Base Metal Stocks Articles

GLOBAL MANGANESE WRAP: Ore prices keep rising in China on higher offers, alloy prices mixed across regions

June 19, 2018 / Janie Davies

Seaborne and port manganese ore prices advance again on higher offers from miners and traders. Manganese ore prices up due to higher offers Alloy prices rise in China on production cuts, low inventory levels Alloy prices hold in India, EuropeFerro-manganese prices drop in US, oversupply fears take holdManganese ore prices continued rising on Friday June 15 while miners hiked offer prices and trade...Read More

Norway joins WTO complaints against US Section 232 tariffs

June 19, 2018 / Viral Shah

Norway has joined a growing list of countries requesting dispute consultations with the United States at the World Trade Organization, regarding US duties on certain imported steel and aluminium products, the WTO said on Tuesday June 19."Norway claims the US duties of 25% and 10% on imports of steel and aluminium products, respectively, are inconsistent with provisions of the WTO's General Agreeme...Read More

Iron ore producer Hancock Prospecting bids for Atlas Iron

June 19, 2018 / Deepali Sharma

Australian iron ore producer Hancock Prospecting has made an all-cash bid to acquire Atlas Iron, the latter said on Monday June 18. "The Redstone offer represents a 41% premium to the implied value of [Mineral Resources Limited's] proposal as at close of trading on 15 June 2018," Atlas Iron said. Redstone Corp is a wholly owned subsidiary of Hancock Prospecting. In April this year, Mineral Resourc...Read More

China AM: Ferrous futures tumble amid threats of new US tariffs

June 19, 2018 / Fiona Lam

Chinese ferrous futures all declined during morning trading on Tuesday June 19 amid threats of a fresh round of tariffs by the United States on Chinese imports.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,781 yuan ($587) per tonne, down 84 yuan per tonneOctober hot-rolled coil: 3,859 yuan per tonne, down 74 yuan per tonne Dalian Commodity Exchange September ir...Read More

HOTTER ON METALS: G?(C)camines talks tough in DRC

June 19, 2018 / Andrea Hotter

Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 19/06

June 19, 2018 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday June 19. Please click...Read More

LIVE FUTURES REPORT 19/06: LME base metals struggle; Ali leads complex lower

June 19, 2018 / Hassan Butt

Base metals on the London Metal Exchange ended trading broadly lower on Tuesday June 19, lead by a 2.2% drop in aluminium prices while nickel and zinc's three-month prices dipped 2.1%. Pressured by a surging US dollar index, which reached a fresh 2018 high of 95.30, the base metals complex traded lower throughout the day.Aluminium's three-month price recorded the largest drop of the day, shedding...Read More

Norway joins WTO complaints against US Section 232 tariffs

June 19, 2018 / Viral Shah

Norway has joined a growing list of countries requesting dispute consultations with the United States at the World Trade Organization, regarding US duties on certain imported steel and aluminium products, the WTO said on Tuesday June 19."Norway claims the US duties of 25% and 10% on imports of steel and aluminium products, respectively, are inconsistent with provisions of the WTO's General Agreeme...Read More

NORTH AMERICAN MORNING BRIEF 19/06: LME base metals lower; Chinese moly prices under pressure; Hancock Prospecting bids for Atlas Iron

June 19, 2018 / Tanya Ashreena

The latest metal markets news and price moves to start the North American day on Tuesday June 19. Base metals on the London Metal Exchange were broadly lower during morning trading after escalated trade tensions between the United States and China, as well as a surging dollar index, pile pressure on the complex.Nickel prices recorded the sharpest drop of the complex, falling more than 2% to a...Read More

EUROPEAN MORNING BRIEF 19/06: Manganese ore prices climb again; copper concs TC/RCs driven higher by smelters; US Ali billet upcharge reaches new high

June 19, 2018 / Anna Xu

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday June 19.Base metals prices on the Shanghai Futures Exchange were all down during Asian morning trading on Tuesday, with concerns of a full-blown trade war between the United States and China denting market sentiment and inducing a wave of selling across the complex.Check Metal Bulletin...Read More

HOTTER ON METALS: G?(C)camines talks tough in DRC

June 19, 2018 / Andrea Hotter

Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More

LIVE FUTURES REPORT 19/06: LME base metals struggle; Ali leads complex lower

June 19, 2018 / Hassan Butt

Base metals on the London Metal Exchange ended trading broadly lower on Tuesday June 19, lead by a 2.2% drop in aluminium prices while nickel and zinc's three-month prices dipped 2.1%. Pressured by a surging US dollar index, which reached a fresh 2018 high of 95.30, the base metals complex traded lower throughout the day.Aluminium's three-month price recorded the largest drop of the day, shedding...Read More

IRON ORE DAILY: Trade war concerns drag down futures, physical prices

June 19, 2018 / July Zhang

Iron ore prices fell in both the physical and paper markets on Tuesday June 19 amid threats of a new round of tariffs by the United States on Chinese imports.Metal Bulletin 62% Fe Iron Ore Index: $66.45 per tonne cfr Qingdao, down by $2.04 per tonneMetal Bulletin 58% Fe Premium Index: $53.62 per tonne cfr Qingdao, down by $0.57 per tonneMetal Bulletin 65% Fe Iron Ore Index: $86.80 per tonne cfr Qi...Read More

COKING COAL DAILY: Seaborne market flat amid inactivity

June 19, 2018 / Sophie Zhao

There was little movement in the seaborne coking coal market on Tuesday June 19 with both buyers and sellers remaining on the sidelines.China's coke sector - which has been under strict production restrictions since early this year due to the Chinese government making an aggressive push toward cutting emissions - remains a major determining factor for price movements in the coking coal market."End...Read More

Rusal starts bauxite exports from Guinea's Dian-Dian

June 19, 2018 / Charlotte Radford

UC Rusal has started to export bauxite mined at Dian-Dian in Guinea's Bok?(C) province. Shipments follow the completion of the first stage of development at the deposit, which has capacity of 3 million tonnes per year of bauxite. As part of the first stage, Rusal has built the necessary roads, railway and other infrastructure needed...Read More

GULF FLAT STEEL IMPORTS: Prices stable after UAE returns to market

June 19, 2018 / Serife Durmus

Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week following the Eid al-Fitr break, sources told Metal Bulletin on Tuesday June 19.Buyers expect new price offers later this week or early next week. The UAE returned to work on Monday June 18, but Saudi Arabia will continue celebrating Eid until Thursday June 21. UAE traders expect offers from China to...Read More

US mill-grade aluminum scrap prices drift lower

June 19, 2018 / Bradley MacAulay

Mill-grade aluminium scrap prices in the United States have edged lower following declines on the London Metal Exchange, while most smelter-grade scrap prices maintained a steady footing.Prices for mill-grade aluminium scrap fell by 2 cents per lb across the board on Monday June 18, while the price for used beverage cans also dropped by 2 cents, according to American Metal Market's...Read More

US copper cathode premium hits nearly 4-year high

June 19, 2018 / Dalton Barker

The US Midwest copper premium in the United States has risen by a half-cent, with freight costs propelling the market to a nearly four-year high.American Metal Market's assessment of the US copper cathode premium rose to 6.5-7 cents per lb delivered to the Midwest on Tuesday June 19, the highest level since mid-July 2014. This marks the second upward move since late May, when t...Read More

PRICING NOTICE: Correction to Rotterdam duty-unpaid aluminium single number

June 19, 2018 / Justin Yang

This notice is for a correction to Metal Bulletin's assessment of the Rotterdam duty-unpaid aluminium P1020 single number premium, published on June 19, 2018.Metal Bulletin has corrected its Rotterdam duty-unpaid aluminium P1020 single number premium, which was published incorrectly on June 19, 2018 due to an input error.The premium should have been $95 per tonne in-warehouse, not $100 per tonne i...Read More

Brazilian flat steel sales down in May due to truckers' strike

June 19, 2018 / Felipe Peroni

Flat steel sales from Brazilian distributors dropped by 15.8% year on year in May, as the market was affected by the two-week truck drivers' strike last month.Sales reached 203,000 tonnes during the month, compared with 241,000 tonnes a year before, according to figures released by national flat steel association Inda on Tuesday June 19. Shipments also dropped by 9.8% from April's level of 225,100...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok