CIS export rebar and wire rod prices became firmer in the week ended Monday April 9 because the availability of the products, as well as the semi-finished products used to make them, was reduced by recent strong sales.This was despite the continuing downward trend in the global long steel markets, most notably in Turkey and China.The CIS region's major long-steel supplier, ArcelorMittal, was offer...Read More
The latest metal markets news and price moves to start the North American day on Monday April 9. Aluminium prices on the London Metal Exchange rallied 2.9% during morning trading, with copper the only other metal to be trading higher than Friday's close. The three-month aluminium price climbed to a high of $2,124 per tonne earlier this morning, its highest since March 14. The movement is a strong...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Monday April 9.Base metals traded on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Monday, with risk-off sentiment in the market pressuring prices lower. Aluminium bucked the general weakness, however, finding support from the news that the United States h...Read More
The challenge facing the world's major copper miners is how to tread the fine line between keeping capital expenditure in check while bringing new capacity online to take advantage of future higher prices. With memories of the 2008-09 global financial crisis fresh in the minds of company executives and management boards, the focus over the past several years has been on cutting costs, selling non-...Read More
Copper mining's lack of investment in new projects is nothing new, but with executives gathering for the annual Cesco Copper Week in Santiago, Chile, the industry is beginning to scope out capital expenditure (capex) opportunities and could be on the verge of a boom in acquisitions.Copper mining majors have once again begun to size up greenfield and brownfield opportunities, hoping to be in prime...Read More
Bottle Creek drilling program is ahead of schedule with the receipt to date of 1,600m of RC drilling results from the Emu Deposit at Bottle Creek, WA.Gold assays and multi-element assays have been received with results up to 23.4 g/t Au1, 29 g/t Ag and 0.57 % Pb2 returned.Please click here for full announcementRead More
Alt Resources Limited (ASX: ARS) is a junior ASX listed gold exploration company whose main focus is on its group of gold assets lying within the Mt Ida Gold Belt, situated in the South Central region of Western Australia, namely Bottle Creek, Quinn's and Mt Ida gold projects, along with polymetallic exploration tenements in NSW prospective for gold, silver, copper, zinc and lead at the Paupong an...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday April 9, with only lead and zinc bucking the trend.Aluminium's three-month price climbed the most, increasing 4.2% to close at $2,139 per tonne, the highest since March 6. The price has soared since the Friday April 6 announcement that the US had sanctioned and frozen the assets of Oleg Deripaska a...Read More
Volume traded on the London Metal Exchange has rocketed since the United States Treasury sanctioned and froze the assets of Oleg Deripaska and UC Rusal. The US sanctioned and frozen the assets that are subject to US jurisdiction on Friday April 6, prompting bullish sentiment and expectations of tightness in the US aluminium market. Some 29,823 lots of aluminium had traded on the LME as of 3pm Lond...Read More
The Asian aluminium market is considering the impact on aluminium premiums after the US sanctioned and froze the assets of Oleg Deripaska and UC Rusal, with responses mixed among Asian industry participants so far.The US' announcement last Friday has prompted bullish sentiment and expectations of tightness in the US aluminium market, but reactions from Asia on the impact on its domestic aluminium...Read More
Antimony prices remained under pressure last week in both Europe and China, amid sluggish demand and increasing availability.Metal Bulletin assessed the MMTA standard grade II antimony in-warehouse Rotterdam price at $8,450-8,550 per tonne on Friday April 6, unchanged from Wednesday's assessment, when prices moved down from $8,500-8,660 per tonne.The trioxide grade antimony price, in-warehouse Rot...Read More
The Turkish steel mills went quiet again in the deep-sea scrap markets at the beginning of this week, but they are still expected to book more scrap for May, sources said on Monday April 9.After booking a number of deep-sea cargoes in the past week, the mills stepped back from the market on April 6.But market participants expected more cargoes to change hands over the rest of the week, Metal Bulle...Read More
Reviews by Hydro and a third-party environmental consultancy have found no indications of contamination from the company's Alunorte alumina refinery in Brazil, Hydro said on Monday April 9.Following severe rainfall in Brazil's northern state of Par?? in February, concerns over possible water contamination led the local authorities to order Hydro to operate Alunorte at 50% of its capacity. Hyd...Read More
Volume traded on the London Metal Exchange has rocketed since the United States Treasury sanctioned and froze the assets of Oleg Deripaska and UC Rusal. The US sanctioned and frozen the assets that are subject to US jurisdiction on Friday April 6, prompting bullish sentiment and expectations of tightness in the US aluminium market. Some 29,823 lots of aluminium had traded on the LME as of 3pm Lond...Read More
Comex copper prices were in consolidation mode in start-on-the-week trading while markets await further clarity on the possibility of a trade war breaking out between the United States and China.Copper for May settlement on the Comex division of the New York Mercantile Exchange inched down 0.25 cents or 0.1% to trade recently at $3.0560 per lb. Talks are intensifying between the world's two e...Read More
The latest metal markets news and price moves to start the North American day on Monday April 9. Aluminium prices on the London Metal Exchange rallied 2.9% during morning trading, with copper the only other metal to be trading higher than Friday's close. The three-month aluminium price climbed to a high of $2,124 per tonne earlier this morning, its highest since March 14. The movement is a strong...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday April 9*Copper -$88.82 (-560.88 yuan) Aluminium -$371.17 (-2,343.85 yuan) Zinc -$93.98 (-593.44 yuan) Nickel -$500.44 (-3,160.15 yuan) *The physical arbitrage numbers are...Read More
The Asian aluminium market is considering the impact on aluminium premiums after the US sanctioned and froze the assets of Oleg Deripaska and UC Rusal, with responses mixed among Asian industry participants so far.The US' announcement last Friday has prompted bullish sentiment and expectations of tightness in the US aluminium market, but reactions from Asia on the impact on its domestic aluminium...Read More
Brazilian exports of carbon steel slab and billet dropped in March, compared with the same month a year earlier, according to figures released by the country's foreign trade ministry, MDIC, late last week.Brazilian exports of carbon steel slab reached 566,303 tonnes in March, down by 21.41% from the 720,604 tonnes in the same month a year earlier. The United States was the largest buyer of Br...Read More
Brazilian imports of long steel products increased by 6.86% year-on-year in March 2018, with higher shipments from Turkey and South Korea.Imports of non-alloyed long steel products amounted to 20,349 tonnes during the month, against 19,043 tonnes in the corresponding period a year earlier, according to figures released...Read More