SHANGHAI, May 23 (SMM) – Most nonferrous metals traded weakly, rangebound on Wednesday May 23. SHFE tin recovered slightly from its poor performance last week and gained 0.8%. SHFE copper saw a smaller increase, and closer higher than yesterday. SHFE zinc dropped close to 1%, aluminium slid 0.8%, nickel lost 0.6% and lead dipped.The ferrous complex fell across the board with coking...Read More
SHANGHAI, May 23 (SMM) – Most nonferrous metals traded weakly, rangebound on Wednesday May 23. SHFE tin recovered slightly from its poor performance last week and gained 0.8%. SHFE copper saw a smaller increase, and closer higher than yesterday. SHFE zinc dropped close to 1%, aluminium slid 0.8%, nickel lost 0.6% and lead dipped.The ferrous complex fell across the board with coking...Read More
RAPAPORT... Forevermark has launched a concept store in Shanghai tailored to millennial shopping habits, marking its 1,000th branch in China. The opening of the store, named Libert'aime, also celebrates the brand's 10th anniversary of entering the country. The De Beers-owned brand designedthe branch's diamond-jewelry line with a young, self-purchasing consumer inmind, it said Tuesday. The st...Read More
(IDEX Online) - ALROSA has reopened its representative office in New York and successfully held the first auction in two years for the sale of special size rough diamonds (weighing over 10.8 carats). The auction was held from April 23 to May 11. In total, 50 companies from the world's largest diamond trading centers, including seven firms from the USA and 43 from Belgium, India, Israel...Read More
The internationalization of iron ore futures traded on the Dalian Commodity Exchange (DCE) emerged as a key discussion topic at the Singapore Exchange's (SGX) 2018 Iron Ore Week. The opening up of the iron ore contract on May 4 followed the announcement earlier this year by the International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange, that it would allow non-Chinese compa...Read More
SHANGHAI, May 23 (SMM) – Most nonferrous metals traded weakly, rangebound on Wednesday May 23. SHFE tin recovered slightly from its poor performance last week and gained 0.8%. SHFE copper saw a smaller increase, and closer higher than yesterday. SHFE zinc dropped close to 1%, aluminium slid 0.8%, nickel lost 0.6% and lead dipped.The ferrous complex fell across the board with coking...Read More
SHANGHAI, May 23 (SMM) – As supplies accumulated in Shanghai, spot copper offers widened to a discount of 110-30 yuan/mt over the SHFE 1806 contract on Wednesday May 23. This compared with a discount of 90 yuan/mt to flat on Tuesday.As supplies of standard-quality copper grew, especially of imported brands, offers fell to a discount of 110 yuan/mt from 90 yuan/mt the previous day. Trans...Read More
A fire at United Stainless Steel Company's (USCO) stainless steel re-rolling mill in Salman Industrial City in Al Hidd, northern Bahrain, early on Tuesday May 22, has halted operations and could result in lost production, market sources told Metal Bulletin on Wednesday May 23.A fire at United Stainless Steel Company's (USCO) stainless steel re-rolling mill in Salman Industrial City in Al Hidd, nor...Read More
SHANGHAI, May 23 (SMM) – China will slash import tariffs on certain vehicles to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1.This includes the current 25% tariff levied on 135 items and the 20% duty on four items.Tariffs on 79 auto parts will fall to 6%, from current levels of 8-25%. Auto parts that will have lower import duti...Read More
SHANGHAI, May 23 (SMM) – In Shanghai's spot zinc market on Wednesday May 23, traders continued to lower premiums from Tuesday given fewer transactions. Downstream buyers maintained their bearish outlook on zinc prices, SMM learned. Despite lower offers, overall transactions remained flat from Tuesday in Shanghai. The SHFE zinc 1806 contract hovered between a narr...Read More
SHANGHAI, May 23 (SMM) – Copper: Copper prices rebounded as the US dollar weakened overnight. LME copper touched a high of $6,999/mt as the inventory shrank 2,752 mt following days of increase. It is likely to trade at $6,930-7,030/mt today with strong support while the SHFE 1807 contract is to trade at 51,800-52,200 yuan/mt. Adequate supplies are likely to widen spot discounts to ...Read More
SHANGHAI, May 23 (SMM) – China will slash import tariffs on certain vehicles to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1.This includes the current 25% tariff levied on 135 items and the 20% duty on four items.Tariffs on 79 auto parts will fall to 6%, from current levels of 8-25%. Auto parts that will have lower import duti...Read More
SHANGHAI, May 23 (SMM) – China will slash import tariffs on certain vehicles to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1.This includes the current 25% tariff levied on 135 items and the 20% duty on four items.Tariffs on 79 auto parts will fall to 6%, from current levels of 8-25%. Auto parts that will have lower import duti...Read More
SHANGHAI, May 23 (SMM) – Copper: Copper prices rebounded as the US dollar weakened overnight. LME copper touched a high of $6,999/mt as the inventory shrank 2,752 mt following days of increase. It is likely to trade at $6,930-7,030/mt today with strong support while the SHFE 1807 contract is to trade at 51,800-52,200 yuan/mt. Adequate supplies are likely to widen spot discounts to ...Read More
SHANGHAI, May 23 (SMM) – Copper: Copper prices rebounded as the US dollar weakened overnight. LME copper touched a high of $6,999/mt as the inventory shrank 2,752 mt following days of increase. It is likely to trade at $6,930-7,030/mt today with strong support while the SHFE 1807 contract is to trade at 51,800-52,200 yuan/mt. Adequate supplies are likely to widen spot discounts to ...Read More
Kathleen Hancock, associate professor of humanities, arts and social sciences, has been honored for her mentorship of women in the field of international political economy.The Society for Women in International Political Economy (SWIPE) Mentor Award was presented to Hancock at the International Studies Association's annual convention in San Francisco this April.In the early 1990s, SWIPE observed t...Read More
Bloomberg reported overnight that Rio was close to agreeing a sale of its stake to PT Indonesia Asahan Aluminium (Persero), known as Inalum, for US$3.5 billion, citing people familiar with the negotiations.Rio acknowledged the report and confirmed the discussions between it, Inalum and Grasberg operator Freeport McMoRan, including price talks."No agreement has been reached, and there is no certain...Read More
Prices for domestic hollow steel sections edged downward slightly in Northern Europe this week, with trade activity remaining thin, market sources told Metal Bulletin on Wednesday May 23.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe widened downward by ?,?5 per tonne to ?,?640-655 ($754-772) per tonne delivered on May...Read More
Marte Gutierrez, J.R. Paden Chair and Distinguished Professor of Civil and Environmental Engineering at Colorado School of Mines, was recently featured in an Wired article about Elon Musk's idea to build a network of high-speed transportation tunnels in Los Angeles.Gutierrez is also the director of the University Transportation Center for Underground Transportation Infrastructure (UTC-UTI), the U....Read More
"Our productivity is up by 80% in five years - that is each person is delivering 80% more production than they were five years ago," he told Mining Journal.Cutifani, 60, became Anglo's CEO in April 2013.He is one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which will be released next month.Cutifani said the company me...Read More