The Qu?(C)bec government said it will push the United States government to exempt its aluminium industry from the Section 232 duties that the Trump administration announced last Thursday would be levied on imports of metal from Canada. Qu?(C)bec smelters make the vast majority of aluminium exported from Canada, and much of it destined for the US."Qu?(C)bec will look to obtain an exemption for the...Read More
Canada's minister of international trade told world aluminium sector leaders on Monday June 4 that he deplored the United States' imposition of duties against imports of Canadian metal, branding it "deeply troubling and unacceptable." Arguing that the action would "do nothing to address the problem of global overcapacity," Fran??ois-Philippe Champagne said that US President Donald Trump's Section...Read More
Leading Chinese stainless steel mills last week issued higher ferro-chrome tender prices for June, which lent support to the prices for UG2 chrome ore and ferro-chrome. Price for ferro-chrome into China moves up UG2 chrome ore into China nudges higher High-carbon ferro-chrome in Europe unchanged Low-carbon ferro-chrome ticks up on top end Ferro-chrome prices in Japan and South Korea rise.Metal Bul...Read More
Umicore will build its first cathode materials production plant in Poland, and hopes to start supplying automotive-sector customers in Europe by 2020. Belgium's Umicore has chosen the city of Nysa in Poland as the location where it will build its first production plant to manufacture cathode materials for the European automotive market. Given the intention to start deliveries in 2020, the three pr...Read More
Metal-concentrates exchange Open Mineral is in talks with multiple investors to sell over a tenth of the company in a bid to diversify its book of investors, chief executive officer Boris Eykher told Metal Bulletin in a recent interview. Founded by a group of ex-Glencore traders last year, the digital platform aims to line up concentrates buyers and sellers online to cut out dominant trading house...Read More
Metal concentrates trading platform Open Mineral has diversified its businesses to make a foray into trading secondary product and providing logistics solutions, chief executive officer Boris Eykher said in a recent interview with Metal Bulletin. "We talk to multiple smelters from around the world and they want to sell their byproducts. However, the only clients that they know are one to two parti...Read More
Miners and those close to the industry might know times are much improved but a new research report lays out why gold miners are still under-supported on the world's stock markets.When it rains, it pours: global catastrophe could send gold to $5,000/oz an ounce, says Incrementum04 JUNE 201804/06/2018commentsshare Gold bulls extraordinaire at Incrementum AG have laid out a major case for gold compa...Read More
The rising trend in the Chinese antimony market continued last week - tightness in concentrate supply and concerns about further production cuts while environmental inspections continue propelled prices there higher. Metal Bulletin assessed the MMTA Standard Grade II delivered duty paid antimony metal price at 52,000-52,500 yuan ($8,111-8,189) per tonne on Wednesday May 30, up 1,000 yuan from...Read More
Cobalt prices continued to fall during the second half of last week, and prices for both grades converged, amid continuing profit-taking and slower demand from consumers. Metal Bulletin assessed prices for low and high-grade cobalt metal at $42-43 per lb, in-warehouse, on Friday June 1, down 0.8% and 0.9% respectively compared with the midweek assessment. Consumers have taken a step...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes, with prices weakening further, sources said on Monday June 4.A steel producer in the Marmara region booked a European cargo late on June 1, comprising 20,000 tonnes of HMS 1&2 (75:25), 18,000 tonnes of a mixture of plate and structural scrap (P&S) and HMS 1, and 2,000 tonnes of busheling, at an average price of $334 per tonne c...Read More
The North American division of the China National Certification and Inspection Group (CCIC) will resume inspections of scrap shipments following the end of a one-month suspension, CCIC said on Friday June 1. The CCIC's North American division will start accepting inspection applications on Friday June 8 and it takes at least five working days to arrange the date of the inspection, the group said i...Read More
Havilah Resources (ASX: HAV) has implemented the first transaction in its copper-cobalt strategy with the A$14.7 million sale of the Portia gold project in South Australia.Staff reporter CMC MD Steve Radford (left) and Havilah CEO Water Richards shake on Portia deal04 JUNE 201804/06/2018commentsshare Consolidated Mining and Civil (CMC), which is already a profit sharing partner at the Portia gold...Read More
The world's biggest mining equipment supply listing comes into full public view this month, via Stockholm's Nasdaq exchange, with Epiroc about to provide a new and unique gauge of investor appetite for a sector capital and operating expenditure surrogate. Stand-by for a ramp-up in marketing activity.Staff reporter Epiroc about to enter investment spotlight04 JUNE 201804/06/2018commentsshareExecuti...Read More
Pan American's Dolores gold-silver mine in Chihuahua, Mexico. Source: Pan American Silver Corp.Pan American Silver Corp. [PAAS-TSX, NASDAQ] on Monday June 4 said the security situation at its Dolores Mine in Chihuahua, Mexico is improved following increased patrols and enforcement by Mexican Authorities.Road transport of diesel fuel, cement and other supplies to the mine has now resumed. The comp...Read More
Diamond drilling on GGX Gold's Gold Drop property near Greenwood, southern British Columbia. Source: GGX Gold Corp.GGX Gold Corp. [GGX-TSXV; GGXXF-OTC] on Monday June 4 said it has completed two diamond drill holes on the COD vein, located on the SouthWest Zone at the company's Gold Drop property in southern British Columbia.GGX Gold shares advanced on the news, rising 4.35% or $0.005 to 12 cents...Read More
Turkish domestic auto bundle scrap prices have gone down in line with the weakening imported scrap values, while ship scrap prices have remained stable over the past week, sources said on Monday June 4.A number of steel producers in the country have reduced their buy prices for auto bundle scrap by around TRY20-90 ($4-19) per tonne delivered.Alloy long steel mill Asil ??elik cut its buy price for...Read More
The Comex copper price edged higher on Monday June 4 on a weaker dollar and positive fundamentals for the US economy. Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 2.7 cents or 0.9% to $3.1255 per lb. "This morning, global risk-taking appetite is positive because investors continue to digest the...Read More
When I was a kid, electric vehicles were a part of some futuristic urban landscape in my imagination. There were giant skyscrapers gleaming white over a verdant city that was cut in the center by a monorail, with drivers passing silently by a clean, blue river... perhaps under an enormous glass dome... perhaps on another planet.You might have had similar thoughts about electric vehicles, too. But...Read More
Cobalt prices continued to fall during the second half of last week, and prices for both grades converged, amid continuing profit-taking and slower demand from consumers. Metal Bulletin assessed prices for low and high-grade cobalt metal at $42-43 per lb, in-warehouse, on Friday June 1, down 0.8% and 0.9% respectively compared with the midweek assessment. Consumers have taken a step...Read More
Umicore will build its first cathode materials production plant in Poland, and hopes to start supplying automotive-sector customers in Europe by 2020. Belgium's Umicore has chosen the city of Nysa in Poland as the location where it will build its first production plant to manufacture cathode materials for the European automotive market. Given the intention to start deliveries in 2020, the three pr...Read More