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ASIAN MORNING BRIEF 09/01: Aluminium defies trend as LME base metals rise; NFEx's Bradley, Coupland resign from board; indium prices rise on tight supply

January 09, 2018 / www.metalbulletin.com

The latest news and price moves to start the Asian day on Tuesday January 9.Aluminium was the only metal to end lower at the end of trading on the London Metal Exchange on Monday January 8. Read more in our live futures report.Here are how prices looked at the end of the day on Monday.NFEx Markets' chief operating officer and its most senior director, Mark Bradley, has resigned from the...Read More

China's leading tungsten exporter fails to secure export license for 2018-2019

January 08, 2018 / www.metalbulletin.com

Xiamen Tungsten, China's major tungsten exporter, has not been granted an export license for 2018-2019, according to China's Ministry of Commerce. The ministry refused to grant the company an export license due to two administrative penalties imposed in 2017: one for exceeding emissions and another for having incorrect customs clearance for a batch of cobalt related products, it said on December 2...Read More

GLOBAL CHROME WRAP: Chinese alloy market slides; ore prices rise on tightened supply

January 08, 2018 / www.metalbulletin.com

China's ferro-chrome market weakened over the past week amid a lull in activity after domestic mills wrapped up their latest round of purchasing negotiations, while ore prices were supported by tight supply and firm demand from smelters. Domestic Chinese ferro-chrome prices slide as purchasing wave ends South African and Turkish ore markets gain on tight supply European high carbon ferro-chrome pr...Read More

GLOBAL MANGANESE WRAP: Ore prices stand firm; alloy prices weaken in China, rise elsewhere

January 08, 2018 / www.metalbulletin.com

Seaborne manganese ore prices held steady over the past week, while alloy prices weakened in China in anticipation of smelter restarts. Manganese ore prices gain a few cents week on week Chinese alloy prices weaken as market awaits Ningxia restarts Silico-manganese prices rise in India on rupee and steel sector strength European alloy prices rise on tighter prompt availability US silico-manganese...Read More

Peruvian iron ore output increases 29% in November

January 08, 2018 / www.metalbulletin.com

Iron ore output in Peru increased by 29.28% year-on-year in November 2017, according to figures released by the country's mining ministry, MEM, on Friday January 5.Production came to 901,253 tonnes, against 697,108 tonnes a year before.In January-November 2017, Peruvian iron ore output totaled 7.95 million tonnes, up by 12.35% from the 7.08 million tonnes produced in the corresponding period of 20...Read More

IRON ORE PRICES: Benchmark index jumps to nearly $78 per tonne

January 08, 2018 / www.metalbulletin.com

Iron ore prices jumped to almost $78 per tonne cfr China on Monday January 8 as the futures market gained strength.Metal Bulletin's 62% Fe Iron Ore Index Today: $77.74 per tonne cfr QingdaoDaily change: up by $0.94 per tonneMonth-to-date average: $76.15 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.58 per tonne cfr QingdaoDaily...Read More

Seaborne coking coal market in deadlock

January 08, 2018 / www.metalbulletin.com

The seaborne coking coal market remains deadlocked on Monday January 8 as buyers opt to sit on the sidelines while sellers are not lowering their offers.Metal Bulletin's indices are all unchanged for the day, at $211.20 per tonne cfr China and $257.39 per tonne fob Australia for premium hard coking coal, and $190.20 per tonne cfr China and $187.73 per tonne fob Australia for hard coking coal. "Our...Read More

Seaborne iron ore concentrates market retains strength ahead of Chinese New Year

January 08, 2018 / www.metalbulletin.com

The seaborne iron ore concentrates market has remained strong over the past two weeks, with some mills and traders stocking up for the Chinese New Year break.China's seven-day Lunar New Year celebrations start on Friday February 16 and market participants do not anticipate a resumption in production until mid March. But there are concerns that the upward momentum might slow due to r...Read More

Seaborne iron ore market boosted by higher futures curve

January 08, 2018 / www.metalbulletin.com

The seaborne iron ore market received a boost on Monday January 8 froma strong futures market. Key drivers China's Ministry of Industry & Information Technology (MIIT) announced on Monday that no new capacity will be allowed in the steel, cement and flat glass industries, and issued specific requirements for steel mills replacing old with new capacities. The announcement s...Read More

LIVE FUTURES REPORT 08/01: LME has flat start to the week

January 08, 2018 / www.metalbulletin.com

Lead and zinc began the week slightly higher while the rest of the base metals on the London Metal Exchange came under pressure on Monday January 8.Zinc was Monday morning's best performer, up $13 to $3,365 per tonne. Aluminium, meanwhile, continued to slip marginally lower, down $12 to $2,193.50 per tonne."There's some consolidation, it's a pretty quiet start to the week after an active start to...Read More

BULLION LATEST 08/01: Weak dollar underpins gold price

January 08, 2018 / www.metalbulletin.com

The spot gold price rose during Asian morning trading on Monday January 8, underpinned by weakness in the dollar following a disappointing US jobs report at the end of last week.The spot gold price was recently quoted at $1,320.25-1,320.60 per oz, up by $1.25 from the previous trading day's close. Trade has ranged from $1,319.33-1,322.25 per oz so far today.Gold has been the beneficiary of a weake...Read More

Indium prices firm amid tight supply of crude

January 08, 2018 / www.metalbulletin.com

Indium prices have moved up on the higher range because of the tight availability of crude indium.Indium prices have climbed to a higher range because of tight availability of crude indium, market participants said.Metal Bulletin assessed the free market indium price at $250-280 per kg on an in-warehouse basis on Friday January 5, up from $250-270 per kg on Wednesday and lows of $220-$245 per kg o...Read More

PEOPLE MOVES: Retorte head of sales Frank Arm leaves after more than 8 years

January 08, 2018 / www.metalbulletin.com

Frank Arm, Retorte's head of sales and marketing, left the company last week, Metal Bulletin has learned. Arm had spent almost nine years at the German...Read More

GERMANIUM SNAPSHOT: European prices firm up after availability tightens

January 08, 2018 / www.metalbulletin.com

Key data from Metal Bulletin's Friday January 5 pricing session in Europe.Germanium Metal Rotterdam $ per kg Key drivers:- Lack of supply in the global market- Good demand in Europe and China offset subdued...Read More

GALLIUM SNAPSHOT: European prices move up on low Chinese stock levels

January 08, 2018 / www.metalbulletin.com

Key data from Metal Bulletin's Friday January 5 pricing session in Europe.Gallium Metal MB free market $/kgFridayPreviousChange to midpoint of rangeMidpoint % change160-175155-17053.1%Key drivers: - Shortage of stock due...Read More

GLOBAL ANTIMONY WRAP: European prices edge higher; Chinese market stays quiet

January 08, 2018 / www.metalbulletin.com

European antimony prices have started the year on a positive note with prices edging up slightly for both grades amid a tightening market.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,000-8,350 per tonne on Friday January 5, stable from Wednesday's assessment when prices had increased from $7,950-8,300 per tonne.Trioxide grade antimony prices in-wareho...Read More

Your smartphone is making you stupid, antisocial and unhealthy. So why can't you put it down? /via @globeandmail

January 08, 2018 / www.theglobeandmail.com

A decade ago, smart devices promised to change the way we think and interact, and they have - but not by making us smarter. Eric Andrew-Gee explores the growing body of scientific evidence that digital distraction is damaging our mindsRead full newsRead More

COLUMN-New year, new highs for zinc as market tightens further: Andy Home

January 08, 2018 / uk.reuters.com

(The opinions expressed here are those of the author, a columnist for Reuters)Read full newsRead More

There's a Big Victim From OPEC's Oil Cuts - Bloomberg

January 09, 2018 / www.bloomberg.com

OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain: the fleet of supertankers that shuttle fuel between continents.Read full newsRead More

Oil Refinery Stocks Are Up 30% -- The Motley Fool

January 09, 2018 / www.fool.com

Some of the smaller industry players also rose more than 75%. But is there still room to keep growing?Read full newsRead More

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