Domestic prices for steel wire rod narrowed upward by ?,?20 per tonne in Southern Europe this week as mills in the region raised their offer prices, sources told Metal Bulletin on Wednesday January 24.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Southern Europe narrowed upward to ?,?540-550 ($662-675) per tonne delivered on January 24, from ?,?520-550 per tonne de...Read More
TSX: VGZwww.vistagold.com Mr. Frederick Earnest reports:DENVER, Jan. 24, 2018 /CNW/ -- Vista Gold Corp. ("Vista" or the "Company") (NYSE American and TSX: VGZ) today announced the positive results of an updated preliminary feasibility study (the "PFS") for its Mt Todd gold project ("Mt Todd" or the "Project") in Northern Territory, Australia. The PFS is based on the results of a comprehensive revi...Read More
Domestic prices for rebar in Northern Europe remained largely stable week-on-week as European mills looked to raise offers, sources told Metal Bulletin on Wednesday January 24.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?555-565 ($681-693) per tonne delivered on Wednesday, narrowing ?,?5 per tonne on each end...Read More
Key data from the Wednesday January 24 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeKey drivers: - The ferro-titanium spot price is steady within its trading range this week, although some sources assessed the market slightly lower but with no confirmed trades. - Sources reported firm underlying consumption from steelmakers, with buying interest...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday January 24:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.00-12.20 per lb from $11.70-12.00 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $29.75-30.50 per kg from...Read More
Major Chinese stainless steel mills Baosteel and Taiyuan Iron & Steel (Tisco) have raised their high-carbon ferro-chrome tender prices for February delivery due to concerns over the tightening supply of the ferro-alloy. Baosteel has raised its high-carbon ferro-chrome tender price for February delivery to 7,900 yuan ($1,234) per tonne, 600 yuan higher than its tender price for January delivery, a...Read More
China's coke export prices continued to weaken over the past fortnight, but the between offers widened amid limited trading activity.Metal Bulletin's price assessment for Chinese coke exports with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $340-350 per tonne fob China for the week ending Tuesday January 23.This was down from $350-360 per tonn...Read More
Turkish steel mills returned to the deep-sea scrap markets for material at lower prices on Wednesday January 24, after a short break for price negotiations.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $346.50 per tonne cfr, down by $7.44 per tonne day-on-day.The daily index...Read More
The latest metal markets news and price moves to start the North American day on Wednesday January 24.Copper prices on the London Metal Exchange have recovered 1.3% during morning trading despite another large delivery into LME warehouses.The three-month copper price plummeted to a 2018 low of $6,885 per tonne yesterday after inventories increased a net 36,300 tonnes to 248,075 tonnes. A further 2...Read More
Iron ore prices remained steady around $74 per tonne cfr China on Wednesday January 24 amid mixed signals from China's steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $74.53 per tonne cfr Qingdao Daily change: up by $0.24 per tonne Month-to-date average: $76.38 per tonne Metal Bulletin's 58% Fe...Read More
Prices for iron ore fines were relatively steady on Wednesday January 24 amid mixed signals from China's steel and futures markets, but premiums for lumps continued to rise.Key drivers China's steel futures continued to outperform those for iron ore, with the benchmark rebar and hot rolled coil contracts ending around 1% higher than the previous day's settlement price, while that for iron ore clos...Read More
Trading activity in the seaborne coking coal market picked up slightly on Wednesday January 24 although there was still little enthusiasm among buyers. A distressed cargo of second-tier materials changed hands at $190 per tonne cfr China, according to various market participants. "It managed to fetch a $5 per tonne premium since it's already on the water. Otherwise, Chinese buyers would have still...Read More
China's ferrous futures had a mixed morning on Wednesday January 24, with steelmaking raw materials contracts experiencing little change while those for steel ended the session higher after the release of mills' production data a day earlier.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,935 ($614) per tonne, down 22 yuan per tonne May hot-rolled coil: 3,926 yuan p...Read More
Comex copper prices bounced back on Wednesday January 24 from a one-month low hit earlier this week, which reflected the dollar hitting its lowest since December 2014.Copper for March settlement on the Comex division of the New York Mercantile Exchange jumped by 9 cents or 2.9% to $3.2010 per lb. Yesterday, the contract touched a one-month low."The main story of the day has to be the weakness we a...Read More
Tin stocks at London Metal Exchange warehouses have fallen further since the start of 2018, with a 34% reduction in on-warrant stocks pushing tin prices to a three-month high.Total tin stock levels are at 1,780 tonnes as of Wednesday January 24 - their lowest since the 1980s - after a series of cancelations and deliveries out since January 10. This is in comparison with the start of 2017, when Jan...Read More
Copper prices on the London Metal Exchange have recovered 1.3% during morning trading on Wednesday January 24 despite another large delivery into LME warehouses. The three-month copper price plummeted to a 2018 low of $6,885 per tonne yesterday after inventories increased a net 36,300 tonnes to 248,075 tonnes. A further 28,600 tonnes were delivered in today across Asian locations, taking the total...Read More
Manganese flake prices surged above $2,000 per tonne amid ongoing environmental inspections in China with further production disruptions adding fresh impetus to this year's rally."The price rally seems to be heading up. I had bids at $1,950 for prompt in Rotterdam this week. I am not selling at this level anymore though. I'm holding out for above $2,000 now," a manganese trader told Metal Bulletin...Read More
Anglo American (LON:AAL) may no need to shut its massive Minas Rio in Brazil after all, since the company expects authorities for the state of Minas Gerais, where the iron ore operation is located, to issue the long-awaited permits this month.According to O Petr??leo (in Portuguese), the company said it was confident it would receive approval by Friday. It would, however, still need an operating l...Read More
Silicon metal prices in the United States will find limited support from US President Donald Trump's decision to impose hefty duties on imported solar panels, industry sources said. While the measure could encourage local production and consequently have an impact on the demand for silicon, the key driver for the metal's price will be the final determinations on the trade investigations of US sili...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) plummeted Wednesday after the company reported marked drops in gold and copper output during the last quarter of 2017, which weighted on full-year production.Gold production fell to 212,400 ounces in 2017, a dramatic 21.6% decreased when compared to the previous year. In the fourth quarter alone, output of the precious metal reached 40,500 ounces...Read More