China's hot-rolled coil prices continued to drop on Thursday June 13, narrowing producers' already-slim margins further amid rising costs.DomesticEastern China (Shanghai): 3,820-3,830 yuan ($552-554) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,780-3,790 yuan per tonne, narrowing downward by 10 yuan per tonnePrices continued to drop during the day with trading activity remaining th...Read More
Import prices for stainless steel in East Asia fell slightly over the past week with buyers taking a wait-and-see approach amid expectations that nickel prices would fall further, market sources said. Despite floods in Indonesia that could result in potential supply disruptions, the outlook for nickel remains negative due to sustained trade tensions between China and the United States.Indonesia pr...Read More
Base metals prices on the Shanghai Futures Exchange exhibited mixed moves but were largely little changed during morning trading on Thursday June 13 while uncertainty surrounding the US-China trade war persists.Copper and tin were down by 0.3% and 0.1% respectively while the rest were up between 0.1% for zinc and 0.9% for nickel. The divergent moves come while market participants digest trade deve...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Index futures were virtually unchanged following release of Weekly Jobless Claims at 8:30 AM EDT. Consensus was 217,000 versus 219,000 last week. Actual was 222,000.WTI crude oil jumped $1.83 to $52.97 per barrel after two tankers were attacked near the Strait of Hormuz.Lululemon gained $...Read More
Vietnam's tungsten miner Masan Resources has hired former Amalgamated Metals Corporation (AMC) trader William Parry-Jones, the company told Fastmarkets on Thursday June 13.Parry-Jones has joined the company this month as its manager for tungsten raw materials and has relocated to Hanoi from London after almost eight...Read More
An increasing number of cobalt sulfate producers in China have cut, or are planning to cut, output in response to falling battery raw materials prices amid stagnant demand, market sources told Fastmarkets MB.In addition, some producers have switched to producing other chemistry compounds, including cobalt chloride and nickel sulfate, sources added. But market participants have mostly downplayed th...Read More
When you picture yourself in your golden years, are you lying on a beach, hitting golf balls, or working behind a desk? For a lot of soon-to-be retirees, the office will be where they spend most of their golden years. Working in retirement not only gives you the opportunity to earn more money, but you can maintain structure in your days and keep your social connections alive. But working in retire...Read More
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Italian flat stainless steelmaker Acciai Speciali Terni (AST) plans to increase its annual crude steel output to 1 million tonnes per year, up from 940,000 tpy, Italian steel trade union Fim-Cisl said on Thursday June 13.The AST announcement was part of a new two-year industrial plan, agreed between the mill and Italian trade unions. As part of the plan, AST will invest ?,?60 million ($68 million)...Read More
Domestic stainless steel prices in China ticked up over the past week on gains in nickel futures, but participants still maintain a bearish outlook toward the market for the next few weeks.The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 13,900-14,300 yuan ($2,009-2,067) per tonne including value-added tax for the week ended...Read More
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) received the permits needed to build its flagship Madaouela project in Niger three years ago, but lagging uranium prices have kept development in check.In the meantime, the Vancouver-based junior has been optimizing the project as part of a definitive feasibility study, talking with potential off-takers and financiers, and putting together a framework agre...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoThe rapid onset of battery-storage applications, greater use of renewable energy sources and widespread adoption of electrified transport is critical...Read More
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