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Current News Search

Metal News & Reports (GMT)

    • ANALYSIS | 29 Apr 22:34
    • US bulk sales to Mexico boost sentiment for May
    • Houston, 29 April (Argus) — Two US bulk cargo sales to Mexico this week at price levels that rivaled a recent increase to Turkey have cemented market opinion that domestic ferrous scrap prices will rise significantly in May. US prices for primary scrap are expected to settle $10-20/gros
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    • NEWS | 29 Apr 22:22
    • US launches steel dumping probe against 12 nations
    • Houston, 29 April (Argus) — The US opened an investigation to determine whether imports of certain carbon and alloy steel cut-to-length plate from China, Turkey, India and nine other countries were subsidized or being sold in the US at less than fair market value. The Commerce Departmen
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    • ANALYSIS | 29 Apr 21:59
    • This Week in Metals: 25-29 April
    • Prices of most metals, crude and other commodities rose this week as the dollar settled at its lowest level in more than a year and the Federal Reserve signaled it will be slow to raise rates. The US economy grew at a 0.5pc rate in the first quarter, its slowest pace in two years, data
    • Read more
    • COMMENTARY | 29 Apr 21:54
    • US Mn: Prices mixed amid easing supply
    • New York, 29 April (Argus) — Prices for US high-carbon ferro-manganese firmed this week amid comparatively tighter near-term supply and stable demand. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices rose to $810-850/gt this week from $800-840/gt a week earlier. Prices have increas
    • Read more
    • NEWS | 29 Apr 18:56
    • Century Aluminum may shut Mt Holly in August
    • Houston, 29 April (Argus) — Chicago-based Century Aluminum has set the end of August as the deadline for resolving its months-long dispute over electricity with state utility company Santee Cooper. "We need to find a solution here over the next couple of months or we're looking at a dec
    • Read more
    • NEWS | 29 Apr 18:51
    • Aluminum alloy prices slip in quiet market
    • Houston, 29 April (Argus) — Secondary alloy prices fell under pressure this week on a lack of trading and an abundance of low-price ingots. A380.1 prices slipped for a second week, falling to 86-87¢/lb from 86-87.5¢/lb a week earlier and 319.1 decreased to 89-91¢/lb from 90-91¢/lb. Lo
    • Read more
    • COMMENTARY | 29 Apr 18:31
    • Turkish scrap: Short-sea sales, but no deep-sea
    • London, 29 April (Argus) — Turkish mills continued to scoop up all available short-sea material, in both the Black Sea and Adriatic markets today, amid a lack of activity in the deep-sea market. One Marmara mill paid $292/t cif Marmara for Romanian HMS 1/2 80:20, while another Marmara
    • Read more
    • NEWS | 29 Apr 18:26
    • Stainless scrap pushed higher by LME nickel
    • Houston, 29 April (Argus) — Stainless steel scrap prices rose for a fourth week as nickel prices on the London Metal Exchange (LME) settled Friday at their highest level of 2016. Processor buying prices for type 304 (18-8) scrap solids traded at $1,040-1,095/gt Friday, up from $1,025–1,
    • Read more
    • NEWS | 29 Apr 18:24
    • US zorba rises amid LME gains
    • Houston, 29 April (Argus) — Prices of US zorba for export rose in the latest week, while other scrap prices were largely flat, as consumers look to secondary aluminum ingot to follow terminal prices higher. The price of zorba, 94pc metallic with 3-4pc red metal content, increased to 64-
    • Read more
    • NEWS | 29 Apr 17:55
    • Evraz certifies rebar for the EU market
    • London, 29 April (Argus) — Russian vertically integrated steelmaker Evraz's ZSMK steelworks in west Siberia have completed development and certification of rebar for the European market, the company said. The new B500B grade rebar of 10mm, 20mm and 40mm diameter has successfully passed
    • Read more
    • COMMENTARY | 29 Apr 16:57
    • LME nickel, zinc and lead rally, tin lower
    • London, 29 April (Argus) — London Metal Exchange nickel, zinc and lead were higher this week but tin prices slipped as Indonesia increased exports. Three month nickel traded at $9,445/t on Friday, up from $9,170/t a week ago, with volumes of trade slightly lower than last week. The move
    • Read more
    • COMMENTARY | 29 Apr 16:53
    • LME copper, aluminium higher on dollar fall
    • London, 29 April (Argus) — London Metal Exchange (LME) copper and aluminium prices rose slightly on the week, helped by a depreciation of the US dollar against the yen and the euro. Three-month copper futures traded at $5,026/t Friday, up from $5,005.50/t last week, on volumes close to
    • Read more
    • NEWS | 29 Apr 16:42
    • Rusal sees higher sales at lower prices in 1Q
    • London, 29 April (Argus) — Russian aluminium producer Rusal reported an increase in sales tonnage in the first quarter 2016, boosted by aluminium production from the new Boguchansky smelter. But selling prices fell, reflecting a reduction in physical premiums for aluminium. The Boguchan
    • Read more
    • NEWS | 29 Apr 16:37
    • Norilsk Nickel output down 6pc in 1Q
    • London, 29 April (Argus) — Russian nickel miner Norilsk Nickel reduced its nickel output by 6pc in the first quarter of this year to 64,000t as the company changed the configuration of its downstream output facilities at the Polar division. Lower nickel content in the Polar mine ore and
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    • NEWS | 29 Apr 16:27
    • Chile molybdenum production rises sharply in March
    • Sao Paulo, 29 April (Argus) — Chile's molybdenum concentrate production was 4,792t in March, 44.9pc higher than the 3,307t produced in the same month a year earlier, data from the national statistics institute (INE) showed. But output was down 9.2pc against February's 5,2781t. In the f
    • Read more
    • NEWS | 29 Apr 16:21
    • Chile copper output up in March
    • Sao Paulo, 29 April (Argus) — Chile's copper concentrate production in March was 3pc higher against the same month a year earlier, data from the national statistics institute (INE) showed. Output, supported by the onset of new production, came in at 488,759t compared with 474,741t in Ma
    • Read more
    • NEWS | 29 Apr 16:15
    • Olympic Steel expects better earnings, sales fall
    • Houston, 29 April (Argus) — Ohio-based metals service center Olympic Steel expects "positive momentum" in metal prices to favorably impact future financial results after sales fell by 25pc in the first quarter of 2016. The company's sales fell to $258.3mn in latest quarter from $345.9mn
    • Read more
    • NEWS | 29 Apr 15:34
    • China's steel output growth tails off in mid-April
    • Singapore, 29 April (Argus) — China's crude steel output levelled off in mid-April, after sharp growth earlier in the month. Output in the 11-20 April period averaged 2.28mn t/d, up by just 0.8pc from the previous 10 days. Output at around 100 large mills affiliated to the China iron an
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    • NEWS | 29 Apr 15:31
    • LKAB warns of temporary iron ore price rise
    • London, 29 April (Argus) — The increase in iron ore prices during the first quarter of this year is unlikely to last because oversupply in global markets is expected to continue, Swedish mining company LKAB said. Iron ore prices had "developed relatively strongly" during the initial thr
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    • NEWS | 29 Apr 15:00
    • WEEK IN REVIEW: Metals echo volatile currencies
    • London, 29 April (Argus) — Price direction and short-term sentiment are shifting daily while holidays in parts of Europe and the late Orthodox Easter will delay business activity early next week. This week, the rise in oil prices that saw Brent crude move above $48/bl on Thursday was ac
    • Read more
    • NEWS | 29 Apr 14:39
    • DJ Comex Futures Open Interest
    • DJ Comex Futures Open Interest - Apr 29 Data for previous business day. Open Interest subject to revision. Source: CME Group Gold Open Open Interest Change Silver Interest Change GC J16 0
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    • NEWS | 29 Apr 13:54
    • Adani Enterprise plans copper project in Gujarat
    • Mumbai, 29 April (Argus) — Indian NSE-listed Adani Enterprises, which is owned by Indian industrial and energy conglomerate Adani Group, plans to develop the Mundra copper project in the western state of Gujarat with a production capacity of 1 mn t/yr of copper cathode and 500,000 t/yr o
    • Read more
    • NEWS | 29 Apr 12:09
    • Jubilee ready to ship first chrome concentrate
    • Perth, 29 April (Argus) — South African minerals and metals company Jubilee Platinum has readied the first 1,000t of saleable chrome concentrate for shipment from its chrome and platinum group metals tailings project in South Africa's Limpopo Province. The company said throughput at its
    • Read more
    • NEWS | 29 Apr 12:07
    • DJ Comex Futures Volume
    • DJ Comex Futures Volume - Apr 29 For previous business day. In contracts. Source: CME Group Composite Composite Globex Gold Volume Globex Silver Volume Volume GC K16 887 887 SI K16 24,298
    • Read more
    • NEWS | 29 Apr 12:06
    • Global Mn ore output sees mixed results in March
    • London, 29 April (Argus) — Global manganese ore production bounced in March month-on-month, snapping a three-month losing streak because of higher output in Asia and CIS countries. But world production was lower in March year-on-year, said data from the International Manganese Institute
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    • NEWS | 29 Apr 12:03
    • DJ Comex Globex Final Volumes
    • DJ Comex Globex Final Volumes - Apr 29 For previous business day, in contracts. Source: CME Group Futures Gold 227,941 Silver 98,842 Copper 64,894 Write to Kathy Lang at csstat@dowjones.com (END) Dow Jones Newswires April 29, 2016
    • Read more
    • NEWS | 29 Apr 10:24
    • Almonty outlines ferro-tungsten strategy
    • Sao Paulo, 29 April (Argus) — Almonty Industries has said its move to take a controlling stake in ATC alloys in Queensland, Australia is part of a strategy to combat low tungsten prices during times of tough trading conditions. Once the deal goes through, Almonty will aim to feed conce
    • Read more
    • NEWS | 29 Apr 10:19
    • China's Galaxy Magnets reports 1Q profit rise
    • Beijing, 29 April (Argus) — China's Shenzhen-listed Galaxy Magnets, one of the world's largest RE magnet producers, posted profit of 22.47mn yuan ($3.5mn) for January-March a rise of 24pc from a year earlier, mainly thanks to a decline in production costs. Sales revenue was up only slig
    • Read more
    • NEWS | 28 Apr 22:34
    • Boeing signs 787-9 order with China Eastern
    • New York, 28 April (Argus) — Illinois-based aerospace manufacturer Boeing will produce 15 787-9 Dreamliners for China Eastern Airlines. Boeing signed the order worth $4bn with China Eastern with plans to operate between China, Europe, and North America. With this new order, Boeing incr
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    • NEWS | 28 Apr 22:16
    • Hudbay boosts copper output amid falling prices
    • Houston, 28 April (Argus) — Integrated mining firm Hudbay Minerals boosted copper output by 159c in the first quarter from a year earlier as commercial production continued at the Constancia mine in Peru. Copper production rose to 38,879t from 15,008t a year earlier. Output of zinc rose
    • Read more
    • NEWS | 28 Apr 21:53
    • Leggett & Platt sticks to forecast after 1Q drop
    • Leggett Platt sticks to forecast after 1Q drop Houston, 28 April (Argus) — Diversified manufacturer Leggett Platt left its sales growth forecast for the year unchanged after first quarter sales decreased by 3pc from a year earlier. "Sales guidance is unchanged at $3.9-$4.1bn, which e
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    • NEWS | 28 Apr 21:45
    • Century Aluminum sales fall amid weak prices
    • Houston, 28 April (Argus) — Shipments of Chicago-based Century Aluminum fell by 25pc in the first quarter from a year earlier along with sales, which decreased by nearly half. The company shipped 160,089 tonnes of primary aluminum in the quarter ended 31 March, not counting tolled mater
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    • COMMENTARY | 28 Apr 20:46
    • Aluminum smelter scrap prices rise with higher LME
    • Houston, 28 April (Argus) — Prices for most grades of secondary aluminum scrap increased this week as a 10-month high in London Metal Exchange aluminum made higher quality grades less affordable to some and stoked competition for secondary units. LME cash aluminum has settled above 74¢/
    • Read more
    • ANALYSIS | 28 Apr 20:04
    • Chile keeps copper price forecast unchanged
    • Houston, 28 April (Argus) — The Chilean Copper Commission (Cochilco) kept its 2016 copper price estimate unchanged at $2.12/lb as demand/supply and economic and financial conditions in main global markets remain little changed. Cochilco forecasts copper prices will average $2.20/lb in 2
    • Read more
    • COMMENTARY | 28 Apr 20:04
    • US metcoal: Prices rise on demand in China
    • New York, 28 April (Argus) — Spot US coking coal prices for export rose this week after China increased metallurgical coal imports to support an improving steel industry and buyers looked for alternatives to higher priced Australian coking coal. Prices for US metallurgical coal FOB Hamp
    • Read more
    • NEWS | 28 Apr 20:01
    • US steel import license requests fall in April
    • Houston, 28 April (Argus) — US steel import license requests for April were down by 30.2pc from the prior month, led by a drop in requests for steel blooms, billets and slabs. Requests for all steel mill products fell to 1.9mn tonnes from 2.7mn t the prior month, according to data provi
    • Read more
    • COMMENTARY | 28 Apr 19:53
    • Stainless steel scrap falls on nickel decline
    • Houston, 28 April (Argus) — Prices of stainless steel scrap fell in Europe and India in the latest week as terminal nickel prices declined from a five-month high. Scrap solids in Rotterdam and Germany traded at 47-48¢/lb for 304 (18-8) material, down from 47-49¢/lb a week earlier, while
    • Read more
    • NEWS | 28 Apr 19:31
    • LME nickel: Prices fall after rally above $9,000/t
    • London, 28 April (Argus) — London Metal Exchange (LME) nickel prices moved lower this week as participants reacted to an unexpected mid-week rise last week. Nickel has consistently traded in a $8,000-9,000/t range since November 2015, but that changed last week when prices rose to $9,46
    • Read more
    • NEWS | 28 Apr 18:29
    • Steel imports into Houston fall in March
    • Houston, 28 April (Argus) — Steel imports into the port of Houston fell by 69pc in March from the same month a year earlier, and are down by 65pc year-to-date. Imports fell to 207,768 net tons (188,483 metric tonnes) from 660,232nt a year earlier, according to data released by the Port
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    • COMMENTARY | 28 Apr 18:17
    • CIS pig iron: Offers continue to push higher
    • London, 28 April (Argus) — Prices of Russian and Ukrainian basic pig iron (BPI) remained firm this week, with no new deals concluded, but exporters continuing to test the water with higher offers. A Ukrainian steelmaker confirmed that it is indicating readiness to sell its BPI at $340/t
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    • COMMENTARY | 28 Apr 18:16
    • Turkish scrap: Deep-sea seller withdraws offer
    • London, 28 April (Argus) — Turkish mills were uninterested in buying deep-sea scrap cargoes today, with attempts to sell their steel products at higher prices remaining their priority this week. As such, deep-sea scrap suppliers made no offers today, anticipating that Turkish mills will
    • Read more
    • COMMENTARY | 28 Apr 17:56
    • LME nickel: Prices fall after rally above $9,000/t
    • London, 28 April (Argus) — London Metal Exchange (LME) nickel prices moved lower this week as participants reacted to an unexpected mid-week rise last week. Nickel has consistently traded in a $8,000-9,000/t range since November 2015, but that changed last week when prices rose to $9,4
    • Read more
    • NEWS | 28 Apr 17:28
    • Brazil iron ore mine restart could be delayed
    • Rio de Janeiro, 28 April (Argus) — Brazilian iron ore mining firm Vale's plans to restart its suspended 25mn t/yr Samarco operations in the Brazilian state of Minas Gerais could be delayed to the first few months of next year owing to a prolonged environmental permitting process. Samarc
    • Read more
    • ANALYSIS | 28 Apr 17:22
    • Ferrous scrap: Bulk freight rates steady
    • London, 28 April (Argus) — Freight rates for Supramax scrap cargoes from European ports and US east coast ports into Turkey were unchanged week on week, as charterers stepped back from the market after a flurry of deals last week. Freight rates for scrap cargoes of 40,000t on Supramax
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    • NEWS | 28 Apr 17:08
    • TimkenSteel forecasts flat second quarter
    • Houston, 28 April (Argus) — US-based TimkenSteel expects its steel shipments by volume in 2Q 2016 to remain similar to the first quarter, which were down by 31.3pc from the first quarter of 2015. Timken, which makes special bar quality (SBQ) steel bars and seamless mechanical tubing, s
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    • NEWS | 28 Apr 16:58
    • LKQ sees autoparts, services growth
    • Houston, 28 April (Argus) — Chicago-based auto parts supplier LKQ forecasts organic revenue growth of 6-8pc in 2016 as it reported its first quarter sales rose by 8.4pc from a year earlier. LKQ's updated forecast for its parts and services is based on scrap prices and exchange rates for
    • Read more
    • NEWS | 28 Apr 16:55
    • Ball profits slump on sales, merger costs
    • Houston, 28 April (Argus) — Colorado-based aluminum packaging manufacturer Ball reported a net loss in the first quarter on lower sales and higher consolidation expenses related to its acquisition of European competitor Rexam. The company's net income decreased to a loss of $127mn in th
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    • NEWS | 28 Apr 16:31
    • US steel imports fall in March
    • Houston, 28 April (Argus) — US steel imports declined by 28.4pc in March from a year earlier, led by lower imports from Canada, the EU and South Korea. The US imported 2.8mn net tons (2.5mn metric tonnes) of steel in March, the American Institute for International Steel (AIIS) said toda
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    • NEWS | 28 Apr 16:04
    • CleanTeq sends sample scandium oxide to market
    • Perth, 28 April (Argus) — Australian scandium developer CleanTeq Holdings has sent its first sample of scandium oxide to potential customers and is seeking offtake agreements in the global aerospace and solid oxide fuel cell sectors. The company has a mineral resource of 28.2mn t gradin
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    • NEWS | 28 Apr 15:55
    • Global lead surplus to widen: ILZSG
    • Houston, 28 April (Argus) — The supply surplus in the global lead market is forecast to widen threefold this year, reflecting a pickup in Chinese output and the startup of a 130,000t/yr-capacity plant in South Korea. The surplus of lead metal is anticipated to widen to about 76,000t thi
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    • NEWS | 28 Apr 15:53
    • Independence eyes first Nova Ni output
    • Perth, 28 April (Argus) — West Australia base metals and gold producer Independence Group is on track to commission its Nova nickel operation in late 2016 and produce the first nickel concentrate from the mine in December. The company said the project is on budget and on schedule. It ha
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    • NEWS | 28 Apr 15:40
    • Southern Copper posts 1Q copper output record
    • Sao Paulo, 28 April (Argus) — New York-listed Southern Copper posted record first quarter copper production as the company continues ramping up operations at the Buenavista mine in Mexico's northwest Sonora state. Copper production rose by 24.8pc against the same period last year to 221
    • Read more
    • NEWS | 28 Apr 15:35
    • Oman antimony roaster to recover gold
    • London, 28 April (Argus) — A new antimony plant being built in Sohar, Oman will incorporate a recycling stream to recover by-product precious metals, one of the project partners Tri-Star Resources said today. The board of its subsidiary Strategic Precious Metals Processing (SPMP), whi
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    • NEWS | 28 Apr 15:30
    • Tenaris expects North America price, demand growth
    • Houston, 28 April (Argus) — Global tubular steel producer Tenaris' sales dropped by 60pc in North America in the first quarter of 2016 from a year earlier, but expects prices for oil country tubular goods (OCTG) to begin rising from their "unsustainable" lows, in tandem with other raw ma
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    • NEWS | 28 Apr 14:52
    • North American steelmakers unite to fight China
    • New York, 28 April (Argus) — China needs to increase reductions in net steel production capacity in order to rebalance global steel market fundamentals, the Steel Manufacturers Association (SMA) said at its annual conference this week. "The overarching problem that's impacting steel pro
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    • NEWS | 28 Apr 14:40
    • Essar Steel and Cliffs reinstate pellet agreement
    • Houston, 28 April (Argus) — Canada-based Essar Steel Algoma and US iron ore producer Cliffs Natural Resources have agreed to reinstate an iron ore pellet purchasing agreement after its unscheduled termination that resulted in a lawsuit. Cliffs will resume supply of iron ore pellets to
    • Read more
    • NEWS | 28 Apr 13:47
    • Fiat Chrysler moves new Jeep production to Mexico
    • Houston, 28 April (Argus) — Fiat Chrysler Automobile will produce its new Jeep sports utility vehicle in Mexico. The so far unnamed vehicle "will be produced in the second half of the year out of there," FCA chief financial officer, Richard Keith Palmer said in an earnings call this wee
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    • NEWS | 28 Apr 13:41
    • Cisa tips 10pc hike in China’s 2016 steel prices
    • Cisa tips 10pc hike in China's 2016 steel prices Singapore, 28 April (Argus) — China's average steel prices this year could be more than 10pc higher than 2015, China iron and steel association Cisa said in an optimistic analysis of the market, while demand for steel products will remain s
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    • NEWS | 28 Apr 12:57
    • Vale swings to profit on iron ore price rise
    • London, 28 April (Argus) — Brazilian mining group Vale swung to a first-quarter profit of $1.8bn from a loss of $8.6bn in the fourth quarter and a loss of $3.1bn in the first quarter of 2015, on the back of higher iron ore prices. The mining company attributed the turnaround to improved
    • Read more
    • NEWS | 28 Apr 12:17
    • Zinc market seen in 352,000t deficit in 2016
    • London, 28 April (Argus) — The global zinc market is likely to be in a bigger deficit this year than anticipated six months ago as a number of producers decided to cut back production since then, according to the International Lead and Zinc Study. The group forecasts a deficit of 352,00
    • Read more
    • NEWS | 28 Apr 11:06
    • Anglo agrees niobium sale to China Molybdenum
    • Perth, 28 April (Argus) — Diversified resources group Anglo American has agreed to sell its Brazil-based niobium and phosphates business to China Molybdenum Company CMOC) for $1.5bn. Anglo American said the cash consideration will be payable at the closing of the deal, subject to certai
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    • NEWS | 27 Apr 22:18
    • Imperial Zinc sues EPI for non-payment
    • Houston, 27 April (Argus) — Illinois-based Imperial Zinc has filed a class action suit against Engineered Products Industries and its director EFR LLC for alleged breach of contract over sales of zinc it made to the defendants between July-November 2013 while EPI was insolvent and legall
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    • NEWS | 27 Apr 22:02
    • GM plans $907mn investment at US engine plants
    • Houston, 27 April (Argus) — US automaker General Motors plans to spend $788.8mn on a high-efficiency engine program and other vehicle projects, at its Spring Hill manufacturing facility in Tennessee. Construction on the various upgrades will begin in May and is expected to go on for "se
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    • NEWS | 27 Apr 21:41
    • USW and ArcelorMittal reach tentative agreement
    • Houston, 27 April (Argus) — Luxembourg-based steel producer ArcelorMittal and the United Steelworkers (USW) union have reached a tentative deal on a new labor contract nearly eight months after the expiration of a prior one. The new agreement will last until 1 September 2018 if it is r
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    • COMMENTARY | 27 Apr 21:21
    • Aluminum premium flat on higher LME, better flows
    • Houston, 27 April (Argus) — The midwest premium for primary aluminum was unchanged this week as a 10-month high in exchange prices caused traders to offer more metal. The premium stayed at 8-8.25¢/lb this week while London Metal Exchange cash aluminum settled at $1,642/t (74¢/lb) Wednes
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    • COMMENTARY | 27 Apr 21:00
    • No. 1 bare bright premium highest since June 2014
    • Houston, 27 April (Argus) — Price spreads for US No. 1 bare bright scrap rose by 1¢/lb this week because of consistent demand and low inventories at buyers and sellers. Consumer buying price spreads for No. 1 bare bright were at 2¢/lb over May Comex to 1¢/lb under Comex delivered, up fr
    • Read more
    • COMMENTARY | 27 Apr 20:51
    • Aluminum can spreads widen on better flows
    • Houston, 27 April (Argus) — Used aluminum beverage can (UBC) spreads widened this week in the US relative to the midwest transaction price as rising exchange levels increased flows into yards and supply was abundant. UBC prices rose to 64-65¢/lb from 63-64¢/lb a week earlier as the Arg
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    • COMMENTARY | 27 Apr 20:48
    • Copper cathode premiums rise on tight supply
    • Houston, 27 April (Argus) — Premiums for US copper cathodes edged up in the latest week as available material remained tight. Premiums for grade A cathodes traded at 11-month high of 6-7¢/lb delivered midwest consumer, up from 5.75-6.75¢/lb a week earlier. The market was last at this p
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    • NEWS | 27 Apr 20:40
    • Tenigal to add new galvanizing plant in Mexico
    • Houston, 27 April (Argus) — Tenigal, a joint venture between Latin America-focused steelmaker Ternium and Japanese steelmaker Nippon Steel Sumitomo Metal (NSSMC), plans to complete a second galvanizing plant in Mexico in an effort to capitalize on demand from the country's rising autom
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    • NEWS | 27 Apr 19:50
    • Ternium expects more shipments after flat quarter
    • Houston, 27 April (Argus) — Latin America-focused steelmaker Ternium's shipments during the first quarter of 2016 remained flat from the same time a year earlier, and the company expects a "marginal" increase in shipments in Mexico as prices rise. Ternium shipped 2.4mn metric tonnes of
    • Read more
    • COMMENTARY | 27 Apr 18:47
    • Duty-paid aluminium premiums rise in Europe
    • Houston, 27 April (Argus) — Premiums for duty-paid aluminium traded in Europe rose in the latest week as London Metal Exchange prices climbed by 3pc amid speculative buying by funds. The premium of P1020 duty paid aluminium rose to $135-145/t from $125-140 a week earlier amid slow tradi
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    • NEWS | 27 Apr 18:46
    • Sherritt upbeat on Ambatovy project future
    • San Diego, 27 April (Argus) — Canada's Sherritt International has said it expects Japanese group Sumitomo and Kores, its partners in the Ambatovy nickel-cobalt project in Madagascar, to fund the joint venture through to profitability. This comes after Sherritt said at the end of last y
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    • ANALYSIS | 27 Apr 16:59
    • US lead output rises in January
    • Houston, 27 April (Argus) — US lead mines produced 3.2pc more lead in concentrate in January than a year earlier, while output of lead from secondary refineries rose by 3.8pc over the same period. Production of mined lead totaled 29,100t in January, compared with 28,200t a year earlier,
    • Read more
    • NEWS | 27 Apr 16:56
    • Canada's aluminum output rises in March
    • Houston, 27 April (Argus) — Canada's rate of primary aluminum output increased by 14pc in March from a year earlier, as the pace of production trended upward for a tenth successive month. Canadian smelters produced aluminum at a rate of 3.2mn metric tonnes per year in March, up from a r
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    • NEWS | 27 Apr 16:35
    • Outokumpu forecasts price rise, demand drop in US
    • Houston, 27 April (Argus) — Finland-based stainless steel producer Outokumpu expects that North American base prices are "turning the corner" after bottoming out in early 2016, while it expects demand to fall in 2016 before recovering in 2017. The company's deliveries of stainless stee
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    • NEWS | 27 Apr 16:21
    • Outokumpu reduces loss as Europe demand improves
    • London, 27 April (Argus) — Finish stainless steel producer Outukumpu reduced its first quarter 2016 loss to €41mn, down from a loss of €45mn in the same period in 2015. The main area of weakness remains North and South America where low prices are offsetting the effects of rising demand.
    • Read more
    • NEWS | 27 Apr 16:11
    • Superior Industries aluminum wheel shipments up
    • Houston, 27 April (Argus) — Michigan-based aluminum wheel manufacturer Superior Industries increased its shipments by 25pc in the first quarter compared to a year earlier. The company shipped 3.2mn wheel units in the first quarter, up from 2.5mn units a year earlier. Superior's Chihuah
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    • ANALYSIS | 27 Apr 16:07
    • Global primary nickel forecast to swing to deficit
    • Houston, 27 April (Argus) — The global primary nickel market is forecast to swing into a deficit this year from a surplus last year, as estimated usage may exceed primary production by about 50,000t, according to the International Nickel Study Group. Primary nickel usage is forecast to
    • Read more
    • NEWS | 27 Apr 16:02
    • Horsehead Holding named in class action suit
    • Houston, 27 April (Argus) — US zinc producer Horsehead Holdings allegedly misstated the "extent and seriousness" of purported construction, engineering and operational defects at a new North Carolina zinc production facility, according to a class action suit filed in Delaware. The compl
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    • NEWS | 27 Apr 15:58
    • Universal Stainless first quarter shipments fall
    • New York, 27 April (Argus) — Pennsylvania-based specialty steel manufacturer Universal Stainless shipped 25.5pc less volume in the first quarter of this year amid a drop in stainless and high-strength low alloy steel sales from a year earlier. Universal shipped 7,571t of material in the
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    • NEWS | 27 Apr 15:40
    • Nyrstar indium restart delayed to October
    • London, 27 April (Argus) — Belgian zinc and minor metals producer Nyrstar plans to resume indium production in October at its Auby plant in France. The plant is undergoing an expansion to increase indium capacity from 45 t/yr to around 70 t/yr, although in the short term, planned cement
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    • NEWS | 27 Apr 14:37
    • Zimasco restarts HC FeCr production
    • London, 27 April (Argus) — Zimbabwe's biggest integrated ferro-chrome producer Zimasco has restarted production after shutting operations in December last year. Zimasco then moved to restart production after signing a five-year offtake deal with South African trading company Portnex Inte
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    • NEWS | 27 Apr 14:30
    • Platina seeks scandium offtake agreement
    • Perth, 27 April (Argus) — Australia-based minerals developer Platina Resources is seeking to land an offtake agreement for around 30 t/yr of scandium oxide as it continues to advance its Owendale scandium and platinum project in New South Wales. The project has an indicated and inferred
    • Read more
    • NEWS | 27 Apr 14:23
    • US Steel expects improving market after 1Q drop
    • Houston, 27 April (Argus) — Pittsburgh-based US Steel's shipments fell by 12.4pc in the first quarter of 2016 from a year earlier, but the company expects to benefit from "improving market conditions" stemming from recent trade case rulings and increased flat rolled prices. The Pittsbu
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    • NEWS | 27 Apr 14:21
    • Nyrstar expects mining sale decision within months
    • London, 27 April (Argus) — Belgian zinc producer Nyrstar expects to announce the sale of all or part of its mining division in the coming months as several companies are currently conducting detailed due diligence, including site visits. The company put up its mining division on sale la
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    • NEWS | 27 Apr 14:17
    • US aluminum scrap purchases drop in January
    • Houston, 27 April (Argus) — The US aluminum industry is estimated to have bought 9pc less scrap in January, from a year earlier. US purchases of aluminum scrap fell to 746mn lbs in January, down from 822mn lbs a year earlier, according to a report released this week by the Aluminum Asso
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    • NEWS | 27 Apr 14:10
    • Antofagasta Cu output rises, Mo falls in Q1
    • London, 27 April (Argus) — Copper output at Chilean producer Antofagasta rose 7.3pc in the first quarter against the same period last year, while output of by-products molybdenum and gold fell by 19pc and 1.2pc respectively. Antofagasta's operations produced 157,100t in the first quarte
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    • NEWS | 27 Apr 14:10
    • US, Canada aluminum mill orders up in March
    • Houston, 27 April (Argus) — US orders of aluminum mill products were up by 2.5pc in March from the same month a year earlier driven by increases in flat-rolled products. Measured on an index prepared by the Aluminum Association, flat-rolled orders grew to 114.8 in March from 108.6 a yea
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    • NEWS | 27 Apr 13:48
    • China's crude steel output accelerates
    • Singapore, 27 April (Argus) — China's daily output of crude steel rose sharply in the first 10 days of April, indicating a continued expansion in production from a high base in March. Steel mills produced 2.26mn t crude steel during 1-10 April, up by 6.55pc from output for 21-31 March,
    • Read more
    • NEWS | 27 Apr 12:01
    • Hot Chili ups Cu/Au resource in Chile
    • Perth, 27 April (Argus) — Australia-based copper and gold explorer Hot Chili has expanded the mineral resource at its Productora prospect in Chile to 1.47m t of contained copper and 980,000 ounces of contained gold. The company said a pre-feasibility study confirms the initial potential
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    • NEWS | 27 Apr 11:37
    • China's Jinpu Titanium posts higher 2015 profits
    • Beijing, 27 April (Argus) — Leading Chinese titanium dioxide producer Shenzhen-listed Jilin Jinpu Titanium Industry, posted a profit of Yn120mn ($18mn) in 2015, up by 214pc year on year, on rising prices for its products. The company's overall operating revenues totalled Yn700bn last y
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    • NEWS | 27 Apr 11:22
    • Chinese Nd and Pr exports rise in March
    • Beijing, 27 April (Argus) — Chinese exports of rare earth elements neodymium and praseodymium increased in March compared with a year earlier as a result of reduced exports in March 2015 following an announcement that export tariffs would be cancelled on 2 May 2015, creating an incentive
    • Read more
    • NEWS | 27 Apr 10:21
    • Bharat wins Boeing supply contract for Ti forgings
    • Mumbai, 27 April (Argus) — Indian metal forging company Mumbai-listed Bharat Forge has received a contract for titanium forging for the Boeing 777X. Bharat Forge, a unit of Indian privately-held industrial group Kalyani Group, will develop and manufacture the titanium forging for US avi
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    • NEWS | 27 Apr 09:58
    • China Mg alloy maker Yunhai's profits up sharply
    • Beijing, 27 April (Argus) — Shenzhen-listed Nanjing Yunhai Special Metals, China's leading magnesium alloy producer, reported a surge in profits to Yn20.6mn ($3.2mn) in the first quarter of 2016, up by 458pc from a year earlier. Margins rose steeply on higher sales and falling production
    • Read more
    • NEWS | 27 Apr 09:35
    • China RE magnet producer ZKSH posts 1Q profit rise
    • Beijing, 27 April (Argus) — Chinese rare earth permanent magnet producer Shenzhen-listed Beijing Zhongke Sanhuan Hi-tech (ZKSH) posted a small increase in profit alongside a dip in operating revenue for the first quarter of 2016, on rising demand and falling rare earth prices. The compa
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    • NEWS | 26 Apr 22:18
    • Capstone Mining boosts copper sales
    • Houston, 26 April (Argus) — Vancouver-based Capstone Mining boosted its sales of copper by 40pc in the first quarter from the same period a year earlier, generating increased revenue in the face of declining prices. Capstone sold 27,985t of copper in the quarter, compared with 20,082t a
    • Read more
    • NEWS | 26 Apr 22:16
    • Aluminum scrap spreads widen with rising LME
    • Houston, 26 April (Argus) — Spreads for most mill-grade aluminum scrap widened this week as price increases lagged behind London Metal Exchange gains and supply increased. LME cash aluminum surged to a year-high on Monday and has remained close to that level, settling at $1,632/t (74¢/l
    • Read more
    • NEWS | 26 Apr 21:58
    • US Steel files section 337 complaint against China
    • Houston, 26 April (Argus) — Pittsburgh-based US Steel has filed a complaint with the US International Trade Commission (USITC) to begin an investigation that seeks to exclude "all unfairly traded" Chinese steel products from the US market. The complaint, filed today under section 337 o
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    • NEWS | 26 Apr 21:49
    • Teck sees constrained growth in copper output
    • Houston, 26 April (Argus) — Canada-based diversified miner Teck Resources expects constrained production growth of copper to boost market fundamentals in Europe, the US and China as its own output was little changed in the first quarter. "Global market fundamentals over the medium to lo
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    • NEWS | 26 Apr 21:45
    • Mueller's sales hold in face of copper price drop
    • Houston, 26 April (Argus) — Revenues at US-based industrial manufacturer Mueller Industries were little changed in the first quarter as higher sales volumes helped absorb a 21pc decline in copper prices. Revenues were $533mn compared with $537mn a year earlier, the Tennessee-based produ
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    • NEWS | 26 Apr 21:40
    • Ferro Corp revenues rise on metal powders boost
    • New York, 26 April (Argus) — Ohio-based performance materials manufacturer Ferro Corporation posted a 5.6pc increase in first quarter revenues as a result of acquisitions and stronger sales from pigments, powders and oxides. Revenues during the first quarter rose to $277.5mn, up from $2
    • Read more
    • NEWS | 26 Apr 19:39
    • Freeport quarterly molybdenum production falls
    • New York, 26 April (Argus) — Arizona-based copper and molybdenum miner Freeport-McMoran decreased first quarter molybdenum production by 16.7pc from a year earlier amid reduced output from the company's Henderson mine. Freeport produced 20mn lbs of molybdenum during the first quarter of
    • Read more
    • COMMENTARY | 26 Apr 19:34
    • Copper premiums steady in competitive trade
    • Houston, 26 April (Argus) — Premiums for grade A copper cathodes in-warehouse Rotterdam were unchanged in the latest week, amid steady but competitive business as cathodes remain in oversupply. Three-month month copper prices on the London Metal Exchange settled at $4,927/t ($2.24/lb) M
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    • NEWS | 26 Apr 19:24
    • ATI’s shipments halve as it refocuses operations
    • ATI's shipments halve as it refocuses operations Houston, 26 April (Argus) — US specialty metals producer Allegheny Technologies (ATI) shipped half as many flat rolled products in the first quarter of 2016 as it did in the same quarter a year earlier, but expects shipments of its specialt
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    • NEWS | 26 Apr 18:58
    • US Steel's Indiana furnace online: Update
    • (Updates status of outage) Houston, 26 April (Argus) — US Steel's No. 14 blast furnace, located at its Gary Works facility in Indiana, today came back online after it underwent an unplanned maintenance outage due to a cooling water leak. US Steel said the plant was "back online" afte
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    • NEWS | 26 Apr 18:26
    • Almonty sells Australia tungsten mine
    • Sao Paulo, 26 April (Argus) — Canada's Almonty Industries has signed a binding draft agreement to sell the Wolfram Camp tungsten mine in Queensland, Australia to ATC Alloys, which produces ferro-tungsten in Vietnam. Almonty will receive A$6mn ($4.6mn) worth of ATC shares, while ATC will
    • Read more
    • NEWS | 26 Apr 17:57
    • Major banks divided on steel market direction
    • London, 26 April (Argus) — Swiss investment bank Credit Suisse has forecast steel market growth that could last "over the next four quarters delivering a strong 2017". But US peer Goldman Sachs has predicted that higher steel prices are only down to temporary factors, suggesting that hig
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    • NEWS | 26 Apr 17:42
    • India starts cold rolled steel anti-dumping probe
    • London, 26 April (Argus) — India has launched an investigation into alleged dumping of cold rolled flat steel products by China, Japan, South Korea and Ukraine. The ministry of commerce and industry initiated an inquiry into the alleged dumping of "cold rolled/cold reduced flat steel pr
    • Read more
    • NEWS | 26 Apr 17:21
    • Freeport-McMoRan targets increased copper sales
    • Houston, 26 April (Argus) — Diversified miner Freeport-McMoRan is targeting consolidated copper sales in 2016 to rise by about 22pc from a year earlier, as the Cerro Verde project has ramped up to full capacity and the Grasberg mine in Indonesia boosts output. Freeport-McMoRan forecasts
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    • NEWS | 26 Apr 17:03
    • Grupo Simec shipments, prices fall in 1Q 2016
    • Houston, 26 April (Argus) — Mexican steelmaker Grupo Simec's shipments of finished steel products fell by 8pc in the first quarter from a year earlier as average sales price declined. Simec shipped 528,000 net tons (479,000 metric tonnes) of finished steel products in the latest quarter
    • Read more
    • NEWS | 26 Apr 16:50
    • AK Steel ships less at lower prices in 1Q 2016
    • Houston, 26 April (Argus) — US producer AK Steel's product shipments fell by 5pc in the first quarter of 2016 from a year earlier, reflecting the company's decision to reduce its "exposure to commodity spot markets." Ohio-based AK Steel shipments totaled 1.66mn net tons (1.51mn metric
    • Read more
    • NEWS | 26 Apr 16:19
    • Indonesia tin exports on the rise in April
    • London, 26 April (Argus) — The volume of tin exported from Indonesia in April is rising again after a sharp decline in March when exports fell 61pc on the year. So far this month 984 lots of tin have been traded on the Indonesia Commodity and Derivatives Exchange (ICDX), or a total of 4
    • Read more
    • COMMENTARY | 26 Apr 16:15
    • LME minors: Markets up in line with physicals
    • London, 26 April (Argus) — London Metal Exchange (LME) cobalt and molybdenum have made small gains this week in line with the physical market, and should extend that trend amid low key trading activity in both areas. LME cash cobalt settled higher at $23,000/23,500/t, from $22,500/23,00
    • Read more
    • NEWS | 26 Apr 15:42
    • US Steel faces outage at Gary Works facility
    • Houston, 26 April (Argus) — Production issues at US Steel's No. 14 blast furnace, located at its Gary Works facility in Indiana, are expected to have minimal impact on steel production. Market sources say that the 3.5mn nt capacity furnace has experienced unplanned production issues sin
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    • NEWS | 26 Apr 14:17
    • India's Sail to complete steel expansion this year
    • Singapore, 26 April (Argus) — State-controlled Steel Authority of India (Sail) aims to complete a project this year to expand its steel production capacity by more than 50pc. Sail will increase capacity to 21.4mn t/yr by end-December from 13.9mn t/yr as of March last year. The six-year,
    • Read more
    • NEWS | 26 Apr 13:36
    • Teck gets $84/t coking coal price as profits rise
    • London, 26 April (Argus) — The largest coking coal producer in North America, Toronto-listed Canadian mining firm Teck Resources projects coking coal sales of over 6.5mn t in April-June and said today that most of its steelmaking customers have agreed to pay prices based on a quarterly b
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    • NEWS | 26 Apr 12:32
    • Implats ups PGM, Ni output
    • Perth, 26 April (Argus) — South Africa and Zimbabwe focused platinum group metals firm Impala Platinum (Implats) increased its output of refined platinum, palladium, rhodium and nickel in the March quarter. The company said its platinum output rose 17pc to 353,000 ounces from the previo
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    • NEWS | 26 Apr 12:26
    • Latin American steel consumption continues to fall
    • London, 26 April (Argus) — Finished steel consumption in Latin America has continued to decline, as recession and political instability in Brazil has weighed heavily on steel-consuming sectors. The region's finished steel consumption in January-February fell by 16pc from a year earlier
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    • NEWS | 26 Apr 12:23
    • Zimplats ups PGM, Cu, Ni output
    • Perth, 26 April (Argus) — Australia-listed platinum producer Zimbabwe Platinum Mines (Zimplats) increased its output of platinum group metals, copper and nickel in the March quarter. The company produced 136,499 ounces of platinum, palladium, rhodium and gold in the quarter, up 6pc from
    • Read more
    • NEWS | 26 Apr 12:13
    • White Rock acquires Atlas Resources
    • London, 26 April (Argus) — Australian base and precious metals explorer White Rock Minerals has completed the acquisition of Atlas Resources, giving it an option to fully control the Red Mountain polymetalic volcanogenic massive sulphide (VMS) project in central Alaska. Red Mountain is
    • Read more
    • NEWS | 26 Apr 12:05
    • Newmont ups copper output in March quarter
    • Perth, 26 April (Argus) — Melbourne-based precious metals and copper miner Newmont Mining sharply increased its copper output to 22,934t in the March quarter from 17,581t in the December quarter and 21,337t in the September quarter, taking its nine-month output to 61,842t. The company s
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    • NEWS | 26 Apr 11:22
    • China’s Tianqi plans to hike Li hydroxide output
    • China's Tianqi plans to hike Li hydroxide output Beijing, 26 April (Argus) — Shenzhen-listed Tianqi Lithium, the largest lithium salts producer in China, aims to expand its lithium hydroxide production from the current 5,000 t/yr to 25,000 t/yr. Tianqi has started a feasibility study fo
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    • NEWS | 26 Apr 09:54
    • Indian chrome ore production rises in February
    • Mumbai, 26 April (Argus) — Indian chrome ore production totalled 350,000t in February, up from 313,000t in January and from 241,000t a year earlier. In contrast, manganese ore production fell in February to 171,000t, from 194,000t in January but was unchanged on February 2015. Iron ore
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    • NEWS | 26 Apr 09:31
    • Henan Billions hikes zirconium oxychloride output
    • Beijing, 26 April (Argus) — Chinese Shenzhen-listed Henan Billions Chemicals will increase output of zirconium oxychloride output this month for the peak season of April-October. It has a zirconium oxychloride production capacity of 18,000 t/yr and produced 800t in March and will produ
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    • NEWS | 26 Apr 09:09
    • China's Pangang expects higher profits in 1Q
    • Beijing, 26 April (Argus) — China's Shenzhen-listed Pangang Group Vanadium and Titanium Resources has guided for profit of Yn30mn-50mm ($4.6mn-7.7mn) in the first quarter of 2016, a rise of 110-115pc compared with a year earlier. The massive projected increase is largely attributable t
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    • NEWS | 26 Apr 08:48
    • Overview of China’s titanium production in 2015
    • Overview of China's titanium production in 2015 Beijing, 26 April (Argus) — China's operating capacity for titanium sponge fell to 88,000t in 2015, down by just over 41pc compared with 150,000t in 2014. China's annual operating capacity for titanium mill products increased to 135,000t,
    • Read more
    • NEWS | 25 Apr 22:54
    • US finished steel imports fall in first quarter
    • Houston, 25 April (Argus) — US imports of finished steel for the first three months of 2016 dropped by 33.6pc from the same year period a year earlier, led by a decrease in shipments from South Korea, Japan and Brazil. The US imported 6.42mn net tons(5.8mn metric tonnes) of finished ste
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    • NEWS | 25 Apr 21:42
    • Joy Global to sell Texas steel mill
    • Houston, 25 April (Argus) — Mining equipment manufacturer Joy Global is negotiating a potential sale of its steel mill in Longview, Texas, the company told Argus today. "Joy Global confirms it is negotiating toward a potential sale of its steel mill in Longview, Texas," the company to
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    • NEWS | 25 Apr 21:16
    • Rogue Resources confirms suitability of silica
    • New York, 25 April (Argus) — Canadian mine developer Rogue Resources has concluded metallurgical testing and confirmed that silica at its Silicon Ridge project can be used to selectively produce ferro-silicon and other materials. Tests performed by engineering service provider Anzaplan
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    • NEWS | 25 Apr 20:54
    • Ball, Rexam divest 22 facilities for merger
    • Houston, 25 April (Argus) — Colorado-based packaging manufacturer Ball and British competitor Rexam have both agreed to divest themselves of $3.42bn in assets, support locations and functions in Europe, Brazil and the US to satisfy regulatory requirements for their proposed merger. The
    • Read more
    • NEWS | 25 Apr 19:34
    • US raw steel output dips on midwest weakness
    • Houston, 25 April (Argus) — US raw steel output fell by 0.5pc in the week ended 23 April from a week earlier, led by decreases in production in the Great Lakes region and midwest. Output fell to 1.68mn net tons (1.52mn metric tonnes) from 1.69mn nt in the prior week, while capacity util
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    • NEWS | 25 Apr 18:20
    • Corpus Christi Alumina submits bid for Sherwin
    • Houston, 25 April (Argus) — Corpus Christi Alumina has submitted a $54.5mn bid for Texas-based refiner Sherwin Alumina in a court-supervised auction. The bid includes $4.5mn in cash consideration and was received by a Texas court late last week. Sherwin filed for Chapter 11 bankruptcy
    • Read more
    • COMMENTARY | 25 Apr 18:16
    • US FeCr: Supply outpaces stainless demand
    • New York, 25 April (Argus) — US ferro-chrome prices declined this week amid thin trading and minimal near-term demand from stainless steel mills. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices slipped to 86-89¢/lb from 87-90¢ a week earlier. Prices have fallen for two successive w
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    • NEWS | 25 Apr 18:14
    • Ferrous prices tracking futures: Morgan Stanley
    • London, 25 April (Argus) — The recent surge in steel and iron ore trading in the futures market is lending support to physical prices, according to US bank Morgan Stanley. Trading volumes on the Shanghai Futures Exchange for rebar and the Dalian Commodity Exchange increased sharply in t
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    • COMMENTARY | 25 Apr 17:54
    • Turkish Scrap: Suppliers hold back after US sale
    • London, 25 April (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment moved up $16.40/t to $308.70/t today on the back of two deep-sea deals concluded on 22 April. A US supplier sold 15,000t of HMS 1/2 80:20 at $312.50/t, 18,000t of shred at $317.50/t and 7,000t of
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    • NEWS | 25 Apr 17:26
    • Argentina’s steel production shows no recovery
    • Argentina's steel production shows no recovery London, 25 April (Argus) — Argentina produced 986,000t of crude steel in the first quarter of 2016, down by 17.3pc year on year and its steel industry shows no signs of recovering in the short-term because of weak domestic and export demand,
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    • NEWS | 25 Apr 17:07
    • US stainless steel producers raise May surcharges
    • Houston, 25 April (Argus) — US stainless steel producers have increased nickel-based surcharges for May shipments to reflect strengthening molybdenum and ferrous prices. Producers raised surcharges on type 304 and type 316 stainless steel for a second successive month, firmly reversing
    • Read more
    • COMMENTARY | 25 Apr 16:57
    • European aluminium alloys begin upward push
    • Houston, 25 April (Argus) — European secondary aluminium alloy trading bifurcated this past week as prices on some alloys increased while others stayed unchanged amid rising terminal markets. Three-month official aluminium prices on the London Metal Exchange closed today at $1,641/t, up
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    • NEWS | 25 Apr 16:43
    • Brazil's Usiminas steel output drops by a third
    • London, 25 April (Argus) — Brazilian steelmaker and mining firm Usiminas' production and sales volumes slumped in the first quarter of 2016 as the country's ongoing economic recession continues to erode local demand, with crude steel output down by 42.4pc from a year earlier at 794,000t
    • Read more
    • NEWS | 25 Apr 15:44
    • US Mo: Fewer active mines limit January output
    • New York, 25 April (Argus) — US molybdenum concentrate output during January fell by 45.8pc as active molybdenum byproduct copper mines fell by 50pc from a year earlier to only four mines. Molybdenum production declined to 2,560t in January from 4,720t in 2015, according to data from th
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    • NEWS | 25 Apr 15:34
    • Macquarie sees coking coal rally fading after June
    • London, 25 April (Argus) — The recent upward trend for coking coal prices will fizzle out as the market moves into a more balanced supply situation in the second half of this year, Australian investment bank Macquarie has forecast. The bank said that although strong demand from Chinese
    • Read more
    • NEWS | 25 Apr 15:26
    • Sandvik 1Q profit increase bucks 'tough' market
    • Sao Paulo, 25 April (Argus) — Swedish machinery and tool maker Sandvik has said it has seen strong growth in business in Europe, supported by large orders, contrasting with 'significant' declines in North America and Asia. Against this background the company posted a more than two-fold
    • Read more
    • NEWS | 25 Apr 11:58
    • Eramet reports fall in 1Q 2016 Mn ore sales
    • London, 25 April (Argus) — French mining and metals company Eramet Group said its manganese ore sales fell 10pc in the first quarter of 2016 because of a fall in market prices. The company said manganese ore sales reached €297mn ($334mn) in the first quarter of this year, from €329mn in
    • Read more
    • NEWS | 25 Apr 11:56
    • Indian Cr ore exports rise after removal of duty
    • Mumbai, 25 April (Argus) — Indian state-owned trading company MMTC has increased the number of chrome ore export tenders after the removal of export duty on 31 March. MMTC offered 15,000t and 4,000t of chrome ore for export to be delivered before 30 April last month. On 4 April, 43,000t
    • Read more
    • NEWS | 25 Apr 11:48
    • Chinese rare earth exports rise in March
    • Beijing, 25 April (Argus) — China exported 4,343t of rare earths in March, a rise of 114pc from 2,029t a year earlier. Export revenue totally Yn205.2mn ($32mn) in March, a rise of 59pc year on year, although the average export price was down by 26pc year on year to Yn47,239/t as price
    • Read more
    • NEWS | 25 Apr 11:27
    • India investigates unwrought aluminium imports
    • Mumbai, 25 April (Argus) — India has initiated a safeguard investigation into imports of unwrought aluminium. India's Directorate General of Safeguards said that despite improvements in domestic productivity, increased imports of unwrought aluminium have caused losses to the domestic in
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    • NEWS | 25 Apr 10:49
    • Nyrstar terminates marketing deal with Noble
    • London, 25 April (Argus) — Belgian zinc and minor metals producer Nyrstar said it has terminated its zinc marketing agreement with commodity trading company Noble Group. The marketing deal was one of the biggest zinc contracts in the industry and included marketing and selling 200,000 t
    • Read more
    • NEWS | 25 Apr 10:30
    • Xiamen to up Li battery cathode material output
    • Beijing, 25 April (Argus) — Chinese state-owned Xiamen Tungsten plans to raise production of cathode material for lithium batteries to 15,000 t/yr by the end of this year from the current 10,500 t/yr. Xiamen Tungsten is a leading producer of cathode materials for lithium batteries, incl
    • Read more
    • NEWS | 25 Apr 10:01
    • China's Hefei Guoxuan to make ternary Li batteries
    • Beijing, 25 April (Argus) — China's Hefei Guoxuan High-tech Power Energy, which is based in the eastern province of Anhui, plans to start producing ternary lithium batteries in the third quarter of this year. Guoxuan High-tech currently produces lithium iron phosphate batteries and is
    • Read more
    • NEWS | 25 Apr 09:34
    • Shanxi Fe-Mn producer to cut output in May
    • Beijing, 25 April (Argus) — China's largest high-carbon ferro-manganese alloy producer Shanxi Dongfang Resource Development plans to halt furnace 2 for maintenance next month, amid high imported ore prices and falling alloy prices. Maintenance work on 300m³ blast furnace number 2 will r
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    • ANALYSIS | 22 Apr 23:12
    • US prime scrap poised to outpace shredded in May
    • Houston, 22 April (Argus) — An overnight increase of $20/t in US bulk export prices to Turkey which takes April gains to $72/t has many market participants believing that rising export prices will drive domestic prices higher in May. Demand from US mills in May is expected to be similar
    • Read more
    • ANALYSIS | 22 Apr 22:56
    • This Week in Metals: 18-22 April
    • Houston, 22 April (Argus) — Prices of base metals moved higher this week as crude and equities rallied amid diminishing concerns of a global economic slowdown and signs that China is maneuvering to avoid a hard landing. While short-term supply adjustments have helped spur the rallies in
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    • COMMENTARY | 22 Apr 21:31
    • US Mn: Markets flat as eased supply offsets demand
    • New York, 22 April (Argus) — Prices for US high-carbon ferro-manganese held this week as thin trading offset ongoing supply tightness. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices held at $800-840/gt this week as domestic steel mills limited inquires. Prices have risen during s
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    • NEWS | 22 Apr 20:48
    • Caterpillar first quarter sales fall, cuts outlook
    • New York, 22 April (Argus) — Illinois-based mining and earthmoving equipment manufacturer Caterpillar posted a 25.5pc decline in first quarter revenues as a result of unfavorable sales volumes and projects an additional 2pc decline in 2016 revenues. Caterpillar's sales fell to $9.46bn d
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    • COMMENTARY | 22 Apr 20:04
    • US export aluminum scrap rises on LME gains
    • Houston, 22 April (Argus) — Prices of most US aluminum scrap for export rose this week amid scant supply and a 6.3pc gain in London Metal Exchange aluminum. The prices of zorba, 94pc metallic with 3-4pc red metal content, rose to 63-65¢/lb cif China from 61-63¢/lb a week earlier. Scra
    • Read more
    • COMMENTARY | 22 Apr 19:40
    • Oil futures: Crude up on end to oversupply
    • Houston, 22 April (Argus) — Crude prices rose today, gaining for the third straight week, on the prospect of the global supply overhang getting wiped out by the end of this year. Nymex June light, sweet crude futures settled up by 55¢/bl at $43.73/bl, touching a new 2016 high. Ice June
    • Read more
    • COMMENTARY | 22 Apr 19:24
    • Aluminum alloys flat, LME price effects loom
    • Houston, 22 April (Argus) — Secondary aluminum alloy prices were mostly unchanged this week as rising London Metal Exchange (LME) aluminum created uncertainty about future scrap costs. A380.1 remained at 86-87.5¢/lb while A413.1 and A360.1 stayed flat at 90-92¢/lb this week. Prices for
    • Read more
    • NEWS | 22 Apr 19:18
    • Nickel price likely to rebound: Bank of America
    • New York, 22 April (Argus) — Global nickel prices will continue to bottom out and begin a recovery in the second half of 2016 amid cuts to mine output and rebounding stainless production, US-based Bank of America said in a forecast. Depending on the extent of mine closures, the fourth q
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    • ANALYSIS | 22 Apr 19:12
    • Goldman Sachs forecasts nonferrous weakness
    • Houston, 22 April (Argus) — Prices of base metals are forecast to decline for the next 12 months from their recent rally as a likely Federal Reserve rate hike by July may boost the dollar and supply surpluses remain for copper, nickel and most metals, Goldman Sachs said. While sentiment
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    • NEWS | 22 Apr 19:01
    • WEEK IN REVIEW: Steel concerns on China
    • London, 22 April (Argus) — London Metal Exchange (LME) high volume metals copper and aluminium moved higher on increased oil prices and a lower dollar initially this week. But gathering pessimism over steel led the European steel association Eurofer to warn that global overcapacity and e
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    • COMMENTARY | 22 Apr 18:59
    • Turkish scrap: Prices rise to 15-month high
    • Houston, 22 April (Argus) — US bulk export prices for ferrous scrap to Turkey increased by $37/t this week after a late week sale took prices to a 15-month high. A US exporter booked a cargo at $312.50/t for 15,000t of HMS 1 2 (80:20), $317.50/t for 18,000t shred and $322.50/t for 7,000
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    • NEWS | 22 Apr 17:43
    • Kazakhstan Si plant ramps up production
    • Kiev, 22 April (Argus) — Tau-Ken Temir silicon plant in central Kazakhstan is ramping up to full capacity and looking expand after recommissioning its second furnace in September last year. The company expects to produce 22,000t of commercially pure silicon this year, after raising its
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    • NEWS | 22 Apr 17:30
    • Falling metals volume has little effect on rates
    • Washington, 22 April (Argus) — Railroads are under pressure from Wall Street to keep shipping rates for metals unchanged, even as volumes are expected to remain sluggish. Metals shipments fell by nearly 30pc between 2014 and 2015, roughly tracking the decline in coal volumes, Iron Horse
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    • NEWS | 22 Apr 17:27
    • Ukrainian FeNi plant cuts costs
    • Kiev, 22 April (Argus) — Pobugsky Ferro-nickel Plant in Ukraine has achieved a 50pc reduction in cost and improved nickel in ferro-nickel recovery by switching a furnace to different feedstock, the Ukrainian Ferroalloy Producers Association's science and technology conference in Nikopol
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    • ANALYSIS | 22 Apr 17:22
    • Ukrainian ferro-alloy plants see demand pick up
    • Kiev, 22 April (Argus) — Despite challenging market conditions for ferro-alloys, Ukraine's largest producer Nikopol Ferroalloy Plant is seeing an increase in demand and is raising output to meet it. From May it will be producing at a rate of 65,000-70,000t/month of manganese alloys, the
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    • NEWS | 22 Apr 17:11
    • Bushveld agrees to buy Vametco vanadium business
    • Sao Paulo, 22 April (Argus) — Africa focussed mining project developer Bushveld Minerals has agreed to acquire Evraz's 78.8pc stake in holding company Strategic Minerals, which owns the producing Vametco vanadium mine and plant in South Africa for an undisclosed cash sum. Should the ac
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    • NEWS | 22 Apr 17:10
    • USW suspends section 201 aluminum petition
    • Houston, 22 April (Argus) — The United Steelworkers has suspended a Section 201 petition it filed earlier this week intended to stem the flow of low-priced aluminum imports into the US. The petition was halted because "many in the industry refused to support the case," the union said in
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    • NEWS | 22 Apr 17:00
    • Titanium faces 40,000t surplus
    • Paris, 22 April (Argus) — The global market for crude titanium metal is facing a surplus of 40,000t this year, equivalent to 30pc of world production outside China, delegates at the International Titanium Association's Titanium Europe 2016 conference in Paris heard. Industry veteran Syl
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    • NEWS | 22 Apr 16:55
    • Ukrainian steel returns to profit - UkrMet
    • Kiev, 22 April (Argus) — The Ukrainian steel industry ended 2015 in the black, with 11.9pc profitability, delegates at the Ukrainian Ferroalloy Producers Association's conference in Nikopol heard. The industry weathered challenges including competition from China, armed conflict in east
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    • NEWS | 22 Apr 15:37
    • SSAB expects steady North American demand
    • Houston, 22 April (Argus) — SSAB Americas expects demand for heavy plate to remain steady into the next quarter as shipments in the first quarter of 2016 returned to levels seen during the same quarter a year earlier. The Sweden-based company's steel shipments at its Americas segment d
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    • NEWS | 22 Apr 15:11
    • US finds injury from Korean copper imports
    • Houston, 22 April (Argus) — The US International Trade Commission (USITC) found reasonable indication that US industry is materially injured by imports of phosphor copper from South Korea that is allegedly sold at less than fair value. As a result of the panel's finding, the Commerce De
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    • NEWS | 22 Apr 14:38
    • UK tungsten miner secures $40mn funding boost
    • Sao Paulo, 22 April (Argus) — Australia's Wolf Minerals has secured funds of up to £25mn ($40mn) under an equity financing deal to shore up the company's finances as it ramps up production at the Drakelands tungsten mine in Devon, southwest England. Funding comes from Resource Capital F
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    • COMMENTARY | 22 Apr 14:13
    • LME nickel, zinc, lead and tin make gains
    • London, 22 April (Argus) — London Metal Exchange (LME) nickel, zinc, lead and tin prices were higher this week, mostly on speculative buying. Three-month LME nickel futures traded at $9, 9,105/up from $8,920/t a week ago, while volumes rose to above 14,000t. Most of the trade was fund
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    • COMMENTARY | 22 Apr 14:08
    • LME copper, aluminium prices rise on high volumes
    • London, 22 April (Argus) — London Metal Exchange (LME) copper and aluminium traded higher this week on the back of higher oil prices and a lower dollar earlier in the week with volumes rising to over 30,000 lots for both metals. Three-month copper futures traded at $5,008/t early Friday
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    • NEWS | 22 Apr 13:51
    • US manganese alloys import data drops in November
    • London, 22 April (Argus) — The US imported 3,190t of silico-manganese and 12,700t of ferro-manganese in November last year, data from United States Geological Survey (USGS) said. This is the latest data released by USGS on these imports. This is compared with 23,200t of silico-manganese
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    • NEWS | 22 Apr 10:34
    • HZL targets output of 1.2 mn t/yr Zinc mined metal
    • Mumbai, 22 April (Argus) — India's Hindustan Zinc (HZL), one of the world's largest zinc producers, aims to reach production of 1.2mn t/yr of mined metal within the next three years. HZL, which is controlled by London-based non-ferrous metals mining company Vedanta Resources, said its t
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    • NEWS | 22 Apr 08:55
    • China targets fast growth for solar PV energy
    • Beijing, 22 April (Argus) — Chinese government policy will support rapid development of the country's solar photovoltaic (PV) industry over the next five years. China will add 15-20GW of new PV power generation capacity under the country's 13th Five Year Plan (2016-20) and this will be
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    • NEWS | 22 Apr 08:29
    • Manganese ore stocks rise at Chinese ports
    • Beijing, 22 April (Argus) — Manganese ore stocks at China's main ports increased to 1.562mn t today, up by 3.8pc from 1.505mn t on 8 April. There are 1.25mn t of manganese ore stocks at Tianjin port, 280,000t in Qinzhou port, 11,000t in Fangcheng port, 8,000t in Beihai port, 8,000t in Z
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    • COMMENTARY | 21 Apr 21:59
    • Secondary aluminum scrap prices, flows mixed
    • Houston, 21 April (Argus) — Secondary aluminum scrap prices were mixed this week as consumers were hesitant to support a 3¢/lb jump in London Metal Exchange prices. Mixed low-copper clips and painted siding, which often trend with their mill-grade counterparts, were slow to react to LME
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    • COMMENTARY | 21 Apr 21:52
    • US ferro-alloys: Tight supply firms FeV market
    • New York, 21 April (Argus) — Ferro-vanadium and ferro-molybdenum prices continued to rise this week amid supply concerns. However, minimal demand for bulk alloys this week kept prices for manganese alloys flat and pressured the ferro-chrome market. Ferro-chrome US high carbon ferro-ch
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    • NEWS | 21 Apr 21:40
    • El Teniente copper mine starts recovery
    • Sao Paulo, 21 April (Argus) — Chile's state-owned copper and molybdenum producer Codelco has started to gradually return production to normal levels at its El Teniente mine in the centre of the country after a five-day outage due to rain storms and flooding. Workers have restored access
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    • COMMENTARY | 21 Apr 21:07
    • Stainless steel scrap rises with nickel assist
    • Houston, 21 April (Argus) — Prices of stainless steel scrap rose in Europe and India in the latest week amid steady demand and scant supply, aided by a 6pc jump in terminal nickel prices. Scrap solids in Rotterdam and Germany traded at 47-49¢/lb for 304 (18-8) compared with 44-45c/lb a
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    • NEWS | 21 Apr 20:13
    • Voestalpine begins US test runs as pellets ship
    • Houston, 21 April (Argus) — Austria-based steelmaker Voestalpine has reached the final stages in the construction of its hot briquetted iron (HBI) plant located in Texas, and will begin test runs after a 120,000t shipment of iron ore pellets from Brazil reaches its facility. "The first
    • Read more
    • COMMENTARY | 21 Apr 19:56
    • Nickel rally boosts stainless steel scrap prices
    • Houston, 21 April (Argus) — Stainless steel scrap prices rose for a third week amid firm demand and as London Metal Exchange (LME) cash nickel rose to its highest level since November. Processor buying prices for type 304 (18-8) scrap solids traded at $1,025-1,060/gt Thursday, up from $
    • Read more
    • COMMENTARY | 21 Apr 19:52
    • Oil futures: Crude down on prospect of more supply
    • Houston, 21 April (Argus) — Crude prices fell today on prospects of more supplies hitting the market as the current demand growth outlook continues to remain bleak. Nymex June light, sweet crude futures settled down by $1/bl at $43.18/bl, snapping two days of gains that saw the contrac
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    • NEWS | 21 Apr 19:36
    • Global copper output outstrips demand: ICSG
    • Houston, 21 April (Argus) — Global apparent use of copper rose by around 4.5pc in January compared to the same month a year earlier, while production of refined copper, led by gains in China and the US, rose by around 6.4pc. World refined usage rose to 1.95mn t in January from 1.86mn t
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    • NEWS | 21 Apr 19:22
    • SDI, Omnisource revise forecast on ferrous scrap
    • Houston, 21 April (Argus) — US producer Steel Dynamics' (SDI) revised its January forecast for 2016 ferrous scrap prices, as meaningful increases in capacity utilization and low obsolete scrap flows fueled two consecutive months of price gains. The company said in January that it saw l
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    • NEWS | 21 Apr 18:55
    • Reliance Steel and Aluminum shipments, profit down
    • Houston, 21 April (Argus) — Shipments of Los Angeles-based metals service center Reliance Steel and Aluminum dropped along with average selling prices during the first quarter of 2016 compared to a year earlier. Reliance said it experienced strong demand from aerospace and automotive co
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    • COMMENTARY | 21 Apr 18:14
    • CIS pig iron: prices rise on Turkish purchases
    • London, 21 April (Argus) — Prices of Russian and Ukrainian basic pig iron (BPI) have continued to climb over the past week, with new deals concluded at ever-higher prices amid the further strengthening of scrap and finished steel prices. A Ukrainian steelmaker launched a BPI tender at t
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    • NEWS | 21 Apr 18:02
    • Steelmaker Icdas completes Egypt registration
    • London, 21 April (Argus) — Turkish steelmaker Icdas has become the second Turkish mill to complete the registration process with Egypt's authorities, allowing it to export rebar to the country. Egypt at the start of this year introduced a new requirement for all potential rebar exporter
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    • NEWS | 21 Apr 17:57
    • Copper price rebound unlikely to stick: Barclays
    • Houston, 21 April (Argus) — The recent rebound in global copper prices is unlikely to hold as an estimated 1mn t of additional supply comes on line through 2017 and China's recent economic stabilization is at risk of stalling, UK-based Barclays bank said in its latest forecast. China's
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    • NEWS | 21 Apr 17:41
    • Andina mine still at 65pc after waste spill
    • Sao Paulo, 21 April (Argus) — Chile's state-owned copper and molybdenum producer Codelco has said operations at the Andina mine continue to run at 65pc as engineers look further into the causes of an escape of waste material after a recent major front battered the centre of the country.
    • Read more
    • COMMENTARY | 21 Apr 16:57
    • LME nickel prices rise despite shift to surplus
    • London, 21 April (Argus) — London Metal Exchange (LME) nickel prices rose to $9,405/t this week from $8,920/t, because of a marginally weaker dollar in currency markets and the emergence of more bullish Chinese economic data last week. Much of the trade came from participants covering s
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    • NEWS | 21 Apr 16:55
    • Iron ore hauler ASC running 11 vessels
    • Houston, 21 April (Argus) — Great Lakes iron ore hauler American Steamship (ASC) is running 11 of its 17 vessels this year, as parent company GATX expects another challenging year in a depressed metals business. ASC, which ceases operations because of ice from mid-January to mid-March,
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    • NEWS | 21 Apr 16:12
    • US court set to rule on copper fraud suit motion
    • Houston, 21 April (Argus) — A US district court in central California is set to rule on a motion to dismiss one defendant in a $45mn fraud suit filed by Dubai-based non-ferrous metals trader Eferton. Dubai-based Eferton alleges it was the victim of a fraud in late 2015 as it "was induce
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    • NEWS | 21 Apr 15:51
    • Johnson Controls progresses on Tyco merger
    • Houston, 21 April (Argus) — Diversified US technology manufacturer Johnson Controls is moving ahead with its plans to complete its planned merger with Ireland-based Tyco and to complete its spinoff of its automotive seating and interior business as an entity named Adient by October. "We
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    • NEWS | 21 Apr 15:45
    • Global pig iron output hits 10-month high
    • London, 21 April (Argus) — Global pig iron output rose to 99.3mn t in March, its highest level since May last year, underpinned by a steep jump in Chinese production, the World Steel Association said. A rise in production was seen across every region, as a global rebound in steel prices
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    • NEWS | 21 Apr 15:38
    • Nucor ships more, expects price hikes to hold
    • Houston, 21 April (Argus) — US steelmaker Nucor shipped 9pc more steel in the first quarter of 2016 compared to the same quarter a year earlier, and expects earnings in the company's second quarter to improve "significantly" as steel price gains hold. The North Carolina-based producer's
    • Read more
    • NEWS | 21 Apr 13:54
    • India's MMTC to tender 40,000t Cr ore for export
    • London, 21 April (Argus) — Indian state-owned trading company MMTC will hold a tender for the export of 40,000t of 50-48pc chrome ore concentrate on 4 May. Bids will be valid for a period of ten days. Three previous tenders were settled at $153-$157/t fob. Two tenders in late March fo
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    • NEWS | 21 Apr 12:40
    • China's MIIT seeks feedback on RE regulation
    • Beijing, 21 April (Argus) — China's ministry of industry and information technology (MIIT) is appealing for public feedback on the latest revisions to its rare earth regulatory conditions and management methods. MIIT has asked for feedback to be submitted from 21-30 April on a range of
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    • NEWS | 21 Apr 12:23
    • MMG's Las Bambas Q1 copper output 31,470t
    • London, 21 April (Argus) — Chinese state-controlled company MMG, the Hong Kong-listed arm of China's state-owned Minmetals, said its Las Bambas copper mine in Peru produced 31,470t of copper in copper concentrate in the first quarter 2016. Las Bambas has made its maiden shipment from th
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    • NEWS | 21 Apr 12:23
    • Stainless steelmaker Tisingshan ups FeCr May bid
    • Beijing, 21 April (Argus) — China's second largest stainless steel producer Tsingshan Steel has raised its tender purchase price for high-carbon ferro-chrome alloy for May delivery to Yn5,097/t ($72¢/lb) paid in cash, including delivery, up by Yn320/t from April. The price rise is the
    • Read more
    • NEWS | 21 Apr 12:15
    • China's MMG refined copper output falls
    • Beijing, 21 April (Argus) — China's Minmetals Resources (MMG) produced 38,100t of refined copper in January-March, down by 8pc year on year and by 4pc on the previous quarter. MMG's copper concentrate output totalled 35,500t in the first quarter, up by 1.24pc on the year. In contrast,
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    • NEWS | 21 Apr 10:25
    • Spain rare earths protestors plan tractor blockade
    • Sao Paulo, 21 April (Argus) — Campaign group 'Si a La Tierra Viva' (Yes to the Living Earth) has said it plans to mount a tractor blockade next month in protest at a planned rare earths project around Torre de Juan Abad and Torrenueva in Spain's central southern La Mancha region. Local
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    • NEWS | 21 Apr 09:45
    • Anglo American ups Pt, Ni, Nb output
    • Johannesburg, 21 April (Argus) — Diversified mining group Anglo American increased platinum, nickel and niobium output in the March quarter, while copper output was almost unchanged and manganese output was lower than in the first quarter of 2015. The company said in a production update
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    • NEWS | 20 Apr 23:14
    • Steel Dynamics ships more steel as prices drop
    • Houston, 20 April (Argus) — US-based Steel Dynamics shipped 16.8pc more steel to external customers at lower prices in the first quarter of 2016 compared to the same quarter a year earlier, reflecting lower customer inventory levels and a drop in steel imports. Indiana-based Steel Dynam
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    • NEWS | 20 Apr 22:46
    • Vale sets output records for copper, nickel, iron
    • Sao Paulo, 20 April (Argus) — Brazilian diversified miner Vale set production records for nickel, copper and its largest product iron ore in the first quarter. First quarter nickel production reached a record 73,500t, 6.2pc more than in the same three months a year earlier, helped by in
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    • NEWS | 20 Apr 22:34
    • Kaiser Aluminum profits rise, shipments flat
    • Houston, 20 April (Argus) — Shipments of rolled and extruded product manufacturer Kaiser Aluminum were flat in the first quarter compared to a year earlier as profits grew on lower expenses. Shipments inched up to 159mn lb in the first quarter compared to 158mn lb in the year earlier qu
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    • NEWS | 20 Apr 21:45
    • Entrée Gold passes water test for copper project
    • New York, 20 April (Argus) — Canadian mine developer Entrée Gold received an approved Waters of the US Wetlands determination from the Regulatory Division of the US Army Corp of Engineers (USACE) for the Ann Mason copper-molybdenum project. USACE determined that the project, in the west
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    • COMMENTARY | 20 Apr 21:40
    • Copper scrap spreads flat as Comex gains
    • Houston, 20 April (Argus) — No 1 bare bright copper scrap price spreads were unchanged this week amid tight supply as a jump in Comex copper provided sufficient margin to satisfy sellers. Consumer buying price spreads for No 1 bare bright were unchanged at 1¢/lb over May Comex to 1.5¢/
    • Read more
    • COMMENTARY | 20 Apr 21:32
    • Aluminum can prices rise with LME
    • Houston, 20 April (Argus) — Used aluminum beverage can (UBC) spreads remained steady this week as consumers tried to keep purchasing prices competitive amid gains in London Metal Exchange (LME) aluminum prices. UBC prices increased to 63-64¢/lb from 61.5-62.5¢/lb a week earlier, with th
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    • NEWS | 20 Apr 21:21
    • Mexico levies high duties on US steel tube imports
    • Houston, 20 April (Argus) — Mexico set antidumping of $575/t on imports of large diameter steel tube from the US and levied lower tariffs on imports of the products from Spain and India. Tariffs were set on US exports of the material, with some exceptions covered under a prior ruling, t
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    • COMMENTARY | 20 Apr 21:19
    • Small contango weighs on US aluminum premium
    • Houston, 20 April (Argus) — The midwest premium for primary aluminum remained flat this week as short-term concerns were limited on the availability of physical metal for delivery amid a narrowing contango. The premium stayed at 8-8.25¢/lb this week as London Metal Exchange cash aluminu
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    • NEWS | 20 Apr 20:09
    • US minor metals scrap imports rise in February
    • New York, 20 April (Argus) — Total US imports of scrap minor metals during February rose by 35.7pc from a year earlier, due to a surge in magnesium scrap imports. The US imported 5,207t of minor metals scrap through February, up from 3,837.5t in 2015, according to data from the Commerce
    • Read more
    • NEWS | 20 Apr 20:08
    • Brazil mines and energy minister quits
    • Rio de Janeiro, 20 April (Argus) — Brazilian mines and energy minister Eduardo Braga has left his post in the crumbling cabinet of president Dilma Rousseff, who is in the throes of a spiraling impeachment campaign. Braga´s substitute has yet to be named. A senator from the northern st
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    • NEWS | 20 Apr 19:50
    • US minor metals scrap exports surge
    • New York, 20 April (Argus) — US exports of minor metal scrap during February increased by 102.6pc, boosted by higher manganese and bismuth shipments. The US exported 2,939.7t of minor metal scrap during February, up from 1,451.1t a year earlier, according to data from the Commerce Depar
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    • COMMENTARY | 20 Apr 19:46
    • Copper cathode premiums inch up on tight supply
    • Houston, 20 April (Argus) — US copper cathode premiums edged higher this week amid lack of available supply. Cathode grade A premiums were at 5.75-6.75¢/lb delivered midwest consumer, up from 5.75-6.25¢/lb a week earlier. The market was last at this premium level in early September.
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    • COMMENTARY | 20 Apr 19:37
    • Oil futures: Crude at 2016 highs, Brent tops $45
    • Houston, 20 April (Argus) — Oil prices touched new 2016 highs, with Brent closing above $45/bl, on a smaller-than-expected US crude inventory build and a steep drop in distillate stockpiles. Nymex May light, sweet crude futures rose by $1.55/bl to $42.63/bl, gaining for a second straigh
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    • NEWS | 20 Apr 18:24
    • US aluminum jobs grow despite primary cutbacks
    • Houston, 20 April (Argus) — The total number of jobs directly created by the US aluminum industry has grown by 3pc between 2013 and 2016 despite shrinking domestic primary smelting capacity. The industry has added more than of 4,000 direct jobs since 2013, bringing the current total to
    • Read more
    • COMMENTARY | 20 Apr 18:17
    • Aluminium premiums fall in slow Europe trade
    • Houston, 20 April (Argus) — Premiums for aluminium traded in Europe fell in the latest week as market participants said business continues to slow. The premium on P1020 duty paid aluminium fell to $125-140t, from $135-155/t a week earlier. The premium on duty unpaid aluminium fell to $
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    • NEWS | 20 Apr 18:01
    • Wacker opens Tennessee polysilicon plant
    • New York, 20 April (Argus) — German speciality chemicals maker Wacker Chemie has officially opened its polysilicon plant in Charleston, Tennessee. The Munich-based company said the $2.5bn plant started initial production in December and has so far produced 1,000t of polysilicon. It will
    • Read more
    • NEWS | 20 Apr 17:45
    • World stainless steel output eases in 2015
    • London, 20 April (Argus) — World stainless steel melt shop production was 41.55mn t in total in 2015, a 0.3pc fall on 41.69mn t in 2014, said new data from the International Stainless Steel Forum (ISSF). Total steel production in 2015 is up 8pc on 2013, the data showed. Production decre
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    • NEWS | 20 Apr 17:39
    • First quarter global steel output ebbs slightly
    • London, 20 April (Argus) — World crude steel production fell only slightly in March, declining by 0.5pc year on year to 137mn t, figures released today by the World Steel Association (WSA) show. Global crude steel output for the first three months of 2016 was 385.7mn t, 3.6pc lower than
    • Read more
    • NEWS | 20 Apr 17:31
    • Colombia names new mines and energy minister
    • Bogota, 20 April (Argus) — Colombian president Juan Manuel Santos named economist Germán Arce Zapata as mines and energy minister, replacing interim minister María Lorena Gutiérrez. Gutiérrez had been acting as energy minister since Tomás González resigned in early March amid an electri
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    • NEWS | 20 Apr 17:20
    • TMK Ipsco ships less, forecasts weak 2016 demand
    • Houston, 20 April (Argus) — Steel pipe maker TMK Ipsco, the North American division of Russia's TMK group, shipped 72.5pc less steel in the first quarter of 2016 compared to the same quarter a year earlier, and does not expect demand in the North American pipe market to recover in 2016.
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    • NEWS | 20 Apr 17:17
    • Scrap freight rates from Europe jump
    • London, 20 April (Argus) — Freight rates for scrap cargoes on Supramax vessels from European ports heading to Turkey have risen sharply, as a high number of scrap deals from northern European sellers for prompt shipments helped boost rates. Freight rates for scrap cargoes of 30,000t on
    • Read more
    • ANALYSIS | 20 Apr 15:59
    • US Alcoa spotlights challenges for Ti in defence
    • Paris, 20 April (Argus) — Demand for titanium in structures for newer military aircraft has risen, but the industry needs to stay ahead of the competition to avoid losing market share, delegates heard at industry association ITA's Titanium Europe 2016 conference in Paris this week. The
    • Read more
    • NEWS | 20 Apr 15:58
    • Industrial titanium demand weakens
    • Paris, 20 April (Argus) — Industrial titanium demand has become more bearish after demand dropped from 25,000t in 2014 to 23,000t last year, said Albert Bruneau of French high performance heat exchanger tube manufacturer Vallourec. Speaking at the International Titanium Association's an
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    • NEWS | 20 Apr 15:56
    • Russian TMK's steel pipe sales drop
    • Moscow, 20 April (Argus) — Russian steel pipe producer TMK's first-quarter sales fell by nearly 10pc from the previous quarter, to 845,000t, and by over 15pc year on year, largely because of slowing US sales. TMK expects the domestic pipe market to remain stable in April-June, supported
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    • NEWS | 20 Apr 15:39
    • US lead exports fall, imports rise
    • Houston, 20 April (Argus) — US exports of used lead batteries and other lead scrap fell by 19pc while imports rose by 56pc in February from a year earlier. Exports of used lead batteries fell by 59pc to 928.5t in February from 2,238t a year earlier. Exports of other lead scrap rose by 3
    • Read more
    • NEWS | 20 Apr 15:07
    • Evraz’s steel production falls in North America
    • Evraz's steel production falls in North America Houston, 20 April (Argus) — Russia-based Evraz group's North America segment produced 14.2pc less crude steel in the first quarter of 2016 than the same quarter a year earlier, reflecting weaker demand for tubular products and a planned faci
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    • NEWS | 20 Apr 15:02
    • Titanium demand in jet engines rises
    • Paris, 20 April (Argus) — Titanium demand in aircraft engines is recovering fast from a dip last year as new engine programmes ramp up, Henry Seiner, vice president business development at Timet told the International Titanium Association's Titanium Europe 2016 conference. After dipping
    • Read more
    • NEWS | 20 Apr 14:55
    • Global lead usage drops faster than output
    • Houston, 20 April (Argus) — Global lead metal production fell by 6.3pc in the first two months of 2016 from a year earlier, while lead metal usage declined by 8.2pc. Lead metal output declined to 1.61mn t in January-February from 1.71mn t in the same year earlier period, the Internation
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    • NEWS | 20 Apr 14:52
    • Posco to build steel wire rod facility in Indiana
    • Houston, 20 April (Argus) — South Korean steelmaker Posco plans to build a wire rod processing center at the Ohio river port of Indiana, in Indiana state, giving it the ability to ship steel into the midwest region by water. Posco said it will begin construction of the facility, located
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    • NEWS | 20 Apr 14:47
    • Alkane gold sales improve prospects for RE project
    • London, 20 April (Argus) — Australian prospective rare metals producer Alkane Resources has reported a rise in quarterly revenues supported by gold production at its Tomingley facility near Dubbo in New South Wales. The company reported revenue for the nine months to the end of March a
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    • NEWS | 20 Apr 14:36
    • Norilsk sells stake to Crispian Investments
    • London, 20 April (Argus) — Russian nickel miner Norilsk Nickel has sold 1.25mn of its ordinary shares to Crispian Investments for $158mn. The stake makes up 0.8pc of the company's share capital. Crispian Investments is a Cyprus-based investment company owned by Russian oligarch Roman Ab
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    • NEWS | 20 Apr 14:15
    • DLA offers high and low carbon FeCr for sale
    • New York, 20 April (Argus) — US defence department's procurement arm, the Defense Logistics Agency (DLA), has offered 1,917 short tons (st) of high carbon and 2.8mn lbs of low carbon ferro-chrome for sale in April. Under the basic ordering agreement sales programme, the agency reported
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    • NEWS | 20 Apr 14:06
    • Evraz steel output down by 9.5pc
    • Riga, 20 April (Argus) — Russian integrated steelmaker and mining firm Evraz's crude steel output fell by 9.5pc in the first quarter from a year earlier, but was fairly flat on the last quarter of 2015 at 3.54mn t, the company said today. Production fell on reduced output at the company
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    • NEWS | 20 Apr 14:02
    • US Commerce starts AD case into FeV from Korea
    • London, 20 April (Argus) — The US Department of Commerce has initiated an anti-dumping investigation of imports of ferro-vanadium from South Korea. The US International Trade Commission (ITC), which initiated its own investigation in the case on 29 March this year, is scheduled to make
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    • NEWS | 20 Apr 11:38
    • India’s Gravita starts recycling aluminium
    • India's Gravita starts recycling aluminium Mumbai, 20 April (Argus) — Non-ferrous metals recycler Gravita India has started producing aluminium alloys at its recycling plant in Jaipur in the northern indian state of Rajasthan. The plant has an initial capacity of 6000 t/yr of aluminium a
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    • NEWS | 20 Apr 11:36
    • Merafe’s FeCr output rises on Lion II
    • Merafe's FeCr output rises on Lion II Johannesburg, 20 April (Argus) — South African integrated chrome and ferro-chrome producer Merafe Resources increased its attributable ferro-chrome output by 4pc to 103,000t in the March quarter compared to the first quarter of 2015. The company said
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    • NEWS | 20 Apr 11:31
    • S Africa’s Mapochs Mine applies for liquidation
    • S Africa's Mapochs Mine applies for liquidation Johannesburg, 20 April (Argus) — The shareholders of vanadium and magnetite iron ore producer Mapochs Mine have applied for its provisional liquidation as it said it cannot pay its debts. Mapochs Mine fell into business rescue in April last
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    • NEWS | 20 Apr 11:24
    • India mulls mining rule change to boost RE output
    • Mumbai, 20 April (Argus) — The Indian government plans to revise the atomic mineral concession rules in order to stimulate production of radioactive minerals, including rare earth bearing mineral monazite. Under the proposed new atomic mineral concession rules, state authorities would b
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    • NEWS | 20 Apr 10:48
    • China's Hsikwangshan halts antimony production
    • Beijing, 20 April (Argus) — China's largest antimony producer Hsikwangshan Twinkling Star suspended production of antimony this week because of a lack of concentrate supply and cash flow problems. The company has the capacity to produce 1,800 t/month of antimony which is mainly used for
    • Read more
    • NEWS | 20 Apr 09:41
    • China’s Jingfu Coal Chemical cuts Mg production
    • China's Jingfu Coal Chemical cuts Mg production Beijing, 20 April (Argus) — Fugu Jingfu Coal Chemical, located in the northern province of Shaanxi, cut its magnesium metal production to 2,000t in April, down by 400t from March after capacity was reduced by losses for its coking plant, a c
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    • NEWS | 20 Apr 09:08
    • China's Tianjing Group halts FeSi alloy production
    • Beijing, 20 April (Argus) — Chinese ferro-silicon prices have fallen since late March in response to lower physical demand. Ferro-silicon producers are downbeat about the market outlook and have no near-term plans to increase output despite a recent rise in steel prices. Chinese ferro-s
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    • COMMENTARY | 19 Apr 23:22
    • Aluminum scrap spreads widen as LME rises
    • Houston, 19 April (Argus) — Price spreads for some mill-grade aluminum scrap widened this past week as consumers were skeptical of the longevity of recent London Metal Exchange (LME) increases. Spreads for 1100/3003 clips and 5052 clips each widened by a penny as outright prices increas
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    • NEWS | 19 Apr 20:56
    • Global zinc usage rises as output drops
    • Houston, 19 April (Argus) — Global zinc metal usage rose by 1.8pc in January-February while zinc metal output fell by 1.2pc in the first two months from the same period a year earlier. Global zinc metal usage rose to 2.15mn t in the first two months from 2.1mn t a year earlier, the Inte
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    • COMMENTARY | 19 Apr 20:00
    • US minor metals: Sb, Bi rise; others pressured
    • New York, 19 April (Argus) — Antimony and cadmium prices increased this week on tighter supplies, while selenium and silicon prices continued to weaken amid an oversupply of the metals. Antimony US antimony metal (Sb 99.65pc) prices increased to $2.50-2.70/lb this week from $2.40-2.6
    • Read more
    • NEWS | 19 Apr 19:36
    • US imports of base metals scrap edge up
    • Houston, 19 April (Argus) — US imports of base metals scrap material rose by 1.3pc in February from the same month a year earlier, as gains in copper and aluminum scrap offset declines in zinc and tin. Imports rose to 55,458t in February from 54,733t a year earlier. Imports of aluminum
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    • NEWS | 19 Apr 18:57
    • Canada extends duties on Chinese steel grating
    • Houston, 19 April (Argus) — The Canadian International Trade Tribunal (CITT) has determined that anti-dumping and anti-subsidy duties established in 2011 will continue for carbon steel bar grating and alloy steel bar grating from China. The ruling was released yesterday as part of an ex
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    • NEWS | 19 Apr 18:52
    • Ahmsa creditors agree to bankruptcy exit plan
    • Houston, 19 April (Argus) — Creditors of Mexico's largest integrated steelmaker, Altos Hornos de Mexico (Ahmsa), have agreed to a payment plan that would bring to an end its 17-year suspension of payments process once the bankruptcy court gives its final approval. Ahmsa has agreed to pa
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    • COMMENTARY | 19 Apr 18:14
    • European copper cathode premiums rise
    • Houston, 19 April (Argus) — Premiums for grade A copper cathodes in-warehouse Rotterdam rose by $5/t in the latest week amid steady business and no shortages of material. Grade A cathodes traded at $50-60/t from $45-55/t a week earlier. Off-grade cathodes remained at $15-25/t, unchanged
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    • NEWS | 19 Apr 18:14
    • Tata Steel pursues investors for UK operations
    • London, 19 April (Argus) — Advisers to global steelmaker Tata Steel's European division have reached out to 190 potential financial and industrial investors over the past week, as they push forward with plans to sell the steelmaker's struggling UK operations. Netherlands-based accountan
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    • NEWS | 19 Apr 18:08
    • Nickel Asia sees 2016 nickel exports flat on year
    • London, 19 April (Argus) — Philippine nickel producer Nickel Asia expects to export close to 20mn wet metric tonnes of nickel this year, a similar amount as last year. In the first quarter the company, which is partly owned by Japan's Sumitomo Metal Mining, sold 3.49mn WMT to Japanese a
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    • NEWS | 19 Apr 18:06
    • US exports of copper scrap rise
    • Houston, 19 April (Argus) — US exports of copper scrap rose by 3pc in February from the same month a year earlier, led by gains in shipments of No. 1 copper scrap and bare bright material. Copper scrap shipments totaled 71,006t in February, compared with 68,926t a year earlier, accordin
    • Read more
    • COMMENTARY | 19 Apr 17:07
    • US FeCr: Prices flat amid supply overhang
    • New York, 19 April (Argus) — US ferro-chrome prices were unchanged this week amid recent pressure due to an oversupply of material and sluggish demand. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices held steady at 87-90¢/lb from a week earlier. Low carbon prices were also unchange
    • Read more
    • NEWS | 19 Apr 17:03
    • US base metals scrap exports fall
    • Houston, 19 April (Argus) — US exports of base metals scrap fell by 1.6pc in February from the same month a year earlier, led by declines in aluminum and zinc shipments amid broad declines in prices of global prime and scrap metals. Exports of base metals scrap fell to 186,117.5t in Feb
    • Read more
    • NEWS | 19 Apr 16:53
    • Fanya effect to alter Bi, In market structure
    • London, 19 April (Argus) — The sharp fall in bismuth and indium prices, amid uncertainty about high stocks held by China's Fanya Metal Exchange (FME), is changing the structure of the market. Chinese producers are looking to increase direct sales in Europe and the Americas and raise th
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    • NEWS | 19 Apr 16:17
    • China rejects criticisms of its steel exports
    • Singapore, 19 April (Argus) — China's steel production is driven by domestic demand and exports are not subsidised, the country's commerce ministry (MOC) said today, in a response to criticism by OECD countries that Chinese exports are causing a global steel crisis. "The global economic
    • Read more
    • NEWS | 19 Apr 15:32
    • Henry Bath taps Gast for Americas manager
    • Houston, 19 April (Argus) — Commodity warehousing firm Henry Bath has appointed David Gast as general manager, Americas. Gast has held senior positions at Pacorini Metals, Wise Metals and Hydro Aluminum in the US and has experience in metals and logistics. He will be based at the compan
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    • NEWS | 19 Apr 14:05
    • ATI to take $9mn charge as layoffs are delayed
    • New York, 19 April (Argus) — US specialty metals producer Allegheny Technologies (ATI) will take a $9mn "severance charge" during the first quarter of 2016 as it lets go of more than 250 salaried employees and idles two facilities. This round of layoffs comes in addition to earlier work
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    • NEWS | 19 Apr 11:14
    • Third Element Metals targets Li in Brazil
    • Johannesburg, 19 April (Argus) — Australian exploration companies Crusader Resources and Lepidico have formed a joint venture called Third Element Metals which will initially focus on developing lithium deposits in Brazil. The joint venture's immediate focus will be on the Manga lithium
    • Read more
    • COMMENTARY | 19 Apr 11:03
    • LME minors: Low key activity reflects physicals
    • London, 19 April (Argus) — London Metal Exchange (LME) cobalt and molybdenum are little moved this week, taking their lead from a similar pattern in the physical markets where trading activity has been generally reported at a low level. LME cash cobalt settled higher at $22,500/23,000/t
    • Read more
    • COMMENTARY | 19 Apr 10:40
    • China Mg: Prices up sharply on tight supply
    • Beijing, 19 April (Argus) — Chinese magnesium prices have risen strongly on the domestic market over the past week, as a result of limited spot market availability. Supplies have shrunk since March when producers started equipment maintenance or cut production in response to slim profit
    • Read more
    • COMMENTARY | 19 Apr 08:21
    • China CaSi spot prices up, export down
    • Beijing, 19 April (Argus) — Chinese calcium silicon prices have edged up because of decreasing stocks, but export prices have fallen on thin business. Spot prices of calcium silicon are assessed at 9,100-9,300 yuan/t ($1,403-1,433/t) ex-works by cash for 30pc grade and Yn8,900-9,100/t e
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    • NEWS | 19 Apr 02:18
    • Rio Tinto posts higher 1Q aluminium output
    • Sydney, 19 April (Argus) — UK-Australian resources group Rio Tinto recorded increased production of bauxite, alumina and aluminium in the January-March quarter against the same period a year earlier, while copper output dropped because of a fall in its share of output from the Escondida
    • Read more
    • NEWS | 18 Apr 21:43
    • AK Steel increasing May stainless steel prices
    • New York, 18 April (Argus) — Ohio-based steel producer AK Steel will increase base prices for all its stainless steel products effective 1 May. The company will enact price increases for commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products thr
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    • NEWS | 18 Apr 21:29
    • USW targets cheap aluminum imports
    • Houston, 18 April (Argus) — The United Steelworkers, which represents approximately 80pc of workers in the US primary aluminum industry, today filed a petition under section 201 of US trade law to reduce the flow of low-priced unwrought primary aluminum imports into the country. If the
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    • NEWS | 18 Apr 20:49
    • US raw steel output rises
    • Houston, 18 April (Argus) — US raw steel output increased by 2.2pc in the week ended 16 April from the prior week as production increased in all regions except the midwest. Output rose to 1.69mn net tons (1.53mn metric tonnes) from 1.66mn nt in the prior week, while capacity utilization
    • Read more
    • COMMENTARY | 18 Apr 19:43
    • Oil futures: WTI sub-$40/bl after Doha meeting
    • Houston, 18 April (Argus) — Crude prices fell today after a meeting of 18 Opec and non-Opec producers in Doha failed to lead to a production freeze agreement. Nymex May light, sweet crude futures settled down by 58¢/bl at $39.78/bl. The contract had reached a 2016 high of $42.17/bl on
    • Read more
    • NEWS | 18 Apr 19:19
    • Canadian aluminum service center shipments rise
    • Houston, 18 April (Argus) — Canadian service center shipments of aluminum products, excluding extrusions, rose by 11.7pc in March from the prior month while inventories fell to 2.7 months of supply from 3.1 months in February. Shipments totaled 11,500 net tons (10,432 metric tonnes) in
    • Read more
    • NEWS | 18 Apr 19:10
    • La Parrilla on track for 2016 tungsten output
    • Sao Paulo, 18 April (Argus) — London-listed W Resources has said it remains on course for first production at its La Parrilla Fast Track Mine project in Spain by the end of 2016. This comes after results of test work conducted in Europe over the last quarter revealed strong metal recov
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    • NEWS | 18 Apr 19:04
    • Metraco in talks to buy Sims FE Mottram
    • Paris, 18 April (Argus) — Belgian trading firm Metraco has entered into exclusive discussions with Sims Metal Management regarding the purchase of the Sims FE Mottram plant in Sheffield, UK. The company is conducting due diligence before going ahead with the transaction that could clos
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    • NEWS | 18 Apr 18:47
    • Codelco copper operations remain partly halted
    • Sao Paulo, 18 April (Argus) — Chile's state-owned copper and molybdenum producer Codelco has said production at its El Teniente mine in the centre of the country remains suspended due to the after effects of a major weather front. Production was halted on 16 April at cost of 1,500 t/d o
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    • NEWS | 18 Apr 18:18
    • Canada gathering public input on Sisson project
    • New York, 18 April (Argus) — The Canadian Environmental Assessment Agency (CEAA) has begun gathering public comments regarding its comprehensive study report on mine developer Northcliff Resources' Sisson tungsten-molybdenum project. The agency opened discussions on 15 April and has set
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    • NEWS | 18 Apr 18:16
    • Canada steel service center shipments edge lower
    • Houston, 18 April (Argus) — Canadian service center shipments of steel products excluding structural products fell by 1.2pc in March from the prior month, while months' supply of inventory fell to 3 months from 3.1 months. Service center steel shipments decreased to 392,200nt (355,797 m
    • Read more
    • COMMENTARY | 18 Apr 18:09
    • European secondary aluminium prices rise
    • Houston, 18 April (Argus) — Secondary aluminium ingot prices rose across the board in Europe in the latest week amid strong demand from the automotive sector and a gain in London Metal Exchange prices. LM 6 and 25 material traded in the UK increased to 94-99¢/lb from 92-97¢/lb a week ea
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    • NEWS | 18 Apr 16:24
    • Greenpeace opposes Spain rare earths project
    • Sao Paulo, 18 April (Argus) — Local government authorities in Spain's central southern La Mancha region are facing pressure to block a rare earths project planned by Spanish oil, gas and minerals company Quantum Mineria from environmental campaign group Greenpeace. Greenpeace has added
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    • NEWS | 18 Apr 16:22
    • Eurasia receives permit for West Kytlim mine
    • London, 18 April (Argus) — Russia's Federal Service for Ecological, Technological and Nuclear Supervision RostekhNadzor has approved the mine plan for West Kytlim alluvial platinum mine in the Urals developed by Eurasia Mining. Alluvial mining depends on access to water and in the part
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    • NEWS | 18 Apr 15:34
    • Zimasco transfers half of chrome claims to state
    • London, 18 April (Argus) — Zimbabwe's biggest integrated ferro-chrome producer Zimasco has granted half of its chrome claims to the state to allow new investment in the sector. The move follows a directive issued from Harare last year to Zimasco and domestic rival ZimAlloys. Zimasco wil
    • Read more
    • NEWS | 18 Apr 14:50
    • Ukraine could lose Russia ferro-alloy buyers
    • London, 18 April (Argus) — Ukrainian ferro-alloy producers are at high risk from being completely blocked from the Russian market as Russia prepares to introduce anti-dumping duties on Ukrainian material, said the Ukrainian Association of Ferroalloy Producers (UKRFA). Last year, trade f
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    • NEWS | 18 Apr 14:45
    • S Africa issues draft of revised Mining Charter
    • Johannesburg, 18 April (Argus) — South Africa's Department of Mineral Resources has issued a draft of a revised version of the Mining Charter which governs various vital aspects of the mining industry such as mining rights and ownership. The charter covers a wide range of socio-economic
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    • NEWS | 18 Apr 13:18
    • Energy storage competing with vehicles for lithium
    • London, 18 April (Argus) — Increasing use of large-scale batteries for energy storage systems is driving the lithium market away from consumer-based applications — including electric vehicles, delegates heard at the Minor Metals Trade Association (MMTA) annual conference in Amsterdam.
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    • NEWS | 18 Apr 11:42
    • Uragold advances quartz-solar silicon project
    • London, 18 April (Argus) — Canadian junior explorer Uragold Bay Resources is set to release test results from its process to convert high purity quartz to solar grade silicon (polysilicon) at its wholly-owned subsidiary, Quebec Quartz. The company is located in Clifton county, Quebec. U
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    • NEWS | 18 Apr 11:06
    • China’s Minmetals RE, RNM see first-quarter loss
    • China's Minmetals RE, RNM see first-quarter loss Beijing, 18 April (Argus) — Two large Chinese state-controlled rare earth producers Minmetals Rare Earth and Rising Nonferrous Metals have forecast losses for January-March on low demand and prices. Minmetals Rare Earth, one of China's lar
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    • NEWS | 18 Apr 09:46
    • Chinia's Benxi Group raises FeMn tender prices
    • Beijing, 18 April (Argus) — One of China's largest steelmakers, Benxi Iron and Steel, has raised its tender purchase price for high-carbon ferro-manganese alloy for April delivery because of higher alloy prices. But prices may fall next month. Benxi Group has increased its procurement p
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    • NEWS | 18 Apr 09:07
    • Chrome ore stocks keep rising at Chinese ports
    • Beijing, 18 April (Argus) — Chrome ore stocks at Chinese ports had risen to 1,446,000t on 15 April, up by 60,000t from 1,386,000t on 8 April. Stocks at Lianyungang port totalled 425,000t, up by 15,000t compared with 410,000t on 8 April. Stocks at Zhajianggang port increased by 33,000t t
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    • NEWS | 18 Apr 08:38
    • China Ketong Metallurgy to raise CaSi alloy prices
    • Beijing, 18 April (Argus) — The spot market for china silicon has been quiet over the past two months as producers fulfil regular orders and prices have remained flat. But prices are expected to rise next week on falling stocks. Chinese calcium silicon producer Ketong Metallurgy Indust
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    • NEWS | 18 Apr 08:38
    • Ketong Metallurgy to raise CaSi alloy offers
    • Beijing, 18 April (Argus) — The spot market for china silicon has been quiet over the past two months as producers fulfil regular orders and prices have remained flat. But prices are expected to rise next week on falling stocks. Chinese calcium silicon producer Ketong Metallurgy Indust
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    • ANALYSIS | 15 Apr 22:27
    • This Week in Metals: 11-15 April
    • Houston, 15 April (Argus) — China's economy posted its slowest quarterly growth since 2009, even as fresh lending appears to have boosted both industrial output and consumer spending. China's economy grew at a 6.7pc pace in the first quarter, weakening from a 6.8pc pace in the fourth qu
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    • NEWS | 15 Apr 20:51
    • Essar Steel Minnesota told to prove financing
    • Houston, 15 April (Argus) — Iron ore producer Essar Steel Minnesota was warned by Minnesota that its public minerals leases may be terminated on 1 July if the company fails to demonstrate that it has secured "necessary" financing for its stalled iron ore mining and pellet project in the
    • Read more
    • COMMENTARY | 15 Apr 19:47
    • US export zorba rises on China demand
    • Houston, 15 April (Argus) — The price of US zorba for export rose by a penny this week, as large smelters in China demanded scrap material to keep their furnaces running. Prices of zorba, 94pc metallic with 3-4pc red metal content, rose to 61-63¢/lb cif China from 61-62¢/lb a week earli
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    • NEWS | 15 Apr 19:10
    • US Ti: Aerospace drives 2015 consumption
    • New York, 15 April (Argus) — Total US titanium mill product and ingot production rose by 7.7pc in 2015 amid strong demand from commercial and military aerospace markets. The US produced 99,900t of titanium ingot and mill products in 2015, up from 92,800t in 2014, according to data from
    • Read more
    • COMMENTARY | 15 Apr 18:30
    • US stainless steel scrap rises on nickel rally
    • Houston, 15 April (Argus) — Prices of 18-8 stainless steel scrap rose this week due to steady demand, nickel gains on the London Metal Exchange (LME) and tight spot market availability. Processor buying prices for type 304 (18-8) scrap solids traded at $965-1,020/gross tons Friday, up f
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    • NEWS | 15 Apr 17:28
    • US aluminum service center shipments rise in March
    • Houston, 15 April (Argus) — US service center shipments of aluminum products rose by 7.2pc in March from the prior month while inventories fell to 2.8 months' supply from 3 months. Service center aluminum shipments totaled 137,200 net tons (124,465 metric tonnes) in March, compared with
    • Read more
    • NEWS | 15 Apr 17:00
    • US steel service center shipments up, stocks fall
    • Houston, 15 April (Argus) — US service center shipments of steel products rose by 4.8pc in March from the prior month while inventories again fell to multiyear lows. Service center steel shipments totaled 3.33mn net tons (3mn metric tonnes) in March, compared with 3.18mn nt in February,
    • Read more
    • NEWS | 15 Apr 13:58
    • Ferbasa ferro-alloys output falls in March
    • Sao Paulo, 15 April (Argus) — Leading Brazilian ferro-chrome producer Ferbasa said ferro-alloys production fell 23.6pc in March from a year earlier to 18,969t as the company continues to adapt to a new power deal with northeast regional utility Chesf. Ferro-alloy sales rose 77.1pc to 30
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    • NEWS | 15 Apr 12:18
    • China Molybdenum starts APT trial production
    • Beijing, 15 April (Argus) — Hong-Kong and Shanghai-listed China Molybdenum has launched trial production at its new ammonium paratungstate (APT) plant. The plant, located in Luoyang in China's central Henan province, will have a production capacity of 5,000 t/yr but the company has n
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    • NEWS | 15 Apr 12:06
    • China's Shanshan profit up on Li battery growth
    • Beijing, 15 April (Argus) — China's leading producer of lithium iron battery material Shanghai-based Shanshan reported profits of 660mn yuan ($102mn) for 2015, up by 91pc year on year, on revenues of Yn4.3bn, up by 18pc from 2014. The sharp rise in profits was driven by demand for ca
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    • NEWS | 15 Apr 11:24
    • Georgian Manganese to appeal lost tax case
    • London, 15 April (Argus) — Mining company Georgian Manganese, which owns manganese mines in Chiatura and a ferro-alloy plant in Zestaponi, will appeal a court decision this week that threw out its case against the government after the revenue service ordered the company to pay a 200mn la
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    • NEWS | 15 Apr 11:16
    • Tschudi mine increases copper cathode output
    • Johannesburg, 15 April (Argus) — Copper and base metals miner Weatherly International produced 4,442t of copper cathode at its Tschudi open pit mine in Namibia in the March quarter. The company said this was 4pc above the mine's nameplate capacity of 17,000 t/yr. March quarter output wa
    • Read more
    • NEWS | 15 Apr 10:17
    • South Africa’s UMK raises Mn ore export price
    • South Africa's UMK raises Mn ore export price Beijing, 15 April (Argus) — The world's fourth largest manganese ore producer, South African mining firm United Manganese of Kalahari (UMK), has raised its export price for manganese ore for May shipment, Chinese importers said. The export pr
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    • NEWS | 15 Apr 10:13
    • Brazil Manganese JV sees 1Q output record
    • Sao Paulo, 15 April (Argus) — The Brazil Manganese joint venture owned by Canada's Cancana Resources and the Netherlands' Ferrometals has posted record first quarter manganese production. Production at the Rio Madeira site in Brazil's remote north western Rondonia state totalled 2,558t
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    • NEWS | 15 Apr 10:04
    • Amerigo 1Q copper output up sharply
    • Sao Paulo, 15 April (Argus) — Canada-based metals processor Amerigo Resources said copper production increased 45pc in the first quarter of 2016 at its Chile operations. Output rose to 12.86mn lbs from 8.87mn lbs a year earlier and was 18.4pc higher than for the closing quarter of 2015
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    • NEWS | 15 Apr 09:49
    • Birimian upbeat about lithium project in Mali
    • Johannesburg, 15 April (Argus) — Perth-based lithium and gold explorer Birimian Gold is confident that the extended 250 square kilometre exploration area at its Bougouni lithium project in the West African country of Mali will enable it to discover a 15-18mn t lithium resource grading 1.
    • Read more
    • COMMENTARY | 15 Apr 09:34
    • RE prices stall on demand, stockpile uncertainty
    • Beijing, 15 April (Argus) — Rare earth prices are mostly flat on limited buying interest, with prices for some rare earth elements slipping as a number of producers are eager to sell. Producers are keenly monitoring news about the creation of a commercial stockpile but are taking a cauti
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    • NEWS | 15 Apr 09:16
    • India's OMC keeps April chrome ore offer unchanged
    • Mumbai, 15 April (Argus) — Indian state-controlled Odisha Mining has kept the tender offer price for chrome ore in April unchanged on tepid demand. The company will offer 48,200t of friable chrome ore of different grades and 51,00t of chrome ore concentrate to the domestic market this m
    • Read more
    • NEWS | 15 Apr 08:41
    • Zhongxing resumes TiCl4 output after maintenance
    • Beijing, 15 April (Argus) — Zhongxing Electronics Material, the largest titanium tetrachloride producer in southern China, has resumed full production following maintenance to equipment last month. The company is located in Xiantao in the central province of Hubei and has a production
    • Read more
    • COMMENTARY | 14 Apr 23:24
    • Aluminum alloy price falls on oversupply
    • Houston, 14 April (Argus) — The price of A380.1 slid this week as producers faced domestic smelter overcapacity and imports. A380.1 dropped to 86-87.5¢/lb from 86-88 ¢/lb after remaining flat for an entire month as sellers struggled making higher-priced sales. "If not a single pound of
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    • COMMENTARY | 14 Apr 22:07
    • LME boosts some secondary aluminum scrap
    • Houston, 14 April (Argus) — Prices for secondary aluminum scrap with mill-grade counterparts increased this week as London Metal Exchange aluminum prices rose by 3¢/lb over the past four days. Secondary grade painted siding prices increased to 56-58¢/lb from 54-56¢/lb this week and mix
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    • COMMENTARY | 14 Apr 21:54
    • Supply continues to dictate US Mn alloy markets
    • New York, 14 April (Argus) — Prices for US high-carbon ferro-manganese bumped up this week as near-term supply remains short. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices rose to $800-840/gross tons from $800-820/gt a week earlier. Prices held flat the prior week, consolidating
    • Read more
    • NEWS | 14 Apr 21:45
    • China agrees to end metal export subsidies: USTR
    • Houston, 14 April (Argus) — China has agreed to terminate subsidies on exports of specialty steel, aluminum and other materials in an agreement with the US announced today by US Trade Representative Michael Froman. China agreed to take actions to put an end to the subsidies provided thr
    • Read more
    • COMMENTARY | 14 Apr 19:47
    • Stainless steel scrap prices edge higher
    • Houston, 14 April (Argus) — Prices of stainless steel scrap edged up in Europe and Asia in the latest week amid steady global demand at steel mills and scant supply as terminal nickel prices made solid gains. Scrap solids in Rotterdam and Germany traded at 44-45¢/lb for 304 (18-8) compa
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    • NEWS | 14 Apr 19:44
    • Recovering steel demand boosts NLMK US sales
    • Houston, 14 April (Argus) — NLMK USA, a segment of Russia-based steel producer NLMK, increased its steel sales in the US by 8pc in the first quarter from the same quarter a year earlier, reflecting increased steel demand in North America. The company sold 467,000metric tonnes of steel i
    • Read more
    • COMMENTARY | 14 Apr 18:30
    • US FeCr: Supply outpaces stainless mill demand
    • New York, 14 April (Argus) — US high carbon ferro-chrome prices declined this week as supply outpaced spot market demand. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices declined to 87-90¢/lb this week from 89-93¢/lb a week earlier. Prices have fallen every other week for a total 5
    • Read more
    • COMMENTARY | 14 Apr 18:16
    • CIS pig iron: Sellers achieve further price gains
    • London, 14 April (Argus) — Russian and Ukrainian basic pig iron (BPI) prices have continued to rise over the past week, as exporters track further gains in the iron ore, scrap and finished steel markets. But uncertainty about price direction persists, with market participants eyeing the
    • Read more
    • COMMENTARY | 14 Apr 18:08
    • Ferrous scrap: Prices rise above $270/t cfr Turkey
    • London, 14 April (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey and HMS 1/2 75:25 fob Rotterdam steel scrap assessments rose today by $3/t and $1.80/t to $272/t cfr Turkey and $246.50/t fob Rotterdam, respectively, on the back of a European sale. A continental European supplier sold
    • Read more
    • COMMENTARY | 14 Apr 16:33
    • Global nickel prices rise
    • London, 14 April (Argus) — London Metal Exchange (LME) nickel prices moved higher this week, following other metals like copper higher. LME three-month nickel futures traded at $8,963/t today, up from $8,515/t a week ago. LME stocks have fallen below 430,000t primarily because of wit
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    • NEWS | 14 Apr 14:11
    • US recyclers hit by global steel overproduction
    • Houston, 14 April (Argus) — Over 100 scrap recycling facilities in the US have shuttered and more than 11,000 recycling jobs have been lost since early 2015 as a result of global oversupply of steel and falling prices, an industry representative told US trade officials in a hearing. Wh
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    • NEWS | 14 Apr 12:33
    • Sandfire updates DeGrussa Cu/Au mine plan
    • Johannesburg, 14 April (Argus) — Perth-based copper and gold miner Sandfire Resources has updated its mine plan to 2021 at its DeGrussa copper-gold mine 900km north-east of Perth in Western Australia. The company said the mine is expected to process around 8.1mn t of ore between now and
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    • NEWS | 14 Apr 11:04
    • Cradle Resources flags FeNb project in Tanzania
    • Johannesburg, 14 April (Argus) — Perth-based niobium explorer Cradle Resources has completed metallurgical tests which show that its Panda Hill project in Tanzania will be able to produce high grade ferro-niobium for use in the steel industry. It said the first ferro-niobium has been pr
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    • COMMENTARY | 14 Apr 10:58
    • China nickel pig iron prices rise on tight supply
    • Beijing, 14 April (Argus) — Chinese nickel pig iron (NPI) prices have continued to edge up on the back of tight availability and rising nickel ore prices. High grade NPI prices were assessed at Yn715-735/mtu ($110-113/metric tonne unit) today, up by Yn5/mtu from last week and an increas
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    • NEWS | 14 Apr 10:57
    • Zinc growth surging in Sub-Saharan Africa
    • Johannesburg, 14 April (Argus) — Sub-Saharan Africa will have a greater percentage zinc market growth than any other region in the world over the next 10-15 years, said the International Zinc Association of Southern Africa (IZASA). In an interview, IZASA regional director Rob White said
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    • COMMENTARY | 14 Apr 10:44
    • Chinese antimony prices up on tight supply
    • Beijing, 14 April (Argus) — Prices for antimony metal have edged up this week, as more buyers start to build up stocks for the second quarter, while prompt supply is limited because many suppliers have cut production or withheld sales since March. Prices for 99.65pc antimony metal are
    • Read more
    • NEWS | 14 Apr 10:19
    • Colombia ferro-nickel exports double in February
    • Sao Paulo, 14 April (Argus) — Colombia's ferro-nickel exports more than doubled in February to 8,085t in February from 3,696t in the same month last year, official figures published to the nearest tonne show. Revenues from ferro-nickel exports in February rose 11.4pc to $17.8mn from $16
    • Read more
    • COMMENTARY | 14 Apr 10:13
    • China electronic metals: Gallium prices fall
    • Beijing, 14 April (Argus) — Chinese gallium prices have fallen slightly on the domestic market on a combination of large stocks and slow purchasing, although some producers plan to halt output in June. A producer in southern China is offering 700-800 yuan/kg ($108-123/kg) ex-works for
    • Read more
    • COMMENTARY | 14 Apr 09:52
    • Chinese ferro-silicon prices fall on lower demand
    • Beijing, 14 April (Argus) — Chinese ferro-silicon prices have declined this week on lower physical demand. Ferro-silicon prices are assessed at Yn4,150-4,350/t ($639-669/t) ex-works for 72pc grade and Yn4,400-4,600/t ex-works for 75pc grade today down by Yn100/t from 12 April. Expor
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    • COMMENTARY | 14 Apr 09:34
    • China overview: Se falls, Te rangebound
    • Beijing, 14 April (Argus) — Selenium prices have continued to fall on the domestic market in response to lower import prices and low manganese prices. Tellerium prices have remained flat for over two months, amid sporadic buying from consumers. Prices for selenium 99.9pc were assessed a
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    • NEWS | 14 Apr 08:18
    • China steel mill Posco Zhangjiagang cuts FeMo bid
    • Beijing, 14 April (Argus) — Leading specialty steel mill Posco Zhangjiagang, which is operated by South Korean steel group Posco, has cut its procurement price for ferro-molybdenum for April delivery. The Posco Zhangjiagang steel mill, which is located in China's eastern coastal provin
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    • NEWS | 13 Apr 22:03
    • Alcoa in talks to keep Intalco running
    • Houston, 13 April (Argus) — US Pacific northwest power provider Bonneville Power Administration is in talks with aluminum producer Alcoa on an agreement that may provide electricity to the company's Intalco smelter in Ferndale, Washington state, through February 2018 and stave off a prev
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    • COMMENTARY | 13 Apr 21:43
    • Bare bright spreads shift to premium
    • Houston, 13 April (Argus) — No 1 bare bright copper scrap price spreads were up by 1¢/lb this week as they broke above level-May Comex amid scarcity of scrap supply. Consumer buying price spreads for bare bright were 1¢/lb over May Comex to 1.5¢/lb under Comex, delivered, from level-Com
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    • NEWS | 13 Apr 21:43
    • Genesee & Wyoming quarterly metal shipments mixed
    • Genesee Wyoming quarterly metal shipments mixed New York, 13 April (Argus) — Shortline railroad company Genesee Wyoming shipped 16pc more metals, ores, and minerals across all segments during the first quarter compared to a year earlier, in large part due to rebounding metals traffic
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    • COMMENTARY | 13 Apr 21:35
    • Aluminum cans keep pace with LME
    • Houston, 13 April (Argus) — Used aluminum beverage can (UBC) spreads were unchanged this week as consumers followed London Metal Exchange (LME) gains upward, concerned about retaining buying volumes. LME cash aluminum settled at $1,545.50 (70¢/b) up from $1,481/lb (67¢/lb) a week earlie
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    • COMMENTARY | 13 Apr 21:23
    • Copper cathode premiums firm as scrap stays tight
    • Houston, 13 April (Argus) — Premiums for US copper cathodes rose by a quarter of a penny in the latest week as consumers turned to cathode material to meet their unfilled scrap needs. Premiums for grade A cathodes were at 5.75–6.25¢/lb delivered midwest consumer Wednesday, up from 5.5-6
    • Read more
    • NEWS | 13 Apr 21:06
    • US imports of tungsten products mixed in January
    • New York, 13 April (Argus) — US imports of tungsten concentrate for consumption during January increased by 4.5pc from a year earlier, led by a 90pc surge in Bolivian levels. The US imported 393t of tungsten concentrate during January, up from 376t a year earlier, according to data from
    • Read more
    • COMMENTARY | 13 Apr 21:03
    • Shrinking contango stalls aluminum premium
    • Houston, 13 April (Argus) — The midwest premium for primary aluminum remained unchanged this week as financing deals appeared less lucrative because of a diminishing contango. The premium stayed at 8-8.25¢/lb this week as primary aluminum settled at $1.545.50/t up from $1,481/t a week e
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    • COMMENTARY | 13 Apr 21:00
    • European aluminium premiums trend lower
    • Houston, 13 April (Argus) — Premiums for aluminium traded in Europe were flat to lower in the latest week in thin trade as business has dropped off by as much as half in the past month. The premium on P1020 duty paid aluminium fell to $135-145 from $135-155/t a week earlier, while the p
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    • COMMENTARY | 13 Apr 20:20
    • Oil futures: WTI, Brent fall from 2016 highs
    • Houston, 13 April (Argus) — WTI and Brent futures fell today from 2016 highs in the previous session as the US Energy Information Administration (EIA) reported a large build in crude stocks and a drop in gasoline inventories. Nymex May light, sweet crude futures settled down by 41¢/bl
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    • NEWS | 13 Apr 20:05
    • US sets antidumping duties on German brass imports
    • Houston, 13 April (Argus) — The US has made a preliminary determination that imports of brass sheet and strip from Germany have been sold at less than fair value in the US by seven of 10 companies under review. The International Trade Administration, after its administrative review, lev
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    • NEWS | 13 Apr 17:58
    • Codelco joins Chuquicamata tunnels
    • Sao Paulo, 13 April (Argus) — Codelco Chile's state controlled copper-molybdenum producer said it has connected two vitally important tunnels as part of work to move the Chuquicamata mine in the north of the country underground. At a depth of more than 1km (0.63 miles) and 7km (4.4 mil
    • Read more
    • NEWS | 13 Apr 17:56
    • LME copper rallies on Chinese imports
    • London, 13 April (Argus) — London Metal Exchange (LME) copper prices rose Wednesday to $4,850/t as Chinese trade data showed a surprising increase in the country's imports of the metal. Data from China's authorities showed that the country imported 570,000t of copper in March, up 39pc o
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    • NEWS | 13 Apr 17:49
    • Thompson Creek boosts copper output: Correction
    • Removes reference to moly output at Mount Milligan mine in 5th paragraph Houston, 13 April (Argus) — Colorado-based copper producer Thompson Creek Metals boosted production of payable copper by 24pc in the first quarter from a year earlier, while its copper sales rose by just 1.4pc.
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    • NEWS | 13 Apr 17:15
    • China, emerging markets weigh on 2016 steel demand
    • Houston, 13 April (Argus) — Global steel demand is expected to decrease by 0.8pc in 2016 led by an economic slowdown in China, but is expected to recover by 0.4pc in 2017 as steel demand picks up in all other markets. Global steel demand is expected to drop to 1.48bn metric tonnes in 2
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    • NEWS | 13 Apr 16:53
    • Copper Mountain boosts copper output
    • Houston, 13 April (Argus) — Vancouver-based Copper Mountain Mining produced 3.3pc more copper in the first quarter than the same period a year earlier and the producer is "on track" to meet its production guidance for the year. Copper Mountain Mining produced 19mn lbs of copper at its C
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    • NEWS | 13 Apr 15:40
    • Australia Vanadium signs battery dealership deal
    • Sao Paulo, 13 April (Argus) — Australian Vanadium, which is aiming to produce vanadium at the Gabanintha site in Western Australia has signed a dealership agreement to sell Gildemeister's CellCube range of vanadium redox flow batteries (VRFB) in Australia. The move is part of plans by t
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    • NEWS | 13 Apr 12:20
    • Chinese rare earth exports rise in March
    • Beijing, 13 April (Argus) — China exported 4,343t of rare earths in March, up by 114pc from 2,029t a year earlier, official customs data show. Suppliers reported a rise in demand in March and export revenues totalled Yn205.2mn ($32mn), a rise of 59pc year on year. But the average expo
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    • NEWS | 13 Apr 11:44
    • US import data mixed on Mn alloy in October
    • London, 13 April (Argus) — The US imported 23,200t of silico-manganese and 14,000t of ferro-manganese in October last year, data from United States Geological Survey (USGS) said. This is the latest data released by USGS on these imports. This is compared with 17,300t of silico-manganese
    • Read more
    • COMMENTARY | 13 Apr 10:04
    • LME minors: Prices track low key physical activity
    • London, 13 April (Argus) — London Metal Exchange (LME) cobalt and molybdenum have been little moved in the past week, reflecting slow business activity levels in physical markets. LME cash cobalt settled higher at $22,500/22,510/t, from $22,300/22,500/t, while molybdenum settled at a ca
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    • NEWS | 13 Apr 09:45
    • China's Pangang raises titanium dioxide prices
    • Beijing, 13 April (Argus) — Pangang Titanium Industry has raised its domestic and export guide prices for various grades of titanium dioxide by Yn500/t ($80/t). Domestic guide prices for titanium dioxide for R258, R248, R298, PTA121 and PTA110 grades have increased to Yn12,100/t ($1,86
    • Read more
    • NEWS | 13 Apr 09:41
    • Sandfire flags Cu/Au resource at Monty prospect
    • Johannesburg, 13 April (Argus) — Perth-based copper and gold explorer Sandfire Resources has declared a maiden resource at the Monty copper/gold deposit which is part of the Springfield Joint Venture with Talisman Mining in the Doolgunna district of Western Australia. The company has de
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    • NEWS | 13 Apr 09:29
    • Chile, Japan in lithium market development talks
    • Sao Paulo, 13 April (Argus) — Chilean and Japanese government officials have held talks with a view to developing the lithium market. Discussions at a public-private business event also centred on how the countries can work together on mining innovation and geological mapping. Chile and
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    • NEWS | 13 Apr 08:54
    • China's new energy vehicle output rises in March
    • Beijing, 13 April (Argus) — Chinese output of new energy vehicles totalled 25,246 units in March, a rise of 76pc from 14,328 a year earlier and up by 14pc from February, China's association of automobile manufacturers Caam said. The Chinese authorities are promoting the development of
    • Read more
    • COMMENTARY | 12 Apr 22:14
    • Aluminum scrap spreads tighten
    • Houston, 12 April (Argus) — Mill-grade aluminum scrap spreads tightened in the US this week for some grades that were slow to react to London Metal Exchange (LME) movements earlier in the month. LME cash prices for aluminum settled at $1,514/t (68¢/lb) Tuesday from $1,498/t (67¢/lb) a w
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    • COMMENTARY | 12 Apr 21:54
    • Thompson Creek boosts copper output by a quarter
    • Houston, 12 April (Argus) — Colorado-based copper producer Thompson Creek Metals boosted production of payable copper by 24pc in the first quarter from a year earlier, while its copper sales rose by just 1.4pc. Thompson Creek increased copper output at its Mount Milligan mine to 19.1mn
    • Read more
    • NEWS | 12 Apr 21:30
    • US steel executives renew push for import tariffs
    • Washington, 12 April (Argus) — US steel industry executives today pressed President Barack Obama's administration to restrain imports of Chinese-made steel and help reduce global overcapacity. At a high-profile public hearing in Washington, DC, the executives pushed the administration t
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    • COMMENTARY | 12 Apr 20:23
    • Oil futures: WTI, Brent settle at 2016 highs
    • Houston, 12 April (Argus) — WTI and Brent futures settled at 2016 highs today as global producers prepared to meet to discuss output limits and the US Energy Information Administration (EIA) predicted a 1.2mn b/d drop in US production by late 2017. Nymex May light, sweet crude futures
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    • NEWS | 12 Apr 20:11
    • Aluminicaste sues Mississippi extruder
    • Houston, 12 April (Argus) — Mexican secondary aluminum billet producer Aluminicaste has filed a lawsuit against Mississippi-based extrusion manufacturer Aluminum Extrusions for five civil complaints, including alleged breach of contract and unjust enrichment. Aluminicaste has accused th
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    • COMMENTARY | 12 Apr 19:58
    • US Bi, Sb: Low-key trading offsets supply concerns
    • New York, 12 April (Argus) — US bismuth prices held for a second week amid flat demand from consumers. Bismuth ingot (Bi 99.99pc) prices remained unchanged at $4.30-4.80/lb for a second straight week. Prices have stabilized after an increase in small volume inquires pushed offers up by
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    • NEWS | 12 Apr 18:36
    • Mill Steel taps Pam Heglund for president
    • Houston, 12 April (Argus) — Michigan-based flat-rolled carbon steel distributor Mill Steel has appointed Pam Heglund as the company's president. Heglund began as Mill Steel's first intern in 2000 and has served for five years as vice president of sales. Her appointment will make her the
    • Read more
    • COMMENTARY | 12 Apr 17:31
    • EU copper cathodes, scrap prices squeeze margins
    • Houston, 12 April (Argus) — Premiums for grade A copper cathodes in-warehouse Rotterdam were unchanged in the latest week amid steady business and no shortages of material. Grade A cathodes traded at $45-55/t in-warehouse Rotterdam for a second week, while off-grade cathodes also remain
    • Read more
    • COMMENTARY | 12 Apr 17:31
    • Thin trading dominates US tech metals market
    • New York, 12 April (Argus) — US indium prices were flat this week as easing supply largely offset stable demand. Indium ingot (In 99.99pc) prices held at $240-270/kg for a second week. Prices have stabilized since rising $12.5/kg over two weeks starting 18 March as concerns of tightened
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    • NEWS | 12 Apr 17:11
    • US steel exports edge lower in February
    • Houston, 12 April (Argus) — US steel exports in February fell by 0.4pc from a month earlier as decreased exports to Mexico and the EU were mostly offset by an increase of shipments to Canada. US steel exports fell to 779,010 net tons (706,705 metric tonnes) in February from 782,172nt i
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    • NEWS | 12 Apr 16:23
    • Norilsk mulls $158mn offer for treasury shares
    • London, 12 April (Argus) — Russian metals group Norilsk Nickel said its board will review a $158mn offer by a company affiliated with Russian billionaire Roman Abramovich for a 0.79pc stake in the nickel and platinum group metals (PGMs) producer. The company has received an offer from C
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    • NEWS | 12 Apr 16:08
    • Court ends Noranda, Sherwin bauxite contract
    • Houston, 12 April (Argus) — A Missouri court has rejected a contract between Noranda Aluminum's bauxite subsidiary and Texas-based Sherwin Alumina, both of which filed for bankruptcy protection in the first quarter of the year. In its first court motion after declaring chapter 11 bankru
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    • NEWS | 12 Apr 14:56
    • Brazil grapples with post-impeachment scenarios
    • Rio de Janeiro, 12 April (Argus) — Brazilian president Dilma Rousseff's fight to block impeachment was dealt another blow last night when a congressional committee approved a report supporting her ouster, increasing the odds that business-oriented vice president Michel Temer would assume
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    • ANALYSIS | 12 Apr 14:17
    • Pipeline orders to lift European manganese demand
    • London, 12 April (Argus) — European manganese prices are likely to extend recent gains during the second quarter on expectations of higher demand from steelmakers preparing for new orders from the energy sector. Prices for 99.7pc manganese flake in Europe have ticked up from a two-month
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    • NEWS | 12 Apr 12:17
    • US Bullseye Glass resumes cadmium burning
    • London, 12 April (Argus) — US glass manufacturer Bullseye Glass has started using cadmium in its glass production again after implementing anti-pollution measures at its Portland, Oregon plant. Bullseye installed a "baghouse" pollution control device which filters cadmium particles fro
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    • NEWS | 12 Apr 11:26
    • China’s Ganfeng profits up on rising Li demand
    • China's Ganfeng profits up on rising Li demand Beijing, 12 April (Argus) — Leading Chinese lithium carbonate producer Ganfeng Lithium posted profit of 125mn yuan ($19mn) for 2015, up by 46pc on a year earlier, on revenues of Yn1.4bn, a rise of 56pc on 2014. The company produced 7,000t of
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    • NEWS | 12 Apr 11:24
    • Hedland Mn ore shipments fall in March
    • London, 12 April (Argus) — Manganese ore shipments from Port Hedland in Australia fell almost half (49.8pc) in March this year, compared with the same month in 2015, data from the Port Hedland Port Authority said. There were no recorded manganese ore shipments from Port Hedland in Austra
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    • COMMENTARY | 12 Apr 11:00
    • China RE: Prices flat despite stockpile plans
    • Beijing, 12 April (Argus) — Chinese rare earth prices have remained flat despite the government announcing that it has asked the country's six major RE producers to buy material to create a commercial stockpile. Most producers are taking a wait-and-see approach and lower prices are m
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    • NEWS | 12 Apr 10:14
    • China plans 10,000t tungsten stockpile
    • Beijing, 12 April (Argus) — China's State Reserve Bureau (SRB) has agreed on a national stockpile of 10,000t of tungsten concentrate, but the purchase price has not been set. Market participants expect a price above 73,000 yuan/t ($174/metric tonne unit) and some are hoping for as high
    • Read more
    • NEWS | 12 Apr 10:10
    • Ferrum Crescent completes Spanish Pb/Zn studies
    • Johannesburg, 12 April (Argus) — Iron ore and base metals explorer Ferrum Crescent has completed due diligence studies that could lead to it acquiring two lead and zinc exploration project in Spain. The company has completed its investigations into the Toral and Lago projects in Spain c
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    • COMMENTARY | 12 Apr 09:57
    • China electronic metals: Indium prices fall
    • Beijing, 12 April (Argus) — Chinese indium prices dipped slightly this week on thin spot buying, with indium tin oxide producers purchasing material on a hand-to-mouth basis. Prices for indium metal 99.99pc are at Yn1,430-1,480/kg ($220-227/kg) ex-works today, down by Yn20/kg from last
    • Read more
    • COMMENTARY | 12 Apr 09:36
    • Chinese silicon prices up on tight supply
    • Beijing, 12 April (Argus) — Chinese silicon prices have risen on the domestic market on tighter supply, as demand rises but output remains flat. Spot prices are assessed at Yn10,700-10,800/t ($1,652-1,667/t) delivered to ports for 5-5-3 grade metal and Yn11,200-11,300/t delivered to
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    • COMMENTARY | 12 Apr 09:12
    • China Bi and Mg: Prices rise amid low stocks
    • Beijing, 12 April (Argus) — Bismuth prices have extended gains in recent weeks on the back of firm offers from suppliers. Magnesium producers have raised offer prices after selling off stocks at lower prices. Prices of bismuth 99.99pc grade were assessed higher at Yn60,000-62,000/t ($4
    • Read more
    • COMMENTARY | 12 Apr 08:52
    • Chinese Vanadium prices rising on tight supply
    • Beijing, 12 April (Argus) — Chinese vanadium prices have been rising since the start of March on supply shortages caused by large producers refusing to sell at low prices as they battle high production costs. Most vanadium pentoxide flake producers have kept increasing offer prices in t
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    • COMMENTARY | 12 Apr 08:37
    • Chinese zircon and fused zirconia prices fall
    • Beijing, 12 April (Argus) — Chinese zirconium prices have fallen on the domestic market over the past few days because of reduced buying and lower raw material prices. Prices for 65pc grade zircon (zirconium silicate) sand produced in Hainan fell to 6,100-6,300 yuan/t ($945-976/t) toda
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    • NEWS | 11 Apr 23:00
    • Alcoa predicts softer growth in aluminum demand
    • Houston, 11 April (Argus) — Aluminum producer Alcoa has reduced its forecast for global aluminum demand to 5pc growth in 2016 from the 6pc it projected in the previous quarter. Global demand will rise to 59.7mn t/yr by year's end, a revision down from the 60.5mn t/yr it originally predi
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    • NEWS | 11 Apr 22:28
    • US steel mill shipments edge lower in February
    • Houston, 11 April (Argus) — US steel mill shipments fell by 1.3pc in February from the prior month. Shipments decreased to 6.9mn net tons (6.3mn metric tonnes) in February from 7mn nt in January, the American Iron and Steel Institute said today. Meanwhile, shipments rose by 0.2pc compa
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    • NEWS | 11 Apr 21:54
    • Raw steel decline in Great Lakes offset by south
    • Houston, 11 April (Argus) — US raw steel output increased by 0.4pc in the week ended 9 April from the prior week as decreased production in the Great Lakes region was offset by gains in the south. Output rose to 1.66mn net tons (1.5mn metric tonnes) from 1.65mn nt in the prior week, whi
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    • NEWS | 11 Apr 18:31
    • China steel exporters likely to adapt to AD rules
    • London, 11 April (Argus) — Widespread anti-dumping duties on imports of Chinese steel "will allow [steelmakers] to restore margins in some regions", but Chinese exporters are likely to adapt to the new regulatory landscape and maintain high export volumes, Eric Louvert, senior metals and
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    • NEWS | 11 Apr 17:16
    • Airbus lags Boeing on 1Q orders, deliveries
    • London, 11 April (Argus) — European aircraft manufacturer Airbus significantly lagged US rival Boeing in both civil aircraft orders and deliveries in the first quarter 2016, the companies' records show. In January-March 2016 Airbus delivered 125 aircraft to 49 customers, almost a third
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    • NEWS | 11 Apr 17:16
    • Airbus lags Boeing on Q1 orders, deliveries
    • London, 11 April (Argus) — European aircraft manufacturer Airbus significantly lagged US rival Boeing in both civil aircraft orders and deliveries in the first quarter 2016, the companies' records show. In January-March 2016 Airbus delivered 125 aircraft to 49 customers, almost a third
    • Read more
    • NEWS | 11 Apr 17:12
    • Peru cadmium production up in February
    • Sao Paulo, 11 April (Argus) — Peru's cadmium production was 58t in February - 4t or 7.4pc higher than the 54t in the same month a year earlier, but 7.9pc down against January's output of 63t. In the opening two months of 2016 output ran to 121t, 4.3pc more than a year earlier. For the
    • Read more
    • NEWS | 11 Apr 17:10
    • Peru molybdenum production up in February
    • Sao Paulo, 11 April (Argus) — Molybdenum production in Peru increased 6.3pc in February compared with the same month a year earlier to 1,578t, data from the country's mining ministry said. The ministry publishes figures to the nearest tonne. Output fell 20.4pc against January. Souther
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    • NEWS | 11 Apr 17:09
    • Peru copper output rises sharply in February
    • Sao Paulo, 11 April (Argus) — Copper concentrate production in Peru increased 69.6pc in February compared with the same month a year earlier to 169,114t, data from the country's mining ministry said. The increase was led by a 61.9pc rise in output by Compania Minera Antamina to 38,865t
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    • NEWS | 11 Apr 17:06
    • Peru zinc output falls in February
    • Sao Paulo, 11 April (Argus) — Zinc concentrate production in Peru fell 5.4pc in February compared with the same month a year earlier to 107,003t, data from the country's mining ministry said. Several of the country's mines experienced double digit percentage declines in output in Februa
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    • NEWS | 11 Apr 17:03
    • Peru tin production down in February
    • Sao Paulo, 11 April (Argus) — Peru's tin concentrate production totalled 1,488t in February, 8.4pc down on the same month a year earlier. Output was 25.1pc higher than for January. Lima-based Minsur is Peru's only producer of tin concentrate. The company deploys separate gravity separa
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    • NEWS | 11 Apr 16:39
    • Cancana JV gets new manganese order
    • London, 11 April (Argus) — Canadian mining firm Cancana Resources and private Dutch mining group Ferrometals have received a 4,500t order for high grade manganese from their joint venture Brazil Manganese Corporation (BMC). Cancana and Ferrometals aim to have production a capacity of 5
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    • NEWS | 11 Apr 16:31
    • ZCCM hit by Zambia copper mine losses
    • Johannesburg, 11 April (Argus) — Zambia's major copper investor ZCCM Investment Holdings has today belatedly published its results for the year ended 31 March 2015, showing impairment losses of $94.9mn from Konkola Copper Mines and $93mn from Lubambe Copper Mines respectively. This high
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    • NEWS | 11 Apr 16:15
    • EU extends date on Si AD probe against China
    • London, 11 April (Argus) — The European Commission (EC) has extended its final possible date of investigation into anti-dumping duties against imports of silicon metal from China for three months until 26 August 2016, an official at the Commission said. The Commission had initially give
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    • NEWS | 11 Apr 15:18
    • Gas, mining-rich Peru shifts right in elections
    • Lima, 11 April (Argus) — Voters in gas and minerals-rich Peru shifted to the political right in elections yesterday, choosing two market-friendly candidates who will compete in a 5 June run-off. Former congresswoman Keiko Fujimori pulled in the most votes, with 39.5pc in the latest off
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    • NEWS | 11 Apr 14:52
    • Vedanta increases 2016 copper output
    • London, 11 April (Argus) — Indian diversified mining company Vendanta Resources reported high full year production of copper and aluminium and said that the ramp-up of the first line of the 1.25mn t Jharsuguda-II smelter started at the beginning of April 2016. The company increased its
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    • NEWS | 11 Apr 14:42
    • CP ends effort to merge with Norfolk Southern
    • Houston, 11 April (Argus) — Canadian Pacific (CP) will end efforts to acquire eastern railroad Norfolk Southern (NS) after it appeared to not have any avenue to achieve a friendly acquisition. CP said the decision will allow it to focus on serving its own customers and driving value fo
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    • NEWS | 11 Apr 11:00
    • NdFeB magnet maker Yantai forecasts 1Q profit rise
    • Beijing, 11 April (Argus) — Chinese rare-earth magnet producer Yantai Zhenghai Magnetic Material has guided for an increase in profit in January-March on the back of development of the domestic new energy vehicle sector. Yantai Zhenghai Magnetic Material, located in Yantai in the east
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    • NEWS | 11 Apr 10:30
    • Altura eyes 215,000 t/yr Li project in Australia
    • Johannesburg, 11 April (Argus) — Perth-based lithium prospector Altura Mining has completed a feasibility study supporting the potential for a 12-year mine life operation producing around 215,000 t/yr of spodumene concentrate at its Pilgangoora lithium project in the Pilbara region of We
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    • NEWS | 11 Apr 10:15
    • China’s refined nickel output falls in 1Q 2016
    • China's refined nickel output falls in 1Q 2016 London, 11 April (Argus) — China's refined nickel output totalled 44,190t in January-March down by almost 18pc from 53,700t a year earlier, after four leading nickel producers halted production because of low prices. In March, China's refin
    • Read more
    • NEWS | 11 Apr 09:44
    • China's Citic Pacific ups April FeV tender price
    • Beijing, 11 April (Argus) — Chinese specialty steelmaker Citic Pacific has secured 200t of 50pc grade ferro-vanadium at Yn50,000/t ($15.50/kg) paid by acceptance bill, up by Yn3,600/t compared with the previous paid price of Yn46,400/t. Most ferro-vanadium smelters have raised offer pri
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    • NEWS | 11 Apr 09:38
    • China allocates Sb export quota to China Tin Group
    • Beijing, 11 April (Argus) — China's ministry of commerce (CMC) has allocated an antimony export quota to China Tin Group (CTG) after allocating 41,910t (metal content) to 11 companies in the first batch of export quotas at the end of 2015. China Tin Group had gained the right to export
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    • NEWS | 11 Apr 08:55
    • China steel mills cut FeSi bid prices for April
    • London, 11 April (Argus) — Chinese steel mills have cut their tender prices for buying ferro-silicon for April delivery because of falling demand for steel products. Shandong Iron and Steel will buy around 1,500t of ferro-silicon 72pc at a price of Yn4,700/t ($726/t) delivered and pai
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    • NEWS | 11 Apr 08:39
    • Chinese Mn alloy tender prices keep rising
    • Beijing, 11 April (Argus) — Chinese steelmakers have continued to increase their tender prices for buying Mn alloys because of tight spot supply and higher alloy production costs. Shandong Iron and Steel has increased its tender price for high carbon ferro-manganese 65pc to Yn5,000/t ($
    • Read more
    • NEWS | 08 Apr 22:06
    • Anheuser-Busch opens Missouri aluminum bottle line
    • Houston, 8 April (Argus) — Metal Container, a subsidiary of brewer Anheuser-Busch, today opened a new aluminum bottle line at its Arnold, Missouri, plant. With the $160mn expansion, the company has increased its production capacity to 2,400 bottles per minute from 1,200 bottles per minu
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    • ANALYSIS | 08 Apr 21:21
    • This Week in Metals: 4-8 April
    • Houston, 8 April (Argus) — Prices of most base metals fell in the latest week amid mounting concerns over slowing global growth and further signs the Federal Reserve will be slow to hike its key rate. Prices of crude rose during the week, while the US dollar weakened against a basket of
    • Read more
    • COMMENTARY | 08 Apr 19:34
    • Aluminum alloys flat on abundant cheap units
    • Houston, 8 April (Argus) — Secondary aluminum alloy prices were unchanged this week as inexpensive units remained abundant and smelter-grade scrap prices were flat. The price of A380.1 has stayed at 86-88¢/lb for the past four weeks as sellers report poor traction on higher-priced sales
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    • NEWS | 08 Apr 19:11
    • US brass mill imports in first gain in a year
    • Houston, 8 April (Argus) — US imports and exports of brass mill products rose in February from a year earlier, as imports rose by 1pc and exports nearly doubled from a year earlier. US brass mill products imports totalled 34.3mn lbs in February, up from 34mn lbs the same month last yea
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    • NEWS | 08 Apr 18:25
    • WEEK IN REVIEW: IMF storm warnings
    • London, 8 April (Argus) — A warning from the International Monetary Fund (IMF) this week that global growth was slowing has focused attention on a number of indicators that are pointing to more turbulence ahead. In Europe's biggest economy, German industrial orders fell and globally the
    • Read more
    • NEWS | 08 Apr 17:17
    • Mexico extends steel anti-dumping duties
    • London, 8 April (Argus) — The Mexican economy ministry has extended preliminary anti-dumping duties that it set in October on steel imports from countries with which it does not have a free trade agreement. As such, steel sheet, plate, slab, wire rod, hot-rolled coil (HRC) and cold-rol
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    • NEWS | 08 Apr 16:46
    • US steelmakers file new dumping, subsidy cases
    • Houston, 8 April (Argus) — Three US steelmakers today filed petitions charging that imports of certain carbon and alloy steel cut-to-length plate from 12 countries, including China, Brazil and South Korea, are allegedly being dumped in the US and causing material injury to US industry.
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    • NEWS | 08 Apr 16:33
    • New Antofagasta boss faces tough task
    • Sao Paulo, 8 April (Argus) — New Antofagasta group chief executive Ivan Arriagada will have to tackle challenging copper and molybdenum market conditions after being appointed as successor to the retiring Diego Hernandez. Antofagasta's 2015 profit was down 17.5 pc to $701.7mn as revenue
    • Read more
    • COMMENTARY | 08 Apr 16:27
    • LME copper, aluminum lower on speculative selling
    • London, 8 April (Argus) — London Metal Exchange (LME) copper declined this week as a break below a key technical level triggered stop-loss selling. Aluminium prices were also lower on speculative selling but this was meant with good interest from physical buyers. Copper traded at $4,657
    • Read more
    • COMMENTARY | 08 Apr 16:24
    • LME zinc falls to 3-week low, nickel and tin flat
    • London, 8 April (Argus) — London Metal Exchange (LME) zinc prices fell to a three-week low on a speculative selloff while nickel and tin closed the week barely changed. Zinc prices fell to $1,750/t this week and traded at $1,756.50/t Friday, down from $1,848/t a week ago, as both trader
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    • NEWS | 08 Apr 15:08
    • US lead output, consumption fall in 2015
    • Houston, 8 April (Argus) — US lead mines produced 3.5pc less lead in concentrate in 2015 while output of lead from secondary refineries fell by about 1pc. Production of mined lead totaled 359,000t last year, down from 372,000t the prior year, the US Geological Survey (USGS) said. Canada
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    • NEWS | 08 Apr 14:17
    • Medallion seeks funding for RE extraction tests
    • London, 8 April (Argus) — Vancouver-based Medallion Resources is ready to initiate pilot plant-scale tests of its monazite-based rare earth extraction process if it can secure sufficient funding. Medallion is seeking around $200,000 in equity capital and government sponsored programs to
    • Read more
    • NEWS | 08 Apr 14:10
    • US FeSi imports rise in January 2016
    • London, 8 April (Argus) — US imports of ferro-silicon rose to 28,900t in January this year, from 12,000t a month earlier, data from United States Geological Survey (USGS) said. The US imported most ferro-silicon from Russia in January 2016, with 16,400t of alloy being shipped. The secon
    • Read more
    • NEWS | 08 Apr 11:52
    • Solargise India to build solar manufacturing plant
    • Mumbai, 8 April (Argus) — Solargise India, a unit of UK-based Solargise plans to set up a solar module and cell manufacturing plant in Bengaluru in the southern Indian state of Karnataka. The company plans to develop a 500MW solar photovoltaic module plant and 500MW solar cell manufactu
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    • NEWS | 08 Apr 11:36
    • India's NBVL renews FeCr conversion agreeement
    • London, 8 April (Argus) — Indian ferro-chrome producer Nava Bharat Ventures (NBVL) has renewed its ferro-chrome conversion agreement with domestic counterpart Tata Steel for four years, starting this month. Under the conversion agreement, NBVL will provide around 70,000 t/yr of ferro-ch
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    • NEWS | 08 Apr 10:49
    • Yunnan Xinli to halt Ti sponge production
    • Beijing, 8 April (Argus) — Yunnan Metallurgical Xinli Titanium Industry will halt production of titanium sponge at the end of April because of lower prices, squeezed profit margins and strong competition. The company is expected to produce 100t of titanium sponge in April. It has receiv
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    • NEWS | 08 Apr 10:39
    • Chrome ore stocks rise at Chinese ports
    • Beijing, 8 April (Argus) — Chrome ore stocks at China's ports had risen to 1,316,000t yesterday, from 1,276,700t on 25 March. Stocks at Lianyungang port totalled 400,000t, up by 8,000t compared with 392,000t on 25 March. Stocks at Zhajianggang have declined by 20,000t to 160,000t from 1
    • Read more
    • NEWS | 08 Apr 10:39
    • Chrome ore stocks at Chinese ports rise
    • Beijing, 8 April (Argus) — Chrome ore stocks at China's ports had risen to 1,316,000t yesterday, from 1,276,700t on 25 March. Stocks at Lianyungang port totalled 400,000t, up by 8,000t compared with 392,000t on 25 March. Stocks at Zhajianggang have declined by 20,000t to 160,000t from 1
    • Read more
    • NEWS | 08 Apr 10:27
    • China steelmakers raise HC FeCr tender prices
    • Beijing, 8 April (Argus) — Chinese steel producers Dongbei Special Steel and Henan Xinjinhui Stainless Steel Industry have raised tender prices for buying high-carbon ferro-chrome for April delivery, as a result of tight supply as many producers are reluctant to accept low prices. Ferro
    • Read more
    • NEWS | 08 Apr 10:13
    • Cobalt leads China’s February minor metal imports
    • Cobalt leads China's February minor metal imports Beijing, 8 April (Argus) — China's customs agency has issued import data for minor metals in February, with the largest increase reported for cobalt on domestic tight supply. China imported 334,100kg of cobalt metal in February 2016, up b
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    • NEWS | 08 Apr 09:47
    • China's RE producers post losses on price falls
    • Beijing, 8 April (Argus) — Chinese rare earth producers have released 2015 financial results, including Rising Nonferrous Metals, Shenghe Resources, and Minmetals Rare Earth. Most of the firms posted losses for last year because of falling rare earth prices. Rising Nonferrous Metals, a
    • Read more
    • NEWS | 08 Apr 09:13
    • South 32, Comilog release May Mn ore export prices
    • Beijing, 8 April (Argus) — Australian mining company South 32 and leading French mining group Eramet Comilog have issued manganese ore export prices for China for May shipment, Chinese importers said. South 32 has raised prices for Australian lumpy manganese ore 45.5pc, Fe 5pc to $4.1-4
    • Read more
    • NEWS | 08 Apr 09:02
    • Panoramic to stall Savannah Ni project
    • Johannesburg, 8 April (Argus) — Perth-based base and precious metals developer Panoramic Resources produced a record 2,861t of nickel concentrate at its Savannah project in Western Australia in the March quarter, but also signalled that the operation will be placed on care and maintenanc
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    • NEWS | 08 Apr 08:53
    • China's manganese ore port stocks rise
    • Beijing, 8 April (Argus) — Manganese ore stocks at China's main ports totalled 1.505mn t today, up by 14pc from 1.32mn t on 25 March. There are 1.15mn t of manganese ore stocks at Tianjin port, 320,000t in Qinzhou port, 12,000t in Fangcheng port, 10,000t in Beihai port, 8,000t in Zhanj
    • Read more
    • NEWS | 08 Apr 08:28
    • China steel mills raise Mn alloy April bid prices
    • Beijing, 8 April (Argus) — Chinese steelmakers have raised their tender prices for buying manganese alloys for April delivery in response to tight supply and higher alloy production costs. Shandong Iron and Steel has increased its tender price for silico-manganese 65/17 to Yn5,800/t ($8
    • Read more
    • NEWS | 08 Apr 07:54
    • China steel mills cut FeMo bid prices for April
    • Beijing, 8 April (Argus) — China's leading specialty steel mills, including Baosteel and Nanjing Iron and Steel, have cut their buy tender prices for noble alloy ferro-molybdenum for delivery in April. Baosteel set its tender price at Yn56,500-57,000/t ($14.49-14.62/kg) on a delivered
    • Read more
    • COMMENTARY | 07 Apr 22:39
    • Secondary aluminum scrap prices hold
    • Houston, 7 April (Argus) — Most secondary aluminum scrap prices held unchanged this week as traders described the market as quiet. Old cast scrap, which is in short supply because of low rates of automotive shredding, has remained at 57-59c/lb for the past four weeks. Others such as hig
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    • NEWS | 07 Apr 21:23
    • US launches global aluminum trade study
    • Houston, 7 April (Argus) — The International Trade Commission (ITC) has launched a study that will investigate the causes of aluminum production overcapacity around the world and other factors affecting US industry at the request of the Ways and Means Committee of the House of Representa
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    • NEWS | 07 Apr 20:43
    • Paranapanema launches India copper export drive
    • Sao Paulo, 7 April (Argus) — Paranapanema, Brazil's largest copper producer, has made its first shipment of copper to India. The company shipped 2.5mn Brazilian reals ($677,610) worth of copper wire and rod as part of efforts to open new international markets at a time when Brazil is mi
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    • NEWS | 07 Apr 20:32
    • US aluminum output down, imports up in January
    • Houston, 7 April (Argus) — US production of primary aluminum fell by 25pc in January from a year earlier as technical issues reduced the output of one of three remaining domestic smelters. Production of primary aluminum fell to 106,000 metric tonnes from 142,000t a year earlier, as US
    • Read more
    • NEWS | 07 Apr 18:32
    • Peru San Rafael tin mine faces road blockade
    • London, 7 April (Argus) — Members of the Antauta community living close to the San Rafael tin mine in Peru have blocked the main road to the mine. The mine is owned by Peruvian mining company company Minsur. If the blockade continues the mine will have difficulty continuing to operate.
    • Read more
    • COMMENTARY | 07 Apr 16:54
    • Stainless steel scrap mainly flat in Europe, Asia
    • Houston, 7 April (Argus) — Stainless steel scrap prices were mainly flat in Europe and Asia trading this week amid tight supply and steady buying from mills as terminal nickel prices recovered the prior week's losses. Scrap solids in Rotterdam and Germany traded at 43-45¢/lb for 304 (18
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    • NEWS | 07 Apr 15:26
    • Alcoa nets titanium, bauxite contracts
    • Houston, 7 April (Argus) — Vertically integrated aluminum producer Alcoa has entered into an agreement to provide airplane manufacturer Airbus with 3D-printed titanium fuselage and engine pylon components. The contract will make use of facilities and technologies gained from Alcoa's 201
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    • NEWS | 07 Apr 14:23
    • US copper output rises as demand falls
    • Houston, 7 April (Argus) — US production of mined copper rose by 10pc and output of refined copper increased by 31pc in January from a year earlier while apparent consumption fell and stocks rose by 24pc. Mined output of recoverable copper rose to 122,000t in January from 111,000t the s
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    • NEWS | 07 Apr 14:20
    • Applications for US steel imports up in March
    • Houston, 7 April (Argus) — Applications for total US steel imports rose by 23pc in March from the prior month, while applications for finished steel imports were up by 1pc, according to the American Iron and Steel Institute. Applications for steel imports totaled 2.97mn net tons (2.7mn
    • Read more
    • COMMENTARY | 07 Apr 13:23
    • China's chrome ore prices fall on light restocking
    • Beijing, 7 April (Argus) — Chinese chrome ore prices are sliding in response to limited restocking by ferro-chrome smelters. Spot prices for South African UG2 ore 40-42pc grade were assessed at Yn20-21/mtu ($124-136/t) today, down by Yn2/mtu from 5 April. Import prices for South Afri
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    • COMMENTARY | 07 Apr 13:03
    • China’s cobalt prices fall on imports, low demand
    • China's cobalt prices fall on imports, low demand Beijing, 7 April (Argus) — China's cobalt metal prices have fallen as high imports offset the impact of tighter domestic supply and buying remains slow. Prices for cobalt metal 99.8pc min were assessed at Yn188,000-203,000/t ($13.12-14.1
    • Read more
    • COMMENTARY | 07 Apr 12:42
    • Titanium concentrate prices up on renewed buying
    • Beijing, 7 April (Argus) — Prices for Chinese titanium concentrate have risen in response to tight supply for medium-grade titanium ore and increased buying from titanium dioxide producers. Assessed prices for 46pc grade titanium concentrate have increased to Yn530-540/t ($82-84/t) valu
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    • NEWS | 07 Apr 12:21
    • GTA raises ATP, tungsten carbide guide prices
    • Beijing, 7 April (Argus) — China's Ganzhou Tungsten Association (GTA) has issued its April guide prices for tungsten. GTA has rolled over its guide price for tungsten concentrate at Yn75,000/t ($178/metric tonne unit), but has increased its guide prices for Ammonium Paratungstate (APT)
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    • COMMENTARY | 07 Apr 11:52
    • Chinese ferro-silicon prices stabilise
    • Beijing, 7 April (Argus) — China's ferro-silicon prices have stabilised after falling in late March. Spot prices of ferro-silicon are assessed unchanged at Yn4,250-4,450/t ($655-686/t) ex-works for 72pc grade and Yn4.500-4,600/t ex-works for 75pc grade today. Ferro-silicon producers
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    • NEWS | 07 Apr 11:24
    • China issues more indium export quotas for 2016
    • Beijing, 7 April (Argus) — China's ministry of commerce has allocated another batch of indium quotas for this year, totalling 15,062kg. China issued quotas of 146,638kg in the first batch of this year's allowance on 30 December 2015. The additional quota has been awarded to two compani
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    • NEWS | 07 Apr 11:11
    • China restarts tungsten stockpile buying
    • Beijing, 7 April (Argus) — China's State Reserve Bureau (SRB) has launched a new round of tungsten concentrate stockpile buying. More details are expected to be released tomorrow. The SRB planned to buy 10,000t on a material basis in November 2015 at Yn58,000/t ($135/metric tonne unit)
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    • NEWS | 07 Apr 09:36
    • Tharisa ups chrome and PGM output
    • Johannesburg, 7 April (Argus) — Cyprus-registered chrome and platinum group metals producer Tharisa increased its output of both chrome concentrate and PGMs at its Tharisa mine in South Africa's North West Province in the March quarter. Chrome concentrate output rose to 332,000t from 27
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    • NEWS | 07 Apr 08:52
    • China’s Yinyi Group to hike nickel sulphate output
    • China's Yinyi Group to hike nickel sulphate output Beijing, 7 April (Argus) — Leading Chinese nickel producer Yinyi Group plans to increase nickel sulphate production this year in response to the rapid development of the lithium battery industry. Yinyi, based in Guangxi province, will ex
    • Read more
    • NEWS | 07 Apr 08:35
    • RHA tungsten mine ore to reach surface in April
    • London, 7 April (Argus) — Resource development company Premier African Minerals is nearing completion of a 120 metre vertical shaft at the RHA Tungsten mine in Zimbabwe and expects first ore to reach the surface from the mine's 870 level before the end of April. Improving grades from or
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    • NEWS | 07 Apr 08:30
    • RE review: Market mulls announcement of stockpile
    • Beijing, 7 April (Argus) — Chinese rare earth prices have been rangebound and most producers are waiting for clearer direction in the coming weeks, following news of plans to create a commercial stockpile. Last week the Chinese authorities asked the country's six major rare earth group
    • Read more
    • COMMENTARY | 06 Apr 22:07
    • Aluminum can spreads flat on adequate supply
    • Houston, 6 April (Argus) — Spreads for used aluminum beverage cans (UBCs) were unchanged this week as buyers were confident about short-term supply. UBC prices stayed at 59-61¢/lb for the fourth successive week, or 79-80pc of today's midwest transaction price, basis London Metal Exchang
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    • COMMENTARY | 06 Apr 21:46
    • US aluminum premium firm on growing contango
    • Houston, 6 April (Argus) — The midwest premium for primary aluminum remained steady this week as financing deals became more attractive for traders. The premium was unchanged at 8-8.25¢/lb as the contango between 3-month and cash aluminum steepened, making it easier for traders to cover
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    • NEWS | 06 Apr 21:20
    • US Steel plans non-union job cuts in North America
    • Houston, 6 April (Argus) — Pittsburgh-based US Steel plans to cut approximately 25pc of its non-union workforce in North America because of "challenging market conditions," according to a company spokesperson. US Steel employed 21,000 people in North America during 2015, approximately 1
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    • COMMENTARY | 06 Apr 21:15
    • Bare bright spreads tight amid slow deliveries
    • Houston, 6 April (Argus) — Price spreads for US bare bright copper were unchanged for a third consecutive week amid slow deliveries. Consumer buying price spreads were at level-Comex to 2¢/lb under May delivered. But some dealers are putting out price indications at level-Comex to 2¢/
    • Read more
    • ANALYSIS | 06 Apr 21:09
    • Oversupply to offset nickel demand: ISRI speakers
    • Houston, 6 April (Argus) — Global primary nickel prices are projected to be flat in 2016 amid surplus inventory and capacity, according to speakers at an annual US scrap conference. Prices for primary nickel are expected to remain weak this year as excess London Metal Exchange (LME) sto
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    • NEWS | 06 Apr 20:44
    • Recyclers in historic buying environment: IFAM
    • Houston, 6 April (Argus) — Companies in the US recycling industry with access to capital are now able to acquire assets at the lowest prices in recent memory as falling commodity prices weigh on the industry, an investment professional told a scrap conference. As a result of low commod
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    • COMMENTARY | 06 Apr 20:28
    • US contract ranges sop up cathode demand
    • Houston, 6 April (Argus) — US copper cathode premiums were flat in the latest week as annual contracts continue to absorb spot demand in the tepid market. Premiums for grade A cathodes were at 5.5-6¢/lb, delivered midwest consumer, Wednesday, unchanged for a fifth consecutive week. The
    • Read more
    • COMMENTARY | 06 Apr 18:16
    • Ferrous Scrap: Import price rises above $250/t cfr
    • London, 6 April (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment moved up $7.50/t to $250.30/t cfr Turkey on the back of today's bid and offer indications, and the assessment of two cargoes purchased by Turkish mills yesterday afternoon. Market participants said
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    • COMMENTARY | 06 Apr 17:48
    • Aluminium premiums rise in thin European trade
    • Houston, 6 April (Argus) — Premiums for aluminium traded in Europe rose in the latest week in thin trading and steepening contango in the face of eroding London Metal Exchange prices. The premium on P1020 duty paid aluminium rose to $135-155/t in-warehouse Rotterdam from $135-145/t a we
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    • NEWS | 06 Apr 15:59
    • Schnitzer Steel sees pickup after weak quarter
    • Houston, 6 April (Argus) — US-based recycler Schnitzer Steel Industries anticipates ferrous scrap sales volumes to rise by 10pc in the current quarter amid ongoing volatility after weak export demand in the prior quarter led to ferrous and nonferrous prices falling to multiyear lows. "T
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    • NEWS | 06 Apr 15:56
    • US consumption of FeV falls 8.2pc in January
    • New York, 6 April (Argus) — US consumption of ferro-vanadium fell 8.2pc in January compared with a year earlier and was also down 7.5pc on December, data from US Geological Survey (USGS) said. Ferro-vanadium consumption totaled 223,000kg in January, down from 243,000kg in the year-ago p
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    • NEWS | 06 Apr 15:48
    • US military sells 640st of FeCr in March
    • New York, 6 April (Argus) — The US defence department's procurement arm, the Defense Logistics Agency (DLA), sold a total of 640 short tons (st) of ferro-chrome in March for about $793,000. The sale included 140st of low carbon material and 500st of high carbon ferro-chrome. It was not
    • Read more
    • NEWS | 06 Apr 15:34
    • Codelco targets $6bn spending cuts before 2020
    • Sao Paulo, 6 April (Argus) — Codelco, Chile's state controlled copper molybdenum mining company has said it will cut spending by around $6bn before the end of the decade. Around $2bn of the savings will come from a cost cutting drive, while the remaining $4bn is related to postponements
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    • COMMENTARY | 06 Apr 15:32
    • Mill-grade aluminum scrap spreads widen
    • Houston, 6 April (Argus) — ed on some items as buyers stayed out of the market, awaiting lower prices. Prices for some aluminum scrap grades are little changed, as mills hold back on buying, waiting for primary aluminum and consequently scrap to drop again, said one trader. London Meta
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    • NEWS | 06 Apr 13:02
    • China's Mn producer CITIC posts loss for 2015
    • Beijing, 6 April (Argus) — China's second largest manganese producer CITIC Dameng Mining Industries has reported a loss of HK$956mn ($123mn) for 2015 compared with a profit of HK$15.5mn a year earlier, on revenues of HK$2.517bn, down by 21pc from 2014. The poorer performance was the res
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    • NEWS | 06 Apr 10:57
    • Consmin upbeat on manganese ore market
    • London, 6 April (Argus) — Australia's Consolidated Minerals (Consmin) reckons remedial action among manganese ore producers to tackle oversupply, as well as moves on Beijing to address steel and manganese alloy production overcapacity, should lead to a more balanced market. The company
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    • NEWS | 06 Apr 10:40
    • China allocates REE production quotas
    • Beijing, 6 April (Argus) — China's ministry of industry and information technology has announced a quota of 52,500t rare earth oxide (REO) for rare earth mining products and 45,000t for smelting and separation products. The production quotas will be allocated to the country's six rare
    • Read more
    • ANALYSIS | 06 Apr 09:50
    • India overview: SiMn exports falling
    • Mumbai, 6 April (Argus) — Silico-manganese prices were flat over the past week. Indian silico-manganese exports have fallen because of strong competition and unfavourable rupee exchange rates. Silicon metal prices are expected to rise on tight supply as domestic manufacturers are forced
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    • NEWS | 06 Apr 09:42
    • Vital Metals flags tungsten project readiness
    • Johannesburg, 6 April (Argus) — Perth-based base and precious metals developer Vital Metals has declared its Watershed tungsten project in north Queensland to be "development ready." All major approvals have been received, complementing a completed definitive feasible study. Approvals i
    • Read more
    • NEWS | 05 Apr 22:17
    • Outokumpu restructures, plans job reductions
    • London, 5 April (Argus) — Finnish stainless steel company Outokumpu said that under current market conditions it is far less profitable than it could be and announced a set of measures designed to change this, including making the Americas a major focus for growth, reducing head count by
    • Read more
    • NEWS | 05 Apr 21:56
    • US court upholds aluminum extrusion duty scope
    • Houston, 5 April (Argus) — The US Court of International Trade has upheld a final scope ruling by the Commerce Department pertaining to antidumping and countervailing duties on aluminum extrusions from China. In an opinion filed late last week, chief judge Timothy Stanceu denied claims
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    • NEWS | 05 Apr 20:45
    • Crystallex wins battle over Venezuelan mine
    • Caracas, 5 April (Argus) — The International Centre for Settlement of Investment Disputes (Icsid) yesterday awarded Canadian gold mining company Crystallex International almost $1.4bn in compensation for the 2008 expropriation of its Las Cristinas gold mine in Bolivar state. Crystallex
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    • NEWS | 05 Apr 18:33
    • US ferrous scrap exports level off in February
    • Houston, 5 April (Argus) — Ferrous scrap exports from the US fell by 2.8pc in February from the same month a year earlier, as declines in shipments to Turkey and Taiwan outstripped gains in volumes to India and South Korea. Commerce Department data today showed ferrous scrap exports fel
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    • NEWS | 05 Apr 18:25
    • Sapa opens aluminum research lab near Detroit
    • Houston, 5 April (Argus) — Norwegian aluminum extrusion joint venture Sapa has opened a new research and development (R D) laboratory near Detroit. Based in Troy, Michigan, Sapa Technology Americas, which opened its doors yesterday, is focused on products and processes related to alumin
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    • NEWS | 05 Apr 17:23
    • Amur Minerals receives upgrade for Kun-Manie
    • London, 5 April (Argus) — AIM-listed junior mining company Amur Resources which is developing the Kun-Manie nickel project in Far East Russia has received an upgrade from an independent resource study. The new resources estimate said that the nickel equivalent for Kun-Manie is 958,000t
    • Read more
    • COMMENTARY | 05 Apr 16:31
    • Premiums for European cathodes flat to lower
    • Houston, 5 April (Argus) — Premiums for grade A copper cathodes in-warehouse Rotterdam were flat to $5/t lower in the latest week, amid tepid activity. Grade A cathodes traded at $45-55t in-warehouse Rotterdam, down from $50-55/t a week earlier. Premiums for off- grade cathodes held unc
    • Read more
    • NEWS | 05 Apr 15:19
    • Capstone Mining meets copper output target
    • Houston, 5 April (Argus) — Vancouver-based Capstone Mining produced 24,600t of copper in the first quarter, which "comfortably met" its annual guidance. Its Pinto Valley mine in Arizona produced 16,400t of copper concentrate and cathodes while its Cozamin mine in Mexico produced 3,700t
    • Read more
    • COMMENTARY | 05 Apr 10:54
    • LME minors: Cobalt eases amid low key fundamentals
    • London, 5 April (Argus) — London Metal Exchange (LME) cobalt has eased in the past week, paring gains from late March amid a rise in warehouse stock levels and muted trading activity on the physical market. LME cash cobalt on the trading platform settled at $22,300/22,500/t, from $23,000
    • Read more
    • NEWS | 05 Apr 10:14
    • Chinese steel mill cuts manganese buy tender price
    • Beijing, 5 April (Argus) — Wuhan Iron and Steel (Wisco), one of China's largest steelmakers, has issued its buy tender prices for manganese briquette 97pc at Yn11,250/t($1,730/kg) delivered and paid by acceptance bill for April delivery, Yn300/t lower than the last purchase in March. The
    • Read more
    • NEWS | 05 Apr 10:03
    • Mn ore mining firm CML releases operating results
    • Beijing, 5 April (Argus) — Jersey-based Consolidated Minerals (CML), a leading manganese ore producer with mining operations in Australia and Ghana reported 2015 operating results yesterday. CML's manganese ore shipments totalled 2.7mn dry tonnes last year, a decline of 4pc from 2.8mn
    • Read more
    • COMMENTARY | 05 Apr 09:48
    • China overview: Rare earths market steady
    • Beijing, 5 April (Argus) — The Chinese rare earth market got off to a quiet start after public holidays on 2-4 April. Most producers and consumers are keenly watching developments after the Chinese authorities last week asked the country's six major rare earth groups to buy material to c
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    • ANALYSIS | 05 Apr 09:18
    • Indian manganese ore prices to rise
    • London, 5 April (Argus) — Indian manganese ore mining firms are expected to increase their offer prices by 10-20pc on increased activity in the manganese alloy market and a rise in manganese ore prices from India's largest producer Moil. Moil has hiked the price of manganese ore by 10-5
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    • NEWS | 05 Apr 09:15
    • Vanchem stops supplying vanadium products
    • London, 5 April (Argus) — South African vanadium-focused producer Vanchem Vanadium Products has retrenched most of its staff and is in business rescue as a direct result of the demise of Evraz Highveld Steel and Vanadium and raw material subsidiary, Mapochs Mine. Spokesman Alex Oehmen s
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    • NEWS | 05 Apr 08:59
    • Apple conflict free minerals work praised
    • Sao Paulo, 5 April (Argus) — US technology giant Apple has won praise from campaign group Global Witness for its latest conflict minerals report. Apple said it is now auditing 100pc of suppliers for the use of conflict minerals linked to violent militia groups in the Democratic Republic
    • Read more
    • NEWS | 05 Apr 08:37
    • Largo sees large vanadium market deficit in 2016
    • Sao Paulo, 5 April (Argus) — Canada's Largo Resources, which produces vanadium at the Maracas Menchen mine in Brazil's northern Bahia state has said the market could see a 10,000t supply deficit this year, amid production plant shutdowns and increased Chinese imports of non-vanadium bear
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    • NEWS | 04 Apr 21:11
    • South decline leads US raw steel output lower
    • Houston, 4 April (Argus) — US raw steel output fell by 1.5pc to 1.65mn net tons (1.5mn metric tonnes) in the week ended 2 April from the prior week, led by a 6.9pc decline in production in the south. Output fell from 1.67mn nt in the prior week, ended 26 March, while capacity utilizatio
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    • NEWS | 04 Apr 19:54
    • Essar Steel Algoma attracts multiple bidders
    • Houston, 4 April (Argus) — Canadian steelmaker Essar Steel Algoma has received "several bids" for its facilities after entering phase two of its investment solicitation process at the end of last week. During phase two, bidders visit facilities, meet with company management, have access
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    • COMMENTARY | 04 Apr 19:44
    • European aluminium ingot prices rise
    • Houston, 4 April (Argus) — European and UK secondary aluminum ingot prices strengthened in the past week, amid rising demand from construction, aerospace and auto industries and a weakening pound sterling that boosts the competitiveness of UK material in the Eurozone. In Germany, DIN 22
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    • NEWS | 04 Apr 19:08
    • US sets duties on steel pipe imports from Pakistan
    • Houston, 4 April (Argus) — The US has set preliminary countervailing duties on imports of circular welded carbon quality steel pipe from Pakistan. The Commerce Department today determined that producers of these products in Pakistan are benefiting from unfair government subsidies, and w
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    • COMMENTARY | 04 Apr 18:01
    • Scrap freight rates unchanged from Europe and USEC
    • London, 4 April (Argus) — Freight rates for scrap cargoes on Supramax vessels from US east coast ports and European ports heading to Turkey were unchanged over the past week, with a lack of fixtures for vessels and no significant alterations in tonnage levels keeping voyage rates stable.
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    • NEWS | 04 Apr 17:39
    • Global Mn alloy output mixed in February
    • London, 4 April (Argus) — Global production of manganese alloys was mixed in all grades in February this year on a month-on-month and year-on-year basis against a low key recovery in demand, according to data from the International Manganese Institute (IMnI). Global silico-manganese pro
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    • NEWS | 04 Apr 17:33
    • Global Mn ore output slide persists
    • London, 4 April (Argus) — Global manganese ore production dropped for the third month in a row in February this year, but excess supply levels are dropping as a result, said data from the International Manganese Institute (IMnI). World ore production was 3.3mn wet metric tonnes (wmt) in
    • Read more
    • NEWS | 04 Apr 17:19
    • Russia postpones Ukraine anti-damping decision
    • London, 4 April (Argus) — The Department for the Protection of the Domestic Market of the Eurasian Economic Commission, an economic alliance between Russia, Kazakhstan and Belarus, has decided to extend an anti-dumping investigation against Ukrainian suppliers of silico-manganese until J
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    • NEWS | 04 Apr 17:19
    • Russia postpones Ukraine anti-dumping decision
    • London, 4 April (Argus) — The Department for the Protection of the Domestic Market of the Eurasian Economic Commission, an economic alliance between Russia, Kazakhstan and Belarus, has decided to extend an anti-dumping investigation against Ukrainian suppliers of silico-manganese until J
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    • NEWS | 04 Apr 16:56
    • Norilsk signs $800mn credit for copper project
    • London, 4 April (Argus) — Russian nickel and palladium producer Norilsk Nickel has signed a credit facility with Russia's Sberbank for up to $800mn for the period of eight years to finance the construction of the Bystrinskoye mine and concentration plant. The credit facility is in the f
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    • NEWS | 04 Apr 16:40
    • Chile molybdenum production up in February
    • Sao Paulo, 4 April (Argus) — Chile's molybdenum concentrate production was 5,278t in February, 57.2pc higher than the 3,357t produced in the same month a year earlier, data from the national statistics institute (INE) said. Output was up 6.7pc against January's 4,9481t. Production was
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    • NEWS | 04 Apr 15:54
    • US EPA announces new Cd water quality regulations
    • London, 4 April (Argus) — The US Environmental Protection Agency (EPA) has announced new ambient water quality criteria for cadmium, citing adverse effects on the growth, reproduction and health of humans and aquatic organisms. Updating regulations originally published in 2001, the EPA
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    • NEWS | 04 Apr 15:04
    • Reliance Steel acquires Best Manufacturing
    • Houston, 4 April (Argus) — US service center Reliance Steel and Aluminum has acquired all outstanding capital stock of Arkansas-based metal fabricator Best Manufacturing. The company generated $20mn in sales last year and will operate as a wholly owned subsidiary of Reliance. Current ma
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    • NEWS | 04 Apr 13:25
    • Ferro-alloy units at Jindal industrial park halted
    • Mumbai, 4 April (Argus) — Three ferro-alloy units and about 24 ingot producers at Jindal industrial park in Raigarh in the central Indian state of Chhattisgarh have suspended production because of a temporary power outage. Jindal Steel and Power (JSPL) which provides power to the Jinda
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    • NEWS | 04 Apr 13:03
    • Caravel Minerals declares maiden Cu resource
    • Johannesburg, 4 April (Argus) — Perth-based copper explorer Caravel Minerals has declared a maiden ore resource of 251mn t grading 0.34pc copper at its Calingiri project in Western Australia. The mineral resource is estimated to contain 844,300t of copper at a cut-off grade of 0.25pc. T
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    • NEWS | 04 Apr 12:41
    • Mt Cattlin Li concentrate production starts
    • London, 4 April (Argus) — Lithium concentrate production has started at Mt Cattlin hard rock tantalum-lithium project in Australia, mining company Galaxy Resources said. An initial 5-week programme will recover and stockpile spodumene and tantalum concentrates from the fines circuit ahe
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    • NEWS | 04 Apr 12:20
    • Strandline flags Tanzania heavy minerals resource
    • Johannesburg, 4 April (Argus) — Australian heavy minerals and base metals developer Strandline Resources has declared a maiden ore resource of 60mn t grading 3.7pc total heavy minerals at its Tanga South project in Tanzania. The company said the project's Tajiri prospect has an indicate
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    • NEWS | 04 Apr 12:02
    • Nevsun expects first Bisha zinc sale end of 3Q
    • London, 4 April (Argus) — Toronto-listed mining company Nevsun Resources said cold commissioning on its Bisha Zinc expansion in Eritrea is underway but hot ore commissioning has been delayed by a month because of additional copper processing. The company expects the first sale of zinc t
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    • COMMENTARY | 01 Apr 23:07
    • Ferrous scrap eyes $40 gain after Detroit nets $50
    • Houston, 1 April (Argus) — Ferrous scrap prices in Chicago and Indiana are expected to rise by at least $40/gross ton for April deliveries after trading concluded in Detroit at increases of $50/gt late Friday. The Argus No. 1 busheling price for Detroit settled at $240/gt, shredded sc
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    • ANALYSIS | 01 Apr 22:45
    • This Week in Metals: 28 March-1 April
    • Houston, 1 April (Argus) — The US Federal Reserve signaled interest rate increases would be slow to materialize this year, fueling weakness in the dollar that helped spur gains in equities and selected commodities. Data on Friday showed US factory activity growing for the first time si
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    • NEWS | 01 Apr 22:31
    • MSCI calls for action on China steel overcapacity
    • Houston, 1 April (Argus) — The US-based Metals Service Center Institute (MSCI) urged the US Trade Representative's Office to work with trading partners to target steelmaking overcapacity in China and other countries and alleged use of unfair trade practices by those countries. "It is im
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    • NEWS | 01 Apr 22:15
    • US ferrous scrap consumption falls in 2015
    • Houston, 1 April (Argus) — US iron and steel scrap consumption fell by 7.8pc in 2015 compared to the prior year as steel producers battled cheap steel imports and low capacity utilization rates. Steel producers consumed 48.3 million metric tonnes of scrap in 2015 compared to 52.4mn t in
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    • NEWS | 01 Apr 21:23
    • US Cr consumption falls with stainless output
    • New York, 1 April (Argus) — US consumption of chrome by content fell by 5.2pc in January from a year earlier amid cuts to stainless steel production. The US consumed 20,200t of chrome by weight in January, down from 21,300t in the same month last year, according to data from the US Geol
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    • NEWS | 01 Apr 21:07
    • Anheuser-Busch begins work on aluminum bottle line
    • Houston, 1 April (Argus) — Brewer Anheuser-Busch has broken ground on a new $175mn aluminum bottle line at its Metal Container Corporation facility in Jacksonville, Florida. The expansion will increase aluminum bottle output for Budweiser and Bud Light product lines and is expected to c
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    • NEWS | 01 Apr 21:00
    • US car sales fell by 5.5pc in March: Autodata
    • Houston, 1 April (Argus) — The pace of US retail auto sales fell by 5.5pc to an annual rate of 16.57mn units in March, the slowest pace in more than a year, as declines in car sales outstripped a drop in truck sales. Sales of light vehicles last month were down from 17.54mn units in Feb
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    • COMMENTARY | 01 Apr 20:02
    • Rising scrap hits secondary aluminum alloy margins
    • Houston, 1 April (Argus) — Unchanged secondary aluminum alloy sales prices through March has hurt producer margins as scrap costs rose on tight supply. Producer attempts to find traction for higher-dollar sales on A380.1 failed to find buyer support as enough spot market material was ma
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    • NEWS | 01 Apr 19:43
    • Novelis taps Satpute for senior vice president
    • Houston, 1 April (Argus) — Atlanta-based rolled aluminum producer Novelis has appointed Sachin Satpute to serve as the company's senior vice president and president of Asia, effective 1 June. Satpute will succeed Shashi Maudgal, who is retiring after serving in various roles with Noveli
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    • COMMENTARY | 01 Apr 19:41
    • Supply tightness raises US FeSi prices
    • New York, 1 April (Argus) — Ferro-silicon prices increased this week and hit a near four-month high due to a supply squeeze. US ferro-silicon (Si 75pc) prices rose to 69-71¢/lb this week from 69-70¢/lb a week earlier. Prices crossed the 70¢/lb line for the first time since 17 December
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    • NEWS | 01 Apr 19:34
    • Oil futures: Prices drop on Saudi comments: CX
    • Corrects month for Brent-WTI spread to June. Houston, 1 April (Argus) — WTI crude futures fell by 4pc today after reports that Saudi Arabia will only freeze its output at January levels if major world producers, including Iran, also adopt the strategy. Nymex May light, sweet crude
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    • COMMENTARY | 01 Apr 19:31
    • US export aluminum scrap rises on tight supply
    • Houston, 1 April (Argus) — Prices of US aluminum scrap for export to Asia rose in the latest week amid tightening supply and gains in London Metal Exchange prices of aluminum. Prices of zorba, 94pc metallic with 3-4pc red metal content, rose to 61-62¢/lb this week from 60-61¢/lb cif Chi
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    • NEWS | 01 Apr 19:20
    • Oil futures: Prices drop on Saudi comments
    • Houston, 1 April (Argus) — WTI crude futures fell by 4pc today after reports that Saudi Arabia will only freeze its output at January levels if major world producers, including Iran, also adopt the strategy. Nymex May light, sweet crude futures fell by $1.55/bl to $36.79/bl. Ice June B
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    • COMMENTARY | 01 Apr 18:47
    • Ferritic stainless scrap rises on steel gains
    • Houston, 1 April (Argus) — Prices of stainless steel scrap with no nickel content rose in the latest week, reflecting hikes in ferrous scrap prices and tightening of scrap supply. Type 409/410 ferritic scrap solids traded at $200-250/gt Friday, up from $175-225/t a week earlier while ty
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    • NEWS | 01 Apr 18:06
    • Shenmu Dongfeng expands Mg alloy production
    • Beijing, 1 April (Argus) — China's Shenmu Dongfeng Magnesium is planning to build a 20,000 t/yr magnesium alloy production line, after the launch of a 8,000 t/yr line at the end of last year. The new production line is scheduled for completion in November. The company has extended its
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    • NEWS | 01 Apr 17:43
    • Voestalpine signs HBI agreement with Tyasa
    • Houston, 1 April (Argus) — Austria-based steelmaker Voestalpine has signed an offtake agreement with Mexican steel producer Talleres y Aceros (Tyasa) for hot briquetted iron (HBI) that is scheduled to be produced at Voestalpine's direct reduction plant in Texas. Production at the facili
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    • NEWS | 01 Apr 17:24
    • No end in sight for Brazil's industrial downturn
    • Sao Paulo, 1 April (Argus) — Brazilian industrial production contracted by nearly 10pc in February compared with a year earlier, as the country's recession continued, national statistics institute IBGE said. Output fell for the 24th consecutive month in February, dropping by 2.5pc compa
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    • NEWS | 01 Apr 17:05
    • China to start commercial REE stockpiles
    • Beijing, 1 April (Argus) — China's authorities have asked the country's six major rare earth groups to buy material to create a commercial stockpile in order to reform the supply-side structure of the industry. Other reform measures will also be carried out in the short term in order to
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    • NEWS | 01 Apr 16:50
    • Yunnan Germanium revenues down in 2015
    • Beijing, 1 April (Argus) — Yunnan Germanium, one of the largest germanium producers in China, has reported revenue at Yn402mn ($61.85mn) in 2015, down from Yn555mn in the same period a year earlier. The company's profit was Yn61mn in 2015, down 51.2pc compared with Yn125mn in 2014. The
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    • COMMENTARY | 01 Apr 16:30
    • US FeB, FeW prices stabilize on flat demand
    • New York, 1 April (Argus) — US ferro-tungsten prices stabilized this week as reduced offshore supply offset flat demand from US steel mills. Ferro-tungsten (W 75pc) prices were flat at $12.50-13.00/lb this week on thin trading, after falling by 37.5¢/lb a week earlier. Prices dropped in
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    • COMMENTARY | 01 Apr 16:19
    • Noranda Aluminum losses widen in 2015
    • Houston, 1 April (Argus) — Losses of Tennessee-based smelter Noranda Aluminum increased nearly ten-fold in 2015 from a year earlier. Losses grew to $260mn last year from $26.6mn in 2014, according to a filing with the Securities and Exchange Commission. Goodwill impairments made up $137
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    • ANALYSIS | 01 Apr 15:59
    • Manufacturers purchasing rises as stocks decline
    • London, 1 April (Argus) — Manufacturers in China, the US and Europe reported a slight increase in March purchases of raw materials such as metals, as their stocks continued to fall. The monthly Caixin Chinese manufacturing purchasing managers' index (PMI) was 49.7 in March, up from 48
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    • COMMENTARY | 01 Apr 15:23
    • LME zinc higher on China PMI, nickel lower
    • London, 1 April (Argus) — London Metal Exchange (LME) zinc rallied sharply after China's Purchasing Managers' Index for the manufacturing sector showed a surprise increase to 50.2, indicating that the sector is expanding again. Zinc futures traded at $1,847/t from $1,780.50 a week ago w
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    • COMMENTARY | 01 Apr 14:45
    • US noble alloy prices feel supply pressure
    • New York, 1 April (Argus) — US ferro-molybdenum prices increased this week amid further tightness of prompt delivery material. Ferro-molybdenum (Mo 65pc) prices rose for a second consecutive week to $6.60-6.80/lb from $6.50-6.70/lb a week earlier. Prices have begun to rally after three
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    • NEWS | 01 Apr 13:55
    • STB exemption case will be tough fight
    • Houston, 1 April (Argus) — The Surface Transportation Board's (STB) move to review the list of commodities exempt from regulation will trigger a dogfight between carriers happy with the status quo and shippers that see a crack in the door to push for broader changes. STB announced last
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    • NEWS | 01 Apr 13:52
    • Baosteel raises HC FeCr tender price in April
    • Beijing, 1 April (Argus) — Baosteel, one of the largest stainless steelmakers in China, has raised its high carbon ferro-chrome tender price for requirements in April. The tender price is Yn4,780/t ($0.67/Ib) delivered plus VAT and payment by cash, up Yn100/t compared with the previous
    • Read more
    • NEWS | 01 Apr 13:46
    • Tsingshan launches new Indonesia NPI project
    • Beijing, 1 April (Argus) — China's Tsingshan Group has launched phase 2 of its nickel pig iron (NPI) and stainless steel project in Indonesia. Phase 2 has an extra capacity of 600,000 t/yr of NPI, said the company. The expansion has been delayed by three months due to technical issues
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    • NEWS | 01 Apr 13:13
    • US import data shows mixed results in Mn alloy
    • London, 1 April (Argus) — The US imported 27,300t of silico-manganese and 17,300t of ferro-manganese in September last year, data from the United States Geological Survey (USGS) said. This is the latest data released by USGS on these imports. This is compared with 17,600t of silico-mang
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    • NEWS | 01 Apr 12:24
    • Tesla unveils new Model 3 electric car
    • London, 1 April (Argus) — US manufacturer Tesla Motors has unveiled its latest car, the lower-cost Model 3, as it attempts to move away from high-end vehicles to mass-produced, mass-market battery-powered ranges. Projected demand for lithium-ion batteries from the company's expanding el
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    • NEWS | 31 Mar 22:29
    • Steel caucus urges Obama to enforce trade laws
    • Houston, 31 March (Argus) — The US congressional steel caucus today called on President Barack Obama to ensure that the Commerce Department and other government agencies take full advantage of "enhanced tools" provided by recently passed trade legislation to help address the "illegal" tr
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    • NEWS | 31 Mar 21:56
    • Tronox increases TiO2 prices for April
    • New York, 31 March (Argus) — Connecticut-based titanium dioxide and chemicals producer Tronox today has raised its titanium dioxide prices effective starting 1 April. The producer raised prices by $175/mt in the US and €175/mt for European markets for all Tronox titanium dioxide grades
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    • COMMENTARY | 31 Mar 21:53
    • Oversupply outpaces US demand for FeTi
    • New York, 31 March (Argus) — US ferro-titanium prices fell this week as supply outpaced demand. US ferro-titanium (Ti 70pc) declined for a third week to $1.55-1.70/lb from $1.60-1.70/lb a week earlier. Prices have fallen for three consecutive weeks as aggressive offers and oversupply pu
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    • COMMENTARY | 31 Mar 21:43
    • Secondary aluminum scrap prices rise
    • Houston, 31 March (Argus) — Secondary aluminum scrap prices increased this week on specific grades as supply tightness was alleviated by falling prices of mill-grade scrap. Prices for some secondary grades drew close to their mill-grade qualities this week. Secondary mixed low copper cl
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    • COMMENTARY | 31 Mar 20:59
    • Stainless steel scrap mixed in Europe trade
    • Houston, 31 March (Argus) — Stainless steel scrap prices were flat to higher this week in Europe amid shortage of material, bucking a $270/t drop in nickel prices on the London Metal Exchange. Scrap in Rotterdam and Germany traded at 43-45¢/lb for 304 (18-8) scrap solids, unchanged fro
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    • COMMENTARY | 31 Mar 20:54
    • Market mixed for US FeCr on minimal demand
    • New York, 31 March (Argus) — US high carbon ferro-chrome prices fell this week amid thin trading and abundant supply. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices declined to 89-93¢/lb this week from 90-94¢/lb a week earlier. Prices have stumbled in recent weeks on oversupply of
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    • COMMENTARY | 31 Mar 20:46
    • US Mn alloys firm on tightening market
    • New York, 31 March (Argus) — US high-carbon ferro-manganese prices increased this week as global production cuts limited supply. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices increased to $800-820/gt from $790-810/gt a week earlier. Average prices have surpassed the $800/gt mark
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    • NEWS | 31 Mar 18:04
    • US iron ore shipments, production fall in 2015
    • Houston, 31 March (Argus) — US domestic iron ore shipments decreased by 24.7pc in 2015 from a year earlier while production dropped by 20.6pc amid shutdowns and production curtailments at iron ore mines. Iron ore shipments fell to 40.7mn metric tonnes from 54.1mn t, while iron ore mine
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    • NEWS | 31 Mar 14:46
    • US launches probe of South Korean phosphor copper
    • Houston, 31 March (Argus) — The US launched an antidumping investigation into imports of phosphor copper from South Korea which last year were valued at an estimated $4.3mn. The Commerce Department initiated the probe yesterday at the request of Metallurgical Products. The US Internatio
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    • NEWS | 31 Mar 14:14
    • US steel import license requests rise in March
    • Houston, 31 March (Argus) — US steel import license requests for March were up by 8pc from the prior month on an increase in requests for steel blooms, billets and slabs. Requests for all steel mill products rose to 2.4mn tonnes from 2.2mn t the prior month, according to data provided
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    • NEWS | 31 Mar 11:22
    • Brazilian foundry industry stuck in doldrums
    • Sao Paulo, 31 March (Argus) — Brazilian foundry production fell 24.1pc to 157,488t in February from 207,557t in the same month of 2015, data from trade association Abifa said. Production rose 1.1pc against January's total of 155,711t. Foundry output in the opening two months of 2016
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    • NEWS | 31 Mar 11:16
    • S Africa PGM/chrome tailings plant on track
    • Johannesburg, 31 March (Argus) — Mining and metals company Jubilee Platinum expects to have South Africa's biggest platinum group metals and chromite tailings beneficiation plant fully operational by the end of this year. The company said it is on track with adopting a four-phase approa
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    • NEWS | 31 Mar 10:19
    • Chile copper output edges up in February
    • Sao Paulo, 31 March (Argus) — Chile's copper concentrate production in February edged up 0.2pc against the same month a year earlier, data from the national statistics institute (INE) said. Output was 449,539t compared with 448,527t twelve months earlier. An extra working day in Februa
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    • COMMENTARY | 30 Mar 22:17
    • Aluminum can spreads unchanged as supply eases
    • Houston, 30 March (Argus) — Used aluminum beverage can (UBC) spreads were unchanged this week amid ample supply. UBC prices remained at 59-61¢/lb for the third successive week or 79-80pc of Wednesday's midwest transaction price basis the cash aluminum settlement on the London Metal Exch
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    • COMMENTARY | 30 Mar 22:05
    • Bare bright spreads hold ground
    • Houston, 30 March (Argus) — US bare bright copper scrap price spreads were unchanged this week amid limited demand for spot material. Consumer buying price spreads for bare bright were at level-Comex to 2¢/lb under May delivered for a second successive week. A few inquiries were made a
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    • NEWS | 30 Mar 21:57
    • New copper mines drive up Peru power demand
    • Lima, 30 March (Argus) — Peru's electricity consumption jumped by double digits in February on the back of surging copper production. Electricity generation grew by 14pc to 4,221GWh in February alone. Hydroelectric output increased by 13.6pc, while thermal generation increased by 14.5p
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    • COMMENTARY | 30 Mar 21:55
    • US aluminum premium climbs on supply squeeze
    • Houston, 30 March (Argus) — The US midwest premium for primary aluminum rose for a second successive week as financing deals restricted supply. The premium increased to 8-8.25¢/lb from 7.9-8¢/lb a week earlier, with some offers at 8.50¢/lb. The gap between three-month and cash prices h
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    • COMMENTARY | 30 Mar 20:31
    • Copper premiums flat amid tepid demand
    • Houston, 30 March (Argus) — US copper cathode premiums remained unchanged in the latest week amid weak demand for spot orders. Introduction paragraph Premiums for grade A copper cathodes were at 5.5-6¢/lb, delivered midwest consumer, unchanged for a fourth consecutive week. A slight up
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    • NEWS | 30 Mar 18:55
    • Zaphorozhye Ferroalloy Plant signs new labour deal
    • London, 30 March (Argus) — Ukrainian ferro-alloy producer Zaporozhye Ferroalloy Plant signed a new labour agreement for 2016-2017 with local unions agreeing to increase social payments 2016 by 11.3pc on the year to 22.6mn hryvna ($858,500). These payments cover incentives and compensati
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    • COMMENTARY | 30 Mar 18:53
    • Mill grade aluminum scrap spreads mixed
    • Houston, 30 March (Argus) — Mill-grade aluminum scrap traded in a mixed market this week as spreads for extrusion grades widened while others stayed flat. London Metal Exchange cash aluminum settled at $1,473/t (66¢/lb) Tuesday, down from $1,481/t (67¢/lb) a week earlier. Some grades o
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    • COMMENTARY | 30 Mar 18:43
    • European aluminium premiums mixed in thin trade
    • Houston, 30 March (Argus) — Stable prices on the London Metal Exchange and thin trading during the holiday-shortened week kept premiums on duty unpaid aluminium flat while duty paid fell by $5/t. The P1020 duty paid premium fell to $135-145/t in-warehouse Rotterdam from $140-150/t the p
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    • COMMENTARY | 30 Mar 17:48
    • Ferrous Scrap: Collection concerns delay May offer
    • London, 30 March (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment remained flat at $229.30/t cfr Turkey with no deep-sea deals, bids or offers understood to have been made today. A US supplier who sold a 40,000t Marmara bound consignment also sold another cargo
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    • NEWS | 30 Mar 17:42
    • Outokumpu collects on Calvert outage
    • Houston, 30 March (Argus) — Finnish-based stainless steel producer Outokumpu has negotiated a final insurance payout for a machinery breakdown incident in 2014. The machinery breakdown incident occurred at the company's Calvert mill, located in the US, and the company said today it will
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    • NEWS | 30 Mar 17:26
    • Daqo posts record quarterly polysilicon production
    • London, 30 March (Argus) — China-based polysilicon and wafer producer Daqo New Energy has reported record quarterly polysilicon production and external sales volumes above previous guidance as demand was strong in the fourth quarter and full year 2015. Daqo said that it had reached a r
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    • NEWS | 30 Mar 17:15
    • Highveld to be wound down over three years
    • Johannesburg, 30 March (Argus) — The business rescue practitioners of Evraz Highveld Steel Vanadium (Highveld) said today that they will be winding down the company in a process that is expected to take up to three years to complete. This will involve the entire business or parts of i
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    • NEWS | 30 Mar 16:48
    • Canada levies duties on Chinese steel line pipe
    • Houston, 30 March (Argus) — The Canadian International Trade Tribunal (CITT) has determined that imports of certain carbon and alloy steel line pipe imported from China have caused injury or threaten to cause injury to domestic producers, paving the way for duties as high as 351pc. The
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    • NEWS | 30 Mar 16:41
    • Sierra Metals sees greater copper, zinc output
    • Houston, 30 March (Argus) — Toronto-based miner Sierra Metals forecasts gains in copper output this year of as much as 30pc, partly due to restructuring at its Yauricocha mine in Peru. Sierra Metals anticipates copper output this year of 24.4-30.1mn lbs. Yauricocha's output will range b
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    • NEWS | 30 Mar 16:32
    • OM Manganese secures deal for 180,000t of ore
    • London, 30 March (Argus) — The administrator of OM Manganese, a failed mining company in Northern Territory, Australia, has secured a contract for 180,000t of manganese from the site worth $21mn after a recent rise in the commodity price. Corporate advisory and insolvency firm The Headq
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    • NEWS | 30 Mar 12:38
    • US' Rare Element Resources looks at options
    • London, 30 March (Argus) — US rare earth mining company Rare Element Resources (RER) is looking at strategic alternatives for its suspended Bear Lodge project in the US state of Wyoming. RER said its focus in 2016 will be on raising additional capital and pursuing potential strategic al
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    • NEWS | 29 Mar 19:42
    • Essar Steel Minnesota hires restructuring advisor
    • Houston, 29 March (Argus) — Iron ore producer Essar Steel Minnesota has contracted an investment bank to advise it on a debt restructuring as it works to complete a $1.9bn iron ore mining and pellet project in northern Minnesota that was due to begin operations in the second half of 2016
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    • NEWS | 29 Mar 19:42
    • Investors pin hopes on post-Rousseff government
    • Rio de Janeiro, 29 March (Argus) — Brazil's Democratic Movement Party (PMDB) has abandoned Brazilian president Dilma Rousseff's political coalition, shortening the odds that she will be ousted as early as May and sowing investor expectations for an economic reform-oriented successor. I
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    • NEWS | 29 Mar 19:33
    • SQM, Lithium Americas sign Argentina lithium JV
    • Sao Paulo, 29 March (Argus) — Chilean fertiliser and chemical producer SQM and Canadian mining company Lithium Americas, formerly Western Lithium have signed a 50:50 joint venture deal to develop the Cauchari-Olaroz lithium project in Argentina. The project is estimated to be the world'
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    • NEWS | 29 Mar 17:50
    • Scrap freight from US east coast to Turkey to dip
    • London, 29 March (Argus) — Freight rates for scrap cargoes on Supramax vessels from the US east coast to Turkey are expected to slip this week because of rising vessel availability of at key east coast ports. Rates for 40,000t Supramax scrap cargoes from the Atlantic coast to Turkey we
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    • NEWS | 29 Mar 17:43
    • US begins FeV trade case against South Korea
    • New York, 29 March (Argus) — The US launched an antidumping investigation into imports of ferro-vanadium from South Korea. A petition was filed 28 March by AMG Vanadium, Bear Metallurgical, Gulf Chemical and Metallurgical, and Evraz Stratcor to initiate preliminary determinations on whe
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    • COMMENTARY | 29 Mar 17:13
    • European copper premiums dip in quiet trade
    • Houston, 29 March (Argus) — Grade A copper cathode premiums edged down in European trading in the latest, holiday-shortened week Premiums for grade A cathodes in-warehouse Rotterdam traded at $50-55/t, down from $50-60/t in the prior week. Premiums for off-grade cathodes remained at $15
    • Read more
    • NEWS | 29 Mar 16:45
    • Myanmar tin exports drop 88pc on month
    • London, 29 March (Argus) — After record high levels of exports of tin ore and concentrate from Myanmar to China in January left warehouse stocks in Myanmar almost depleted, exports in February declined 88pc on the month and 53pc on the year. Myanmar's tin exports stood at only 8,641t in
    • Read more
    • COMMENTARY | 29 Mar 16:23
    • Supply drives Indium prices up; selenium falls
    • New York, 29 March (Argus) — US indium prices rose this week amid limited supplier inventories and stable demand. Indium ingot (In 99.99pc) prices increased to $240-270/kg from $240-260/kg a week earlier. Prices have risen by $12.5/kg since 18 March on tightened supply for near-term del
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    • COMMENTARY | 29 Mar 15:54
    • Bi, Cd prices rise on tight supply; antimony holds
    • New York, 29 March (Argus) — US bismuth prices rose for a second week after limited near-term inventories pushed up offer prices on small tonnages. Bismuth ingot (Bi 99.99pc) prices increased to $4.30-4.80/lb from $4.20-4.60/lb a week earlier. Prices have risen by 32.5¢/lb over the pas
    • Read more
    • COMMENTARY | 29 Mar 14:55
    • US mined zinc output falls on Red Dog cuts
    • Houston, 29 March (Argus) — US production of mined zinc fell by 3pc last year from the prior year, mostly the result of decreased output at Teck Resources's Red Dog mine in Alaska which is forecast to keep falling. Mined production of recoverable zine fell to 779,000 t from 803,000t in
    • Read more
    • NEWS | 29 Mar 13:44
    • Holiday fails to suppress Venezuelan power demand
    • Caracas, 29 March (Argus) — Venezuelan government efforts to reduce power consumption by declaring an extended Easter holiday from 19-27 March yielded disappointing results, deputy electricity minister Freddy Brito told state-owned VTV television yesterday. President Nicolas Maduro decr
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    • NEWS | 29 Mar 13:08
    • KWG Resources welcomes budget aid for chrome plan
    • London, 29 March (Argus) — KWG Resources, which has an 80pc interest the Black Horse chromite deposit in Canada's Ring of Fire project, has welcomed the federal government allocation of cash in the March budget that will aid in developing the mining area. Toronto-based exploration comp
    • Read more
    • COMMENTARY | 29 Mar 12:15
    • LME minors: Markets garner support from physicals
    • London, 29 March (Argus) — London Metal Exchange (LME) cobalt has moved higher in the past couple of weeks, with small gains attributed to a steady performance in the physical market where increased buying interest has been reported in China. LME cash cobalt on the trading platform set
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    • NEWS | 29 Mar 12:10
    • Creditors approve amended IFL rescue plan
    • Johannesburg, 29 March (Argus) — Creditors have unanimously approved an amended business rescue plan involving the sale of International Ferro Metals' (IFL) South African integrated chrome and ferro-chrome assets to local rival Samancor Chrome. The amended business rescue plan was appro
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    • NEWS | 28 Mar 22:55
    • Schnitzer forecasts uptick after 2Q loss
    • Houston, 28 March (Argus) — Portland-based recycler Schnitzer Steel Industries expects to ship around 815,000long tons (828,000metric tonnes) of ferrous scrap in its third quarter ending 31 May, as it anticipates a 10pc increase over shipments in its second quarter. In its preliminary s
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    • NEWS | 28 Mar 22:00
    • US copper output outpaces consumption
    • Houston, 28 March (Argus) — US production of mined copper rose by 2.2 pc and output of refined copper increased by 3.8pc in 2015 from the prior year amid a 0.6pc increase in apparent US consumption of copper. Mined output of recoverable copper rose to 1.38mn t last year from 1.35mn t in
    • Read more
    • NEWS | 28 Mar 21:55
    • US chrome imports fall on weak stainless output
    • New York, 28 March (Argus) — Reported 2015 US consumption of chrome by content fell by 2.8pc from a year earlier, driven by weak stainless steel demand in the US and China. The US consumed 241,000t of chrome by weight during 2015, down from 248,000t in 2014, according to data from the U
    • Read more
    • NEWS | 28 Mar 20:49
    • Alcoa idles Evansville aluminum smelter
    • Houston, 28 March (Argus) — New York-based aluminum producer Alcoa has permanently halted output of molten aluminum at its Warrick Operations facility in Evansville, Indiana. Aluminum production stopped on 24 March after the company said in January it would permanently idle the 269,000t
    • Read more
    • NEWS | 28 Mar 20:29
    • ENRC reaches Brazil iron ore deal with Zamin
    • Sao Paulo, 28 March (Argus) — Eurasian Natural Resources (ENRC) has reached an agreement with Zamin to advance the long-delayed acquisition of 50pc of Zamin's Brazilian iron ore mining unit Bahia Mineração (Bamin), according to Bamin. Details of the transaction were not disclosed. In 2
    • Read more
    • NEWS | 28 Mar 19:59
    • US raw steel output rises on Great Lakes rebound
    • Houston, 28 March (Argus) — US raw steel production for the week ending 26 March increased by 0.4pc from the prior week as production strengthened by 45,000net tons (40,823metric tonnes) in the Great Lakes region. US output of raw steel increased to 1.675mn nt from 1.668mn nt the week
    • Read more
    • COMMENTARY | 28 Mar 19:21
    • Aluminium alloy prices drop in Europe, UK
    • Houston, 28 March (Argus) — European and UK secondary aluminium ingot prices dropped by 1-2¢/lb in the latest week as producers moved to absorb a $65/t decrease in London Metal Exchange aluminium over the past month amid little movement in die cast ingot prices. In the UK, prices of LM6
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    • NEWS | 28 Mar 19:10
    • US to proceed with stainless steel trade case
    • New York, 28 March (Argus) — The US International Trade Commission has determined that there is reason to believe imports of stainless steel sheets and strip from China damaged US industries. All six USITC commissioners ruled in the affirmative this past week to continue investigations
    • Read more
    • NEWS | 28 Mar 19:01
    • Henderson to head aluminum extrusion group
    • Houston, 28 March (Argus) — The Illinois-based Aluminum Extruders Council (AEC) has elected director of operations Jeffrey Henderson to succeed Randy Baldwin as the organization's next president, effective 1 April. Rand, president since 2000, announced his retirement from AEC's board at
    • Read more
    • COMMENTARY | 28 Mar 18:24
    • Small volume trading keeps magnesium market steady
    • New York, 28 March (Argus) — US magnesium prices were unchanged this past week amid sporadic trading. Consistent long-term contract demand and thin spot market trading has kept prices of 99.9pc magnesium at $3,528-3,748/t ($1.60-1.70/lb) for the past four weeks. Prices last moved 25 Feb
    • Read more
    • NEWS | 28 Mar 17:37
    • Aluminum Resources sues Stiefel Aluminum
    • Houston, 28 March (Argus) — Ingot broker Aluminum Resources has filed a $5.3mn lawsuit against secondary aluminum smelter Stiefel Aluminum in a Tampa, Florida, court over alleged breach of contract and civil theft of goods. Aluminum Resources alleges that Stiefel Aluminum accepted and "
    • Read more
    • COMMENTARY | 28 Mar 16:11
    • US Co: Low-key trading supports market
    • Houston, 28 March (Argus) — US high-grade cobalt prices held this week amid low-key trading. High-grade cobalt (Co 99.8pc) prices were flat for a second week at $11.00-11.50/lb. Prices have stabilized on eased supply after a three-week 22.5¢/lb rally starting 26 February. Consumers i
    • Read more
    • ANALYSIS | 24 Mar 23:09
    • This Week in Metals: 21-24 March
    • Houston, 24 March (Argus) — Prices of most metals fell in the latest week as the dollar strengthened amid comments from Federal Reserve members suggesting a rate hike may be in store as soon as April and a rally in crude prices petered out. Federal Reserve Bank of St. Louis President Ja
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    • ANALYSIS | 24 Mar 22:37
    • US ferrous prices strengthen as trading nears
    • Houston, 24 March (Argus) — Mill purchases of ferrous scrap over the past two weeks amid a rising export market have a majority of buyers and sellers believing that US domestic prices will rise by at least $20-30/gross ton for April deliveries. Mills are expected to secure scrap on a pr
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    • COMMENTARY | 24 Mar 22:25
    • Aluminum alloys climb on expensive scrap
    • Houston, 24 March (Argus) — Most secondary aluminum alloy prices increased this week as producers who have overpaid for scrap attempt to recover margins. 319.1 increased to 90-92¢/lb from 89-91¢/lb a week earlier, A360.1 increased to 92-93¢/lb from 91-92¢/lb and A413.1 went up to 93-94¢
    • Read more
    • COMMENTARY | 24 Mar 21:24
    • Secondary aluminum scrap mixed
    • Houston, 24 March (Argus) — Secondary aluminum scrap prices were mixed this week as mill-grade scrap and primary metal became more affordable to smelters on London Metal Exchange declines. LME cash aluminum settled at $1,469/t (66¢/lb) today, down from $1,503/t (68¢/lb) a week earlier.
    • Read more
    • COMMENTARY | 24 Mar 21:15
    • US FeCr prices mixed on thin trading
    • New York, 24 March (Argus) — US low carbon ferro-chrome prices were mixed amid minimal demand from stainless steel mills this week. Low-carbon ferro-chrome (C 0.05pc) prices were flat at $2.18-2.20/lb, stable since falling 11 February by 4¢/lb. US traders and distributors reported stabl
    • Read more
    • COMMENTARY | 24 Mar 20:58
    • US FeMn: Limited availability raises prices
    • New York, 24 March (Argus) — Prices of US high-carbon ferro-manganese increased this week amid further offshore supply tightness. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices increased to $790-810/gt from $785-810/gt a week earlier. Prices continued rallying this week on global
    • Read more
    • COMMENTARY | 24 Mar 20:48
    • US FeTi prices fall on low-key steel demand
    • New York, 24 March (Argus) — US ferro-titanium offers declined this week as steel mills limited large volume demand. US ferro-titanium (Ti 70pc) fell to $1.60-1.70/lb from $1.65-1.75/lb a week earlier. Prices have declined for two consecutive weeks for a total average 7.5¢/lb amid aggre
    • Read more
    • COMMENTARY | 24 Mar 20:36
    • Stainless steel scrap prices flat
    • Houston, 24 March (Argus) — Processor buying prices for stainless steel scrap held unchanged in the latest week, even as this week's increase in surcharges is expected to boost demand. Processor buying prices for type 304 (18-8) traded at $940-970/gross tons and buying prices for type 3
    • Read more
    • COMMENTARY | 24 Mar 19:48
    • Prices of US aluminum scrap for export flat
    • Houston, 24 March (Argus) — Prices of US aluminum scrap for export were flat this week as available material continues in short supply amid pressure from competitive US domestic pricing. Prices of zorba, 94pc metallic with 3-4pc red metal content remained at 60-61¢/lb cif China for a th
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    • NEWS | 24 Mar 18:11
    • Codelco posts record copper output, loss in 2015
    • Sao Paulo, 24 March (Argus) — Chile's state-controlled copper mining giant Codelco posted record copper production from its own mines in 2015 but this could not prevent the company recording the biggest loss since publication of its financial statements started in the early 1990s. The m
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    • COMMENTARY | 24 Mar 18:07
    • Stainless steel prices unchanged in Europe
    • Houston, 24 March (Argus) — Stainless steel scrap prices remained flat in Europe this week amid slow buying activity and stable steel mill buying. Scrap in Rotterdam and Germany traded at 43-45¢/lb for 304 (18-8) scrap solids and at 55-56¢/lb for 316 scrap, unchanged from a week prior.
    • Read more
    • NEWS | 24 Mar 16:49
    • Canada begins probe of China, Japan steel imports
    • Houston, 24 March (Argus) — The Canada Border Services Agency (CBSA) has initiated an investigation into imports of certain welded large diameter carbon and alloy steel line pipe from China and Japan amid allegations they are being unfairly traded. The investigation will be launched in
    • Read more
    • COMMENTARY | 24 Mar 16:23
    • Nickel prices slip
    • London, 24 March (Argus) — London Metal Exchange (LME) nickel prices increased during the week after a short rally on Monday and Tuesday supported by Chinese import data, but followed other base metals lower as the US dollar strengthened. Nickel prices rose to $8,915/t with Chinese cus
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    • NEWS | 24 Mar 16:22
    • CMC expectations up on construction demand
    • Houston, 24 March (Argus) — Texas-based recycler Commercial Metals (CMC) expects demand for finished steel products to improve in the next quarter on construction demand after its steel shipments were flat from the same year earlier period. Steel shipments from the company's Americas m
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    • NEWS | 24 Mar 14:34
    • ArcelorMittal agrees to sell three facilities
    • Houston, 24 March (Argus) — Luxembourg-based ArcelorMittal has agreed to sell its LaPlace and Vinton long carbon facilities along with its Harriman rolling mill, all located in the US, to investment fund Black Diamond Capital. The LaPlace, Louisiana, facility produces billets, equal leg
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    • NEWS | 24 Mar 14:25
    • STB may expand list of commodities it regulates
    • Washington, 24 March (Argus) — The US Surface Transportation Board (STB) is contemplating regulating the transportation of metals, coke from coal and stone. STB yesterday issued a notice of proposed rulemaking that would remove existing exemptions for railroads shipping primary iron or
    • Read more
    • NEWS | 24 Mar 13:54
    • Fanya investors protest again to redeem funds
    • Beijing, 24 March (Argus) — Investors in China's troubled Fanya Metal Exchange (FME) launched a new public protest this week in an effort to recover their lost investments. Hundreds of investors gathered in front of the Industrial and Commercial Bank of China (ICBC) in Shanghai this wee
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    • NEWS | 24 Mar 13:45
    • Chinese tungsten producers to reduce output
    • Beijing, 24 March (Argus) — China's tungsten producers have agreed to cut tungsten concentrate output by 15pc this year. Domestic industry association CTIA called on its affiliates to control concentrate production at a meeting last week, which 11 key members, including state-run China
    • Read more
    • COMMENTARY | 23 Mar 22:51
    • US aluminum premium firms on contango
    • Houston, 23 March (Argus) — The midwest premium for primary aluminum rose this week as London Metal Exchange aluminum prices stayed in contango for a second successive week. The premium increased to 7.9-8¢/lb from 7.75¢-8/lb a week earlier as a consistent contango has created a more sta
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    • NEWS | 23 Mar 22:15
    • Upstate Shredding shifts focus to Pennsylvania
    • Houston, 23 March (Argus) — New York state based recycler Upstate Shredding – Weitsman Recycling has added Matt Schroth to its ranks as it looks to expand its operations. Schroth, former director of non ferrous sales at Schnitzer Steel, will be vice president of commercial expansion at
    • Read more
    • NEWS | 23 Mar 22:12
    • US finished steel imports fall in February
    • Houston, 23 March (Argus) — US imports of finished steel fell by 6.7pc in February from the previous month, led by a decrease in imports from Turkey, Japan and Germany. The US imported 2.1mn net tons (1.9mn metric tonnes) of finished steel products during the month of February, which a
    • Read more
    • NEWS | 23 Mar 22:01
    • US antimony imports fall, led by China
    • New York, 23 March (Argus) — US antimony imports for consumption fell by 6pc during 2015 from a year earlier, led by falling shipments from China. The US imported 22,800t of antimony products in 2015, down from 24,200t in 2014, according to data from the US Geological Survey (USGS). Imp
    • Read more
    • COMMENTARY | 23 Mar 21:21
    • Aluminum can spreads flat as buyers remain ahead
    • Houston, 23 March (Argus) — Used aluminum beverage can (UBC) spreads were unchanged this week as primary aluminum fell less than a penny per pound and buyers were not anxious about filling imminent volume needs. UBC prices remained at 59-61¢/lb and consumers continued to purchase the s
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    • COMMENTARY | 23 Mar 20:45
    • US cathode premiums hold in face of demand pick-up
    • Houston, 23 March (Argus) — US copper cathode premiums were unchanged this week even as inquiries picked up. Cathode Grade A premiums held at 5.5-6¢/lb delivered midwest consumer, unchanged from a week earlier. Consumers said a scarcity of scrap is prompting a pickup in inquires for co
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    • COMMENTARY | 23 Mar 20:31
    • Copper, brass scrap spreads narrow on demand lift
    • Houston, 23 March (Argus) — US bare bright copper scrap price spreads narrowed by 1¢/lb this week as demand picked up and supply remained weak. Consumer buying price spreads for bare bright were at level-Comex to 2¢/lb under May delivered, from 1–3¢/lb under May in the previous week.
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    • NEWS | 23 Mar 19:46
    • Texas recycler files for bankruptcy
    • Houston, 23 March (Argus) — Texas-based recycler Scrap Metal Solutions has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Eastern District of Texas. The company, located in Tyler, generated a loss of $495,045 in 2015 and filed for bankruptcy yesterday. S
    • Read more
    • NEWS | 23 Mar 19:17
    • Zhongwang spins off aluminum extrusion group
    • Houston, 23 March (Argus) — Aluminum extrusion producer China Zhongwang Holdings has entered into an agreement to sell its industrial extrusion business, Liaoning Zhongwang Group, to Shanghai-listed CRED Holding in exchange for 75pc of shares in the combined company. The deal will resul
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    • COMMENTARY | 23 Mar 19:03
    • Aluminium premiums mixed in Europe trade
    • Houston, 23 March (Argus) — Premiums for aluminium were mixed in Europe in the latest week amid thin trading. The P1020 duty paid premium rose to $140-150/t in-warehouse Rotterdam from $130-140/t a week earlier as trading was concentrated on duty paid material. Duty unpaid P1020 traded
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    • NEWS | 23 Mar 18:02
    • Canada launches expiry review of copper imports
    • Houston, 23 March (Argus) — Canada has launched an investigation to determine whether to extend duties on imports of certain copper pipe fittings from China, South Korea and the US. The Canadian International Trade Tribunal, in its expiry review of the duties, will determine whether the
    • Read more
    • NEWS | 23 Mar 17:51
    • Brazil ferro-alloys, manganese exports up
    • London, 23 March (Argus) — Brazilian ferro-alloys exports in February rose 76.3pc to 38,207t from 21,667 a year earlier, data from the country's foreign trade ministry MDIC said. Shipments were down 2.7pc on the January total of 39,255t. Manganese exports increased 74pc to 153,974t fro
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    • NEWS | 23 Mar 17:40
    • Mirabela Nickel tax credit deal to reopen mine
    • London, 23 March (Argus) — The Santa Rita nickel mine owned by Australian mining company Mirabela Nickel could restart production after the company closed a deal with the government of Brazil's Bahia state to release 40mn real ($10.9mn) in tax credits. The mine is located in Bahia in th
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    • NEWS | 23 Mar 17:00
    • UK's South Crofty tin mine could reopen
    • London, 23 March (Argus) — The South Crofty tin mine in Cornwall, UK may reopen after its owner Western United Mines sold the mine to Canadian mining firm Strongbow Exploration. Western United Mines is currently in administration. Strongbow has negotiated a deal with Galena Special Sit
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    • NEWS | 23 Mar 16:03
    • Worthington processes less steel, sees stability
    • Houston, 23 March (Argus) — Ohio-based diversified metals manufacturer Worthington Industries expects steel prices to stabilize after the company processed 3.6pc less steel in the latest quarter from a year earlier. The company processed 800,567nt (726,262 metric tonnes) in the latest
    • Read more
    • NEWS | 23 Mar 15:59
    • Panoro secures $140mn funding for Cotabambas
    • London, 23 March (Argus) — Canadian mining firm Panoro Minerals, which is aiming to develop copper, molybdenum and precious metals projects in Peru has signed a definitive 'Early Deposit Precious Metals Purchase Agreement' with Vancouver-based metals streaming company Silver Wheaton for
    • Read more
    • NEWS | 23 Mar 15:37
    • Constellium to provide aluminum to Airbus
    • Houston, 23 March (Argus) — Amsterdam-based rolled product maker Constellium has signed a multi-year contract to provide aerospace-grade aluminum to France-based aircraft manufacturer Airbus. The contract includes advanced aluminum products for airframes, wing skin panels, fuselage pane
    • Read more
    • NEWS | 23 Mar 10:32
    • Sierra Rutile flags potential for Sembehun mine
    • Johannesburg, 23 March (Argus) — Titanium feedstock producer Sierra Rutile has completed a pre-feasibility study supporting the development of the Sembehun Dry Mine in Sierra Leone at a production rate of 71,000 t/yr of rutile over a mine life of 21 years. The study supports economic dr
    • Read more
    • NEWS | 22 Mar 22:45
    • Stainless steel surcharge in first gain since June
    • Houston, 22 March (Argus) — US stainless steel producers increased nickel-based surcharges for April shipments for type 304 and type 316 stainless steel to reflect strength in nickel and molybdenum prices. It was the first increase for type 304 material since June and followed nine con
    • Read more
    • COMMENTARY | 22 Mar 22:13
    • Mill-grade aluminum scrap spreads flat
    • Houston, 22 March (Argus) — Spreads for many mill aluminum scrap grades remained unchanged this week as prices fell in step with primary aluminum. London Metal Exchange cash prices settled at $1,481/t (67¢/lb) down from $1,508/t (68¢/lb) a week earlier and many grades fell approximately
    • Read more
    • NEWS | 22 Mar 21:46
    • US vanadium imports, consumption declines in 2015
    • New York, 22 March (Argus) — US consumption of vanadium during 2015 decreased by 2.2pc from a year earlier. Total 2015 vanadium consumption decreased to 3,570t from 3,650t in 2014, according to data from the US Geological Survey (USGS). Meanwhile, total vanadium consumption during Decem
    • Read more
    • COMMENTARY | 22 Mar 20:05
    • Oil futures: WTI settles above $41/bl
    • Houston, 22 March (Argus) — WTI crude futures fell slightly today but settled above $41/bl as analysts forecast another build in US inventories and stock markets were rattled by the deadly Brussels airport and metro station attacks. Nymex May light, sweet crude futures fell by 7¢/bl to
    • Read more
    • COMMENTARY | 22 Mar 18:29
    • US indium rises on tight supply, selenium weakens
    • Houston, 22 March (Argus) — US indium prices increased this week amid limited supply of prompt delivery inventories. Indium ingot (In 99.99pc) prices rose to $240-260/kg from $235-250/kg a week earlier. Prices have resumed rising after a two-week hiatus, gaining an average $15/kg since
    • Read more
    • NEWS | 22 Mar 17:42
    • Scrap freight rates up as demand for cargoes rises
    • London, 22 March (Argus) — Freight rates for scrap cargoes on Supramax vessels from European and US east coast ports heading to Turkey rose over the past week, as growing demand for cargoes across commodities reduced available tonnage at key ports. Rates for scrap cargoes of 30,000t on
    • Read more
    • COMMENTARY | 22 Mar 17:36
    • Small-volume trading boosts US Bi, Cd
    • New York, 22 March (Argus) — US bismuth prices rose this week amid an uptick in small-volume inquiries and sales. Bismuth ingot (Bi 99.99pc) prices increased to $4.20-4.60/lb from $4.00-4.45/lb a week earlier. US traders and distributors raised offers this week as consumers increased
    • Read more
    • COMMENTARY | 22 Mar 17:18
    • Copper cathode premiums rise in Europe
    • Houston, 22 March (Argus) — Premiums for grade A copper cathodes rose in Europe in the latest week as buyers looked for better grade material. Premiums for grade A cathodes in-warehouse Rotterdam traded at $50-60/t, up from $45-55/t a week earlier. Off-grade cathodes remained unchanged
    • Read more
    • NEWS | 22 Mar 16:09
    • China's production drop undermines pig iron output
    • London, 22 March (Argus) — Global pig iron output fell last month to its lowest level since December 2011, amid a sharp drop in Chinese output and further cutbacks from CIS producers, according to the World Steel Association. Global pig iron output totalled 86.7mn t in February, down by
    • Read more
    • NEWS | 22 Mar 13:40
    • Dyson invests £1bn in battery development
    • London, 22 March (Argus) — UK electronics manufacturer Dyson is to invest £1bn ($1.42bn) over five years in battery research and development as it looks to diversify its products base. Lithium material is a key component of energy storage technology, and increased interest in battery d
    • Read more
    • NEWS | 22 Mar 12:57
    • Jubilee completes funding for chrome, PGM projects
    • Johannesburg, 22 March (Argus) — South African mining company Jubilee Platinum has successfully completed funding arrangements for its chrome and platinum group metals tailings projects in South Africa's Limpopo Province. The company has arranged secured debt to a maximum of $10mn, unse
    • Read more
    • NEWS | 21 Mar 21:56
    • US aluminum extruders hopeful on demand, trade
    • Houston, 21 March (Argus) — Sentiment was upbeat at the 2016 Aluminum Extruders Council meeting as attendees look to the opening of a new investigation into Chinese competition to shield the industry from allegedly unfairly traded imports. The Commerce Department last week said it would
    • Read more
    • NEWS | 21 Mar 21:19
    • Global copper use flat, output up in 2015
    • Houston, 21 March (Argus) — Global apparent use of copper was nearly unchanged in 2015, supported by a gain in Chinese demand, while production of refined copper rose by around 1.6pc from the prior year. World refined usage totaled 22.88mn t in 2015, compared with 22.89mn t in 2014, the
    • Read more
    • NEWS | 21 Mar 20:07
    • US raw steel production up from prior year
    • Houston, 21 March (Argus) — US raw steel production rose by 4.2pc while capacity utilization climbed by 3.6pc points in the week ended 19 March from the same week a year prior. US output of raw steel increased to 1.67mn net tons (1.5mn metric tonnes) from 1.6mn nt the same week a year e
    • Read more
    • NEWS | 21 Mar 18:46
    • AK Steel appoints two new executives
    • Houston, 21 March (Argus) — Ohio-based steel producer AK Steel today promoted two new executives for its carbon steel and specialty steel operations. Brian Bishop was promoted to the position of vice president of carbon steel operations, and will also assume responsibility for manufactu
    • Read more
    • NEWS | 21 Mar 17:55
    • Global crude steel production falls
    • London, 21 March (Argus) — Global crude steel output continued to decline in February, amid output cuts in most key producing regions, the World Steel Association (WSA) has said. Total production was 120.4mn t last month, down by 3.3pc on the year and 5.7pc lower than in January. China
    • Read more
    • NEWS | 21 Mar 16:52
    • Rusal says its debt is less after Norilsk results
    • London, 21 March (Argus) — Russia's Rusal, the world's second largest aluminium producer, restated its annual results after nickel miner Norilsk Nickel published its results last week, saying that it has less debt and that its assets and currency reserves are about $1bn more than origina
    • Read more
    • NEWS | 21 Mar 16:29
    • Berong Nickel loses part of cargo off Philippines
    • London, 21 March (Argus) — The Philippine government is withholding the nickel ore export permit for Berong Nickel after one of its ships carrying the company's nickel ore had an accident off the cost of Palawan island and dropped part of the cargo in the sea. The barge was carrying 1,1
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    • NEWS | 21 Mar 14:50
    • Former Vale CEO Roger Agnelli dies in plane crash
    • London, 21 March (Argus) — Roger Agnelli, the former chief executive of Brazilian mining giant Vale has died along with his wife and two children in a light aircraft crash in northern São Paulo on 19 March. During his tenure Agnelli oversaw a large expansion of Vale's businesses as the
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    • NEWS | 21 Mar 14:13
    • First Quantum signs option on Peru copper site
    • London, 21 March (Argus) — Canadian mining firm Duran Ventures, which aims to develop base, precious metals and molybdenum projects in Peru has signed an option deal with compatriot mining firm First Quantum Minerals. The deal allows First Quantum to take up to 80pc of the Panteria copp
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    • NEWS | 21 Mar 12:37
    • IFL creditors to decide on amended rescue plan
    • Johannesburg, 21 March (Argus) — Creditors of the South African subsidiary of integrated chrome and ferro-chrome producer International Ferro Metals (IFL) will later this week vote on an amended business rescue plan which could see the business acquired by local group Samancor Chrome. S
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    • NEWS | 21 Mar 12:05
    • FeCr price slide hits S Africa producers
    • Johannesburg, 21 March (Argus) — The latest slide in the European ferro-chrome benchmark to 82c/lb has wiped out most of the currency buffer that has protected South Africa's ferro-chrome producers since the beginning of 2015. Merafe Resources announced on Friday that the benchmark for
    • Read more
    • ANALYSIS | 18 Mar 22:36
    • This Week in Metals: 14-18 March
    • Most metals, crude and other commodities gained and the US dollar weakened as the Federal Reserve signaled it would slow its pace of rate increases this year to two from a prior target of four. The Fed, in its statement, held its key rate unchanged and said it expected conditions to evo
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    • NEWS | 18 Mar 22:09
    • Secondary aluminum alloys mixed
    • Houston, 18 March (Argus) — Prices of secondary aluminum alloys were mixed this week as producers continued with attempts to raise prices to cope with the effects of increasingly tight and expensive scrap supply. The price of A380.1, which increased last week to 86-88¢/lb, remained the
    • Read more
    • COMMENTARY | 18 Mar 20:30
    • US FeW, FeB prices hold on flat demand, new duties
    • New York, 18 March (Argus) — US ferro-tungsten prices held unchanged this week amid low-key trading. Ferro-tungsten (W 75pc) prices held at $13.00-13.25/lb, a range that has held since 21 January due to flat demand. Prices bottomed out at over 11-year lows as cheaper steel imports under
    • Read more
    • COMMENTARY | 18 Mar 20:23
    • US FeSi prices increase on tighter supply
    • New York, 18 March (Argus) — US ferro-silicon (Si 75pc) prices rose to 67-69¢/lb this week from 66-69¢/lb a week earlier. Prices increased a total average of 1.5¢/lb in the past three-weeks after a flat previous week amid limited trading. US traders and distributors raised offers as off
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    • COMMENTARY | 18 Mar 20:17
    • US noble alloy prices flat
    • Houston, 18 March (Argus) — US molybdenum prices were flat this week, balanced by infrequent large volume trading but increased small tonnage sales. US molybdenum oxide (Mo 57pc) prices held at $5.30-5.50/lb for a third week. Prices have been mostly stable, only rising an average 5¢/lb
    • Read more
    • COMMENTARY | 18 Mar 18:57
    • US export aluminum scrap prices unchanged
    • Houston, 18 March (Argus) — Prices of US aluminum scrap for export were unchanged this week amid continued pressure from competitive domestic pricing as aluminum on the London Metal Exchange fell. Prices of zorba, 94pc metallic with 3-4pc red metal content, held at 60-61¢/lb for a secon
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    • COMMENTARY | 18 Mar 18:36
    • WEEK IN REVIEW: Awaiting spring in metal markets
    • London, 18 March (Argus) — With only a week to go until Easter, which comes early this year, there is limited time left for the round of restocking that normally happens ahead of the second quarter. But there has been little sign of it in the spot market, as consumers have been living
    • Read more
    • COMMENTARY | 18 Mar 18:16
    • Stainless scrap prices fall in US
    • Houston, 18 March (Argus) — Processor buying prices for the most widely used stainless steel scrap fell in the US this week as terminal nickel prices declined from a four-month high reached on 7 March. Processor buying prices for type-304 (18-8) scrap solids traded at $940-970/gross ton
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    • NEWS | 18 Mar 17:06
    • Evraz to idle Colorado steel, rail operations
    • Evraz to idle Colorado steel, rail operations Houston, 18 March (Argus) — The North American unit of Russian steel producer Evraz plans to temporarily idle its steelmaking and rail mill operations at its facility in Pueblo, Colorado, in response to weak demand. The company will begin idl
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    • NEWS | 18 Mar 15:58
    • Bolivia invests $10mn in new mining projects
    • London, 18 March (Argus) — Bolivia's government plans to spend $10.2mn on prospecting and exploration at eight mining projects in the country. Funds will come from the national geological service Sergeomin, the Mining Ministry said. The projects situated in the La Paz, Oruro, Potosí an
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    • NEWS | 18 Mar 15:55
    • Big River Steel begins production at Arkansas mill
    • Houston, 18 March (Argus) — Arkansas-based Big River Steel today said it successfully began processing steel at its batch anneal furnaces and skin pass mill. This week's production represents the first step in a year-long phased startup for bringing equipment online at the Arkansas plan
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    • NEWS | 18 Mar 13:00
    • Ferbasa ferro-alloys output down in February
    • London, 18 March (Argus) — Leading Brazilian ferro-chrome producer Ferbasa said ferro-alloys production fell 32pc in February from a year earlier to 17,011t as the company continues to adapt to a new power deal with northeast regional utility Chesf. Ferro-alloy sales rose 43.4pc to 24,4
    • Read more
    • NEWS | 18 Mar 12:52
    • Jugohrom Ferroalloys restarts ferro-silicon output
    • London, 18 March (Argus) — Macedonia-based producer Jugohrom Ferroalloys has restarted ferro-silicon production at its plant site in the northwestern city of Tetovo after a temporary shutdown. The company shut its two operating furnaces for a couple of months because of concerns about ai
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    • NEWS | 18 Mar 12:17
    • Tiger Resources eyes higherCu output in 2016
    • London, 18 March (Argus) — Perth-based copper producer and explorer Tiger Resources expects to produce 25,000-28,000t of copper cathode from its Kipoi copper project in the Democratic Republic of Congo in 2016. The company produced 26,151t in 2015, 5pc above its processing plant's namep
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    • NEWS | 18 Mar 12:17
    • Tiger Resources eyes higher Cu output in 2016
    • London, 18 March (Argus) — Perth-based copper producer and explorer Tiger Resources expects to produce 25,000-28,000t of copper cathode from its Kipoi copper project in the Democratic Republic of Congo in 2016. The company produced 26,151t in 2015, 5pc above its processing plant's namep
    • Read more
    • NEWS | 18 Mar 12:05
    • Sierra Gorda far off moly output target in 2015
    • London, 18 March (Argus) — Poland-based mining giant KGHM said its delayed Sierra Gorda joint venture project in Chile produced around 7,000t (15.5mn lbs) of molybdenum in 2015, falling well short of initial forecasts. Sierra Gorda figures are being scrutinised closely by the molybdenum
    • Read more
    • NEWS | 17 Mar 22:22
    • Uroboros ceases cadmium, chrome, and nickel use
    • New York, 17 March (Argus) — Oregon-based specialty glass manufacturer Uroboros Glass Studios signed an agreement with the Oregon Department of Environmental Quality (DEQ) to limit cadmium, chromium, and nickel in its products. The agreement takes effect immediately and will include any
    • Read more
    • COMMENTARY | 17 Mar 22:09
    • Secondary aluminum scrap climbs on tight supply
    • Houston, 17 March (Argus) — Secondary aluminum scrap prices increased again this week on tight supply and no significant pickup of flows into scrap yards. Old cast aluminum, sought after by smelters for its silicon and copper content, continued to increase in price this week as an alter
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    • COMMENTARY | 17 Mar 21:44
    • Oversupply undercuts US FeTi market
    • Houston, 17 March (Argus) — US ferro-titanium prices fell this week amid aggressive offerings for second-quarter inquiries and oversupply relative to demand. US ferro-titanium (Ti 70pc) declined to $1.65-1.75/lb this week from $1.65-1.80/lb a week earlier. Prices were flat for the seven
    • Read more
    • COMMENTARY | 17 Mar 21:35
    • US FeCr: Supply outpaces demand
    • Houston, 17 March (Argus) — US high carbon ferro-chrome prices fell this week amid minimal orders from US stainless steel mills. US high carbon ferro-chrome (Cr 60pc C 6-8pc) declined to 90-94¢//lb from 92-94¢//lb a week earlier. Prices have fallen during five out of the past six weeks
    • Read more
    • NEWS | 17 Mar 21:04
    • Tight supply firms FeMn offers in US
    • Houston, 17 March (Argus) — US high-carbon ferro-manganese rose this week amid tightening supply. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices increased to $785-810/gt from $775-800/gt a week earlier. Prices resumed climbing after a one-week pause amid stable inquiries, rising
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    • NEWS | 17 Mar 20:51
    • US launches probe of Chinese aluminum imports
    • Houston, 17 March (Argus) — The US has opened an investigation to determine whether Chinese aluminum extrusion producer China Zhongwang Holdings is circumventing antidumping duties after a petition from the Aluminum Extruders Council (AEC). The Commerce Department said that the petition
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    • NEWS | 17 Mar 19:22
    • SHFE increases nickel storage capacity by 46pc
    • London, 17 March (Argus) — The Shanghai Futures Exchange has added three new warehouses which will be able to store primary nickel and has expanded capacity in a fourth warehouses increasing its total nickel storage capacity by 32,000t or 46pc. The three new warehouses are China Shippin
    • Read more
    • COMMENTARY | 17 Mar 19:15
    • European stainless steel scrap prices flat
    • Houston, 17 March (Argus) — Stainless steel scrap prices remained unchanged in the latest week amid slow buying activity and a dip in terminal prices for nickel following recent gains. Scrap in northern Europe traded at 43-45¢/lb for 304 (18-8) scrap solids today and at 55-56¢/lb for 31
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    • NEWS | 17 Mar 17:03
    • Katanga focuses on recovery operation
    • London, 17 March (Argus) — Mining company Katanga Mining is turning its attention to recovery operations after a wall slide last week at its KOV mine in the Democratic Republic of Congo left four workers missing. After 10 days of searching three bodies have been found, one of which rema
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    • NEWS | 17 Mar 15:39
    • Nickel market moved into 8,100t deficit in January
    • London, 17 March (Argus) — The global primary nickel market moved into a deficit in January this year from a small surplus in December, said data from the International Nickel Study Group. Demand exceeded supply by 8,100t of metal after a series of production cuts triggered by low nicke
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    • NEWS | 17 Mar 15:02
    • Canada steel service center shipments edge up
    • Houston, 17 March (Argus) — Canadian service center shipments of steel products excluding structural products rose by 1.8pc in February from the prior month while months' supply of inventory fell to 3.1 months from 3.2 months. Service center steel shipments rose to 396,900nt (360,000 me
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    • NEWS | 17 Mar 12:54
    • VDM to close Essen titanium plant
    • London, 17 March (Argus) — German group VDM Metals will close its titanium melting and mill products fabrication site in Essen, Germany. Production will halt in August, but all existing customer orders will be produced and delivered, the company said. The closure does not affect VDM's o
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    • NEWS | 17 Mar 12:32
    • Sibanye gets competition nod for PGM acquisitions
    • Johannesburg, 17 March (Argus) — South African mining company Sibanye Gold has received approval from the country's competition authorities to acquire Aquarius Platinum and the Rustenburg operations of Anglo American Platinum (Amplats). The company said it will now proceed to meeting ot
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    • NEWS | 17 Mar 12:08
    • Amur raises $3.6mn in share placement
    • London, 17 March (Argus) — London-listed exploration company Amur Minerals focused on nickel-copper resource development in far-eastern Russia, has raised £2.5mn ($3.6mn) through a share issue to start-up investor Crede CG III. The company said it will use the funds raised for general c
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    • NEWS | 17 Mar 11:38
    • Peru tungsten mine suspends production
    • London, 17 March (Argus) — Peruvian miner Minero Tungsteno has suspended tungsten production until August at its El Sauco mine in northern Peru because of low prices. The company plans to use the period to install equipment to extract tungsten concentrate from the mine's waste deposit b
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    • NEWS | 16 Mar 22:49
    • US service center aluminum shipments up
    • Houston, 16 March (Argus) — US service center shipments of aluminum products rose by 4pc in February from the prior month while inventories fell to 3 months' supply from 3.1 months. Service center steel shipments totaled 183,000 net tons (166,014 metric tonnes) in February, compared wi
    • Read more
    • NEWS | 16 Mar 22:17
    • US aluminum premium falls on imports, China fears
    • Houston, 16 March (Argus) — The midwest premium for primary aluminum fell this week on abundant imports and fears of ramped up production in China. The premium fell to 8-7.75¢/lb from 8-8.25¢/lb a week earlier as London Metal Exchange cash prices for aluminum settled at $1,495/t (67¢/lb
    • Read more
    • NEWS | 16 Mar 22:03
    • US sets duties on imports of French brass
    • Houston, 16 March (Argus) — The US Commerce Department set antidumping duties of 42.2pc on imports of brass sheet and strip from France after finding the material was imported for a year from March 2014 at below fair market value. The duties apply to imports of the material produced by
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    • COMMENTARY | 16 Mar 21:28
    • Aluminum can prices follow LME lower
    • Houston, 16 March (Argus) — Used aluminum beverage can (UBC) prices fell this week as aluminum prices dropped by 3¢/lb and buyers slowed purchases as they waited for the market stabilize. UBC prices decreased to 59-61¢/lb today from 61-63¢/lb a week earlier and London Metal Exchange cas
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    • COMMENTARY | 16 Mar 21:12
    • Spreads widen on bare bright, No 1 scrap
    • Houston, 16 March (Argus) — Spreads widened on US bare bright scrap as demand weakened, breaking six weeks at level-Comex. US bare bright copper scrap price spreads widened by 1¢/lb on average this week to 1-3¢/lb under May Comex from level- to 2¢/lb under the most actively traded month
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    • COMMENTARY | 16 Mar 21:06
    • Copper cathode premiums flat amid weak demand
    • Houston, 16 March (Argus) — Premiums for grade A copper cathodes were unchanged in the US for a second week amid weak demand. Cathode Grade A premiums were at 5.5-6.0¢/lb delivered midwest consumer, unchanged. Still, sellers said some isolated deals were seen at 6.5¢/lb for prompt deliv
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    • NEWS | 16 Mar 19:41
    • Lithium Australia wins grant for Sileach process
    • London, 16 March (Argus) — Western Australia-based prospective lithium producer Lithium Australia (LIT) has secured a government grant and technical backing to advance its leaching technology to recover lithium from silicate minerals. The company was awarded an Innovation Connections Gr
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    • NEWS | 16 Mar 19:31
    • Cradle tests ferro-niobium production in Tanzania
    • London, 16 March (Argus) — Australia mining firm Cradle Resources is preparing to produce ferro-niobium from raw material extracted from the Panda Hill niobium project in Tanzania. This comes as Cradle posts a $9.3mn loss for 2015 compared with a $1.2mn for the previous twelve months. F
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    • NEWS | 16 Mar 19:24
    • Aluminium price rise spurs China smelter restarts
    • Washington, 16 March (Argus) — Chinese aluminium producers that had planned to slow production are instead ramping up, encouraged by a rise in prices and aided by subsidies from local governments. As soon as the Shanghai Futures Exchange (SHFE) spot price rose to near 11,500 yuan/t ($1,
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    • NEWS | 16 Mar 19:18
    • US FeMo imports fall in January
    • New York, 16 March (Argus) — US ferro-molybdenum imports continued to fall sharply in January compared with the same period a year earlier, but were up 42.1pc on the month prior, according to data from the US International Trade Commission (ITC). Imports of ferro-molybdenum were 72,917k
    • Read more
    • NEWS | 16 Mar 18:46
    • US FeCr imports mixed in January
    • New York, 16 March (Argus) — US ferro-chrome imports were mixed in January, according to data from the US International Trade Commission (ITC). Imports of ferro-chrome containing more than 4pc carbon (C) were reported as 11,065t, down from 60,573t in January last year, but more than dou
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    • NEWS | 16 Mar 18:40
    • US FeV imports fall in January
    • New York, 16 March (Argus) — US ferro-vanadium imports fell three-fold in January compared with the same period last year, according to data from the US International Trade Commission (ITC). Imports of the steelmaking raw material in January were 101,520kg compared with 347,930kg in the
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    • NEWS | 16 Mar 18:23
    • Violence overshadows Venezuelan mining campaign
    • Caracas, 16 March (Argus) — The discovery of a mass grave in Venezuela's mining heartland has reinforced perceptions of lawlessness that challenge the cash-starved government´s efforts to attract large-scale foreign investment. The government of president Nicolas Maduro yesterday confir
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    • COMMENTARY | 16 Mar 18:04
    • Aluminium extrusion premiums rise in Europe
    • Houston, 16 March (Argus) — Premiums for aluminium extrusion billet in Europe rose in the latest week as a strike at a Rio Tinto Alcan smelter in Iceland boosted demand for the material. Premiums for extrusion billet in northern Europe increased to $320-350/t from $310-320/t the prior w
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    • NEWS | 16 Mar 17:34
    • CFTC aims to finalize position limits rule in 2016
    • Boca Raton, 16 March (Argus) — The US Commodity Futures Trading Commission (CFTC) this year is aiming to finalize its long-delayed rule that would set first-time position limits on key contracts for crude, diesel, gasoline and natural gas. CFTC chairman Timothy Massad established the ne
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    • NEWS | 16 Mar 17:26
    • US steel service center stocks at multi-year low
    • Houston, 16 March (Argus) — US service center shipments of steel products rose by 4pc in February from the prior month while inventories fell to multiyear lows. Service center steel shipments totaled 3.18mn net tons (2.9mn metric tonnes) in February, compared with 3.05mn nt in January,
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    • NEWS | 16 Mar 17:22
    • Peru cadmium production up in January
    • London, 16 March (Argus) — Peru's cadmium production was 63t in January - 1t or 1.6pc higher than the 62t in the same month a year earlier, and 14.5pc up against December's output of 55t. For the whole of 2015, production was down 1.6pc against the previous 12 months at 757t from 769t,
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    • NEWS | 16 Mar 17:19
    • Zinc and lead in small supply deficit in January
    • London, 16 March (Argus) — Both the global primary zinc market and the global primary lead market were in a small supply deficit in January this year, data from the International Lead and Zinc Study group showed. Zinc production was 1.119mn t in January while usage reached 1.120mn t. Th
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    • NEWS | 16 Mar 16:07
    • Steel Dynamics eyes more shipments in quarter
    • Houston, 16 March (Argus) — US-based Steel Dynamics expects to ship more steel and ferrous scrap in the first quarter of 2016 than it did in the previous quarter. The company expects to see higher shipment volumes of both steel and ferrous scrap due to decreased import volumes of steel
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    • NEWS | 16 Mar 15:08
    • ArcelorMittal shuts Trinidad DRI plant
    • Kingston, 16 March (Argus) — Global steelmaker ArcelorMittal permanently shut down its 550,000 t/yr direct reduced iron (DRI) plant at Point Lisas in west central Trinidad this week, as cheaply priced imports from China and Turkey into Latin America have caused the plant "severe financia
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    • NEWS | 16 Mar 14:19
    • GMC posts loss, targets new funds at Mn project
    • London, 16 March (Argus) — Australia-listed Gulf Manganese Corporation GMC has reported a net loss of almost A$1.8mn ($1,32mn) in the first half of fiscal 2016 amid low world manganese alloy prices. GMC's reported loss compares with almost $850,000 of consolidated losses after income ta
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    • NEWS | 16 Mar 13:49
    • Energia flags maiden resource at Italy Zn project
    • Johannesburg, 16 March (Argus) — Perth-based Energia Minerals has announced a maiden resource estimate at its 100pc-owned Gorno zinc project in Northern Italy and is on track to complete a scoping study by the end of this month. The company said a maiden indicated and inferred resource
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    • NEWS | 16 Mar 12:20
    • Metal Tiger takes 50pc of Spain tungsten project
    • London, 16 March (Argus) — London-listed Metal Tiger has taken a 50pc stake in the Logrosán tungsten project in Spain. This comes after the company completed a €500,000 ($554,346) investment under the terms of a joint venture deal with Finland's Mineral Exploration Network. In 2015 Met
    • Read more
    • NEWS | 15 Mar 23:12
    • Real Alloy shipments down, posts loss
    • Houston, 15 March (Argus) — Sales volumes of Cleveland-based aluminum alloy producer Real Alloy fell by 3pc in the fourth quarter compared to the previous quarter as its parent company, Real Industry, posted a $6.9mn loss for 2015. Real Alloy's total invoiced tonnage for the quarter end
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    • NEWS | 15 Mar 23:07
    • US levies steel duties on UK and six others
    • Houston, 15 March (Argus) — The US Commerce Department today levied preliminary antidumping duties as high as 49pc on certain hot-rolled steel flat products from the UK, and set lower duties on imports from Brazil, Australia and four other countries. UK exporters will face the highest a
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    • NEWS | 15 Mar 21:53
    • Canada leads gain in US steel exports
    • Houston, 15 March (Argus) — US steel exports grew by 7.8pc in January from the prior month, led by a gain in shipments to Canada. US exports grew to 782,172 net tons (709,574metric tonnes) in January from December, but were down by 15.5pc from the same month a year earlier, the American
    • Read more
    • COMMENTARY | 15 Mar 21:35
    • Mill grade aluminum scrap prices soften with LME
    • Houston, 15 March (Argus) — Mill-grade aluminum scrap prices softened this week as primary aluminum dropped and market participants waited for it to stabilize. LME cash official prices for aluminum settled at $1,508/t (68¢/lb) today, down from $1,590/t (72¢/lb) a week earlier. Most mil
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    • COMMENTARY | 15 Mar 19:57
    • Copper cathode premiums fall in Europe
    • Houston, 15 March (Argus) — Premiums for grade A copper cathodes in Europe declined in the latest week, amid oversupply of available cathodes. Premiums for grade A cathodes in-warehouse Rotterdam traded at $45-55/t, down from $50-55/t in the prior week. Off-grade cathodes remained the
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    • NEWS | 15 Mar 19:50
    • Mine suspensions limit 2015 US molybdenum output
    • New York, 15 March (Argus) — US molybdenum concentrate production during 2015 fell by 25.6pc from a year earlier, largely reflecting idlings at mines in Arizona, Idaho and New Mexico. Molybdenum production declined to 50,300t in 2015 from 67,600t in 2014, according to data from the US G
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    • NEWS | 15 Mar 19:07
    • Evraz’s sales volumes drop in North America
    • Evraz's sales volumes drop in North America Houston, 15 March (Argus) — Russia-based Evraz group's North America segment sold 15pc less steel by volume in 2015 than it did the prior year as sales of construction, railway, flat rolled and tubular products fell. The company's steel produc
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    • NEWS | 15 Mar 19:04
    • Constellium aluminum shipments grow, profits fall
    • Houston, 15 March (Argus) — Amsterdam-based rolled aluminum producer Constellium increased its shipments by 39pc in 2015 from a year earlier as the company's acquisition of Wise Metals boosted capacity. Shipments totaled 1.48mn metric tonnes in 2015, up from 1.06mn t a year earlier, fue
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    • COMMENTARY | 15 Mar 18:37
    • US Sb, Bi, Cd markets flat
    • Houston, 15 March (Argus) — US antimony prices were stable this week amid low-key trading and a weakened Chinese market. Antimony metal (Sb 99.65pc) prices were flat for a second week between $2.40-2.60/lb. Prices in the US rose 26 February by 10¢/lb on concerns that Chinese producers h
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    • NEWS | 15 Mar 18:32
    • Gas-rich Peru in throes of rocky presidential race
    • Lima, 15 March (Argus) — The presidential field in South America´s sole LNG exporter Peru has abruptly coalesced around two right-of-center candidates ahead of 10 April elections, but the climate remains turbulent. Former congresswoman Keiko Fujimori, the daughter of jailed former presi
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    • NEWS | 15 Mar 17:49
    • US imports of silicon metal mixed in January
    • New York, 15 March (Argus) — US imports of silicon metal were mixed in January compared with the same period a year earlier, with silicon containing by weight not less than 99.99pc of silicon rising, while imports of metal containing by weight less than 99.99pc but not less than 99pc sil
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    • COMMENTARY | 15 Mar 17:07
    • US indium stable, selenium continues decline
    • Houston, 15 March (Argus) — US indium prices were unchanged this week amid stable levels of demand. Indium ingot (In 99.99pc) prices were flat between $235-250/kg for a second straight week, after rising by an average $7.5/kg over the two weeks prior. Consumers continued to purchase sm
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    • NEWS | 15 Mar 16:56
    • Alcoa spin-off to be called Arconic
    • Houston, 15 March (Argus) — US aluminum producer Alcoa has named the value-added products half of its company "Arconic" and plans to complete the spin off by the end of the year. The spin-off, which was announced September, will allow Alcoa to protect its higher-margin value-added group
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    • NEWS | 15 Mar 16:15
    • Russia's Norilsk nickel sales down by 11pc in 2015
    • London, 15 March (Argus) — Russia's Norilsk Nickel, the world's largest nickel and palladium producer has said lower metal prices, the sale of international assets and preparing the shut-down of a nickel plant in Norilsk caused a 28pc decline in its revenue in 2015 to $8.5bn. Earnings b
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    • NEWS | 15 Mar 15:50
    • Gerdau 2015 steel shipments down in North America
    • Houston, 15 March (Argus) — Brazil-based steel producer Gerdau North America operations shipped 4pc less steel last year as total steel imports to the region offset high levels of demand from the non-residential construction industry. The company's North America unit, which includes th
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    • COMMENTARY | 15 Mar 15:11
    • LME minors: Cobalt pares gains on flat physicals
    • London, 15 March (Argus) — London Metal Exchange (LME) cobalt is down in the past week, paring gains from the previous week as the initial upturn in physical prices after China late last month said it will increase its buying programme in the near term did not follow through. LME cash c
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    • NEWS | 15 Mar 14:51
    • Nucor expects modest improvements for 2016
    • Houston, 15 March (Argus) — US steelmaker Nucor expects a "modest" improvement in market conditions for the first quarter and full-year 2016. The North Carolina-based producer said today that it expects to benefit from "a small decline in import volumes and more balanced inventory level
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    • NEWS | 15 Mar 14:39
    • Antofagasta keeps output guidance amid profit fall
    • London, 15 March (Argus) — London-listed Antofagasta, which mines copper and molybdenum in Chile has maintained production guidance for 2016 after profit from continued operations fell 88pc to $99mn last year. Revenues fell 34pc to $3.4bn in 2015, due to a 24pc drop in copper prices ami
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    • NEWS | 15 Mar 14:31
    • Latrobe signs MOU to supply magnesium to Japan
    • Johannesburg, 15 March (Argus) — Australia's Latrobe Magnesium has signed a memorandum of understanding to sell 4,000 t/yr of magnesium to Advanced Materials Corporation of Japan and is aiming to pre-sell all of the 40,000 t/yr output it expects to come from a production facility it is e
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    • NEWS | 14 Mar 20:02
    • US raw steel output up on Great Lakes increase
    • Houston, 14 March (Argus) — US raw steel production for the week ending 12 March rose by 2.9pc from the prior week as production strengthened by 25,000net tons (22,680 metric tonnes) in the Great Lakes region. US output of raw steel increased to 1.72mn nt from 1.67mn nt the week prior
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    • NEWS | 14 Mar 19:54
    • Wisco plans large-scale steel sector job cuts
    • Singapore, 14 March (Argus) — China's state-controlled steelmaker Wuhan Iron Steel (Wisco) plans to cut its workforce by more than 60pc, as its aims to adapt to market forces and reduce overcapacity. Around 40,000-50,000 people would have to leave the company, Wisco chairman Ma Guoqia
    • Read more
    • COMMENTARY | 14 Mar 19:33
    • UK secondary aluminium ingots rise
    • Houston, 14 March (Argus) — Selected UK secondary aluminium die casting ingots rose in the latest week as producers seek to pass along costs from higher-priced scrap to customers, while German alloys remained unchanged. LM 6 and LM 25 fob UK smelters increased 2-3¢/lb to 93-98¢/lb from
    • Read more
    • NEWS | 14 Mar 18:40
    • Two bidders shortlisted for Kyrgyz RE deposit
    • London, 14 March (Argus) — Kyrgystan's geology and natural resources agency has shortlisted two central Asian companies in the tender to develop the large rare earths and beryllium deposits in the country. Kyrgyzstan is auctioning 20-year licences to develop the Kutessay II polymetallic
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    • NEWS | 14 Mar 18:29
    • A.M. Castle’s metal sales drop in 2015
    • A.M. Castle's metal sales drop in 2015 Houston, 14 March (Argus) — US-based metals distributor A.M. Castle's sales fell by 32pc in 2015 as a result of a "challenging" market environment. The Illinois-based company sold $638mn of metal in 2015 compared to $842mn in 2014. "2015 was a year
    • Read more
    • NEWS | 14 Mar 18:20
    • World's largest aluminium producer plans increase
    • London, 14 March (Argus) — China Hongqiao, which last year surpassed Russia's Rusal as the world's largest aluminium producer, plans to increase its annual capacity this year by around 15pc. The company is in the process of investing 15bn yuan to expand its output of aluminium, alumina,
    • Read more
    • NEWS | 14 Mar 16:38
    • US will not impose SiMn AD duties on Australia
    • London, 14 March (Argus) — The US will not impose anti-dumping duties on imports of silico-manganese from Australia after the US International Trade Commission (ITC) last weekend said that the imports do not pose a threat to domestic producers. In a unanimous decision, the ITC said that
    • Read more
    • COMMENTARY | 14 Mar 16:01
    • US Mg: Prices flat amid low-key demand
    • New York, 14 March (Argus) — US magnesium offers were unchanged this week, as consumers look to the second quarter for new orders. US magnesium (Mg 99.9pc) prices held this week at $3,528-3,748/t ($1.60-1.70/lb). Prices have been flat for the past two weeks amid thin trading, following
    • Read more
    • COMMENTARY | 14 Mar 15:45
    • US cobalt prices rise on tight supply
    • New York, 14 March (Argus) — US high-grade cobalt prices rose this week amid continued supply tightness and small tonnage trading. High-grade cobalt (Co 99.8pc) prices increased to $11.00-11.50/lb from $10.95-11.40/lb a week earlier. Prices increased for a third consecutive week, gainin
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    • NEWS | 14 Mar 15:36
    • Strike ends at ArcelorMittal Mexico plant
    • Houston, 14 March (Argus) — Members of Mexico's mining and steelworkers' union Los Mineros agreed to return to work today at steelmaker ArcelorMittal's plant in the city of Lazaro Cardenas after negotiating an agreement with management to end a 10-day strike. In talks mediated by the la
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    • NEWS | 14 Mar 15:04
    • Cliffs to resume Minnesota pellet production
    • Houston, 14 March (Argus) — US-based iron ore producer Cliffs Natural Resources plans to resume iron ore pellet production at its Northshore Mining operation in Minnesota by 15 May in response to increased customer demand. The Northshore Mining operation is comprised of a mine and a tac
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    • NEWS | 14 Mar 13:05
    • Wolf ramping up UK tungsten production
    • London, 14 March (Argus) — Australian tungsten mining firm Wolf Minerals is ramping up output at the Drakelands mine in Devon UK and aims to reach a steady production rate in second quarter 2016. Since taking operational control of the processing plant from its engineering contractor in
    • Read more
    • NEWS | 14 Mar 12:53
    • S Africa’s IDC funds DRC tin project
    • S Africa's IDC funds DRC tin project Johannesburg, 14 March (Argus) — South Africa's state-owned development finance group, the Industrial Development Corporation (IDC) has said that it will play an important role in funding a high-grade tin project in the Democratic Republic of Congo..
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    • ANALYSIS | 12 Mar 00:01
    • This Week in Metals: 7-11 March
    • Gradual bottoming out of metal markets and stabilization this year, with an upturn in 2017, was the prevailing view at the Argus Metals Week held in London this week. The event, which grew out of half a decade of annual nickel-cobalt-molybdenum meetings, brought together buyers, consu
    • Read more
    • NEWS | 11 Mar 23:30
    • General Moly and AMER to cut costs in 2016
    • New York, 11 March (Argus) — Losses of Colorado-based molybdenum mine developer General Moly increased by 22pc during 2015 as the company's power transmission contract ended. Losses grew to $15.22mn in 2015 from $10.96mn a year earlier with the termination of the company's power transmi
    • Read more
    • NEWS | 11 Mar 23:26
    • Phosphor copper maker files Korean trade petition
    • Houston, 11 March (Argus) — Pennsylvania-based Metallurgical Product Company has filed a petition with the US International Trade Commission (ITC) requesting an antidumping investigation into South Korean phosphor copper imports. The filing asserts that the imports are being sold at dum
    • Read more
    • COMMENTARY | 11 Mar 22:14
    • Aluminum alloy prices rise on scrap costs
    • Houston, 11 March (Argus) — Prices of most secondary aluminum alloys increased this week as a shortage of shredded products continued to drive up the cost of securing smelter grade scrap. A380.1 prices increased to 86-88¢/lb from 86-87¢/lb a week earlier. 319.1 increased to 90-91¢/lb fr
    • Read more
    • COMMENTARY | 11 Mar 21:57
    • US FeW, FeB hold on flat steel demand
    • New York, 11 March (Argus) — US ferro-tungsten prices were stable this week amid flat demand from US steel mills. Ferro-tungsten (W 75pc) prices held at $13.00-13.25/lb this week, unchanged at over 11-year lows. Prices have held within $13.00-13.50/lb since bottoming out 19 November a
    • Read more
    • COMMENTARY | 11 Mar 21:49
    • US FeSi market stabilizes amid flat demand
    • Houston, 11 March (Argus) — Ferro-silicon (Si 75pc) prices were flat at 66-69¢/lb this week, after rising by 1¢/lb a week earlier. Prices stabilized amid flat demand from US steel mills. Slowing imports of Brazilian and Chinese alloy pushed up offers last week. Sanming Iron Steel i
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    • COMMENTARY | 11 Mar 21:44
    • Low-key trading supports US noble alloy markets
    • Houston, 11 March (Argus) — US molybdenum prices were unchanged this week, supported by consistent low volume trading. US molybdenum oxide (Mo 57pc) prices held at $5.30-5.50/lb for a second week. Prices have been flat since rising 25 February by 5¢/lb amid thin trading. Minimal near-t
    • Read more
    • COMMENTARY | 11 Mar 21:26
    • US export zorba gains on lack of material
    • Houston, 11 March (Argus) — Prices of US zorba for shipment to Asia rose in the latest week amid lack of available material and pressure from competitive domestic pricing. Prices of zorba, 94pc metallic with 3-4pc red metal content, rose to 60-61¢/lb cif China from 57-60¢/lb the prior w
    • Read more
    • COMMENTARY | 11 Mar 20:26
    • Stainless scrap rises on pickup in orders
    • Houston, 11 March (Argus) — Process buying prices for stainless steel scrap rose in the US this week amid increased bookings through April and stockpiling by brokers in some regions. Processor buying prices for type-304 (18-8) scrap solids traded at $955-985/gt today, up from $920– 975/
    • Read more
    • COMMENTARY | 11 Mar 19:21
    • WEEK IN REVIEW: Rebalancing metal markets
    • London, 11 March (Argus) — Gradual bottoming out and stabilisation this year and an upturn in 2017 - this was the prevailing view at the Argus Metals Week held in London this week. The event, that grew out of half a decade of annual nickel-cobalt-molybdenum (NiCoMo) meetings, encompas
    • Read more
    • NEWS | 11 Mar 18:10
    • LME copper, aluminium rise on ECB stimulus
    • London, 11 March (Argus) — Speculators dominated London Metal Exchange (LME) trading this week pushing tin prices higher despite a lack of fundamental news and zinc prices down. Both nickel and lead were almost unchanged. Three-month tin traded at $16,776/t Friday, up from $16,490/t las
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    • NEWS | 11 Mar 18:07
    • LME tin higher, zinc down, nickel trades unchanged
    • London, 11 March (Argus) — Speculators dominated London Metal Exchange (LME) trading this week pushing tin prices higher despite a lack of fundamental news and zinc prices down. Both nickel and lead were almost unchanged. Three-month tin traded at $16,776/t Friday, up from $16,490/t las
    • Read more
    • NEWS | 11 Mar 17:32
    • Global copper market in balance, group says
    • Houston, 11 March (Argus) — The global copper market is forecast to remain "essentially balanced" in 2016-2017, reflecting weakening economic growth and project curtailments, the International Copper Study Group said in its latest forecast. Global apparent refined usage in 2016 is forec
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    • NEWS | 11 Mar 12:48
    • Outokumpu forecasts 3pc annual growth in stainless
    • London, 11 March (Argus) — World stainless steel demand, a key consumption sector for some ferro-alloys and minor metals, is set to hit 39.2mn t in 2017 after reaching 38mn t this year, according to the latest company performance report from Finnish stainless steel producer Outokumpu. W
    • Read more
    • NEWS | 11 Mar 12:36
    • African Rainbow Minerals eyes further cost cuts
    • Johannesburg, 11 March (Argus) — Diversified South African mining company African Rainbow Minerals (ARM) believes commodity prices have stabilised after last year's sharp fall, but it is continuing to focus on cost-cutting and protection of resource value. The company said in its result
    • Read more
    • COMMENTARY | 10 Mar 23:50
    • Secondary aluminum scrap prices rise
    • Houston, 10 March (Argus) — Prices increased this week for many grades of secondary aluminum scrap on short supply. High-grade turnings increased for the fourth week in a row as secondary smelters sought cheaper feedstock for producing alloys. Prices increased to 55-57¢/lb from 53-55¢/l
    • Read more
    • COMMENTARY | 10 Mar 23:10
    • Stronger US FeTi demand offset by oversupply
    • New York, 10 March (Argus) — US ferro-titanium prices were flat this week as abundant supplier inventories offset an increase in steel mill demand. US ferro-titanium (Ti 70pc) was unchanged at $1.65-1.80/lb, and has held flat since a 21 January increase of 2.5¢/lb. The market for the
    • Read more
    • COMMENTARY | 10 Mar 22:53
    • US FeCr: Demand flat amid abundant supply
    • Houston, 10 March (Argus) — US ferro-chrome prices stabilized on flat demand this week after softening a week earlier. US high-carbon ferro-chrome (Cr 60pc C 6-8pc) prices held between $0.92-0.94/lb this week. Prices fell for the four consecutive weeks prior by an average 7.5¢/lb amid o
    • Read more
    • COMMENTARY | 10 Mar 22:41
    • US manganese prices mixed amid thin trading
    • Houston, 10 March (Argus) — US silico-manganese prices were flat this week amid tightened supply with thin trading. US silico-manganese (Mn 65pc, Si 16pc) prices held at $0.38-0.40/lb. Prices rose for the two weeks prior by an average 4.5¢/lb as productions cuts limited US inventories
    • Read more
    • COMMENTARY | 10 Mar 22:28
    • LME nickel gain pushes stainless scrap higher
    • Houston, 10 March (Argus) — A surge in London Metal Exchange nickel prices early in the week pushed up stainless steel scrap prices, which helped draw out material being held by larger scrap dealers. Scrap in northern Europe traded at 43-44¢/lb for type 304 (18-8) scrap solids today fro
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    • NEWS | 10 Mar 21:12
    • Ryerson ships less at lower prices in 2015
    • Houston, 10 March (Argus) — Metals processor and distributor Ryerson Holding shipped 6.3pc less tonnage in 2015 than it did the year prior while average price per ton declined by 6.7pc. The Chicago-based company's overall volumes declined to 1.9mn net tons (1.7mn metric tonnes) last ye
    • Read more
    • NEWS | 10 Mar 20:29
    • US brass mill imports fall faster than exports
    • Houston, 10 March (Argus) — US imports of brass mill products were down by 16.5pc in January compared to year earlier levels, while exports fell by 11.8pc. US brass mill products imports totaled 33.5mn lbs in January compared with 40.1mn lbs in the same month a year prior, the Washingt
    • Read more
    • NEWS | 10 Mar 19:58
    • Venezuela eyes gold rush as oil sinks
    • Caracas, 10 March (Argus) — Venezuela´s government is aggressively promoting mining investment in a bid to raise billions of dollars in fresh loans and investment capital as falling oil revenues are worsening an unprecedented economic crisis. State-owned oil company PdV has signed more
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    • NEWS | 10 Mar 18:14
    • US magnesium imports increase in January
    • New York, 10 March (Argus) — US unwrought magnesium metal imports increased 1.2pc in January compared with the same period last year and were also up 42.5pc on the month prior, according to latest data from the US International Trade Commission (ITC). Imports of unwrought magnesium meta
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    • NEWS | 10 Mar 18:12
    • Constellium writes down Wise Metals assets
    • Houston, 10 March (Argus) — Amsterdam-based aluminum producer Constellium plans to record an impairment charge of approximately €400mn ($445mn) related to its acquisition of Muscle Shoals, Alabama-based Wise Metals which closed in January 2015. The charge will appear in the company's 20
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    • NEWS | 10 Mar 17:57
    • Kola MMC restarts upgraded matte furnace
    • London, 10 March (Argus) — Russia's Norilsk Nickel's subsidiary Kola MMC has completed an $10.3mn upgrade of an orethermic furnace. The furnace No 5, with capacity to produce 150,000-180,000 t/yr nickel-copper matte has been brought back online. It will take on the full operational load
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    • NEWS | 10 Mar 17:49
    • Boliden buys nickel mine in Northern Finland
    • London, 10 March (Argus) — Swedish mining company Boliden is to buy the Kevitsa nickel mine in Northern Finland from Canadian miner First Quantum for $712mn in cash. Boliden's main output is zinc but it also produces copper, lead, silver and gold. One of Boliden's smelters treats nickel
    • Read more
    • NEWS | 10 Mar 17:41
    • Third body found at Katanga DRC mine
    • London, 10 March (Argus) — Rescuers have found a third body at Switzerland-based Katanga Mining's KOV copper-cobalt mine in the Democratic Republic of Congo, following a wall slide during dewatering operations on 8 February. Four workers are unaccounted for as search operations continue
    • Read more
    • NEWS | 10 Mar 16:15
    • Argus Metals Week: Challenging time for chromium
    • London, 10 March (Argus) — Large backlog of orders in aerospace for new aircraft and new generation engines is positive for long-term chromium metal demand, chromium producer DCX Chrome sales manager Yoran Guenegou told the Argus Metals Week conference in London. But in the short term,
    • Read more
    • NEWS | 10 Mar 13:21
    • S Africa power price rise to wipe out cost savings
    • Johannesburg, 10 March (Argus) — South Africa's mining companies and alloy producers face a 9.4pc electricity tariff increase from 1 April, wiping out their efforts to cut costs and weather low commodity prices. Chris Griffith, the chief executive of Anglo American Platinum, said yester
    • Read more
    • NEWS | 10 Mar 12:54
    • Mincor flags 28,000t growth in Ni reserves
    • Johannesburg, 10 March (Argus) — Perth-based nickel producer Mincor has added more than 28,000t of contained nickel-in-ore to its reserves following the completion of two feasibility studies near Kambalda in Western Australia. The company said in an update that it has a maiden reserve o
    • Read more
    • NEWS | 09 Mar 22:43
    • Aleris aluminum shipments grow, profits fall
    • Houston, 9 March (Argus) — Rolled aluminum product manufacturer Aleris boosted its shipments by 3.5pc in 2015 compared to a year earlier, reporting increased volumes in each of the company's three global regions. Total shipments rose to 822,400 metric tonnes from 793,800t a year earlier
    • Read more
    • NEWS | 09 Mar 22:34
    • US steel mill shipments rise in January
    • Houston, 9 March (Argus) — US steel mill shipments rose by 7.2pc in January from the prior month. Shipments increased to 7mn net tons (6.4mn metric tonnes) in January from 6.6mn nt in December, the American Iron and Steel Institute said today. Meanwhile, shipments fell by 9.4pc from 7
    • Read more
    • NEWS | 09 Mar 22:31
    • Hunter Douglas shipments, profits up
    • Houston, 9 March (Argus) — Dutch architectural manufacturer Hunter Douglas increased its profits by 25pc in 2015 from a year earlier. Profits grew to $156mn from $125mn, fueled by a combined 3pc growth in sales volumes in North America, Europe and Australia. The company expects "slow g
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    • NEWS | 09 Mar 22:06
    • China drop leads US tungsten imports lower
    • New York, 9 March (Argus) — US imports of tungsten products for consumption fell by 24pc in January-November 2015 from a year earlier. The US imported 7,810t of tungsten products for the first 11 months of 2015, down from 10,300t a year earlier, according to data from the US Geological
    • Read more
    • COMMENTARY | 09 Mar 21:57
    • Bare bright spreads hold as Comex rises
    • Houston, 9 March (Argus) — A jump in the price of copper on the Comex this week translated into higher scrap buying prices for US consumers even as spreads remained unchanged. The Comex copper price for the most active contract closed at $2.2325/lb today, basis May Comex, up by 2.4pc f
    • Read more
    • COMMENTARY | 09 Mar 20:18
    • US aluminum premium remains flat
    • Houston, 9 March (Argus) — The midwest premium for physical aluminum was unchanged this week as high volume spot transactions remained scarce. The premium stayed at 8-8.25¢/lb for a second consecutive week as well-supplied, larger consumers continued to work through beginning-of-the-yea
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    • COMMENTARY | 09 Mar 20:00
    • European aluminium premiums flat for third week
    • Houston, 9 March (Argus) — Premiums for alminium in-warehouse Rotterdam were flat for a third week in a row as business remains stable. The P1020 duty unpaid spot premium held at $80-90/t while the duty paid spot premium remained at $130-140/t for a third week. Premiums for extrusion b
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    • COMMENTARY | 09 Mar 19:36
    • Aluminum can spreads narrow on down LME
    • Houston, 9 March (Argus) — Used aluminum beverage can (UBC) spreads narrowed this week as primary aluminum prices fell more rapidly than the prices buyers were paying for the scrap. UBC prices decreased to 61-63¢/lb today from 62-63¢/lb a week earlier and London Metal Exchange cash pric
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    • NEWS | 09 Mar 18:13
    • US rare earth imports rise in January
    • New York, 9 March (Argus) — US imports of rare earths started the year on a strong note, with imports of rare earth oxides more than doubling and rare earth metal imports up by 32pc on a year earlier, the latest data from the US International Trade Commission (ITC) show. US imports of r
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    • NEWS | 09 Mar 17:24
    • Global Brass and Copper ships less in 2015
    • Houston, 9 March (Argus) — Global Brass and Copper Holdings shipped 1.6pc less brass and copper alloys in 2015 than the prior year, as lower demand in the munitions market outstripped higher coinage demand. Full year volumes fell to 510mn lbs last year, compared with 520.4mn lbs in 2014
    • Read more
    • COMMENTARY | 08 Mar 23:07
    • Aluminum mill grade scrap spreads tighten
    • Houston, 8 March (Argus) — Mill grade aluminum scrap spreads tightened this week as secondary smelters competing with mills for scrap drove prices higher. Cash prices for London Metal Exchange aluminum settled at $1,590/t (72¢/lb) today, down from $1,590.50/t a week earlier, but multipl
    • Read more
    • NEWS | 08 Mar 20:57
    • US magnesium imports fall in 2015
    • New York, 8 March (Argus) — US imports of magnesium for consumption fell by 5.1pc in 2015 from a year earlier, according to data from the US Geological Survey (USGS). The US imported 49,300t of magnesium products in 2015, down from 52,000t in 2014. Imports of magnesium metal in 2015 de
    • Read more
    • COMMENTARY | 08 Mar 20:30
    • Grade A cathodes rise in Europe, off-grades flat
    • Houston, 8 March (Argus) — Premiums for grade A copper cathodes in Rotterdam rose in the latest week amid higher demand for better-grade cathodes while premiums for off-grade cathodes remained unchanged amid plentiful supply. Premiums for grade A cathodes in-warehouse Rotterdam rose to
    • Read more
    • NEWS | 08 Mar 19:55
    • Anglo upbeat on ferro-niobium market outlook
    • London, 8 March (Argus) — Global mining group Anglo American has said it remains upbeat about the outlook for the ferro-niobium market, particularly compared with other noble-alloys such as ferro-molybdenum, ferro-vanadium and ferro-tungsten. Anglo American Niobium sales manager Frank J
    • Read more
    • COMMENTARY | 08 Mar 19:26
    • Ferrous Scrap: Europeans seize opportunity
    • London, 8 March (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey premium steel scrap assessment moved up $5.80/t to $210.80/t cfr Turkey today, based on the assessment of three deals concluded in the last 24 hours. A northern Russian seller confirmed a sale of 8,000t of bonus quality
    • Read more
    • COMMENTARY | 08 Mar 19:20
    • US Mg: Price holds on lack of buying interest
    • New York, 8 March (Argus) — US magnesium price continued to show signs of stability this week as a move by suppliers to try and maintain current pricing levels offsets the lingering impact of lower demand. US magnesium min 99.9pc was assessed holding in an range of $1.60-1.70/lb on 8 Ma
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    • COMMENTARY | 08 Mar 19:13
    • US overview: Tellurium, cadmium extend gains
    • New York, 8 March (Argus) — The cadmium and tellurium markets extended recent gains, keeping prices at a premium to material in Europe. But other metals remained rangebound as moves by sellers to support prices offset the weight of low demand. Antimony Prices for 99.65pc metal held th
    • Read more
    • COMMENTARY | 08 Mar 18:26
    • US antimony, bismuth markets mixed
    • New York, 8 March (Argus) — US antimony prices were flat this week as demand was little changed and Chinese producers delayed planned curtailments. Antimony metal (Sb 99.65pc) prices held this week at $2.40-2.60/lb, after rising by 10¢/lb a week earlier on tightened supply. US demand co
    • Read more
    • COMMENTARY | 08 Mar 17:55
    • US indium prices flat, tellurium rises
    • Houston, 8 March (Argus) — US indium prices stabilized this week amid flat demand after a two-week run-up on tightened supply. Indium ingot (In 99.99pc) prices held between $235-250/kg, after rising for the two previous weeks by an average $7.5/kg. US supplier inventories continue to b
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    • NEWS | 08 Mar 16:14
    • Shippers, railcar manufacturers face challenges
    • Houston, 8 March (Argus) — Shippers and railcar manufacturers face challenges as demand for major commodities falls, clouding fleet replacement needs. The extension last year of tax breaks for wind and solar generation will increase use of renewable energy, adding to the pressure on co
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    • NEWS | 08 Mar 14:58
    • Ucore completes US pilot RE separation plant
    • London, 8 March (Argus) — Canadian firm Ucore Rare Metals has completed construction of its rare earth separation pilot plant in Salt Lake city, Utah. The facility, which utilises Ucore's Superlig molecular recognition technology (MRT), is in a pre-production quality control and testin
    • Read more
    • ANALYSIS | 08 Mar 14:51
    • Argus Metals Week: PW use of high-temp metals up
    • London, 8 March (Argus) — US engine maker Pratt and Whitney's (PW) demand for metals to go into its casting and forging alloys will rise significantly between now and 2021 as new engine production expands, Bill Reid, the company's strategic sourcing manager told Argus Metals Week 2016 co
    • Read more
    • NEWS | 08 Mar 14:47
    • US military sells 700st of FeCr in February
    • New York, 8 March (Argus) — US defence department's procurement arm, the Defense Logistics Agency (DLA), sold 700 short tons (st) of ferro-chrome in February for about $950,000. The sale included 200st of low carbon material and 500st of high carbon ferro-chrome. The material was sold t
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    • NEWS | 08 Mar 13:52
    • Metals shippers face crossroads on railcars
    • Houston, 8 March (Argus) — Metals shippers stuck in a lower-price environment will face questions in the next decade about how to replace an aging railcar fleet. Shippers moving steel scrap by rail will be challenged by the need to reinvest in their railcars while prices are forecast to
    • Read more
    • NEWS | 08 Mar 13:40
    • No Hedland Mn ore exports recorded in February
    • London, 8 March (Argus) — There were no recorded manganese ore shipments from Port Hedland in Australia in February, according to data from Port Hedland Port Authority. The move follows the shutdown of the Woodie Woodie manganese ore mine in Western Australia last month. Mine owner Cons
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    • NEWS | 08 Mar 13:21
    • FinnAust takes stake in Ti project owner
    • London, 8 March (Argus) — London-based FinnAust Mining, an exploration company with projects in Greenland, Finland and Austria, has acquired a 60pc stake in Bluejay Mining, the owner of an onshore exploration permit on the Pituffik titanium project in Greenland. The acquisition will ena
    • Read more
    • COMMENTARY | 08 Mar 13:11
    • LME minors: Cobalt tracks higher physical market
    • London, 8 March (Argus) — London Metal Exchange (LME) cobalt is up in the past week, reflecting gains in the physical sector where there is firmer than expected demand in Asia. LME cash cobalt on the trading platform settled at $23,295/23,305/t, from $22,800/22,800/t, while molybdenum s
    • Read more
    • NEWS | 08 Mar 11:29
    • Rand fall cushions FeCr producer Merafe
    • Johannesburg, 8 March (Argus) — A fall in the value of the South African rand cushioned integrated chrome and ferro-chrome producer Merafe Resources from sharply lower ore and alloy prices in 2015 and looks set to underpin its earnings again in 2016. The company said in its annual resul
    • Read more
    • NEWS | 07 Mar 22:42
    • US Antimony begins Los Juarez tests
    • New York, 7 March (Argus) — Montana-based antimony producer US Antimony has begun testing to determine whether its Los Juarez gold, silver and antimony property in Mexico will require the installation of a cyanide leach circuit. The company plans to finish crushing and assay tests to de
    • Read more
    • NEWS | 07 Mar 22:35
    • US levies duties on Indian welded stainless pipe
    • Houston, 7 March (Argus) — The US Commerce Department today levied preliminary countervailing duties on welded stainless pressure pipe from India. The ruling comes after Bristol Metals, Felker Brothers, Marcegaglia USA and Outokumpu Stainless USA filed a petition on 30 September with th
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    • NEWS | 07 Mar 22:29
    • US raw steel output down except in western region
    • Houston, 7 March (Argus) — US raw steel production for the week ending 5 March dipped by 1.1pc from the prior week. US output of raw steel fell to 1.67mn net tons (1.5mn metric tonnes) from 1.69mn nt the week prior, with capacity utilization falling to 71.5pc last week from 72.4pc the
    • Read more
    • COMMENTARY | 07 Mar 22:23
    • US Co: supply cuts push offers higher
    • Houston, 7 March (Argus) — US high-grade cobalt offers rose this week amid further supply tightness High-grade cobalt (Co 99.8pc) prices increased this week to $10.95-11.40/lb from $10.85-11.40/lb a week earlier. Prices rose for a second consecutive week, rebounding to levels from the f
    • Read more
    • COMMENTARY | 07 Mar 22:07
    • US magnesium prices flat
    • Houston, 7 March (Argus) — US magnesium prices held unchanged this week amid flat demand. US magnesium (Mg 99.9pc) prices were flat at $3,528-3,748/t ($1.60-1.70/lb) this week, since falling by $62/t a week earlier. Prices have fallen by an average $112/t since the start of the year ami
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    • COMMENTARY | 07 Mar 21:49
    • European aluminum ingots rise
    • Houston, 7 March (Argus) — Selected European and UK secondary aluminum die casting ingots rose by one penny amid steady sales and scarce supply of scrap. DIN 226 die casting ingots traded at 76-80 ¢/lb, compared with 75-78¢/lb a week earlier, while DIN 239 traded at 86-91¢/lb, up from 8
    • Read more
    • NEWS | 07 Mar 20:28
    • Mexico steelworkers strike ArcelorMittal
    • Houston, 7 March (Argus) — Members of Mexico's mining and steelworkers' union Los Mineros began a strike against steelmaker ArcelorMittal in the city of Lazaro Cardenas after the country's federal labor board refused to authorize the action. The local of Los Mineros began their strike o
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    • NEWS | 07 Mar 20:22
    • Superior Industries boosts aluminum wheel sales
    • Houston, 7 March (Argus) — Shipments from US automotive wheelmaker Superior Industries grew by 22pc in the fourth quarter of 2015 from a year earlier. The company shipped 3.2mn wheel units in the quarter ended December 31 up from 2.7mn units during the year earlier period. Superior nea
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    • NEWS | 07 Mar 17:40
    • Average APT prices forecast at $250/mtu in 2018
    • London, 7 March (Argus) — Average global APT prices could move up to around $250/mtu by 2018, Argus Consulting Services consultant Mark Seddon has said. Seddon made the forecast at the Argus 'Tungsten Summit' in London, predicting that a roughly 5,000 t/yr surplus could become a small d
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    • NEWS | 07 Mar 17:01
    • Ferbasa ferro-chrome output, profit up in 2015
    • London, 7 March (Argus) — Leading Brazilian ferro-chrome producer Ferbasa produced 137,056t of high carbon ferro-chrome in 2015 - a decrease of 16.7pc over the previous twelve months. This came on the back of a 37.6pc fall in fourth quarter output to 27,490t. Low carbon ferro-chrome pr
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    • NEWS | 07 Mar 16:58
    • Rio Tinto Kennecott lays off 200 workers
    • Houston, 7 March (Argus) — Utah-based copper producer Rio Tinto Kennecott has reduced its workforce by 200 employees to cut costs amid weak pricing for copper and other commodities. "These changes are necessary to ensure our business stays strong, to preserve our future and to continue
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    • NEWS | 07 Mar 16:36
    • Amur signs agreement with Russian state fund
    • London, 7 March (Argus) — London-listed mining company Amur Minerals has moved closer to securing government support for its flagship Kun-Manie nickel sulphide project in far-eastern Russia. The company has signed a non-binding heads of terms agreement with the Russian government's Far
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    • ANALYSIS | 07 Mar 16:33
    • Argus Metals Week: transparency in focus
    • London, 7 March (Argus) — International regulators are urging the metals industry to extend sourcing transparency beyond "conflict minerals" to human rights issues, such as child labour. To prevent tin ore purchases by international buyers from funding armed conflict in Democratic Repub
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    • ANALYSIS | 07 Mar 16:02
    • S Africa Mn sector: stabilising but vulnerable
    • London, 7 March (Argus) — The worst of the downturn may be behind South Africa's world-leading manganese industry, but oversupply and price concerns are still major factors affecting the outlook. Mining group Assore last week said in its half year results commentary that "the manganese
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    • NEWS | 07 Mar 15:19
    • Union to appeal court decision on US Steel Canada
    • Houston, 7 March (Argus) — The United Steelworkers (USW) union plans to appeal a decision by an Ontario court that granted US Steel creditor priority on a loan it allegedly provided to its indirect subsidiary US Steel Canada (USSC). The ruling by the Ontario Superior Court of Justice o
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    • NEWS | 07 Mar 15:00
    • US chrome imports and consumption fall in November
    • New York, 7 March (Argus) — US consumption of chrome for the first 11 months of 2015 fell by 2.6pc from a year earlier, according to data from the US Geological Survey (USGS). The US consumed 222,000 metric tonnes of chrome by weight in the January-November period of 2015, down from 228
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    • ANALYSIS | 07 Mar 14:57
    • Argus Metals Week: Tungsten recycling on the up
    • London, 7 March (Argus) — Recycling rates for tungsten have risen rapidly in Europe from 29pc in 2007 to 49pc in 2014 and more than 55pc last year, Burghard Zeiler, secretary general of the tungsten industry association ITIA told delegates at the Argus Metals Week Tungsten Forum. High
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    • NEWS | 07 Mar 13:33
    • Avanco pours first Cu concentrate at Antas
    • Johannesburg, 7 March (Argus) — Perth-headquartered Avanco Resources has poured the first copper concentrate at its Antas project in Brazil's Carajas mineral province. The company said in a project update that it will start commissioning its fully integrated plant by the end of March an
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    • COMMENTARY | 04 Mar 23:42
    • US ferrous prices gain $10, Chicago higher
    • Houston, 4 March (Argus) — Ferrous scrap prices for March deliveries have increased by $10/gross ton in most US regions and increased by an average of $15-20/gt in Chicago. The Argus monthly No 1 busheling assessment for Chicago settled at $200/gt today, with shredded scrap assessed a
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    • ANALYSIS | 04 Mar 23:36
    • This Week in Metals: 29 February-4 March
    • Houston, 4 March (Argus) — Prices of crude, iron ore, copper, nickel and other metals rebounded this week, partly in reaction to a move by China's central bank to lower its bank reserve requirements to boost liquidity in the slowing economy – a reminder that China's leaders are willing t
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    • COMMENTARY | 04 Mar 22:40
    • US FeSi prices up on tighter supply
    • Houston, 4 March (Argus) — Ferro-silicon (Si 75pc) prices rose this week as US suppliers raised offers amid reduced supply of imports. Ferro-silicon climbed to 65-69¢/lb this week from 65-68¢/lb a week earlier. Offers rose amid flat demand and reduced supply of imported Brazilian and Ch
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    • NEWS | 04 Mar 22:28
    • ATI workers to return after seven month lockout
    • Houston, 4 March (Argus) — Unionized employees of specialty metal producer Allegheny Technologies (ATI) will return to work on 13 March, ending a seven-month lockout that affected 2,200 workers across 12 facilities in six states. The United Steelworkers (USW) withdrew their complaint fi
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    • COMMENTARY | 04 Mar 22:25
    • US noble alloy prices hold amid flat steel demand
    • Houston, 4 March (Argus) — US molybdenum prices held flat this week as fewer near-term supplier inventories were offset by minimal demand. US molybdenum oxide (Mo 57pc) prices were stable at $5.30-5.50/lb this week after rising by an average 5¢/lb a week earlier. US supplier inventori
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    • COMMENTARY | 04 Mar 22:16
    • US FeSi prices up on tighter supply
    • Houston, 4 March (Argus) — Ferro-silicon (Si 75pc) prices rose this week as US suppliers raised offers amid reduced supply of imports. Ferro-silicon climbed to 65-69¢/lb this week from 65-68¢/lb a week earlier. Offers rose amid flat demand and reduced supply of imported Brazilian and Ch
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    • COMMENTARY | 04 Mar 22:06
    • US export zorba prices rise on China demand
    • Houston, 4 March (Argus) — Prices of US zorba for export to Asia rose as much as 5.3pc in the latest week, boosted by an increase in demand from China and rising terminal prices of aluminum. Prices of zorba, 94pc metallic with 3-4pc red metal content, rose to 57-60¢/lb cif China from 56
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    • NEWS | 04 Mar 20:40
    • US probes China over stainless imports
    • Houston, 4 March (Argus) — The Commerce Department today launched an investigation to determine whether stainless steel sheet and strip from China is being imported at less than fair value or receives help from government subsidies. The investigation comes in response to a petition fil
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    • COMMENTARY | 04 Mar 20:06
    • US stainless steel scrap prices rise
    • Houston, 4 March (Argus) — Processor buying prices for the most widely used stainless steel scrap rose in the US this week, taking a cue from gains in terminal nickel prices and amid restocking by stainless steel mills. Processor buying prices for type 304 (18-8) scrap solids traded at
    • Read more
    • NEWS | 04 Mar 19:03
    • US January ferrous scrap exports halved
    • Houston, 4 March (Argus) — Ferrous scrap exports from the US dropped by 52pc in January compared to the same month a year earlier, largely reflecting weaker demand from Turkey, Taiwan and South Korea. Commerce Department data showed ferrous scrap exports decreased to 467,838 metric tonn
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    • NEWS | 04 Mar 18:17
    • US judge orders Asarco to pay copper benefits
    • Houston, 4 March (Argus) — A US district court has issued a decision to enforce an arbitrator's award that Grupo Mexico subsidiary Asarco pay an estimated $10mn in negotiated quarterly bonuses based on the price of copper to workers hired since July 2011. Senior US district judge Stephe
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    • NEWS | 04 Mar 17:00
    • TMK Ipsco 2015 shipments fall
    • Houston, 4 March (Argus) — Steel pipe maker TMK Ipsco, the North American division of Russia's TMK group, sold 57pc less steel in 2015 compared to the prior year, and does not expect the North American pipe market to recover before 2017. The company shipped 440,000t of steel in 2015 com
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    • NEWS | 04 Mar 15:51
    • Shiloh Industries profits fall with scrap prices
    • Houston, 4 March (Argus) — Ohio-based automotive part manufacturer Shiloh Industries reported a net loss in the first quarter of 2016 due mostly to low scrap prices. Losses totaled $5mn in the quarter ended 31 January, down from a $2.4mn profit during the year-earlier period, from the e
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    • COMMENTARY | 04 Mar 15:47
    • US Ti: Market mixed amid stable sales
    • Houston, 4 March (Argus) — US ferro-titanium prices were unchanged this week as oversupply offset any upward movement from stable sales volumes. US ferro-titanium (Ti 70pc) held between $1.65-1.80/lb this week, unchanged for six weeks after rising 21 January by an average 2.5¢/lb. US t
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    • COMMENTARY | 04 Mar 15:39
    • US manganese markets rise on tight supply
    • Houston, 4 March (Argus) — US silico-manganese prices rose for a second straight week as US traders and distributors expect supply to continue tightening. US silico-manganese (Mn 65pc, Si 16pc) prices increased to 38-40¢/lb from 36-38¢/lb a week earlier. Prices have regained losses seen
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    • NEWS | 04 Mar 13:50
    • LME nickel, zinc, lead, tin trade higher
    • London, 4 March (Argus) — The mood of speculative investors at the London Metal Exchange (LME) seems to have made a U-turn this week and nickel, zinc, lead and tin all traded significantly higher. Metal prices have broken above resistance levels and funds are likely to continue buying i
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    • NEWS | 04 Mar 13:44
    • LME copper sharply higher, aluminium flat
    • London, 4 March (Argus) — London Metal Exchange (LME) copper increased sharply this week and volumes spiked to around 20,000 lots a day as funds started increasing their long positions. Aluminium also initially traded higher but by Friday prices were barely changed on the week. Going in
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    • NEWS | 04 Mar 13:26
    • Zambia Mn alloys producer targets April restart
    • London, 4 March (Argus) — Ferro Alloys Corporation Limited (FACL) is targeting a restart to its manganese processing operations in Kabwe, central Zambia in April this year, an official confirmed to Argus. The company has an installed capacity to produce about 18,000 t/yr of high-carbon
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    • NEWS | 04 Mar 13:15
    • EU terminates AD probe into India SiMn
    • London, 4 March (Argus) — The European Commission has terminated its anti-dumping investigation into imports of silico-manganese from India, according to the Official Journal of the European Union. "On the basis of the conclusions reached by the Commission on dumping, injury and causati
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    • NEWS | 04 Mar 13:02
    • Norsk Titanium to open additive manufacture plant
    • London, 4 March (Argus) — Norway-based titanium additive manufacturing specialist Norsk Titanium, broke ground this week on a new European assembly and test centre outside Oslo. Construction is due to be completed in October 2016 on the centre where it will assemble and test its MERKE I
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    • NEWS | 03 Mar 23:53
    • Weak US metal markets spur consolildation
    • Houston, 3 March (Argus) — Merger and acquisition activity in US metal markets is expected to pick up as companies with more liquidity look to take advantage of others floundering in the worst market environment some market participants have ever seen. Companies in a stronger liquidity
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    • COMMENTARY | 03 Mar 23:52
    • European stainless steel scrap flat
    • Houston, 3 March (Argus) — European stainless steel prices remained flat this week amid rising nickel prices. Scrap in northern Europe traded at 42-43¢/lb for type 304 (18-8) scrap solids and at 55-56¢/lb for 316 scrap solids in Rotterdam and Germany, both unchanged. Buyers at blendin
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    • COMMENTARY | 03 Mar 23:51
    • Secondary aluminum scrap flat with alloys
    • Houston, 3 March (Argus) — Prices for most grades of secondary aluminum scrap remained the same this week as sellers and buyers continued to report tight supply and most alloy prices were flat. High-grade turnings prices were among the few that increased this week and traded at 53-55¢/l
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    • NEWS | 03 Mar 16:16
    • Canadian Zinc signs sales agreements
    • Houston, 3 March (Argus) — Canadian Zinc has signed agreements with Korea Zinc and Boliden to sell them as much as 70,000t/yr of zinc and up to 25,000t/yr of lead concentrates for a minimum of five years. Canadian Zinc has signed a memorandum of understanding with Korea Zinc to sell it
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    • NEWS | 03 Mar 12:56
    • Largo $27mn working capital deal goes through
    • London, 3 March (Argus) — Canada-based Largo Resources, which is ramping up vanadium production at the Maracas Menchen mine in Brazil's northeast Bahia state has secured 104.5mn reals ($26.8mn) from existing lenders to shore up its working capital, amid low raw material prices. The comp
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    • NEWS | 03 Mar 00:23
    • PSC Metals exited eight facilities in 2015
    • Houston, 3 March (Argus) — Ohio-based PSC Metals shut or exited eight operations and reduced its workforce by 25pc in 2015, as the company sought to bring costs in line with lower sales volumes and metal prices. In a securities filing this week, the company said it operated 32 recycling
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    • NEWS | 02 Mar 23:55
    • US production, imports of silicon fall in 2015
    • New York, 2 March (Argus) — US production of silicon and silicon alloys fell by 2.1pc in 2015 from a year earlier, according to the US Geological Survey (USGS). The US produced 508,000t of silicon and silicon alloys in 2015, down from 519,000t in 2014. Net shipments of silicon during 2
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    • COMMENTARY | 02 Mar 23:50
    • Detroit ferrous prices gain $10, Chicago higher
    • Houston, 2 March (Argus) — Ferrous scrap prices for March deliveries have increased by $10/gross ton in Detroit and are poised to trend higher in Chicago. One large Detroit area producer stepped into the market early 2 March with bid prices up by $10/gt from February levels on all grad
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    • NEWS | 02 Mar 23:17
    • Evraz plans to idle seamless mill in Colorado
    • Houston, 2 March (Argus) — The North American unit of Russian steel producer Evraz said today that it plans to temporarily idle its seamless pipe mill in Pueblo, Colorado. The company has made adjustments to the number of employees at the mill over the past year, but will have to tempor
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    • NEWS | 02 Mar 23:05
    • US steel imports decline in February
    • Houston, 2 March (Argus) — Applications for US steel imports fell by 20pc in February from the prior month, led by decreases from Turkey and Japan. Applications totaled 2.28mn net tons (2.06mn metric tonnes) in February, compared with 2.84mn permit tons recorded in January and an 11pc d
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    • COMMENTARY | 02 Mar 22:51
    • Aluminum can spreads widen as imports boost supply
    • Houston, 2 March (Argus) — Used aluminum beverage can (UBC) spreads widened this week as buyers focused on meeting purchasing goals for April, but were well supplied for the near term. UBC prices decreased to 62-63¢/lb from 62-64¢/lb a week earlier as LME cash official prices settled at
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    • NEWS | 02 Mar 22:48
    • US Steel wins favorable USSC ruling
    • Houston, 2 March (Argus) — An Ontario court has handed down a favorable ruling to US Steel as the company tries to collect on loans it allegedly made to US Steel Canada (USSC). The ruling by the Ontario Superior Court of Justice on 29 February bolsters US Steel's claim as a creditor in
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    • NEWS | 02 Mar 22:13
    • Samarco agrees $6bn damages for waste disaster
    • Sao Paulo, 2 March (Argus) — Brazilian miner Vale says its iron ore joint venture arm Samarco will pay more than $6bn over 15 years under a deal reached with Brazilian authorities to settle a lawsuit for damages caused by the rupturing of a dam containing mining waste. Vale and UK-Austr
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    • COMMENTARY | 02 Mar 21:29
    • European aluminium premiums flat
    • Houston, 2 March (Argus) — Premiums for aluminium in-warehouse Rotterdam were unchanged in the latest week amid mounting downward pressure as the market stayed in backwardation. The P1020 duty paid spot premium was at $130-140/t today while duty unpaid was at $80-90/t, both unchanged fr
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    • COMMENTARY | 02 Mar 21:23
    • US aluminum premium down on quiet spot market
    • Houston, 2 March (Argus) — The Midwest premium fell this week as large volume buyers stayed away from the spot market and aluminum remained in backwardation. The premium fell to 8-8.25¢/lb from 8.75-9¢/lb a week earlier as spot buying remained thin. Consumers are still well-supplied wit
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    • COMMENTARY | 02 Mar 21:20
    • Copper scrap spreads unchanged amid standoff
    • Houston, 2 March (Argus) — Consumer buying price spreads for bare bright remained unchanged for a fifth week as sellers balked at mills' efforts to push spreads lower amid tight supply. Consumer buying price spreads for bare bright scrap remained at level to 2¢/lb under May Comex, uncha
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    • COMMENTARY | 02 Mar 21:14
    • US copper cathode premiums unchanged
    • Houston, 2 March (Argus) — US copper cathodes premiums were unchanged for a fifth week amid weak demand and plentiful supply. Premiums for grade A cathodes were unchanged at 5.25–6.0¢/lb delivered midwest consumer today. Some mills have signaled they may need to buy cathodes if they a
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    • COMMENTARY | 02 Mar 21:11
    • European copper premiums hold firm
    • Houston, 2 March (Argus) — Copper cathode premiums in Rotterdam were unchanged in the latest week amid slow demand and plentiful inventory. Premiums for grade A cathodes in-warehouse Rotterdam remained at $45-55/t, same as a week earlier, as enough inventory is on the ground to meet any
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    • NEWS | 02 Mar 18:52
    • Noranda Income Fund reports higher zinc income
    • London, 2 March (Argus) — Investment trust Noranda Income Fund, which has zinc processing operations in Canada, said its 2015 revenue increased 5pc on the year to 306.7mn Canadian dollars, up from C$290.9mn in 2014. The fund owns an electrolytic zinc processing facility in Québec, the s
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    • NEWS | 02 Mar 18:34
    • Brazil foundry production down in January
    • Sao Paulo, 2 March (Argus) — Brazilian foundry production fell 25.9pc to 155,711t in January from 210,184t in the same month of 2015, data from trade association Abifa shows. This appears to support Abifa's recent comments that the foundry industry will view stable production in 2016 as
    • Read more
    • NEWS | 02 Mar 18:27
    • Union ratifies Allegheny Technologies contract
    • Houston, 2 March (Argus) — The United Steelworkers union (USW) has ratified a four-year labor agreement with specialty steel producer Allegheny Technologies (ATI) that will end a lengthy lockout. The members voted in favor of the agreement by a 5-1 margin, but it must still be ratified
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    • NEWS | 02 Mar 18:19
    • Schnitzer closes four yards
    • Houston, 2 March (Argus) — US-based steel manufacturer Schnitzer Steel closed four of its six New Hampshire scrap yards and will evaluate a potential lease or sale of the yards. The company cited low volumes and prices as the reason for the closure, stating that it does not see a need f
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    • NEWS | 02 Mar 18:04
    • Lara signs Brazil nickel site option
    • Sao Paulo, 2 March (Argus) — Canada's Lara Exploration has signed an option agreement with Brazil's BCV Consultoria e Projetos to acquire the Damolândia nickel project in central Brazil. Drilling tests at Damolândia have shown nickel grades of between 0.22-0.98pc and copper grades of 0.
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    • NEWS | 02 Mar 18:02
    • PSC Metals sells less scrap, posts loss in 2015
    • Houston, 2 March (Argus) — Ohio-based recycler PSC Metals sold 20pc less nonferrous scrap in 2015 than a year earlier while ferrous sales volumes fell by 30pc due to low export demand, diminished demand from steel mills, and low iron ore prices. The Ichann Enterprises subsidiary sold 11
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    • NEWS | 02 Mar 17:26
    • Birimian Gold acquires Mali lithium project
    • Johannesburg, 2 March (Argus) — Australia-based mining company Birimian Gold has acquired 100pc of the Bougouni lithium project in southern Mali which has strong potential to host a high grade, bulk tonnage lithium deposit. The company said its fully-funded exploration programme will in
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    • NEWS | 02 Mar 16:32
    • Sumitomo plans battery materials expansion
    • London, 2 March (Argus) — Japan-based mining company Sumitomo Metal Mining plans to increase production of battery materials over the next three years to match rapidly growing demand from electric car makers and the electronics industry. A major supplier to Tesla Motors and Toyota Motor
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    • NEWS | 02 Mar 16:16
    • Insteel appoints Cargill's Ruth to board
    • Houston, 2 March (Argus) — US-based steel wire manufacturer Insteel said today that it will appoint Cargill's Jon Ruth to its board of directors. Ruth most recently served as the head of enterprise resource planning implementation for Cargill, a food and industrial products provider, ac
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    • ANALYSIS | 02 Mar 02:47
    • Ferrous scrap sentiment rises in Chicago, Detroit
    • Houston, 2 March (Argus) — Dealers expect ferrous scrap prices in Chicago and Detroit to increase by $10-20/gross ton this week amid a lack of mill cancellations, strong demand from mills, rising finished steel prices, a drop in prime scrap supply from Canada and large increases in bulk
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    • ANALYSIS | 02 Mar 01:22
    • Ferrous scrap looks to India for bulk sales
    • Houston, 2 March (Argus) — India is expected to become an important player in the bulk ferrous market this year as it increases steel output to feed its government's infrastructural spend. India buyers booked an unprecedented nine bulk cargoes between 13 January and 19 February, in a fl
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    • COMMENTARY | 02 Mar 00:25
    • Mill grade aluminum scrap in mixed market
    • Houston, 2 March (Argus) — Mill grade aluminum scrap spreads were mixed this week as competition increased for certain grades of extrusion scrap. London Metal Exchange cash official prices for aluminum settled at $1,590/t (72¢/lb) today, up from $1,575/t (71¢/lb) a week earlier, and the
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    • NEWS | 02 Mar 00:09
    • US slaps duties on China, Japan cold-rolled steel
    • Houston, 2 March (Argus) — The US today levied preliminary antidumping duties of 266pc on imports of certain cold rolled steel flat products from China, and set lower duties on imports from Brazil, India, Japan, South Korea, Russia and the UK. Importers of certain cold-rolled products f
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    • NEWS | 01 Mar 23:36
    • Northwest Pipe’s sales fall, outlook weakens
    • Northwest Pipe's sales fall, outlook weakens Houston, 1 March (Argus) — Vancouver-based steel pipe manufacturer Northwest Pipe's sales fell by 41.3pc in 2015, and it expects prices and margins to remain weak due to increased supply. Revenues declined to $236.6mn from $403.3mn the prior
    • Read more
    • NEWS | 01 Mar 23:25
    • Aleris sees auto, aero aluminum leading growth
    • Houston, 1 March (Argus) — Rolled aluminum product manufacturer Aleris estimated that its North American shipments will increase at a compound annual growth rate (CAGR) of 8.2pc between now and 2020, driven mostly by demand from transportation end markets. Annual shipments to North Amer
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    • NEWS | 01 Mar 22:37
    • Leaked documents may be admissable in trade case
    • Houston, 1 March (Argus) — The US Commerce Department may admit documents originally uncovered by Wikileaks in an administrative review as it considers new subsidy allegations against Turkish rebar manufacturers. The administrative review is being conducted at the request of the Rebar
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    • COMMENTARY | 01 Mar 21:16
    • US antimony, cadmium prices rise
    • New York, 1 March (Argus) — US antimony prices increased this week on expectations that Chinese producers will cut output to tighten supply. Antimony metal (Sb 99.65pc) prices rose to $2.40-2.60/lb this week, from $2.30-2.50/lb a week earlier. Market participants reported no new sales b
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    • COMMENTARY | 01 Mar 21:14
    • US indium, tellurium prices rise; selenium down
    • New York, 1 March (Argus) — US indium prices increased this week amid tightening supplier inventories. Indium ingot (In 99.99pc) prices rose for the second consecutive week to $235-250/kg from $225-250/kg a week earlier. Market participants said supply has tightened as some Chinese cr
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    • NEWS | 01 Mar 21:09
    • US light vehicle sales rose in February
    • Houston, 1 March (Argus) — US retail sales of light vehicles were 6.9pc higher in February compared with a year earlier, according to Autodata. However, the seasonally adjusted annualized rate (SAAR) was weaker than the previous month but stronger than the same month in 2015. There we
    • Read more
    • ANALYSIS | 01 Mar 18:37
    • Electric vehicle growth drives lithium demand
    • London, 1 March (Argus) — Growing electric vehicle production in the past year has been the key driver behind the recent rally in lithium prices as demand for lithium-ion batteries has tightened the market. And battery production is set to continue rising with electric vehicles expected
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    • NEWS | 01 Mar 18:19
    • CD International in copper concentrate supply deal
    • London, 1 March (Argus) — US-based magnesium company CD International Enterprises said it has entered into an agreement with an unnamed Bolivia-based global mineral trading company to source copper, zinc and lead concentrate in Central and South America. Florida-based CD International E
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    • NEWS | 01 Mar 18:10
    • China steel exports decline in January
    • London, 1 March (Argus) — Chinese steel exports dropped by 8.6pc on the month to 9.74mn t in January, Chinese custom data showed. China exported 1.1mn t of finished steel exports to South Korea, the largest market for Chinese steel, which was a drop of 4.4pc from total export volumes i
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    • NEWS | 01 Mar 18:05
    • Acerinox sees improved 2016 after flat output
    • New York, 1 March (Argus) — Spanish stainless steel producer Acerinox expects improved sales this year once nickel prices stabilize after its 2015 stainless steel output was little changed from the prior year. Increased production in Europe and South Africa was partially offset by cuts
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    • ANALYSIS | 01 Mar 17:45
    • China PMI decline accelerates amid global fall
    • London, 1 March (Argus) — China's manufacturing output in February declined at its steepest rate since September, in line with the continued downturn in emerging markets as global manufacturing growth declines to a three-year low, weighing on metals demand. Manufacturing companies in Ch
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    • NEWS | 01 Mar 17:18
    • Royal Nickel narrows losses, sees higher output
    • New York, 1 March (Argus) — Canadian mine developer Royal Nickel reduced its losses by 44pc in 2015 as the result of lower general and administrative expenses. Losses shrank to C$5.6mn ($4.14mn) from C$10mn in 2014. The company attributed the smaller losses to C$2.7mn in cuts to expense
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    • NEWS | 01 Mar 16:40
    • Venezuela, Gold Reserve propose mining venture
    • Caracas, 1 March (Argus) — Venezuela's revenue-short government agreed to pay up to $765mn in compensation to US-headquartered Gold Reserve for the 2008 expropriation of its Brisas and Choco gold and copper mines under a wider preliminary agreement that could lead to joint development of
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    • NEWS | 01 Mar 14:09
    • Bacanora presses ahead with Sonora lithium project
    • London, 1 March (Argus) — Canadian explorer Bacanora Minerals has announced its interim results for the six months ending December 2015 and confirmed that it plans to start production as soon as possible. The company also announced a significant upgrade in the resource estimate for its
    • Read more
    • NEWS | 01 Mar 13:06
    • Chelyabinsk Zinc increased output by 1.4pc in 2015
    • London, 1 March (Argus) — Chelyabinsk Zinc Plant, Russia's largest zinc producer which also produces lead, indium and cadmium, increased its output of the metal by 1.4pc in 2015. The company produced 171,002t of special high grade zinc and zinc-based alloys of which almost 60pc was sold
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    • NEWS | 01 Mar 12:19
    • S Africa energy regulator ups power tariff 9.4pc
    • Johannesburg, 1 March (Argus) — South Africa's energy intensive minerals and metals sector will breathe a partial sigh of relief after the energy regulator today granted state-owned power utility Eskom a 9.4pc tariff increase for the 2016/17 financial year. Eskom had requested a 16.6pc
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    • COMMENTARY | 01 Mar 12:07
    • LME minors: Cash markets mirror stable physicals
    • London, 1 March (Argus) — London Metal Exchange (LME) minor metals are relatively stable this week, reflecting similar movements in the physical sector where low key trading activity is supporting prices. LME cash molybdenum settled at a cash price of $11,700/12,200/t on 29 February, un
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    • NEWS | 01 Mar 11:56
    • Glencore to continue cuts if markets oversupplied
    • Johannesburg, 1 March (Argus) — Diversified commodity producer and trader Glencore will continue to cut back on production if it regards its markets as over-supplied, said chief executive Ivan Glasenberg. Speaking at the company's 2015 annual result presentation, he said Glencore acted
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    • NEWS | 01 Mar 11:43
    • Glencore eyes further $4-5bn asset sales in 2016
    • Johannesburg, 1 March (Argus) — Diversified commodity producer and trader Glencore said today that it is confident of achieving assets sales of $4-5bn in the remainder of 2016. The company said in its annual results presentation for 2015 that it has achieved asset sales of $1.6bn to dat
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    • NEWS | 29 Feb 23:43
    • Aluminum die casters push for standardization
    • Houston, 29 February (Argus) — Nonferrous die casters are optimistic about 2016 but will need to standardize products to ensure business longevity, industry stakeholders gathered at a North American Die Casting Association (NADCA) executive meeting said this past week. Most participants
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    • NEWS | 29 Feb 23:20
    • South Korean scrap company plans sale to US entity
    • Houston, 29 February (Argus) — Los Angeles-based Gold Mountain Recycling plans to acquire South Korean company Steel Resources for approximately $30mn. Gold Mountain has signed a "definitive acquisition contract" with the Korean company for the latter's metal processing plants, invent
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    • NEWS | 29 Feb 22:16
    • US raw steel output slips as southeast weakens
    • Houston, 29 February (Argus) — US raw steel production decreased by 0.4pc to 1.69mn net tons (1.5mn metric tonnes) in the week ending 27 February compared to a week earlier, with capacity utilization down by 0.3pc from the prior week to 72.4pc. According to data provided by the American
    • Read more
    • COMMENTARY | 29 Feb 22:10
    • US cobalt: demand for high grades boosts market
    • New York, 29 February (Argus) — Increased demand for high quality cobalt sent prices for US cobalt higher this week. High-grade cobalt (Co 99.8pc) prices rose by an average of 10¢/lb this week to $10.85-11.40/lb from $10.85-11.20/lb a week earlier. Strong interest from buyers allowed
    • Read more
    • COMMENTARY | 29 Feb 22:07
    • US magnesium: prices pressured by oversupply
    • New York, 29 February (Argus) — US magnesium prices fell this week amid concerns of oversupply. US magnesium (Mg 99.9pc) prices decreased to $3,528-3,748/t this week from $3,590-3,810/t a week earlier. Prices have held flat since 4 February when prices fell by $50/t due to minimal buy
    • Read more
    • NEWS | 29 Feb 19:45
    • Reliance Steel taps Hoffman to lead operations
    • Houston, 29 February (Argus) — Los Angeles-based Reliance Steel and Aluminum has promoted James Hoffman to the position of executive vice president and chief operating officer, effective today. Hoffman has served as executive vice president, operations since May 2015, a role in which he
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    • COMMENTARY | 29 Feb 19:41
    • Sales fight keeps EU aluminium alloy prices flat
    • Houston, 29 February (Argus) — European and British secondary aluminum ingot prices were unchanged this past week amid no uptick in demand and tighter scrap supply. Alloy producers said that though primary aluminum prices on the London Metal Exchange are rising, ingot prices have not f
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    • NEWS | 29 Feb 18:50
    • US-Turkey scrap freight rates rise
    • London, 29 February (Argus) — Freight rates for 40,000t cargoes on Supramax vessels heading from Newark, in the US, to Turkey rose by $1/t to $10.50/t over the past week. A shortage shipping capacity in the US east coast region, after several petroleum coke cargoes were booked between t
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    • NEWS | 29 Feb 17:57
    • ATI executive Dalton to retire
    • Houston, 29 February (Argus) — Hunter Dalton, executive vice president of strategic growth initiatives at Pennsylvania-based Allegheny Technologies (ATI), will retire from his role at the end of March. Dalton will remain a consultant to the company for the remainder of 2016, aiding in
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    • NEWS | 29 Feb 17:53
    • Grupo Simec ships less at lower prices
    • Houston, 29 February (Argus) — Mexican steelmaker Grupo Simec's shipments of finished steel products fell by 4pc in 2015 from the prior year as average sales prices dropped by 3pc. Simec shipped 2.1mn net tons (1.9mn metric tonnes) of finished steel products in 2015, down from 2.2mn nt
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    • NEWS | 29 Feb 17:41
    • Synalloy projects fewer metal shipments in 2016
    • New York, 29 February (Argus) — South Carolina-based chemicals and metals producer Synalloy posted a 12pc decline in annual revenues as a result of weakened oil and gas market conditions and falling metals prices, but expects the market to stabilize or modestly improve in 2016. Synallo
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    • NEWS | 29 Feb 16:43
    • Global Mn alloy output falls in January
    • London, 29 February (Argus) — Global production of manganese alloys was down in all grades in January this year on a year-on-year basis, but results were mixed from the previous month, according to data from the International Manganese Institute (IMnI). Global silico-manganese productio
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    • NEWS | 29 Feb 16:26
    • Bonnell Aluminum boosts 2015 extrusion shipments
    • Houston, 29 February (Argus) — Bonnell Aluminum increased its shipments of aluminum extrusions by 11pc in 2015 from a year earlier amid higher demand from the nonresidential building and construction sector. The wholly-owned subsidiary of Virginia-based manufacturer Tredegar produced 17
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    • NEWS | 29 Feb 16:19
    • Chile copper production down in January
    • Sao Paulo, 29 February (Argus) — Chile's copper concentrate production in January was down 13.8pc against the same month a year earlier, data from the national statistics institute (INE) said. Output was 453,638t compared with a record 526,126t twelve months earlier, a figure underpinne
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    • NEWS | 29 Feb 16:15
    • Chile molybdenum production up in January
    • Sao Paulo, 29 February (Argus) — Chile's molybdenum concentrate production was 4,948t in January, 29.9pc higher than the 3,808t produced in the same month a year earlier, data from the national statistics institute (INE) said. Production was boosted by output from newer mines such as KG
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    • NEWS | 29 Feb 15:59
    • Sherritt Ambatovy shipments to resume
    • Sao Paulo, 29 February (Argus) — Canada-based mining company Sherritt International has said shipments from Madagascar's Toamasina port should resume within 24 hours after a wrangle over the introduction of a new levy on shipping containers was resolved. Sherritt is the operator and 40p
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    • NEWS | 29 Feb 15:00
    • Global manganese ore output falls again
    • London, 29 February (Argus) — Global manganese ore production dropped for the second month in a row in January this year because of persistently lower demand from the ferro-alloys sector, said data from the International Manganese Institute (IMnI). World ore production was 3.46mn wet me
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    • NEWS | 29 Feb 14:53
    • Alphamin plans tin mine construction in 2017
    • London, 29 February (Argus) — Toronto-listed base metals mining company Alphamin Resources has completed a feasibility study of the Bisie tin project in the Democratic Republic of Congo and has found probable mineral reserves of 3.04mn t at 3.76pc tin. This is the equivalent to 114,366t
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    • NEWS | 29 Feb 13:25
    • Marmara mill buys two deep-sea scrap cargoes
    • London, 29 February (Argus) — A medium sized Marmara based mill booked 16,000t of HMS 1/2 80:20 at $190/t and 3,000t of shred at $195/t cfr Marmara on 26 February, from St Petersburg, Russia, pending full confirmation. This was the mill's second deep-sea scrap booking last week after it
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    • NEWS | 29 Feb 12:20
    • ZimAlloys eyes investment to increase FeCr output
    • London, 29 February (Argus) — ZimAlloys, which controls almost 40pc of Zimbabwe's chrome reserves, is looking for $5.5mn to restart another ferro-chrome smelter in 2016, a company official at judical management firm Grant Thornton told Argus. The company has three furnaces at the site a
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    • NEWS | 29 Feb 12:09
    • U3O8 Corp upbeat on Argentina vanadium project
    • Sao Paulo, 29 February (Argus) — Canada-based U3O8 Corp, which is aiming to produce vanadium as a by-product of uranium in Argentina has said it is optimistic about the prospects for new mining projects following the recent lifting of an export tax on minerals. Two weeks ago Argentina r
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    • NEWS | 29 Feb 11:34
    • Thomson extends drilling at Australian Sn project
    • Johannesburg, 29 February (Argus) — Australian tin explorer Thomson Resources has started a third phase of drilling at its Bygoo tin project near Ardlethan in New South Wales. The programme is designed to follow-up, confirm and extend encouraging results from the first two phases of dri
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    • NEWS | 29 Feb 11:27
    • China’s SRB buys 2,800t of cobalt metal
    • China's SRB buys 2,800t of cobalt metal Beijing, 29 February (Argus) — China's State Reserve Bureau (SRB) bought 2,800t of cobalt metal on 29 February at Yn200,000/t ($13.96/lb). The purchase comprised domestic and imported metal on account of the large amount. The delivery will be fin
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    • NEWS | 29 Feb 11:10
    • Peninsula gets nod for Li exploration in S Korea
    • London, 29 February (Argus) — Perth-based minerals explorer Peninsula Mines has successfully lodged 53 tenement applications to explore for lithium in South Korea. The company said in an update that the tenements are situated in areas associated with lithium mineralisation as detected b
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    • NEWS | 26 Feb 23:35
    • Accuride sees falling heavy truck output
    • Houston, 26 February (Argus) — Indiana-based wheel manufacturer Accuride has adjusted its annual projections for class 8 vehicle production in North America downward by 22pc from a year ago. The company estimated in its latest earnings that North American output of class 8 vehicles, or
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    • ANALYSIS | 26 Feb 23:31
    • This Week in Metals: 22-26 February
    • Houston, 26 February (Argus) — With one month left to go until the second quarter of 2016, metal market participants are wondering whether markets are finally getting close to bottoming out. Crude oil prices began to rebound this week, helped by news of further meetings planned among ma
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    • NEWS | 26 Feb 23:13
    • US cobalt consumption, stocks rise in October
    • New York, 26 February (Argus) — US cobalt consumption for the first 10 months of 2015 rose by 4.8pc from a year earlier, according to data from the US Geological Survey (USGS). Reported US consumption increased to 7,170t during the first 10 months from 6,840 a year prior. Cobalt consump
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    • NEWS | 26 Feb 23:07
    • US tungsten consumption, imports fall in October
    • New York, 26 February (Argus) — Total US tungsten imports for consumption fell by 25pc in the first 10 months of 2015 from a year earlier, according to data from the US Geological Survey (USGS). Total US imports of tungsten fell to 7,190t during the first 10 months from 9,620t in the sa
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    • ANALYSIS | 26 Feb 22:54
    • Rocky Mountain ferrous scrap prices under pressure
    • Houston, 26 February (Argus) — Ferrous scrap prices in the Rocky Mountain region are poised to come under pressure due to low demand from mills. Some market participants said there is room for the prices to drop by $10-20/gross ton on all grades of scrap since prices in the region have
    • Read more
    • COMMENTARY | 26 Feb 22:07
    • US FeW, FeB prices mixed amid minimal activity
    • New York, 26 February (Argus) — US ferro-tungsten prices were unchanged this week amid steady demand. Ferro-tungsten (W 75pc) prices held flat at $13.00-13.25/lb this week. Prices have been unchanged for the past six weeks with no change in demand or supply. US suppliers reported no s
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    • COMMENTARY | 26 Feb 22:06
    • US Mo: Prices rise amid tighter supply
    • New York, 26 February (Argus) — US molybdenum prices rose this week amid depleting supplier inventories. US molybdenum oxide (Mo 57pc) prices increased to $5.30-5.50/lb from $5.30-5.40/lb a week earlier. Gradual cutbacks in molybdenum oxide production have begun tightening supply of
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    • COMMENTARY | 26 Feb 21:58
    • US silicon prices mixed on abundant supply
    • New York, 26 February (Argus) — US silicon metal prices declined this week due to a lack of trading. Silicon metal (Si 98.5pc) prices fell by 1.5¢/lb on average to $1.03-1.07/lb this week. Weak demand has led to a total price drop of 11.5¢/lb since the start of the month. Market par
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    • NEWS | 26 Feb 21:16
    • Chinese firms to certify Venezuelan minerals
    • Caracas, 26 February (Argus) — Chinese state-owned companies CAMC Engineering and Yankuang Group signed letters of intent this week with the Venezuelan government to certify reserves of iron, bauxite, coltan and other minerals in a 144,000km2 (55,600mi2) area of remote Bolivar state. Th
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    • ANALYSIS | 26 Feb 21:01
    • Ferrous price direction in Texas divides opinion
    • Houston, 26 February (Argus) — Market sentiment in Texas is divided on which direction ferrous scrap prices may take in March due to a limited view on demand for finished steels produced by the state's mills. Market participants surveyed this week were evenly divided between those that
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    • COMMENTARY | 26 Feb 20:45
    • US export zorba prices rise
    • Houston, 26 February (Argus) — Prices of US zorba for export rose by a penny this week, tracking gains in aluminum prices on the London Metal Exchange (LME). Prices of zorba, 94pc metallic with 3-4pc red metal content, rose to 56-57¢/lb cif China from 55-56¢/lb the prior week amid lack
    • Read more
    • COMMENTARY | 26 Feb 19:51
    • US stainless steel scrap prices rise
    • Houston, 26 February (Argus) — Stainless steel scrap processor buying prices in the US rose this week as buyers bid higher prices to entice smaller dealers to sell material amid tight supply. Processor buying prices for type 304 (18-8) scrap solids traded at $915-940/gt today, up by 5pc
    • Read more
    • ANALYSIS | 26 Feb 19:37
    • Southeast ferrous prices face outage test in March
    • Houston, 26 February (Argus) — A lack of order cancellations, rising capacity utilization rates and tight ferrous scrap supply are poised to partially offset mill outages and material imports in the US southeast region. Most market participants said trading for March deliveries in the r
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    • COMMENTARY | 26 Feb 19:22
    • WEEK IN REVIEW: Oil prompts uptick in metals
    • London, 26 February (Argus) — With one month left to go until the second quarter 2016, and for some countries the start of the new financial year, are metal markets finally getting close to bottoming out? Crude oil prices began to rebound this week helped by news of further meetings pla
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    • COMMENTARY | 26 Feb 19:11
    • Secondary aluminum alloy prices remain flat
    • Houston, 26 February (Argus) — Secondary aluminum alloy prices were unchanged this week despite rising scrap prices and no uptick in demand. A380.1 prices remained at 86-87¢/lb, along with A413.1 at 92-93¢/lb and 319.1 and A360.1 at 90-91¢/lb. Secondary smelter buying prices for paint
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    • NEWS | 26 Feb 18:45
    • Harsco sees weak 2016 after falling sales
    • Houston, 26 February (Argus) — US-based industrial services company Harsco expects its performance to weaken further this year on weaker commodity prices, lower steel output and lower demand from energy customers following declining revenues in 2015. Harsco anticipates its metals and mi
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    • NEWS | 26 Feb 16:11
    • US FeSi imports jump in November 2015
    • New York, 26 February (Argus) — US imports of ferro-silicon totalled 29,600t in November last year, almost five times higher than those in October 2015 and 30pc higher than those in November 2014, according to data from the United States Geological Survey (USGS). Imports from Russia mad
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    • NEWS | 26 Feb 12:02
    • Codelco $485mn El Teniente copper project approved
    • Sao Paulo, 26 February (Argus) — Environmental authorities in Chile's central O'Higgins region have approved Codelco's $485mn investment in the Recursos Norte project at the El Teniente mine. "It means El Teniente will incorporate 154mn t of reserves at a grade of 0.73pc, which will pro
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    • NEWS | 26 Feb 00:11
    • Hudbay boosts copper output on Peru ramp
    • Houston, 26 February (Argus) — Integrated mining firm Hudbay Minerals boosted copper output last year by 291pc from a year earlier as the Canada-based producer ramped up production at its Constancia mine in Peru. The company is targeting operating cost reductions of more than $100mn and
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    • NEWS | 26 Feb 00:06
    • Codelco cleaning up copper spill in Chile
    • Santiago, 26 February (Argus) — Chile´s state-owned mining company Codelco said it is cleaning up a copper concentrate spill in the Blanco river north of Santiago, part of the firm´s Andina Division. The incident that occurred at 8am local time this morning has not affected production,
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    • COMMENTARY | 25 Feb 23:43
    • Aluminum scrap prices rise with competition
    • Houston, 25 February (Argus) — Prices for some secondary aluminum scrap rose this week as competition among buyers continued for specific grades. Painted siding prices rose to 54-56¢/lb this week, from 52-54¢/lb a week earlier, while mixed low copper clips rose a penny to 57-59¢/lb. O
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    • COMMENTARY | 25 Feb 23:22
    • Ferro-manganese prices rise amid curtailed supply
    • New York, 25 February (Argus) — US silico-manganese prices rose this week due to tight supply and strong demand. US silico-manganese (Mn 65pc, Si 16pc) prices increased to $0.36-0.38/lb from $0.33-0.36/lb a week earlier. Some suppliers have offered the material at $0.40/lb due to sup
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    • COMMENTARY | 25 Feb 23:20
    • US ferro-titanium prices hold amid softening scrap
    • New York, 25 February (Argus) — Ferro-titanium (Ti 70pc) traded at $1.65-1.80/lb this week, unchanged in four weeks, as a slight oversupply of inventory offset healthy demand. US suppliers continued to offer 20-tonne lots at $1.65-1.75/lb to steel mills. The ferro-alloy remains in abu
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    • COMMENTARY | 25 Feb 23:18
    • Weak demand pressures ferro-chrome market
    • New York, 25 February (Argus) — US low-carbon ferro-chrome prices were mixed this week amid oversupply and falling offers for low-carbon 0.10pc and 0.15pc. US low-carbon ferro-chrome (C 0.05pc) prices were flat for a second week at $2.18-2.20/lb, since a 4¢/lb decline a week earlier due
    • Read more
    • COMMENTARY | 25 Feb 23:16
    • Stainless steel scrap prices flat in Europe
    • Houston, 25 February (Argus) — Prices for stainless steel scrap in Europe were unchanged this week amid steady trading. Scrap in northern Europe traded at 42-43¢/lb for type 304 (18-8) scrap solids and at 55-56¢/lb for 316 scrap solids in Rotterdam and Germany; both flat from a week ear
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    • NEWS | 25 Feb 21:46
    • LKQ ferrous scrap sales prices drop by 56pc in 4Q
    • Houston, 25 February (Argus) — Chicago-based automotive parts manufacturer LKQ sold ferrous scrap at an average price of $82/net ton ($90.39/metric tonne) during the last quarter, down by 56pc from $187/nt from a year earlier. Revenue from ferrous steel was down around $30mn during the
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    • NEWS | 25 Feb 21:00
    • Olympic Steel sales fall, outlook uncertain
    • Houston, 25 February (Argus) — Ohio-based metals service center Olympic Steel's sales fell by 18pc in 2015, reflecting lower prices and weaker demand in the steel market. The company's sales fell to $1.2bn in 2015 from $1.4bn in 2014, and the company reported a $26.8mn loss in 2015 comp
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    • NEWS | 25 Feb 20:47
    • Tenaris sales sink on low demand: Correction
    • Corrects 4Q 2014 sales number in fourth paragraph Houston, 25 February (Argus) — Global tubular producer Tenaris sold 31pc less steel in North America in 2015 than it did in the prior year, and it expects unfavorable conditions to continue in 2016 amid "profound" changes in demand fro
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    • NEWS | 25 Feb 20:02
    • Gerdau targeted in tax fraud investigation
    • Rio de Janeiro, 25 February (Argus) — Brazilian federal police executed search warrants this morning at the offices of Brazilian steelmaker Gerdau, the latest phase in a massive investigation into corporate tax fraud. Gerdau chief executive Andre Gerdau is now being sought by federal p
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    • NEWS | 25 Feb 19:37
    • Tenaris sales sink on low demand from oil industry
    • Houston, 25 February (Argus) — Global tubular producer Tenaris sold 31pc less steel in North America in 2015 than it did in the prior year, and it expects unfavorable conditions to continue in 2016 amid "profound" changes in demand from the oil and gas industries. The company's sales i
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    • NEWS | 25 Feb 17:17
    • Thompson Creek sells more copper at lower prices
    • Houston, 25 February (Argus) — Colorado-based copper and molybdenum producer Thompson Creek Metals posted lower copper revenues on greater volumes last year as prices fell. Thompson Creek increased copper sales by 18.4pc to 76.5mn lbs from 64.6mn lbs a year earlier. Copper revenues fell
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    • NEWS | 25 Feb 16:56
    • LKQ sales grow in 2015 on acquisitions
    • Houston, 25 February (Argus) — Chicago-based automotive parts manufacturer LKQ grew its revenues by 6.7pc in 2015 from the prior year, boosted by acquisitions and organic growth. The company generated revenue of $7.2bn in 2015, up from $6.7bn n 2014. The increase in growth reflects 18 a
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    • COMMENTARY | 25 Feb 16:02
    • Satiated buyers widen aluminum can spreads
    • Houston, 25 February (Argus) — Used aluminum beverage can (UBC) spreads widened this week as some consumers got ahead of their purchasing schedule and consequently trimmed interest. UBC prices increased a penny to 62-64¢/lb yesterday, from 61-63¢/lb a week earlier, but did not match inc
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    • NEWS | 25 Feb 15:10
    • Kaz reduces loss as Bozshakol starts output
    • London, 25 February (Argus) — Kazakh copper miner Kaz Minerals reported a full year loss of $12mn from continuing operations, reduced from a loss of $234mn in 2014. This is the first full year of operations after the company's major restructuring in 2014 when it spun off some of its mor
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    • NEWS | 25 Feb 14:59
    • Implats 1H earnings fall 13pc to $22mn
    • London, 25 February (Argus) — South African and global number two platinum producer Impala Platinum (Implats) said its headline earnings fell 13pc to 347mn rand ($22.2mn) in the six months to 31 December due partly to a 15pc decline in platinum group metal prices. Implats produced 692,0
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    • NEWS | 25 Feb 13:42
    • Africa accounts for 48pc of South32 1H revenue
    • Johannesburg, 25 February (Argus) — Southern hemisphere mining giant South32 produced $1.46bn of its revenue for the six months ended 31 December 2015 from its African operations, 29pc lower than the $2.07bn achieved in the previous corresponding pro-forma period. South32 said in its ma
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    • NEWS | 24 Feb 23:57
    • Ferro profits rise from acquisitions
    • New York, 24 February (Argus) — Ohio-based performance materials manufacturer Ferro's annual revenues declined by 3.3pc as foreign currency fluctuations undercut sales growth from acquisitions. Ferro posted revenues for 2015 of $1.08bn, down from $1.11bn in 2014. Earnings before taxes,
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    • NEWS | 24 Feb 23:51
    • US finished steel imports rise
    • Houston, 24 February (Argus) — US imports of finished steel rose by 8.8pc in January from the previous month, led by rising imports from Japan, Turkey and Brazil. The US imported 2.2mn net tons (2.1mn metric tonnes) of finished steel products. Imports accounted for an estimated 26pc of
    • Read more
    • COMMENTARY | 24 Feb 23:44
    • Bare bright spreads aim higher as scrap tightens
    • Houston, 24 February (Argus) — Traders and suppliers have begun a push for higher prices amid a squeeze on supply. Consumer buying price spreads for bare bright copper scrap were offered at premiums of 2¢ over Comex this week, with no success. However, market participants said that thi
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    • NEWS | 24 Feb 23:43
    • Obama signs enhanced enforcement trade bill
    • Houston, 24 February (Argus) — President Barack Obama today signed into law a bill designed to enhance the US Customs and Border Protection agency's enforcement capabilities to ensure that proper duties are collected on US imports, including of steel and other metals. The Trade Facilita
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    • NEWS | 24 Feb 23:22
    • US aluminum premium falls as buyers exit
    • Houston, 24 February (Argus) — The midwest premium for primary aluminum fell this week on a lack of spot purchasing. The premium fell to 8.75-9¢/lb after trading at 9-9.15¢/lb for two weeks. Premiums dropped as high-volume consumers exited the spot market by opting to source most of t
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    • COMMENTARY | 24 Feb 22:58
    • US copper cathode premiums flat
    • Houston, 24 February (Argus) — US copper cathode premiums were unchanged for a fourth week as consumers met their needs with material secured through long-term contracts booked late last year. Demand for spot material remains thin. Premiums for grade A cathodes were unchanged at 5.25-6.
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    • NEWS | 24 Feb 22:48
    • Canada revises China steel duties
    • Houston, 24 February (Argus) — The Canadian government today set anti-dumping rate as high as 351pc on imports of certain carbon and alloy steel from China as it made its final determination on margins for anti-dumping and anti-subsidy duties. The rates differ somewhat from the provisio
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    • NEWS | 24 Feb 20:54
    • House asks ITC for aluminum industry investigation
    • Houston, 24 February (Argus) — A key US House of Representatives committee urged the US International Trade Commission (ITC) to formally investigate the competitive conditions of the global aluminum industry, including excess capacity and allegedly unfair trade practices in countries suc
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    • COMMENTARY | 24 Feb 20:45
    • European aluminium premiums fall
    • Houston, 24 February (Argus) — Premiums for aluminium in-warehouse Rotterdam fell in the latest week as P1020 inventories remained high amid spotty trade fueled by consumers completing their annual purchases. The P1020 duty paid spot premium traded at $130-140/t, down from $135-145/t a
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    • NEWS | 24 Feb 20:42
    • Chemours posts lower titanium revenues
    • New York, 24 February (Argus) — Delaware-based titanium pigment and chemicals producer Chemours' revenues fell by 11.1pc in 2015 from a year earlier, led by declining sales of titanium products. Chemours posted revenues for 2015 of $5.72bn, down from $6.43bn in 2014. The company's earni
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    • NEWS | 24 Feb 18:18
    • Ternium ships record amount of steel in 2015
    • Houston, 24 February (Argus) — Latin America-focused steelmaker Ternium shipped a record volume of steel products at lower prices in 2015 compared to the prior year, led mostly by shipments of value-added products and increased demand from its Mexico and southern region segments. Terniu
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    • NEWS | 24 Feb 17:40
    • LG Chem supplies lithium battery for Chrysler van
    • New York, 24 February (Argus) — US division of LG Chem is to supply lithium batteries for the 2017 Chrysler Pacifica Hybrid minivan. The battery cells and packs will be manufactured at LG Chem's Michigan facility in Holland, Michigan. The entire battery pack was engineered at the compa
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    • NEWS | 24 Feb 17:10
    • 5n Plus revenues, profits fall in 2015
    • New York, 24 February (Argus) — Canadian specialty metals producer 5n Plus posted a 39pc decline in annual revenues from a year earlier as a result of lower commodity prices. 5n Plus' revenues during 2015 fell to $311mn from $508mn in 2014. The company earnings before interest, taxes, d
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    • NEWS | 24 Feb 17:01
    • North River asks Namibia for clarification
    • London, 24 February (Argus) — AIM-listed lead and zinc miner North River Resources (NRR) has asked Namibia's Ministry of Mines and Energy to clarify a number of additional conditions it has made regarding the company's application for a local mining licence. The company said that there
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    • NEWS | 24 Feb 16:37
    • Molycorp creditors reach debt agreement
    • London, 24 February (Argus) — Troubled US rare earths miner Molycorp has taken another step towards exiting Chapter 11 bankruptcy, after it agreed to a debt reorganisation with creditors. Under the new arrangement, US alternative asset management firm Oaktree Capital — a major lender to
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    • NEWS | 24 Feb 15:17
    • Indonesia smelter halts output due to new rules
    • London, 24 February (Argus) — Indonesian tin producer PT Refined Bangka Tin (RBT) will stop all of its tin production and close its smelting and refining facilities because of a drop in tin prices and tougher local environmental regulation. The company said it will scrap the refinery ra
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    • NEWS | 24 Feb 14:12
    • Global aluminium output down 1.6pc in January
    • London, 24 February (Argus) — Global aluminium production declined by 1.6pc on the year to 4.73mn t in January as China produced 4.5pc less of the metal than last year, data from the International Aluminium Institute (IAI) showed. China's output of 2.48mn t was at the lowest level in el
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    • NEWS | 24 Feb 14:05
    • Study supports DRC’s Kamoa Cu project
    • Study supports DRC's Kamoa Cu project Johannesburg, 24 February (Argus) — Canada-listed Ivanhoe Mines has released pre-feasibility findings for its Kamoa Copper Project in the Democratic Republic of Congo (DRC), confirming that the first phase of the development will be able to produce 10
    • Read more
    • NEWS | 24 Feb 13:29
    • Metalicity upgrades Admiral Bay Zn resource
    • Johannesburg, 24 February (Argus) — Perth-based base metals explorer Metalicity has increased the mineral resource at its Admiral Bay zinc deposit in the north of Western Australia by 15pc following the inclusion of two extra zones which had not previously been estimated. The company sa
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    • NEWS | 24 Feb 13:01
    • Bullseye Glass to stop using arsenic indefinitely
    • London, 24 February (Argus) — US glass manufacturer Bullseye Glass will stop using arsenic in its production processes after a recent investigation into high toxic metal traces in ambient air. In a letter to the Oregon House of Representatives' Committee on Energy and Environment, the
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    • NEWS | 23 Feb 23:36
    • Tronox titanium dioxide sales, profits fall
    • New York, 23 February (Argus) — Connecticut-based titanium dioxide and chemicals producer Tronox increased 2015 revenues by 21.5pc from a year earlier as a result of an acquisition in its alkali segment. Tronox posted revenues for 2015 of $2.11bn, up from $1.74bn in 2014. Annual earning
    • Read more
    • COMMENTARY | 23 Feb 23:25
    • Mill-grade aluminum scrap spreads weaken
    • Houston, 23 February (Argus) — Mill-grade aluminum scrap price spreads widened this week as buyer interest for several grades waned amid rising terminal markets. Aluminum cash official prices on the London Metal Exchange settled at $1,575/t (71.44¢/lb) today, up 2¢/lb from a week earlie
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    • NEWS | 23 Feb 22:52
    • GF Automotive, Linamar pick US plant site
    • Houston, 23 February (Argus) — Canadian manufacturer Linamar and Swiss-owned manufacturer GF Automotive have picked Henderson County, North Carolina, for a new jointly-owned aluminum die casting plant supplying the North American automotive market. The new entity, GF Linamar, plans to
    • Read more
    • NEWS | 23 Feb 22:37
    • US molybdenum production, imports fall in November
    • New York, 23 February (Argus) — US molybdenum concentrate production declined by 29pc in the first eleven months of 2015, according to the US Geological Survey (USGS). Molybdenum concentrate production for the first eleven months fell to 48,000t from 67,900t a year earlier. Net shipment
    • Read more
    • NEWS | 23 Feb 21:09
    • TMK Ipsco plans to lay off 112 employees
    • Houston, 23 February (Argus) — Russia-based steel producer at its tubular finishing operations in Texas. The facility, located in Baytown, receives shipments of tubular products and completes final finishing operations including threading, upsetting, heat treating, and various inspecti
    • Read more
    • COMMENTARY | 23 Feb 20:55
    • European copper premiums hold ground
    • Houston, 23 February (Argus) — Copper cathode premiums in Rotterdam were unchanged in the latest week amid continued slow business and ready availability of inventory. Cathode premiums held steady at $15-25/t in-warehouse Rotterdam for a second week, and premiums in southern Europe rema
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    • COMMENTARY | 23 Feb 20:50
    • European copper scrap prices have mixed week
    • Houston, 23 February (Argus) — Copper scrap prices for most grades were unchanged in Europe this week as slow trading pressured some material. Consumer buying price spread for berry/candy remained flat at 96-96.5pc of the London Metal Exchange (LME), while milberry continued to trade at
    • Read more
    • NEWS | 23 Feb 20:16
    • Alcoa lays off workers at alumina plant
    • Houston, 23 February (Argus) — US aluminum manufacturer Alcoa has filed notice that it will layoff 175 employees at its alumina plant in Texas. The company filed a worker adjustment and retraining notification (WARN) 16 February for its alumina operation in Point Comfort, Texas, which s
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    • NEWS | 23 Feb 19:55
    • Mexico, Korea and Turkey face US steel duties
    • Houston, 23 February (Argus) — The US Commerce Department today issued an affirmative preliminary determination on antidumping duties for imports of heavy walled rectangular welded carbon steel pipes from South Korea, Mexico and Turkey. The value of these steel pipes shipped by produce
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    • NEWS | 23 Feb 18:32
    • Stainless steel scrap eyes India, Iran for demand
    • Houston, 23 February (Argus) — Stainless steel scrap market participants see India and Iran as the two main sources of demand in 2016 while the remainder of the global landscape expects further weakness in demand and prices due to economic slowdown. India is one of the fastest growing e
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    • NEWS | 23 Feb 15:35
    • ATI, USW reach tentative lockout-ending agreement
    • Houston, 23 February (Argus) — Specialty steel producer Allegheny Technologies (ATI) and the United Steelworkers (USW) union have reached a tentative agreement that will end a six-month lockout of 2,200 workers across 12 facilities in six states. The accord, negotiated as part of a broa
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    • NEWS | 23 Feb 14:20
    • Study supports Fungoni mineral sands project
    • Johannesburg, 23 February (Argus) — Australia-based Strandline Resources has released the results of an independent scoping study that supports the case for a low capital expenditure mineral sands operation at its 100pc-owned Fungoni deposit near Dar es Salaam in Tanzania. The study's f
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    • NEWS | 23 Feb 14:18
    • Highveld fate uncertainty reaches new high
    • Johannesburg, 23 February (Argus) — The fate of Evraz Highveld Steel Vanadium (Highveld) has reached a new high of uncertainty with today's scheduled creditors and affected parties meeting being indefinitely postponed. Today's meeting was meant to discuss the way forward for the compa
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    • NEWS | 23 Feb 14:00
    • Sakura FeMn, SiMn furnaces near completion
    • Johannesburg, 23 February (Argus) — South African chrome, manganese and iron ore group Assore expects two ferro-manganese furnaces at Sakura Ferroalloys in Malaysia to be fully commissioned before the end of June. The project remains within its $328mn budget and is forecast to achieve i
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    • NEWS | 23 Feb 13:51
    • Brazil foundries face another tough year
    • Sao Paulo, 23 February (Argus) — Brazil's foundry industry will view stable production in 2016 as something of a success with the country mired in deep recession, trade association Abifa has said. Foundry production last year fell by 15.4pc to 2.31mn t. Demand for aluminium and zinc-bas
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    • NEWS | 23 Feb 13:41
    • Eramet to cut Mn alloys production
    • London, 23 February (Argus) — French mining and metals company Eramet Group will cut manganese alloys production 10-20pc across its international operations, resulting in a potential loss of almost 150,000 t/yr, until prices increase to a level the company reckons is viable to restart th
    • Read more
    • NEWS | 23 Feb 13:33
    • Drilling to start at Seymour Lake lithium project
    • Johannesburg, 23 February (Argus) — Perth-based Ardiden has received approvals to start exploration drilling at the Seymour Lake Lithium Project in Ontario, Canada. The company said the drilling programme will form part of its due diligence towards exercising its option to acquire the p
    • Read more
    • COMMENTARY | 23 Feb 12:33
    • LME minors: prices up, following physical sectors
    • London, 23 February (Argus) — London Metal Exchange (LME) minor metals are moving steadily this week, extending a trend through February as a similar pattern develops in the physical market. LME cash molybdenum settled at a cash price of $11,700/12,200/t on 22 February, from $11,500/12,
    • Read more
    • NEWS | 22 Feb 22:37
    • US stainless steel surcharges fall
    • Houston, 22 February (Argus) — US stainless steel producers lowered nickel-based surcharges for March shipments for Type 304 and 316 scrap due to continued weakness in nickel and ferrochrome prices. North American Stainless (NAS), AK Steel and Allegheny Technologies (ATI) lowered Type-
    • Read more
    • NEWS | 22 Feb 22:30
    • ISRI adds five new nonferrous specifications
    • Houston, 22 February (Argus) — The Institute of Scrap Recycling Industries (ISRI)has added five new specifications to its 2016 Scrap Specifications Circular . Four of the new specifications are for brass, and are called Ebulent, Ecstatic, Nascent and Niche. "Ebulent" comprises certai
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    • NEWS | 22 Feb 22:02
    • US aluminum production falls, imports rise in 2015
    • Houston, 22 February (Argus) — Primary aluminum production in the US fell by 7pc in 2015 compared to the prior year amid production shutdowns and curtailments, while imports grew by 6.3pc. Production totaled 1.6mn t in 2015, compared with 1.7mn t in 2014, according to the US Geological
    • Read more
    • NEWS | 22 Feb 21:18
    • Global tin market ends year in deficit
    • Houston, 22 February (Argus) — The global tin market was in a deficit of 8,700t last year, while reported stockpiles were off by 5,200t from the prior year. Global production of refined tin metal, excluding re-processed London Metal Exchange metal, was down by 25,600t from the prior yea
    • Read more
    • NEWS | 22 Feb 21:16
    • Global copper use down, output up
    • Houston, 22 February (Argus) — Global apparent use of copper fell by 1pc in the first 11 months of 2015 compared with the same period a year earlier, while production of refined copper rose by 1.6pc in the same period. The refined copper balance for the period showed a seasonally adjust
    • Read more
    • NEWS | 22 Feb 21:10
    • US raw steel production and utilization flatten
    • Houston, 22 February (Argus) — US raw steel production remained flat at 1.70mn net tons (1.5mn metric tonnes) in the week ending 20 February compared to a week earlier, with capacity utilization unchanged at 72.7pc. According to data provided by the American Iron and Steel Institute, st
    • Read more
    • NEWS | 22 Feb 20:58
    • Global tin market ends year in deficit
    • Houston, 22 February (Argus) — The global tin market was in a deficit of 8,700t last year, while reported stockpiles were off by 5,200t from the prior year. Global production of refined tin metal, excluding re-processed London Metal Exchange metal, was down by 25,600t from the prior yea
    • Read more
    • NEWS | 22 Feb 20:22
    • US silicon production declines in November
    • New York, 22 February (Argus) — US silicon metal and alloy production declined by 1.3pc in the first eleven months of 2015 from the same period a year earlier, according to data from the US Geological Survey (USGS). Silicon metal and alloy production for the first eleven months fell to
    • Read more
    • COMMENTARY | 22 Feb 20:15
    • US Co: Prices mixed amid limited demand
    • New York, 22 February (Argus) — US cobalt prices were mixed this past week amid thin trading. High-grade cobalt (Co 99.8pc) prices dropped by 15¢/lb this week to $10.85-11.20/lb as demand fell. This week's price drop comes just one week after prices increased by 22.5¢/lb. Prices have
    • Read more
    • NEWS | 22 Feb 18:15
    • Copper Mountain sells less copper, losses widen
    • Houston, 22 February (Argus) — Canadian miner Copper Mountain sold 1.1pc less copper at lower prices last year than in 2014, and its losses widened by 360pc. British Columbia-based Copper Mountain sold 79.8mn lbs of copper last year, compared with 80.75mn lbs the prior year. Output fell
    • Read more
    • NEWS | 22 Feb 18:05
    • Brazil ferro-nickel exports up in January
    • London, 22 February (Argus) — Brazil's ferro-nickel exports increased 82.9pc in January from a year earlier to 18,428t. Shipments of manganese ores and concentrates, including ferruginous manganese ores and concentrates rose 26.6pc to 124,178t. Neither figures for silicon with less tha
    • Read more
    • NEWS | 22 Feb 18:03
    • North Star BlueScope volumes rise on acquisition
    • Houston, 22 February (Argus) — The North American arm of Australia-based steelmaker BlueScope's shipments of hot rolled products increased by 31pc in the six months ended December, mostly due to the buyout of Cargill's equity interest in its subsidiary North Star. The company's hot roll
    • Read more
    • NEWS | 22 Feb 17:58
    • Eramet Comilog to suspend Mn ore output in Gabon
    • Eramet Comilog to suspend Mn ore output in Gabon London, 22 February (Argus) — French mining and metals company Eramet Comilog will stop ore production at its manganese mine Moanda in Gabon, central Africa, for four weeks because of low market prices, an official confirmed to Argus. The
    • Read more
    • NEWS | 22 Feb 16:44
    • UK manufacturers expect lower selling prices
    • London, 22 February (Argus) — UK manufacturers expect there to be a downtrend in selling prices in the next three months, according to the latest monthly survey by the Confederation of British Industry (CBI). Manufacturers in the metals, chemicals and mechanical engineering sectors cont
    • Read more
    • NEWS | 22 Feb 13:10
    • Elkem to shift polysilicon exports to domestic use
    • London, 22 February (Argus) — Norwegian renewable energy group Elkem Solar is to restart parts of a former REC solar wafer factory in Porsgrunn, Norway, to produce ingots for solar panels, an official confirmed to Argus. Elkem Solar will supply solar silicon (polysilicon) from its plant
    • Read more
    • NEWS | 22 Feb 13:03
    • Eurozone manufacturing growth slowing
    • London, 22 February (Argus) — Manufacturing output in the eurozone fell to a 12-month low in February, indicating very marginal growth in the first quarter, according to a preliminary estimate by the economic consultancy Markit. Manufacturing output moved closer to stagnation this month
    • Read more
    • NEWS | 22 Feb 12:33
    • Jubilee on track with chrome/PGM tailings projects
    • Johannesburg, 22 February (Argus) — Johannesburg and London listed Jubilee Platinum is on track to commission a chrome and platinum group metals tailings plant at ASA Metals by the end of February and another tailings plant at Hernic Ferrochrome during the fourth quarter of 2016. The co
    • Read more
    • NEWS | 22 Feb 11:41
    • Horomela gains Zn, Cu, Pb, Ag exploration rights
    • Johannesburg, 22 February (Argus) — South African base metals explorer Horomela Investments has received 14 prospecting rights from the Department of Mineral Resources enabling it to prospect for lead, zinc, copper and silver over an area of around 150,000 hectares in South Africa's mine
    • Read more
    • ANALYSIS | 19 Feb 23:59
    • This Week in Metals: 15-19 February
    • Metal markets are still waiting for direction after China's return to business following the week-long public holiday. This week, sandwiched between the lunar new year holiday and the lantern festival on Monday, activity in China focused on the domestic market, with export-import busine
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    • NEWS | 19 Feb 23:24
    • First Quantum copper, nickel sales fall
    • New York, 19 February (Argus) — Canadian copper and nickel producer First Quantum 2015 copper concentrate production was little changed last year while its copper sales slipped. First Quantum produced 428,229t of copper concentrate in 2015, up by 0.1pc from 427,655t a year earlier. Four
    • Read more
    • NEWS | 19 Feb 22:49
    • Materion profits slip, expects 2016 rebound
    • New York, 19 February (Argus) — Connecticut-based advanced material and alloy producer Materion decreased 2015 revenues by 9pc on weakened oil and gas market sales and currency fluctuations. The company posted revenues during 2015 of $1.03bn, down from 1.13bn a year prior. 2015 profits
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    • COMMENTARY | 19 Feb 22:32
    • US Si: Abundant supply holds down pricing
    • New York, 19 February (Argus) — US silicon metal prices fell this week amid abundant supplier inventories. Silicon metal (Si 98.5pc) prices fell by 5¢/lb to $1.05-1.08/lb this week, its lowest level since August 2007. Prices have dropped for three consecutive weeks and are down by 8.6pc
    • Read more
    • COMMENTARY | 19 Feb 22:29
    • US ferrotungsten, ferro-boron markets flat
    • New York, 19 February (Argus) — US ferrotungsten prices were flat this week with minimal trading and steady offers. Prices have stayed fairly flat since 12 November when they fell by 25¢/lb. Market participants reported no sales this past week as steel producers opted for cheaper substi
    • Read more
    • COMMENTARY | 19 Feb 22:27
    • US molybdenum market quiet, prices mixed
    • New York, 19 February (Argus) — US molybdenum had a mixed week of trading as tepid interest caused weakness in some material. US molybdenum oxide (Mo 57pc) prices held steady at $5.30-5.40/lb this week, as suppliers kept offer prices unchanged. Reduced ferromolybdenum demand pushed off
    • Read more
    • NEWS | 19 Feb 22:11
    • Global lead market moves to surplus
    • Houston, 19 February (Argus) — The global lead market moved into surplus in 2015 from a deficit the prior year as metal usage, led by declining demand in China, fell faster than production. The lead market was in a surplus by 157,000t last year, swinging from the prior year's deficit of
    • Read more
    • COMMENTARY | 19 Feb 22:06
    • Automotive alloy prices hold, others dip
    • Houston, 19 February (Argus) — Prices for secondary aluminum alloys used mainly in automotive manufacturing held firm this week while other alloy prices fell. A week after all alloy prices increased due to tight scrap supply, an apparent drop in non-automotive manufacturing pressured se
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    • NEWS | 19 Feb 20:04
    • Outokumpu taps Letnich as vice president
    • Houston, 19 February (Argus) — Finland-based stainless steel producer Outokumpu has appointed Steve Letnich as vice president of sales for the Coil Americas business unit. Letnich previously held the position of executive vice president and chief commercial officer at AM Castle Compan
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    • NEWS | 19 Feb 19:58
    • US keeps China steel duties in place
    • Houston, 19 February (Argus) — The US International Trade Commission (USITC) today determined that it will not lift antidumping and countervailing duties on seamless carbon and alloy steel standard, line, and pressure pipe from China. All six commissioners voted to keep the duties in p
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    • COMMENTARY | 19 Feb 19:56
    • US stainless scrap prices move higher
    • Houston, 19 February (Argus) — Stainless steel scrap processor buying prices rose this week as supply tightened and nickel climbed in London trading. Processor buying prices for type 304 (18-8) scrap solids traded at $870-900/gt today, up from $850–890/gt a week earlier. Type 316 scrap
    • Read more
    • NEWS | 19 Feb 19:32
    • Gibraltar sees solar racking leading sales
    • Houston, 19 February (Argus) — Gibraltar Industries is forecasting its revenue will rise by about 3pc this year from 2015, led by growth in sales of solar racking from a recent acquisition. Buffalo, New York-based Gibraltar sees revenue growing to as much as $1.08bn, compared with sales
    • Read more
    • COMMENTARY | 19 Feb 19:28
    • US aluminum export scrap prices rise
    • Houston, 19 February (Argus) — Prices of US aluminum scrap for export rose this week, following the London Metal Exchange higher, amid lack of material to meet demand and pressure from competitive domestic buying. Nonferrous shredded scrap prices for zorba, 94pc metallic with 3-4pc red
    • Read more
    • NEWS | 19 Feb 19:27
    • Mueller Industries to buy Jungwoo Metal
    • Houston, 19 February (Argus) — Tennessee-based copper products manufacturer Mueller Industries has agreed to purchase a 60pc stake in South Korea's Jungwoo Metal Industry in a deal that should close in the current quarter. "This transaction complements our core copper business by expand
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    • NEWS | 19 Feb 18:58
    • US rig count falls to 514 as bankruptcies loom
    • Houston, 19 February (Argus) — The US drilling rig count continued to fall with further drops likely ahead amid expectations of a rise in bankruptcies. The total fell by 27 rigs to 514, oilfield services provider Baker Hughes said, touching a new low since May 1999, when it fell to 507.
    • Read more
    • NEWS | 19 Feb 18:56
    • Scrap freight rates level despite better sentiment
    • London, 19 February (Argus) — Scrap freight rates remained unchanged in the past week for the Europe to Turkey and USEC to Turkey routes, even though positive sentiment strengthened after bunker fuel prices increased. Freight rates for 40,000t cargoes on Supramax/Panamax vessels heading
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    • NEWS | 19 Feb 18:32
    • Sims closes 7 US facilities, 25 more for sale
    • Houston, 19 February (Argus) — Australia-based Sims Metal Management has closed seven US facilities in response to "challenging and volatile" market conditions, and plans to close or sell 25 more in 2016. The majority of the facilities closed were located in the central region of the US
    • Read more
    • COMMENTARY | 19 Feb 16:42
    • LME copper, aluminium trade higher on equities
    • London, 19 February (Argus) — London Metal Exchange copper and aluminium traded higher this week on speculative buying supported by increases in the equity markets. Three-month copper rose to $4,587/t on Friday from $4,487/t a week ago, as traders shrugged off data showing that the surp
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    • NEWS | 19 Feb 16:01
    • Century Aluminum sees more cutbacks, ships less
    • Houston, 19 February (Argus) — US primary aluminum smelters may be producing at less than a third their rate of last year by the middle of 2016 should current economic conditions persist, Century Aluminum chief executive Michael Bless said. Cutbacks could reduce output to a rate as low
    • Read more
    • ANALYSIS | 19 Feb 15:52
    • Railroads trim billions in investment for 2016
    • Washington, 19 February (Argus) — Most of the North American Class I railroads are planning to slash spending by billions of dollars in 2016, including through job cuts and reduced infrastructure investments, in response to weaker commodity traffic. Railroads poured cash into their oper
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    • NEWS | 19 Feb 15:51
    • OTDI: Metals shippers report satisfactory service
    • Washington, 19 February (Argus) — Metals shippers were satisfied with the on-time delivery performance of the Class I railroads last quarter, although some identified problems at eastern carriers that have consolidated operations to cut costs. Argus asked shippers to rate the railroad
    • Read more
    • COMMENTARY | 19 Feb 15:40
    • LME lead drops on large deliveries, nickel higher
    • London, 19 February (Argus) — London Metal Exchange nickel, zinc and tin traded higher this week on a mixture of physical interest and speculative buying, while lead prices declined following large deliveries of the metal into LME warehouses. Three-month nickel futures traded at $8,370/
    • Read more
    • NEWS | 19 Feb 12:02
    • SunEdison set to close Texas polysilicon plant
    • New York, 19 February (Argus) — US-based Renewable energy development company SunEdison will close its Pasadena, Texas, polysilicon manufacturing plant. The Maryland Heights, Missouri-based company said production at the plant has been terminated and seed production will end by the thir
    • Read more
    • COMMENTARY | 19 Feb 00:20
    • Limited trading leaves US ferrochrome prices flat
    • New York, 19 February (Argus) — US low-carbon ferrochrome prices were mostly unchanged this week on minimal trading activity. US low-carbon ferrochrome (Cr 60-65pc, C 0.05pc) prices were unchanged at $2.18-2.20/lb through this past week, after limited demand from stainless steel produc
    • Read more
    • COMMENTARY | 19 Feb 00:10
    • Demand for secondary aluminum scrap rises
    • Houston, 19 February (Argus) — Increased demand for high-grade turnings and mixed low-copper clips amid tight supply sent prices for the two grades higher this week. High-grade turnings prices increased to 52-54¢/lb this week from 51-52¢/lb a week earlier, climbing to their highest leve
    • Read more
    • COMMENTARY | 19 Feb 00:08
    • US SiMn prices flat as China demand rises
    • Houston, 19 February (Argus) — US silicomanganese (Mn 65pc, Si 16pc) prices were flat this week as a 2.5pc increase in Chinese prices over the past two weeks was offset by minimal US demand. US prices held between $0.33-0.36/lb this week, after rising by 2¢/lb a week earlier. Prices h
    • Read more
    • COMMENTARY | 19 Feb 00:03
    • US ferrotitanium prices flat in active environment
    • New York, 19 February (Argus) — US ferrotitanium prices were unchanged this week amid active trading. US ferrotitanium (Ti 70pc) traded at $1.65-1.80/lb today, continuing in a price range last traded in August 2009. Market participants said a number of 20t trades have been placed over
    • Read more
    • NEWS | 18 Feb 23:39
    • Vale ferro-alloys output drops, nickel up
    • Sao Paulo, 18 February (Argus) — Brazilian mining giant Vale said ferro-alloys production fell 41.8pc in 2015 to 99,000t. Lower output followed a decision by Vale executives to shut down the Barbacena and Ouro Preto plants in Minas Gerais state, which became financially unviable after t
    • Read more
    • NEWS | 18 Feb 23:38
    • Albemarle increases lithium sales, annual revenues
    • New York, 18 February (Argus) — Louisiana-based chemical firm Albemarle increased 2015 revenues by 49pc on strong lithium and performance catalyst sales which were partially offset by foreign currency fluctuations. The company posted 2015 revenues of $3.65bn, up from $2.45bn a year earl
    • Read more
    • COMMENTARY | 18 Feb 23:37
    • European stainless scrap rises
    • Houston, 18 February (Argus) — European stainless steel scrap prices increased by a penny in the latest week amid renewed strength in terminal markets. Northern European stainless steel scrap traded at 42-43¢/lb for type 304 (18-8) scrap solids and 55-56¢/lb for 316 scrap solids, both i
    • Read more
    • NEWS | 18 Feb 23:32
    • USW accuses Asarco of labor violations
    • Houston, 18 February (Argus) — The US Steelworkers and the National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic (Los Mineros) filed a complaint that accuses Mexico's largest mining company Grupo Mexico and its US subsidiary Asarco of violating workers' rights i
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    • COMMENTARY | 18 Feb 23:28
    • European nickel cathode premiums flat
    • Houston, 18 February (Argus) — Premiums for nickel cathodes in warehouse Rotterdam remained unchanged in the latest week while demand increased for higher-grade cathodes. Premiums stayed flat at $40-60/t this week amid limited trading as interest grew for higher grade cathodes priced cl
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    • NEWS | 18 Feb 22:35
    • Competition to increase in Quebec recycling market
    • Houston, 18 February (Argus) — Competition in the Quebec scrap recycling market is set to increase with the addition of two new suppliers, Total Metal Recovery and Derichebourg Environmental. Ferrous metal recycling veteran Jean-Guy Hamelin will return to the market after a nine-year hi
    • Read more
    • NEWS | 18 Feb 22:28
    • US launches steel duty evasion probe
    • Houston, 18 February (Argus) — The US Commerce Department plans to launch an investigation into whether imports of certain cut-to-length carbon steel plate from China are circumventing antidumping duties that have been in effect since 2003. The investigation will determine if Chinese pr
    • Read more
    • NEWS | 18 Feb 21:12
    • Vallourec’s North American sales fall
    • Vallourec's North American sales fall Houston, 18 February (Argus) — France-based tubular steel producer Vallourec's sales in North America fell by 33.3pc in 2015, and the company expects further weakness in 2016 due to falling sales to the oil and gas industry. Operators in the region
    • Read more
    • NEWS | 18 Feb 18:32
    • Essar Algoma challenges Canada’s duties ruling
    • Essar Algoma challenges Canada's duties ruling Houston, 18 February (Argus) — Ontario-based steelmaker Essar Steel Algoma today said it has appealed to the Federal Court of Appeal in Canada to overturn a decision blocking the implementation of antidumping and countervailing duties on stee
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    • NEWS | 18 Feb 16:58
    • Southern Copper sees steady demand growth
    • Houston, 18 February (Argus) — US-headquartered Southern Copper expects 3.5pc demand growth for copper in China this year, with slower but steady growth in the US, Europe and Japan to foster a recovery in copper prices. Southern Copper expects China's demand for copper to grow as the ho
    • Read more
    • NEWS | 18 Feb 16:36
    • Reliance expects more shipments as economy grows
    • Houston, 18 February (Argus) — US metals service center Reliance Steel Aluminum's total shipments fell by 2.8pc in 2015 compared to the prior year, but the company expects a rebound in shipments as the US economy continues its "slow growth" into 2016. Tons sold of carbon steel, alumi
    • Read more
    • NEWS | 18 Feb 13:10
    • Iluka boosts investment in UK's Metalysis
    • London, 18 February (Argus) — Australian mining firm Iluka Resources and UK-based fund Woodford Patient Capital Trust will invest a combined £20mn ($28.8mn) in UK powder metallurgical producer Metalysis. Iluka will inject an initial £6mn, with a further £4mn to follow before July. The t
    • Read more
    • NEWS | 18 Feb 12:38
    • Rift Valley flags potential at Angola Cu prospect
    • Johannesburg, 18 February (Argus) — Perth-based Rift Valley Resources has announced encouraging copper drilling results at its Cassenha Hill copper-gold prospect in Angola. The company said that assay results have confirmed the depth extension of copper mineralisation. A trenching progr
    • Read more
    • NEWS | 18 Feb 12:23
    • Cu output falls at Cerro Corona mine in Peru
    • Johannesburg, 18 February (Argus) — International gold mining group Gold Fields produced 6,645t of copper at its Cerro Corona copper-gold mine in Peru in the three months to 31 December, 2015. The group said in its December quarterly report that copper output at Cerro Corona was 11pc lo
    • Read more
    • COMMENTARY | 17 Feb 23:57
    • US aluminum premium unchanged
    • Houston, 17 February (Argus) — The midwest premium was unchanged this week as LME aluminum cash prices remained above three-month pricing, as they have for the last month. The premium stayed at 9-9.15c/lb, as backwardation increased the availability of physical aluminum. Metal once una
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    • NEWS | 17 Feb 23:11
    • Northwest Pipe shifts focus at Mexico facility
    • Houston, 17 February (Argus) — Washington state-based Northwest Pipe plans to rebrand its Mexico facility as it shifts its focus toward pump stations and treatment plants in the United States. The facility, located in Monterrey and currently known as Northwest Pipe Mexico, will be renam
    • Read more
    • COMMENTARY | 17 Feb 23:06
    • Bare bright and No. 1 spreads hold as Comex rises
    • Houston, 17 February (Argus) — Consumer buying price spreads for bare bright copper scrap were unchanged for a third week, reflecting tepid market activity. Spreads for bare bright were at 0-2¢/lb under March Comex for a third consecutive week. Spreads rose from 1-3¢/lb under the last w
    • Read more
    • COMMENTARY | 17 Feb 23:02
    • Aluminum cans spreads narrow despite ample supply
    • Houston, 17 February (Argus) — Used aluminum beverage can (UBC) spreads narrowed today in relation to the midwest transaction price as mills draw close to meeting near-term volume goals. UBC prices increased to 61-63¢/lb from 60-61¢/lb, or to 79pc of the midwest transaction price from 7
    • Read more
    • COMMENTARY | 17 Feb 22:43
    • Cathode premiums flat for third week
    • Houston, 17 February (Argus) — Premiums for copper cathode were unchanged in the latest week as demand was flat for 30-day deliveries even as shortages of scrap prompted some demand for faster deliveries. Cathode grade A premiums were at 5.25-6.0¢/lb today delivered midwest consumer for
    • Read more
    • COMMENTARY | 17 Feb 22:38
    • European aluminum premiums flat
    • Houston, 17 February (Argus) — Average premiums for aluminum in warehouse Rotterdam remained stable in the latest week amid lackluster trading. The P1020 duty paid spot premium traded at an average $140/t, with a range of $135-145/t, in Rotterdam warehouses, similar to last week, when t
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    • NEWS | 17 Feb 21:01
    • Zinc market swings to global surplus
    • Houston, 17 February (Argus) — The global zinc market swung into surplus last year from a deficit the prior year as zinc output outpaced consumption. The zinc market posted a surplus of 81,000t last year, compared with a deficit of 209,000t in 2014t, according to the London-based World
    • Read more
    • NEWS | 17 Feb 20:41
    • Canadian service center aluminum shipments up
    • Houston, 17 February (Argus) — Canadian service center shipments of aluminum products, excluding extrusions, rose by 29pc in January from the prior month while inventories fell to 3.1 months of supply from 4.1 months in December. Shipments totaled 9,800 net tons (8,890 metric tonnes) i
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    • NEWS | 17 Feb 20:40
    • US service center aluminum shipments up
    • Houston, 17 February (Argus) — US service center shipments of aluminum products rose by 9.7pc in January from the prior month while inventories fell to 3.1 months from 3.5 months in December. Service center steel shipments totaled 123,000 net tons (111,583 metric tonnes) in January, com
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    • NEWS | 17 Feb 19:52
    • Global copper surplus widened in 2015
    • Houston, 17 February (Argus) — The surplus on the global copper market widened by 26pc last year as refined output rose faster than consumption. The global surplus rose to 146,000t last year from a surplus of 116,000t in 2014, according to London-based World Bureau of Metal Statistics.
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    • NEWS | 17 Feb 19:26
    • Nickel production falls, market in deficit in 2015
    • New York, 17 February (Argus) — Global nickel demand exceeded production by 13,000t during 2015, according to figures from the World Bureau of Metal Statistics (WBMS). The nickel market rose from a 241,800t surplus in 2014. Global mine production fell by 6.8pc in 2015 to 1.77mn t from
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    • NEWS | 17 Feb 19:15
    • Bombardier reducing workforce as revenues decline
    • New York, 17 February (Argus) — Canadian aerospace and transportation equipment manufacturer Bombardier decreased 2015 revenue by 9.6pc compared to the prior year, and it plans a workforce reduction of 7,000 employees. The company's revenues for 2015 fell to $18.17bn from $20.11bn in 20
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    • NEWS | 17 Feb 18:52
    • Macedonia firm puts off restart of Mn alloy output
    • London, 17 February (Argus) — Macedonian manganese ferro-alloys smelter Skopski Leguri will not be restarting production of ferro-alloys for the foreseeable future because of low prices in its key European market. Skopski Leguri has three ferro-alloys furnaces, with two making silico-ma
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    • NEWS | 17 Feb 18:16
    • Brazil alumina, aluminium boosts Norsk Hydro
    • Sao Paulo, 17 February (Argus) — Global aluminium producer Norsk Hydro said record production at its Paragominas and Alunorte operations in Brazil contributed to overall increases in alumina and primary aluminium output. Alumina output was up 0.5pc to 5.96mn t, while primary aluminium o
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    • NEWS | 17 Feb 18:09
    • US magnesium metal imports fall 30.5pc in December
    • New York, 17 February (Argus) — US imports of unwrought magnesium metal fell 30.5pc in December compared with the same period a year earlier and were also down 14.9pc for the full year 2015, according to latest figures from the US International Trade Commission (ITC). Imports of unwroug
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    • NEWS | 17 Feb 17:24
    • Ukraine ferro-alloy firm cuts jobs as demand fades
    • London, 17 February (Argus) — Ukrainian ferro-alloy producer Zaporozhye Ferroalloy Plant said it has begun talking to trade unions about cutting staff after one its major buyers, Ukraine's biggest steel company Metinvest, said it planned to cut its administrative staff by 30pc this year
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    • NEWS | 17 Feb 17:11
    • Anglo expects niobium division sale in 2-3 months
    • Sao Paulo, 17 February (Argus) — UK-South African diversified mining group Anglo American should complete the sale of its niobium business in Brazil in the next two to three months, chief executive Mark Cutifani has said. Around half a dozen bidders have appeared since the company began
    • Read more
    • NEWS | 17 Feb 17:09
    • Canada service center steel shipments rise
    • Houston, 17 February (Argus) — Canadian service center shipments of steel products rose by 43pc in January from the prior month while months' supply of inventory fell to 3.2 months from 4.3 months. Service center steel shipments rose to 389,700nt (353,530 metric tonnes) from 272,900 in
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    • NEWS | 17 Feb 16:51
    • US service center steel inventories fall
    • Houston, 17 February (Argus) — US service center shipments of steel products rose by 9.9pc in January from the prior month while months' supply of inventory fell to 2.6 months from 3 months in December. Service center steel shipments totaled 3.05mn net tons (2.7mn metric tonnes) in Janu
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    • NEWS | 17 Feb 16:28
    • Capstone forecasts increased copper output
    • Houston, 17 February (Argus) — Vancouver-based Capstone Mining is forecasting its output this year may grow by as much as 22pc from last year's level while its cash costs of production will fall by as much as 28pc. Capstone is forecasting output of 108,000t of copper in 2016, within a r
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    • NEWS | 17 Feb 16:09
    • Ecuador signs deepwater, mining port contracts
    • Quito, 17 February (Argus) — Ecuador has signed a string of contracts for ports construction and operation. Dubai's DP World signed a preliminary agreement with Ecuador's transportation ministry to build, finance and operate a $1.2bn deepwater port at Posorja, 120km (75mi) south of Guay
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    • NEWS | 17 Feb 16:04
    • US silicon metal imports fall 21.4pc in December
    • New York, 17 February (Argus) — US silicon metal imports fell 21.4pc in December compared with the same period a year earlier and were also down 14.9pc for the year 2015, according to latest data from the US International Trade Commission (ITC). Silicon imports, containing by weight les
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    • NEWS | 17 Feb 16:00
    • Lithium companies advance Nevada projects
    • London, 17 February (Argus) — US explorer Pure Energy Minerals has completed a fourth well at the Clayton Valley South lithium brine project in Esmerelda County, Nevada, in the US. And the company expects to complete a fifth well on the site in the near future. The wells will provide g
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    • NEWS | 17 Feb 14:48
    • Glencore signs new revolving credit facility
    • Johannesburg, 17 February (Argus) — Switzerland-based diversified commodities producer and trader Glencore has signed a new revolving credit facility which will ultimately refinance and replace its existing $8.45bn facility. Glencore said that in the initial pre-syndication phase it rec
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    • NEWS | 17 Feb 12:20
    • US military offers 3,317st of HC FeCr for sale
    • New York, 17 February (Argus) — US defence department's procurement arm, the Defense Logistics Agency (DLA), has offered 3,317 short tons (st) of high carbon ferro-chrome and 2.8mn lbs of low carbon material for sale in February. Agency is offering 3,317st of Cr65.03pc and C5.90pc high
    • Read more
    • COMMENTARY | 17 Feb 00:23
    • European copper scrap prices flat
    • Houston, 17 February (Argus) — Copper scrap prices were unchanged in Europe with scrap supply remaining tight. Consumer buying price spreads for No. 2 birch cliff was at 92-92.5pc of the London Metal Exchange, delivered consumer, unchanged from a week earlier. Prices for berry/candy wer
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    • COMMENTARY | 17 Feb 00:16
    • European copper cathode premiums fall
    • Houston, 17 February (Argus) — Copper cathode premiums in Rotterdam warehouses fell by $10/t this week as business remained slow with inventory in oversupply. Cathode premiums fell to $15-25/t in the latest week from $25-35/t a week earlier. LME copper warehouse stocks have averaged 22
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    • NEWS | 17 Feb 00:16
    • Taseko files civil claim against Canada
    • New York, 17 February (Argus) — Canadian copper and molybdenum miner Taseko Mines today said it has filed a civil claim against the Canadian federal government for damages allegedly caused by an environmental report that has prohibited the development of a copper and gold mine. The rep
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    • NEWS | 16 Feb 23:57
    • Teets retires, SDI appoints three new managers
    • Houston, 16 February (Argus) — Steel Dynamics will create senior vice president positions for its downstream manufacturing, long products and flat rolled steel business divisions to coincide with the retirement of cofounder Richard Teets. Teets will retire from his role as executive vi
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    • NEWS | 16 Feb 23:54
    • Kaiser Aluminum shipments rise, profits fall
    • Houston, 16 February (Argus) — California-based rolled product manufacturer Kaiser Aluminum increased its shipment volumes by 4pc in the fourth quarter from a year earlier. The company shipped 147mn lbs of products in the quarter ended 31 December 2015 compared to 141mn lbs in the year
    • Read more
    • COMMENTARY | 16 Feb 23:38
    • Aluminum extrusion scrap spreads tighten
    • Houston, 16 February (Argus) — ed this week as concerns of supply amid growing interest from secondary smelters allowed prices on some grades to outpace rising exchange prices. London Metal Exchange cash prices settled at $1,528/t (69.3¢/lb) today, up approximately 2¢/lb from $1,492/t a
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    • NEWS | 16 Feb 23:30
    • Lower copper grades hit Sociedad Corona profit
    • Sao Paulo, 16 February (Argus) — Sociedad Minera Corona, a division of Canada's Sierra Metals, says lower ore grades in the fourth quarter continued to affect 2015 copper production, contributing to a 28pc fall in output at its Yauricocha mine in Peru for the full twelve months. Copper
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    • NEWS | 16 Feb 22:54
    • Lower copper grades hit Sociedad Corona profit
    • Houston, 16 February (Argus) — Sociedad Minera Corona, a division of Canada's Sierra Metals, says lower ore grades in the fourth quarter continued to affect 2015 copper production, contributing to a 28pc fall in output at its Yauricocha mine in Peru for the full twelve months. Copper p
    • Read more
    • NEWS | 16 Feb 22:25
    • US sets preliminary duties on Australian SiMn
    • New York, 16 February (Argus) — The US Commerce Department has set a 12.03pc duty on imports of Australian silicomanganese after finding that the material entered the US at less than fair market value. The US International Trade Commission (ITC) must rule by 28 March whether the imports
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    • NEWS | 16 Feb 20:14
    • AK Steel increasing stainless steel base prices
    • New York, 16 February (Argus) — Ohio-based steel producer AK Steel will increase the base price for all its stainless steel products starting with shipments on 1 March. Commodity sheet and strip, specialty sheet and strip, as well as pipe and tube sheet and strip products will increase
    • Read more
    • NEWS | 16 Feb 18:43
    • Tri-Star signs contractor for Oman antimony plant
    • London, 16 February (Argus) — UK-based prospective antimony producer Tri-Star Resources has signed an agreement for Engineering, Procurement and Construction Management (EPCM) services for its Oman antimony roaster project with engineering firm WorleyParsons Oman. The EPCM agreement det
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    • NEWS | 16 Feb 18:00
    • Quebec union ratifies ArcelorMittal contract
    • Houston, 16 February (Argus) — Unionized employees at ArcelorMittal's long products facilities in Canada today accepted the terms of a new, six-year labor contract. Luxembourg-based steel producer ArcelorMittal and the Quebec District of the United Steelworkers (USW) union reached a ten
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    • NEWS | 16 Feb 17:26
    • Ferrum Crescent mulls Spanish Pb, Zn projects
    • Johannesburg, 16 February (Argus) — Minerals explorer and developer Ferrum Crescent has entered into an option agreement for the potential acquisition of two lead-zinc exploration projects in Spain. The company said the option has been entered into with GoldQuest Iberica for the Toral a
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    • NEWS | 16 Feb 17:21
    • SSAB Americas ships less at lower prices in 2015
    • Houston, 16 February (Argus) — SSAB Americas expects demand to improve during the first quarter of 2016 after shipments and prices fell in 2015. The Sweden-based company's steel shipments at its Americas segment fell by 9pc in 2015 compared to the year prior while steel production fell
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    • NEWS | 16 Feb 17:07
    • Military to run Venezuela oil, gas, mining company
    • Caracas, 16 February (Argus) — Venezuelan president Nicolas Maduro has created a new oil, gas and mining company to be operated autonomously by Venezuela's armed forces, a move that greatly expands the military´s influence and clouds the role of state-owned oil company PdV. The new Mini
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    • NEWS | 16 Feb 16:52
    • Minsur's 2015 tin output down on lower grades
    • London, 16 February (Argus) — Lower grades of tin at the Minsur's San Rafael tin mine affected the Peruvian mining company's overall output of refined tin in 2015 and production declined 17pc to 20,224 t/yr. Mine output at San Rafael declined 18pc on the year in the last quarter of 2015
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    • NEWS | 16 Feb 15:33
    • US raw steel production and capacity rates rise
    • Houston, 16 February (Argus) — US raw steel production rose by 1.1pc to 1.7mn net tons (1.5mn metric tonnes) in the week ending 13 February compared to the prior week, while capacity utilization rose to 72.8pc. Capacity utilization increased from 71.9pc in the prior week but was off fro
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    • NEWS | 16 Feb 15:09
    • Anglo bets future on PGMs, diamonds and copper
    • Johannesburg, 16 February (Argus) — Diversified UK-South African resources group Anglo American said today that it will focus its future on its platinum group metals, diamond and copper assets, and manage its bulk commodity assets for cash flow generation or disposal. The group said in
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    • COMMENTARY | 16 Feb 14:26
    • LME minors: Extends steady trend through February
    • London, 16 February (Argus) — London Metal Exchange (LME) minor metals are moving steadily this week, extending a trend through February as a similar pattern develops in the physical market. LME cash molybdenum settled at a cash price of $11,500/12,000/t on 15 February, unchanged, while
    • Read more
    • NEWS | 16 Feb 13:42
    • Zinc market moved into surplus in 2H 2015
    • London, 16 February (Argus) — The global zinc market was in a surplus of 183,000t in the first half of last year but then turned into a 60,000t deficit in the second half, data from the International Lead and Zinc Study Group showed. Refined zinc output rose by 3.3pc in 2015 as a conseq
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    • NEWS | 16 Feb 04:13
    • Anglo American credit rating cut by Moody’s
    • Anglo American credit rating cut by Moody's Sydney, 16 February (Argus) — UK-South African mining company Anglo American has had its credit rating downgraded to junk status by Moody's Investors Service, which has also assigned a probability of a default rating to the firm, as well as plac
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    • NEWS | 15 Feb 19:00
    • Argentina eliminates mining export duty
    • Buenos Aires, 15 February (Argus) — Argentina has eliminated a 5pc tax on mining sector exports, the latest move in efforts by the new government to institute market-oriented policies after more than a decade of heavy state intervention. The export duty made Argentina "lose competitiven
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    • NEWS | 15 Feb 15:22
    • Base Resources' rutile contract cut by 20,000t
    • London, 15 February (Argus) — Australian mineral sands producer Base Resources said one of its long term buyers has reduced the annual amount of rutile it will be buying this year by around 20,000t, or about a quarter of the company's annual output. Base's rutile buyer decided to cut it
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    • NEWS | 15 Feb 14:44
    • Windimurra vanadium project buyback moves closer
    • Sao Paulo, 15 February (Argus) — Plans by Australia's Atlantic to buy the Windimurra vanadium and iron ore project from its former subsidiaries have been given a boost after more than 99pc of creditors in Midwest Vanadium (MVPL) and Atlantic Vanadium Holdings (AVHPL) voted for the acquis
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    • NEWS | 15 Feb 14:21
    • Studies support Golpu Cu, Au project in PNG
    • Johannesburg, 15 February (Argus) — Johannesburg-headquartered mining company Harmony Gold said today that the results of a stage one feasibility study and stage two pre-prefeasibility study support proceeding with the Golpu copper/gold project in Papua New Guinea (PNG). The capital cos
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    • NEWS | 15 Feb 14:10
    • US ITC hears testimony in AD SiMn case
    • London, 15 February (Argus) — The US International Trade Commission (ITC) has heard representations on behalf of domestic ferro-alloys producer Felman Production in support of an anti-dumping investigation about imports of silico-manganese from Australia. ITC heard testimony from Senato
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    • COMMENTARY | 12 Feb 23:00
    • This Week in Metals: 8-12 February
    • Houston, 12 February (Argus) — Trading for 2016 is due to start in earnest for metal markets next week as China emerges from the lunar new year holiday after a tumultuous start to the year for equities, crude and most commodities. Through January and February, markets have been stuck in
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    • NEWS | 12 Feb 20:45
    • Tenaris wins award for Venezuela ore asset seizure
    • Caracas, 12 February (Argus) — A World Bank arbitration panel has awarded Luxembourg-based steel pipe manufacturer Tenaris and its trading subsidiary Talta over $172.8mn in compensation and interest for the May 2009 expropriation of its 1.5mn t/y Matesi HBI plant and associated export te
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    • NEWS | 12 Feb 20:00
    • US stainless producers allege Chinese dumping
    • New York, 12 February (Argus) — Four US stainless steel producers have filed a petition with the US International Trade Commission seeking antidumping and anti-subsidy duties against imports of Chinese stainless steel sheet and strip. AK Steel, ATI Flat Rolled Products, North American S
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    • COMMENTARY | 12 Feb 18:46
    • US stainless scrap prices fall on lower nickel
    • Houston, 12 February (Argus) — US stainless steel scrap prices weakened in the latest week, as nickel prices on the London Metal Exchange fell to their lowest levels since April 2003 on the back of swooning prices of equities, crude and other commodities. Processor buying prices for Typ
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    • NEWS | 12 Feb 17:49
    • US aluminum scrap export prices flat
    • Houston, 12 February (Argus) — US aluminum scrap export prices were unchanged this week as China celebrated its lunar new year holidays, Japanese demand slowed and domestic secondary prices strengthened. Shredded scrap prices for zorba, 94pc metallic with 3-4pc red metal content, held u
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    • COMMENTARY | 12 Feb 17:49
    • Secondary aluminum alloy prices up on tight scrap
    • Houston, 12 February (Argus) — Secondary aluminum alloy prices increased this week as producers paying more to secure smelter-grade scrap passed costs onto consumers. Prices for the most produced alloy by volume, A380.1, increased to 86-87¢/lb from 85-86¢/lb a week earlier, inching up t
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    • NEWS | 12 Feb 17:18
    • European secondary aluminum prices flat
    • Houston, 12 February (Argus) — Prices of secondary aluminum ingots held unchanged in the latest week in both the UK and Europe, reflecting the high cost of scrap raw material in the face of declining aluminum on the London Metal Exchange (LME). Selling prices for DIN 226 die casting ing
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    • COMMENTARY | 12 Feb 16:34
    • LME copper, aluminium fall on global stock selloff
    • London, 12 February (Argus) — London Metal Exchange copper and aluminium prices ended the week lower as equity market volatility, which saw an estimated £1tn wiped off the value of global stocks, spilled into the metal markets. Copper futures traded at $4,497/t on Friday compared with
    • Read more
    • COMMENTARY | 12 Feb 16:13
    • LME nickel falls to fresh lows, tin, lead rise
    • London, 12 February (Argus) — London Metal Exchange lead and tin traded higher this week mainly because they were spared the speculative sell-off seen in other metals markets. Nickel and zinc traded lower after a sharp decline in global stock markets, which lost $1tn in value in the week
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    • NEWS | 12 Feb 15:46
    • Almonty signs 5 year tungsten supply deals
    • Sao Paulo, 12 February (Argus) — Canada-based metals company Almonty Industries has signed a five year offtake deal for its Panasqueira tungsten project in Portugal, which it acquired for the second time in January. The tungsten producer has also signed an agreement extending its existi
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    • NEWS | 12 Feb 00:10
    • BlueScope Steel writes up $700mn on Cargill buyout
    • Houston, 12 February (Argus) — BlueScope Steel plans to write up $700mn for the existing 50pc interest in the North Star BlueScope Steel that it acquired from commodity trading group Cargill. The transaction gave Australia-based BlueScope Steel 100pc ownership of what was previously a
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    • COMMENTARY | 11 Feb 23:56
    • Secondary aluminum scrap prices firm on tightness
    • Houston, 11 February (Argus) — US secondary aluminum scrap prices rose this week for most grades as ingot makers were squeezed by tight supply. Old cast aluminum scrap increased to 55-57¢/lb from 54-56¢/lb a week earlier as multiple market participants reported scarcity and some quoted
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    • NEWS | 11 Feb 23:56
    • Allegheny Technologies rebuts lockout complaint
    • Houston, 11 February (Argus) — Allegheny Technologies (ATI) plans to "vigorously challenge" a complaint issued by the National Labor Relations (NLRB) Board in regards to the lockout of employees in the company's flat rolled products business. NLRB filed a complaint against ATI in Decemb
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    • NEWS | 11 Feb 23:37
    • Sapa upbeat on aluminum extrusion demand
    • Houston, 11 February (Argus) — North American demand for extruded products grew by 1pc in the fourth quarter of 2015 compared to the same period a year earlier, according to Norwegian aluminum extrusion joint venture Sapa. The region's annual demand for extrusions increased by 5pc in 20
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    • NEWS | 11 Feb 23:33
    • Paranapanema copper exports offset local downturn
    • Paranapanema copper exports offset local downturn Sao Paulo, 11 February (Argus) — Brazilian copper producer and smelter Paranapanema expects to continue to target export sales in 2016 as part of a strategy to combat the severe domestic market downturn and low commodity prices. "Copper
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    • NEWS | 11 Feb 23:12
    • Carpenter Tech headquarters moving to Philadelphia
    • New York, 11 February (Argus) — Pennsylvania-based specialty alloy producer Carpenter Technologies plans to relocate its headquarters to Philadelphia in late 2016 from its current Wyomissing, Pennsylvania, location. Carpenter is in the process of reviewing offices in Philadelphia to sel
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    • NEWS | 11 Feb 23:05
    • Paranapanema copper exports offset local downturn
    • Paranapanema copper exports offset local downturn Houston, 11 February (Argus) — Brazilian copper producer and smelter Paranapanema expects to continue to target export sales in 2016 as part of a strategy to combat the severe domestic market downturn and low commodity prices. Introduction
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    • NEWS | 11 Feb 22:10
    • Outokumpu Americas shipments fall in 2015
    • New York, 11 February (Argus) — Finnish-based stainless steel producer Outokumpu shipped 5.9pc less stainless steel from its Coil Americas segment during a "difficult" operating environment in 2015. Coil Americas sold 509,000t of stainless steel, down from 541,000t in 2014. The segment
    • Read more
    • NEWS | 11 Feb 22:01
    • Essar Steel Algoma begins sales process
    • Houston, 11 February (Argus) — Indian-owned Essar Steel Algoma commenced the sale and investment solicitation process (SISP) for its facilities located in Canada. The Ontario-based company, a member of the India-based Steel Algoma group, secured a $200mn debtor-in-possession (DIP) fina
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    • COMMENTARY | 11 Feb 21:59
    • US metcoal: Prices mixed
    • US metcoal: Prices mixed Houston, 11 February (Argus) — Prices of US coking coal for export were mixed in the latest week amid quiet trading as global equities and commodities including crude fell on concerns of a deepening slowdown. Coal buyers and traders in the Pacific rim area were l
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    • NEWS | 11 Feb 21:37
    • US lawmakers pass trade legislation: Update
    • Updates with President Barack Obama's plan to sign the bill. Houston, 11 February (Argus) — The US Senate today passed legislation designed to enhance enforcement tools for the US Customs and Border Protection agency in an effort to ensure that proper duties are collected on US import
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    • COMMENTARY | 11 Feb 20:18
    • European nickel cathode premiums fall
    • Houston, 11 February (Argus) — Premiums for nickel cathodes in Rotterdam warehouses fell by $10/t for larger lots this week, while premiums for single truckload business stayed unchanged. Buyers of multiple truckloads paid around $40/t this week, down from $50/t a week earlier. Meanwhi
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    • NEWS | 11 Feb 19:04
    • European stainless steel scrap falls
    • Houston, 11 February (Argus) — European stainless steel scrap prices dropped by a penny/lb in the latest week, tracking weakness in London Metal Exchange (LME) pricing where nickel settled today at its lowest this year. Northern European stainless steel scrap traded at 41-42¢/lb. for 30
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    • NEWS | 11 Feb 18:27
    • US lawmakers pass trade legislation
    • Houston, 11 February (Argus) — The US Senate today passed legislation designed to enhance enforcement tools for the US Customs and Border Protection agency in an effort to ensure that proper duties are collected on US imports, including duties on steel and other metals. The Trade Facil
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    • NEWS | 11 Feb 18:11
    • Study supports Altura Pilangoora Li project
    • Johannesburg, 11 February (Argus) — Perth-based explorer Altura Mining said today a pre-feasibility study supports a base case operation producing 2.8mn t of spodumene concentrate over a 19-year period at its Pilangoora lithium prospect in Western Australia. Study confirms the potential
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    • NEWS | 11 Feb 17:58
    • US FeCr imports fall in December
    • New York, 11 February (Argus) — US ferro-chrome imports continued to fall in December, while all grades were down for the year 2015 compared with the year earlier, said data from the US International Trade Commission (ITC). Ferro-chrome imports containing more than 4pc carbon (C) were r
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    • NEWS | 11 Feb 16:25
    • Nemak boosts output, profit in fourth quarter
    • Houston, 11 February (Argus) — Mexico-based aluminum die caster Nemak increased output by 9pc in its fourth fiscal quarter compared to the same period a year earlier. The company produced approximately 372mn lbs of products, up from 342mn lbs a year earlier, as customers and North Ameri
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    • NEWS | 11 Feb 13:18
    • Canada's Ivanhoe develops world’s largest PGM mine
    • Canada's Ivanhoe develops world's largest PGM mine Johannesburg, 11 February (Argus) — Canadian-listed resources group Ivanhoe Mines is on track to develop its Platreefs project in South Africa into the world's largest platinum group metals mine. Speaking at the Investing in African Mi
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    • NEWS | 11 Feb 12:52
    • Rwanda signs minor metals mining deals
    • London, 11 February (Argus) — The Rwanda Development Board has signed three large-scale mining agreements for the extraction of tin, tantalum, tungsten and niobium with Canada-based exploration firm TriMetals Mining. The deals allow TriMetals to mine for cassiterite, columbite and wolfr
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    • NEWS | 11 Feb 12:47
    • Southern Copper moly, copper output up in 2015
    • Sao Paulo, 11 February (Argus) — New York-listed Southern Copper, which produces molybdenum as a copper by-product at the Toquepala and Cuajone mines in Peru and Buenavista site in Mexico said production increased by 1pc in 2015. The Grupo Mexico subsidiary's molybdenum output ran to 23
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    • NEWS | 11 Feb 12:02
    • Glencore's FeCr, cobalt output rises in 2015
    • Johannesburg, 11 February (Argus) — Ferro-chrome and cobalt were the best output performers in 2015 for diversified resources group Glencore which also achieved higher production of zinc, silver, palladium and manganese. The group said in a production update for the year that its volume
    • Read more
    • NEWS | 10 Feb 23:53
    • Court approves funds for bankrupt Noranda Aluminum
    • Houston, 10 February (Argus) — A Missouri court has approved up to $165mn of debtor-in-possession financing for Tennessee-based Noranda Aluminum, which announced two days ago that it has filed for chapter 11 bankruptcy protection. The funds will be used to support the company's operatio
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    • NEWS | 10 Feb 23:50
    • Glencore unit agrees gold, silver deal
    • Sao Paulo, 10 February (Argus) — Narila Investments, a subsidiary of global commodities group Glencore, signed a long-term prepayment agreement with Franco-Nevada Barbados to supply gold and silver as a percentage of copper produced at its Antapaccay mine in southern Peru. Franco-Nevada
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    • NEWS | 10 Feb 23:23
    • Sherritt increases nickel, cobalt sales in 2015
    • New York, 10 February (Argus) — Canadian nickel and cobalt miner Sherritt International increased annual nickel production by 14pc as its Ambatovy mine ramped up to 80pc capacity during 2015. Sherritt increased its production of nickel to 35,761t in 2015 from 31,276t a year earlier. Th
    • Read more
    • NEWS | 10 Feb 23:09
    • Evraz plans idling Portland spiral steel facility
    • Houston, 10 February (Argus) — Evraz North America plans to indefinitely idle its spiral mill facility in Portland, Oregon, due to "economic challenges". About 230 Evraz employees will be laid off as a result of the idling and have received 60-day Workers Adjustment and Retraining Notif
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    • NEWS | 10 Feb 23:03
    • Evraz plans idling Portland spiral steel facility
    • Houston, 10 February (Argus) — Evraz North America plans to indefinitely idle its spiral mill facility in Portland, Oregon, due to "economic challenges". About 230 Evraz employees will be laid off as a result of the idling and have received 60-day Workers Adjustment and Retraining Notif
    • Read more
    • COMMENTARY | 10 Feb 22:58
    • Aluminum cans spreads little changed
    • Houston, 10 February (Argus) — Used aluminum beverage can (UBC) spreads were little changed this week as prices fell by roughly the same amount as London Metal Exchange (LME) aluminum and the midwest premium decreased by less than 1¢/lb. LME aluminum settled at $1,499/t today, down from
    • Read more
    • COMMENTARY | 10 Feb 22:02
    • US aluminum premium softens
    • Houston, 10 February (Argus) — The midwest aluminum premium fell today, after remaining static for two weeks, as market participants were unshaken by Noranda's bankruptcy and London Metal Exchange (LME) aluminum remained in backwardation. The premium fell to 9-9.15¢/lb from 9-9.25¢/lb a
    • Read more
    • NEWS | 10 Feb 21:44
    • US brass mill imports fall faster than exports
    • Houston, 10 February (Argus) — US imports of brass mill products fell by 15pc in December from a year earlier, while exports declined by 11pc. The Washington-based Copper Brass Fabricators Council said today that US brass mill products imports in December 2015 were 33.3mn lbs compared
    • Read more
    • COMMENTARY | 10 Feb 21:02
    • US bare bright scrap holds tight
    • Houston, 10 February (Argus) — US copper scrap price spreads were unchanged this week after recent gains. Consumer buying price spreads for bare bright were at 0-2¢/lb under Comex, under March, unchanged from a week earlier. Price spreads for No. 1 wire and tube were at 5-7¢/lb, under
    • Read more
    • COMMENTARY | 10 Feb 20:55
    • US copper cathode premiums flat
    • Houston, 10 February (Argus) — Copper cathode premiums were unchanged in the latest week amid ample supply after a spurt of activity last week. Cathode grade A premiums were at 5.25-6¢/lb delivered midwest consumer today, unchanged from a week earlier. The premiums are up from 5-6¢/lb t
    • Read more
    • COMMENTARY | 10 Feb 19:40
    • European aluminum premiums fall
    • Houston, 10 February (Argus) — Premiums for European aluminum in Rotterdam warehouses fell this week, as trading slowed and primary aluminum was readily available. The P1020 duty paid spot premium traded within a range of $130-150/t today in Rotterdam warehouses, down from $150-165/t a
    • Read more
    • NEWS | 10 Feb 19:11
    • US FeV imports drop 44.8pc in December
    • New York, 10 February (Argus) — Imports of ferro-vanadium into the US fell 44.8pc in December compared with the same period a year earlier and were down 35.7pc for the year 2015, according to latest figures from the US International Trade Commission (ITC). Imports in December totalled 7
    • Read more
    • NEWS | 10 Feb 18:27
    • US rare earth imports fall in 2015
    • New York, 10 February (Argus) — US imports of rare earths fell in 2015 as some key consumer markets such as catalytic cracking products struggled, while the neodymium-iron-boron (NdFeB) magnet sector continued to show signs of recovery through the year. US imports of rare earth oxides a
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    • NEWS | 10 Feb 16:22
    • Anglo American sees little impact from Chile spill
    • Sao Paulo, 10 February (Argus) — Diversified miner Anglo American does not expect copper production to be affected by a pipeline leak of ore slurry from its Los Bronces copper mine in central Chile. Engineers carrying out a routine inspection discovered product spilling from the pipelin
    • Read more
    • NEWS | 10 Feb 16:16
    • US steel exports fall in 2015
    • Houston, 10 February (Argus) — US steel exports for the year 2015 fell by 17.2pc compared to the prior year, driven mostly by a stronger dollar and recession in Canada, but may rebound in 2016. US exports fell to 10mn net tons (9.1mn metric tonnes) in 2015, the American Institute for In
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    • NEWS | 10 Feb 16:09
    • US lead output little changed last year
    • Houston, 10 February (Argus) — US lead mines produced 1.6pc more lead in concentrate in 2015 while output of lead from secondary refineries fell by about 1pc. Production of concentrate totaled 385,000t last year, up from 379,000t the prior year, the US Geological Survey (USGS) said. Out
    • Read more
    • NEWS | 10 Feb 13:54
    • Hedland manganese ore exports fall in January
    • London, 10 February (Argus) — Manganese ore shipments from Port Hedland in Australia fell by almost two-thirds compared with a month earlier. Port Hedland manganese ore shipments in January of just under 22,000t were down by 64pc from 62,000t in December, according to data from the Port
    • Read more
    • NEWS | 10 Feb 13:47
    • CherMK plans new zinc-plating line
    • London, 10 February (Argus) — Russia's leading steel producer, Cherepovets Steel Mill (CherMK), has approved the engineering plan for a new zinc plating and polymer coating facility, parent company Severstal said. The new coatings workshop No.3 will include a continuous zinc hot-plating
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    • NEWS | 10 Feb 13:27
    • DRC leaves mining code unchanged after opposition
    • London, 10 February (Argus) — Democratic Republic of Congo, the biggest copper producer in Africa, has decided to leave its mining code unchanged after fierce opposition from mining companies. Last year the government put forward a proposal to change the mining code, which has been in p
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    • NEWS | 10 Feb 13:11
    • Vedanta reduces capex at Gamsberg zinc project
    • Johannesburg, 10 February (Argus) — Diversified mining and commodities group Vedanta Resources has reduced and restructured its capital expenditure plans for the Gamsberg zinc project which straddles South Africa and Namibia. Group chief executive Tom Albanese told delegates at the Inve
    • Read more
    • NEWS | 10 Feb 12:41
    • US military reports no metal sales in January
    • New York, 10 February (Argus) — The US defence department's procurement arm, the Defense Logistics Agency (DLA), reported that it made no sales from its materials stockpile in January. It comes as the agency did not issue a tender for ferro-chrome or chromium metal last month. In Decem
    • Read more
    • NEWS | 09 Feb 23:32
    • Steelmakers urge US, EU to close ranks on China
    • Houston, 9 February (Argus) — A group representing major US steel producers urged policymakers in Washington to more "aggressively address injurious surges" of steel imports into the US and work with partners in North America and the European Union to present a united front against China
    • Read more
    • NEWS | 09 Feb 22:55
    • Commercial Metals cuts output at Arkansas plants
    • Houston, 9 February (Argus) — US recycler Commercial Metals Company (CMC) will close a fence post manufacturing facility and reduce production at a steel re-rolling mill, both located in Magnolia, Arkansas, by the end of its third fiscal quarter. Production from the fence post facility
    • Read more
    • NEWS | 09 Feb 22:40
    • US steel shipments up for December, down for 2015
    • Houston, 9 February (Argus) — US steel mill shipments rose by 1.5pc to 6.6mn net tons (6mn metric tonnes) in December from 6.5mn nt the prior month, according to the American Iron and Steel Institute. December shipments declined by 17.8pc from the 8mn nt shipped in the same month a year
    • Read more
    • COMMENTARY | 09 Feb 22:36
    • Most mill grade aluminum scrap outperforms LME
    • Houston, 9 February (Argus) — Spreads for mill grade aluminum scrap narrowed or were little changed as London Metal Exchange prices for primary metal fell the equivalent of 2¢/lb and only a few grades matched those declines. LME cash official prices settled at $1,492/t today, down from
    • Read more
    • COMMENTARY | 09 Feb 22:21
    • European copper scrap prices flat on tight supply
    • Houston, 9 February (Argus) — European copper scrap prices remained unchanged as scrap supply was tight amid signs of slowing manufacturing activity in central Europe. Traded volumes continue to be thin this week as spot demand remains limited, market participants said. Consumer buyin
    • Read more
    • COMMENTARY | 09 Feb 22:02
    • European copper premiums fall
    • Houston, 9 February (Argus) — Copper cathodes premiums in Rotterdam warehouses fell by $25-30/t in the latest week amid ample inventories and scant spot activity as a report showed German manufacturing weakened at the end of 2015. Cathodes dropped to $25-30/t in Rotterdam warehouses fro
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    • NEWS | 09 Feb 21:16
    • USW Quebec reaches agreement with ArcelorMittal
    • Houston, 9 February (Argus) — Luxembourg-based steel producer ArcelorMittal and the Quebec District of the United Steelworkers (USW) union have reached a tentative deal for the renewal of labor contracts for union employees. The agreements cover 800 union employees at the company's Cont
    • Read more
    • NEWS | 09 Feb 20:59
    • Panel: Methanol could be bunker fuel of the future
    • New York, 9 February (Argus) — Stricter environmental regulations and lower costs could make methanol more attractive than liquefied natural gas (LNG) as a future bunker fuel, said a panel of experts during a FC Business Intelligence (FCBI) hosted webinar on Tuesday. The panel discusse
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    • NEWS | 09 Feb 18:43
    • US niobium imports, consumption fall in 2015
    • New York, 9 February (Argus) — US imports of niobium decreased by 19.8pc in 2015 compared with 2014, according to statistics from the US Geological Survey (USGS). Imports of niobium for consumption in 2015 fell to 8,900t from 11,100t a year earlier. US exports of niobium including ores
    • Read more
    • NEWS | 09 Feb 17:35
    • Indonesia's tin exports drop 63pc in January
    • London, 9 February (Argus) — Indonesia's tin exports dropped sharply in January to 2,486t, down 63pc on the same month in 2015 as regulatory changes came into effect. Indonesia has introduced new regulation that requires producers to have a permission to export. The permission also spec
    • Read more
    • NEWS | 09 Feb 17:09
    • US zinc mine output rises 2pc
    • Houston, 9 February (Argus) — US production of mined zinc rose by 2pc last year from the prior year, mostly because of the reopening of the Pend Oreille mine in Washington state in late 2014. Production of zinc mined in concentrate rose to 850,000t from 832,000t the prior year, the US G
    • Read more
    • NEWS | 09 Feb 17:06
    • Novelis rolled aluminum shipments up, profits down
    • Houston, 9 February (Argus) — Atlanta-based aluminum sheet manufacturer Novelis increased its shipments of rolled products by 3pc in its third fiscal quarter compared to the same period a year earlier. The company shipped 779,000t of rolled products in the quarter ended 31 December, up
    • Read more
    • NEWS | 09 Feb 16:04
    • Taseko expects to defer $20mn in power costs
    • New York, 9 February (Argus) — Canadian copper and molybdenum miner Taseko Mines expects to reduce annual spending by $20mn from a five-year power rate deferral program from the government of British Columbia province. Details of the deferral program have yet to be disclosed by the elec
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    • NEWS | 09 Feb 15:49
    • EU moves on schedule with AD SiMn case
    • London, 9 February (Argus) — European Commission will next week present its case for approval on its silico-manganese anti-dumping investigation against imports from India to member states in Europe as scheduled, a senior industry participant said. Commission has received all relevant r
    • Read more
    • NEWS | 09 Feb 15:34
    • Kazchrome set to up FeCr production 20pc in 2016
    • London, 9 February (Argus) — Kazakhstan ferro-alloys producer Kazchrome, part of Eurasian Resources Group (ERG), is set to increase ferro-chrome production by a fifth this year, said the Association of Mining and Metal Companies of Kazakhstan (AMMC). In 2016, Kazchrome is expected to bo
    • Read more
    • NEWS | 09 Feb 15:30
    • Metalicity extends search for Li, Ta, Sn
    • Johannesburg, 9 February (Argus) — West Australia-based minerals explorer Metalicity has filed applications for seven new licences to explore for lithium, tantalum and tin mineralisation over an area of 1,103 square kilometres. The company said in a market update that it will explore th
    • Read more
    • NEWS | 09 Feb 13:12
    • REC Silicon shuts down US solar PolySi output
    • London, 9 February (Argus) — Oslo-listed, US polysilicon manufacturer REC Silicon is halting fluidized-bed reactor (FBR) output at its Moses Lake plant in Washington, US, because of lower commodity prices and high Chinese import duties. It is also shutting down Moses Lake's production
    • Read more
    • COMMENTARY | 09 Feb 12:46
    • LME minor metals: Following physical markets
    • London, 9 February (Argus) — London Metal Exchange (LME) minor metals are moving quietly, tracking similar moves in the physical markets where support is being cemented on conversion rates in molybdenum and supply worries in cobalt. LME cash molybdenum settled at a cash price of $11,500
    • Read more
    • NEWS | 09 Feb 12:33
    • Orocobre expects to reach Li capacity by September
    • Johannesburg, 9 February (Argus) — Australia-headquartered lithium producer Orocobre increased lithium carbonate output to 699t in December from 427t in November and is on track to reach nameplate capacity at its Olaroz facility in Argentina by September. The company said in a productio
    • Read more
    • NEWS | 08 Feb 23:21
    • US mined copper output falls
    • Houston, 8 February (Argus) — US production of mined copper fell by about 8pc in 2015, mainly because of curtailments at Arizona mines and repair work on a Utah mine. US mine production fell to 1.25mn t last year from 1.36mn t in 2014, the US Geological Survey said. US refined copper pr
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    • NEWS | 08 Feb 22:01
    • US manganese consumption falls in 2015
    • New York, 8 February (Argus) — Apparent US consumption of manganese fell by 12pc in 2015 from a year prior, according to statistics from the US Geological Survey (USGS). US manganese consumption decreased to 750,000t from 852,000t in 2014. Imports of manganese ore for consumption rose
    • Read more
    • NEWS | 08 Feb 21:02
    • US raw steel production, capacity rates rise
    • Houston, 8 February (Argus) — US raw steel production rose by 1.7pc to 1.69mn net tons (1.5mn metric tonnes) in the week ending 6 February compared to the prior week, while capacity utilization rose to 71.9pc. Capacity utilization increased from 70.7pc in the prior week but was off from
    • Read more
    • NEWS | 08 Feb 20:37
    • Salt Lake Mining sells two projects
    • New York, 8 February (Argus) — Australian mine developer Salt Lake Mining sold its Widgiemooltha and Carr Boyd projects for A$1.6mn ($1.1mn) plus a future contingent payment of A$600,000 ($420,000), after Canada's Royal Nickel (RNC) last week announced it agreed to buy a 67pc stake in Sa
    • Read more
    • NEWS | 08 Feb 19:36
    • Secondary aluminum prices steady in Europe
    • Houston, 8 February (Argus) — Prices of secondary aluminum ingots in Europe and the UK remained unchanged in the latest week amid weak trading and a range-bound London Metal Exchange. European selling prices for DIN 226 die casting ingot traded at 75-78¢/lb fob smelter, unchanged from a
    • Read more
    • NEWS | 08 Feb 19:22
    • Secondary aluminum prices in steady in Europe
    • Houston, 8 February (Argus) — Prices of secondary aluminum ingots in Europe and the UK remained unchanged in the latest week amid weak trading and a range-bound London Metal Exchange. European selling prices for DIN 226 die casting ingot traded at 75-78¢/lb fob smelter, unchanged from a
    • Read more
    • NEWS | 08 Feb 19:09
    • Alcoa lays off workers at idled US calciner
    • Washington, 8 February (Argus) — Alcoa filed a notice that it will temporarily lay off 37 employees at its idled Louisiana calciner following a kiln failure at the facility in late December. Alcoa on 5 February issued a worker adjustment retraining notification (WARN) announcing 37 temp
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    • NEWS | 08 Feb 19:03
    • KGHM writes $266mn off Sierra Gorda mine value
    • Sao Paulo, 8 February (Argus) — Poland-based mining giant KGHM has said it is undertaking a review of its investment projects as it writes down the value of assets, while launching a cost cutting drive in the face of tough trading conditions and low metals prices. Executives plan to pri
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    • NEWS | 08 Feb 17:29
    • Cliffs settles $84mn Bloom Lake lawsuit
    • Houston, 8 February (Argus) — US-based iron ore producer Cliffs Natural Resources has agreed to settle an $84mn class action lawsuit in connection with its Bloom Lake operations in Canada. The law suit was brought against Cliffs and its former management for allegedly making "misleading
    • Read more
    • NEWS | 08 Feb 16:46
    • Vast ramps up output at Romania, Zimbabwe mines
    • London, 8 February (Argus) — UK-based mining company Vast Resources is targeting ore production of 20,000t/month by the end of the first half of 2016 at each of its mines in Romania and Zimbabwe. The Manaila polymetallic mine in Romania, which contains copper-zinc-lead ore, and the Pick
    • Read more
    • NEWS | 08 Feb 16:44
    • Trinidad steelmakers shut plants
    • Kingston, 8 February (Argus) — Trinidad and Tobago's two leading steel producers have shut their plants and furloughed about 700 workers because of low demand for their products, the companies said. Luxembourg-headquartered ArcelorMittal has temporarily shut down its 550,000 t/yr hot br
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    • NEWS | 08 Feb 16:42
    • Noranda Aluminum files for bankruptcy
    • Houston, 8 February (Argus) — Tennessee-based primary aluminum producer Noranda Aluminum and its subsidiaries have filed for Chapter 11 bankruptcy protection in a Missouri court. The company has received commitments for up to $35mn of debtor in possession financing to fund continuing op
    • Read more
    • NEWS | 08 Feb 16:32
    • Six companies cancel LME membership
    • London, 8 February (Argus) — Six companies cancelled their associate trade membership of the London Metal Exchange (LME) as the exchange moved into new premises. Category five, or associate trade members, have typically little rights other than as clients of LME brokers but are privy to
    • Read more
    • NEWS | 08 Feb 16:26
    • Fesil returns to full ferro-silicon production
    • London, 8 February (Argus) — Norwegian ferro-silicon producer Fesil has returned to full ferro-silicon production, restarting one of its two furnaces that it shut at the start of last December when it brought forward a maintenance stoppage originally planned for late winter. Fesil's fur
    • Read more
    • NEWS | 08 Feb 16:17
    • OM Materials boosts ferro-silicon production
    • London, 8 February (Argus) — Australia-listed OM Holdings (OMH) is raising ferro-silicon production at its Sarawak alloy smelting plant in Malaysia, where more new smelting facilities are being commissioned. A 75-25 joint venture between Australia-listed OM Holdings (OMH) and Cahya Mata
    • Read more
    • NEWS | 08 Feb 15:37
    • Amplats reports sharp increase in chrome output
    • Johannesburg, 8 February (Argus) — South African mining company Anglo American Platinum (Amplats), the world's biggest platinum producer, sharply increased its output of by-product chromite in 2015, reaching the highest level for at least five years. The company said in its 2015 annual
    • Read more
    • NEWS | 08 Feb 14:30
    • Pertama Ferroalloys targets first production
    • London, 8 February (Argus) — Pertama Ferroalloys plans to commission its Malaysian ferro-silicon furnace in May this year, more than five years after the company was founded, according to the project's major stakeholder, Honk-Kong based private-sector firm Asia Minerals. Pertama, which
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    • NEWS | 08 Feb 13:19
    • Amerigo does not expect moly output in 2016
    • Sao Paulo, 8 February (Argus) — Canadian processing company Amerigo Resources has said it does not expect to produce molybdenum in 2016 because of low prices for the metal, which used as an anti-corrosion agent. The company processes molybdenum recovered from the El Teniente mine waste
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    • NEWS | 08 Feb 12:53
    • Amplats expects challenging PGM market to persist
    • Johannesburg, 8 February (Argus) — South African mining company Anglo American Platinum (Amplats) expects challenging global market conditions to persist with prices in platinum group metals remaining weak. The company said in its annual results for the year to 31 December that the plat
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    • NEWS | 08 Feb 12:11
    • Job cuts mooted at S Africa’s Samancor Chrome
    • Job cuts mooted at S Africa's Samancor Chrome Johannesburg, 8 February (Argus) — South African integrated chrome and ferro-chrome producer Samancor Chrome has said that it is considering staff cuts due to weak prices. Trade union Solidarity said today that up to 280 jobs are under threat
    • Read more
    • COMMENTARY | 05 Feb 23:35
    • This Week in Metals: 1-5 February
    • Houston, 5 February (Argus) — The drop in the US dollar this week heightened uncertainty in the markets ahead of China's lunar new year holidays. The nearly 3pc drop in the dollar index came on the back of weaker economic indicators, including the Institute of Supply Management (ISM) r
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    • NEWS | 05 Feb 22:30
    • Export supply prevents rise in US ferrous prices
    • Houston, 5 February (Argus) — US ferrous scrap prices for February delivery traded mostly unchanged from prior-month levels as large-volume sales of shredded scrap by exporting companies to southern mills negated early efforts to send shredded prices higher. The availability of export vo
    • Read more
    • COMMENTARY | 05 Feb 22:22
    • US aluminum scrap exports prices rise
    • Houston, 5 February (Argus) — US aluminum scrap export prices rose by 1-2¢/lb in the latest week, tracking a gain in London Metal Exchange (LME) pricing and reflecting limited supply of available scrap. Nonferrous shredded scrap prices for zorba, 94pc metallic with 3-4pc red metal conte
    • Read more
    • COMMENTARY | 05 Feb 22:10
    • US ferrovanadium spikes in thin market
    • Houston, 5 February (Argus) — US ferrovanadium (V 78-82pc) rose as much as 8pc this week, due to limited availability for quick spot turnaround, amid otherwise quiet trading in the North American spot market for ferroalloys. The trading range for ferrovanadium was $6.40-6.70/lb, up from
    • Read more
    • NEWS | 05 Feb 21:37
    • Paranapanema boosts Brazil copper tube output
    • Sao Paulo, 5 February (Argus) — Brazilian copper producer and smelter Paranapanema plans to raise copper tubes production capacity by 500t/month to 3,000t/month in February at its Santo Andre plant in São Paulo state after upgrading and transferring equipment from a nearby site. The com
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    • NEWS | 05 Feb 21:35
    • Secondary smelters squeezed by world economy
    • Houston, 5 February (Argus) — Nonferrous scrap traders and consumers are taking a less optimistic view of the market than is typical for this time of year amid low exchange prices and slowing Chinese demand, according to Bureau of International Recycling (BIR) board member Shen Dong. Ch
    • Read more
    • NEWS | 05 Feb 21:05
    • US ferrous scrap imports fall in 2015
    • Houston, 5 February (Argus) — US ferrous scrap imports fell by 19pc in 2015 compared to the prior year, primarily led by decreased imports from Canada and Mexico. US ferrous scrap intake fell to 2.7mn tonnes from 3.3mn t the year prior, according to data provided by the US Commerce Depa
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    • NEWS | 05 Feb 20:27
    • Paranapanema boosts Brazil copper tube output
    • Sao Paulo, 5 February (Argus) — Brazilian copper producer and smelter Paranapanema plans to raise copper tubes production capacity by 500t/month to 3,000t/month in February at its Santo Andre plant in São Paulo state after upgrading and transferring equipment from a nearby site. The com
    • Read more
    • NEWS | 05 Feb 20:19
    • US ferrous scrap exports down in 2015
    • Houston, 5 February (Argus) — US ferrous scrap exports in 2015 were down by 16.5pc from the prior year, largely reflecting weaker demand in South Korea and Taiwan. Ferrous scrap exports fell to 11.9mn tonnes from 14.3mn t in 2014, according to data provided by the US Commerce Departmen
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    • NEWS | 05 Feb 19:33
    • Competition peaks as longs market bottoms: Irepas
    • London, 5 February (Argus) — The level of competition in the global long steel products market is at its peak, resulting in market prices falling well below the lowest levels observed after the 2008 financial crisis, the International Rebar Producers and Exporters Association (Irepas) sa
    • Read more
    • COMMENTARY | 05 Feb 19:26
    • US stainless steel scrap flat
    • Houston, 5 February (Argus) — US stainless steel scrap prices were mostly flat this week amid uncertainty about the market's direction as manufacturing slows. Processor buying prices for Type 304 (18-8) scrap solids were traded in the range of $900-945/gross tons today, no change from a
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    • NEWS | 05 Feb 19:19
    • ArcelorMittal America ships less, sees growth
    • Houston, 5 February (Argus) — The North American segment of global integrated steelmaker ArcelorMittal expects apparent steel consumption in the region to grow by 3-4pc in 2016 as demand expands and steel inventories hold steady. ArcelorMittal expects its North America Free Trade Agreem
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    • COMMENTARY | 05 Feb 19:11
    • WEEK IN REVIEW: All eyes on China and US
    • London, 5 February (Argus) — The drop in the US dollar against a basket of currencies including the Euro and Chinese yuan caused uncertainty in the markets ahead of the public holidays in China. Until now the dollar had been a bastion of strength against volatile stocks, commodities and
    • Read more
    • COMMENTARY | 05 Feb 19:04
    • Fund buying, demand lift LME copper, aluminium
    • London, 5 February (Argus) — London Metal Exchange (LME) copper and aluminium prices increased this week on the back of fund buying and physical demand in Europe. Copper traded at $4,668/t on Friday, up from $4,535.50/t a week ago. Strong physical demand in Europe was reflected in a ste
    • Read more
    • COMMENTARY | 05 Feb 18:59
    • LME zinc, lead, nickel, tin rise on fund buying
    • London, 5 February (Argus) — London Metal Exchange (LME) zinc prices led a rally during the week on the back of heavy buying from funds. Nickel, lead and tin followed suit. Zinc futures settled at $1,714/t on Friday, up from $1,609/t, as fund buyers returned to the market with gusto and
    • Read more
    • NEWS | 05 Feb 17:36
    • US mill purchases five European scrap cargoes
    • London, 5 February (Argus) — One of the largest US steel producers has purchased five European-origin scrap cargoes in the past ten days, market participants said. The substantial volume of material — all new production consisting of scrap grades such as bushelling, bonus and shredded —
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    • NEWS | 05 Feb 17:28
    • Rox Resources upgrades Ni at Fisher East
    • Johannesburg, 5 February (Argus) — Perth-based minerals explorer Rox Resources has upgraded the mineral resource at its Fisher East nickel prospect in Western Australia to 4.2mn t grading 1.9pc nickel. Resource is now estimated to contain 78,000t of nickel compared to a previous estimat
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    • NEWS | 05 Feb 17:10
    • Umicore boosts revenues, expects mixed 2016
    • New York, 5 February (Argus) — Belgium-based specialty materials producer Umicore grew 2015 sales by 18pc from strong revenues in its catalysis and energy and surface technologies segments. The company posted revenues of €10.4bn ($11.6bn) in 2015, up from €8.83bn ($9.8bn) in 2014. Umic
    • Read more
    • NEWS | 05 Feb 16:26
    • Evraz Highveld Steel & Vanadium rescue fails
    • Evraz Highveld Steel Vanadium rescue fails Johannesburg, 5 February (Argus) — The proposed acquisition of South African steel and vanadium producer Evraz Highveld Steel Vanadium (Highveld) by Hong Kong-based International Resources (IRL) has failed due to conditions precedent not bein
    • Read more
    • NEWS | 05 Feb 15:46
    • ArcelorMittal seeks funds as losses spiral
    • London, 5 February (Argus) — Global steelmaker ArcelorMittal is launching a rights issue and has agreed to sell its 35pc stake in Spanish industrial conglomerate Gestamp as it seeks to rebalance the firm's finances after its net loss increased almost sevenfold in 2015. The rights issue
    • Read more
    • NEWS | 05 Feb 13:16
    • US FeV imports rise 2.2pc in 2015
    • New York, 5 February (Argus) — US ferro-vanadium imports rose 2.2pc in 2015 compared with a year earlier, while exports fell 52.6pc, said latest figures from US Geological Survey (USGS). Data shows that imports of the steelmaking raw material for consumption were 3,300t last year, up fr
    • Read more
    • NEWS | 05 Feb 12:03
    • Feasibility results for Golpu due mid February
    • Johannesburg, 5 February (Argus) — South African mining company Harmony Gold and its joint venture partner Newcrest Mining have competed a feasibility study on the giant Golpu copper/gold deposit in Papua New Guinea (PNG) and expect to announce the results in mid-February. The joint ven
    • Read more
    • NEWS | 04 Feb 23:57
    • Latin American imports of Chinese steel flat
    • Houston, 4 February (Argus) — Latin America's imports of steel from China rose by 1pc in 2015 from the prior year, as increased shipments to Mexico, Central America and Venezuela offset declines to Brazil and Chile. Latin America imported 9.4mn t of Chinese steel last year, up from 9.3m
    • Read more
    • NEWS | 04 Feb 23:38
    • US cobalt imports, production rise in 2015
    • New York, 4 February (Argus) — US imports of cobalt increased by 0.9pc in 2015 compared with 2014, while domestic production increased by 483pc. Imports of cobalt for consumption rose to 11,500t from 11,400t in 2014, according to statistics from the US Geological Survey (USGS). US pr
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    • NEWS | 04 Feb 23:19
    • US bismuth imports fall by 3pc in 2015
    • New York, 4 February (Argus) — US imports of bismuth decreased by 3pc in 2015 compared with 2014, according to a report from the US Geological Survey (USGS). Imports of bismuth metal for consumption fell to 2,200t from 2,270t of 2014, which was in turn an increase from 1,710t in 2013.
    • Read more
    • COMMENTARY | 04 Feb 22:17
    • Europe’s nickel premiums edge higher
    • Europe's nickel premiums edge higher Houston, 4 February (Argus) — Premiums for nickel cathodes in Rotterdam warehouses were up $5/t in the latest week from a week earlier amid relative scarcity of certain top-grade material. Cathode premiums for nickel were at $50-60/t compared with $4
    • Read more
    • NEWS | 04 Feb 22:13
    • Europe’s nickel premiums edge higher
    • Europe's nickel premiums edge higher Houston, 4 February (Argus) — European stainless steel scrap prices were generally stable this week amid steady mill demand and low availability of scrap. Northern European stainless steel scrap prices held at last week's levels of 42-43¢/lb for 304 g
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    • NEWS | 04 Feb 22:06
    • European stainless scrap prices hold steady
    • Houston, 4 February (Argus) — European stainless steel scrap prices were generally stable this week amid steady mill demand and low availability of scrap. Northern European stainless steel scrap prices held at last week's levels of 42-43¢/lb for 304 grade and 55-56¢/lb for 316 grade scr
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    • NEWS | 04 Feb 18:58
    • US delays Chinese aluminum trade case
    • New York, 4 February (Argus) — The US Department of Commerce will delay its official determination on whether Chinese aluminum extrusion manufacturer Zhongwang Group violated US countervailing and antidumping rules until a preliminary date of 22 February. The department has asked the Al
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    • COMMENTARY | 04 Feb 18:54
    • Noble alloys overview: FeTi price falls further
    • London, 4 February (Argus) — European ferro-titanium prices maintained their downward trend with a weaker rouble continuing to support sales of lower-priced Russian imports into the region. Chinese noble alloy prices remained steady amid thin spot market business ahead of the lunar new
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    • NEWS | 04 Feb 18:33
    • Wacker Chemie's US polysilicon plant ramps up
    • New York, 4 February (Argus) — German speciality chemicals maker Wacker Chemie AG reported a 2pc rise in fourth quarter earnings as sales increased 3pc, while the company also said that its new polysilicon plant in the US had started ramping up production. The Munich-based company booke
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    • NEWS | 04 Feb 18:16
    • Norilsk Nickel sets up palladium fund
    • London, 4 February (Argus) — Russian miner Norilsk Nickel, the largest global producer of nickel and palladium, is setting up a palladium fund and putting $200mn aside for potential investment. Russia considers palladium a strategic metal and has control over its reserves. The level of
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    • NEWS | 04 Feb 18:05
    • Panoramic flags potential for Savannah North
    • Johannesburg, 4 February (Argus) — Australia-based mining exploration company Panoramic Resources has completed a scoping study showing the potential for an eight-year mine-life at its Savannah North nickel/cobalt/copper prospect in Western Australia. Scoping study demonstrates the pote
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    • NEWS | 04 Feb 18:02
    • Southwire to close Indianapolis service center
    • Houston, 4 February (Argus) — Georgia-based wire and cable producer Southwire plans to close its Indianapolis, Indiana, customer service center in April as the company seeks to align its assets with volumes of business. "As our markets grow more competitive, we must ensure we are proper
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    • NEWS | 04 Feb 16:52
    • Carpenter Tech sales fall on lower energy demand
    • New York, 4 February (Argus) — Pennsylvania-based specialty alloy producer Carpenter Technologies sold 17.3pc less volume for the six-month period ending 31 December from lower-end market demand, particularly in oil and gas. The company sold 115.4mn lbs of specialty alloys and engineere
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    • NEWS | 04 Feb 16:11
    • Indonesia to audit tin smelters for illegal ore
    • London, 4 February (Argus) — Indonesia's Ministry of Energy and Mineral Resources will start auditing tin smelters in the Bangka-Belitung Province from 8 February in a bid to clamp down on the use of illegally mined tin ore. Audits will start with eight smelters in the province and will
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    • NEWS | 04 Feb 15:57
    • CMC granted air permit for Oklahoma mill
    • Houston, 4 February (Argus) — Texas-based recycler Commercial Metals Company (CMC) received a new-source air permit from Oklahoma regulators that will allow it to proceed with construction of a micro mill in Durant, Oklahoma. The permit was issued last week by the Oklahoma Department of
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    • NEWS | 04 Feb 15:56
    • Challenges mount to Asia-Pacific free trade deal
    • Washington, 4 February (Argus) — The Trans-Pacific Partnership (TPP) agreement is facing uncertain prospects for legislative approval in the US and Canada. Top officials representing Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Viet
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    • NEWS | 04 Feb 15:13
    • US low-carbon FeCr imports fall in November
    • London, 4 February (Argus) — US imports of low-carbon ferro-chrome, containing more than 4pc carbon, fell by almost three-quarters in November 2015 compared with a year earlier and were down by over half from October 2015, according to the latest data from the US International Trade Comm
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    • NEWS | 04 Feb 14:39
    • South32 to cut manganese output, jobs: Update
    • Adds details on the Hotazel mines and Metalloys ferro-manganese smelter Sydney, 4 February (Argus) — Australian resources firm South32 plans to restart manganese ore production at its Hotazel mines in South Africa, but cut output to saleable production rates of 2.9mn t/yr on a 10pc ba
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    • NEWS | 04 Feb 13:50
    • US indium imports rise by 17.8pc in 2015
    • New York, 4 February (Argus) — US imports of indium increased by 17.8pc in 2015 compared with 2014, according to latest figures from the US Geological Survey (USGS). The USGS estimates that imports of indium rose to 145t last year from 123t in 2014 and were also up from 97t in 2013. The
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    • NEWS | 04 Feb 03:23
    • South32 to cut manganese output, jobs
    • Sydney, 4 February (Argus) — Australian resources firm South32 plans to cut manganese production at its Hotazel mines in South Africa to saleable production rates of 2.9mn t/yr on a 10pc basis, which will take about 900,000t or 23pc of saleable output out of the market for the foreseeabl
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    • NEWS | 04 Feb 00:01
    • US steel imports rise in January
    • Houston, 4 February (Argus) — Applications for US steel imports rose by 2pc in January from the prior month, led by gains in imports from Tur