The Brazilian miner Vale had 11 billion Reais ($2.91 billion) blocked by local judges following the rupture and flood at one of its tailings dams at the C??rrego do Feij??o mine, while the company is also already subject to fines of up to 349 million Reais.Three separate rulings in the Brazilian state of Minas Gerais over the weekend accepted complaints from the state's administration and prosecut...Read More
Iron ore prices shot up across the board on Monday January 28 amid market expectations of supply disruptions following a tailings dam failure at Vale's C??rrego do Feij??o mine in Brazil.MB 62% Fe Iron Ore Index: $78.18 per tonne cfr Qingdao, up $3.49 per tonne. MB 62% Fe Pilbara Blend Fines Index: $79.02 per tonne cfr Qingdao, up $3.49 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $79.81 per t...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday January 28 *Copper -$98.15 (-622.81 yuan) Aluminium -$371.18 (-2,506.50 yuan) Zinc -$122.44 (-826.80 yuan) Nickel -$41.15 (-277.90 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
The London Metal Exchange's Special Committee has removed the "temporary conditional suspension" on Rusal metal, allowing the warranting of all material dated before and after April 6, 2018, to resume, it said in a note to members on Monday January 28. The move comes after the US Department of the Treasury's Office of Foreign Assets Control (OFAC) decision to remove sanctions imposed on En+, UC Ru...Read More
Aluminium's three-month price on the London Metal Exchange fell below its nearby support level of $1,900 per tonne during morning trading on Monday January 28, after the US removed sanctions on Russia's biggest aluminium producer, UC Rusal.First imposed on April 6, 2018, the United States' sanctions against the Russian producer spurred uncertainty in both the physical aluminium and alumina markets...Read More
The seaborne coking coal spot market was largely stable on Monday January 28 amid thin trading and little change to offers.A March-loading 80,000-tonne cargo of premium mid-vol hard coking coal was traded at $200 per tonne fob Australia, sources said during the day.Another shipment involving the same brand, also scheduled to be loaded in March, was sold at a 1-2% premium against a basket of indice...Read More
Vital Materials has appointed Nick Boulton as its global sales and product manager, the company told Fastmarkets on Friday January 25. Boulton, who will be based in the United Kingdom in this role, holds over 30 years' experience in multiple roles across a variety of market segments including petrochemicals, fine chemicals pharmaceuticals...Read More
Cobalt prices slumped to near two-year lows last week before stabilizing after a psychological move through $20 per lb incited an improved level of spot inquiries. Fastmarkets' standard-grade cobalt price ended the week at $19-21.15 per lb, in-warehouse, compared with $19-21.40 per lb midweek. Prices had slumped by 9.5% two days earlier. Alloy-grade cobalt prices were slightly lower at $...Read More
Key data from the pricing sessions in London and Shanghai on Friday January 25.ChinaThe Chinese silicon fob price held steady in a quiet export market with few inquiries and only a little trade ahead of the looming Chinese New Year holiday (Feb 4-10).Prices have been underpinned by supply constraints, with some silicon refiners in southern China curbing production to avoid higher electricity...Read More
A summary of OZ Minerals' production results for the year ended December 31, 2018, as well as its production target for 2019. (Full-year total, year-on-year percentage change) Copper concentrate production 115,998 tonnes, +4% Gold production 135,647 oz, +7% 2019 guidance: Copper...Read More
The global antimony market was quiet in the week ended Friday January 25, with trade thinning ahead of Lunar New Year on February 5. In Europe, Fastmarkets' price assessment for trioxide-grade antimony, in-warehouse Rotterdam, was stable week on week at $7,800-8,000 per tonne on Friday. The price for MMTA standard-grade II antimony, in-warehouse Rotterdam, was also unchanged last week at $7,700-7,...Read More
A summary of Imperial's production results for the year ended December 31, 2018 as well as its production target for 2019. IN BRIEF:The company is a Canada-based exploration, mine development and operating company. Through its subsidiaries, Imperial owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. It also holds a 50% interest in the Ruddock...Read More
Chinese ferro-vanadium exporters refrained from offering material ahead of Lunar New Year (February 4-10) and amid a lack of readily available metal, while European ferro-vanadium prices moved up after suppliers held on to their material in a tight market. Chinese ferro-vanadium export price static on thin trading European prices edge higher on tight supply, though spot demand is limited&nb...Read More
The price of ammonium paratungstate (APT) continued its downward trend last week amid weakening demand, while Fanya stock fears re-appeared following news the failed exchange is releasing some indium stocks for auction. APT price falls in China; spot activity picks up in Europe but sentiment still bearish Concentrate price stable amid slow trading European ferro-tungsten edges down on...Read More
Bias...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subsc...Read More
Eyeing US-China trade talks to provide...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Aluminium In last week’s report we noted that...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download th...Read More
In this week’s analysis, we focus...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
ILZSG data showed a 34,900-tonne...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Back above $12,000 per tonne Nickel has rallied...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More