SHANGHAI, Apr 9 (SMM) –Copper: LME copper rebounded to a high of $6,870/mt last Friday due to a weaker US dollar. In the short term, the upward trend for copper prices will face resistance as a China-US trade war continues to brew. We see LME copper trading at $6,740-6,800/mt with the SHFE 1805 contract at 50,000-50,600 yuan/mt today. On the spot market, we see premiums slightly lower at 10-...Read More

Torex had said in January that an illegal blockade by an external union at its ELG mine complex had been removed, giving it access to the main plant, accommodation facilities, security for the main plant site, and for the El Limon Pit, enabling processing to restart on January 16.Read More

Indian steelmaker Jindal Steel and Power (JSPL) achieved its highest-ever quarterly production of crude steel in January-March 2018 after a new blast furnace began operating, the firm said on Monday April 9.Steel production at JSPL's Indian production sites came to 1.26 million tonnes over the three-month period, which was an annual rise of 350,000 tonnes compared with 910,000 tonnes in January-Ma...Read More

Seaborne iron ore prices are expected to weaken in 2018 amid ample supply, with the decline set to continue over a longer term, according to the Australian government's Department of Industry, Innovation & Energy. China's ongoing steel capacity reduction plans, which have the opposing effect on prices for the steelmaking raw material, will continue to create price volatility, the department said i...Read More

The company said a contractor crew of eight was working inside the reclaim tunnel of the Ahafo mill expansion project when the roof collapsed. Two escaped with minor injuries."Operations at Ahafo have been suspended, and the Ahafo mill expansion project will be suspended until Newmont is satisfied that work can recommence safely," the company said in a statement.President and CEO Gary Goldberg ext...Read More

China's major mills raised their crude steel output rates in mid-March after restrictions on production put in place for the winter heating season in the northern region came to an end.Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.7872 million tonnes per day during the second 10 days of March, up 55,200 tonnes - or 3.2% - from 1.732 million...Read More

Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday April 9, with only lead and zinc bucking the trend.Aluminium's three-month price climbed the most, increasing 4.2% to close at $2,139 per tonne, the highest since March 6. The price has soared since the Friday April 6 announcement that the US had sanctioned and frozen the assets of Oleg Deripaska a...Read More

Indian steelmaker Jindal Steel and Power (JSPL) achieved its highest-ever quarterly production of crude steel in January-March 2018 after a new blast furnace began operating, the firm said on Monday April 9.Steel production at JSPL's Indian production sites came to 1.26 million tonnes over the three-month period, which was an annual rise of 350,000 tonnes compared with 910,000 tonnes in January-Ma...Read More

The project is part of the company's plans to stop using fresh water altogether in Chile from 2030.The new 2,500l/s plant is in addition to the existing 525l/s plant which has been operating for 12 years.BHP said the investment covered two pipelines that took the water 3,200m above sea level, four high-pressure pumping stations, a reservoir at the mine and high-voltage electricity infrastructure t...Read More

PCC BakkiSilicon will start producing silicon at its smelter in H??sav?-k on the north coast of Iceland on Wednesday April 11, an industry source told Metal Bulletin. The company, a subsidiary of German holding company PCC SE, has already tested production from the plant's two furnaces, each with an annual production capacity of 16,000 tonnes of silicon metal. "The ramp-up of production will start...Read More

CIS export rebar and wire rod prices became firmer in the week ended Monday April 9 because the availability of the products, as well as the semi-finished products used to make them, was reduced by recent strong sales.This was despite the continuing downward trend in the global long steel markets, most notably in Turkey and China.The CIS region's major long-steel supplier, ArcelorMittal, was offer...Read More

The latest metal markets news and price moves to start the North American day on Monday April 9. Aluminium prices on the London Metal Exchange rallied 2.9% during morning trading, with copper the only other metal to be trading higher than Friday's close. The three-month aluminium price climbed to a high of $2,124 per tonne earlier this morning, its highest since March 14. The movement is a strong...Read More

Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Monday April 9.Base metals traded on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Monday, with risk-off sentiment in the market pressuring prices lower. Aluminium bucked the general weakness, however, finding support from the news that the United States h...Read More

The challenge facing the world's major copper miners is how to tread the fine line between keeping capital expenditure in check while bringing new capacity online to take advantage of future higher prices. With memories of the 2008-09 global financial crisis fresh in the minds of company executives and management boards, the focus over the past several years has been on cutting costs, selling non-...Read More

Copper mining's lack of investment in new projects is nothing new, but with executives gathering for the annual Cesco Copper Week in Santiago, Chile, the industry is beginning to scope out capital expenditure (capex) opportunities and could be on the verge of a boom in acquisitions.Copper mining majors have once again begun to size up greenfield and brownfield opportunities, hoping to be in prime...Read More

Bottle Creek drilling program is ahead of schedule with the receipt to date of 1,600m of RC drilling results from the Emu Deposit at Bottle Creek, WA.Gold assays and multi-element assays have been received with results up to 23.4 g/t Au1, 29 g/t Ag and 0.57 % Pb2 returned.Please click here for full announcementRead More

Alt Resources Limited (ASX: ARS) is a junior ASX listed gold exploration company whose main focus is on its group of gold assets lying within the Mt Ida Gold Belt, situated in the South Central region of Western Australia, namely Bottle Creek, Quinn's and Mt Ida gold projects, along with polymetallic exploration tenements in NSW prospective for gold, silver, copper, zinc and lead at the Paupong an...Read More

Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday April 9, with only lead and zinc bucking the trend.Aluminium's three-month price climbed the most, increasing 4.2% to close at $2,139 per tonne, the highest since March 6. The price has soared since the Friday April 6 announcement that the US had sanctioned and frozen the assets of Oleg Deripaska a...Read More

Volume traded on the London Metal Exchange has rocketed since the United States Treasury sanctioned and froze the assets of Oleg Deripaska and UC Rusal. The US sanctioned and frozen the assets that are subject to US jurisdiction on Friday April 6, prompting bullish sentiment and expectations of tightness in the US aluminium market. Some 29,823 lots of aluminium had traded on the LME as of 3pm Lond...Read More

The Asian aluminium market is considering the impact on aluminium premiums after the US sanctioned and froze the assets of Oleg Deripaska and UC Rusal, with responses mixed among Asian industry participants so far.The US' announcement last Friday has prompted bullish sentiment and expectations of tightness in the US aluminium market, but reactions from Asia on the impact on its domestic aluminium...Read More