Warrant traders were reporting an easing of South Korean aluminium warrants after a pocket of short supply in the region began to ease in the week ended Friday April 12, while a significant reduction in the length of queues at Malaysian warehouses operated by Istim also made trading easier.Fastmarkets' most recent assessment for in-warehouse P1020 aluminium warrants in East Asia fell this week to...Read More
Copper stocks held in Shanghai Futures Exchange-approved warehouses dropped by 5% week on week as of Friday April 12 on tightening supplies.Deliverable copper stocks at SHFE-approved warehouses have fallen by 12,142 tonnes since April 4 to reach 245,178 tonnes as of this Friday. This week's sharp drop follows a fall of 4,092 tonnes on April 4, before which stocks had been climbing. Zhong...Read More
The seaborne coking coal market picked up some strength on Friday April 12 with transactions being concluded at higher-than-expected prices.A May-loading cargo of premium low-vol hard coking coal was sold at $200.77 per tonne cfr China to a Chinese trader, according to various sources in China. The same product was offered at $200 per tonne cfr on Thursday.A May-laycan cargo of premium mid-vol har...Read More
The following Fastmarkets minor metals prices changed on Friday April 12:Minor metalsBismuth MB China domestic, yuan/tonne: 47,000-48,000 yuan per tonne from 46,500-48,500 yuanChromium MB free market alumino-thermic, $/tonne: $8,275-8,750 per tonne from $8,400-8,900Cobalt MB free market alloy grade, $/lb: $16.60-17.40 per lb from $16.50-17.30Cobalt...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
U.S. equity index futures moved higher this morning. S&P 500 futures were up 15 points in pre-opening trade. Index futures responded to encouraging economic news released by China.Anadarko advanced $13.90 to $60.70 and Chevron dropped $6.20 to $119.70 after Chevron made a $33 billion cash and share offer to acquire the company. Estimated per share value of offer is $65.JP Morgan advanced $2.65...Read More
Australian miner New Century Resources reported on Thursday April 11 that it had achieved a quarterly increase of more than 50% in its zinc metal production in the form of concentrates from its Century mine during the first quarter of 2019.The miner produced 18,170 tonnes of zinc content in 37,500 tonnes of zinc concentrates during January-March from the mine in the Australian state of Queensland....Read More
Want to know how to get the best deal every time? Know your BATNA.BATNA stands for "best alternative to a negotiated agreement."The term was coined by Roger Fisher and William Ury in their 1981 bestseller, Getting to Yes: Negotiating Without Giving In.BATNA is simply the best you can do if the other person refuses to negotiate with you - if they tell you to “go jump in a lake!” or R...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday April 12:The following Fastmarkets non-ferrous European free market scrap prices changed on Friday April 12:Aluminium scrapFloated...Read More
UK and European steel market participants renewed calls for the European Union and the United Kingdom to reach an agreement and avoid continued market uncertainty after the UK was granted a six-month extension to delay Brexit until Thursday October 31. The latest extension has also averted the prospect of the UK having to leave the EU without a deal on Friday April 12. A "no deal" Brexit would mea...Read More
Miramont Resources (CSE: MONT; US-OTC: MRRMF) cut significant mineralization during a 3,600-metre drill program at its Cerro Hermoso polymetallic project in Peru.The company tested Cerro Hermoso's Central Breccia zone, Stockwork zone and Carbonate Replacement zone. While it encountered short intervals of anomalous mineralization in the Stockwork and Carbonate Replacement zones, the company interce...Read More
The boards of Orocobre (TSX: ORL; ASX: ORE) and Toyota Tsusho Corp. have given the green light to building the Naraha lithium hydroxide plant, which will be the first of its kind in Japan.The majority of production will feed the Japanese battery industry and be sourced from the lithium carbonate produced from the expansion of Orocobre's Olaroz mine in northern Argentina's Jujuy province.Constructi...Read More
Chilean copper miner Antofagasta Plc (LON:ANTO) will make a decision about going ahead with a $3B expansion of its Centinela mine, located in the country's north, by the end of next year or in 2021.Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iv??n Arriagada said the company had recently decided to advance the studies on a second concentra...Read More
Shares in Coeur Mining (NYSE: CDE), the second largest primary silver producer in the US, took a 3.9% hit Thursday, after reporting that first quarter 2019 gold and silver production had decreased at three of its five mines. Friday's gold and silver spot prices were steady at $1,290.33 and $14.98 per ounce.Total production for the first quarter of the year was 78,336 ounces of gold, 2.5 million o...Read More
"We are delighted to announce that the Mining Journal awards is back on the 25th June 2019! https://t.co/jw5k6OIw36#MJSLondon #MJAwards #Aspermont #MiningJournal #Awards #london #ukawards #winning #announcement #awardwinners #spring #event #miningevent #miningnews #networking"Read full newsRead More
The 'excuses' that Hatzius et al. use this time for their even-more-dovish tilt - despite rosier growth forecasts - are simple: no-flation and Trump.Read full newsRead More
It also marks the fourth change to the Model 3's starting price online this year - and it's barely even April. Read full newsRead More
So much for fears the banks would drag down Q1 earnings season?Read full newsRead More
One month ago, we asked if that was it for China'sRead full newsRead More