London Metal Exchange tin's three-month price rose to its highest since August 2011 during trading and was up by 5% at Wednesday's close on April 28 following news from one of the market's main suppliers while nickel made substantial gains on its fourth consecutive day on the rise. LME tin's price reached $28,595 per tonne on Wednesday on news that the world's third largest tin producer, Malaysian...Read More

Thawing permafrost linked to global warming is continuing to affect Teck Resources' Red Dog zinc mine in Alaska, with the company expecting its second-quarter sales of zinc in concentrate to be lower as a result, the company said.The Vancouver, Canada-based company said the thawing is affecting the mine's ability to discharge treated water, which is leading water levels at its tailings facility to...Read More

Physical premiums for zinc and lead ingots were flat globally in the week to Tuesday April 27 after soaring outright prices for the sister metals limited appetite in all but the most tightly-supplied markets. Higher offers for zinc ingot premiums reported in Europe Lack of import arbitrage limits China business US market expectations for more spot buying to come US zinc, lead demand firm...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationResidents are demanding the company undertakes a consultation process and respects their decision to stop large-scale mining, reported local media.Read More

United Arab Emirates-based aluminium producer Emirates Global Aluminium (EGA) has commissioned the first part of the expansion at its Al Taweelah smelter, the company said on Monday April 26.The expansion of the aluminium smelter, which is located between Abu Dhabi and Dubai, includes construction of 66 new reduction cells to extend all three potlines and increase production by 78,000 tonnes per y...Read More

Emmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaWMX resetting the base for new Wiluna futureSPONSOREDwiluna mining corporationThe miner produced 47.Read More

Demand for refined copper in China has now surpassed levels seen prior to the Covid-19 pandemic, according to Vancouver, Canada-based Teck Resources. The company said that demand in China has been increasing since the second quarter of 2020 and continued to increase into 2021, partly due to continued Chinese government stimulus measures, increased infrastructure spending and improved construction...Read More

Emmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaWMX resetting the base for new Wiluna futureSPONSOREDwiluna mining corporationChalice said last week that it was delaying its hotly anticipated maiden resource from mid-year until t...Read More

Work to complete the Quebrada Blanca Phase 2 (QB2) copper project in northern Chile has gone past the halfway point and is on track for first production in the second half of 2022, majority owner Teck Resources has said.The project has been delayed after being temporarily suspended due to the Covid-19 pandemic, but work has resumed and went beyond 50% complete this month, the company said.QB2 is e...Read More

With the exception of the June nickel contract, base metals prices on the Shanghai Futures Exchange were weaker this morning, Wednesday April 28.This is after strong gains in recent weeks and likely reflects some caution ahead of the United States Federal Open Market Committee (FOMC) meeting and US President Joe Biden’s address to Congress.* US 10-year treasury yields climb...* ...US Dollar I...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAnd because copper has stormed off to highs of more than US$4.40/lb, Newcrest's copper exposure is set to become increasingly important in the market's rating of the stock.Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationEBITDA amounted to US$811 million in Q1, with copper sales up 11% year-on-year to 211,000 tonnes. Net direct cash costs of US$1.15/lb at Cobre Panama in Panama, $1.18/lb at Kansanshi and $1.Read More

Latin American steelmaker Ternium plans to focus mainly on supplying its own slab needs in Mexico and selling any excess to the domestic market via its slab mill in Brazil, chief executive officer M??ximo Vedoya said on Wednesday April 28.The Ternium Brasil mill, in southeastern Rio de Janeiro state, shipped around 700,000 tonnes to the company's own facilities in Mexico during...Read More

Domestic prices for hot-dipped galvanized steel coil in Europe increased again in the week to Wednesday April 28 due to a material shortage and strong demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil domestic, exw Northern Europe was ?,?1,120-1,150 ($1,353-1,389) per tonne on April 28, up by ?,?50-70 per tonne from ?,?1,050-1,100 per tonne....Read More

Domestic steel rebar prices in the north of Europe were broadly stable in the week to Wednesday April 28, supported by strong end-user demand, Fastmarkets heard.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?650-670 ($785-809) per tonne on April 28, unchanged week on week.The assessment reflected deals, offers and achievable pric...Read More

Mondelez (MDLZ), an S&P 100 stock moved above $59.98 to an all-time high extending an intermediate uptrend. The stock responded to higher than consensus quarterly results. Pre-opening Comments for Wednesday April 28thU.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.The Canadian Dollar was virtually unchanged at US80.70 after releas...Read More

Strong interest in imports of steel billet among Chinese customers supported a further uptick in the CIS export billet price in the week to Wednesday April 28.A cargo of around 40,000 tonnes of Ukraine-origin billet was reported sold to China at $655-660 per tonne cfr early this week, Fastmarkets heard. Market participants said that the price would be equivalent to $605 per tonne fob Black Sea.Bul...Read More

Turkish steel producers continued their deep-sea scrap purchases for June shipments on Wednesday April 28, with prices edging ever higher, market participants told Fastmarkets.A steel mill in northern Turkey booked 22,000 tonnes of HMS 1&2 (80:20) from the Baltic Sea at $432 per tonne cfr.A steel producer in the Iskenderun region booked a second Baltic sea cargo of 17,000 tonne of HMS 1&2 (80:20)...Read More

A summary of Latin American steel group Ternium's financial results for the first quarter of 2021, as stated in its earnings report published on Tuesday April 27. In brief  Sales volumes growth at Mexican operations was outpaced by a strong recovery in Argentina, Ternium said.  Shipments from the Argentinian unit are expected to remain stable on a quarterly basis in April-June, supported...Read More

Seaborne coking coal prices in the fob and cfr markets diverged on Wednesday April 28, with tight supply in the cfr market, especially for premium hard coking coal materials.Fastmarkets indicesPremium hard coking coal, fob DBCT: $112.21 per tonne, down by $1.25 per tonnePremium hard coking coal, cfr Jingtang: $225.00 per tonne, up by $2.28 per tonneHard coking coal, fob DBCT: $104.62 per tonne, do...Read More