South32 will acquire the remaining 83% stake in junior zinc miner Arizona Mining for $1.3 billion in cash, the company said on Monday June 18. At an offer price of C$6.20 ($4.70) per share, South32 will pay a 50% premium over the Arizona Mining closing price on Friday June 15, it said. Arizona mining is the owner of the greenfield Hermosa project, which includes a zinc-lead-silver sulfide deposit...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
G?(C)camines is to invite all of its joint venture partners to discuss the terms and conditions of their mining contracts with it in an effort to restructure them, the chairman of the Congolese state-run company said. According to Albert Yuma, the goal of the various discussions will be to ensure reasonable levels of capitalization and more shared decision-making mechanisms. "Otherwise, we will no...Read More
Chinese silicon export prices continued to weaken over the past week amid slack demand from downstream producers, while the European market was once again unchanged due to a lack of significant trading activity.The Chinese silicon export market weakened further in the week ended Friday June 15, with prices continuing to fall amid limited buying interest, particularly from secondary aluminium alloy...Read More
G?(C)camines is to invite all of its joint venture partners to discuss the terms and conditions of their mining contracts with it in an effort to restructure them, the chairman of the Congolese state-run company said. According to Albert Yuma, the goal of the various discussions will be to ensure reasonable levels of capitalization and more shared decision-making mechanisms. "Otherwise, we will no...Read More
Comex copper prices on Monday June 18 are on a three-day downturn to a two-week low amid escalating trade conflicts between the United States and China. Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.65 cents or 1.2% to $3.1080 per lb. Earlier, the contract traded at $3.1065, the lowest since June 4. A rekindling of trade disputes between the US and Chi...Read More
South32 will acquire the remaining 83% stake in junior zinc miner Arizona Mining for $1.3 billion in cash, the company said on Monday June 18. At an offer price of C$6.20 ($4.70) per share, South32 will pay a 50% premium over the Arizona Mining closing price on Friday June 15, it said. Arizona mining is the owner of the greenfield Hermosa project, which includes a zinc-lead-silver sulfide deposit...Read More
G?(C)camines is to invite all of its joint venture partners to discuss the terms and conditions of their mining contracts with it in an effort to restructure them, the chairman of the Congolese state-run company said. According to Albert Yuma, the goal of the various discussions will be to ensure reasonable levels of capitalization and more shared decision-making mechanisms. "Otherwise, we will no...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Import prices for rebar in Singapore were up slightly over the past week on continued spot demand in the market.There continued to be some demand, with major fabricators in the spot market enquiring about spot cargoes."Singapore buyers continue to bid at $540-550 per tonne cfr Singapore. However, they are not expected to budge at anything above this price this week," an industry source in Singapor...Read More
China's Laigang Yongfeng will increase its capacity by 1.87 million tpy with the addition of two continuous casters.The two continuous casters will be installed at its Dezhou facility to add on to a new electric-arc furnace. The new mill will produce 870,000 tpy of different "special bar quality" (SBQ) steel grades, including bearing steel. It wil also produce 1 million tpy of rebar, equipment mak...Read More
The widely-anticipated third-quarter European ferro-chrome benchmark price reduction is likely to be smaller than early estimates, market sources say, amid rising spot prices in China and Europe. The ferro-chrome benchmark is negotiated quarterly by a leading South African ferro-chrome producer and a major stainless steel mill. The second-quarter price settled at $1.42 per lb and the third-quarter...Read More
Nickel prices on the London Metal Exchange had fallen by 1.4% by the close of trading on Monday June 18, pressured by a strong dollar index and low trading volumes across the complex. Closing below $15,000 per tonne for the first time since May 29, nickel's three-month price has edged away from its steady approach towards $16,000 per tonne last week. Pressured by a surging dollar index, which reac...Read More
G?(C)camines is to invite all of its joint venture partners to discuss the terms and conditions of their mining contracts with it in an effort to restructure them, the chairman of the Congolese state-run company said. According to Albert Yuma, the goal of the various discussions will be to ensure reasonable levels of capitalization and more shared decision-making mechanisms. "Otherwise, we will no...Read More
Comex copper prices on Monday June 18 are on a three-day downturn to a two-week low amid escalating trade conflicts between the United States and China. Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.65 cents or 1.2% to $3.1080 per lb. Earlier, the contract traded at $3.1065, the lowest since June 4. A rekindling of trade disputes between the US and Chi...Read More
Spot copper concentrate treatment and refining charges (TC/RCs) jumped up sharply in the first half of June after smelters overcame resistance from traders and miners to sell at higher levels. Metal Bulletin's copper concentrates TC/RC index shot up by $3.40 per tonne / 0.34 cents per lb on Friday June 15 to its highest level since January, when the index normalization method was adjusted to...Read More
The latest metals news and price moves to start the North American day on Monday June 18.Base metals on the London Metal Exchange were mostly higher during morning trading on Monday June 18 despite pressure from another surge in the dollar index.Here's how...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday June 18. Three-month base metals prices on the London Metal Exchange were broadly down during Asian morning trading on Monday, with a stronger dollar weighing on the complex. The dollar index rose considerably last Friday, surpassing its previous 2018 high with a jump to 95.14 - its hig...Read More
Nickel prices on the London Metal Exchange had fallen by 1.4% by the close of trading on Monday June 18, pressured by a strong dollar index and low trading volumes across the complex. Closing below $15,000 per tonne for the first time since May 29, nickel's three-month price has edged away from its steady approach towards $16,000 per tonne last week. Pressured by a surging dollar index, which reac...Read More
Comex copper prices on Monday June 18 are on a three-day downturn to a two-week low amid escalating trade conflicts between the United States and China. Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.65 cents or 1.2% to $3.1080 per lb. Earlier, the contract traded at $3.1065, the lowest since June 4. A rekindling of trade disputes between the US and Chi...Read More