalani Gantsho, joint chief executive officer of Kudumane Manganese Resources.Road freight will be needed to meet the shortfall in capacity offered by the country's rail freight company, Transnet, Gantsho told delegates to Fastmarkets International Ferroalloys Conference in Lisbon, held N...Read More

Manganese alloy smelters are under pressure to scale back production due to the smaller margins achieved on suppressed alloy prices, Ferroglobe chief executive officer Pedro Larrea said during Fastmarkets' International Ferro-alloys Conference in Lisbon.Ferroglobe has cut some production at its manganese alloy furnaces, because the company has faced difficulties in generating profits due to the st...Read More

Manganese ore prices are overheated compared with production costs and manganese alloy prices, making them prone to a decline next year, panelists said at Fastmarkets' 34th International Ferro-alloys conference in Lisbon this week. Manganese ore prices have trended higher since May this year. Fastmarkets MB's 44% manganese ore index was last calculated at $7.13 per dry metric tonne unit dmtu,...Read More

The following Fastmarkets noble alloys and ores prices changed on Wednesday November 14:Noble alloysTungsten MB Chinese free market concentrate 65%, yuan/tonne: 100,000-102,000...Read More

The following Fastmarkets minor metals prices changed on Wednesday November 14:Antimony MB free market regulus, $/tonne: $8,100-8,300 per tonne from $8,150-8,350Antimony MMTA standard grade II, $/tonne: $8,050-8,250 per tonne from $8,100-8,300Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 50,200-51,000 yuan per tonne from 50,000-50,500 yuanCobalt MB...Read More

The latest metal markets news and price moves to start the North American day on Wednesday November 14. Base metals on the London Metal Exchange were mostly lower during morning trading, with prices weakened by a prolonged sell-off in crude oil markets while continued strength in the US dollar index increased downward pressure. Falling by just under 1% over the morning, the three-month nickel...Read More

Vanadium prices will find a much higher base than their 2015 lows when they inevitably fall, due to a structural shift in the global vanadium market, according to Amy Bennett, principal consultant at Fastmarkets MB. "Ferro-vanadium will not stay above $100 per kg for eternity [and] at some point there will be less of a panic to get material," delegates heard at Fastmarkets' 34th International Ferr...Read More

Ferrous scrap export prices declined following four US cargoes sold to Turkey and reported over the past week; meanwhile, East Coast exporters were mixed, with some keeping a tight rein on buying prices while others accepted dock price increases to attract more inbound flows.Three cargoes from the East Coast were sold to Turkey over the past seven days. The first and second traded at $33...Read More

Stainless steel scrap market demand continues to waver in the United States heading into year-end, further weighing on prices. "There is no energy in this market and no one seems to be interested in moving to buy material... We just keep drifting down [on prices]," one US dealer source said. "Still cautious with mill discounting very aggressive into the end of the year inventory reduction pro...Read More