Base metals traded on the London Metal Exchange are mixed this morning, Tuesday March 6, with lead, zinc and tin prices down by an average of 0.5%, while copper, aluminium and nickel prices are up by an average of 0.3%.Volume has been average with 7,431 lots traded as of 07.16am London time. Precious metals prices are little changed to slightly firmer with the complex up by an average of 0.1%, wit...Read More

The changing dynamics of bauxite and alumina markets have demanded an evolution in the means of pricing them. The alumina market - and the way it is priced - has transitioned over the past 10 years. Fixed-price, long-term contracts, agreed as a percentage of the aluminium price on the London Metal Exchange, have instead transformed into contracts tied to third-party reference prices or indices, in...Read More

The three-month copper price rebounded over $7,000 per tonne for the first time this month at the close on Tuesday March 6, with the metal undergoing a short-covering rally. "Given the drop in open interest so far this week, LME copper seems to be experiencing a short-covering rally. But fresh buying needs to emerge to make the LME copper strength sustainable," Boris Mikanikrezai, Metal Bulletin a...Read More

Iron ore prices fell to $76 per tonne cfr China on Tuesday March 6 on growing port inventories.Metal Bulletin's 62% Fe Iron Ore Index Today: $76.07 per tonne cfr QingdaoDaily change: down by $0.96 per tonneMonth-to-date average: $77.71 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.56 per tonne cfr QingdaoDaily change: down by...Read More

Trading activity remained thin in the coking coal market on Tuesday March 6 despite burgeoning offers with end-users yet to come to terms with how much sellers are asking.A cargo of second-tier hard coking coal was heard to have traded around $201-202 per tonne fob Australia while a shipment of semi-hard materials changed hands at $195 per tonne fob Australia. A trader source said that "despite th...Read More

Some flat steel import prices in the United Arab Emirates and Saudi Arabia decreased this week despite the strong demand in the UAE, sources told Metal Bulletin on Tuesday March 6.UAEHot-rolled coil (HRC) was being offered to the UAE at $640-650 per tonne cfr from China while a buyer was bidding $610-620 per tonne cfr.No price was heard from India this week.About 2,000 tonnes of HRC was booked fro...Read More

Cobalt prices rose closer to $40 per lb on Friday March 2 when suppliers raised their offers again, confident that buyers will soon have to book at higher levels on bullish expectations for electric vehicle batteries and good demand from the super-alloys sector.Metal Bulletin's benchmark low-grade cobalt price climbed to $38.80-39.85 per lb from $38.75-39.70 per lb on Wednesday February 28, while...Read More

A summary of base metals premiums across the globe for the week to Tuesday March 6.Read More

Comex copper prices recovered in morning trading on Tuesday March 6, with a bout of short-covering lifting the metal from the doldrums.Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 4.05 cents or 1.3% to $3.1685 per lb. "Copper has enjoyed a rebound since the start of the week, with (LME) prices up nearly 1%," Metal Bulletin analyst...Read More

The latest metal markets news and price moves to start the North American day on Tuesday March 6.Base metals prices on the London Metal Exchange were mostly higher the board during morning trading - with the complex beginning to recover from Monday's weakness.Here's how LME prices looked at 11:45 London time:Read our live futures report here. "The rise in zinc stocks on the LME sent jitters t...Read More

Base metals prices on the London Metal Exchange were higher across the board during morning trading on Tuesday March 6 - with the complex beginning to recover from Monday's weakness. Zinc prices hit a fresh two-month low yesterday after 78,950 tonnes were delivered into LME-approved warehouses in New Orleans. But the three-month zinc price was $26.50 higher per tonne this morning despite 14,175 to...Read More

Spanish steel import volumes rose by 4.90% year-on-year in 2017, while exports fell in the same year, according to Unesid, the country's steel association.The volume of steel imported into Spain was 9.90 million tonnes in 2017, up by 4.90% year-on-year, according to Unesid, while exports fell by 5.90% to 8.80 million tonnes.One reason for this was that local consumption increased at the same time...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBillet Oman,...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. ...Read More

The United States is believed to be ready remove the anti-dumping duty currently applied to imports of hot-rolled coil (HRC) from Turkey because the volumes are negligible, the Turkish Steel Producers' Association (T??UD) said on Monday March 5.[Clarifies position of US Court of International Trade]The United States is believed to be ready remove the anti-dumping duty currently applied to imports...Read More

Demand for flat steel will remain strong in Turkey through March and price increases are expected to continue because producers are fully booked until late May, market participants told Metal Bulletin this week. "Producers are fully booked until mid-May, so they have increased their prices. And end-user demand is okay, so prices have some more room to rise," one trader said on March 2. "...Read More

Ganzhou Tungsten Association (GTA) has raised its tungsten price forecasts for March in line with the price recovery in the spot market after the Chinese New Year break and due to strong expectations for tighter supply in tungsten concentrates in March. The China-based association forecast average prices for black tungsten concentrate 65% and ammonium paratungstate (APT) in March at 113,000 yuan (...Read More

The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More

Chinese mining shutdowns drove tungsten concentrate and APT prices upward in the latest assessment, with European APT prices following suit. Chinese APT, concentrate prices bolstered by operation suspensions  European APT prices follow Chinese market upward  European ferro-tungsten market sees subdued spot demand The Chinese tungsten market rebounded significantly last week, and domesti...Read More

Largo Resources will add vanadium pentoxide (V2O5) powder to its portfolio of vanadium products produced from the Maracas Menchen mine in Brazil. The Canada-based vanadium producer intends to qualify, produce and sell V2O5 powder through Glencore International AG. The Swiss commodity giant currently serves as the exclusive off-taker of all vanadium products produced at the Maracas Menchen mine. "A...Read More