SHANGHAI, Apr 13 (SMM) – China's production capacity of nickel sulphate is expected to exceed 700,000 mt in 2018, and equate to 160,000 mt of nickel. By 2020, capacity is likely to exceed 1 million mt and amount to 220,000 mt of nickel, according to general manager of Jinchuan Group Nickel Salt, Zhou Youming.Nickel consumption in China's battery industry is l...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

ArcelorMittal has told the European Commission (EC) it plans to sell-off a raft of its European flat steelmaking assets to seal its acquisition of Italian producer Ilva, the company said on Friday April 13.ArcelorMittal is proposing to sell all of the assets, and not simply a selection of them, a company spokesman confirmed to Metal Bulletin on Friday.Any sales would be conditional upon completion...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 agreement will focus on promotion and development of Clean TeQ's water purification technologies in China through joint research projects, incorporation of Clean TeQ's water treatment solutions in projects designed and implemented by Meili, and the joint promotion of technology solutions.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

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

As well as infrastructure spending in Australia and Asia, CIMIC is being buoyed by a strong outlook for resources."Australian export volumes in major commodities are expected to continue to grow and there are mining and processing opportunities in several states," Wright said.Earlier this week, the Department of Industry, Innovation and Science said Australia's resource and energy export earnings...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

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

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

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

SHANGHAI, Apr 13 (SMM) – Indonesia and the Philippines are likely to export 48.8 million mt nickel ore to China in 2018, according to general manager at Biwei Resources, Yang Qin. Peak export season for nickel ore is traditionally from April to September.However, as some plants turned to producing carbon steel and with low operating rates at stainless steel plants, demand for low-grade...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

Alumina prices soared on Friday April 13, and Metal Bulletin's benchmark alumina index set an all-time high, while the market reacted to the effect of sanctions on UC Rusal. Metal Bulletin's daily fob Australia alumina index settled at $556.67 per tonne on April 13, up 16.7% compared with the previous day's calculation, and the highest number recorded since the index launched in August 2010.The US...Read More

Bargain hunting has returned to the base metals complex in the morning of Friday April 13, lifting prices on the London Metal Exchange by 0.6% on average. Trade tensions between the United States and China have relaxed in recent days after Chinese President Xi Jinping struck a conciliatory tone in a keynote speech. Meanwhile, US President Trump has toned down his rhetoric on military intervention...Read More

A new graduate degree program at Colorado School of Mines will prepare the next generation of scientists and engineers for innovation at the intersection of health and biology with Mines' core strengths in science and engineering.The Integrative Graduate Program in Quantitative Biosciences and Engineering will offer rigorous training at disciplinary interfaces that are the hallmark of a Mines educ...Read More

SHANGHAI, Apr 13 (SMM) – Nickel pig iron (NPI) is likely to account for close to 60% of the raw material supply for stainless steel from 2019, according to senior analyst of nickel at SMM, Wang Cong. The percentage has risen above 50% this year, to a level last seen in 2014.SMM expects China’s output of stainless steel to continue to climb in 2018, Wang told delegates at...Read More

European aluminium premiums had a record day Friday April 13, with market a return to full market liquidity one week after the United States Treasury sanctioned Russian company UC Rusal, the world's second-biggest aluminium supplier.A surge in liquidity and a continued scramble for non-Rusal material helped to push the Rotterdam duty-unpaid in-warehouse aluminium premium up by 20% to $125-140 per...Read More

SHANGHAI, Apr 13 (SMM) – Production of #300 stainless steel in China and Indonesia is forecast to grow 13% to 15.2 million mt in 2018 as output from Indonesia stays at high levels, according to senior analyst of nickel at SMM, Yang Bo.Stainless steel exports from Indonesia to China are expected to remain above 150,000 mt in the first half of this year as Indonesia's&n...Read More