The latest metal markets news and price moves for the start of the North American day on Tuesday April 10. Base metals prices on the London Metal Exchange continued to find support during morning trading today, with aluminium continuing its strong momentum following record volumes traded yesterday. Here's how the LME base metals complex looked at 12.56pm London time:Hassan Butt had the details as...Read More

The European ferro-vanadium market retreated last week while traders sold cheaper in order to take profits amid quieting spot demand. European ferro-vanadium market slides while traders take profits European V2O5 prices strengthen on lack of availability US ferro-vanadium market flat lines with market falling dormantSpot prices for European ferro-vanadium slipped to $69-72 per kg on April 6, deliv...Read More

Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Tuesday April 10.Copper prices on the Shanghai Futures Exchange strengthened during Asian morning trading on Tuesday, after a further cooling in trade tensions between the United States and China led to increased buying interest among investors.Check Metal Bulletin's live futures report her...Read More

Turkish steel producers remained quiet in the scrap markets on Tuesday April 10, amid a sharp weakening of the Turkish lira against the US dollar and uncertainty in the finished steel export markets.Turkish steel mills booked a number of deep-sea cargoes for April and May last week before stepping back from the deep-sea markets at the end of the week.Market participants were expecting Turkish mill...Read More

Iron ore trading activity picked up on Tuesday April 10 amid futures and steel gains, but buyers have remained cautious.Metal Bulletin 62% Fe Iron Ore Index:$65.30 per tonne cfr Qingdao, up by $1.35 per tonneMetal Bulletin 58% Fe Premium Index:$52.75 per tonne cfr Qingdao, up by $0.54 per tonneMetal Bulletin 65% Fe Iron Ore Index: $82.70 per tonne cfr Qingdao, up by $1 per tonneMetal Bulletin 62%...Read More

Market participants expect to see little movement in seaborne coking coal prices in the coming days amid ample offers. A cargo of premium hard coking coal has been traded around $202 per tonne cfr China this week, market sources told Metal Bulletin on Tuesday April 10. Market participants indicated that the shipment had fetched a slight premium due to its volume, because otherwise, "there is littl...Read More

The planned maintenance at Australia's main coal exporting hub, the Dalrymple Bay Coal Terminal (DBCT), will begin on April 16, a well-informed source told Metal Bulletin on Tuesday April 10.The terminal opened on Saturday April 7 after fears of disruption to operations, due to cyclone Iris in Queensland, dissipated. The planned maintenance, which was supposed to start on April 9, will last until...Read More

China's ferrous futures were largely flat during morning trading on Tuesday April 10 after gains during the previous night's session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,423 ($543) per tonne, unchanged October hot-rolled coil: 3,523 yuan per tonne, unchanged Dalian Commodity Exchange September iron ore: 451 yuan per tonne, down 1 yuan per tonne Septem...Read More

Growth in India's iron ore consumption is expected to outpace production, the Australian Department of Industry, Innovation & Science said in its Resources & Energy Quarterly report on Monday April 9. The department expects a slowdown in domestic production amid the "cancellation of mining permits in Goa due to renewal issues and the suspension of seven mines in Odisha for non-payment of illegal m...Read More

Comex copper prices surged to close to a one-month high in the US morning on Tuesday April 10, with the dollar retreating and the complex becoming more optimistic due to fundamental demand trends. Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 5.15 cents or 1.7% to $3.1285 per lb. Earlier, the price touched $3.1280 per lb, the highest since March 15. "Whil...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday April 10*Copper -$98.64 (-622.49 yuan) Aluminium -$422.62 (-2,667.17 yuan) Zinc -$86.37 (-595.11 yuan) Nickel -$571.62 (-3,607.51 yuan) *The physical arbitrage numbers...Read More

Base metals prices on the London Metal Exchange continued to find support during morning trading on Tuesday April 10, with aluminium continuing its strong momentum following record volumes traded yesterday. The three-month aluminium price continued its firm positioning, hitting a high of $2,157.50 per tonne this morning - the highest since March 6. The light metal is continuing its strong performa...Read More

Silicon metal prices in the United States ticked down in April following the US International Trade Commission's (ITC's) vote against anti-dumping and countervailing duties on imports from key suppliers.American Metal Market assessed the US spot price for grade-553 silicon at $1.42-1.44 per lb on Tuesday April 10, declining slightly from $1.43-1.45 per lb in the previous month.Prices have been on...Read More

Martin Vydra will retire from Canada-based nickel and cobalt producer Sherritt International at the end of April, Metal Bulletin understands. Vydra, who is senior vice-president, commercial & technologies, has held a wide range of senior roles at Sherritt during the 31 years he has spent...Read More

Base metals prices on the London Metal Exchange were broadly up on Tuesday April 10, with markets reacting positively to Chinese President Xi Jinping's pledge to further open up China's economy. Aluminium continues to lead the complex higher, with the light metal up by 0.9% at the time of writing. This after surging 3.8% on Monday in response to the United States' sanctions against Russia and key...Read More

A potential ban on Chinese steel imports by Taiwan could disrupt trade flows in Asia, with the stainless steel segment set to be hardest hit, market sources told Metal Bulletin this week."The ban is necessary so that Taiwan can start negotiations with the United States to be exempted from the [country's] Section 232 tariffs [on steel and aluminium imports]," a Taiwanese trader said.Several industr...Read More

The physical aluminium market in Europe is expected to turn bullish because of significant supply tightness, with more market participants likely to turn away from using metal supplied by Russian aluminium producer Rusal.The US Treasury on Friday April 6 targeted a group of Russian government officials, oligarchs and the companies they control for reasons including Russia's involvement in the anne...Read More

Copper demand will surpass supply earlier than expected, with the first clear signs coming as early as next year, experts attending the 17th World's Copper Conference being held this week in Santiago, Chile, said.According to Arnaud Soirat, chef executive for copper and diamonds at Rio Tinto, increased consumption from new technologies, including electric vehicles, will drive demand for the meta...Read More

Despite being praised as being among the world's best mining codes due to the absence of regulatory discretion and licences effectively being granted by administrative judges, Chile's current rules for the sector represents a huge barrier to explorers, the country's Minister of Mines said Tuesday.Speaking on the sidelines of the 17th World's Copper Conference being held this week in Santiago, Chi...Read More

During a ceremony held on Monday to mark Iran's National Day of Nuclear Technology, President Hassan Rouhani issued an order to transfer yellowcake produced in the Ardakan factory, located in the central province of Yazd, to a uranium conversion facility in Isfahan.According to the Tehran Times, the uranium from which the yellowcake was derived was originally extracted from the Saghand mine, also...Read More