Import prices for steel billet in Southeast Asia softened over the past week with more cargoes of cheaper Chinese product being offered to the region, while offers for slab in the wider region including East Asia are showing signs of declining.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $560-570 per tonne cfr for the week ended Monday March 19, down $5 per t...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
Chinese vanadium suppliers pushed up their offer prices considerably last week, after the market continued to be supported by low availability of stocks. Chinese suppliers elevate offers on thinning inventories European ferro-vanadium market stabilizes temporarily amid spot demand slowdownUS ferro-vanadium market quiet, but further gains expected after strong late week dealsChinese vanadium export...Read More
Cranbrook, B.C., March 20th, 2018: Eagle Plains ("EPL" or "Eagle Plains") is pleased to announce that option partner SSR Mining Inc. (formerly Silver Standard Resources Inc.) ("SSRM") (TSX: SSRM) (NASDAQ: SSRM) has commenced its 2018 drilling campaign on Eagle Plain's 100%-owned Fisher Property. SSRM is planning approximately 18,000m (59,000') of drilling for the property during 2018, with an in...Read More
SHANGHAI, Mar 20 (SMM)? 1/4 ?Spot copper in the Shanghai market was offered at a discount of 220-190 yuan/mt on the morning of Tuesday March 20, SMM learned. This compared with discounts of 260-220 yuan/mt on the previous day's morning. 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...Read More
SHANGHAI, Mar 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightExcept for SHFE aluminium, base metals edged down across the board under pressure from cautious sentiment ahead of the Federal Reserve’s meeting that will determine the hike in interest rates. LME copper and nickel fell close to 1%.The eurozone’s seasonally adju...Read More
SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More
RAPAPORT... Swiss watch exports increased in February, driven by thestrongest monthly growth in shipments to Hong Kong and the US in six years, theFederation of the Swiss Watch Industry reported Tuesday. Worldwide shipments of Swiss timepieces climbed 13% year onyear to $1.78 billion (CHF 1.69 billion) last month. Exports to Hong Kongjumped 36% to $268.1 million (CHF 255.2 million), while tho...Read More
The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo's determination to push through a new mining code that substantially increases the cost of doing business in the central African nation.Lobbying of President Joseph Kabila (who insisted that the CEOs personally show up in Kinshasa for talks) that lasted six hours ended with no concessions other t...Read More
RAPAPORT... Mountain Province's March tender achieved the miner's highestaverage selling price to date, driven by a bigger-than-average selection of largeand high-value diamonds, the company said. The miner sold 177,000 carats of rough from its Gahcho Ku?(C)mine at an average price of $142 per carat, for a total of $25.1 million, itreported in a statement last week. Production from the end of last...Read More
The auto industry is "waking up too late" to the fact that China will hold most of the world's supply of battery raw material cobalt, Ivan Glasenberg, CEO of top producer of the metal Glencore, said on Tuesday according to a Reuters report."If cobalt falls into the hands of the Chinese, yeah you won't see EVs being produced in Europe etc. They are waking up too late … I think it's because th...Read More
RAPAPORT... MID House of Diamonds was the premier Israelipolished-diamond exporter for the third consecutive year, according to a list thenation's Ministry of Economy and Industry published recently.The company, whose exports dropped 5% to $175 million in2017, was one of four in the top 10 that saw a decline. Overall, polishedexports for the country fell 4% to $4.48 billion, government data showed...Read More
On the 15th anniversary of the Iraq War, Americans are more skeptical of the US government, and no one has been held accountable for invading based on false intelligence. Former Congressman Ron Paul (R-Texas) joins RT America's Ed Schultz to discuss what has changed since the start of the war.Read More
'Mrs. F.' was 84 years old the first time she ever went to prison. Her crime? Petty shoplifting. She stole rice, strawberries, and cold medicine.Continue...Read More
"It doesn't matter what Kudlow says...he says the dollar is going to rise and gold will fall, and put tariffs on China. The tariffs on China are actually going to weaken the dollar, which is good for gold." Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializi...Read More
Crude steel output in Argentina grew 36.8% year on year in February, according to figures released by national steel association Acero Argentino on Tuesday March 20.Production amounted to 417,300 tonnes, up from 305,100 tonnes the year before.February's crude steel output also increased 21.4% from January's level of 343,000 tonnes.The month on month recovery is a result of the conclusion of mainte...Read More
German government figures and steel companies are looking for a quick resolution to the concerns cerated by the impending United States import tariffs on European steel. "We have agreed that very intensive talks between the EU and [the US] are needed this week to avoid a trade conflict that could damage the vital interests of both sides," Peter Altmaier, Germany's economy minister, said on Monday...Read More
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Price slide continues Aluminium prices continue...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More