A summary of Luoping Zinc & Electricity's production results for the year ended on December 31, 2018, as well as its production guidance for 2019.In brief The year-on-year decline in zinc metal and zinc concentrates output was mainly attributed to the lower adjusted production plan for 2018 and the production stoppages due to non-compliance with the environmental inspection regulations. The compan...Read More

The mining, production and concentrate transport at MMG's Las Bambas copper mine in Peru is expected to progressively return to normal operations, the mining company said on Monday April 8 in a notice to the Hong Kong Exchange. The resumption comes after an agreement was reached between MMG and the community of Nueva Fuerabamba. "In response, the community has agreed to lift their current roadbloc...Read More

Plate prices remain flat in what to date has been an unusually listless spring market, market participants said.Fastmarkets AMM's price assessment for cut-to-length plate was unchanged at $46 per hundredweight ($920 per short ton) on Friday April 5 for the second week in a row.After dropping in the first quarter, plate prices now stand exactly where they were a year ago.Mills might say that l...Read More

The market for flat steel exports from the Commonwealth of Independent States (CIS) remained slow over the past week, with no change in prices, sources told Fastmarkets on Monday April 8.Fastmarkets' weekly price assessment for CIS-origin hot-rolled coil exports was unchanged at $500-515 per tonne fob Black Sea on April 8.Russia-origin HRC was on offer at $515 per...Read More

China's domestic and export prices for rebar increased sharply on Monday April 8 following gains in the billet and futures markets.Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($592-600) per tonne, up 80 yuan per tonneNorthern China (Beijing): 3,950-3,980 yuan per tonne, up 40-50 yuan per tonneBuying interest picked up during the day amid increases in both the billet and futures markets, wh...Read More

China's domestic and export prices for hot-rolled coil surged on Monday April 8 on improved sentiment, which took many overseas buyers by surprise.DomesticEastern China (Shanghai): 3,950-3,970 yuan ($588-591) per tonne, up 60-70 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, up 50-60 yuan per tonneThe day's price increases were largely attributed to the strength of the iron or...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, domestic, commercial-grade...Read More

Import prices for re-rolling-grade hot-rolled coil into Vietnam were stable over the past week on limited demand.Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $540-545 per tonne cfr for the week ending Monday April 8, unchanged from the preceding week.Offers were at $545-554...Read More

Turkish domestic scrap prices have gone down slightly over the past seven days in line with falling imported scrap values, sources said on Monday April 8.Fastmarkets' weekly price assessment for domestic auto-bundle (DKP-grade) scrap in Turkey was TRY1,695-1,870 ($301-332) per tonne delivered on Monday, widened downward from last week's TRY1,700-1,870 per tonne.This slight change came after a numb...Read More

Physical iron ore prices increased further on Monday April 8, with Fastmarkets' MB 62% Fe Iron Ore Index jumping above $95 per tonne cfr China following surges in the derivatives markets.MB 62% Fe Iron Ore Index: $95.30 per tonne cfr Qingdao, up $2.40 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.42 per tonne cfr Qingdao, up 2.40 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $97.60 per to...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 oreVale, Global Ore, 170,000 tonnes of 62%...Read More

Seaborne coking coal prices were largely stable on Monday April 8 amid thin trading.A cargo of premium mid-vol hard coking coal was offered at 103% of a basket of indices while a shipment of a lower-ranked brand was offered around 98-99% against the same indices, an Indian end-user source said. He did not specify the shipment dates for these...Read More

A summary of Vedanta's production results for the fiscal year ended on March 31, 2019.In brief Vedanta's Indian copper output decreased sharply by 78% due to the Tuticorin smelter's shutdown after protests against its plans to double capacity reached fever pitch toward the end of March.Custom copper volumes at the company's Zambian projects decreased by 22% to 87,000 tonnes over the 2019 financial...Read More

The London Metal Exchange has issued its first code of conduct, outlining standards for behavior that were intended to promote a cooperative working environment, it said in a note to members on Monday April 8.The code of conduct will extend to the LME's entire market remit, and will apply to staff members of LME Group, member employees, visitors at any of the exchange's premises, and to anyone who...Read More

Fastmarkets hosted a free web seminar with the London Metal Exchange on Monday April 8 to introduce the new LME cobalt contract, cash-settled against Fastmarkets' benchmark cobalt price. If you missed it, follow the link below to listen to the free recording. Introducing the new Fastmarkets-settled LME cobalt contract During the web seminar we discussed: Fastmarkets' price discovery...Read More

Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixBatteries for electric vehicles (EVs) and stationary energy storage dev...Read More

Base metals prices on the London Metal Exchange were mixed during morning trading on Monday April 8, with the strength in the US dollar index capping prospective gains while low LME stocks fuel upward price momentum. Copper's three-month price was trading around 1% higher over the morning, making a marginal recovery after falling below $6,400 per tonne and selling-off more than 2% of its three-mon...Read More

Progress in US-China trade negotiations over the weekendhelped push up base metals prices on the London Metal Exchange in early morning trading on Monday April 8. Further progress on US-China trade negotiations was reported over the weekend by Chinese state media CCTV. The overall tone was positive, with CCTV claiming that both sides are working on a draft to address technology transfers, pro...Read More

Key data from the pricing session in London on Friday April 5. Key drivers  The European 553 silicon price fell 3.1% during the latest pricing session in a very low liquidity market in which some offers below the previous range started to emerge. The silicon grade 441 quotation also softened on a lack of liquidity...Read More

The benchmark standard-grade cobalt price rebounded in the last week of March, after having been under pressure during the previous five months, when traders and consumers returned to the spot market to restock following a rundown in inventories.Price moves Fastmarkets' standard-grade cobalt assessment rose 2.2% to $13.75-14.4 per lb on Friday March 29, the last pricing session in March. The...Read More