SHANGHAI, Apr 13 (SMM) – Development in the cathode materials industry is likely to drive the development of new-energy vehicles as cathode materials determine battery performance, said vice president of Yibin Libode New Materials' technology centre, Wu Ceng.At the SMM CoLiNi Summit on Friday April 13 in Quzhou, Zhejiang province, Wu said that the industry remain...Read More
China's domestic stainless steel prices remained in a downward trend over the past week due to the high selling interest among stockists.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 13,700-14,500 yuan ($2,179-2,306) per tonne including VAT for the week ended Thursday April 12, down 300 yuan per tonne from last Wednesday. Stockis...Read More
He is a chemical engineer with more than 15 years' experience in sales and marketing, having worked at Johnson Matthey for the last five years, managing five regional sales offices around the world and most recently filling the role of commercial director of lithium ion battery materials.Prior to this he spent over seven of years at Albemarle (US: ALB) where he was fluid catalytic cracking (FCC) b...Read More
SHANGHAI, Apr 13 (SMM) – Nonferrous metals futures saw mixed trading on Friday April 13. SHFE nickel jumped close to 2%, aluminium rose 1.85% while zinc dropped nearly 2%. Lead lost 0.81%, copper fell 0.67% while tin dipped.The ferrous complex closed higher across the board with rebar up 1.62%. Hot-rolled coil increased 1.6%, coke edged up 1.56%, iron ore rose over 1% and coking coal inched...Read More
The AIM-listed explorer, which also has a 30% stake in a Finnish gold project in the bulk sampling stage, said it had taken on the rest of TRAC to better its return once its Goldbloc technology is launched.Lionsgold said TRAC had a net asset value as of June 30 of just over £8,000 and brought in a before-tax profit of £3,600 12 months up to that date.The explorer's share price jumped 2...Read More
VANCOUVER (miningweekly.com) – Quebec’s sole diamond mine owner and operator Stornoway Diamond Corp has reported higher prices during the first quarter ended March 31 for its diamonds produced from the Renard mine, which is increasingly showing a tendency to produce large diamonds.A stronger diamond market in general and the sale of the most valuable diamond the Renard mine has produce...Read More
The royalty agreement was signed in July 2012 with Rumbo, who formerly owned the land used by Proyecto Riotinto in Andalucía, Spain, entitling it to a royalty payment of up to $250,000 per quarter if the average copper sales price or LME price for the period was equal to or above $2.60 per pound ($5,732 per tonne) for ten years up to a maximum amount of $10 million.Read More
Netherlands-based tube and pipe distributor, Van Leeuwen Group, has forecast good demand and higher prices in the international tube and pipe market in 2018 after a successful 2017.Investments are going to increase in 2018, resulting in higher demand and an upward price trend, the company said on April 11. Northern European domestic prices for commodity-size, grade-S235 square hollow sections aver...Read More
SHANGHAI, Apr 13 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDriven by US President Donald Trump's tempered remarks on Syria, the US dollar index rebounded to 89.7, up 0.28%, while most base metals closed lower. LME zinc tumbled 4% and SHFE zinc slipped 2% under pressure from market talk that China's State Reserve Bureau...Read More
Over the past two years, local mining engineering consultancy Ukwazi has registered an increase in demand of between 20% and 30% for its service offering across Africa.The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations transitioning to massive mining-type underground mines, says Ukwazi MD Jaco Lotheringen.Advertisement&ldquo...Read More
SHANGHAI, Apr 13 (SMM) –Copper: As zinc prices tumbled, copper prices declined sharply. LME copper fell 1.31% and the SHFE 1806 contract dipped 0.94% overnight. In the technical aspect, LME copper struggled among the moving averages overnight and opened at the joint of the 10- and 20-day moving averages today as the KDJ indicator expanded downwards. The SHFE 1806 contract moved und...Read More
Copper and iron ore eked out small price gains on Friday after customs data showed imports of raw materials by China improved during the first quarter.In brisk trading New York Comex copper for delivery in May was exchanging hands for $3.07 a pound ($6,770 per tonne). Copper is down 7% year to date.Rising imports have coincided with a build-up of inventories with stockpiles on the Shanghai exchang...Read More
"As previously stated, first quarter production was planned to be lower than subsequent quarters, reflecting scheduled maintenance at our Santander operations and winter conditions at Caribou," said Trevali's president and CEO Dr Mark Cruise."We will continue to further optimise the operations through the remainder of the year and beyond."Cruise said production guidance for the year was unchanged:...Read More
Shares in Canada's Nemaska Lithium trading in Toronto jumped 4.7% at the open on Friday after the company inked a $150m streaming deal with private equity giant Orion Mine Finance.The streaming agreement - an upfront investment in exchange for a share of future production, usually at a steep discount - lifted the Quebec City-based company's market value to $412m.Nemaska is building the Whabouchi h...Read More
Join us at SMM’s Asia Metals Seminar during LME Asia week, co-hosted with Hong Kong Exchanges and Clearing Limited (HKEX) and Bloomberg, on Tuesday May 15.The event features global industry leaders who will share their perspectives on a range of topics including EV metals, battery materials, and base metals outlook amid supply volatility. The rising importance of index would also be discusse...Read More
Join us at SMM’s Asia Metals Seminar during LME Asia week, co-hosted with Hong Kong Exchanges and Clearing Limited (HKEX) and Bloomberg, on Tuesday May 15.The event features global industry leaders who will share their perspectives on a range of topics including EV metals, battery materials, and base metals outlook amid supply volatility. The rising importance of index would also be discusse...Read More
Join us at SMM’s Asia Metals Seminar during LME Asia week, co-hosted with Hong Kong Exchanges and Clearing Limited (HKEX) and Bloomberg, on Tuesday May 15.The event features global industry leaders who will share their perspectives on a range of topics including EV metals, battery materials, and base metals outlook amid supply volatility. The rising importance of index would also be discusse...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. JP Morgan gained $1.48 to $114.85 after reporting higher than consensus first quarter earnings. NetApp added $1.18 to $68.75 after JP Morgan initiated coverage with an Overweight rating and an $80 target price.Citigroup advanced 1.21 to 73.34 after reporting higher than consensus first q...Read More
SHANGHAI, Apr 13 (SMM) – Development in the cathode materials industry is likely to drive the development of new-energy vehicles as cathode materials determine battery performance, said vice president of Yibin Libode New Materials' technology centre, Wu Ceng.At the SMM CoLiNi Summit on Friday April 13 in Quzhou, Zhejiang province, Wu said that the industry remain...Read More