Base Metal Stocks Articles

Gold Demand Hurt By Surging Equity Markets In 2017 - WGC

Feb 6 2018 7:55AM / Kitco News

(Kitco News) - Gold demand rallied in the fourth quarter of 2017, but it was not enough to save last year from an annual drop, the World Gold Council (WGC) said in its latest report. Overall demand declined 7% to 4,072 metric tons during fiscal year of 2017, down from 4,362 metric tons reported in 2016, the WGC said in its “Gold Demand Trends Full Year 2017” report. Rising equity marke...Read More

ASIAN MORNING BRIEF 06/02: LME base metals end mostly higher; Peru's copper production rises; Chinese ferro-silicon prices fall

February 06, 2018 / Dalton Barker

The latest news and price moves to start the Asian day on Tuesday February 6.Base metals prices on the London Metal Exchange were mostly higher at the 5pm close on Monday February 5, although lead again bucked the trend. Read more in our live futures report.Here are how LME prices looked at Monday's close:Peru's copper production grew nearly 4% in 2017 thanks to higher output at the MMG's Las Bamb...Read More

GLOBAL VANADIUM WRAP: China, EU prices dip in sluggish spot markets

February 06, 2018 / Anna Xu

Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions.Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but domes...Read More

ASIAN MORNING BRIEF 06/02: LME base metals end mostly higher; Peru's copper production rises; Chinese ferro-silicon prices fall

February 06, 2018 / Dalton Barker

The latest news and price moves to start the Asian day on Tuesday February 6.Base metals prices on the London Metal Exchange were mostly higher at the 5pm close on Monday February 5, although lead again bucked the trend. Read more in our live futures report.Here are how LME prices looked at Monday's close:Peru's copper production grew nearly 4% in 2017 thanks to higher output at the MMG's Las Bamb...Read More

LIVE FUTURES REPORT 06/02: Comex copper price erases Monday's gains

February 06, 2018 / Dalton Barker

Comex copper prices were pulled lower on Tuesday February 6 by a combination of the recent equity sell-off and a dollar increase. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy sell-off in equity markets. "Judging by the limited pullback in the base...Read More

Rotterdam aluminium premiums touch one-year high on rising US Midwest premium

February 06, 2018 / Justin Yang

The benchmark Rotterdam duty-unpaid premium touched a fresh one-year high of $100-107 per tonne on Monday February 5, fuelled by a surging US Midwest premium. The aluminium P1020A in-warehouse Rotterdam, duty-unpaid premium touched highs of $105 per tonne in February 2017. Participants short of material and some who want to ship metal to the Midwest, where the premium is at a four-y...Read More

MINING INDABA 2018: Miners united in fight against planned DRC mining code, says Randgold CEO

February 06, 2018 / Andrea Hotter

Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More

MINING INDABA 2018: South Africa's mining industry must strike sustainable balance - Mathe

February 06, 2018 / Chris Kavanagh

The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More

GLOBAL VANADIUM WRAP: China, EU prices dip in sluggish spot markets

February 06, 2018 / Anna Xu

Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions. Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but dome...Read More

MINING INDABA 2018: South Africa's mining industry must strike sustainable balance - Mathe

February 06, 2018 / Chris Kavanagh

The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More

GLOBAL VANADIUM WRAP: China, EU prices dip in sluggish spot markets

February 06, 2018 / Anna Xu

Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions. Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but dome...Read More

MINING INDABA 2018: Miners united in fight against planned DRC mining code, says Randgold CEO

February 06, 2018 / Andrea Hotter

Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More

INTERVIEW: Cobalt boom 'guaranteed' for 7-10 years - ERG's Southgate

February 06, 2018 / Janie Davies

Cobalt's boom days will continue for the next seven to 10 years amid strong demand from the electric vehicles sector as well as traditional cobalt consumers, according to Eurasian Resources Group (ERG) executive Tony Southgate. "Our view is that the cobalt boom is guaranteed for the next seven to 10 years," Southgate, head of strategic cobalt marketing at the Kazakh mining group, told Metal Bullet...Read More

DAILY SCRAP REPORT: Turkish mills return for US scrap, prices down $2

February 06, 2018 / Cem Turken

The Turkish steel mills have returned to the deep-sea scrap markets for two US cargoes, after a short break for negotiations, sources said on Tuesday February 6.A steel mill in the Izmir region booked a US cargo on February 6, comprising 15,000 tonnes of HMS 1&2 (80:20) at $343 per tonne, 20,000 tonnes of shredded at $348 per tonne and 5,000...Read More

TURKEY FERROUS SCRAP: Auto bundle prices inch down, ship scrap stable

February 06, 2018 / Cem Turken

Turkish domestic auto bundle scrap prices have gone down slightly this week, while ship scrap prices have remained stable, sources told Metal Bulletin on Monday February 5.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,190-1,400 ($315-371) per tonne delivered on Monday, widening downward from last week's $1,210-1,400 per tonne.The slight change in the...Read More

LIVE FUTURES REPORT 06/02: Comex copper price erases Monday's gains

February 06, 2018 / Dalton Barker

Comex copper prices were pulled lower on Tuesday February 6 by a combination of the recent equity sell-off and a dollar increase. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy sell-off in equity markets. "Judging by the limited pullback in the base...Read More

MINING INDABA 2018: Miners united in fight against planned DRC mining code, says Randgold CEO

February 06, 2018 / Andrea Hotter

Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More

MINING INDABA 2018: South Africa's mining industry must strike sustainable balance - Mathe

February 06, 2018 / Chris Kavanagh

The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More

GULF FLAT STEEL IMPORTS: Prices continue to rise, demand improves in UAE

February 06, 2018 / Serife Durmus

Flat steel import prices in the United Arab Emirates and Saudi Arabia continued to increase this week, with demand being slightly better in the UAE, Metal Bulletin heard on Tuesday February 6.UAEHot-rolled coil (HRC) was being offered at $640-650 per tonne cfr from China, although buyers were bidding only $610-620 per tonne cfr.India offered the product at $650 per tonne cfr, with one buyer biddin...Read More

RUSSIA FLAT STEEL: High prices diverge on low demand

February 06, 2018 / Marina Shulga

Russian flat-steel producers keep offers for February-rolled material high despite low demand due to a possible price reduction for March-rolled products.Metal Bulletin's price assessment for Russian 4mm hot-rolled (HR) steel sheet increased to 42,500-43,000 roubles ($748-757) per tonne cpt Moscow, including value-added tax, on February 5 from 41,700-42,500 roubles per tonne cpt Moscow a week earl...Read More

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