SHANGHAI, Apr 11 (SMM) –Copper: As crude oil soared overnight, LME copper climbed above the 40- and 60-day moving averages as investors added their longs. It stood above the 60-day moving average at opening today and is likely to trade at $6,930-6,990/mt. The SHFE 1805 contract mostly traded between the 20- and 40-day moving averages with strong momentum overnight. We expect i...Read More
The independent index, which covers 30 companies that produce 25% of all mined commodities globally, was launched by the Responsible Mining Foundation and aims to encourage continuous improvement in responsible mining an support leading practice and learning.Read More
European mills producing hollow sections are unhappy with current pricing and intend to issue higher offer prices over the next few weeks, market sources told Metal Bulletin on Wednesday April 11."The development of tube prices does not match that of flat steel," one Southern European producer said."None of the pipemakers are happy with the current situation. They're all confronted with higher coi...Read More
A new interdisciplinary professional degree program at Colorado School of Mines will provide engineers with the knowledge and skills needed to drive the next generation of technologies and products in the transformative and fast-growing field of advanced manufacturing. Beginning fall 2018, Mines will be among the first universities in the U.S. to offer graduate-level degrees in advanced manufactu...Read More
The court found in March that the mine's waste emissions had affected neighbouring communities, with some members diagnosed with heart and lung problems including cancer, and some had high levels of nickel in their blood and urine, Reuters reported.The court ordered South32 pay damages and reapply for its mine licence.The company said today it had been notified of the decision on Monday and was in...Read More
Domestic prices for hot-dipped galvanized coil (HDG) in the EU were unchanged this week, sources told Metal Bulletin on Wednesday April 11.The HDG market sector is following a trend similar to that seen in the hot-rolled coil (HRC) and cold-rolled coil (CRC) markets, where prices were stable while buyers slowly returned to the markets for re-stocking, according to market sources."Prices are likely...Read More
Take a slice of the Earth's surface and it might look a little like the tabletop sand tanks that a group of local high school students experimented with during a visit to Colorado School of Mines. Clean, clear water flowed through the model, the layers of sand, gravel and clay mimicking the properties of unconfined and confined aquifers. That was before the student scientists injected a "polluta...Read More
Prices for domestic steel beams picked up slightly in Northern Europe this week following three consecutive weeks of falls, although market activity remained low, sources told Metal Bulletin on Wednesday April 11.Metal Bulletin's price assessment for S235-grade, 200x200mm category-2 H-beams made in Northern Europe edged up to ?,?600-620 ($740-765) per tonne delivered on Wednesday April 11, compare...Read More
In a nutshell, that's the critical question behind the proposed A$280 million (US$217 million) merger of two Australian companies which have ore in the ground that needs a cheaper transport solution.Read More
Domestic prices for cold-rolled coil (CRC) in Europe have been stable over the past week despite slow market activity, sources told Metal Bulletin on Wednesday April 11.Market activity has been slow because distributors are more focused on selling material from stock than on making new deals with mills.The distributors are expected to start re-stocking by the end of this month, according to market...Read More
The latest metal markets news and price moves to start the North American day on Wednesday April 11. The latest metal markets news and price moves to start the North American day on Wednesday April 11. Base metals prices on the London Metal Exchange continued to rise during morning trading, with aluminium's momentum continuing to eclipse the rest of the complex. "Aluminum continues to be the main...Read More
Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Wednesday April 11.Copper prices on the Shanghai Futures Exchange edged up during Asian morning trading on Wednesday, with the red metal continuing to benefit from an easing in global trade tensions. But the release of disappointing Chinese data earlier this morning has dampened sentiment...Read More
It produced 9,441 tonnes of copper during the quarter from 2.6 million tonnes of ore mined at an average grade of 0.48% and record recovery of 88.47%.Read More
One of the biggest names in the U.S. financial sector is about to make an important announcement.An announcement that will shock the markets, shift Wall Street's perspective on mega-banks, and hand you thousands of dollars in the process (if you know how to play it).Today, I'm blowing the whistle on this secret that will soon be revealed.And I'll show you the best way to profit from this new revel...Read More
Aluminium continued to rally on the London Metal Exchange at the close of trading on Wednesday April 11, climbing 1.7% and recording its highest close since January 2.The spike in the metal's three-month price comes after the USplaced sanctions against key Russian firms, notably Rusal, prompting tightermarkets.Following the announcement, the LME implemented a, "temporary conditional suspension" on...Read More
Comex copper prices failed to maintain momentum on Wednesday April 11 morning in the US, with the recent gains prompting a round of technical selling amid continued global unrest.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 0.95 cents or 0.3% to $3.1275 per lb, after the contract hit a three-week high yesterday."The LME copper price is consolidating we...Read More
Physical iron ore prices softened on Wednesday April 11 amid a retreating futures market in China.Metal Bulletin 62% Fe Iron Ore Index: $64.79 per tonne cfr Qingdao, down by $0.51 per tonneMetal Bulletin 58% Fe Premium Index: $52.51 per tonne cfr Qingdao, down by $0.24 per tonneMetal Bulletin 65% Fe Iron Ore Index: $81.70 per tonne cfr Qingdao, down by $1 per tonneMetal Bulletin 62% Fe China Port...Read More
Aluminium continued to rally on the London Metal Exchange at the close of trading on Wednesday April 11, climbing 1.7% and recording its highest close since January 2.The spike in the metal's three-month price comes after the USplaced sanctions against key Russian firms, notably Rusal, prompting tightermarkets.Following the announcement, the LME implemented a, "temporary conditional suspension" on...Read More
Brazil's aluminium industry will request the government to increase by 50% the volume of the import tax-free quota for ingot from July onward due to supply constraints and a modest demand recovery, Metal Bulletin understands. The industry expects to have 270,000 tonnes of unwrought aluminium exempted from the 6% import tariff for a 12-month period, from the current quota of about 180,000 tonnes, a...Read More
The first shipments from Codelco's pilot scheme to produce decommoditized copper with traceability throughout the supply chain are expected at the end of the year or by the start of 2019, the chairman of the Chilean state-run copper company said. According to ?"scar Landerretche, the scheme has been agreed upon with three customers: trading company Mitsui, French cable maker Nexans and automotive...Read More