Chinese stainless mills issued higher ferro-chrome tender prices for the month of March, lending support to UG2 chrome ore and Asian ferro-chrome prices. UG2 chrome ore, Chinese contract prices increase on higher mill tender prices Japanese, South Korean prices bolstered by strengthened Chinese market European ferro-chrome prices firm on thinning supplies, expectations of higher benchmark US price...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

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreGlobal...Read More

The seaborne iron ore market continued to weaken on Tuesday March 6 on growing port inventories, but steel mills remain optimistic due to the current good profitability of steel products. Key drivers Iron ore inventories at 42 major Chinese ports continued to pile up, reaching 159.37 million tonnes on Tuesday, up 740,000 tonnes since last Friday. Some trading sources said that very few m...Read More

China's steel futures recovered Monday night's loss during the morning trading session on Tuesday March 6, while contracts for steelmaking raw materials were largely flat. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,960 ($624) per tonne, up 20 yuan per tonne May hot-rolled coil: 4,048 yuan per tonne, up 13 yuan per tonne Dalian Commodity Exchange May iron ore: 5...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 6*Copper -$83.01 (-527.93 yuan) Aluminium -$432.76 (-2,752.42 yuan) Zinc -$95.40 (-606.78 yuan) Nickel -$429.91 (-2,734.31 yuan) *Metal Bulletin calculates the physical...Read More

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 European Commission (EC) has extended existing anti-dumping duties of 48.3-71.9% into seamless, stainless steel tube & pipe originating from China for another five years, it said on Tuesday March 6.The duties were confirmed at 71.9% for Changshu Walsin Specialty Steel, at 48.3% for Shanghai Jinchang Stainless Steel Tube Manufacturing and at 48.6% for Wenzhou Jiangnan Steel Pipe Manufacturing.T...Read More

Due to an administrative error, the stainless index was published on Tuesday March 6 2018, one day later than scheduled.Metal Bulletin's weekly raw materials index for Europe-origin grade-304 stainless steel should have been published as $1,531.44 per tonne on Monday March 5, but an administrative error delayed the publication until Tuesday March 6.Throughout Monday March 5, the index therefo...Read More

Limited offers and bullish sentiment resulted in import prices for steel billet in Southeast Asia rising further over the past week and those for slab in the wider region including East Asia to narrow upward.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $560-575 per tonne cfr for the week ended Monday March 5, up $20 per tonne from a week earlier.Numerous deal...Read More

British company Sirius Minerals (LON:SXX), the company building a huge polyhalite mine beneath a national park, is looking to raise up to $2 billion in government-backed debt to finish building its fertilizer project in North Yorkshire.Delivering preliminary results for 2017, the company said its main focus this year will be securing up to $3bn from banks, including roughly $2bn under the gover...Read More

US President Donald Trump's proposed tariffs on steel and aluminum imports are a "black day" for the world and businesses, BHP chief executive officer Andrew Mackenzie said Tuesday.Speaking at the AFR Business Summit, the leader of the world's biggest miner said Trump's protectionist move was just a way of propping up an uncompetitive industry.He was referring to the White House's plan to hike tar...Read More

Rio Tinto (ASX, LON:RIO) and two former top executives have filed a motion requesting a U.S. regulator's lawsuit accusing them of fraud for overstating the value of Mozambique coal assets to be dismissed.In the 71-page filing, quoted by FT.com, lawyers representing the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott argue the Securities and Exchange Commi...Read More

Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More

Ontario's Minister of Northern Development and Mines, Michael Gravelle, announced today that the Northern Ontario Heritage Fund Corporation will provide funding to companies developing innovative technology for mining projects in the northern section of the province.Talking at the Prospectors and Developers Association Convention in Toronto, Gravelle said that by supporting such ventures his offic...Read More

South Africa's Directorate for Priority Crime Investigation arrested 33 people that were illegally extracting gold at the rehabilitated Ellerton mine, just outside the northeastern town of Giyani.In a joint operation that involved the Serious Organised Crime Investigation Unit?EUR? the Department for Mineral Resources?EUR? the Provincial Organised Crime Unit?EUR? Public Order Police?EUR? the Air W...Read More

https://www.reuters.com/TORONTO (Reuters) – While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making.An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a four-year decline, underpinned by a rebound in metals...Read More

"There is going to be a massive monetary/fiscal collision of a type I haven't seen in my lifetime."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Co...Read More

Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More