Brazil has launched an anti-dumping investigation into imports of steel rolling-mill rollers from China, according to the country's foreign trade secretariat, Secex.The decision follows indications that Chinese rollers were entering the country at lower prices than domestic products, resulting in significant dumping margins, Secex said...Read More

EY said the move to more technologically advanced mine operating systems had been good for productivity but suggested some networks and even workstations were openly accessible online, with gaps coming because of lax standards away from miners' head offices.The fear of data intruders is not unreasonable. According to EY data, 55% of energy and resources companies surveyed had "experienced a s...Read More

SHANGHAI, Mar 26 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightGrowing trade tension dragged the US dollar index down to a month-low of 89.496, down 0.4% during the day and 0.8% over the week.Such bearish sentiment also led base metals to fall across the board except for zinc. SHFE copper saw a smaller decline but fell cl...Read More

AuStar Gold Limited (ASX:AUL), formerly MantleMining (ASX:MNM), has updated the market this morning on the current drillingprogramme its undertaking at the Rose of Denmark (RoD) gold mine.Today's news is the fourth announcement fromthe company reporting significant assays from the ongoing drill programme at RoD,with highlights including: ?EUR? ROD021 1.3m at 45.4 g/t from 0.5m, including0.4m at 14...Read More

Much like mortgage debt is to home prices, margin debt is to stock prices. With the Dow rising 25% and hitting new record highs every fourth day on average during 2017, borrowings for stock purchases have been hitting new records in tandem. The fear surrounding this trend has been a perpetual worry during this bull market. Sensational headlines sell, but often ignore context.In the real world, it'...Read More

SHANGHAI, Mar 26 (SMM) – Spot copper in the Shanghai market was offered at a discount of 200-150 yuan/mt on the morning of Monday March 26, SMM learned. This compared with discounts of 190-130 yuan/mt on the morning of Friday March 23. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.e...Read More

SHANGHAI, Mar 26 (SMM) – High-grade nickel pig iron (NPI) plants in China saw mixed profits as of late-March mainly due to their locations and furnaces, SMM research showed.While some high-grade NPI plants in Shandong province registered profits of more than 30% higher than their cash costs, those in Jiangsu and Fujian provinces saw profits between 20-30%. In Inner Mongolia, however, profits...Read More

SHANGHAI, Mar 26 (SMM) –Copper: While the market was rattled by the rising trade tension, crude oil saw a big jump in prices, which may give certain support to copper prices. We expect LME copper to trade at $6,620-6,670/mt today with SHFE copper at 49,700-50,200 yuan/mt. In the physical market, spot discounts are seen at 140-220 yuan/mt with thin trading activity as downstream consumers tak...Read More

SHANGHAI, Mar 26 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightGrowing trade tension dragged the US dollar index down to a month-low of 89.496, down 0.4% during the day and 0.8% over the week.Such bearish sentiment also led base metals to fall across the board except for zinc. SHFE copper saw a smaller decline but fell cl...Read More

SHANGHAI, Mar 26 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightGrowing trade tension dragged the US dollar index down to a month-low of 89.496, down 0.4% during the day and 0.8% over the week.Such bearish sentiment also led base metals to fall across the board except for zinc. SHFE copper saw a smaller decline but fell cl...Read More

South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More

Colorado School of Mines PhD candidate Andrew Pfluger has been selected to receive the W. Wesley Eckenfelder Graduate Research Award for 2018 by the American Academy of Environmental Engineers and Scientists.The award is given each year to an environmental engineering or environmental science graduate student whose research contributes to the knowledge pool of wastewater management. Award selectio...Read More

SHANGHAI, Mar 26 (SMM) –Copper: While the market was rattled by the rising trade tension, crude oil saw a big jump in prices, which may give certain support to copper prices. We expect LME copper to trade at $6,620-6,670/mt today with SHFE copper at 49,700-50,200 yuan/mt. In the physical market, spot discounts are seen at 140-220 yuan/mt with thin trading activity as downstream consumers tak...Read More

SHANGHAI, Mar 26 (SMM) –Copper: While the market was rattled by the rising trade tension, crude oil saw a big jump in prices, which may give certain support to copper prices. We expect LME copper to trade at $6,620-6,670/mt today with SHFE copper at 49,700-50,200 yuan/mt. In the physical market, spot discounts are seen at 140-220 yuan/mt with thin trading activity as downstream consumers tak...Read More

Chinese rebar exports declined 58% year-on-year in February due to high prices.The country shipped 467,502 tonnes of rebar last month, down 58.37% from a year earlier, according to Chinese customs data released on Monday March 26. This number, however, is 48.07% higher than the 315,727 tonnes exported in January. High prices...Read More

ASX junior, MinRexResources (ASX:MRR), today revealed that it has entered into an agreement to strategicallyacquire 100 per cent of Clean Power Resources (CPR). CPR has three high-quality, exploration-stage projectareas in NSW and WA that are highly prospective for cobalt,scandium, copper and nickel. These tenements are also located in close proximityto supporting infrastructure and key ports.Th...Read More

China's stainless flat steel exports experienced a sharp year on year increase in February, although they dropped month on month.China exported 243,205 tonnes of stainless flat steel products, up 46,767 tonnes or 23.81% from 196,438 tonnes a year earlier, according to Chinese customs data released on Monday March 26. Last month's volume, however, is down 42,095 tonnes or 14.75% from January's 285,...Read More

London-based metals merchant Concord Resources is eyeing opportunities brought about by resource nationalism and protectionism, after announcing results that show how the company's rapid expansion accelerated through 2017. Concord tripled its net profit after tax, bringing in $20.73 million over 2017 - its second full trading year - representing a 23.9% gross return on average equity. Annuall...Read More

Exporters of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States adopted a wait-and-see attitude toward the market in the week ended Monday March 26, trying to avoid price declines, sources told Metal Bulletin."Prices are coming down and the market [for CIS-origin flat steel] seems to be frozen," a trader said.Metal Bulletin's weekly price assessment for CI...Read More

Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday March 26, with copper the only exception. After a morning of price dips across the complex, the majority of metals found support throughout the day from the weaker the weaker dollar. The dollar index hit a low of 89.02. "The dollar is weak once again which helped prices pick up throughout the day. But cop...Read More