The seaborne iron ore concentrate market saw limited activity in the week ended Thursday March 29, with some sellers offering lower premiums to entice business.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $86.64 per tonne cfr China on Thursday, down by $1.55 per tonne or 1.8% from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $80.68 per tonne cfr Chi...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Friday March 30.Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai t...Read More
Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday March 30, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai time, down by 0.8% or 115 yuan per tonne from Thursday's close.Overnight weakness in the LME's three-month aluminium...Read More
Zinc and lead concentrate treatment charges (TCs) rose in March, reflecting expectations of better supply and fewer smelter shorts in the market.Concluded deals were few and far between, with much of the market waiting for annual contract reference prices to settle before delving into the spot market.Both zinc and lead concentrate markets are in the process of turning away from super-tight conditi...Read More
Copper concentrate treatment and refining charges (TC/RCs), ticked lower at the end of March, with traders continuing to bid lower for spot material and smelters re-adjusting bids to the downside.The Metal Bulletin copper concentrates TC/RC index stood at $66 per tonne/6.6 cents per lb on Thursday March 29, down from $68.6/6.86 cents a fortnight ago.Copper concentrate TC/RCs, discounts on exchange...Read More
Chilean state-owned miner Codelco achieved its second highest copper output ever in 2017, despite contending with a decline in ore grades, the company announced on Thursday March 30.Production from Codelco's wholly-owned mines totaled 1.73 million tonnes last year, an increase of 1.5% from 2016's 1.71 million tonnes."We reached the second largest production of our history despite the decline in or...Read More
Egypt's biggest steel producer, Ezz Steel, enjoyed normal industrial operations in 2017 after several years of disturbed activity, the company said on Thursday March 29. Firstly, Ezz Steel did not suffer any interruptions to the electricity or natural gas supplies. Secondly, the foreign currency needed for the purchase of imported raw materials was made available without limitation, company chairm...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. Latest transaction: billetBillet China,...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: Hot-rolled coilHot-rolled coilEast China,...Read More
Turkish steelmakers returned to the deep-sea ferrous scrap market picking up a cargo at stable prices, while US ferrous scrap exporters continue to enjoy bulk sales at strong numbers to emerging markets. On the other hand, Taiwan's and India's import scrap prices dipped on limited trading, due to buyers in both markets remaining conservative in the face of lower Chinese steel prices and uncer...Read More
China's domestic stainless steel prices widened downward slightly over the past week amid sparse trading activity. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-15,100 yuan ($2,256-2,399) per tonne including VAT for the week ended Thursday March 29, compared with 14,300-15,100 yuan per tonne from a week earlier. Demand sti...Read More
War!What is it good for?Absolutely nothing!- Edwin StarrIn the summer of 1970, Gordy Records released Edwin Starr's version of the counterculture hit song "War." I'm sure you've heard the song a million times.Starr was a one-hit wonder. But the track was a powerful and dramatic tune that perfectly characterized the anger and disapproval felt by the anti-war movement toward America's involvement in...Read More
Starting this past Sunday, people who live in Washington D.C. will have a harder time finding the Russian-government funded RT on their TV sets.Continue...Read More
A few days ago, Nissan announced a drastic increase in electric vehicle (EV) production and sales.The company aims to sell 1 million battery-powered vehicles annually through the financial year ending March 2023.That's pretty ambitious when you consider that annual EV sales passed 1 million units total, worldwide, for the first time ever just last year.But Nissan is betting big-time on growth - es...Read More
The silver miners’stocks have really languished since mid-2016, relentlessly grinding sideways tolower. With gold out of favor, silverand its miners have largely been left for dead and forgotten. This sector is deeply mired in universalapathy and bearishness. But since silverstocks can skyrocket when silver decisively rallies again, it’s important tokeep an eye on sil...Read More
Via Sovereignman.comIt's about time. Someone has finally discovered what the adult entertainment industry has been missing for so many years: blockchain.It's true: a bunch of porn stars have recently gotten together to launch Bunny Software Ltd, a new cryptofinance startup that aims to 'disrupt' how people pay for pornography.Instead of charging your credit card for that Pornhub Premium account, n...Read More
"In that dramatic scene on Calvary's hill three men were crucified. We must never forget that all three were crucified for the same crime - the crime of extremism. Two were extremists for immorality, and thus fell below their environment. The other, Jesus Christ, was an extremist for love, truth and goodness, and thereby rose above his environment. Perhaps ...the nation and the world are in dire...Read More
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