Key data in the pricing session in the week ending Friday July 13. China  Activity in China's ferro-chrome market was quiet with prices falling due to the production increase that followed the restart of Inner Mongolian smelters.  There was no liquidity and stability in the imported charge chrome market amid a standoff...Read More

Copper concentrate treatment and refining charges (TCs/RCs) rose to ten-month highs in mid-July when miners began to sell tonnages at higher prices and smelters consolidated their purchasing with terms around $90 per tonne/$0.09 per lb.The Metal Bulletin copper concentrates index jumped by $6.30/$0.63 to $86.10/$0.861, the highest level since October 2017.The volume of tonnages traded has reduced...Read More

The main union at Escondida, the world's largest copper mine, has rejected the company's latest contractual offer, the union said on Thursday July 12. The offer, said to include a bonus of 4.5 million Chilean pesos ($7,000) with no base salary increase or schooling benefits was deemed "unacceptable," the union said. "If there is no substantial change, the Union will be...Read More

Indonesia's growing presence in the international market as a stainless steel exporter - made possible by an influx of Chinese-backed producers in the country - presents a potential challenge to China's dominance of the Asian markets, participants told Metal Bulletin.Playing a key role in the market and squeezing China's market share currently is PT Indonesia Tsingshan Stainless Steel, a low-cost...Read More

An overview of the battery raw materials markets and their price moves from the past week....Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More

Diamond drill core from the COD Vein of GGX's Gold Drop property in British Columbia. Source: GGX Gold Corp.GGX Gold Corp. [GGX-TSXV; GGXXF-OTCQB; 3SR2-FSE] has received additional analytical results from the winter-spring diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-17 to COD18-26 whic...Read More

Eastbelt mineralized vein next to next to former producing Tom Mine at the Yellowknife City gold project 15 km north of Yellowknife, Northwest Territories. Source: TerraX Minerals Inc.TerraX Minerals Inc. [TXR-TSXV; TRXXF-OTC; TX0-FSE] announced assay results from its summer field program now underway on the Yellowknife City gold project 15 km north of Yellowknife, Northwest Territories.The first...Read More

Prices for alloy steel scrap in the UK and Europe were stable this week amid heavily subdued trading and largely flat nickel prices, Metal Bulletin learnt on Friday July 13.Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,160-1,180 ($1,354-1,378) per tonne cif main European ports on July 13, unchanged week on week.In the UK, the domest...Read More

Global scrap prices weakened in most markets except Taiwan during the working week from Monday July 9 to Friday July 13, amid sluggish demand in the major regions.Turkey resumed its deep-sea bookings for August deliveries but at lower prices, which sent the US East Coast export prices down, while the weak demand continued to affect prices in India.But import scrap prices into Taiwan remained stabl...Read More

Base metals markets remain jittery following continued rhetoric from US President Donald Trump over trade. Three-month prices on the London Metal Exchange were down by an average of 0.4% as at 7.32am London time on Friday July 13, with copper prices off by 0.1% at $6,210 per tonne.This follows a general day of consolidation and recovery on Thursday when the complex closed with gains averaging 0.8%...Read More

An overview of the battery raw materials markets and their price moves from the past week....Read More

Domestic Chinese battery-grade lithium carbonate prices fell again this week due to lackluster demand from consumers, while hydroxide prices stayed firm although lower offers were reported to Metal Bulletin. Chinese battery-grade lithium carbonate prices continued to fall while hydroxide prices were stable on weak demand. Ample availability and lower prices for battery-grade and technical & i...Read More

I've recently been rereading Benjamin Graham's 1949 masterpiece, The Intelligent Investor. If this is a book you've never read yourself, I highly recommend picking up a copy. Warren Buffett calls it, "By far the best book on investing ever written."Graham's approach to investing is very levelheaded. He generally preaches investing in securities that appear underpriced by some form of fundamental a...Read More

Dear Mr. Chanos,First off I want to say I am a big fan. I like what you do.Anyone who knows anything about you knows that you are the most successful short seller of all time. I read about your Enron and Baldwin-United short sells with awe, asking myself if I would have ever uncovered what you did.It takes some serious skill to do what you have been able to do so successfully, for so long.But with...Read More

The prices for flat steel imported into South America were virtually unchanged this week, on stable offers from China.The import price of hot-rolled coil (HRC) narrowed downward to $630-635 per tonne cfr on Friday July 13, from $630-640 per tonne cfr a week earlier.The price of...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More

Prices for coated steel coil products in Turkey were stable in the week ended Friday July 13 with demand in the local and export markets being no better than slow, Metal Bulletin has heard.Domestic pricesOne producer in northern Turkey was offering 0.50mm hot-dipped galvanized coil (HDG) at $770 per tonne ex-works.Another northern producer was offering similar product at $785-800 per tonne ex-work...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More