SHANGHAI, Apr 12 (SMM) – China’s new-energy vehicles sales in the first quarter more than doubled year on year as the country sees actual demand grow, according to China Association of Automobile Manufacturers (CAAM).The country saw 143,000 units of new-energy vehicle sales during January-March, up 154% from the first quarter of last year. Output stood at 150,000 units, up 157% ye...Read More
SHANGHAI, Apr 12 (SMM) – SHFE zinc tumbled during the day and touched a low at 23,605 yuan/mt on Thursday April 12 despite better fundamentals since the start of this month.This is mainly because sentiment turned bearish when market talk suggested China’s State Reserve Bureau may release 50,000-60,000 mt of zinc ingot to be received by some state-owned enterprises.Speculative investors...Read More
There's been an abundance of coverage surrounding the recent steel and aluminum tariffs. Those measures could hurt more sectors than they help within the U.S. In particular, it could damage businesses that require metals because they'll have to pay more for raw materials.Trade wars also escalate geopolitical tensions and economic hardships the world over. They have in the past. When the U.S. impos...Read More
JOHANNESBURG (miningweekly.com) – Natural resources management company Impact and technology company Consensas have partnered to create solutions to enable companies to confidently source minerals from conflict-prone and high-risk areas, while compensating women and men in local artisanal mining communities for supply chain transparency.Working together, Impact and Consensas will solve chall...Read More
The mine in Mali started commercial production in November and has continued to perform above plan, helping to up the company's consolidated gold production 81% compared with the same period last year to 239,684 ounces.Read More
SHANGHAI, Apr 12 (SMM) – High-nickel ternary cathode materials are expected to lead the market by 2025 with surging demand, according to She Shengxian, research and development manager at Ningbo Ronbay Material.This is due to its “exceptional performance” in terms of capacity, circulation, discharge rate, and resistance to high temperature, he told delegates at the SMM CoLiNi Sum...Read More
Base metals traded on the London Metal Exchange experienced downward pressure this morning, Thursday April 12, with the complex posting an average loss of 1.0% amid robust volumes. Zinc is down the most with a 2.3% decline, while tin (-0.1%) is the most resilient. The downward pressure across the industrial metals is being driven by a fragile risk appetite in Asia, evident in domestic equity losse...Read More
SHANGHAI, Apr 12 (SMM) – China’s new-energy vehicles sales in the first quarter more than doubled year on year as the country sees actual demand grow, according to China Association of Automobile Manufacturers (CAAM).The country saw 143,000 units of new-energy vehicle sales during January-March, up 154% from the first quarter of last year. Output stood at 150,000 units, up 157% ye...Read More
JOHANNESBURG – Anglo American’s biggest shareholder, billionaire Anil Agarwal, has offered to help the mining giant expand into India.“That’s a big market for them,” Agarwal said in an interview in Lusaka. “I am going to help them if they need to open up that market for them to work there.”AdvertisementThe mining tycoon wasn’t explicit about whether...Read More
SHANGHAI, Apr 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightWeighed down by potential US military action in Syria, the US dollar index edged down slightly and hovered around 89.5, but received some support from the Fed’s March meeting.The Syria factor also depressed base metals except for LME aluminium. LME aluminium...Read More
SHANGHAI, Apr 12 (SMM) – The ratio of nickel used in electric car batteries is expected to rise to 11% by 2022, from just under 4% in 2016, according to Zhao Yingxiang, analyst at Macquarie.She added that the nickel supply-demand landscape would change dramatically if the ratio hit 15% by 2025, she said at the SMM CoLiNi Summit in Quzhou, Zhejiang on Thursday April 12. Nickel prices ha...Read More
Adem Tumerkan April 12, 2018 Category: Research Last Friday I published an article highlighting the emerging Trade War between China and the United States. As I wrote then, you have the opportunity to position yourself correctly and benefit from their fighting.But first, I think it's necessary to take a deeper look at China and understand their strategy. I don’t think many realize what they&...Read More
SHANGHAI, Apr 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightWeighed down by potential US military action in Syria, the US dollar index edged down slightly and hovered around 89.5, but received some support from the Fed’s March meeting.The Syria factor also depressed base metals except for LME aluminium. LME aluminium...Read More
SHANGHAI, Apr 12 (SMM) –Copper: LME copper registered a loss overnight, along with its Shanghai counterpart. We see it trading at $6,910-6,960/mt today. With strong support from the five- and 20-day moving averages, the SHFE 1806 contract is likely to trade at 50,800-51,500 yuan/mt with spot prices ranging from a discount of 40 yuan/mt to a premium of 20 yuan/mt today.Aluniniu...Read More
SHANGHAI, Apr 12 (SMM) – China’s new-energy vehicles sales in the first quarter more than doubled year on year as the country sees actual demand grow, according to China Association of Automobile Manufacturers (CAAM).The country saw 143,000 units of new-energy vehicle sales during January-March, up 154% from the first quarter of last year. Output stood at 150,000 units, up 157% ye...Read More
SHANGHAI, Apr 12 (SMM) –Copper: LME copper registered a loss overnight, along with its Shanghai counterpart. We see it trading at $6,910-6,960/mt today. With strong support from the five- and 20-day moving averages, the SHFE 1806 contract is likely to trade at 50,800-51,500 yuan/mt with spot prices ranging from a discount of 40 yuan/mt to a premium of 20 yuan/mt today.Aluniniu...Read More
Colorado School of Mines Assistant Professor of Physics Kyle Leach and Physics PhD student Connor Natzke were among nearly 100 nuclear physicists advocating for federal nuclear science research funding in Washington, D.C., on April 9.As a part of 2018 Nuclear Physics Day, Leach and Natzke met with Senate and Congressional offices representing Colorado and Montana, including the staffs of Colorado...Read More
SHANGHAI, Apr 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightWeighed down by potential US military action in Syria, the US dollar index edged down slightly and hovered around 89.5, but received some support from the Fed’s March meeting.The Syria factor also depressed base metals except for LME aluminium. LME aluminium...Read More
The new equitable economic empowerment framework (NEEEF) was meant to be similar to South Africa's broad-based black economic empowerment (BBBEE) laws, but president Hage Geingob did away with the 25% equity stake idea in his state of the nation address Wednesday, saying it would not translate into broad-based empowerment.He said most Namibians, especially previously disadvantaged people, would no...Read More
Bids and price indications for scarce spot alumina cargoes soared late on Thursday April 12, while buyers digested the effect of US sanctions on UC Rusal in a market that has already been tightened by the force majeure at Hydro's Alunorte refinery in Brazil. "We're talking major numbers now... If anyone had a cargo in the Atlantic they could probably get $600 per tonne, easily," a producer source...Read More