Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Thursday April 5, with copper's three-month price gaining 1.5%."Industrial metals reacted broadly positive as investors assess the outlook for US-China trade tensions while both major economies signal willingness to negotiate," John Meyer, SP Angel analyst said."Copper regained [momentum] on the announcem...Read More
Turkish steel mills went through Thursday April 5 with no deep-sea bookings and prices remaining stable, according to sources in the market.The most recent deal was for a Baltic Sea cargo sold at $356 per tonne cfr for HMS 1&2 (80:20), $361 per tonne for HMS 1&2 (90:10) and shredded,...Read More
The company said in February that Anglo American (LN:AAL), Nexa Resources SA (CN:NEXA) and Vale SA (BZ:VALE3) had staked about 3.5 million hectares on the belt, adding yesterday that Anglo and Nexa had largely surrounded Altamira's 12 projects."The catalyst for this staking rush is a rumoured porphyry copper discovery in the eastern part of the Juruena belt," Altamira said.It said recently it beli...Read More
Comex copper prices bounced back in US morning trading on Thursday April 5 amid easing tensions between the United States and China. Copper for May settlement on the Comex division of the New York Mercantile Exchange jumped 6.65 cents or 2.2% to $3.0770 per lb. "We remain modestly constructive on metals going into April, as we suspect...Read More
The latest metal markets news and price moves to start the North American day on Thursday April 5.Zinc prices on the London Metal Exchange came under further pressure during morning trading today after on-warrant stocks rose by 16%.The three-month zinc price was the only metal trading in negative territory following a 23,425 tonne re-warranting in New Orleans - which takes total available stock to...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Thursday April 5.Base metals prices on the London Metal Exchange were all higher during Asian morning trading on Thursday amid hopes that talks between the United States and China could avert a global trade war.The LME three-month copper price was at $6,747 per tonne as of 03.29am London t...Read More
Soaring cash flows, increased dividends and share buybacks...These traits are a recipe for a successful investment.And over the next several years, there is one surprising industry who could offer investors all three.Can you guess which one I'm talking about?Believe it or not, I'm talking about big oil!Cash flows at the major oil companies were strong in 2017, and they're set to surge even higher...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Thursday April 5, with copper's three-month price gaining 1.5%."Industrial metals reacted broadly positive as investors assess the outlook for US-China trade tensions while both major economies signal willingness to negotiate," John Meyer, SP Angel analyst said."Copper regained [momentum] on the announcem...Read More
MICROMINE is pleased to announce the release of Geobank 2018, the latest version of the industry leading, secure and flexible data management solution, is now available for download.Geobank 2018 delivers to our users improved usability, functionality and performance, with a variety of benefits relevant to both exploration and mining operations.Commenting on the release, Geobank Product Strategy Ma...Read More
Comex copper prices bounced back in US morning trading on Thursday April 5 amid easing tensions between the United States and China. Copper for May settlement on the Comex division of the New York Mercantile Exchange jumped 6.65 cents or 2.2% to $3.0770 per lb. "We remain modestly constructive on metals going into April, as we suspect...Read More
Zinc prices on the London Metal Exchange came under further pressure during morning trading on Thursday April 5, with on-warrant stocks rising 16%. The three-month zinc price was the only metal trading in negative territory following a 23,425 tonne re-warranting in New Orleans - which takes total available stock to 166,650 tonnes. The rest of the complex made a slight recovery with potential talks...Read More
Cesco Week, the annual copper industry gathering in Santiago, starts on Sunday in the Chilean capital, with some 2,000 local and international market participants in attendance to discuss the outlook for copper prices and mining as a whole.Here is a list of the events and functions scheduled for the week.Please note that events are private receptions and admission is strictly by invitation only.Su...Read More
Turkish billet prices continued to decrease over the past week on lower offers from CIS suppliers and weakening imported scrap values, sources said on Thursday April 5.Metal Bulletin's weekly price assessment for billet imports into Turkey was $530-540 per tonne cfr, down from the $540-550 per tonne of last week.The suppliers in the CIS region...Read More
Brazil's largest aluminium producer CBA reported a 7% year-on-year decline in its 2017 adjusted earnings due to factors stemming from the sale of surplus energy and the suspension of its nickel operations.Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) totaled 449 million Brazilian Reais ($134.3 million) last year.This decline was "mostly driven by higher [generati...Read More
Miner South32 has signed a 2018 annual lead concentrate supply contract with at least one major smelter, which includes a 21.4% drop in headline treatment charges. South32's deal, which supplies lead concentrates from its Cannington mine in Australia, sets headline treatment and refining charges (TC/RCs) at $98 per tonne/$0.60 per oz, against $124.70/$1 in 2017, sources with knowledge of the matte...Read More
JXTG, Japan's energy and metal conglomerate, expects to post an impairment loss of 65 billion yen ($606.8 million) for its Chilean Caserones copper project following a series of production problems last year. The 65 billion yen bill was attributed to changes in the mining plan due to a fault in an ore pit and a review on long-term production plan, the majority owner of Caserones copper mine said o...Read More
The latest metal markets news and price moves to start the North American day on Thursday April 5.Zinc prices on the London Metal Exchange came under further pressure during morning trading today after on-warrant stocks rose by 16%.The three-month zinc price was the only metal trading in negative territory following a 23,425 tonne re-warranting in New Orleans - which takes total available stock to...Read More
The executive board of Italian steel association Federacciai has chosen Alessandro Banzato to be its next president, it announced this week.Banzato, who is chairman and chief executive officer of Italian steelmaker Acciaierie Venete, will hold the position for two years, Federacciai said on...Read More
The merger between ArcelorMittal Brasil and local long steel producer Votorantim Siderurgia was concluded on Sunday April 1, resulting in the creation of the country's largest long steel mill, with output capacity for around 5 million tonnes per year."We become more competitive in a market that is very challenging," the chief executive officer of ArcelorMittal Long Carbon Central & South Americas,...Read More
China has requested consultations with the United States under the Dispute Settlement Mechanism of the World Trade Organization (WTO) regarding tariffs settled on Chinese goods, the WTO said on Thursday April 5.China made the request after the US government released a proposed tariff list on April 3, naming 1,300 Chinese goods that the US administration...Read More