SHANGHAI, May 2 (SMM) – China's import of ternary precursors in February grew 24% month on month but fell 38% on the year, according to data from China Customs. China imported about 132 mt of ternary precursors in February. Average import prices fell 3% from January as a batch of low-priced scrap was included in February's imports and this lowered overall prices. The F...Read More
SHANGHAI, May 2 (SMM) – Imported copper concentrate traded actively as smelters saw stronger demand for stockpiling in the second quarter of the year, SMM learned. Traded prices of treatment charges (TCs) mostly stood at $73-76/mt, according to members of the China Smelters Purchase Team (CSPT).Market participants took a pessimistic outlook on TCs in the second half of the ye...Read More
SHANGHAI, May 2 (SMM) –Copper: LME copper fell under the pressure of stronger US dollar during the Labour Day holiday. Technically, it now stands below all moving averages and without support. We expect it to trade at $6,740-6,800/mt today with the SHFE 1806 copper at 51,000-51,500 yuan/mt. Spot discounts are seen at 100-50 yuan/mt with May invoices.Aluminium: LME aluminium is expe...Read More
SHANGHAI, May 2 (SMM) –Copper: LME copper fell under the pressure of stronger US dollar during the Labour Day holiday. Technically, it now stands below all moving averages and without support. We expect it to trade at $6,740-6,800/mt today with the SHFE 1806 copper at 51,000-51,500 yuan/mt. Spot discounts are seen at 100-50 yuan/mt with May invoices.Aluminium: LME aluminium is expe...Read More
SHANGHAI, May 2 (SMM) – Spot copper in the Shanghai market was offered at a discount of 20 yuan/mt to a premium of 20 yuan/mt against the SHFE 1805 contract on the morning of Wednesday May 2, SMM learned. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cn Read More
Colorado School of Mines' inaugural Undergraduate Research Symposium, part of Mines Innovation Week, highlighted the work of more than 80 students across all the university's disciplines, with cash prizes given to the top poster presentations. First place and $550 went to chemical and biochemical engineering majors Meredith Greer and Alex Dailey for their project, "Lipid Nanoemulsion Nanosensor...Read More
The Argentinian government has agreed to quotas on steel products exported to the United States, thus avoiding tariffs associated with the US' Section 232 investigation, according to national steel association Acero Argentino.The country agreed to limit exports of steel products to the US to 180,000 tonnes per year, based on the average of steel exports during the past three years plus an addition...Read More
SHANGHAI, May 2 (SMM) –Copper: LME copper fell under the pressure of stronger US dollar during the Labour Day holiday. Technically, it now stands below all moving averages and without support. We expect it to trade at $6,740-6,800/mt today with the SHFE 1806 copper at 51,000-51,500 yuan/mt. Spot discounts are seen at 100-50 yuan/mt with May invoices.Aluminium: LME aluminium is expe...Read More
This Saturday, more than 30 Coloradans with limb loss or limb difference will hit the track at Colorado School of Mines to practice being mobile, from walking to running and more.The sixth annual Colorado Adaptive Mobility Clinic, organized by local prosthetics provider Hanger Clinic, is designed to help amputees of all ages become more active and see what's possible with perseverance, clinical su...Read More
Domestic prices for hollow steel sections edged downward slightly across Europe this week because public holidays reduced trading activity, market sources told Metal Bulletin on Wednesday May 2.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe went down by ?,?5 per tonne to ?,?655-660 ($788-794) per tonne delivered on May...Read More
A group of shareholders, who say they represented interests with more than US$3.5 trillion under management, put forward a resolution on public policy advocacy on climate change and energy by relevant industry associations.The resolution proposed that Rio listed all payments made to industry groups, evaluate whether advocacy positions taken by those groups served the company's financial and energy...Read More
The need to embark on wrenching cultural change was a key takeaway from a panel of mining innovation executives and those working for technology companies trying to help the industry catch up with advances already commonplace in manufacturing and other industries.Read More
The Argentinian government has agreed to quotas on steel products exported to the United States, thus avoiding tariffs associated with the US' Section 232 investigation, according to national steel association Acero Argentino.The country agreed to limit exports of steel products to the US to 180,000 tonnes per year, based on the average of steel exports during the past three years plus an addition...Read More
China could be badly affected by a shrinking import market for hot-rolled coil in Vietnam once Formosa Ha Tinh Steel fires up its new blast furnace this month, market sources told Metal Bulletin this week.Formosa Ha Tinh plans to increase its mill operating rates to "high" levels once its fires up its new 4,300 cubic meter No2 blast furnace in mid-May, a source told Metal Bulletin this week."...Read More
Cobalt prices fell on Wednesday May 2 for the first time since October, with the potential bullish impact of legal action against Glencore by Dan Gertler insufficient to offset greater competition to secure spot sales in the immediate term. Metal Bulletin assessed low-grade cobalt prices at $43.50-44.25 per lb in-warehouse on Wednesday, down 0.5% from $43.70-44.45 per lb previously. High...Read More
Domestic prices for cold-rolled coil (CRC) in Europe have been largely stable over the past week, sources told Metal Bulletin on Wednesday April 25.The market has been in "wait-and-see" mode with participants waiting for a final decision from the United States about its Section 232 import tariffs and an expected announcement arising from a safeguard case in the EU, sources said."There is a little...Read More
I've written about the importance of having a will before. But not everything you own is controlled by a will when you die.Some of your most valuable assets, for example, life insurance benefits, employer-sponsored retirement plans, IRAs, and annuities allow you to name a beneficiary. And that designation overrides what you have in your will.Naming a beneficiary on your retirement plan documents o...Read More
Base metals on the London Metal Exchange were split at the close of trading on Wednesday May 2, with aluminium and nickel prices climbing more than 2%. Aluminium's three-month price made the largest gains over the afternoon, reaching a high of $2,330 per tonne and closing 2.6% higher. Despite continued volatility, the price has held above $2,200 per tonne.News today of the United States' extension...Read More
You would think I asked her to go to school wearing a dunce cap!“Dad, there’s no way I can wear that sweatshirt! It’s NIKE!”Rebekah, my thirteen year old, was late for cheer practice and needed a sweatshirt. I found one next to the front door and tossed it to her.She was mortified.“Can’t you see I’m wearing Adidas pants? And the three stripes on my shoes?...Read More
Prices for Iranian exports of steel billet and slab decreased somewhat in the week ended Wednesday May 2 with customers targeting lower prices because of the unstable conditions in the global billet market.Metal Bulletin's weekly price assessment for Iranian billet exports was $480-500 per tonne fob on May 2, against $495-505 per tonne fob a week earlier.Recent bookings of Iranian billet were repo...Read More