CENTENNIAL, Colo., June 22, 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), an energy materials development company, announced today that it received notification from the Generate Directorate of Mining Affairs, a department of the Turkish Ministry of Energy and Natural Resources, that the mining and exploration licenses for WWR's Temrezli and Sefaatli projects have...Read More

Turkey's ferrous scrap import market remained quiet on Friday June 22 ahead of the outcome of the Turkish general election on Sunday. Market activity briefly picked up on Tuesday and Wednesday this week, with four deep-sea cargoes booked after a slow start to the week following a public holiday in Turkey to celebrate Eid on Friday last week. But activity waned again in the days before the election...Read More

Slab export prices from Brazil declined marginally this week, with local mills competing to book orders to the United States in the wake of the new quota system. Metal Bulletin's weekly price assessment for slab exports from Brazil fell to $580-595 per tonne fob on Friday June 22 from $590-600 per tonne fob previously. Deals from Brazilian companies to US buyers were heard...Read More

The 34-month contract is for a further cutback at the Rocky's Reward pit and work at a satellite pit.The scope included mine planning and engineering, drill and blast, mining of overburden and ore, and rehandling services to the Leinster processing facility.CIMIC CEO Michael Wright said the award continued Thiess' strong working relationship with Nickel West."We're pleased to continue our support...Read More

Chinese customs has suspended the publication of trade data for some key metal products including refined zinc, lead, nickel and copper raw materials such as scrap and concentrates, sources said. Chinese research analysts, whose work depends upon trade data from the world's top metal producing and consuming country, told Metal Bulletin they have been only granted very limited access to trade data...Read More

MACA said the agreement included a deed of release from all claims by either party and a payment plan that would allow MACA to recover A$61 million by June 2022. The amount covers a $9.5 million loan, trade receivables, interest and termination costs.  MACA will retain ownership of the majority of the plant and equipment being used at Tucano and will seek to redeploy the 370 personn...Read More

Comex copper prices continued their downtrend on the last trading day of the week despite the dollar softening. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 0.10 cents or 0.1% to $3.0205 per lb. The contract is now on a seven-day losing streak. "We have a bullish outlook on copper. We have a hypothetical long position in copper that we initiated at th...Read More

Pasar copper smelter in the Philippines is expected to operate at a reduced capacity during the second half of the year while the company makes repairs to its sulfuric acid cooling plant, Metal Bulletin has learned. Pasar, which is 78% owned by Swiss miner-trader Glencore, halted output in January due to a failure in the smelter's sulfuric acid cooling plant. Despite restarting in February, t...Read More

India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More

A few deals for cif main Japanese ports (MJP) aluminium premiums for July-September delivery have been done at $132 per tonne by one major producer with buyers, according to four sources familiar with the matter. The $132 per tonne quarterly aluminium premium represents a 2.3% increase from the second-quarter MJP premium, which had settled at $129 per tonne."I heard 2 deals by this producer at $13...Read More

The latest metal markets news and price moves to start the North American day on Friday June 22.Nickel prices on the London Metal Exchange gained momentum during morning trading, edging 1.9% higher while copper, lead and tin prices also found support.Nickel's three-month price topped the broadly positive trading across the complex, despite a strong appreciation in the US dollar dampening sentiment...Read More

Local secondary billet prices in India fell by about 900 rupees ($13) per tonne this week on account of reduced inquiries and minimal buying from finished product makersThe price assessment for domestic secondary billet in India (mainly produced via an induction furnace) stood at 35,800-36,000 rupees per tonne ex-mill on June 22, a drop of 900 rupees per tonne from 36,700-36,900 rupees per tonne e...Read More

Chemical makers BRAIN and CyPlus said this week scaled up (from 100 litres to one tonne) testing of "market-relevant products for the global mining industry" showed its bio-based production process was nearly ready for industrial application.Extraction of precious metals from the ores was based on the use of naturally occurring and enhanced microorganisms from BRAIN BioArchives, the former said.Th...Read More

Flat steel prices in Turkey's domestic and export markets increased this week, with demand moderate ahead of the elections on Sunday June 24, sources told Metal Bulletin on Monday June 22. Domestic producers are accepting orders for September production, and have already filled most of their orderbooks for September. Domestic prices Hot-rolled coil (HRC) producers in Turkey sold material at $617-6...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDG, PPGIHot-rolled coil Turkey, domestic, hot-rolled coil, traded at $617-625 per tonne ex-works, September production. Turkey, domestic, hot-rolled coil,...Read More

The UK light iron scrap market was stable in the week to Friday June 22 for the 11th week in a row, with market sentiment suggesting an increase next week in line with expected renewed demand from Turkey, sources said.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($119-158) per tonne on Friday. This compares with the low for the year...Read More

Coated coil prices in Turkey increased this week, but demand was moderate due to the upcoming elections on Sunday, June 24, sources told Metal Bulletin on Friday June 22. Domestic prices One northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $760-770 per tonne ex-works, up from $745-750 per tonne ex-works last week. Southern Turkish producers were offering the same m...Read More

Domestic rebar prices in Poland have remained largely unchanged over the past week due to seasonally strong market activity, sources told Metal Bulletin on Friday June 22.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,240-2,300 zloty ($599-615) per tonne ex-works on June 22, compared with 2,230-2,300 zloty per tonne ex-works.The assessment reflects tra...Read More

Italian wire rod producers Feralpi and Caleotto - the latter a joint venture between Feralpi and steel trader Duferco - have each ordered new four-stand wire rod rolling lines and water-cooling equipment.The Meerdrive Plus wire rod rolling lines ordered by the two companies are "capable of rolling wire rod diameters from 4.5mm up to 27mm at speeds up to 120 meters per second," technology supplier...Read More

European import prices for austenitic alloy steel scrap narrowed slightly higher this week, with sources noting limited supply, however, the market is largely stable, with participants awaiting the third-quarter ferro-chrome benchmark settlement.Expectations for the ferro-chrome benchmark - a significant driver of steel scrap prices - had previously been for a substantial decrease amid weak spot p...Read More