Aluminium was the only base metal on the London Metal Exchange to close in positive territory on Monday February 19, with the majority of the complex's prices under pressure.The three-month aluminium price closed $6 higher as it managed to stabilize above $2,200 per tonne following Friday's release of US Commerce department recommendations on imports."While prices have rallied from their recent lo...Read More
GABORONE – Zimbabwe is reportedly set to sign a diamond processing deal with Botswana within the next three months, after President Emmerson Mnangagwa met with his counterpart, President Ian Khama, this week in Gaborone.According to the state-owned Herald newspaper, Mnangagwa was in Botswana on a state visit.AdvertisementMnangagwa toured the world renowned Diamond Trading Company (DTC) that...Read More
Metal Bulletin has discontinued its weekly domestic China pig iron price.After a consultation period, Metal Bulletin has suspended the price due to lack of liquidity in the market amid the growth of integrated steel mills in China. If you have any comments on the discontinuation please contact July Zhang by email at: pricing@metalbulletin.com. Please add the subject heading FAO: July Zhang, re: do...Read More
The week-long Lunar New Year holiday slowed down European and Chinese tungsten markets last week with little spot activity taking place. Chinese, European markets were subdued during Lunar New Year holidays Week-long holidays expected to tighten tungsten supply further Expectations of price increase after China returns to the market China's tungsten market was quiet last week amid thin...Read More
The latest metal markets news and price moves to start the North American day on Monday February 19.Base metals prices on the London Metal Exchange were weaker during morning trading today, with most metals reversing gains seen last week.Here's how base metals prices looked...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday February 19. The LME aluminium price dipped 0.61% during early Asian trading on Monday February 19, reversing gains seen last Friday.Check Metal Bulletin's live futures report here.China's Ministry of Commerce (MOC) has called the findings of the United States' Section 232 investiga...Read More
Please join us tomorrow, Tuesday February 20th, when the next report is scheduled to be released. Today we are observing a holiday in Canada and the U.S.Sponsored By...More from the network: Stock Market Outlook for March 5, 2018Stock Market Outlook for March 2, 2018Stock Market Outlook for March 1, 2018Stock Market Outlook for February 28, 2018Stock Market Outlook for February 27, 2018Read More
Published on: Feb 19, 2018 | by Jonathan JacksonWhilst Pursuit Minerals (ASX:PUR) has been quiet lately, today's news indicates the company is once again about to ramp up operations at its Paperbark and Bluebush Projects North Queensland's Mt Isa Super Basin.Pursuit is planning five drill holes for 1,325m for the Paperbark Project to further investigate the new zinc discovery at the JE Zone Prospe...Read More
The metals complex on the London Metal Exchange is down an average of 0.1%, with the exceptions of aluminium that is off 0.6% ($2,186 per tonne) and nickel that is up 0.8% ($13,775 per tonne). Copper prices are off 0.1% at $7,177 per tonne. Volumes have been light with 2,354 lots traded as of 07:53 am London time. This follows a mixed performance on Friday when aluminium and tin prices were up 2.1...Read More
Aluminium was the only base metal on the London Metal Exchange to close in positive territory on Monday February 19, with the majority of the complex's prices under pressure.The three-month aluminium price closed $6 higher as it managed to stabilize above $2,200 per tonne following Friday's release of US Commerce department recommendations on imports."While prices have rallied from their recent lo...Read More
Domestic Chinese trading is preparing for a shake-up after the new International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange (SHFE), has announced it will allow non-Chinese companies to trade crude oil futures contracts.Following the release of a one-line statement from the China Securities Regulatory Commission (CSRC) on February 9 that announced the launch of domestic cr...Read More
Iron ore prices remained steady above $78 per tonne cfr China on Monday February 19 amid inactivity with Chinese market participants away for the Lunar New Year.Metal Bulletin's 62% Fe Iron Ore Index Today: $78.43 per tonne cfr QingdaoDaily change: unchangedMonth-to-date average: $76.56 per tonneMetal Bulletin's 58%...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
Turkish steel producers continued their deep-sea scrap purchases at the end of last week, which resulted in a rise in the daily scrap indices on Monday February 19....Read More
CIS export billet prices continued climbing in the week ending Monday February 19 as deals were heard concluded at higher prices, supported by positive dynamics in the scrap and finished long steel sector.Metal Bulletin's weekly export CIS Billet Index was $513 per tonne fob Black Sea on February 19, up from $498 per tonne fob.Buying activity was predominantly concentrated in the Turkish mark...Read More
Non-ferrous metals producer Korea Zinc will increase sales of zinc from its directly owned smelting assets in 2018 by 8%, or 50,000 tonnes, while reducing its lead and silver volumes, it said on February 8.The company plans to cut sales of lead by 10,000 tonnes to a total of 410,000 tonnes, and to reduce silver sales by 10%, or 216 tonnes, to 1,900 tonnes.Zinc sales will increase to an annual tota...Read More
Commodities trader Noble Group expects to report losses for both the fourth quarter of 2017 and the full year ended December 31, because of challenging trading conditions and substantial losses at its coal, steel and metals businesses.Noble Group expects a total net loss of $4.7-4.9 billion for the year, it said in a filing to the Singapore Exchange.Operating conditions "continued to be challengin...Read More
Russian billionaire Oleg Deripaska will step down from his roles as president of both Rusal and EN+ Group, the power company which owns a controlling stake in the aluminium producer, an industry source has told Metal Bulletin.Maxim Sokov, the current chief executive officer of EN+, and Rusal CEO Vladislav Solovyov will take over the presidencies of the respective companies...Read More
The latest metal markets news and price moves to start the North American day on Monday February 19.Base metals prices on the London Metal Exchange were weaker during morning trading today, with most metals reversing gains seen last week.Here's how base metals prices looked...Read More
Base metals prices on the London Metal Exchange were weaker during morning trading on Monday February 19, with most metals reversing gains seen last week. The three-month copper price was recently trading $62.50 per tonne lower than Friday's 5pm closing price and coming under pressure at the $7,200 per tonne level. Market volumes are expected to remain thin today with Chinese traders away for the...Read More