China's top copper smelters have agreed to raise the price floor for fourth-quarter treatment and refining charges (TC/RCs) by 20% from the prior quarter, sources familiar with the matter told Fastmarkets on Thursday October 17.The fourth-quarter price floor was set at $66 per tonne/6.6 cents per lb, up from $55/5.5 cents in the third quarter. The increase follows six consecutive weeks of rises in...Read More
De Beers Group Auctions, a subsidiary of diamond miner De Beers, on Tuesday launched its new digital auction portal, which is aimed at enhancing customers' bidding experience.“At De Beers Group Auctions, our raison d’etre is to provide our customers a smart and seamless way to source natural diamonds. We plan to do that through continuous improvement of our industry-leading auction...Read More
The price for imported steel reinforcing bar in the United States nosedived following confirmed offers and deals heard for European-origin material, while the price for US domestic rebar narrowed downward, Fastmarkets has learned. Fastmarkets' assessment for steel rebar, import, cfr Houston was at $517-535 per short ton on Wednesday October 16, down by 9.7% from $575-590 per short ton two weeks ea...Read More
LIMA, Peru (miningweekly.com) – The planned introduction of an autonomous fleet at the Quellaveco copper mine in Peru will not impact jobs, Anglo American Peru CEO Tom McCulley told a visiting international media contingent on Monday.Quellevaco has a north and south pit and the automation will begin with seven trucks at the south pit and in the over two years to October 2022 include the nort...Read More
Trading...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Su...Read More
Positivity surrounding the progress of US-China...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
While prices for most flat-rolled steel imports into the United States declined on Wednesday October 16, moving in step with fast-falling domestic prices, the lower prices were not sufficient to generate much interest from buyers.Market chatter has centered on Turkey in recent weeks, with some sources expecting that the United States and Turkey would soon reach a trade deal. Instead, US Presi...Read More
Aluminium The LME three-month aluminium price remains under...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus do...Read More
HARARE – Zimbabwe is targeting a fourfold increase in revenue from minerals by 2023 but an ambitious plan unveiled by Mines Minister Winston Chitando on Monday gave little detail on how the government would achieve this.The policy document, known as the Strategic Road to the Achievement of $12-billion By 2023, sees gold exports at $4-billion and platinum at $3-billion as the government focus...Read More
Bulls are back The LME copper...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Rally looking robust despite weak...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices, U.S data, tin smelter closure) By Zandi Shabalala LONDON, Oct 17 (Reuters) - Copper inched higher on Thursdayas negotiators from the United States and China worked onfirming up the first phase of a trade deal as part of efforts toend a protracted dispute. The tit-for-tat trade war has rocked global markets,disrupted supply chains and sapp...Read More
Outflows keep LME stocks near 11-year lows High...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
Indonesian refined output trends...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
HARARE – Zimbabwe expects to increase diamond production to 11-million carats by 2023 from 3.2-million carats last year, the Mines Minister said on Monday, part of an ambitious plan to raise mining output and earn the country $12-billion a year.The mineral-rich southern African nation sees the mining sector as the main driver for reviving an economy crippled by triple-digit inflation and hig...Read More
Zinc outperforms its peers LME zinc...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. Index futures responded to news that a tentative Brexit deal between the European Union and the United Kingdom has been reached.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the October Philly Fed Index was 8.0 versus 12.0 in Septe...Read More
Prices in the CIS steel billet export market climbed in the week to Thursday October 17 amid reduced availability following last week's sales to the Middle East and Asia (including to China).Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $369 per tonne on October 17, up by $5 per tonne day on day.Last week, at least one cargo CIS-origin billet was reported sold to Turkey la...Read More