The latest metal markets news and price moves to start the North American day on Tuesday March 27. Base metals prices on the London Metal Exchange were higher across the board during morning trading. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US...Read More

At Metal Bulletin's 19th Asian Ferro-alloys conference in Hong Kong on March 20-22, Asia editor Shivani Singh asked delegates questions about the three Ps: products, prices and places.Click on the image above to download the results of the poll. Read More

Brazil-focused Canadian vanadium producer Largo Resources' revenue in the 2017 fiscal year, ended on December 31, more than doubled from 2016, the company said in its annual report Friday March 23.The company achieved a revenue of C$167,723 ($130,849) in 2017, a 106% surge from the C$81,233 achieved in the same period of 2016. Its V2O5 production increased 16.7% from 2016, reaching 9,297 tonnes. V...Read More

Anglo American has resumed iron ore output at its Brazilian Minas-Rio operation on Tuesday March 27, following an approval granted by the country's environmental institute, Ibama.Operations will return to their normal pace immediately, the miner told Metal Bulletin.The company stopped iron ore production at Minas-Rio on March 12, after a slurry pipeline designed to transport material from the mini...Read More

Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR and PT Adaro Energy, an Indonesian listed coal company, for the sale of its 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion."The sale of Kestrel, together with the announced divestments of Hail Creek and our undeveloped coal projects, delivers excepti...Read More

Turkish deep-sea scrap import prices have inched downward after slightly lower offers were heard from the Baltic Sea region on Tuesday March 27.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $366.95 per tonne cfr, down by $1.15 per tonne day-on-day.The daily index for similar US-origin scrap closed at $376.96 per tonne cfr, down...Read More

European steel association Eurofer has called for a quick decision in the region's safeguard case investigating imported steel, it said on Tuesday March 27.The European Commission (EC) started the safeguard case into 26 steel product types on March 26, in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU."The investigation must act fast an...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of...Read More

Base metals prices on the London Metal Exchange were higher across the board during morning trading on Tuesday March 27. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US and China are being ignored completely on the base metals markets today - whic...Read More

Seaborne coking coal prices remain under pressure, with a cargo of premium materials being offered below $200 per tonne fob Australia on Tuesday March 27. There was also talk about another cargo of similar materials being offered around $205 per tonne cfr China. A Chinese trader source attributed the sudden plunge in seaborne coking coal prices to the weakening downstream market."[Prices] had been...Read More

China's domestic rebar prices bounced back slightly on Tuesday March 27 amid a pick-up in trading activity following several days of big losses. Domestic Eastern China (Shanghai): 3,440-3,520 yuan ($547-560) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,660-3,690 yuan per tonne, up 20-30 yuan per tonne Rebar futures rose sharply during the morning trading session, hitting a high o...Read More

China's hot-rolled coil prices recovered some losses on Tuesday March 27 following a rebound in the futures market.DomesticEastern China (Shanghai): 3,730-3,780 yuan ($593-601) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 3,710-3,740 yuan per tonne, up 40 yuan per tonneThe paper market charted a recovery during the day after successive days of decreases, which provided support to the s...Read More

Metal Bulletin will launch a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.Cobalt sulfate is one of the key materials used to produce lithium-ion nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminium (NCA) batteries used in electric vehicles (EV). Chin...Read More

China's ferrous futures rose during morning trading on Tuesday March 27, with the steel contracts posting a strong recovery in particular after a week of losses.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,455 yuan ($549) per tonne, up 71 yuan per tonne May hot-rolled coil: 3,608 yuan per tonne, up 80 yuan per tonne Dalian Commodity Exchange May iron ore: 446 yua...Read More

Mining giant Rio Tinto (ASX, LON:RIO) has agreed to sell its Kestrel coal mine in Australia to private equity manager EMR Capital and Indonesian coal company Adaro Energy, in a deal worth $2.25 billion.The transaction makes of Rio Tinto the first major miner to exit the coal industry, and comes only a week after it announced the $1.7 billion-sale of its Hail Creek Mine, also in Australia, to Glen...Read More

Canada's Copper Mountain Mining (TSX: CMMC) has obtained shareholder approval for its planned acquisition of Australian junior Altona Mining (ASX:AOH) in a deal worth A$93 million, or about $71m at today's rates.Under the agreement, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a 41.7% premium based on closing prices at the time of both companies first...Read More

Vedanta, the London-listed natural resources company controlled by one of India's richest men, said Tuesday it was shutting its copper smelting operations in the south of the country, for a 15-day planned maintenance.The halt, originally scheduled for April, comes amid local media reports of massive protests around the smelter and even in front of the home of Vedanta's chief executive Anil Agarwal...Read More

Geneva-based IndustriALL, a global union federation that says it represents more than 50 million workers in 140 countries, joined forces with Building and Wood Workers' International to file a complaint against BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) under the Organisation for Economic Co-operation and Development's Guidelines for Multinational Enterprises. In a press release, the signatories...Read More

Canada-based Gungnir Resources (TSX-V: GUG) announced that authorities have approved a permit application to start drilling on its Knaften gold project, located in the Vasterbotten district of northern Sweden.According to the miner's website, Knaften covers Au in boulders and outcrop, as well as drill-indicated Au mineralization along a developing 10+ km long geochemical-magnetics trend in the Kna...Read More

http://trib.com/CHEYENNE - U.S. government officials who engage in regional planning for an area of Wyoming and Montana that supplies 40 percent of the nation's coal must consider reducing coal mining as a way to fight climate change, a judge has ruled.Friday's ruling by U.S. District Judge Brian Morris in Great Falls, Montana, applies to the Powder River Basin, where house-sized dump trucks haul...Read More