Seaborne manganese ore prices held steady over the past week, while alloy prices weakened in China in anticipation of smelter restarts. Manganese ore prices gain a few cents week on week Chinese alloy prices weaken as market awaits Ningxia restarts Silico-manganese prices rise in India on rupee and steel sector strength European alloy prices rise on tighter prompt availability US silico-manganese...Read More
Iron ore output in Peru increased by 29.28% year-on-year in November 2017, according to figures released by the country's mining ministry, MEM, on Friday January 5.Production came to 901,253 tonnes, against 697,108 tonnes a year before.In January-November 2017, Peruvian iron ore output totaled 7.95 million tonnes, up by 12.35% from the 7.08 million tonnes produced in the corresponding period of 20...Read More
Iron ore prices jumped to almost $78 per tonne cfr China on Monday January 8 as the futures market gained strength.Metal Bulletin's 62% Fe Iron Ore Index Today: $77.74 per tonne cfr QingdaoDaily change: up by $0.94 per tonneMonth-to-date average: $76.15 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.58 per tonne cfr QingdaoDaily...Read More
The seaborne coking coal market remains deadlocked on Monday January 8 as buyers opt to sit on the sidelines while sellers are not lowering their offers.Metal Bulletin's indices are all unchanged for the day, at $211.20 per tonne cfr China and $257.39 per tonne fob Australia for premium hard coking coal, and $190.20 per tonne cfr China and $187.73 per tonne fob Australia for hard coking coal. "Our...Read More
The seaborne iron ore concentrates market has remained strong over the past two weeks, with some mills and traders stocking up for the Chinese New Year break.China's seven-day Lunar New Year celebrations start on Friday February 16 and market participants do not anticipate a resumption in production until mid March. But there are concerns that the upward momentum might slow due to r...Read More
The seaborne iron ore market received a boost on Monday January 8 froma strong futures market. Key drivers China's Ministry of Industry & Information Technology (MIIT) announced on Monday that no new capacity will be allowed in the steel, cement and flat glass industries, and issued specific requirements for steel mills replacing old with new capacities. The announcement s...Read More
Lead and zinc began the week slightly higher while the rest of the base metals on the London Metal Exchange came under pressure on Monday January 8.Zinc was Monday morning's best performer, up $13 to $3,365 per tonne. Aluminium, meanwhile, continued to slip marginally lower, down $12 to $2,193.50 per tonne."There's some consolidation, it's a pretty quiet start to the week after an active start to...Read More
The spot gold price rose during Asian morning trading on Monday January 8, underpinned by weakness in the dollar following a disappointing US jobs report at the end of last week.The spot gold price was recently quoted at $1,320.25-1,320.60 per oz, up by $1.25 from the previous trading day's close. Trade has ranged from $1,319.33-1,322.25 per oz so far today.Gold has been the beneficiary of a weake...Read More
Indium prices have moved up on the higher range because of the tight availability of crude indium.Indium prices have climbed to a higher range because of tight availability of crude indium, market participants said.Metal Bulletin assessed the free market indium price at $250-280 per kg on an in-warehouse basis on Friday January 5, up from $250-270 per kg on Wednesday and lows of $220-$245 per kg o...Read More
Frank Arm, Retorte's head of sales and marketing, left the company last week, Metal Bulletin has learned. Arm had spent almost nine years at the German...Read More
Key data from Metal Bulletin's Friday January 5 pricing session in Europe.Germanium Metal Rotterdam $ per kg Key drivers:- Lack of supply in the global market- Good demand in Europe and China offset subdued...Read More
Key data from Metal Bulletin's Friday January 5 pricing session in Europe.Gallium Metal MB free market $/kgFridayPreviousChange to midpoint of rangeMidpoint % change160-175155-17053.1%Key drivers: - Shortage of stock due...Read More
European antimony prices have started the year on a positive note with prices edging up slightly for both grades amid a tightening market.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,000-8,350 per tonne on Friday January 5, stable from Wednesday's assessment when prices had increased from $7,950-8,300 per tonne.Trioxide grade antimony prices in-wareho...Read More
The seaborne iron ore market received a boost on Monday January 8 froma strong futures market. Key drivers China's Ministry of Industry & Information Technology (MIIT) announced on Monday that no new capacity will be allowed in the steel, cement and flat glass industries, and issued specific requirements for steel mills replacing old with new capacities. The announcement s...Read More
China's ferrous futures prices turned around to surge late in the afternoon on Monday, January 8 after the country's officials declared stricter steel capacity replacement criteria to be implemented from this year.The production facilities that will be allowed to have capacity replaced will only include those recorded in capacity replacement plans approved by local or central governments...Read More
Palisade Research January 8, 2018 Category: Research India's government just shocked the automobile and commodity marketplace. They made the ambitious move in declaring that by 2030, all vehicles sold will be Electric Vehicles (EV's). The papers finalizing the policy could be signed by year end. . ."The government has declared that India - set to be the world's third largest car market within fi...Read More
(Repeats for market hours. No change to text.)* China's FX reserves climb by $20 bln in December* Economists polled by Reuters expected reserves to rise by $6 bln* Eleventh month of gains, longest stretch since June 2014* Reserves rise $129.5 bln in 2017, first annual gain since 2014 BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in Decembe...Read More
SYDNEY, Jan 8 (Reuters) - Australia on Monday said it expects iron ore prices to average $51.50 a tonne this year, down 20 percent from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks.The world's top three mining companies, BHP and Vale rely heavily on iron ore sales for the bulk of their revenue despite efforts to diversify more int...Read More
BEIJING, Jan 7 (Reuters) - * China gold reserves were at 59.240 million fine troy ounces at end-Dec, unchanged vs end-Nov, the central bank said on Sunday. (Reporting by Josephine Mason) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, nei...Read More
By Yereth RosenANCHORAGE, Alaska, Jan 5 (Reuters) - U.S. regulators formally launched a review process on Friday that could produce a permit a Canadian mining group needs to build the Pebble Mine copper and gold project in southwest Alaska, which is opposed by environmentalists. The U.S. Army Corps of Engineers, the federal agency that regulates the development and dredging of wetlands, has publi...Read More