Pilbara Minerals has made the first shipment of direct shipping ore (DSO) from its wholly owned Pilgangoora lithium-tantalum project in Australia.Via minor and iron ore explorer Atlas Iron, with which it has an offtake deal, Pilbara Minerals miner shipped 85,000 tonnes of DRO from Port Hedland to China on June 16.Pilbara Minerals has agreed to deliver at least 1 million tonnes of unprocessed lithi...Read More
Chile's National Economic Prosecutor's Office (FNE) is investigating the sale of a 24% stake in SQM, the country's largest lithium producer, to Chinese miner Tianqi.The deal comes at a time when lithium prices have soared thanks to increased demand from the electric vehicle sector, which requires lithium compounds to produce renewable car batteries. Metal Bulletin assessed the Chinese domesti...Read More
The recent uptrend in prices persisted across the Chinese, European and United States' vanadium markets owing to low availability. Fob China vanadium prices rose on domestic tightness as uptrend continues European ferro-vanadium market strengthened once again amid supply concerns US ferro-vanadium market ascends on low availability Metal Bulletin assessed fob China ferro-vanadium min 78...Read More
Production curtailments at major Chinese producer Ningxia Tianyuan will continue to support manganese flake and ferro-chrome markets, market participants have told Metal Bulletin. Last month, Ningxia Tianyuan, the world's biggest manganese flake producer, cut manganese flake output by around 16,000 tonnes per month after one of its three facilities were closed for maintenance, a source at the...Read More
Ammonium paratungstate (APT) prices continued to be buoyed in the latest pricing sessions by producer shutdowns in China's Jiangxi province, with the effects felt in the European market too. Low availability in the ammonium paratungstate market continues, but the export market saw fewer inquiries in the past week Prices for domestic tungsten concentrates and fob China ferro-tungsten remaine...Read More
Jupiter Mines has generated unexpectedly strong cashflow as a result of robust manganese ore prices and is proposing that its South African mine Tshipi Borwa distributes 1.5 billion South African rand ($111 million) to shareholders this September.Metal Bulletin's 37% manganese ore index, fob Port Elizabeth, rose 11 cents week on week to $5.63 per dry metric tonne unit (dmtu) on Friday June 15. The...Read More
Key data from Metal Bulletin's Wednesday June 13 pricing session in China.Key drivers- Demand from downstream participants has waned.- Chinese steel mills have not been active in procuring cargoes, leaving molybdenum concentrate producers with no choice but to reduce offers to secure business.-...Read More
Sentiment...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....Read More
Turkish ferrous scrap import prices were relatively stable on Tuesday June 19, with only slight movement seen after news of three deep-sea cargo bookings emerged following a pause in the market the previous day.A steel mill in the Iskenderun region booked a cargo from the United States on Monday comprised of 15,000 tonnes of HMS 1&2 (80:20) at $355 per tonne cfr, 15,000 tonnes of plate a...Read More
New US tariffs and threats of...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...Read More
A ferrous scrap cargo sold from the US East Coast to Turkey at higher prices on Monday June 18, indicating continued strength in the US scrap export market.One East Coast exporter sold 15,000 tonnes of an 80:20 mix of No 1 and No 2 heavy melting scrap at $355 per tonne cfr,...Read More
Aluminium Aluminium prices are under pressure after breaking...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 d...Read More
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
Copper hit by broad-based sell-off across...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...Read More
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
Weaker macro backdrop, but lead’s...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
Another ‘higher-low’ coming Although nickel prices have...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 d...Read More
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
Tin gives back its recent gains... 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
Dollar rally erodes previous gains Zinc...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 a...Read More