No one plans on becoming incapacitated. That only happens to the other guy. But the hard truth is that the older we get the more likely we'll suffer some loss of mental capacity.In fact, the American Speech-Language-Hearing Association cites says the risk of developing Alzheimer's doubles every five years once you hit 65.Once you get to age 85+, between 25% and 50% of people will exhibit signs of...Read More
Base metal prices on the London Metal Exchange remained high at the close of trading on Tuesday March 27, with only aluminium moving down. Aluminium was the only downward mover, dropping $7.50 to $2,044.50 per tonne while it continues to lack momentum."Its technical configuration is starting to improve and now badly needs follow-up buying to help the price of the light metal to edge higher. Going...Read More
Comex copper prices recovered Tuesday March 27 morning in the US amid easing tensions between the US and China.Copper for May settlement on the Comex division of the New York Mercantile Exchange rebounded 1.25 cents or 0.4% to $2.9825 per lb. Yesterday, the contract collapsed to a September-2017 low."While we treat the current rebound in copper prices cautiously, we are comforted that the copper p...Read More
Base metals prices on the London Metal Exchange were higher across the board during morning trading on Tuesday March 27. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US and China are being ignored completely on the base metals markets today - whic...Read More
Russian steelmakers have increased their prices for April-rolled rebar sold to the domestic market, sources have told Metal Bulletin.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar went up to 37,000-37,500 roubles ($647-656) per tonne cpt Moscow, including VAT, on Monday March 26. This compared with 35,000 roubles...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 27.Please click...Read More
Comex copper prices recovered Tuesday March 27 morning in the US amid easing tensions between the US and China.Copper for May settlement on the Comex division of the New York Mercantile Exchange rebounded 1.25 cents or 0.4% to $2.9825 per lb. Yesterday, the contract collapsed to a September-2017 low."While we treat the current rebound in copper prices cautiously, we are comforted that the copper p...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 27*.Copper -$84.75 (-530.86 yuan) Aluminium -$382.83 (-2,397.94 yuan) Zinc -$96.94 (-607.20 yuan) Nickel -$635.82 (-3,982.58 yuan) *Metal Bulletin calculates the physical arbitrage for...Read More
The proposal by Philippine politicians to ban the export of unprocessed mineral ores to boost domestic processing has yet to make further progress, Patricia Bunye, senior partner at law firm Cruz Marcelo & Tenefrancia in the Philippines, said. "It's not catching fire as the industry knows the limitations of infrastructure in the country," Bunye told Metal Bulletin on the sidelines of the Mining In...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) is negotiating with authorities in the United States to obtain quotas to export slab, tinplate and "some volumes" of hot-rolled coil without tariffs linked to the Section 232 investigation."Negotiations are at full steam, and [the US] will apply voluntary restraint agreements - country by country," CSN commercial executive director Luis Fe...Read More
TimkenSteel will raise its special bar quality (SBQ) product prices by $50-150 per ton effective Wednesday March 28, the company said in a leading move on Tuesday. The move comes after SBQ mills in the United States slated base price increases effective with April 1 shipments. US producers raised SBQ base prices three times...Read More
Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) expects to conclude asset sales worth 2-3 billion Reais ($604-906 million) this year, in order to reduce its debt levels."You can expect in 2018 a de-leveraging of 2-3 billion [Reais], with respect to asset sales, and we are committed to this effort, along with additional efforts in operation performance," chief executive....Read More
Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) made adjusted earnings of 1.20 billion Reais ($363 million) in the fourth quarter of 2017, the company said late on Monday March 26.The quarter's figure for adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) compared with adjusted Ebitda of 1.25 billion Reais in the corresponding period of 201...Read More
Brazilian steel producer Companhia Sider??rgica Nacional (CSN) is planning an increase of 7.50% in its flat steel prices to distributors and industrial clients in June, Metal Bulletin has learnt."I expect our revenues to grow by 20% this year, considering volumes and prices," chief executive officer Benjamin Steinbruch said on Tuesday March 27.The increase is due to a better domestic market and hi...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 27. Base metals prices on the London Metal Exchange were higher across the board during morning trading. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US...Read More
At Metal Bulletin's 19th Asian Ferro-alloys conference in Hong Kong on March 20-22, Asia editor Shivani Singh asked delegates questions about the three Ps: products, prices and places.Click on the image above to download the results of the poll. Read More
Brazil-focused Canadian vanadium producer Largo Resources' revenue in the 2017 fiscal year, ended on December 31, more than doubled from 2016, the company said in its annual report Friday March 23.The company achieved a revenue of C$167,723 ($130,849) in 2017, a 106% surge from the C$81,233 achieved in the same period of 2016. Its V2O5 production increased 16.7% from 2016, reaching 9,297 tonnes. V...Read More
Anglo American has resumed iron ore output at its Brazilian Minas-Rio operation on Tuesday March 27, following an approval granted by the country's environmental institute, Ibama.Operations will return to their normal pace immediately, the miner told Metal Bulletin.The company stopped iron ore production at Minas-Rio on March 12, after a slurry pipeline designed to transport material from the mini...Read More
Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR and PT Adaro Energy, an Indonesian listed coal company, for the sale of its 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion."The sale of Kestrel, together with the announced divestments of Hail Creek and our undeveloped coal projects, delivers excepti...Read More