Sentiment in the seaborne coking coal market remains bearish although more transactions were reported on Friday April 20.Two cargoes of top Australian brands of premium hard coking coal were traded around $194-195 per tonne cfr China, sources told Metal Bulletin. A cargo of hard coking coal and a shipment of semi-hard materials were also heard to...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday April 20*Copper -$104.28 (-656.70 yuan) Aluminium -$691.04 (-4,351.66 yuan) Zinc -$58.63 (-369.20 yuan) Nickel -$1,331.18 (-8,382.82 yuan) * Metal Bulletin calculates the...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday April 20:Antimony MB free market regulus, $/tonne: $8,200-8,350 per tonne from $8,350-8,450 Antimony MMTA standard grade II, $/tonne: $8,200-8,350 per tonne from $8,300-8,450 Cadmium MB free market min 99.95%, cents/lb:...Read More
An overview of China's minor metals markets in the week of April 16-20 and the reasons for any price moves.Read More
Compagnie de Tifnout Tiranimine (CTT) has resumed cobalt production at its plant after operational difficulties resulted in a one-week closure. Operations restarted at the plant in Morocco this week and production is ramping up to normal levels, a source close to...Read More
Base metals traded on the London Metal Exchange have come under downward pressure this morning, Friday April 20, with the complex posting an average loss of 1.1% amid healthy trading volumes.Nickel (-2.9%) and aluminium (-1.1%) have been hit the most, which is not surprising after the substantial gains both metals made earlier this week. They remain the star performers in the week to date, with al...Read More
The base price assessments for both flat and long stainless steel products in Europe have remained unchanged over the past week amid low market activity and volatility in the nickel price, sources told Metal Bulletin on Friday April 20.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was stable week-on-week at ?,?1,050-1,100 ($1,298-1,360) per...Read More
China's ferrous futures trended downward during morning trading on Friday April 20 after a couple of days of strong gains. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,475 yuan ($553.50) per tonne, down 15 yuan per tonne October hot-rolled coil: 3,606 yuan per tonne, down 1 yuan per tonne Dalian Commodity Exchange September iron ore: 468.50 yuan per tonne, do...Read More
China's domestic stainless steel prices increased over the past week due to a recovery in demand and strong gains in the London Metal Exchange's nickel price.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,100-15,000 yuan ($2,246-2,389) per tonne including VAT for the week ended Thursday April 19, up 400-500 yuan per tonne from...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday April 20:Aluminium scrap Floated Frag: ?,?1,270-1,310 per tonne from ?,?1,265-1,285 Cast:...Read More
The UK inter-merchant price range for austenitic alloy steel products rose by ?30-60 per tonne this week when the price of nickel rose sharply on concerns about further sanctions being imposed by the United States, sources said on Friday April 20.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK reached its highest level since July 2014 at ?980-1,040 ($1,389...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan remained stable this week amid thin trading.Metal Bulletin's assessment of import prices for United States-origin HMS 1&2 (80:20) sold into Taiwan was $330-335 per tonne cfr for the week ended Friday April 20, unchanged from a week earlier.US-origin scrap was offered at $335-340 per tonne cfr Taiwan this week, unchanged from the p...Read More
HSBC has joined an increasing list of large banks by announcing Friday it would not longer finance coal-fired plants, oil sands and arctic drilling.The move, announced by Europe's largest bank at its annual meeting as part of its new energy policy, seeks to head off criticism from investors who want the institution's actions to be aligned with the Paris Agreement, a global pact to limit greenhous...Read More
Alrosa (MCX:ALRS), the world's top diamond producer by output, saw its total production fall by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.The Russian miner produced 7.4 million carats in the quarter, compared with 8.9 million carats in the same period of 2017, and 10 million carats in the pre...Read More
Frank Giustra-backed Fiore Gold (TSXV: F) announced today that its Pan Mine, located in east-central Nevada, registered a 130 per cent production growth in Q2 2018, compared to the previous quarter.The Carlin-style, open-pit, heap-leach operation generated 8,695 ounces of gold during the second fiscal quarter that ended on March 31, 2018, which allowed the company to sell 8,673 ounces of the yello...Read More
Cranbrook-based Eagle Plains Resources (TSX-V: EPL) announced today that it has acquired, by staking, the 711-hectare Slocan Graphite Project, located 32 kilometres northeast of Nelson, British Columbia.According to the company, the property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone. Results from carbon graphite analyses ranged in grade fro...Read More
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,484.32, up 29.90 points)Champion Iron Ltd. (TSX:CIA). Miner. Down one cent, or 0.91 per cent, to $1.09 on 21.03 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 42 cents, or 3.31 per cent, to $12.28 on 6.2 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 11 cent...Read More
As electric vehicles grab a larger share of the automotive market, the sourcing of raw materials becomes increasingly important. Sam Broom of Sprott Global Resource Investments, in this conversation with Maurice Jackson of Proven and Probable, discusses the supply and demand equations for two essential elements in EV batteries, nickel and cobalt. Maurice Jackson: Welcome to Proven and Probable, w...Read More
Is anything safe from these joyless puritans?Continue...Read More