The London Metal Exchange will remain based in London no matter what the outcome of further Brexit negotiations, chief executive officer Matthew Chamberlain confirmed. Speaking at the LME update forum on Monday April 23, Chamberlain said: "I can happily say we are staying in London. Members are looking for clarity and now we can give it to them." The LME explained that it is planning to apply for...Read More

The London Metal Exchange will begin testing the electronic trading of close prices in early 2019, starting with nickel, LME chief executive officer, Matt Chamberlain, said at the LME Update Forum.During the trial, the closing price of nickel will move off the Ring and on to its member trading system, LME Select.Speaking at the LME Update Forum, Chamberlain highlighted that member feedback - predo...Read More

An overview of the battery raw materials markets and their price moves from the past week. Read More

China has granted import quotas for copper scrap this year that are reduced by 83.7% from a year ago, in its first 10 rounds of approvals for solid waste import licenses, according to calculations made by Metal Bulletin.Licenses for total imports of 463,916 tonnes of copper scrap (HS code 7404.0000.10) have been granted so far in 2018, compared with 2.84 million tonnes a year ago, according to off...Read More

The London Metal Exchange will remain based in London no matter what the outcome of further Brexit negotiations, chief executive officer Matthew Chamberlain confirmed. Speaking at the LME update forum on Monday April 23, Chamberlain said: "I can happily say we are staying in London. Members are looking for clarity and now we can give it to them." The LME explained that it is planning to apply for...Read More

The London Metal Exchange is working toward producing a set of standards for responsibly-sourced metal, it said during its LME update forum in London on Monday April 23. The bourse will implement a three-step process of disclosure, engagement and compliance. If a metal brand does not meet the set requirements at the end of this process, the LME can delist it from the exchange, it said. "Our brand...Read More

“Ahh, I thought it was in my bag, but it looks like I’ve left it at home by accident!”“My computer crashed and I didn’t save my work!”“I’ve been busy with extra-curricular activities and volunteering work”“I’ve been so ill over the past few days, so I haven’t been able to look at the drill results”"My mom CEO and dad CFO...Read More

Major international mining companies active in the Democratic Republic of Congo (DRC) remain optimistic they will resolve their concerns about the recently-revised mining code in a manner that is in the best interests of all parties, including the government and other key groups. The country's civil society is playing a key role in the discussion process and contributing to a better understanding...Read More

CIS export billet prices showed another round of decreases in the week ended Monday April 23 with bookings reported at lower prices than in the preceding seven days, Metal Bulletin has heard.In addition, import scrap prices in Turkey continued to trend downward, putting further pressure on CIS suppliers.Metal Bulletin's CIS billet export index was $510 per tonne fob Black Sea on April 23, against...Read More

The trade safeguard measures that are being investigated by the EU are intended to maintain established import flows, not to close the European market to imports, regional steel association Eurofer said on Monday April 23.The European Commission (EC) started a safeguard investigation into 26 steel products on March 26 with the aim of shielding the region's steel industries from the effects of a po...Read More

The Australian Anti-Dumping Commission (AADC) has started an accelerated review of anti-dumping measures imposed on rebar imported from Thailand.The review into the tariffs - which were originally imposed in November 2017 and apply to rebar in diameters up to 50mm, regardless of grade, alloy content or coating - follows a request from Tata Steel Thailand subsidiaries...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: HRCHot-rolled coilEast China, domestic, commercial-grade...Read More

China's hot-rolled coil (HRC) prices moved up on Monday April 23 in both domestic and export markets on the futures gains.Domestic Eastern China (Shanghai): 4,060-4,090 yuan ($645-650) per tonne, up 40-50 yuan per tonne Northern China (Tianjin): 3,950-3,970 yuan per tonne, up 20 yuan per tonne Traders raised their prices following futures gains, but buyers cut procurement due to the higher prices....Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More

Concerns about output in major tungsten production hub Jiangxi province, amid a new round of environmental inspections continued to support ammonium paratungstate (APT) and concentrates' prices last week, while ferro-tungsten prices suffered from falling demand. Production disruptions in Ganzhou, Jiangxi province support APT and concentrates markets Ferro-tungsten falls amid weakening demand, but...Read More

Chinese domestic ferro-silicon prices dropped on Friday April 20, renewing a downward trend seen earlier in April and prompting a switch in production to lower grade alloy. China cuts standard grade production  Europe awaits Q2 settlements to provide spot direction  US eases, near-term outlook stable Metal Bulletin's Chinese domestic ferro-silicon prices fell last week, dragged dow...Read More

Kudumane Manganese Resources (KMR) has halted production at its manganese ore mine in South Africa's Northern Cape due to heavy rains and could be forced to declare force majeure, a source told Metal Bulletin.The action may delay the transportation of 50,000-60,000 tonnes of manganese ore from May to June and 100,000 tonnes from June to July. KMR may be about to "declare force majeure,"&...Read More

Manganese ore markets recorded further losses on Friday April 20 amid deteriorating sentiment around Chinese alloy and steel demand, while European alloy prices maintained current levels on sufficient stocks. Ore prices keep sliding on weaker alloy, steel demandSilico-manganese prices drop in ChinaIndian silico-manganese tracks ore lowerEuropean alloy prices remain steadyUS silico-manganese price...Read More

European spot prices for molybdic oxide and ferro-molybdenum have increased after a withdrawal in spot supplies of oxide prompted a bout of short-covering that is likely to persist in the near term, according to industry sources. The bounce in prices comes after a steady decline in the markets since the start of March, when profit-taking had knocked ferro-molybdenum and oxide prices down from annu...Read More