Iron ore prices experienced little movement on Monday January 22 amid inactivity in the seaborne market. Metal Bulletin's 62% Fe Iron Ore Index Today: $76.61 per tonne cfr Qingdao Daily change: down by $0.14 per tonne Month-to-date average: $76.65 per tonne...Read More
The seaborne iron ore market saw little activity on Monday January 22, but premiums for index-linked cargoes of high-grade fines have fallen below $2 per tonne while those for lumps continue to rise. Key drivers Premiums for Pilbara Blend fines and Carajas fines have both fallen below $2 per tonne now that most mills have completed their restocking of seaborne cargoes scheduled for delivery in Feb...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, 70,000...Read More
The seaborne coking coal market was stable on Monday January 22 with buyers still not budging despite offers falling slightly. Metal Bulletin's indices were all unchanged for the day, at $212.66 per tonne cfr China and $232.13 per tonne fob Australia for premium hard coking coal, and $193.85 per tonne cfr China and $187.29 per tonne fob Australia for hard coking coal."Offers for premium cargoes ha...Read More
The seaborne iron ore concentrate market softened last week on subdued demand after prices rose to their highest since March 2017 a week earlier.The Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $96.82 per tonne cfr Qingdao for the week ended last Friday January 19, down $4.01 per tonne from a nine-month high of $100.83 per tonne cfr China in the preceding seven days. Metal Bulletin's 65...Read More
China's ferrous futures ended below their opening during morning trading on Monday January 22 after a major mill lowered the prices for its long steel products amid a subdued steel market.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,922 ($613) per tonne, down 21 yuan per tonne May hot-rolled coil: 3,885 yuan per tonne, down 27 yuan per tonne Dalian Commodity Exch...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Key data from Metal Bulletin's Friday January 22 pricing session in Europe.Key data from Metal Bulletin's Friday January 22 pricing session in Europe.Chromium Metal MB free market $/kg Key drivers: - Lack of offers...Read More
Marex Spectron has hired experienced trader Warren Capps to strengthen its precious metals trading sector, where he will be based in New York.Capps was previously executive director at UBS Investment Bank, a position he held since 2013. Prior to UBS, Capps managed the...Read More
European antimony prices continued to edge higher last week due to tightening spot availability while the Chinese market began to wind down ahead of the upcoming Lunar New Year holiday.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,100-8,400 per tonne on Friday January 19, unchanged from Wednesday's assessment, when prices had moved from $8,050-8,350 pe...Read More
Silicon metal prices in China jumped during last week's market assessment on recent currency moves against the dollar, while European prices remained stable though they are expected to increase. Chinese suppliers of silicon metal have raised their quotations due to the recent strong performance of the Chinese yuan against the US dollar. This meant Chinese silicon metal price jumped further in the...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
(Kitco News) - Gold edged up in its initial reaction to the U.S. government shutdown as Asian markets opened on Monday.Spot gold on Kitco.com was last at $1,334.10, up 0.26% on the day. Markets were digesting the latest headlines as U.S. Republican and Democratic Senators were holding talks on Sunday to break the political stalemate.The Senate is scheduled to vote on the proposed bill to exte...Read More
MELBOURNE, Jan 22 (Reuters) - Rio Tinto will set up a new office in the Mongolian capital of Ulaanbaatar, separate from its Oyu Tolgoi mine division, to focus on exploration and building local ties.The new office, which will expand to 80 staff this year, will support the company's exploration programme and local services units, as well as focus on growing relationships, the miner said in a statem...Read More
WASHINGTON (Reuters) - Republicans and Democrats appeared to harden their positions on Sunday as both sides hunkered down for what could be a prolonged fight, with a U.S. government shutdown in its second day.Democrats demanded that U.S. President Donald Trump negotiate on immigration issues as part of any agreement to resume government funding and accused him of reneging on an earlier accord to p...Read More
(Updates sourcing of Jan 19 story)By Tom Polansek and Rod NickelCHICAGO/CALGARY, Alberta, Jan 20 (Reuters) - Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc .Large grain traders that make money by buying, selling, storing and shipping crop...Read More
(Adds comments from Pope, resident)By Mitra TajPUERTO MALDONADO, Peru, Jan 19 (Reuters) - Two decades ago, Swiss priest Xavier Arbex started sounding alarms.The quiet Amazonian region where he had settled years earlier was in peril. Wildcat miners who once searched for gold alongside rivers using wheelbarrows and buckets had started tearing through pristine rainforest with heavy machinery."I...Read More