The seaborne premium hard coking coal market was quiet on Monday August 20, with Chinese buyers blaming adverse currency movements and port restrictions for their reluctance to procure imported materials. ...Read More
Turkish steel producers did not participate in the market on Monday August 20 and many expected there to be no trading this week because of the Islamic Eid al-Adha holiday....Read More
High growth in demand for lithium batteries is spurring a three-fold growth in mine production of the material over the next four years, according to analytics firm GlobalData. According to the company, 86,000 tonnes of new lithium metal capacity is slated to come on stream, tapping into the push toward the electrification of mobility, and in particular, growth in the development of batteries for...Read More
Turkey has requested dispute consultations with the United States at the World Trade Organization (WTO) regarding the doubling of US duties on certain imported steel and aluminium products, the trade group said on Monday August 20."Turkey claims that the measures are inconsistent with a number of provisions of the WTO's Agreement on Safeguards and the General Agreement on Tariffs & Trade [Gatt] 19...Read More
Alumina prices fob Australia continued to rise on Monday August 20 due to increased tightness in the spot market, with expectations of further price rises in the coming weeks. ...Read More
An "independent body" will decide in six weeks' time whether to close Sterlite's Tuticorin copper smelter in the southern Indian state of Tamil Nadu, according to local media reports on Monday August 20....Read More
Workers will not strike at Escondida, the world's largest copper mine, after an agreement was sealed between the union and operator BHP late last week. A new collective contract was signed on the afternoon of Friday August 17 between the company and Union No 1 representing around 2,500 Escondida mine workers, BHP said in a statement on Friday. The miner declined to provide details of the agreement...Read More
The latest metal markets news and price moves to start the North American day on Monday August 20....Read More
Base metal prices on the London Metal Exchange pushed higher during morning trading on Monday August 20, bolstered by a stronger yuan amid renewed talks between the United States and China. ...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday August 20*...Read More
US plate prices have rebounded by $0.50 per hundredweight ($10 per ton) after falling two weeks earlier, with mill price quotations edging higher due to tighter domestic supply, market participants told American Metal Market....Read More
CIS export slab prices continued to fall in the week ending Monday August 20, amid unfavorable market conditions in Turkey and across Europe. ...Read More
China's hot-rolled coil prices surged on Monday August 20, after production cuts led to a pick-up in domestic trading and fewer deals were heard in the export market, sources said....Read More
– SATURDAY, AUGUST 18, 2018, WITH YOUR HOST, MARK LEIBOVITWITH GUESTS: DON VIALOUX, HENRY WEINGARTEN, HARRY BOXER, JIM ROHRBACH AND SINCLAIR NOEhttps://tinyurl.com/yd7zmd3v The Bottom LineThe summer swoon in North American equity markets continued last week. Seasonal influences normally turn Negative from the third week in July to mid-October. More signs of a seasonal peak appeared last...Read More
Chinese vanadium export prices declined last week amid sluggish demand and lower prices outside the country, while European prices were marginally softer with the summer lull continuing to weigh on prices. ...Read More
Fob China ammonium paratungstate (APT) and ferro-tungsten prices continued their downward trend last week amid falling prices in China's domestic market and lackluster demand from the overseas market, while concentrate prices stabilized after six weeks of consecutive price drops. ...Read More
South Korean battery maker LG Chem has agreed an offtake deal with a major Chinese lithium producer. Chinese lithium producer Ganfeng will provide 47,600 tonnes of lithium hydroxide to the South Korean battery maker over three years to the end of 2022, it said.The material will be supplied at an adjustable market price, Ganfeng said on Wednesday August 15.LG Chem, which is 30.1% owned by LG Corp,...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday August 20.Base metals prices on the Shanghai Futures Exchange were up across the board during morning trading on Monday, with the complex finding support from an apparent easing in trade tensions between China and the United States.Check Metal Bulletin's live futures report here.The US...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. ...Read More
More concerns over steelmaking restrictions in China boosted steel prices on Monday August 20 while demand for iron ore cooled....Read More