Indonesia leading global mine supply surge... The latest data from the International Nickel Study Group (INSG) showed strong growth of 8.1% in global nickel mine output in the first eight months of 2019 compared with the same period of last year. Indonesian nickel miners continued to boost output aggressively, with 28.6% growth in the country over the reporting period. ...and will likely only acce...Read More
Prices outperform so far in October... The LME tin price has gained roughly 6% since the start of October, in contrast with a much more subdued performance for the broader LMEX (+1% over the corresponding period). This compares with a sell-off of 19% in the first three quarters of the year, when tin underperformed the LMEX. ...as supply cuts start to be priced in The emergence of fresh buying in f...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More
Overhead resistance emerges LME zinc prices have remained supported over the past week by the 100-day moving average. However, for the time being at least, prices remains capped ahead of $2,500 per tonne, particularly after the latest Chinese economic data stoked concerns about weaker demand. GDP grew 6% in Q3, slowing from 6.2% in Q2, and below the 6.1% forecast. That said industrial production r...Read More
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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 4 points in pre-opening trade. The Canadian Dollar slipped 0.14 to U.S.76.26 following election last night of a minority federal government. Procter & Gamble added $5.51 to $124.59 after reporting higher than consensus quarterly earnings and revenues. United Technologies gained $3.15 to $141.51 after reporting high...Read More
Seaborne iron ore prices increased on Tuesday October 22 after Vale lowered its sales expectation, while the spread between 65% and 62% Fe indices continued to widen.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.68 per tonne, up $1.28 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.33 per tonne, up $1.28 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.27 per tonne, up $1.0...Read More
A wide spread of offers emerged in the seaborne coking coal market on Tuesday October 22, though these did not translate into transactions.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.40 per tonne, up $0.63 per tonnePremium hard coking coal, cfr Jingtang: $164.70 per tonne, down $0.06 per tonneHard coking coal, fob DBCT: $129.92 per tonne, unchangedHard coking coal, cfr Jingtang: $1...Read More
Anglo American has raised the 2019 iron ore production guidance for its Minas Rio operations in Brazil while maintaining that for its Kumba operations in South Africa.The miner now expects Minas Rio to produce 20-22 million tonnes of the steelmaking raw material, compared with 19-21 million tonnes previously, it said in its third-quarter production report published on Tuesday October 22.The miner...Read More
Vale has suspended activities at its Itabiru??u tailings dam, which is located at its Itabira mining complex in the country's southeastern Minas Gerais state.The dam's temporary shutdown will have an impact of about 1.20 million tonnes of iron ore output that is limited to 2019, since the Brazilian miner's production plan has already accounted for a stoppage of the dam for most of the year, it sai...Read More
The three-month zinc price on the London Metal Exchange was higher during morning trading on Tuesday October 22, with the metal continuing its approach toward $2,500 per tonne, while lead futures were also up.Zinc's outright price on the LME was recently seen at $2,480 per tonne, while just over 2,000 lots were exchanged as at 9.15am London time. Price action in the galvanizing metal was boosted b...Read More
The London Metal Exchange has no plans to stop adding to its contract suite, with new additions expected in 2020, chief executive Matthew Chamberlain told Fastmarkets. After launching seven new cash-settled futures contracts in March 2019, the exchange will listen to market participants' requests for new hedging options."We are very keen to do more contracts in 2020, it is in the plan and in the b...Read More
Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Tuesday October 22, with copper and aluminium securing marginal gains while the rest of the complex weakened.Copper was the outperformer of the SHFE base metals in terms of percentage gains. The red metal's most traded December contract price rose to 47,140 yuan ($6,661) per tonne as at 10.0...Read More
Fastmarkets will discontinue the publication of price change articles on metalbulletin.com from Tuesday October 22. Fastmarkets will no longer publish price change articles for minor metals, noble alloys, bulk alloys & ores, European non-ferrous scrap and UK non-ferrous scrap and ingot prices. There is no change to the publication of the price assessments or indices. All prices and their price mov...Read More
China's ferro-silicon market was split between a weakening export price and a steady domestic price last week, with exporters battling soft demand and supplier competition while production cuts supported domestic rates.In Europe, prices have consolidated recent price gains, although the recent rally looks short-lived because export offers into Europe have appeared from Kazakhstan. There are no ant...Read More
The shift from coal to cheaper and cleaner fuel sources like natural gas and renewables claimed another victim in the U.S. last week.Peabody Energy said it will close its Wildcat Hills coal mine and nearby Willow Lake processing facility in southern Illinois before year-end due to "uneconomic mining conditions."The announcement - which affects 225 workers - followed news in September that Peabody...Read More
Young Mining Professionals (YMP) - a registered charity that donates 100% of its receipts to students - has awarded 10 scholarships this year ranging from $1,000 to $10,000 to students who are pursuing a career in the mining industry and are enrolled in mining-related programs for the 2019-2020 academic year at universities in Canada. This year's winner of The Northern Miner's $5,000 scholarship i...Read More
This episode features a keynote speech by one of the mining industry's leading futurists, George Hemingway, Partner and Head of the Innovation Practice at The Stratalis Group in New York City. Recorded live at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October 2019, George's keynote focuses on how companies need to build trust to ada...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftWill it be as the ultimate trader, or the man who forced stodgier competitors to give mo...Read More