The latest ferrous scrap cargo sold out of the United States to Turkey saw prices for an 80:20 mix of No 1 and No 2 heavy melting scrap drop by $28 per tonne, continuing a trend of falling prices seen throughout this summer - and exacerbated by increasing trade tensions this month....Read More
Light iron scrap prices in the UK were unchanged on Friday August 17 for a third consecutive week despite a fall in export prices for shredded scrap and the settlement of monthly deliveries to domestic consumers for August....Read More
Turkish steel producers returned to the deep-sea scrap markets and resumed their September bookings at lower prices on Friday August 17....Read More
European prices for austenitic alloy steel scrap decreased because of lower nickel prices this week, with market activity remaining subdued during the seasonal summer slowdown....Read More
Physical iron ore prices rebounded on Friday August 17 amid advances in the futures and steel markets....Read More
China's domestic rebar prices moved up on Friday August 17 following higher billet and futures prices. ...Read More
The seaborne coking coal market was largely stable on Friday August 17 with bid and offers still diverged. ...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday August 17*...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday August 17:...Read More
Key data from the pricing sessions in London and Shanghai on Friday August 17. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday August 17.Base metals prices on the Shanghai Futures Exchange recovered during morning trading Friday after the promise of renewed talks between the United States and China ushered some risk-on sentiment back into the market.Check Metal Bulletin's live futures report here.Copper and bra...Read More
Base prices for both flat and long stainless steel products in Europe were assessed unchanged for the tenth consecutive week on Friday August 17....Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday August 17:...Read More
Alcoa workers in Western Australia will continue to strike indefinitely after the company and the Australian Workers' Union (AWU) failed to come to a compromise....Read More
Gold continues to trade lower, effectively trading and closing at the lowest price point this year. In trading overseas, last night gold futures hit a low of $1,167.10 before recovering. As of 3:30 PM Eastern standard time, December Comex futures are currently trading off by $4.20 and fixed at $1,180.80. Although the dollar index is trading slightly lower on the day, there is an undeniable pressur...Read More
(Kitco News) - Some primary silver producers are no doubt feeling pain these days after the sell-off in silver prices so far this year, but don’t look for major supply cutbacks any time soon, analysts said.That’s because it costs so much to shut down and restart mines that companies will put up with a loss on operations for an extended time before doing anything as drastic as mine clos...Read More
(Kitco News) - This summer’s massive drop in commodities could be a sign of a “rising macro risk” that is going unnoticed by the U.S. stock market, according to Bloomberg Intelligence.“Declining commodity prices are inconsistent with a recovering global economy, unless the receding tide is an early warning of rising macro risk. This should put the U.S. stock market at a gre...Read More
(Kitco News) - Gold prices are holding slight gains in early-afternoon U.S. trading Thursday, while silver is posting a solid rally. Both markets are seeing correctives rebounds after gold hit a nearly 1.5-year low and silver scored a two-year low earlier today. The U.S. dollar has backed off a bit from its 14-month high scored on Wednesday, while crude oil prices are seeing a modest rally today....Read More
Osisko Mining Inc. (TSX: OSK) has agreed to acquire all shares of Beaufield Resources Inc. (TSXV: BFD), the two companies report. Holders of Beaufield shares would receive 0.0482 of a common share of Osisko for each Beaufield share. This represents an implied offer price of $0.082 per Beaufield share based on Osisko’s Aug. 14 closing price, plus a premium of approximately 54% based on the 20...Read More