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Current News Search

Metal News & Reports (GMT)

    • ANALYSIS | 27 May 22:10
    • This Week in Metals: 23-27 May
    • Houston, 27 May (Argus) — Metal markets largely consolidated established price ranges this week as consumer purchasing looks beyond June to the third quarter. This was another short trading week in Europe, capped by regional holidays at the end of the week - and next week will be off to
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    • COMMENTARY | 27 May 21:37
    • US stainless: Scrap falls with nickel weakness
    • Houston, 27 May (Argus) — Stainless steel scrap prices fell this week on the back of declines in nickel exchange prices. Processor buying prices for type 304 (18-8) scrap solids traded at $1,010-1,045/gt Friday, down from $1,030–1,120/gt a week earlier. Type 316 scrap solids traded at $
    • Read more
    • NEWS | 27 May 19:51
    • Tata Steel sees higher India prices for April-June
    • Singapore, 27 May (Argus) — Tata Steel forecasts its Indian sales prices to increase in the April-June quarter as protectionist measures by the Indian government are restricting imports. The company issued a guidance for a 3,000 rupees/t ($44.60/t) increase in its average product price
    • Read more
    • NEWS | 27 May 19:49
    • Turkish scrap: Steel market subdued
    • London, 27 May (Argus) — Turkish mills continued to hold back from the deep-sea scrap market today, with a several of them commenting that they have little need to purchase since they are well-stocked following recent deliveries. But mills may take note of the announcement of lowered pu
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    • COMMENTARY | 27 May 19:21
    • EU secondary aluminium: Ingot flat
    • Houston, 27 May (Argus) — Secondary aluminium ingot prices were unchanged in European trade in the latest, holiday-shortened week amid relatively steady exchange trading. Concerns that auto production in Europe may slow in the second half of the year remain among aluminium and zinc ingo
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    • NEWS | 27 May 19:10
    • Codelco posts quarterly loss despite record output
    • Sao Paulo, 27 May (Argus) — Record first quarter copper production failed to prevent Codelco, Chile's state-controlled copper-molybdenum producer, from swinging to a $124.8mn loss for the period ended March. Codelco blames low copper and molybdenum prices for the loss, which compares to
    • Read more
    • COMMENTARY | 27 May 19:04
    • US aluminum scrap: Zorba export prices fall
    • Houston, 27 May (Argus) — US zorba export prices fell in the last week while other aluminum scrap prices were unchanged amid tepid activity and softening aluminum exchange prices. Zorba, 94pc metallic with 3-4pc red metal content, dropped to 61-63¢/lb Friday from 63-64¢/lb a week earlie
    • Read more
    • COMMENTARY | 27 May 18:47
    • US secondary aluminum: Alloy prices battle supply shift
    • Houston, 27 May (Argus) — Oversupply has begun to affect prices for some secondary aluminum alloys amid growing competition for non-exchange traded alloys. The availability of low-priced London Metal Exchange North American Specialty Aluminum Alloy Contract (Nasaac) material has effecti
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    • NEWS | 27 May 17:32
    • Furnace restarts threaten Chinese steel growth
    • London, 27 May (Argus) — Chinese steel demand will probably follow a downward path for the rest of this year, US investment bank Goldman Sachs said. The recent rebound in steel prices and production activity has disrupted the industry's typical, seasonality pattern. "Too many blast furn
    • Read more
    • NEWS | 27 May 16:49
    • WEEK IN REVIEW: Setting the stage for summer
    • London, 27 May (Argus) — Metal markets largely consolidated established price ranges this week as consumer purchasing looks beyond June to the third quarter. It has been mixed news, with a long-awaited seen in molybdenum in response to cutbacks at Chinese producers that come on top of a
    • Read more
    • COMMENTARY | 27 May 16:29
    • US pig iron: Offers drop in attempt to revive sales
    • London, 27 May (Argus) — Suppliers of Russian and Ukrainian basic pig iron slashed offer prices this week in an attempt to revive interest from buyers, who were absent from the market due to a rapid decline in scrap and steel price sentiment. "Sellers are throwing out offers, lower pric
    • Read more
    • COMMENTARY | 27 May 15:57
    • US ferro-alloys: FeMn rises, SiMn firm on steel demand
    • New York, 27 May (Argus) — Prices for US high carbon ferro-manganese increased this week amid a rise in low-volume demand. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices bumped up to between $810-860/gt this week from $810-850/gt a week earlier. The market increased for the first
    • Read more
    • NEWS | 27 May 15:20
    • EU approves Anheuser-Busch, Miller deal
    • Houston, 27 May (Argus) — The European Commission has given Belgium and Brazil-based Anheuser-Busch InBev, the world's largest brewer, conditional regulatory clearance to acquire SAB Miller, the world's second largest brewer. The commission will require Anheuser-Busch to sell "practical
    • Read more
    • NEWS | 27 May 14:45
    • DJU.S. Consumer Sentiment at Highest Level in 11 Months
    • Americans are more confident than at any time in almost a year, as cheap gasoline, low interest rates and a rebound in stocks boost the economy's prospects. A measure of consumer sentiment rose to a reading of 94.7 in May, up 5.7 points from April's reading of 89, the University of Michigan sa
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    • NEWS | 27 May 14:30
    • DJ Comex Futures Open Interest
    • DJ Comex Futures Open Interest - May 27 Data for previous business day. Open Interest subject to revision. Source: CME Group Gold Open Open Interest Change Silver Interest Change GC K16 19
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    • NEWS | 27 May 14:21
    • Cameco, Kazatomprom expand uranium JVs
    • London, 27 May (Argus) — Canadian uranium miner and processor Cameco and Kazakhstan's state-owned uranium miner Kazatomprom have signed an agreement to extend their co-operation to 2045. The new agreement signed at the Foreign Investment Council in Astana on Friday, which replaces an Mo
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    • NEWS | 27 May 14:16
    • Pertama targets first ferro-alloys output
    • London, 27 May (Argus) — Pertama Ferroalloys is targeting a start to production at its Malaysian ferro-alloys plant in June this year, delaying the start from May, according to the project's major stakeholder, Hong-Kong based private-sector firm Asia Minerals. Pertama, which was founded
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    • NEWS | 27 May 12:27
    • DJ Comex Futures Volume
    • DJ Comex Futures Volume - May 27 For previous business day. In contracts. Source: CME Group Composite Composite Globex Gold Volume Globex Silver Volume Volume GC K16 2 2 SI K16 10
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    • NEWS | 27 May 12:16
    • DJ Comex Globex Final Volumes
    • DJ Comex Globex Final Volumes - May 27 For previous business day, in contracts. Source: CME Group Futures Gold 354,393 Silver 54,641 Copper 68,665 Write to Linda Rice at csstat@dowjones.com (END) Dow Jones Newswires May 27, 2016 08
    • Read more
    • COMMENTARY | 27 May 11:53
    • LME copper, aluminium trade in narrow range
    • London, 27 May (Argus) — Prices for London Metal Exchange (LME) copper and aluminium futures changed little on the week with copper trading a little higher and aluminium trading within a $10/t range. Volumes were a touch lower than usual as Europe was closed for a holiday on Thursday. T
    • Read more
    • NEWS | 27 May 11:51
    • Latin American steel consumption and output slump
    • London, 27 May (Argus) — Latin American steel consumption and production came under pressure in the first quarter of this year from weak global and regional economic growth, global steel market overcapacity and a relatively weak industrial performance, Latin American steel association Al
    • Read more
    • COMMENTARY | 27 May 11:49
    • LME nickel, lead, tin lower, zinc higher
    • London, 27 May (Argus) — London Metal Exchange (LME) nickel, lead and tin futures traded lower this week on a combination of speculative and fundamental selling but zinc prices increased. Three-month nickel futures traded at $8,430/t on 27 May, down from $8,585/t a week earlier, on vol
    • Read more
    • NEWS | 27 May 11:38
    • Eramet posts steady sales of Mn ore in 2015
    • London, 27 May (Argus) — French mining and metals company Eramet Group posted steady ore sales at its manganese division, Eramet Manganese, in 2015 year on year, with sales steady at €1.43bn and positive current operating income at €58mn despite lower ore prices that fell 49pc in 2015.
    • Read more
    • NEWS | 27 May 11:23
    • Indsil to restart Andhra Pradesh ferro-alloy unit
    • Mumbai, 27 May (Argus) — BSE-listed ferro-alloy producer Indsil Hydro Power and Manganese plans to resume production at the Garbham plant in the southeastern Indian province of Andhra Pradesh by September. The plant has a capacity of 7,200 t/yr and has been idle for about a year. It wil
    • Read more
    • NEWS | 27 May 10:47
    • Largo plans vanadium output to suit market needs
    • Sao Paulo, 27 May (Argus) — Canada's Largo Resources has said it plans to tailor vanadium production from the Maracás Menchen mine in Bahia, northeast Brazil to the needs of the market. This comes as the company unveils a new mine plan, a 40pc increase in mineral reserves for the Campbe
    • Read more
    • NEWS | 27 May 09:45
    • India reinstates 30pc export duty on chrome ore
    • Mumbai, 27 May (Argus) — India has reimposed export duty on chrome ore and concentrate, which was cancelled on 1 March, at the previous rate of 30pc, citing the national interest. India's central customs agency issued a notification yesterday, reimposing the duty by removing a 1 March a
    • Read more
    • NEWS | 27 May 08:56
    • China manganese ore port stocks up
    • Beijing, 27 May (Argus) — Manganese ore stocks at China's main ports increased to 1.683mn t today, up by 7.8pc from 1.562mn t on 22 April. There are 1.4mn t of manganese ore stocks at Tianjin port, 250,000t in Qinzhou port, 15,000t in Fangcheng port, 7,000t in Beihai port, 6,000t in Zha
    • Read more
    • NEWS | 26 May 21:42
    • USITC allows section 337 steel investigation
    • Houston, 26 May (Argus) — The US International Trade Commission (ITC) will launch an investigation into allegations that Chinese steel producers have violated section 337 of the Tariff Act of 1930, possibly resulting in a ban on imports of all Chinese carbon and alloy steel products. Th
    • Read more
    • COMMENTARY | 26 May 21:12
    • US aluminum scrap: Smelter-grade prices mixed
    • Houston, 26 May (Argus) — Secondary aluminum smelter-grade scrap prices were mixed Thursday as London Metal Exchange aluminum rose by less than 1¢/lb from a week earlier and scrap dealers prepared for lower ferrous scrap prices. Some market participants are concerned that softening ferr
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    • NEWS | 26 May 20:09
    • Miners bemoan Mexico fuel tax
    • Mexico City, 26 May (Argus) — A fuel tax is hindering implementation of a key aspect of Mexico's energy reform, impacting the mining industry and other key sectors of the economy. Under the reform, which was enacted in 2014, Mexico's energy secretary has issued new permits this year to
    • Read more
    • COMMENTARY | 26 May 19:54
    • Stainless steel: Scrap falls in Europe, Asia
    • Houston, 26 May (Argus) — Stainless steel scrap prices fell this week as nickel prices on the London Metal Exchange declined for a third week. Stainless steel scrap in Rotterdam and Germany fell to 46-47¢/lb for 304 (18-8) material this week from 47-48¢/lb the prior week amid tight scra
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    • COMMENTARY | 26 May 19:49
    • Oil futures: Crude tops $50 for first time in 2016
    • Houston, 26 May (Argus) — Crude prices traded above $50/bl for the first time this year amid growing expectations that supply outages offset oversupply. Nymex July WTI rose to an intraday high of $50.21/bl, but ended 8¢/bl lower at $49.48/bl. Yesterday the contract closed at its highes
    • Read more
    • COMMENTARY | 26 May 19:00
    • US metcoal: Prices decline as competition heats up
    • New York, 26 May (Argus) — Prices of US coking coal for export declined this week as a strengthening US dollar gave Australian producers an advantage in international metallurgical markets. Prices for US coking coal for delivery in the next 90 days fob Hampton Roads, Virginia, fell in
    • Read more
    • COMMENTARY | 26 May 18:57
    • Europe FeTi: Tug of war on prices
    • London, 26 May (Argus) — The ferro-titanium market is seeing a pick up in demand and consumers, particularly outside Europe, have been restocking ahead of the summer and traders have started to rebuild inventories. But there is no shortage of competition, and some of the larger purchas
    • Read more
    • COMMENTARY | 26 May 18:40
    • Turkish scrap: Mills remain quiet
    • London, 26 May (Argus) — Turkish mills remained out of the scrap market today, holding off on making formal offers for scrap cargoes as uncertainties over prices for imported Chinese and CIS billet have emerged. The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment remained un
    • Read more
    • NEWS | 26 May 18:12
    • US, Canadian mill product orders rise in April
    • Houston, 26 May (Argus) — US and Canadian orders of aluminum mill products were up by 3.4pc in April from the same month a year earlier, an increase driven by gains in flat-rolled orders. Measured on an index prepared by the Aluminum Association, orders of aluminum mill products grew to
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    • COMMENTARY | 26 May 17:57
    • US ferro-alloys: FeTi rises with steel output
    • New York, 26 May (Argus) — US ferro-titanium prices increased this week on stronger domestic steel mill demand amid second-half contract negotiations with with mills. US ferro-titanium (Ti 70pc) prices rose this week to between $1.68-1.75/lb from $1.60-1.75/lb a week earlier. Prices hav
    • Read more
    • NEWS | 26 May 17:42
    • Transalloys to suspend SiMn production in June
    • London, 26 May (Argus) — South African ferro-alloys producer Transalloys, a wholly-owned subsidiary of Renova Group, will stop silico-manganese production for three months from 1 June this year because of difficult market conditions, a market participant said. Transalloys, which has the
    • Read more
    • NEWS | 26 May 17:32
    • Kyrgyzstan annuls tender for REE deposit
    • London, 26 May (Argus) — The government of Kyrgyzstan has annulled the result of a tender for two rare earth and rare metal deposits after the winner failed to come up with the payment. Kamal Oil, an oil and LNG logistics and engineering company based in Kazakhstan won the tender conclu
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    • NEWS | 26 May 15:39
    • US sets up to 451pc duties on corrosion-resistant steel
    • Houston, 26 May (Argus) — The US Commerce Department levied duties as high as 451pc on imports of corrosion-resistant steel for some Chinese producers, and reversed its preliminary decision to not levy duties on Taiwanese producers. The department, in its final determination late yeste
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    • COMMENTARY | 26 May 15:39
    • Europe Mn alloys: No change in lacklustre trading
    • London, 26 May (Argus) — Manganese alloys markets are unchanged this week, with suppliers unwilling to cut their offer prices despite a lack of consumer demand on an inter-merchant basis. Markets are in limbo until the expected return of European steelmakers next month that should reveal
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    • COMMENTARY | 26 May 15:34
    • Europe FeSi: Spot market eases amid slack trading
    • London, 26 May (Argus) — European ferro-silicon market has eased in a range in spot trading this week, with suppliers cutting their offer prices to encourage buying interest. The market is seen holding at lower numbers until it becomes clear what consumers require for their quarterly nee
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    • COMMENTARY | 26 May 15:03
    • US ferro-alloys: FeMo surges, FeSi, FeMn edge higher
    • New York, 26 May (Argus) — US ferro-molybdenum prices strengthened this week, driven by tight supplies and firm steel mill demand. Meanwhile, prices for manganese alloys and ferro-silicon bumped up amid rising inquiries and slightly tighter inventories. FeCr US high carbon ferro-chrom
    • Read more
    • NEWS | 26 May 12:56
    • India's Tata Steel reports higher 4Q FeCr sales
    • Mumbai, 26 May (Argus) — Indian Tata Steel's ferro alloy and mineral division reported a large increase in ferro-chrome alloy sales in the fiscal quarter ended March 31 2016, following the ramp-up of chrome ore mining at Sukinda, but prices remained low. Tata's ferro alloy and mineral
    • Read more
    • COMMENTARY | 26 May 11:12
    • Europe FeCr: HC moves higher, LC stable
    • London, 26 May (Argus) — European high-carbon ferro-chrome is up this week against a rise in the chrome ore market and cemented on higher consumption among domestic stainless steelmakers. There is also market expectation of higher offer prices from producers in South Africa through the s
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    • NEWS | 26 May 10:17
    • Avanco eyes 50,000 t/yr Cu output in 5 years
    • Johannesburg, 26 May (Argus) — Perth-based Avanco Resources expects to be producing around 50,000 t/yr of copper from its Antas and Pedra Branca projects in Brazil within the next four to five years. The company will this year produce around 12,000 t/yr of copper concentrate with 7,000
    • Read more
    • NEWS | 26 May 08:55
    • Chinese NEV subsidy probe creates doubt on Li demand
    • Beijing, 26 May (Argus) — An investigation into new energy vehicle (NEV) manufacturers fraudulently obtaining government subsidies has prompted production cuts and created uncertainty over the actual demand level for vehicle components, including lithium which is used in electric and hyb
    • Read more
    • COMMENTARY | 25 May 22:47
    • US copper scrap: Bare bright maintains premium
    • Houston, 25 May (Argus) — US bare bright copper scrap spreads remained unchanged for a fifth week amid tight supply of material and tepid demand. Consumer buying price spreads for bare bright stayed at 2¢/lb over July to 1¢/lb under, in the latest week. Price spreads for No. 1 wire an
    • Read more
    • COMMENTARY | 25 May 22:43
    • US copper: Cathode premiums rise
    • Houston, 25 May (Argus) — US copper cathode premiums increased by 0.5¢/lb this week on scarcity of scrap and tight cathode inventories. Cathode Grade A premiums were at 5.75-6.75¢/lb Wednesday delivered midwest consumer, up from 5.25-6.25¢/lb a week earlier. Premiums were last at this l
    • Read more
    • COMMENTARY | 25 May 22:38
    • US aluminum: Traders push for higher premiums
    • Houston, 25 May (Argus) — US traders have begun an effort to raise midwest premiums for primary aluminum based on a growing number of transactions at 8¢/lb. Offer prices peaked at 8.25¢/lb this week but no transactions were confirmed at that level. The Argus midwest premium for primary
    • Read more
    • NEWS | 25 May 22:13
    • US bans imports from Indian stainless steelmaker
    • Houston, 25 May (Argus) — The US International Trade Commission has issued an order prohibiting imports of certain stainless steel products manufactured by India-based Viraj Profiles, based on violations of section 337 of the US Tariff Act. The order will remain in effect for 16.7 years
    • Read more
    • COMMENTARY | 25 May 21:05
    • US aluminum scrap: UBC spreads flat
    • Houston, 25 May (Argus) — Used aluminum beverage can spreads were steady today as consumers remain well supplied for the short term. Consumers continued to purchase UBCs at approximately 78pc of the Argus midwest transaction price. Outright prices rose to 60-61¢/lb from 59-61¢/lb a wee
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    • COMMENTARY | 25 May 20:22
    • Aluminium: Premiums fall in slow trade
    • Houston, 25 May (Argus) — Aluminium premiums fell in European and Asian trading in the latest week amid slowing activity and concerns that summer plant outages signal more weakness ahead. The premium for P1020 duty unpaid aluminium fell to $70-80/t in-warehouse Rotterdam, down from $7
    • Read more
    • NEWS | 25 May 20:18
    • Houston steel imports, exports fall
    • Houston, 25 May (Argus) — Steel imports into the port of Houston fell by 74pc in April from the same month a year earlier, and were down by two-thirds year-to-date. Imports fell to 181,042net tons (164,238 metric tonnes) in April from 702,759nt a year earlier, according to data released
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    • COMMENTARY | 25 May 19:35
    • Oil futures: Crude climbs on US inventory drop
    • Houston, 25 May (Argus) — Crude prices touched new 2016 highs today, with both contracts ending just shy of the $50/bl mark, as US crude stockpiles posted a sharp fall. Nymex July WTI rose by 94¢/bl to $49.56/bl, gaining for a second day to its highest since 9 October when it ended at
    • Read more
    • COMMENTARY | 25 May 19:03
    • Turkish scrap: Russians join Ukrainians at lower levels
    • London, 25 May (Argus) — Turkish mills are yet to give any price indications to deep-sea scrap suppliers, suppliers said today. Even the two Turkish mills who previously stated that they would need to buy deep-sea scrap this week told suppliers today that they would have to wait for a fe
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    • NEWS | 25 May 17:33
    • Europe FeSi makers open 3Q talks with 12pc rise
    • London, 25 May (Argus) — European ferro-silicon producers have opened third quarterly delivery settlements with domestic steelmakers with an offer price rise of as much as 12pc, said market participants. The move follows an earlier than expected return to the market from steelmakers tha
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    • NEWS | 25 May 17:15
    • Boliden agrees €770mn credit facility
    • London, 25 May (Argus) — Swedish zinc and nickel producer Boliden has signed a syndicated revolving credit facility agreement for €770mn with 11 banks. The facility consists of a €362mn credit agreement with a three year term which replaces an existing facility of €400mn that matures i
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    • NEWS | 25 May 16:39
    • Canada finds injury in steel imports from China, Japan
    • Houston, 25 May (Argus) — The Canadian International Trade Tribunal (CITT) determined that imports of welded large diameter carbon and alloy steel line pipe from China and Japan have caused or are threatening to cause injury to domestic industry. The CITT determination, released yesterd
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    • NEWS | 25 May 16:29
    • US finished steel imports fall by a third
    • Houston, 25 May (Argus) — US imports of finished steel fell by 33.1pc in the first four months of 2016 compared to the same year-earlier period, led by falling imports from China, South Korea and Turkey, as US measures targeting dumping and subsidized shipments take effect. The US impo
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    • NEWS | 25 May 16:22
    • Samarco one step closer to reopening iron ore mine
    • London, 25 May (Argus) — Brazilian iron ore producer Samarco Mineracao has received approval from the municipal government of Mariana in the Brazilian state of Minas Gerais to restart operations at the Samarco iron ore mine this year, pending the receipt of further approvals from higher
    • Read more
    • COMMENTARY | 25 May 15:28
    • US minor metals: Selenium bumps, indium stable
    • New York, 25 May (Argus) — US indium prices were unchanged this week as thin producer margins offset minimal spot market demand. Indium ingot (In 99.99pc) prices were flat at $220-250/kg this week, unchanged since 22 April. An earlier push to raise prices on tighter offshore crude indiu
    • Read more
    • NEWS | 25 May 13:44
    • German state to boost solar, photovoltaic investment
    • Hanover, 25 May (Argus) — The German state of Baden-Wurttemberg plans to boost investment in photovoltaic power and solar thermal energy. The state aims to subsidise small photovoltaic installations on apartment buildings' rooftops and a range of so-called "solar energy villages", which
    • Read more
    • NEWS | 25 May 13:09
    • Chinese rare earth exports up in April
    • Beijing, 25 May (Argus) — China exported 3,696t of rare earths in April, up by 47.5pc from 2,506t a year earlier. Export revenues totalled Yn145mn ($22mn) in April, a decline of 24pc year on year and average export prices fell by 48pc year on year to Yn39,231/t on falling prices caused
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    • NEWS | 25 May 13:09
    • Capesize scrapping reaches 64 ships
    • London, 25 May (Argus) — Dry bulk scrapping reached record rates in the first 20 weeks of the year to 20 May, with 64 Capesize vessels totalling 10.7mn deadweight tonnes (dwt) scrapped, according to shipbrokers. Only 8.8mn dwt of Capesizes and very large ore carriers (VLOCs — more than
    • Read more
    • NEWS | 25 May 11:56
    • Moil's profits slump on lower Mn ore prices: Correction
    • Corrects profit figures Mumbai, 25 May (Argus) — Indian state-controlled manganese ore producer Moil reported profit of 213.8mn rupees ($3.2mn) for the fiscal fourth quarter ended March 31 2016, down by 80pc year on year from Rs1.02bn, as manganese ore oversupply and low demand dragge
    • Read more
    • NEWS | 25 May 11:14
    • Indian Moil's profits slump on lower Mn ore prices
    • Mumbai, 25 May (Argus) — Indian state-controlled manganese ore producer Moil reported profit of 21.38mn rupees ($3.2mn) for the fiscal fourth quarter ended 31 March 2016, down by 80pc year on year from Rs102.46mn, as manganese ore oversupply and low demand dragged down prices. Quarterly
    • Read more
    • NEWS | 25 May 11:11
    • Elkem restarts FeSi furnace after relining
    • London, 25 May (Argus) — Norwegian silicon and ferro-silicon producer Elkem has restarted production at one of its ferro-silicon furnaces that was shut down for five weeks to be relined, a company official said. The furnace was stopped last month and was restarted in May, with productio
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    • NEWS | 25 May 10:55
    • Ardiden flags Li potential at Canadian project
    • Johannesburg, 25 May (Argus) — Perth-based lithium and graphite explorer Ardiden has identified thick zones of pegmatite at its Root Lake lithium project in Ontario, Canada. The company said all eight drill holes from a recent drilling campaign intersected spodumene-bearing pegmatite s
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    • NEWS | 25 May 10:40
    • Codelco outlines smelters, water spending plans
    • Sao Paulo, 25 May (Argus) — Chile's state-owned copper and molybdenum producer Codelco has said it is investing $1.7bn into 24 smelter projects to modernise and bring its capacity into line with environmental rules over the next five years. More than a third of that money will be spent
    • Read more
    • NEWS | 25 May 10:36
    • China’s zirconium industry 'stuck in low gear'
    • China's zirconium industry 'stuck in low gear' Beijing, 25 May (Argus) — China's zirconium chemicals industry is stuck in low gear this year, leading producer Guangdong Orient Zirconic Industry's deputy general manager Huang Chaohua told delegates at the 8th Global Zircon Conference in Na
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    • NEWS | 25 May 09:43
    • FeCr producers in China’s Fengzhen face power shortages
    • FeCr producers in China's Fengzhen face power shortages Beijing, 25 May (Argus) — Ferro-chrome alloy producers in Fengzhen, Inner Mongolia, are struggling with power shortages following the commissioning of a 1mn t/yr stainless steel plant by Inner Mongolia Shangtai Industry at the end of
    • Read more
    • NEWS | 25 May 09:26
    • China unveils artificial intelligence plans
    • Beijing, 25 May (Argus) — The Chinese government has formulated a three-year plan for the development of artificial intelligence (AI) products, in line with the national strategy of developing downstream resource sectors and expanding output of value-added products. The plan targets the
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    • NEWS | 24 May 23:09
    • Petrobras probe expands to steel sector
    • Rio de Janeiro, 24 May (Argus) — Brazilian federal police have expanded the scope of a probe into corruption at state-controlled oil company Petrobras to include the local steel tube manufactures of at least three international steelmakers. Police today raided the offices of Apolo Tubu
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    • COMMENTARY | 24 May 22:54
    • US aluminum scrap: Spreads widen on muted buying
    • Houston, 24 May (Argus) — Many mill-grade aluminum scrap spreads widened this week as market participants reported moderate flows and slow purchasing by consumers. Some scrap suppliers said current demand is similar to mid-summer lulls when mill and smelter outages temporarily drag on s
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    • NEWS | 24 May 21:54
    • Steel groups call on G7 to curb global overcapacity
    • Houston, 24 May (Argus) — Twelve global steel trade associations today called on G7 members to take concerted measures to curb steelmaking overcapacity and consequent market distortions. The associations aim to draw attention to China's dominant role in the global steel industry at a G7
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    • COMMENTARY | 24 May 19:41
    • Oil futures: Crude up on expected US inventory drop
    • Houston, 24 May (Argus) — Crude prices rose today as expectations of a fall in US oil inventory overshadowed the recovery in output from major exporters like Nigeria. Nymex July WTI rose by 54¢/bl to $48.62/bl, recouping all of the previous session's losses. Ice July Brent gained by 26¢
    • Read more
    • COMMENTARY | 24 May 19:04
    • Copper: Cathode premiums, scrap in mixed market
    • Houston, 24 May (Argus) — High-grade copper cathode premiums rose amid competitive trading in Europe while prices remained soft in Asian trade in thin trading. Grade A copper cathodes rose to $45-55/t in-warehouse Rotterdam from $40-50/t a week earlier. Off-grade cathodes traded at $10-
    • Read more
    • COMMENTARY | 24 May 18:30
    • Turkish scrap: May shipment cargoes arrive this week
    • London, 24 May (Argus) — Turkish mills remained on the sidelines today, still unsure of the direction Chinese and Turkish steel prices are headed. Given the overall bearish sentiment moving into the "soft" summer months, they prefer to wait until the picture is clearer, before buying scr
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    • COMMENTARY | 24 May 17:43
    • US minor metals: Silicon limited by low aluminum output
    • New York, 24 May (Argus) — US silicon metal prices were flat this week as suppliers rejected lower offers despite minimal spot market demand. US silicon metal (Si 98.5pc) prices were unchanged between $0.94-0.96/lb this week. The market has stayed within this range since 28 April suppor
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    • NEWS | 24 May 17:01
    • Brillion Iron Works nets new contracts
    • Houston, 24 May (Argus) — Wisconsin-based foundry Brillion Iron Works has secured $6.5mn in new business across multiple industries, including defense, industrial, municipal, automotive and commercial vehicle sectors. The company's latest contract is a long-term deal to provide flywheel
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    • NEWS | 24 May 16:56
    • DLA reoffers lower ferro-chrome volume for sale
    • New York, 24 May (Argus) — The US defense department's procurement arm the Defense Logistics Agency (DLA) reoffered 917short tons (st) of high carbon and two lots totaling 2.52mn lbs of low carbon ferro-chrome by net weight for sale today. The high carbon ferro-chrome lot contains 65.03
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    • NEWS | 24 May 16:54
    • Rusal taps States to head American operations
    • Houston, 24 May (Argus) — Moscow-based aluminum producer Rusal has appointed Scott States as president of the company's America division. States will be responsible for Rusal's American sales portfolio and joins the company from Century Aluminum, where he served as vice president of pro
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    • COMMENTARY | 24 May 16:51
    • US minor metals: Co prices flat on low-key demand
    • New York, 24 May (Argus) — US high-grade cobalt prices consolidated earlier gains this week amid stable small tonnage demand. High-grade cobalt (Co 99.8pc) prices held firm between $11.00-11.75/lb this week, unchanged after a 12.5¢/lb increase a week earlier. Slim producer inventories
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    • COMMENTARY | 24 May 16:50
    • US ferro-alloys: Low-key demand supports FeSi market
    • New York, 24 May (Argus) — US ferro-silicon prices were unchanged this week as negotiations continue for second-half contracts. Ferro-silicon (Si 75pc) prices were flat between 70-72¢/lb this week. Spot market inquiries have declined in recent weeks as steel mills relied on existing inv
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    • NEWS | 24 May 16:40
    • Cliffs reaches energy deal with Minnesota Power
    • Houston, 24 May (Argus) — US iron ore producer Cliffs Natural Resources has entered into multiple agreements to buy low cost-power from energy-provider Minnesota Power. Cliffs has received $31mn in cash as part of a long-term purchased power arrangement for its Northshore operation thro
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    • NEWS | 24 May 15:52
    • US stainless steel producers boost June surcharges
    • Houston, 24 May (Argus) — US stainless steel producers raised nickel-based surcharges for type 304 and 316 material for June shipments to reflect gains in nickel, ferrous and molybdenum prices, in a third consecutive hike. North American Stainless (NAS), AK Steel and Allegheny Technolog
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    • NEWS | 24 May 15:25
    • Nickel market deficit increases in March
    • London, 24 May (Argus) — The deficit in the global nickel market increased to 8,200t in March, data from the International Nickel Study Group showed. Global output of nickel stood at 164,000t while global usage was 172,300t. Demand in China increased by 33pc on the month to 91,300t a
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    • NEWS | 24 May 14:33
    • China’s Cisa seeks to ease steel trade frictions
    • China's Cisa seeks to ease steel trade frictions Singapore, 24 May (Argus) — The China iron and steel association (Cisa) is taking a conciliatory tone on the country's steel exports, in a departure from the government's sharp criticism of import duties imposes by the US and EU. China wan
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    • NEWS | 24 May 14:21
    • UBS leans towards higher iron ore prices
    • London, 24 May (Argus) — Swiss banking group UBS said tangible evidence of a recovery in China's real estate market and increased investment in infrastructure is lending weight to more optimistic assumptions about iron ore prices next year. UBS analysts think prices could average $50/t
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    • COMMENTARY | 24 May 14:12
    • US Minor Metals: Cd, Se edge higher, Sb falls
    • New York, 24 May (Argus) — Cadmium and selenium prices edged higher in the past week on tight offshore supply and producer margins respectively. But antimony and bismuth slipped on easing supply tightness. Antimony Prices declined to $2.70-2.90/lb this week from $2.80-3/lb a week earl
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    • NEWS | 24 May 13:00
    • China’s Erdos to cut ferro-silicon production
    • China's Erdos to cut ferro-silicon production Beijing, 24 May (Argus) — China's largest ferro-silicon alloy producer Erdos Metallurgy Group will halve monthly output to 50,000t from 100,000t next month in a bid to support margins. High production costs and low prices have squeezed the al
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    • COMMENTARY | 24 May 11:17
    • LME minors: Little movement in line with physicals
    • London, 24 May (Argus) — London Metal Exchange (LME) molybdenum and cobalt are steady this week, reflecting a trend of stability in the physical markets where both molybdenum and cobalt are consolidating a run of gains this quarter. LME molybdenum settled at a cash price of $14,800/15,3
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    • NEWS | 24 May 11:05
    • Alphamin starts infrastructure at DRC tin project
    • Johannesburg, 24 May (Argus) — Toronto-based mining company Alphamin Resources has started building infrastructure at its Bisie tin project in the Democratic Republic of Congo. The first permanent facilities are focused on safety training at the site as a precursor to mine development.
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    • NEWS | 24 May 11:03
    • Australia's Auroch buys Li project in Tanzania
    • Johannesburg, 24 May (Argus) — Perth-based gold explorer Auroch Minerals has acquired the Hombolo Lithium Project in Tanzania as it seeks to take advantage of a strong outlook for lithium and tantalum from the growing battery market. The company said the project area covers around 1,700
    • Read more
    • NEWS | 24 May 10:37
    • Chinese magnet train to drive rare earths demand
    • Beijing, 24 May (Argus) — Chinese demand for neodymium iron boron (NdFeB) materials is expected to increase in the next few years following a breakthrough on the development a train that uses permanent magnet motors. China's leading railway transportation manufacturer, state-owned CRRC,
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    • NEWS | 24 May 10:33
    • Chile eyes move into rare earths production
    • Sao Paulo, 24 May (Argus) — Chile's government is eyeing a move for the country's mining industry into the production of rare earths as part of efforts to diversify and attract investment. Mining Minister Aurora Williams last week held talks with a delegation of officials from China's I
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    • COMMENTARY | 23 May 21:53
    • US zinc: Premiums unchanged
    • Houston, 23 May (Argus) — US zinc premiums were steady this week as business remained flat for mills and exchange prices fell. The US zinc premium was at 6.5-7.5¢/lb Monday delivered, unchanged for a fifth consecutive week. Sellers said they are not seeing signs of tightness in supply,
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    • ANALYSIS | 23 May 21:22
    • Copper demand growth outstrips production: ICSG
    • Houston, 23 May (Argus) — Global apparent use of copper rose by 9.3pc in February from the same month a year earlier, led by gains in China, while production of refined copper rose by 2.9pc and stockpiles grew by nearly 8pc. World refined usage rose to 1.77mn t in February from 1.62mn t
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    • NEWS | 23 May 21:21
    • Scholz wooed by Chiho-Tiande, KKR
    • Houston, 23 May (Argus) — Global recycler Scholz Holding's court supervised financial restructuring may include a debt acquisition by China-focused recycler Chiho-Tiande Group and an influx of capital from global investor and buyout firm KKR Credit. Nearly all secured lenders have accep
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    • NEWS | 23 May 19:56
    • US raw steel utilization breaks 75pc mark
    • Houston, 23 May (Argus) — US steel capacity utilization rose above 75pc for the first time since January 2015, as raw steel output rose by 1.7pc in the week ended 21 May from a week earlier. Output increased to 1.76mn net tons (1.6mn metric tonnes) from 1.7mn nt a week earlier as gains
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    • COMMENTARY | 23 May 19:49
    • Oil futures: Crude falls on rising supplies
    • Houston, 23 May (Argus) — Crude prices fell today amid prospects of rising supplies following a series of outages across major producers. Nymex WTI, which started trading July as the prompt-month today, fell by 33¢/bl to $48.08/bl. Ice July Brent dropped by 37¢/bl to $48.35/bl. The July
    • Read more
    • ANALYSIS | 23 May 18:58
    • China’s copper imports set to weaken: Barclays
    • China's copper imports set to weaken: Barclays Houston, 23 May (Argus) — China's copper imports will weaken in coming months after a sharp decline in April, reflecting slowing economic growth and weak global prices, following a strong first quarter, UK bank Barclays said in its latest res
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    • COMMENTARY | 23 May 18:33
    • Turkish scrap: Market corrects almost $30/t
    • London, 23 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment moved down $26.40/t to $273.80/t cfr Turkey based on the latest market bid and offer indications. Market participants gave bid indications in a $250-260/t cfr Turkey range and offer indications in a
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    • NEWS | 23 May 18:13
    • Novelis commissions aluminum auto sheet line
    • Houston, 23 May (Argus) — Atlanta-based flat-rolled aluminum maker Novelis has commissioned a third automotive sheet finishing line at its Oswego, New York, facility. The plant's newest $120mn treatment line will produce high-strength aluminum sheet for the body and cargo box of Ford's
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    • COMMENTARY | 23 May 18:07
    • EU secondary aluminium: Prices flat
    • Houston, 23 May (Argus) — Secondary aluminium ingot prices were unchanged in European trading in the latest week amid high rates of production ahead of June maintenance shutdowns. In the UK, LM 6 and 25 prices remained at $0.97-1.02/lb this week, unchanged from the prior week. LM 24 rem
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    • NEWS | 23 May 17:22
    • US manganese imports shrink in January, led fall in ore
    • New York, 23 May (Argus) — Total US manganese ore and alloy imports fell by 32pc in January from a year earlier amid a sharp decline in ore supplies and fewer industry stockpiles from a year earlier. The US imported 53,900t of manganese products during January, down from 78,900t a year
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    • NEWS | 23 May 16:53
    • US Steel puts Gary Works’ blast furnace back online
    • US Steel puts Gary Works' blast furnace back online Houston, 23 May (Argus) — US Steel today said it has completed a scheduled maintenance outage at its No. 8 blast furnace at its Gary Works steelmaking facility in Indiana. Blast furnace No. 8 "is back to safe, reliable productivity fol
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    • NEWS | 23 May 16:45
    • China’s crude steel output slows in early May
    • China's crude steel output slows in early May Singapore, 23 May (Argus) — China's crude steel output fell in the first 10 days of May, potentially signalling an end to two months of sharp increases. Output over 1-10 May averaged 2.3mn t/d, down by 0.8pc from the preceding 10 days, China
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    • NEWS | 23 May 16:32
    • China claims exports do not damage US steel market
    • London, 23 May (Argus) — China's commerce ministry has issued a further rebuke of the US Commerce Department's decision to impose combined duties of 522.8pc on imports of Chinese cold rolled steel flat products, saying that Chinese material has not harmed the US domestic steel industry.
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    • NEWS | 23 May 16:24
    • Zimbabwe exports 29,000t of chrome
    • London, 23 May (Argus) — Zimbabwe has exported almost 29,000t of chrome ore at a value of about $2mn since the country lifted an export ban in June last year. About six smelting companies have been granted export licences to export chrome ore, said government and market participants. Th
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    • NEWS | 23 May 16:06
    • LME tin price drops $510
    • London, 23 May (Argus) — London Metal Exchange (LME) tin prices declined sharply on Monday, trading down $510/t from Friday's close at $15,940/t. There was no major news to trigger the sale but because the market is very thinly traded, fund liquidation caused a major price move. Buy or
    • Read more
    • NEWS | 23 May 15:36
    • Brazil foundries look to late 2017 for growth
    • Sao Paulo, 23 May (Argus) — Brazilian foundry industry executives are already looking to the end of next year for a return to growth in output with the country mired in the worst recession since the 1930s as it tries to shake off the effects of a debilitating political crisis. "For us
    • Read more
    • NEWS | 23 May 15:08
    • North Star BlueScope steel mill returns to normal
    • Sydney, 23 May (Argus) — The North Star BlueScope mill in Ohio owned by Australian steelmaker BlueScope has resumed full production after an explosion hit the facility on 7 May. Around 40,000t of steel production has been lost because of the incident, which has cost the firm around A$5m
    • Read more
    • COMMENTARY | 23 May 15:07
    • US ferro-alloys: FeCr stable amid firm offshore markets
    • New York, 23 May (Argus) — US high carbon ferro-chrome prices were flat in the latest week as tighter raw material supplies and rising European stainless production offset minimal domestic spot market demand. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices were unchanged between 85
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    • NEWS | 23 May 13:07
    • Argus welcomes General Atlantic as strategic investor: Press release
    • Investment values Argus at nearly £1bn London, 23 May (Argus) — Global energy and commodity price reporting agency Argus announced today that it has signed a definitive agreement to enter a strategic partnership with leading global growth equity firm General Atlantic. General Atlantic
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    • NEWS | 23 May 12:06
    • April crude steel output 0.5pc lower: Update
    • Utilisation figures in the final paragraph have been updated following an update from the WSA today, following their initial release on Friday. London, 23 May (Argus) — World crude steel production slipped by 0.5pc year on year to 135mn t in April, according to figures released today
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    • NEWS | 23 May 11:43
    • Aurinka plans to restart Spanish polysilicon plant
    • London, 23 May (Argus) — Spanish firm Aurinka Photovoltaic is planning to invest €60mn-100mn to acquire and upgrade Silicon Solar's polysilicon production plant in Puertollano, southern Spain. The factory has been shut since 2012 and the company will restart production in the second hal
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    • NEWS | 23 May 11:12
    • RE output up sharply in Sichuan, other metals fall
    • Beijing, 23 May (Argus) — China's Sichuan province has issued its metal production data for the first four months of this year which show a large increase in rare earth metal output despite drops for other metals. Production of rare earth metals in Sichuan totalled 1,372t in January-Apr
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    • NEWS | 23 May 11:00
    • China Molybdenum to raise Yn18bn for acquisitions
    • Beijing, 23 May (Argus) — China's leading molybdenum producer China Molybdenum (CMOC) plans to raise Yn18bn ($2.77bn) in a private placement to acquire Freeport McMorans' (FMDRC) stake in the Tenke Fungurume copper-cobalt mine in the Democratic Republic of Congo (DRC), and Anglo American
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    • NEWS | 23 May 10:54
    • ANTAM restarts FeNi furnace in Indonesia
    • Johannesburg, 23 May (Argus) — Indonesian metals and mining company PT ANTAM has restarted electric smelting furnace No. 2 at its Southeast Sulawesi Nickel Mining Business Unit at Pomalaa. The company said the furnace will help it to meet its target of producing 20,000t of ferro-nickel
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    • NEWS | 23 May 10:44
    • Maximus flags potential Li find in West Australia
    • Johannesburg, 23 May (Argus) — Adelaide-based precious and base metals explorer Maximus Resources said today that it has discovered a significant lithium-bearing pegmatite at the Lefroy prospect which forms part of its Spargoville project in Western Australia. The company said explorati
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    • NEWS | 23 May 08:41
    • China's Hubei Baisheng launches Ti sponge output
    • Beijing, 23 May (Argus) — Chinese private-sector Hubei Baisheng Titanium, a subsidiary of Chaoyang Baisheng Group, has launched trial production at the first phase of its new titanium sponge plant in Xiantao, Hubei province. The plant is expected to produce 150t of titanium sponge in
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    • NEWS | 20 May 22:28
    • USITC allows plate steel trade case
    • Houston, 20 May (Argus) — The US International Trade Commission (ITC) today preliminarily determined that imports of carbon and alloy steel cut-to-length plate from 12 countries have harmed domestic producers. The US opened an investigation regarding these imports from Austria, Belgium,
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    • ANALYSIS | 20 May 21:28
    • This Week in Metals: 16-20 May
    • Houston, 20 May (Argus) — It has not been plain sailing in metal markets so far this year, navigating crosscurrents of volatile currencies, tight credit and China's slowdown, and the doldrums in demand. As this week ended, the finance ministers of G-7 leading global economies met in Jap
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    • NEWS | 20 May 19:53
    • Boeing completes 777X wing production facility
    • New York, 20 May (Argus) — Washington-based aerospace manufacturer Boeing opened its new 777X Composite Wing Center in Everett Washington today. The new facility will manufacture composite wings for the company's newest series 777X, which includes the 777-8X and 777-9X models. Orders fo
    • Read more
    • NEWS | 20 May 19:08
    • WEEK IN REVIEW: Waiting for wind in the sails
    • London, 20 May (Argus) — It has not been plain sailing in metal markets so far this year, navigating crosscurrents of volatile currencies, tight credit and China's slowdown, and the doldrums in demand. As this week ended, the finance ministers of G-7 leading global economies met in Japa
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    • COMMENTARY | 20 May 18:37
    • Aluminum scrap: Export prices begin upward push
    • Houston, 20 May (Argus) — US export prices for aluminum scrap were unchanged this week for most grades amid steady trading on the London Metal Exchange. Prices for zorba, 94pc metallic with 3-4pc red metal content, remained at 63-64¢/lb cif China, and some smelters are expected to raise
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    • NEWS | 20 May 18:36
    • AIST taps ArcelorMittal's Carter as president
    • Houston, 20 May (Argus) — The Association for Iron Steel Technology has elected Wendell L Carter, vice president and general manager of ArcelorMittal Indiana Harbor, as its next president. Carter took charge of the role from George J Koenig this week and will serve a one-year term th
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    • NEWS | 20 May 18:13
    • April global crude steel output fractionally lower
    • London, 20 May (Argus) — World crude steel production slipped by 0.5pc year on year to 135mn t in April, according to figures released today by the World Steel Association (WSA). The rate of contraction was the same as the previous month, when output fell by 0.5pc to 137mn t, indicating
    • Read more
    • COMMENTARY | 20 May 18:11
    • Turkish scrap: Market awaits boost in trade
    • London, 20 May (Argus) — Turkish scrap import purchases are expected to begin in earnest next week for June shipment, and Turkish domestic rebar sales activity is expected to recover somewhat after two weeks of almost zero activity. The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap
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    • NEWS | 20 May 18:06
    • ARCA says better results to follow 1Q revenue drop
    • Houston, 20 May (Argus) — The Appliance Recycling Centers of America expects higher revenues in the current quarter because of its carbon offset program and an improvement in metal markets. The company generated 8.1pc less revenue in the first quarter of 2016 than it did a year earlier.
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    • COMMENTARY | 20 May 17:51
    • Stainless: World scrap prices mixed on nickel fall
    • Houston, 20 May (Argus) — Stainless steel scrap prices were mostly unchanged this week as the market waits to determine the full impact of weaker nickel trading on the London Metal Exchange. Argus assessed stainless steel scrap prices in Rotterdam and Germany at 47-48¢/lb for 304 (18-8)
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    • ANALYSIS | 20 May 17:35
    • Analysis: All points to Turkish scrap correcting
    • London, 20 May (Argus) — Turkish steel producers are faced with four major issues that are preventing them from making calculated decisions on whether to stock up on scrap or billet — a tangible drop in demand for steel products in May, political uncertainty in the country, the volatilit
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    • COMMENTARY | 20 May 17:16
    • US stainless: Scrap prices rise amid tight supply
    • Houston, 20 May (Argus) — US stainless steel scrap prices rose this week as spot market availability remained tight. Supply of Type-304 (18-8) scrap is the most constrained at the moment with one processor short on material paying the most for the material this week. Processor buying
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    • NEWS | 20 May 17:12
    • Australia's Sovereign Gold eyes Nevada Li project
    • Johannesburg, 20 May (Argus) — Australian-based gold explorer Sovereign Gold has entered into an option agreement with Nevith to acquire the prospective 118 Clayton Valley lithium claims in the US state of Nevada. The claims cover an area of around 3,000 acres and are close to one of th
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    • NEWS | 20 May 16:56
    • VSMPO-AVISMA ships more value-added Ti in 2015
    • London, 20 May (Argus) — Russian titanium producer VSMPO-AVISMA expects its titanium product shipments to Airbus to increase by 10-15pc in 2016 against last year, as the European aircraft manufacturer ramps up production on new generation planes. The Russian company is a supplier on all
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    • COMMENTARY | 20 May 16:48
    • LME aluminium higher, copper down
    • London, 20 May (Argus) — London Metal Exchange (LME) aluminium prices traded higher as global production slowed down in April but copper was lower, reacting to the appreciation of the dollar and the likelihood of a US interest rate rise in June. Aluminium range traded for the best part
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    • COMMENTARY | 20 May 16:33
    • LME zinc higher on deficit, Ni, Pb, Sn lower
    • London, 20 May (Argus) — London Metal Exchange (LME) zinc traded higher on reports of a supply deficit in the first quarter of this year while nickel, lead and tin traded lower as speculators withdrew from metals after the US Federal Reserve indicated that there could be an interest rate
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    • COMMENTARY | 20 May 16:03
    • US ferro-alloys: SiMn prices rise, FeMn firm
    • New York, 20 May (Argus) — US high carbon ferro-manganese prices were flat this week amid a steady stream of low-volume spot market transactions. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices were unchanged at $810-850/gt for a third week. Greater availability of manganese ore a
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    • COMMENTARY | 20 May 15:51
    • US secondary aluminum: A380.1 pressured by supply
    • Houston, 20 May (Argus) — A380.1 prices fell this week as the London Metal Exchange's North American Special Aluminum Alloy Contract returned to 2016 lows. A380.1 alloy prices decreased to 84-86¢/lb from 85-86¢/lb a week earlier as traders cited factors such as brokered material, domest
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    • NEWS | 20 May 14:32
    • Europe FeTi: Prices supported by input costs
    • London, 20 May (Argus) — The European ferro-titanium market is trading within a steady range, but with conflicting fundamental forces at play. The duty-paid/duty-free market was assessed on 19 May in the $3.40-3.70/kg range in warehouse, and the market for Russian duty-unpaid at $3.25-3
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    • NEWS | 20 May 13:27
    • India's MSTC tenders to sell manganese ore
    • Mumbai, 20 May (Argus) — Indian state-owned trading company MSTC will tender 11,408t of manganese ore to the domestic industry on 25 May. The auction will be conducted on behalf of BSE-listed private-sector producer Sandur Manganese and Iron Ores (Smiore) by MSTC's monitoring committee.
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    • NEWS | 20 May 11:34
    • Virginia port tops US met coal trade: Correction
    • Corrects name of port to Hampton Roads from Port of Virginia in paragraph one. Removes mention of Norfolk International Terminal in paragraph 2. Corrects region to northern Appalachian from central Appalachian in paragraph six. London, 20 May (Argus) — The US port of Hampton Roads in
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    • NEWS | 20 May 11:21
    • Ferbasa ferro-alloys output down sharply in April
    • Sao Paulo, 20 May (Argus) — Leading Brazilian ferro-chrome producer Ferbasa said ferro-alloys production fell 27.7pc in April from a year earlier to 17,967t as the company continues to adapt to a new power deal with northeast regional utility Chesf. Ferro-alloy sales rose 31.3pc to 24,9
    • Read more
    • NEWS | 20 May 11:11
    • 17-year mine life eyed for PNG Cu/Au project
    • Johannesburg, 20 May (Argus) — Australian precious and base metals companies Highland Pacific and PanAust have released a feasibility study for the Frieda River copper/gold project in Papua New Guinea (PNG) which supports the case for a 17-year mine life producing 175,000 t/yr of copper
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    • NEWS | 20 May 11:04
    • IFL enters sale agreements with Samancor Chrome
    • London, 20 May (Argus) — London-listed International Ferro Metals (IFL) has entered into sale agreements with Samancor Chrome as part of its business rescue plan for its South African subsidiary International Ferro Metals. The amended business plan was approved by creditors in March thi
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    • NEWS | 20 May 09:45
    • China HC FeCr exports soar in March, Mn br. falls
    • Beijing, 20 May (Argus) — Chinese high-carbon ferro-chrome exports surged in March on increased buying from Taiwan, while manganese briquette exports fell on tight supply and rising domestic prices. Chinese exports of high-carbon ferro-chrome surged by 1,508pc to 370t in March, from 23t
    • Read more
    • COMMENTARY | 19 May 22:05
    • US aluminum scrap: Prices mixed amid steady LME
    • Houston, 19 May (Argus) — US secondary aluminum: Prices mixed amid steady LME Smelter-grade aluminum scrap prices were mixed this week as consumers reported tight supply and London Metal Exchange levels were nearly flat from a week earlier. Old cast prices increased to 58-60¢/lb this w
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    • COMMENTARY | 19 May 19:58
    • US metcoal: Prices slip amid market lull
    • New York, 19 May (Argus) — US coking coal export prices fell this week as European buyers postponed making purchases and Australian prices dived. Prices for US coking coal for delivery in the next 90 days fob Hampton Roads, Virginia, slipped across the board this week. Prices for low vo
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    • NEWS | 19 May 19:05
    • Chemours begins Altamira TiO2 production
    • New York, 19 May (Argus) — Delaware-based chemical and titanium dioxide producer Chemours has started its titanium dioxide (TiO2) line in Mexico. Production of TiO2 pigments commenced this week at its Altamira facility, following mechanical completion of the line in December. Chemours
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    • NEWS | 19 May 19:00
    • Minnesota moves to stop large shredder
    • Houston, 19 May (Argus) — The Minnesota Pollution Control Agency (MPCA) today said it is taking steps to revoke an air quality permit provided to Northern Metal Recycling. The facility, which operates a shredder in Minneapolis, is alleged to be a primary source of emissions that viol
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    • NEWS | 19 May 18:57
    • Pig iron: Prices fall on new deals, low demand
    • London, 19 May (Argus) — Trading activity in the pig iron market out of the Black Sea ports remained subdued this week, with only a couple of deals reported, as buyers remained unwilling to enter the market amid ongoing volatility and signs that scrap prices, the weathervane for pig iron
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    • NEWS | 19 May 16:15
    • China pledges to retain steel export tax rebates
    • Singapore, 19 May (Argus) — China will maintain its tax rebate on steel exports to help support its steel industry, which is struggling with overcapacity and low demand, the finance ministry said. The comments come after the US, EU, Vietnam, India and others have imposed higher duties o
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    • NEWS | 19 May 16:13
    • Cisa advises cautious iron ore stockpiling
    • Singapore, 19 May (Argus) — Chinese steel mills should control their iron ore inventories this month as bearish market fundamentals are reasserting themselves after sharp price gains in April, the China iron and steel association (Cisa) said. Iron ore supplies are likely to increase whi
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    • NEWS | 19 May 16:10
    • Quarterly global silicon wafer shipments decline
    • New York, 19 May (Argus) — Worldwide silicon wafer area shipments declined by 3.8pc during the first quarter from a year earlier. Total silicon wafer area shipments totaled 2.54mn inch2 during the first quarter, down from 2.64mn inch2 in 2015, according to data from the Semiconductor Eq
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    • NEWS | 19 May 15:56
    • Virginia port still tops US-Europe met coal trade
    • London, 19 May (Argus) — The US port of Virginia continued to be the largest exporter of US metallurgical coal destined for European customers in the first quarter of 2016, even though volumes shipped from the facility fell by 42pc year on year, US census data show. The port, which prim
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    • COMMENTARY | 19 May 15:52
    • US Ferro-alloys: Supply offsets firm FeTi demand
    • New York, 19 May (Argus) — US ferro-titanium prices held steady this week as supplier inventories offset rising spot market demand. US ferro-titanium (Ti 70pc) prices were range-bound between $1.60-1.75/lb for a second week. Market fundamentals continued to improve in recent weeks, boos
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    • COMMENTARY | 19 May 15:31
    • Nickel prices fall
    • London, 19 May (Argus) — London Metal Exchange (LME) nickel prices traded lower this week on thinner volumes than usual, amid lower speculative interest in the market. LME three-month futures traded at $8,550/t on 19 May, down from £8,830/t a week ago, with consumers limiting buying to
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    • NEWS | 19 May 15:25
    • Half of S Africa mines making losses
    • Johannesburg, 19 May (Argus) — South Africa's Chamber of Mines has said that on average half of South Africa's mines are making losses. Chamber chief executive Roger Baxter said at the organisation‘s annual general meeting that members of the chamber have been adversely affected by low
    • Read more
    • COMMENTARY | 19 May 14:48
    • US ferro-alloys: FeMo, FeV firm on tight supply
    • New York, 19 May (Argus) — US noble alloy demand remained strong this week, driven by tighter supplies and stable demand. Steel mills increased bulk alloy inquiries for long-term and spot market volumes this week. Prices for manganese alloys and ferro-silicon were firm. FeCr US high c
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    • COMMENTARY | 19 May 14:35
    • US minor metals: Tellurium rebounds, indium flat
    • New York, 19 May (Argus) — US indium prices held flat for a fourth week amid low-key demand. Indium ingot (In 99.99pc) prices were unchanged between $220-250/kg this week with support from small volume sales. Prices have held flat since a $20/kg decline on 22 April amid easing Chinese c
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    • NEWS | 19 May 13:45
    • Indian Tata's FeCr plant start-up delayed
    • Mumbai, 19 May (Argus) — Indian steel and ferro-alloys producer Tata Steel may take a couple more months to start commercial production at its 50,000 t/yr Gopalpur ferro-chrome plant in the eastern state of Odisha. It had aimed for trial production in March and the launch of commercial
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    • NEWS | 19 May 12:36
    • India's IMFA reports lower FeCr production in 4Q
    • Mumbai, 19 May (Argus) — BSE-listed private-sector Indian ferro-chrome producer Indian Metals and Ferro Alloys (IMFA) produced 30,904t of the alloy in the fourth fiscal quarter ended March 31 2016, a sharp drop from the 68,975t produced a year earlier. Production is expected to increase
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    • NEWS | 19 May 12:26
    • China pushes for deeper coal, steel output cuts
    • Shanghai, 19 May (Argus) — China is pushing for coal and steel output cuts at firms that are controlled by the central government as part of further steps to address the domestic supply glut. China plans to cut the allowable output of such firms by around 10pc this year and next year, p
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    • NEWS | 19 May 10:51
    • China's Ganzhou raises RE guide prices for 2H May
    • Beijing, 19 May (Argus) — China's Ganzhou Rare Earth Association has increased its guide prices for ion-absorption rare earth (RE) concentrate for the second half of May. The guide price for medium yttrium and rich europium concentrates has increased to Yn190,000/t ($29,032/t), up by Yn
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    • NEWS | 19 May 10:24
    • Indium leads China minor metals growth in March
    • Beijing, 19 May (Argus) — The Chinese government has issued March export data for minor metals, with the largest increase reported for indium as a result of the collapse of the Fanya Metal Exchange last year. The biggest changes in minor metal exports in March were reported for indium,
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    • NEWS | 19 May 10:24
    • Indium leads China minor metals exports in March
    • Beijing, 19 May (Argus) — The Chinese government has issued March export data for minor metals, with the largest increase reported for indium as a result of the collapse of the Fanya Metal Exchange last year. The biggest changes in minor metal exports in March were reported for indium,
    • Read more
    • NEWS | 19 May 10:23
    • Europe FeCr: Market sees higher benchmark in 3Q
    • London, 19 May (Argus) — The European ferro-chrome benchmark, which dropped 10 cents/lb to currently its lowest level since the second quarter of 2009 at $0.82/lb, may bounce to $0.90/lb or higher for deliveries in the third quarter of this year, said industry participants. Negotiation
    • Read more
    • COMMENTARY | 18 May 21:58
    • US copper scrap: Spreads flat amid tighter supply
    • US copper scrap: Spreads flat amid tighter supply Houston, 18 May (Argus) — US copper scrap price spreads were unchanged for a fourth consecutive week as a decline in Comex copper caused scrap supply to tighten. Consumer buying price spreads for No. 1 bare bright held at 2¢/lb over July
    • Read more
    • COMMENTARY | 18 May 21:34
    • US aluminum scrap: UBC spreads unchanged
    • Houston, 18 May (Argus) — Used aluminum beverage can (UBC) spreads were steady this week as consumers worked through material purchased in late April when London Metal Exchange prices were higher. Consumers have continued to purchase UBCs at approximately 78pc of the Argus midwest trans
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    • COMMENTARY | 18 May 21:28
    • US aluminum: Premium softens on low-volume deals
    • Houston, 18 May (Argus) — The midwest premium for primary aluminum softened this week amid muted trading in the US. The premium dropped to 7.65-8¢/lb this week, after trading at 8-8.25¢/lb for seven weeks. London Metal Exchange cash aluminum settled at $1,529.50/t (69¢/lb) Wednesday,
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    • NEWS | 18 May 21:28
    • Olin Brass cuts output on plant failure
    • Houston, 18 May (Argus) — Illinois-based Olin Brass has temporarily reduced output at its East Alton, Illinois, brass and copper mill because of an equipment failure and it anticipates full production capacity will be restored by the week of 6 June. The equipment failure impacted an "in
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    • COMMENTARY | 18 May 21:11
    • US copper: Cathode premiums soften
    • Houston, 18 May (Argus) — US copper cathode premiums edged lower Wednesday as material was readily available and sellers offered discounts to encourage spot deals. Grade A cathode premiums traded at 5.25-6.25¢/lb delivered midwest consumer, down from 5.5-6.5¢/lb a week earlier. This wee
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    • COMMENTARY | 18 May 20:52
    • EU aluminium: Premiums unchanged on slow trade
    • Houston, 18 May (Argus) — Aluminium premiums were unchanged in European and Asian trade in the latest week as activity ticked down and supply remained ample. The premium for P1020 duty unpaid held at $75-85 in-warehouse Rotterdam, unchanged from a week earlier while the premium on duty
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    • NEWS | 18 May 17:54
    • Scrap freight rates from US to Turkey rise
    • London, 18 May (Argus) — Freight rates for bulk cargoes of ferrous scrap shipped from the US east coast to Turkey increased this week amid higher fuel costs and fixtures on other commodities. Rates for scrap cargoes of 40,000t on Supramax vessels from Port Newark, US, to Turkey increase
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    • COMMENTARY | 18 May 17:50
    • Turkish scrap: Market on hold until next week
    • London, 18 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment remains unchanged at $300/t cfr Turkey in the absence of any bids against the offers outstanding in the market from yesterday, with market participants commenting that tomorrow's Turkish public holid
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    • NEWS | 18 May 17:19
    • Almost half of Indonesia's tin smelters off line
    • London, 18 May (Argus) — Around half of the tin smelting capacity on the Indonesian islands of Bangka and Belitung is not operating, according to an audit carried out by Indonesia's energy and mineral resources ministry. The islands account for about 90pc of Indonesia's tin production.
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    • NEWS | 18 May 16:48
    • Zinc market in deficit in March: Correction
    • Corrects headline London, 18 May (Argus) — Zinc demand outstripped global output in March by 13,600t, reversing the trend in February, when the market was in a surplus of 51,200t, International Lead and Zinc Study Group data showed. Total output rose to 1.11mn t in March from 1.04mn
    • Read more
    • NEWS | 18 May 16:07
    • Zinc market moves into surplus in March
    • London, 18 May (Argus) — Zinc demand outstripped global output in March by 13,600t, reversing the trend in February, when the market was in a surplus of 51,200t, International Lead and Zinc Study Group data showed. Total output rose to 1.11mn t in March from 1.04mn t in February, while
    • Read more
    • NEWS | 18 May 15:51
    • China criticizes US for steel duty ruling
    • Houston, 18 May (Argus) — China's Ministry of Commerce today said it was "strongly dissatisfied" with the US Commerce Department's decision to levy combined duties of 522.8pc on imports of Chinese cold rolled steel flat products. The Commerce Department in a final ruling yesterday impos
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    • NEWS | 18 May 14:39
    • US aluminum foil, can stock output up in April
    • Houston, 18 May (Argus) — Shipments of can stock from US producers rose by 3.3pc in April over the year-earlier period, as year-to-date shipments were up by 1.4pc. US mills shipped 348mn lbs of can stock in April, up from 337mn lbs a year earlier. Year-to-date shipments rose to 1.39bn p
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    • NEWS | 18 May 12:24
    • Turkey considers reintroducing import tax on Mg
    • London, 18 May (Argus) — The Turkish government is considering reinstating an import tax on magnesium after asking new domestic producer Eczacibasi Esan for its views on the matter, according to an official at the company. The tax reduced to zero in Turkey last year, and Ankara asked th
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    • NEWS | 18 May 12:20
    • Zimbabwe tungsten mine shaft completed
    • Johannesburg, 18 May (Argus) — AIM-listed Premier African Minerals has completed and re-equipped a 120m vertical shaft at its RHA tungsten mine in Zimbabwe. But upgrades to the associated ore processing plant's crushing circuit will not be finalised before early July. The company said
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    • NEWS | 18 May 12:17
    • European Metals ups Czech Li/Sn resources
    • Johannesburg, 18 May (Argus) — Perth-based lithium explorer European Metals has upgraded the indicated lithium and tin resources at its Cinovec project in the Czech Republic. The company announced a maiden indicated resource of 0.5mn t of lithium carbonate equivalent (LCE) within 49.1mn
    • Read more
    • NEWS | 18 May 11:56
    • General Mining receives first Li offtake payment
    • Johannesburg, 18 May (Argus) — Perth-based lithium and tantalum miner General Mining Corporation has received the first payment from an off-take agreement that will see it supplying up to 60,000t of spodumene concentrate in 2016 and up to 120,000t in 2017. The company said it has receiv
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    • COMMENTARY | 18 May 11:40
    • Europe Sb: Prices backtrack as tight supply eases
    • London, 18 May (Argus) — The European antimony market traded in a narrower price range this week as more Chinese material began to reach the market. Prices were assessed at $6,000-6,350/t for standard grade II and $6,000-6,450/t for low-bismuth, trioxide-grade ingot, with the premium be
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    • NEWS | 18 May 09:39
    • China’s lithium battery output rises in 1Q
    • China's lithium battery output rises in 1Q Beijing, 18 May (Argus) — China produced 1.23bn lithium battery units in January-March, a rise of 16.5pc compared with 1.04bn units produced a year earlier, according to data issued by China's Ministry of Industry and Information Technology (MIIT
    • Read more
    • NEWS | 18 May 09:19
    • South32 and Eramet cut Mn ore prices for China
    • Beijing, 18 May (Argus) — Large manganese ore producers Australian mining firm South32 and French mining group Eramet Comilog have cut their offer prices for manganese ore for shipment to China in June, importers said. South32, which was spun out of UK-Australian resources firm BHP Bil
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    • COMMENTARY | 17 May 22:45
    • US aluminum scrap: Extrusion grades stay firm
    • Houston, 17 May (Argus) — Ten-ten extrusion spreads narrowed the most of any mill-grade aluminum scrap this week, as prices rose to 65-67¢/lb from 63-65¢/lb a week earlier and London Metal Exchange prices were nearly flat. "I am still seeing stiff competition for extrusion-grade items,"
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    • NEWS | 17 May 20:44
    • DLA offers two lots of FeCr for sale
    • New York, 17 May (Argus) — The US Defense Department's procurement arm the Defense Logistics Agency (DLA) has offered for sale 917short tons (830 metric tonnes) of high carbon and 2.8mn lbs of low carbon ferro-chrome by net weight for sale today. The high carbon ferro-chrome sale has ch
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    • NEWS | 17 May 20:28
    • US Antimony boosts antimony production and sales
    • New York, 17 May (Argus) — Montana-based antimony producer US Antimony increased first quarter production and sales by 75pc from a year earlier and expects to continue processing Australian antimony concentrate through 2016. US Antimony sold 912,841lbs (414t) of antimony metal during th
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    • COMMENTARY | 17 May 20:21
    • US FeSi: Low-key demand supports prices
    • New York, 17 May (Argus) — US ferro-silicon prices were flat this week amid low-key steel mill demand and stable supplier inventories. Ferro-silicon (Si 75pc) prices were range-bound between 70-72¢/lb this week. Gradually declining spot market demand has largely been offset by stable su
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    • NEWS | 17 May 20:11
    • US slaps duties over 500pc on Chinese steel
    • Houston, 17 May (Argus) — The US Commerce Department today levied combined antidumping and countervailing duties on imports of cold rolled steel from China totaling over 520pc in a final determination, while Japanese imports will face lower antidumping duties. Imports from China will f
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    • COMMENTARY | 17 May 19:36
    • EU copper: Premiums drop on ample supply
    • Houston, 17 May (Argus) — Copper cathode premiums are under downward pressure in Europe and Asia in the latest week amid thin trading and ample supply. Grade A copper cathodes fell to $40-50/t in-warehouse Rotterdam from $50-60/t a week earlier. Off-grade cathodes traded at $10-20/t, un
    • Read more
    • NEWS | 17 May 19:21
    • Brazilian steel executive accused of tax fraud
    • Sao Paulo, 17 May (Argus) — Brazilian federal police have accused Brazilian steel company Gerdau's chief executive Andre Gerdau Johannpeter and 18 other unidentified suspects of corruption for their alleged role in a massive corporate tax fraud scheme involving Brazil's highest administr
    • Read more
    • COMMENTARY | 17 May 18:17
    • Turkish scrap: Empty stocks awakening demand
    • London, 17 May (Argus) — An absence of firm bids for the four deep-sea offers confirmed in the market today left the Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment unchanged at $300/t. But Turkish mills' interest in buying deep-sea scrap was noticeably higher today, despite
    • Read more
    • NEWS | 17 May 18:06
    • Brazil to review Samarco agreement
    • Sao Paulo, 17 May (Argus) — Brazil's new environment minister, Jose Sarney Filho, plans to review the government's 20bn real ($5.73bn) agreement with iron ore producer Samarco, which was signed by his predecessor, over damages caused by the failure of a tailings dam. The R20bn agreement
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    • NEWS | 17 May 17:58
    • Esan on track with new Turkish Mg plant
    • Rome, 17 May (Argus) — Turkish industrial group Eczacibasi Esan's new primary magnesium production plant is running well after commissioning in September last year, the plant's director, Ilhan Goknel, said. Eczacibasi Esan has made improvements at the magnesium refinery, where German an
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    • NEWS | 17 May 17:22
    • Noranda zinc sales up, production flat
    • Houston, 17 May (Argus) — Investment trust Noranda Income Fund, which has zinc processing operations in Canada, increased zinc metal sales while production stayed flat during the first quarter of 2016. Zinc production was in line with last year at 68,000t in the first quarter. Sales vo
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    • NEWS | 17 May 17:21
    • Russia's Norilsk to boost output
    • London, 17 May (Argus) — Russian nickel mining firm Norilsk Nickel plans to increase the amount of metal mined from its Talnakh deposit over the next decade to 18mn t/yr from 14.8mn t/yr now. Talnakh is one of the biggest nickel deposits in Russia and contains large reserves of platinum
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    • COMMENTARY | 17 May 16:11
    • US Co: Small volume demand drives prices higher
    • New York, 17 May (Argus) — US high-grade cobalt prices strengthened this week amid consistent small tonnage demand. High-grade cobalt (Co 99.8pc) prices increased to $11.00-11.75/lb this week from $11.00-11.50/lb a week earlier. The market reversed earlier losses during the last two we
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    • NEWS | 17 May 15:59
    • Canadian Zinc advances on Prairie Creek mine
    • Houston, 17 May (Argus) — Exploration and development company Canadian Zinc narrowed its losses in the first quarter from a year earlier as it progressed on bringing its Prairie Creek lead and zinc mine in the Northwest Territories towards production. Vancouver-based Canadian Zinc poste
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    • NEWS | 17 May 15:50
    • Court approves Ahmsa’s debt repayment plan
    • Court approves Ahmsa's debt repayment plan Houston, 17 May (Argus) — A Mexican court has approved a payment plan ending a 17-year suspension of payments by steelmaker Altos Hornos de México (Ahmsa). Ahmsa has agreed to pay noteholders of more than 16.2bn Mexican pesos ($938mn) worth of p
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    • ANALYSIS | 17 May 14:57
    • Analysis: Chinese steel mill profits slump
    • Singapore, 17 May (Argus) — Profit margins at Chinese steel mills have more than halved this month as steel prices fall sharply. Margins have fallen to 100-200 yuan/t ($15.35-30.70/t) from Yn300-600/t in early April across steel grades. Steel prices fell this month largely because of
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    • NEWS | 17 May 14:56
    • Canadian steel service center shipments drop
    • Houston, 17 May (Argus) — Canadian service center shipments of steel products excluding structural products fell by 4.9pc in April from the prior month, while months' supply of inventory rose to 3.4 months from 3 months. Service center steel shipments decreased to 372,800nt (338,198metr
    • Read more
    • NEWS | 17 May 14:50
    • US buyers join Baosteel move to halt trade probe
    • Houston, 17 May (Argus) — Six US buyers of steel products have joined China's second largest steel producer Baosteel in calling on the US International Trade Commission(ITC) to reject a Section 337 petition filed by US Steel alleging Chinese producers conspired to steel trade secrets, ci
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    • NEWS | 17 May 14:39
    • India’s IMFA reports higher FeCr exports in FY16
    • India's IMFA reports higher FeCr exports in FY16 Mumbai, 17 May (Argus) — Ferro-chrome producer Indian Metals and Ferro Alloys reported ferro-chrome exports of 170,685t in the financial year ended March 31 2016, up from 168,725t a year earlier. Ferro-chrome production in the financial ye
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    • NEWS | 17 May 14:39
    • White Rock exercises option over Alaska project
    • Johannesburg, 17 May (Argus) — Australian base and precious metals explorer White Rock Minerals has exercised its option to acquire the Red Mountain polymetallic project in central Alaska from US mineral exploration company Metallogeny. The exploration project includes the high-grade Dr
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    • NEWS | 17 May 14:30
    • Zambia parliament backs price-based Cu royalties
    • Johannesburg, 17 May (Argus) — Zambia's parliament has passed a new price-based royalty system for copper. Parliamentarians passed the new royalty system on 11 May, but it still has to be approved by President Edgar Lungu before it is signed into law. The new royalty regime is expected
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    • NEWS | 17 May 14:29
    • Australia's Empire ups Cu/Au resource at Yuinmery
    • Johannesburg, 17 May (Argus) — Australia-based copper and gold exploration firm ASX-listed Empire Resources has upgraded the indicated and inferred mineral resource at its Just Desserts prospect within its Yuinmery project in Western Australia. The Just Desserts mineral resource is now
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    • COMMENTARY | 17 May 14:05
    • US Minor Metals: Co, Cd rise on tight supply
    • New York, 17 May (Argus) — Cadmium and cobalt prices increased in the past week as tight supplies combined with small tonnage orders. Other markets including antimony, bismuth and indium remained stable amid low demand. Antimony Stable demand kept prices unchanged at $2.80-3/lb. US s
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    • NEWS | 17 May 13:17
    • China’s Mg imports rise as domestic output dips
    • China's Mg imports rise as domestic output dips Rome, 17 May (Argus) — China's dominant position as the world's largest magnesium producer still looks assured, although output, exports and domestic consumption fell last year, while imports rose sharply. Chinese primary magnesium output f
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    • NEWS | 17 May 11:43
    • India issues draft rules on mine lease transfers
    • Mumbai, 17 May (Argus) — India's mines ministry has issued draft rules on the procedure for transferring leases for captive mines that were not granted at auction, following recent legislative changes aimed at encouraging industry consolidation and enabling banks to liquidate stressed as
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    • NEWS | 17 May 11:07
    • China's Yunnan Hualian to develop Zn, In project
    • Beijing, 17 May (Argus) — Chinese state-owned Yunnan Hualian Zinc and Indium has started developing a project that will produce up to 60 t/yr of indium and 100,000 t/yr of zinc. The total investment will be around Yn2bn ($306mn). The company plans to complete the project in the middle
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    • NEWS | 17 May 11:07
    • China's Yunnan Hualian to develop Zn, In, project
    • Beijing, 17 May (Argus) — Chinese state-owned Yunnan Hualian Zinc and Indium has started developing a project that will produce up to 60 t/yr of indium and 100,000 t/yr of zinc. The total investment will be around Yn2bn ($306mn). The company plans to complete the project in the middle
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    • NEWS | 17 May 10:45
    • Chinese metal recycler Gem focuses on tungsten
    • Beijing, 17 May (Argus) — Green Eco-Manufacturer (Gem), a leading Chinese battery producer and metals recycler has strengthened its tungsten business by establishing a 2,000 t/yr (metal content) capacity for tungsten products including ammonium paratungstate (APT), tungsten carbide and c
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    • NEWS | 17 May 09:25
    • Mg use in Japan car sector 'depends' on recycling
    • Rome, 17 May (Argus) — Japan's magnesium industry expects a rise in use of the light metal in the vehicle manufacturing sector, but cautions that future growth will be dependent on improving recycling systems. Magnesium consumption in Japan was flat year on year at 43,500t in 2015, the
    • Read more
    • NEWS | 17 May 08:22
    • GWR acquires Australian tungsten project
    • Sao Paulo, 17 May (Argus) — Australian independent resource firm GWR Group plans to speed up exploration at the Hatches tungsten project in the Northern Territory state after acquiring it from Davenport Resources. GWR will pay A$500,000 ($364,315) plus 1.5pc in royalties for the site wh
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    • NEWS | 16 May 22:13
    • Noranda, Sherwin strike bauxite supply deal
    • Houston, 16 May (Argus) — Tennessee-based Noranda Bauxite Limited (NBL) and Texas-based Sherwin Alumina have reached a new bauxite supply agreement after a Missouri court ended a prior contract in April amid concerns that it would hamper bankruptcy proceedings. NBL is a subsidiary of No
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    • NEWS | 16 May 20:56
    • US raw steel output led lower by Great Lakes
    • Houston, 16 May (Argus) — US raw steel output fell by 1.2pc in the week ended 14 May from a week earlier, led by falling production in the Great Lakes region. Output decreased to 1.72mn net tons (1.56mn metric tonnes) from 1.75mn nt a week earlier, while capacity utilization fell to 73.
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    • COMMENTARY | 16 May 20:53
    • US zinc: Zinc premiums stable
    • Houston, 16 May (Argus) — US zinc premiums were unchanged this week amid steady inventory and expectations of a pickup in steel demand. The zinc premium held at 6.5-7.5¢/lb delivered, unchanged for a fourth consecutive week. The cash official zinc price on the London Metal Exchange set
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    • NEWS | 16 May 18:11
    • US aluminum service center shipments down
    • Houston, 16 May (Argus) — US service center shipments of aluminum products fell by 6.6pc in April from the prior month as inventories grew to 3 months of supply from 2.8 months. Shipments totaled 128,000net tons (116,120 metric tonnes) in April, down from 137,200nt in March, the Illinoi
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    • COMMENTARY | 16 May 17:36
    • Turkish scrap: Price drops to $300/t cfr Turkey
    • London, 16 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment fell by $10/t today to $300/t cfr Turkey, with mills unwilling to bid for scrap until conditions in the domestic rebar market become more clear. Stockists, particularly in Iskenderun, need to get ri
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    • COMMENTARY | 16 May 17:23
    • EU secondary aluminium: Prices mixed as LME falls
    • Houston, 16 May (Argus) — Higher-priced secondary aluminium ingot rose in European trade in the latest week as smelters battled to widen margin while lower-priced grades followed London Metal Exchange aluminium lower from its 2016 high reached in late April. In the UK, LM 6 and 25 price
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    • NEWS | 16 May 17:09
    • Canadian aluminum service center shipments fall
    • Houston, 16 May (Argus) — Canadian service center shipments of aluminum products, excluding extrusions, fell by 13pc in April from March as stocks grew to 3.3 months' worth of supply from 2.7 months. Shipments totaled 10,000net tons (9,071 metric tonnes) in April, compared with 11,500n
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    • NEWS | 16 May 16:52
    • Netherlands' Philips details lighting IPO
    • London, 16 May (Argus) — Dutch electronics group Philips has set the price for the initial public offering (IPO) of its lighting unit. The move comes after an attempted sale of Philips' lighting components business Lumileds to a Chinese-backed private equity fund fell through in January.
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    • NEWS | 16 May 16:19
    • Ukraine’s pig iron exports rise
    • Ukraine's pig iron exports rise Riga, 16 May (Argus) — Ukraine's pig iron exports were up on the year by 19.2pc at 698,001t in January–April, with Turkey and the US taking the largest shares, according to customs data from the country's fiscal service. In all, 29.7pc of January-April's t
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    • NEWS | 16 May 15:24
    • Sierra Gorda Cu mine expansion decision deferred
    • Sao Paulo, 16 May (Argus) — Poland-based mining firm KGHM, which controls the Sierra Gorda copper-molybdenum mine in Chile said low metals prices are preventing the company from taking a decision on whether to expand the project. Sierra Gorda began commercial copper production and ship
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    • COMMENTARY | 16 May 15:04
    • US FeCr: Rising offshore prices offset weak demand
    • New York, 16 May (Argus) — US high carbon ferro-chrome prices were range-bound this week as rising offshore prices offset thin domestic trading. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices held stable at 85-88¢/lb this week. Prices continued to hold flat for a second week, sho
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    • NEWS | 16 May 14:59
    • US steel service center shipments, stocks fall
    • Houston, 16 May (Argus) — US service center shipments of steel products fell by 2.6pc in April from March as inventory tonnage fell for a seventh month. Service center steel shipments totaled 3.25mn net tons (2.9mn metric tonnes) in April, compared with 3.33mn nt in March, the Illinois
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    • NEWS | 16 May 14:33
    • Lonmin ups PGM output, chromite sales lower
    • Johannesburg, 16 May (Argus) — World number three platinum producer South Africa-based mining firm Lonmin sharply increased output of platinum group metals (PGMs) in the six months to 31 March while its chromite sales dipped slightly because of lower prices. The company reported a big r
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    • NEWS | 16 May 14:10
    • Red River ups Zn resource in Queensland
    • London, 16 May (Argus) — Australian base metals explorer Red River Resources has announced a large increase in mineral resources, contained metal and grades at its Far West polymetallic deposit in central Queensland. The mineral resource at the deposit has risen by 42pc to 1.6mn t. Cont
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    • NEWS | 16 May 13:36
    • Magnesita's output falls in 'tough market'
    • Sao Paulo, 16 May (Argus) — Brazilian refractory metals producer Magnesita produced 232,000t of refractory products in January-March, down by 8.7pc from a year earlier, but 1.4pc higher than the previous quarter. Magnesita posted first-quarter profit of $22.7mn overturning a $9.3mn los
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    • NEWS | 16 May 12:41
    • India's MMTC tenders to export chrome ore
    • Mumbai, 16 May (Argus) — Indian state-controlled trading company MMTC will hold a tender for the export of 40,000t of 50-48pc chrome ore concentrate on 3 June. Bids will be valid for a period of ten days and the shipment period is 20-30 June. MMTC has not yet announced the results of
    • Read more
    • NEWS | 16 May 10:06
    • Chinese steelmakers cut SiMn tender prices
    • Beijing, 16 May (Argus) — China's largest steelmaker state-owned Hebei Iron and Steel Group (HBIS) has cut its silico-manganese alloy tender price for May delivery. HBIS has lowered its tender price for buying 65/17 grade silico-manganese to Yn5,300/t ($812/t), delivered and paid by acc
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    • NEWS | 16 May 09:10
    • China's Chaoyang Jinda raises Ti sponge production
    • Beijing, 16 May (Argus) — Chinese private-sector producer Chaoyang Jinda Titanium Industry has raised its monthly output of titanium sponge to a level close to its designed production capacity after an increase in orders from the defence and titanium mill products sectors. The company e
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    • NEWS | 16 May 08:33
    • China's largest molbydenum producers to cut output
    • Beijing, 16 May (Argus) — China's nine leading molybdenum producers have agreed to cut their output of molybdenum concentrate by 10pc this year. The size of the production loss is unclear, as many of the producers have not yet announced production targets for 2016. Last year China prod
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    • COMMENTARY | 13 May 23:13
    • Turkish scrap: Suppliers drop purchasing prices
    • London, 13 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment moved down $5/t to $310.0/t cfr Turkey on the back of indications given by market participants today. No firm bids or offers were made today in the deep-sea market, as was the case throughout this w
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    • ANALYSIS | 13 May 23:12
    • This Week in Metals: 9 May-13 May
    • Houston, 13 May (Argus) — Most base metals fell in the latest week as the dollar strengthened and China's moves to clamp down on speculation in futures of steel and other commodities pared recent gains on its exchanges. China's commodities exchanges have introduced measures to curb surg
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    • COMMENTARY | 13 May 20:01
    • Oil futures: Crude falls, snaps three-day gain
    • Houston, 13 May (Argus) — Crude futures fell, snapping three days of gains, as investor focus returned to elevated supply levels amid a restoration of exports to the US from Canada, and as the dollar rose. Nymex June WTI fell by 49¢/bl to $46.21/bl, after touching a 2016 high of $46.70
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    • COMMENTARY | 13 May 19:12
    • US stainless: Scrap follows LME drop
    • Houston, 13 May (Argus) — US stainless steel scrap fell after nickel prices on the London Metal Exchange dropped $375/t in the latest week and by nearly $1,000/t since the beginning of the month. Processor buying prices for type-304 (18-8) scrap solids traded at $1,030-1,080gross ton F
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    • COMMENTARY | 13 May 19:02
    • US aluminum scrap: zorba falls
    • Houston, 13 May (Argus) — US zorba export prices fell in the latest week while other aluminum scrap prices were mostly flat in the face of declines in exchange pricing. Zorba, 94pc metallic with 3-4pc red metal content, fell to 63-64¢/lb cif China in the latest week from 63-65¢/lb a wee
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    • COMMENTARY | 13 May 18:52
    • LME nickel, zinc, lead and tin lower
    • London, 13 May (Argus) — London Metal Exchange (LME) nickel, zinc, lead and tin were lower Friday as the dollar rose and stock markets fell, causing speculative investors to close out their long positions. Talk that Chinese commodity exchanges would start issuing margin calls triggered
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    • COMMENTARY | 13 May 18:47
    • LME copper and aluminium lower on dollar gains
    • London, 13 May (Argus) — London Metal Exchange (LME) copper declined to the lowest level since late February on a speculative sell-off prompted by the strengthening of the dollar and weaker equity markets. Aluminium was also lower on the week. Three-month copper futures traded at at $4,
    • Read more
    • COMMENTARY | 13 May 18:39
    • US secondary aluminum: Low copper alloys slip
    • Houston, 13 May (Argus) — Some secondary aluminum alloy prices fell this week as supply remained abundant. A380.1 remained under pressure, according to multiple traders, but prices stayed at 85-86¢/lb. 319.1 prices were also unchanged from last week at 89-91¢/lb. Low-copper aluminum al
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    • NEWS | 13 May 18:07
    • China steel prices unlikely to rise further: NDRC
    • Singapore, 13 May (Argus) — Steel prices are unlikely to make further gains as overcapacity will catch up with demand, according to China's main economic planning agency the NDRC. "No fundamental changes have occurred. Serious excess capacity in the steel sector has not changed, so it i
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    • COMMENTARY | 13 May 18:00
    • US metcoal: Prices rise on tighter supply
    • New York, 13 May (Argus) — Prices of US metallurgical coal for export rose this week as producers reported tighter supply and a new Brazilian steelmaker began production. Prices for US coking coal FOB Hampton Roads, Virginia, for delivery in the next 90 days rose for all Argus ' asses
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    • NEWS | 13 May 17:43
    • WEEK IN REVIEW: China focuses on infrastructure
    • London, 13 May (Argus) — The US experienced its biggest rise in retail sales for more than a year as higher car sales resulted in an increase in overall sales of 1.3pc in April. Car sales rose 3.2pc from a similar fall a month earlier. But building materials as a sector was a drag on sal
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    • NEWS | 13 May 16:56
    • Big River Steel to start mill in fourth quarter
    • Houston, 13 May (Argus) — Arkansas-based Big River Steel plans to begin output at its steel mill in the fourth quarter of this year, and said it will purchase a variety of metallics and ferrous scrap to meet its operational needs. "It is estimated the facility will require approximately
    • Read more
    • NEWS | 13 May 16:32
    • Alcoa taps Tragl to head engineered products group
    • Houston, 13 May (Argus) — US primary aluminum producer Alcoa has appointed transportation and construction solutions group president Karl Tragl to head engineered products and solutions, effective 16 May. Tragl will replace current engineered products and solutions president, Oliver Jar
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    • ANALYSIS | 13 May 16:31
    • OTDI: Metals shippers satisfied with performance
    • Washington, 13 May (Argus) — Metals shippers were generally satisfied with the on-time delivery performance and customer service of the Class I railroads in the first quarter, shippers told Argus . Argus asked shippers to rate the railroads on their delivery performance over the last
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    • NEWS | 13 May 16:18
    • Sierra Metals reduces copper, lead output
    • Houston, 13 May (Argus) — Toronto-based miner Sierra Metals reduced output of copper and lead while increasing production of zinc in the first quarter of 2016 from a year earlier. Copper production fell by 11pc to 5.8mn lbs from 6.5mn lbs in the year earlier period. Lead production fel
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    • COMMENTARY | 13 May 15:52
    • US Mn: Prices rangebound on fewer spot deliveries
    • New York, 13 May (Argus) — Prices for US high carbon ferro-manganese held rangebound for a second week amid gradually falling spot market demand. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices held flat between $810-850/gt this week, unchanged since a $10/gt rise 28 April. Betwee
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    • NEWS | 13 May 15:10
    • Taseko Mines boosts copper output
    • Houston, 13 May (Argus) — Vancouver-based producer Taseko Mines boosted copper concentrate output by 1.4pc in the first quarter from the same year earlier period and is holding to its output guidance for 2016. Taseko produced 28.8mn lbs of copper concentrate in the latest quarter compar
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    • NEWS | 13 May 14:25
    • ArcelorMittal Canada pellet facility wins grant
    • Houston, 13 May (Argus) — Luxembourg-based steelmaker ArcelorMittal has been awarded a grant from the government of Quebec that will fund a project targeting the reduction of conventional fuel usage at its pellet plant. The C$4.5mn ($3.5mn) grant will enable one of the furnaces at the
    • Read more
    • NEWS | 13 May 11:13
    • India's Vedanta invests in optimising resource use
    • Mumbai, 13 May (Argus) — Indian private-sector resource firm Vedanta, whose core business is the production of zinc and lead, has set up a 2bn rupee ($30mn) fund to augment in-house opportunities for research and development for the optimum utilization of resources and reduction of waste
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    • NEWS | 13 May 10:49
    • Colombia ferro-nickel exports slide in March
    • Sao Paulo, 13 May (Argus) — Colombia's ferro-nickel exports in March fell 34.1pc against the same month last year to 13,382t, official figures show. First quarter exports were down 13.6pc against the same period last year at 31,718t. In 2015 Colombia's ferro-nickel shipments fell 4.5pc
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    • NEWS | 13 May 10:42
    • Cancana, Ferrometals advance manganese projec
    • London, 13 May (Argus) — Canadian mining firm Cancana Resources and private Dutch mining group Ferrometals are advancing their manganese joint venture Brazil Manganese Corporation (BMC) in Brazil. In a statement Cancana said it will focus on multiple activities from the current quarter
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    • NEWS | 13 May 10:02
    • Indian Aequs gets Airbus A320neo Ti parts contract
    • Mumbai, 13 May (Argus) — Indian private-sector aerospace components maker Aequs has won a contract to supply 100,000 machined titanium parts for European aviation firm Airbus' A320neo aircraft. Under the terms of the agreement, the machined titanium parts will be delivered to the Airbus
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    • COMMENTARY | 13 May 02:32
    • US pig iron: Steel market volatility deters trade
    • London, 13 May (Argus) — Pig iron producers are attempting to push prices higher in the US on the back of stronger domestic scrap and hot rolled coil (HRC) prices. But downward pressure from the global steel market and a lower-than-expected domestic scrap price rise have caused BPI imp
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    • NEWS | 12 May 22:01
    • US secondary aluminum: down on softer LME
    • Houston, 12 May (Argus) — Smelter-grade aluminum scrap prices came under pressure as London Metal Exchange aluminum fell below $1,600/t this week. LME cash aluminum settled at $1,545/t Thursday, down from $1,601/t a week earlier, making higher grade scrap more affordable to consumers, w
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    • NEWS | 12 May 21:05
    • Strong dollar, volumes boost Magellan revenues
    • New York, 12 May (Argus) — Ontario-based aerospace manufacturer Magellan Aerospace posted a 16.6pc increase in first quarter revenues as a result of a stronger US dollar and higher sales volumes. Magellan increased first quarter revenues to C$266mn ($207mn) from $228mn a year earlier. T
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    • NEWS | 12 May 20:41
    • US Cr imports fall in February on stainless output
    • New York, 12 May (Argus) — Reported US consumption of chrome by content February fell by 2.5pc in February from a year earlier amid falling domestic stainless steel output. The US consumed 19,500t of chrome by weight in February, down from 20,000t the same month a year earlier, accordin
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    • COMMENTARY | 12 May 20:09
    • US metcoal: Prices rise on tighter supply
    • New York, 12 May (Argus) — Prices of US metallurgical coal for export rose this week as producers reported tighter supply and a new Brazilian steelmaker began production. Prices for US coking coal FOB Hampton Roads, Virginia, for delivery in the next 90 days rose for all Argus ' asses
    • Read more
    • COMMENTARY | 12 May 19:54
    • US stainless: Scrap prices hold firm
    • Houston, 12 May (Argus) — Stainless steel scrap prices held steady in Europe and east Asia in the latest week amid tight supply and steady demand in the face of falling exchange prices for nickel. Scrap solids traded at 47-48¢/lb for 304 (18-8) material in Rotterdam and Germany, unchang
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    • COMMENTARY | 12 May 19:46
    • Oil futures: Crude rises on Nigeria outage, demand
    • Houston, 12 May (Argus) — Crude futures rose, with WTI touching a 2016 high for a second day, amid expectations that supply disruptions in Nigeria and elsewhere and demand growth will soak up the oversupply. Nymex June WTI rose by 47¢/bl to $46.70/bl, gaining for a third straight day.
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    • NEWS | 12 May 19:43
    • US Mo: February output falls on mine closures
    • New York, 12 May (Argus) — Total US molybdenum concentrate production fell by 45.8pc in February from a year earlier on the closure of three byproduct molybdenum circuits at copper mines. Molybdenum production fell to 2,490t in February from 4,590t a year earlier, according to data from
    • Read more
    • NEWS | 12 May 17:44
    • Constellium aluminum shipments fall, loss narrows
    • Houston, 12 May (Argus) — Shipments of rolled aluminum producer Constellium fell by 5pc in the first quarter compared to a year earlier. First quarter shipments totaled 362,000 metric tonnes, down from 381,000t, as packaging and automotive rolled products volumes decreased by 8pc to 244
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    • NEWS | 12 May 17:32
    • Rusal invests $2mn in Boksitogorsk refinery
    • London, 12 May (Argus) — Russia's aluminium producer Rusal has started a $2mn modernisation programme of its Boksitogorsk Alumina Refinery aimed at increasing the output of corundum, an aluminium oxide which contains traces of titanium, vanadium and chromium. Corundum is used in the man
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    • NEWS | 12 May 17:29
    • ArcelorMittal USA cuts ferrous scrap use in 2015
    • Houston, 12 May (Argus) — ArcelorMittal USA reduced the use of ferrous scrap in its steelmaking process in 2015 to three-year lows, as the company's steel production fell to its lowest level since 2010. The US segment of the global steelmaker ArcelorMittal decreased its use of ferrous
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    • NEWS | 12 May 17:22
    • Daqo cuts polysilicon exports
    • London, 12 May (Argus) — China-based polysilicon and wafer producer Daqo New Energy said it will persist in cutting polysilicon shipments to third parties as in-house wafer production moves up and with its polysilicon operations running at full capacity. Polysilicon production accounts
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    • NEWS | 12 May 17:05
    • Global steel market prays for China stabilisation
    • London, 12 May (Argus) — China's steel market has been quiet today amid another slight correction of Tangshan billet and Shanghai hot rolled coils prices, and export prices for both billet and HRC remained broadly unchanged, with some suppliers increasing their offers slightly. Market
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    • NEWS | 12 May 16:24
    • Genesee & Wyoming April metal shipments decline
    • Genesee Wyoming April metal shipments decline New York, 12 May (Argus) — Shortline railroad company Genesee Wyoming shipped 9.9pc less metals, ores, and minerals across all segments in April compared with a year earlier, driven in large part by reduced shipments of Australian iron and
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    • COMMENTARY | 12 May 15:45
    • US FeTi: Oversupply limits stronger demand
    • New York, 12 May (Argus) — US ferro-titanium prices consolidated gains this week amid firm steel mill demand. US ferro-titanium (Ti 70pc) prices held stable at $1.60-1.75/lb, flat after a 5¢/lb increase a week earlier. Consistent demand for the alloy, coupled with stronger offshore leve
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    • NEWS | 12 May 15:45
    • Canada RE explorer Tasman may merge with Flinders
    • London, 12 May (Argus) — Rare earth exploration company Tasman Metals has reached an agreement in principle with Canadian graphite mining and processing company Flinders Resources to merge their businesses into a single entity to be called Kinetic Materials. Under the terms of the initi
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    • COMMENTARY | 12 May 14:21
    • US ferro-alloys: Supply drives FeV, FeMo prices up
    • New York, 12 May (Argus) — Noble alloys, ferro-vanadium and ferro-molybdenum, continued to rally this week, boosted by cuts to global production. Meanwhile, bulk alloy prices held unchanged, balancing greater supply of manganese alloys and ferro-silicon with stable steel mill demand. F
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    • NEWS | 12 May 12:11
    • Collahuasi, Teck agree Chile collaboration
    • Sao Paulo, 12 May (Argus) — Chilean copper miner Collahuasi has signed a technical partnership agreement with Canada's Teck Resources aimed at improving operations and coordination between the companies. Teck operates the neighbouring Quebrada Blanca mine in Chile's far north. Company
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    • NEWS | 12 May 12:06
    • Brazil ferro-alloys exports rise sharply in April
    • Sao Paulo, 12 May (Argus) — Brazilian ferro-alloys exports rose 69.3pc in April to 43,503t, according to official figures. Ferro-alloys producers and suppliers have been targeting markets overseas in the face of the worst recession in decades in Brazil. Exports of ferro-alloys in the
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    • ANALYSIS | 12 May 11:29
    • Cobalt prices rise as market mulls Tenke sale
    • London, 12 May (Argus) — Growing demand for cobalt from the battery sector, and news of the sale of the Tenke Fungurume copper-cobalt mine in the Democratic Republic of Congo (DRC), lifted prices this week. News of the $2.65bn sale of Freeport McMoRan's 56pc interest in its copper-cobal
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    • NEWS | 12 May 10:46
    • India to open up ore exploration to foreign firms
    • Mumbai, 12 May (Argus) — India aims to increase the production of minerals, including metallic ores, by inviting private-sector and foreign companies to participate in exploration projects. India needs to carry out more exploration of mineral deposits to increase its mineable resources
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    • NEWS | 12 May 09:39
    • China’s new energy vehicle output rises in April
    • China's new energy vehicle output rises in April Beijing, 12 May (Argus) — Chinese new energy vehicle output totalled 31,266 units in April, a rise of 178pc from a year earlier and up by 26.3pc from March. The Chinese government has been promoting the development of new energy vehicles
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    • NEWS | 12 May 08:46
    • India returns rebate on Fe-alloy exports to UK, US
    • Mumbai, 12 May (Argus) — India has reinstated a tax rebate on ferro-alloys exported to a group of countries including the UK and US at 2pc, effective 4 May. Under its new trade policy, in April 2015 India cancelled the export tax rebate for ferro-alloys including ferro-manganese, ferro-
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    • NEWS | 11 May 21:45
    • US to continue FeV trade case against South Korea
    • New York, 11 May (Argus) — The US International Trade Commission (ITC) unanimously voted to continue anti-dumping investigations into ferro-vanadium imports from South Korea this week. The ITC determined there is reasonable indication that US industries have been materially injured by i
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    • COMMENTARY | 11 May 21:11
    • US copper: Cathode premiums fall
    • Houston, 11 May (Argus) — US copper cathode premiums dropped by 1¢/lb this week as additional metal became available and demand for material was not as strong as the prior week. Cathode grade A premiums were at 5.5–6.5¢/lb delivered midwest consumer, down from 6.5-7.5¢/lb a week earlier
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    • COMMENTARY | 11 May 20:57
    • US copper scrap: Bare bright spreads flat
    • Houston, 11 May (Argus) — No. 1 bare bright copper scrap spreads were unchanged in the latest week as flows into yards remained restricted. Consumer buying price spreads for No. 1 bare bright were at 2¢/lb over July comex to 1¢/lb under this week for a third consecutive week. Sellers r
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    • COMMENTARY | 11 May 20:50
    • Turkish Scrap: More talks, still no deals
    • London, 11 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment moved down $5/t to $320.0/t on sellers' indications of their offers being not being higher than this level when the next wave of formal deep-sea offers hits the market. "There isn't really much chan
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    • NEWS | 11 May 20:09
    • US aluminum scrap: UBC spreads steady
    • Houston, 11 May (Argus) — Used aluminum beverage cans (UBC) spreads were little changed this week as consumers continued to benefit from orders booked during a mid-April London Metal Exchange rally that temporarily boosted flows. UBC prices fell to 61-62¢/lb from 63-63.5¢/lb as LME cash
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    • COMMENTARY | 11 May 20:00
    • US aluminum: Premium stalls in quiet market
    • Houston, 11 May (Argus) — The midwest premium for primary aluminum was unchanged this week as the buoying effect of a contango was negated by weak demand for spot metal. The premium remained at 8-8.25¢/lb while London Metal Exchange cash aluminum settled at $1,611/t (70¢/lb) Wednesday,
    • Read more
    • COMMENTARY | 11 May 19:49
    • Oil futures: WTI at 2016 high on US crude draw
    • Houston, 11 May (Argus) — US benchmark WTI futures touched a 2016 high today as crude stocks posted their first fall since 1 April amid higher refinery runs and lower output. Nymex June WTI rose by $1.57/bl to $46.23/bl, gaining for a second day. It has closed above the $46/bl mark onl
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    • NEWS | 11 May 19:43
    • US brass mill imports fall in quarter
    • Houston, 11 May (Argus) — US imports of brass mill products fell by 12pc in the first quarter from a year earlier. Imports fell to 108mn lbs in the first three months of the year compared with 122mn lbs in the same period a year earlier, according to the Copper and Brass Fabricators Cou
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    • COMMENTARY | 11 May 18:57
    • US In, Se prices flat as consumers rely on stocks
    • New York, 11 May (Argus) — US indium prices were flat this week amid no change in supply or spot market demand. Indium ingot (In 99.99pc) prices held stable at $220-250/kg this week, rangebound for three weeks. Prices declined 22 April by $20/kg to mid-February lows after a push by Chin
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    • COMMENTARY | 11 May 17:53
    • Aluminium premiums: Mixed moves as regions deviate
    • Houston, 11 May (Argus) — Aluminium premiums were mixed in European trade in the latest week amid steady trading and continued oversupply. The premium for P1020 duty unpaid fell to $75-85/t in-warehouse Rotterdam, down from $80-85/t a week earlier, while duty paid premiums held unchange
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    • NEWS | 11 May 17:51
    • Brazil's BTG spins off trading arm
    • London, 11 May (Argus) — Brazilian bank BTG Pactual has spun off its commodities trading arm in a $1.6bn deal led by Ricardo Leiman, the former chief executive of Hong-Kong based commodities trading firm Noble who joined BTG to run its commodities desk. The deal closed on 9 May. The new
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    • NEWS | 11 May 17:50
    • Pace Industries plans multi-million dollar upgrade
    • Houston, 11 May (Argus) — Arkansas-based aluminum die caster Pace Industries will spend $6.3mn to expand its Product Tech Division facility in Maple Lake, Minnesota, according to state documents. Minnesota's Department of Employment and Economic Development has pledged to support the de
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    • COMMENTARY | 11 May 17:43
    • EU aluminium: Premiums mixed
    • Houston, 11 May (Argus) — Aluminium premiums were mixed in European trade in the latest week amid steady trading and continued oversupply. The premium for P1020 duty unpaid fell to $75-85/t in-warehouse Rotterdam, down from $80-85/t a week earlier, while duty paid premiums held unchange
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    • NEWS | 11 May 15:53
    • US steel exports fall in the first quarter of 2016
    • Houston, 11 May (Argus) — US steel exports fell by 13.5pc in the first quarter of 2016 compared to the same quarter a year earlier amid weakness in the Canadian economy and a strong dollar relative to other currencies. US steel exports fell to 2.34mn net tons (2.12mn metric tonnes) in
    • Read more
    • NEWS | 11 May 14:34
    • US Co: Metal and salt offset less oxide in 2015
    • New York, 11 May (Argus) — US consumption of cobalt materials during 2015 was mostly unchanged from a year earlier as imports of cobalt metal and salts outpaced oxides. The US consumed 8,580t of cobalt during 2015, little changed from 8,560t in 2014, according to data from the US Geolog
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    • NEWS | 11 May 14:16
    • Real Industry sales volumes inch up
    • Houston, 11 May (Argus) — California-based aluminum alloy producer Real Industry increased sales volumes by less than half of a percentage point in the first quarter of 2016 compared to the previous quarter. Real Alloy Europe and Real Alloy North America invoiced a combined 292,900t of
    • Read more
    • NEWS | 11 May 12:26
    • India's Nalco looks at RE extraction from red mud
    • Mumbai, 11 May (Argus) — Indian state-controlled metal and mining company National Aluminium (Nalco) is investigating the extraction of rare earths from red mud (bauxite) waste. Nalco has signed an initial co-operation agreement with Indian state-controlled Bhabha Atomic Research Centr
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    • NEWS | 11 May 11:51
    • Jiangxi Copper in maintenance Se, Te output stable
    • Beijing, 11 May (Argus) — China's largest copper producer Shanghai-listed Jiangxi Copper started maintenance last week, which will last until the end of May, reducing copper output to 69,000t from 82,000t in April. Jiangxi Copper scheduled maintenance earlier than usual this year to he
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    • NEWS | 11 May 11:03
    • Venturex ups Sulphur Springs Cu resource
    • Johannesburg, 11 May (Argus) — Perth-based Paynes Find Gold has become the latest Australian mining company to enter into the growing lithium market through an agreement to acquire a project in Austria. The company said it has entered into a conditional binding agreement to acquire 100p
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    • NEWS | 11 May 10:50
    • China reforms tax regime for nickel ore
    • Beijing, 11 May (Argus) — China will scrap the fixed-rate taxes applied to various grades of nickel ore on 1 July and replace them with a new resource tax based on 2-6pc of the market price. The move has been widely welcomed by the domestic nickel industry. The existing tax regime for n
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    • NEWS | 11 May 10:41
    • Vale, Hydro talks on Brazil bauxite stake end
    • Sao Paulo, 11 May (Argus) — Brazilian mining giant Vale has said negotiations with Norway's Norsk Hydro for the acquisition of Vale's 40pc stake in Brazilian bauxite producer Mineração Rio do Norte (MRN) have ended without agreement. The two companies signed a letter of Intent (LoI) wi
    • Read more
    • COMMENTARY | 10 May 22:28
    • Turkish scrap: Mills still not ready to bid
    • London, 10 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment slid $5/t to $325.0/t cfr Turkey on indications of the offer level for premium HMS 1/2 80:20 for June shipment. Turkish mills are still to bid as they wait for the Turkish domestic rebar market to
    • Read more
    • NEWS | 10 May 20:57
    • Lock closure will add delays to Gulf shipments
    • Washington, 10 May (Argus) — Barges hauling commodities along the Gulf Intracoastal Waterway this summer will face significant and costly delays because of a lengthy lock maintenance project. Barges that traditionally transport fertilizer, coal, crude and other products will be barred f
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    • NEWS | 10 May 20:48
    • US aluminum scrap: Mixed market amid LME drop
    • Houston, 10 May (Argus) — Mill-grade aluminum scrap spread movements varied for different grades this week as London Metal Exchange aluminum continued to fall for a sixth successive trading day. LME cash aluminum settled at $1,542.50/t (69¢/lb) Tuesday, down from $1,629/t (73¢/lb) a wee
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    • COMMENTARY | 10 May 20:01
    • EU copper: Cathodes prices steady
    • Houston, 10 May (Argus) — Copper cathode premiums remained unchanged in European trade amid oversupply this week as speculative profit-taking pushed London Metal Exchange copper prices sharply lower. Grade A copper cathode premiums traded at $50-60/t in-warehouse Rotterdam, unchanged fr
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    • COMMENTARY | 10 May 19:29
    • Oil futures: Crude up as EIA raises price forecast
    • Houston, 10 May (Argus) — Crude futures rose as the US Energy Information Administration (EIA) raised its oil price forecast for this year and next amid expectations of rising demand. Nymex June WTI settled up by $1.22/bl to $44.66/bl, recouping all of the previous session's losses. Ic
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    • NEWS | 10 May 19:29
    • US producers seek retroactive stainless duties
    • Houston, 10 May (Argus) — US stainless steel producers asked the Commerce Department to consider imposing retroactive duties for imports of stainless steel sheet and strip from China because they allege they are being "rushed" into the country in an effort to avoid potential duties. AK
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    • COMMENTARY | 10 May 18:14
    • US FeSi: Imports offset firm steel demand
    • New York, 10 May (Argus) — US ferro-silicon prices held stable this week as firm steel mill demand offset availability of Brazilian origin imports. Ferro-silicon (Si 75pc) prices held flat this week between 70-72¢/lb, unchanged since 21 April. Prices consolidated earlier gains and have
    • Read more
    • NEWS | 10 May 17:50
    • US tin consumption rises, imports down
    • Houston, 10 May (Argus) — US consumption of tin edged up in 2015, as exports and imports of tin both fell as global prices weakened. US consumption of primary tin totaled 23,700t last year, up by 1.7pc from 23,300t in 2014, according to the US Geological Survey. Consumption of secondary
    • Read more
    • NEWS | 10 May 17:24
    • Novelis boosts auto sheet output in 2016
    • Houston, 10 May (Argus) — Atlanta-based flat-rolled aluminum producer Novelis increased shipments by 1.6pc during fiscal 2016, as volumes were boosted by steady demand from the automotive and beverage can sectors. The company shipped 3.1mn metric tonnes of flat-rolled products in the ye
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    • NEWS | 10 May 16:12
    • India's April crude steel output weaker
    • Singapore, 10 May (Argus) — India's crude steel output in April dropped by 8.1pc from a month earlier to 7.4mn t. Output was also down by 1.3pc on a year-on-year basis, according to steel ministry data. The drop against a month earlier was a result of integrated producers Steel Authorit
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    • COMMENTARY | 10 May 16:00
    • Europe Mg: Market open to falls on low demand
    • London, 10 May (Argus) — European spot magnesium market is open to losses in coming weeks as consumer demand is low and higher offer prices are being rejected this month. Traders in Europe said consumers have turned down offer prices of $2,200/t on a delivered basis this week, adding tha
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    • COMMENTARY | 10 May 15:46
    • LME minors: Moly tracks gains in physicals
    • London, 10 May (Argus) — London Metal Exchange (LME) molybdenum has risen 7pc in the past week after a lifting nearly 10pc the previous week on firm fundamentals in the physical market. LME molybdenum settled at a cash price of $14,250/14,750/t, from $13,100/13,600/t on 9 May. LME molyb
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    • COMMENTARY | 10 May 15:25
    • US Co: Near-term tightness boosts prices
    • New York, 10 May (Argus) — US high-grade cobalt prices rebounded this week as offshore producers withheld near-term supply. High-grade cobalt (Co 99.8pc) prices rose to $11.00-11.50/lb this week from $10.80-11.15/lb a week earlier. Limited spot market demand and stable supply precipita
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    • COMMENTARY | 10 May 15:19
    • US Minor Metals: Offshore supply drives Cd prices
    • New York, 10 May (Argus) — Cadmium and bismuth prices strengthened in the past week on tighter offshore supply, while the tellurium and antimony markets consolidated recent gains. Antimony Prices held flat at $2.80-3/lb, consolidating gains made in the previous three weeks as the mar
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    • NEWS | 10 May 15:16
    • Canada Rare Earth to buy 60pc of Laos refinery
    • London, 10 May (Argus) — British Columbia-based mining firm, Canada Rare Earth will purchase a 60pc stake in a rare earth separation refinery in Laos. Canada Rare Earth has agreed to acquire 60pc of the issued and outstanding shares of LaosCo, the owners of a specialised refinery capabl
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    • NEWS | 10 May 15:11
    • Nucor’s Vulcraft/Verco expands into Canada
    • Nucor's Vulcraft/Verco expands into Canada Houston, 10 May (Argus) — US steelmaker Nucor's Vulcraft/Verco group will expand into Canada with a steel fabrication facility slated to begin production later this year. The facility, located in Hamilton, Ontario, will operate as Vulcraft Cana
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    • NEWS | 10 May 14:28
    • US steel mill shipments fall in first quarter 2016
    • Houston, 10 May (Argus) — US steel mill shipments fell by 2.8pc in the first quarter of 2016 compared to a year earlier Shipments decreased to 21.3mn net tons (19.3mn metric tonnes) in the latest quarter from 22mn a year earlier, the American Iron and Steel Institute said late yesterday
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    • NEWS | 10 May 12:19
    • Update: India promotes use of renewable power
    • Adds commissioned solar power plants Mumbai, 10 May (Argus) — India's government is implementing a range of programmes to promote the development of renewable power to reach its goal of renewable capacity of 175GW by 2022 from around 43GW currently. The 175GW renewables target, inclu
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    • NEWS | 10 May 11:56
    • India promotes development of renewable power
    • Mumbai, 10 May (Argus) — India's government is implementing a range of programmes to promote the development of renewable power to reach its goal of renewable capacity of 175GW by 2022 from around 43GW currently. The 175GW renewables capacity target, includes 100GW from solar, 60GW from
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    • NEWS | 10 May 11:52
    • Eramet to finance SLN until end of June
    • London, 10 May (Argus) — French metals producer Eramet has agreed to temporarily finance its struggling majority-owned New Caledonian subsidiary Societe Le Nickel (SLN) until June when a stringent cost cutting regime will be put in place. SLN is 56pc owned by Eramet and operates nickel
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    • ANALYSIS | 10 May 11:47
    • Australian companies in global search for lithium
    • Johannesburg, 10 May (Argus) — Australian mining companies are increasing their search for lithium in Australia and as far afield as Canada, South Korea, Brazil, the Czech Republic, Argentina, Mali and Tanzania. This rise in lithium exploration is being driven by growing demand for the m
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    • NEWS | 10 May 11:26
    • China Fengzhen Tongsheng Alloys halts CaSi output
    • Beijing, 10 May (Argus) — China's Fengzhen Tongsheng Alloys, one of the largest producers in Inner Mongolia, has stopped producing calcium silicon because of low demand from stainless steel mills and producers of cored wire. The company does not expect demand to improve in the near term
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    • NEWS | 10 May 11:01
    • Ferro alloy units Jindal Industrial Park restart
    • Mumbai, 10 May (Argus) — Three alloy units that produce ferro-chrome, ferro-silicon and silico-manganese at Jindal Industrial Park in Raigarh in the central Indian state of Chattisgarh have restarted production following the resumption of power supplies. Power supplies were cut on 1 Apr
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    • NEWS | 10 May 10:26
    • Macphersons flags high grade Ag/Zn at Nimbus
    • Johannesburg, 10 May (Argus) — West Australian precious and base metals explorer Macphersons Resources has identified a high grade resource within its Nimbus silver/zinc project at Kalgoorlie. The company said revised modelling at the project has led to the identification of a high grad
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    • ANALYSIS | 10 May 09:22
    • China cuts power tariffs for Yunnan Si producers
    • Beijing, 10 May (Argus) — Local authorities in Dehong area in southwestern China's Yunnan province have lowered electricity tariffs for May to support local silicon producers which have been forced to cut or halt output because of low demand, particularly from aluminium smelters. Dehong
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    • NEWS | 09 May 22:43
    • Kobe Steel to produce aluminum extrusions in US
    • Houston, 9 May (Argus) — Tokyo-based Kobe Steel will enter the US aluminum extrusion market with the formation of a new, wholly-owned subsidiary, Kobelco Aluminum Products and Extrusions. The company will manufacture extruded products, such as bumpers, for the US auto market and will be
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    • COMMENTARY | 09 May 19:50
    • US FeCr: Prices balance on tighter offshore supply
    • New York, 9 May (Argus) — US high carbon ferro-chrome prices were flat this week, balanced by rising offshore markets, tighter raw material supplies and stable domestic demand. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices held flat at 85-88¢/lb this week. Prices have stabilized
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    • NEWS | 09 May 19:43
    • US raw steel output increases for second week
    • Houston, 9 May (Argus) — US raw steel output increased for a second successive week, up by 2.2pc in the week ended 7 May from a week earlier, as production increased in every region except the northeast. Output rose to 1.75mn net tons (1.59mn metric tonnes) from 1.68mn nt a week earlie
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    • COMMENTARY | 09 May 19:42
    • US zinc: Premiums flat on soft demand
    • Houston, 9 May (Argus) — The US zinc premium was unchanged at 6.5-7.5¢/lb delivered in the latest week as demand for brass alloys and galvanized steel remains tepid. Limited domestic galvanized steel production has weighed on demand for zinc. Exports of lower-cost steel from China and
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    • COMMENTARY | 09 May 19:33
    • Oil futures: Crude falls as Opec output rises
    • Houston, 9 May (Argus) — Crude futures fell as Opec output rose to a four-year high and as Saudi Arabia's new energy minister said the country will continue to defend its market share. Nymex June WTI settled lower by $1.22/bl to $43.44/bl. Ice July Brent fell by $1.74/bl to $43.63/bl.
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    • NEWS | 09 May 18:25
    • US to expedite Chinese Mg trade case review
    • New York, 9 May (Argus) — The US International Trade Commission (ITC) plans to expedite its five-year review of antidumping duties against imports of Chinese magnesium. As a result, the ITC does not expect to hold hearings or conduct a further investigation and plans to draw on existing
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    • COMMENTARY | 09 May 18:09
    • Turkish scrap: Market under pressure from China
    • London, 9 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment remained unchanged at $330.0/t cfr Turkey on the back of no bids or offers for deep-sea cargoes today. Two Baltic suppliers were confirmed to have cargoes for end of May/beginning of June shipment, b
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    • COMMENTARY | 09 May 17:20
    • EU secondary aluminium: Ingot prices strengthen
    • Houston, 9 May (Argus) — Secondary aluminium ingot prices rose for three alloys in the latest week as European ingot producers sought to boost margins in the face of recent 2016 highs for aluminium on the London Metal Exchange (LME). The automotive sector continues to be the main consum
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    • NEWS | 09 May 16:58
    • Irepas warns on ‘too good to be true’ steel prices
    • Irepas warns on ‘too good to be true' steel prices London, 9 May (Argus) — The International Rebar Producers and Exporters Association (Irepas) forecasts stable market conditions this month, although "the situation may be considered too good to be true" in the medium to long term, it said
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    • NEWS | 09 May 16:56
    • Chinese steel price falls paralyse export market
    • London, 9 May (Argus) — The Tangshan billet price dropped by Yn200/t today ($30.70/t) after a Yn110/t drop over the weekend, shaving Yn310/t off the price of billet since Friday to Yn1,920/t ($294.70/t) ex-works for 150mm Q235 grade billet. This pushed potential export billet offers down
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    • NEWS | 09 May 16:38
    • Synalloy sales fall amid weak nickel, oil prices
    • New York, 9 May (Argus) — Virginia-based chemicals and metals producer Synalloy posted a 29.7pc decline in first quarter revenues as a result of continued weakness in oil and gas markets and falling metals prices, and it expects weakness to persist for its metals segment. Synalloy's fir
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    • NEWS | 09 May 16:33
    • Freeport agrees Tenke Fungurume sale in $3bn deals
    • Sao Paulo, 9 May (Argus) — Freeport-McMoRan has signed a definitive agreement to sell its stake in TF Holdings to China Molybdenum for $2.65bn in cash as part of a $10bn debt cutting drive. TF Holdings is a Bermuda-based holding company that indirectly owns a 80pc interest in Tenke Fung
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    • NEWS | 09 May 15:32
    • Blast knocks Ohio electric arc furnace offline
    • Houston, 9 May (Argus) — An explosion at North Star BlueScope's Ohio mill is expected to impact steel production at the facility. A refractory failure allowed a wash-out of molten steel from the south EAF (electric arc furnace) shell, resulting in a fire and an explosion, the company sa
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    • NEWS | 09 May 14:12
    • PT Timah's tin output down 40pc in 1Q
    • London, 9 May (Argus) — Indonesia's state-controlled tin producer PT Timah produced almost 50pc less tin-in-concentrate in the first quarter of 2016 and 40pc less refined tin but increased its total sales by 8pc to 5,730t. The increase came as the company sold both new material and tin f
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    • NEWS | 09 May 13:43
    • Peru zinc production down in March
    • Sao Paulo, 9 May (Argus) — Zinc concentrate production in Peru fell 5.7pc in March compared with the same month a year earlier to 110,861t, the country's mining ministry said. Several of the country's mines experienced double digit percentage declines in output in March compared with a
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    • NEWS | 09 May 13:29
    • Peru molybdenum output rises sharply in March
    • Sao Paulo, 9 May (Argus) — Molybdenum production in Peru increased 25.7pc in March compared with the same month a year earlier to 2,295t, data from the country's mining ministry showed. The ministry publishes figures to the nearest tonne. Output rose 45.4pc against February. Southern
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    • NEWS | 09 May 13:25
    • Ferbasa 1Q output down as exports boosts sales
    • Sao Paulo, 9 May (Argus) — Leading Brazilian ferro-chrome producer Ferbasa experienced contrasting fortunes in the first quarter of 2016 as production fell while sales rose helped by a sharp increase in exports. As the company continued to adapt to a new deal with northeast regional uti
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    • NEWS | 09 May 13:01
    • Bushveld agrees terms for vanadium purchase
    • London, 9 May (Argus) — Diversified mining group Bushveld Minerals has conditionally agreed to purchase international miner Evraz's 78.8pc holding in Strategic Minerals Corporation which owns the Vametco vanadium mine and plant at Brits in South Africa's North West province. The agreeme
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    • NEWS | 09 May 13:01
    • Bushveld agreems terms for vanadium purchase
    • London, 9 May (Argus) — Diversified mining group Bushveld Minerals has conditionally agreed to purchase international miner Evraz's 78.8pc holding in Strategic Minerals Corporation which owns the Vametco vanadium mine and plant at Brits in South Africa's North West province. The agreeme
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    • NEWS | 09 May 12:56
    • Rusal plant raises gallium production
    • London, 9 May (Argus) — Rusal's Nikolaev Alumina Refinery in Ukraine increased its by-product gallium production in the first quarter, with higher than average monthly production in March. The alumina refinery produced 900kg of gallium metal in March, up from 860kg in February, the comp
    • Read more
    • NEWS | 09 May 11:55
    • China's Ganzhou issues RE guide prices for 1H May
    • Beijing, 9 May (Argus) — China's Ganzhou Rare Earth Association has issued guide prices for ion-absorption rare earth (RE) concentrate, after a break of over three months. It has left prices unchanged on the second half of January across the board, in response to a recent slight recove
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    • NEWS | 09 May 11:07
    • China electronic metal prices to fall more: CNIA
    • Beijing, 9 May (Argus) — Prices for Chinese electronic metals fell last year and are likely to fall further in 2016, amid slower Chinese economic growth and oversupply, China Nonferrous Metal Industry Association (CNIA) secretary-general Feng Juncong told delegates at the 2016 New Energy
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    • NEWS | 09 May 10:45
    • China Minmetals restarts tungsten guide prices
    • Beijing, 9 May (Argus) — State-owned China Minmetals resumed issuing guide prices for tungsten in May, after a break of six months. Minmetals has set its guide prices for wolframite (iron manganese tungstate mineral) and scheelite (calcium tungstate mineral) at 78,000yuan/t ($185/mtu) a
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    • NEWS | 09 May 10:45
    • China Minmetals restarts Tungusten guide prices
    • Beijing, 9 May (Argus) — State-owned China Minmetals resumed issuing guide prices for tungsten in May, after a break of six months. Minmetals has set its guide prices for wolframite (iron manganese tungstate mineral) and scheelite (calcium tungstate mineral) at 78,000yuan/t ($185/mtu) a
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    • NEWS | 09 May 09:54
    • China rare earth exports rise in April
    • Beijing, 9 May (Argus) — China exported 3,696t of rare earths in April, up by 47.5pc from 2,506t a year earlier, official customs data show. Export revenues totalled Yn145mn ($22mn), a drop of 24pc year on year and average export prices fell by 48pc year on year to Yn39,231/t, amid ampl
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    • COMMENTARY | 07 May 00:22
    • Southeast ferrous scrap settles above US average
    • Houston, 7 May (Argus) — Ferrous scrap prices for May deliveries increased by $15-30/gross ton in the midwest and $25-35/gt in the southeast with shredded scrap being the weakest grade in both regions. The southeastern markets had an active trading today with a majority of the market wr
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    • COMMENTARY | 06 May 21:55
    • US Mn: Steel mill demand offsets rising output
    • New York, 6 May (Argus) — Prices for US high carbon ferro-manganese consolidated earlier gains this week amid stable steel mill demand. High-carbon ferro-manganese (Mn 80pc, C 6-8pc) prices held between $810-850/gt, stable after a $10/gt increase a week earlier. Tight supply of manganes
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    • NEWS | 06 May 21:49
    • New supply boosts Peru's quarterly copper output
    • Sao Paulo, 6 May (Argus) — The onset of new copper concentrate production in Peru contributed to a 51pc increase in output in the first quarter of 2016, the country's mining ministry said. Production totalled 514,494t, helped by new output at Las Bambas, Constancia and Toromocho, as wel
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    • ANALYSIS | 06 May 21:44
    • This Week in Metals: 2-6 May
    • Houston, 6 May (Argus) — Gains in some markets in the last week of April, helped by a weaker US dollar, were followed by stabilization and some profit-taking in the first week of May. Mixed sentiment prevails in base metals markets, closely linked to economic uncertainty. Moves by China
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    • NEWS | 06 May 21:15
    • Cast aluminum industry cautious on US auto
    • Houston, 6 May (Argus) — Aluminum industry participants have raised doubts about the pace of US automotive production this year as speculation mounts that domestic sales and output are at or near their peaks. The seasonally adjusted annual rate of light vehicle sales hit a multi-year hi
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    • COMMENTARY | 06 May 20:49
    • US secondary aluminum: A380.1 alloy prices decline
    • Houston, 6 May (Argus) — Secondary aluminum alloy prices are under pressure after A380.1 prices slipped amid thin trading and abundant supply. A380.1 prices fell to 85-86¢/lb from 86-87¢/lb a week earlier, on sparse spot trading. Other alloy prices were unchanged this week but are exp
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    • COMMENTARY | 06 May 20:34
    • Oil futures: Crude closes down after choppy week
    • Corrects trading range for WTI for the week. Houston, 6 May (Argus) — Crude prices fell over a volatile week marked by supply disruptions amid the ongoing glut. Nymex June light, sweet crude futures today settled 3pc lower than they closed out last week, and Ice July Brent settled 8
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    • COMMENTARY | 06 May 19:55
    • Aluminium scrap: Zorba prices drop, others steady
    • Houston, 6 May (Argus) — US zorba export prices fell while trading on other aluminum scrap grades continued at unchanged pricing amid a decline in exchange prices this week. The price of zorba, 94pc metallic with 3-4pc red metal content, fell to 63-65¢/lb from 64-65¢/lb cif China. Large
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    • COMMENTARY | 06 May 19:30
    • Oil futures: Crude closes down after choppy week
    • Houston, 6 May (Argus) — Crude prices fell over a volatile week marked by supply disruptions amid the ongoing glut. Nymex June light, sweet crude futures today settled 3pc lower than they closed out last week, and Ice July Brent settled 8pc lower. Nymex June WTI settled higher by 34¢/
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    • COMMENTARY | 06 May 18:54
    • Turkish Scrap: Mills continue to resist offers
    • London, 6 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey steel scrap assessment remained unchanged at $330/t cfr Turkey today, as mills held back from the market despite negotiations being initiated. One US supplier began discussions with several Turkish mills today, then withd
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    • NEWS | 06 May 18:50
    • LME copper, aluminium lower on profit taking
    • London, 6 May (Argus) — London Metal Exchange (LME) copper and aluminium traded lower on speculative profit taking following last week's price increases. LME copper traded at $4,790/t Friday, down from $5,034/t a week ago, with volumes exceeding 20,000 lots towards the end of the week.
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    • NEWS | 06 May 18:38
    • WEEK IN REVIEW: Markets take stock
    • London, 6 May (Argus) — A rise in some markets in the last week of April, helped by a lower dollar rate, was followed by stabilisation and some profit-taking in the first week of May. With fewer trading days sandwiched between regional holidays at the beginning and end of this week, the
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    • NEWS | 06 May 18:12
    • ArcelorMittal iron ore, met coal output falls
    • London, 6 May (Argus) — Luxembourg-based steelmaker ArcelorMittal's first-quarter production volumes fell. ArcelorMittal produced 14.1mn t iron ore in the three months to the end of March, down by 10pc from the same period last year and 9pc below the preceding quarter, it said today. A
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    • NEWS | 06 May 17:20
    • Peru tin concentrate output down in March
    • Sao Paulo, 6 May (Argus) — Peru's tin concentrate production totalled 1,597t in March, down 4.1pc on the same month a year earlier. Output was 7.3pc higher than for February. Lima-based Minsur is Peru's only producer of tin concentrate. The company deploys separate gravity separation a
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    • COMMENTARY | 06 May 17:19
    • US stainless: Scrap prices rise on tight supply
    • Houston, 6 May (Argus) — Stainless steel scrap prices rose in US trade this past week amid tight spot supply as nickel prices hit a six-month high on terminal exchanges early in the week. Processor buying prices for type 304 (18-8) scrap solids traded at $1,080-1,130/gross ton Friday, u
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    • NEWS | 06 May 17:17
    • Peru cadmium output higher in March
    • Sao Paulo, 6 May (Argus) — Peru's cadmium production was 67t in March - 7t or 11.7pc higher than the 60t in the same month a year earlier, and 15.5pc up against February's output of 58t. In the opening quarter of 2016 output ran to 188t, 6.8pc more than the 176t a year earlier. For the
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    • NEWS | 06 May 17:08
    • Brazil foundry output down sharply again in March
    • Sao Paulo, 6 May (Argus) — Brazilian foundry production fell 26.5pc to 176,453t in March from 240,182t in the same month of 2015, trade association Abifa said. Production was 12pc higher against February's total of 157,488t. Foundry output in the opening quarter of 2016 was down 25.6pc
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    • NEWS | 06 May 17:04
    • Goldman ups iron ore, coking coal price forecasts
    • London, 6 May (Argus) — US banking group Goldman Sachs has revised up its average price forecasts for iron ore and hard coking coal for 2016, after a surprise rally in Chinese steel demand over the last two months eased some of the pressure on oversupply of feedstocks. Goldman Sachs for
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    • NEWS | 06 May 17:01
    • Brazil court approves Samarco iron ore settlement
    • London, 6 May (Argus) — The Brasilia-based federal court of appeal has ratified an agreement between iron ore producer Samarco Mineracao and the country's government to cover damage caused by the failure of a tailings dam in Minas Gerais state. The firm must pay around 20bn reals ($6bn)
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    • NEWS | 06 May 16:43
    • STB extends comment deadline for commodity plan
    • Washington, 6 May (Argus) — The Surface Transportation Board (STB) has extended by 60 days the public comment period for its proposal to regulate the transportation of additional commodities. The Association of American Railroads (AAR) had asked STB on 8 April for more time to analyze i
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    • NEWS | 06 May 15:32
    • Scrap freight rates from Europe to Turkey fall
    • London, 6 May (Argus) — Freight rates for Supramax scrap cargoes from European ports heading to Turkey dropped today, as market sentiment for sustained strength in rates fell away with lowering bids for vessels. Rates for 30,000t scrap cargoes on Supramax vessels from Rotterdam to Turke
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    • NEWS | 06 May 15:11
    • ArcelorMittal sticks to North America forecast
    • Houston, 6 May (Argus) — The North American segment of global integrated steelmaker ArcelorMittal forecast US demand growth at 3-4pc this year, as steel shipments remain unchanged in the first quarter of 2016 from a year earlier. The company's shipments in the North America Free Trade
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    • NEWS | 06 May 14:59
    • Ryerson expects higher prices, stable shipments
    • Houston, 6 May (Argus) — Metals processor and distributor Ryerson Holding expects higher metal prices through 2016 after average prices fell by 19.4pc and shipments remained little changed compared to a year earlier. The Chicago-based company's overall volumes rose slightly by 0.4pc to
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    • NEWS | 06 May 14:53
    • Gibraltar Industries posts sales increase
    • Houston, 6 May (Argus) — Building products maker Gibraltar Industries is forecasting sales to rise by about 1pc this year following a 17pc increase in sales in the first quarter. Buffalo, New York-based Gibraltar posted sales of $234mn in the first quarter, compared with $200.6mn a year
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    • NEWS | 06 May 14:26
    • Canada's Pele mulls solar projects for RE site
    • London, 6 May (Argus) — Canadian rare earth (RE) mining firm Pele Mountain Resources is exploring the potential for developing solar and energy storage projects at the site of its proposed monazite processing facility at Eco Ridge, Ontario. The prevailing market conditions on rare eart
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    • NEWS | 06 May 13:50
    • Global Mn alloy output up in March
    • London, 6 May (Argus) — Global production of manganese alloys was up in March on a month-on-month basis in all grades in March this year, but down on a year on year basis in ferro-manganese grades, according to data from the International Manganese Institute (IMnI). Global silico-mangan
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    • NEWS | 06 May 13:45
    • Latrobe on track with magnesium feasibility
    • London, 6 May (Argus) — Sydney-based magnesium developer Latrobe Magnesium has competed the second stage of a three-stage bankable feasibility study towards producing magnesium from brown coal fly ash. The study supports the development of a 5,000 t/yr operation accessing raw material f
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    • NEWS | 06 May 12:08
    • Nalco seeks technology partner for Ti-slag plant
    • Mumbai, 6 May (Argus) — Indian state-controlled metal and mining company National Aluminium (Nalco) is scouting for a technology supplier for a proposed 100,000 t/yr titanium slag plant at Ganjam in the eastern state of Odisha that it plans to build with India's state-controlled Indian R
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    • NEWS | 06 May 12:08
    • India's Nalco seeks technology firm for Ti plant
    • Mumbai, 6 May (Argus) — Indian state-controlled metal and mining company National Aluminium (Nalco) is scouting for a technology supplier for a proposed 100,000 t/yr titanium slag plant at Ganjam in the eastern state of Odisha that it plans to build with India's state-controlled Indian R
    • Read more
    • NEWS | 06 May 11:25
    • China's electric vehicle output rises: Correction
    • Beijing, 6 May (Argus) — Corrects March output units and percentage changes Chinese output of new energy vehicles totalled 24,746 units in March, a rise of 73pc from 14,328 a year earlier and up by 13pc from February, China's association of automobile manufacturers Caam said. The Ch
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    • NEWS | 06 May 11:09
    • Jiangsu Changshu rare earth exports up in 1Q
    • Beijing, 6 May (Argus) — Exports of rare earths from Changshu in eastern China's Jiangsu province rose in the first quarter of 2016. Changshu exported 30 batches of rare earths totalling around 66,100kg, up by 370pc year on year in the first quarter. Export revenue was Yn1.72mn ($265
    • Read more
    • NEWS | 06 May 10:33
    • China’s stainless steel output, exports rise in 1Q
    • China's stainless steel output, exports rise in 1Q Beijing, 6 May (Argus) — China produced 5.34mn t of stainless steel in January-March, up by 6.5pc year on year, according to data released by China Special Steel Enterprise Association (CSSC). Cr-Ni series (300 series) stainless steel ou
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    • NEWS | 06 May 00:10
    • Chicago, Detroit scrap settles below Philadelphia
    • Houston, 6 May (Argus) — Ferrous scrap prices for May deliveries increased by $15-30/gross ton in the midwest with shredded scrap being the weakest grade in Chicago. Trading is near complete in Chicago, Detroit, Philadelphia, Montreal and Pittsburgh, and is in full swing in Indiana, the
    • Read more
    • COMMENTARY | 05 May 20:50
    • LME pressures smelter grade aluminum scrap
    • Houston, 5 May (Argus) — Secondary aluminum smelter grade scrap prices fell under pressure this week as the alumimum price rally on the London Metal Exchange fizzled when markets opened on Tuesday. LME cash aluminum settled at $1,601.50/t (72¢/lb) Thursday, down from $1,649/t (74¢/lb) a
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    • COMMENTARY | 05 May 20:32
    • Oil futures: Supply concerns send crude higher: CX
    • Corrects July Brent-WTI spread to 10¢/bl. Houston, 5 May (Argus) — Crude futures rose on supply concerns as fires, rebel attacks and production cuts disrupted operations around the globe. Nymex June light, sweet crude futures settled higher by 54¢/bl to $44.32/bl. Ice July Brent ret
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    • NEWS | 05 May 20:30
    • General Moly aims to manage costs, permits
    • New York, 5 May (Argus) — Colorado-based molybdenum mine developer General Moly expects to continue closely managing costs and push for reinstatement of water right permits at its Mt. Hope project during 2016, after it pared its losses by 45pc in the latest quarter from a year earlier.
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    • NEWS | 05 May 20:19
    • PSC’s ferrous and nonferrous scrap sales fall
    • PSC's ferrous and nonferrous scrap sales fall Houston, 5 May (Argus) — Ohio-based recycler PSC Metals sold 16pc less ferrous scrap in the first quarter of 2016 than a year earlier, while nonferrous sales volumes fell by 28.4pc. The Ichann Enterprises subsidiary sold 173,000gross tons (1
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    • NEWS | 05 May 20:06
    • Tronox sales boosted by alkali acquisition
    • Tronox sales boosted by alkali acquisition New York, 5 May (Argus) — Connecticut-based titanium dioxide and chemicals producer Tronox expects titanium dioxide pigment prices and sales to keep rising following a 23.4pc increase in first quarter revenues, largely on the back of its alkali s
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    • COMMENTARY | 05 May 19:47
    • US metcoal: Prices rise on supply concerns
    • New York, 5 May (Argus) — Prices of US coking coal for export rose this week as European buyers begin to worry about near-term supply. US exports of metallurgical coal have fallen by 25pc in the first three months of this year compared with last year, reaching a seven-year low for first
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    • COMMENTARY | 05 May 19:04
    • Oil futures: Supply concerns send crude higher
    • Houston, 5 May (Argus) — Crude futures rose on supply concerns as fires, rebel attacks and production cuts disrupted operations around the globe. Nymex June light, sweet crude futures settled higher by 54¢/bl to $44.32/bl. Ice July Brent returned above $45/bl for the first time since e
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    • COMMENTARY | 05 May 18:57
    • US FeTi: Prices rise on firm steel mill demand
    • New York, 5 May (Argus) — US ferro-titanium prices rebounded this week amid consistent demand from domestic steel mills US ferro-titanium (Ti 70pc) rose to $1.60-1.75/lb from $1.55-1.70/lb a week earlier. Prices were unchanged the four prior weeks as rising steel mill demand was largely
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    • COMMENTARY | 05 May 18:53
    • Stainless steel scrap mixed as nickel peaks
    • Houston, 5 May (Argus) — Stainless steel scrap prices were mixed in Europe this week after London Metal Exchange nickel prices weakened from a 2016 high reached 3 May. Scrap solids in Rotterdam and Germany traded at 47-48¢/lb for 304 (18-8) material, unchanged from the prior week, while
    • Read more
    • COMMENTARY | 05 May 18:39
    • US pig iron: Prices rise as scrap strengthens
    • London, 5 May (Argus) — Basic pig iron import prices into New Orleans increased by $20/t this week after a booking at $320/t sent offer prices higher. US import prices increased to $320-330/t cfr New Orleans, from $300-310/t a week earlier, amid offer prices as high as $340-350/t for Bl
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    • NEWS | 05 May 18:27
    • Steel groups seek overcapacity dialog with China
    • Houston, 5 May (Argus) — US steelmakers and global steel associations hope to engage in discussions with Chinese steel representatives at the upcoming G-7 and G-20 summits in order to address global steel overcapacity. Steel producers gathered in Salt Lake City this week for an annual
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    • NEWS | 05 May 18:24
    • Turkish steel exports decline in April
    • London, 5 May (Argus) — Turkish steel exports fell by 18pc year on year to 1.3mn t in April as shipments to North Africa slumped, with deteriorating market conditions also resulting in a 28pc decline in their value to $700mn, the Turkish Steel Exporters Association (CIB) said today. Las
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    • NEWS | 05 May 18:00
    • Brazil auto production remains in doldrums
    • Sao Paulo, 5 May (Argus) — Brazilian auto production fell 22.9pc in April providing little in the way of optimism for foundry producers, steel makers and ferro-alloys suppliers looking for a way out of the country's prolonged recession. Output totalled 169,813 vehicles, the worst April
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    • NEWS | 05 May 17:58
    • US coking coal shipments fall heavily in March
    • London, 5 May (Argus) — US coking coal shipments dropped by 32pc year on year to 3.26mn t in March from a year earlier, as a strong dollar, lower output by financially-pressured producers and weak demand in target markets weighed heavily on sales. US absence from the Chinese market mean
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    • COMMENTARY | 05 May 17:58
    • Turkish scrap: Buyers retreat after US purchase
    • London, 5 May (Argus) — The Argus daily HMS 1/2 80:20 cfr Turkey premium steel scrap assessment moved up $17.50/t to $330.0/t on the back of the yesterday deal received after Argus' assessment time stamp. No deep-sea offers were placed today, as Turkish mills withdrew following an Isken
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    • NEWS | 05 May 17:49
    • US exports, imports of aluminum scrap fall in 1Q
    • Houston, 5 May (Argus) — US aluminum scrap exports were down by 5.3pc in the first quarter from a year earlier as increases in used beverage can (UBC) exports failed to offset decreases in scrap other than cans or remelt scrap ingot (RSI). Total US aluminum scrap exports fell to 313,915
    • Read more
    • NEWS | 05 May 17:02
    • Aleris sees pickup in auto, aerospace demand
    • Houston, 5 May (Argus) — Rolled aluminum product maker Aleris forecasts global automotive and aerospace demand to strengthen in the second quarter after those segments helped boost shipments by 2.5pc in the first quarter. Shipments grew to 205,000t in the first quarter from 200,000 a ye
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    • NEWS | 05 May 17:01
    • US minor metal scrap imports drop in March
    • New York, 5 May (Argus) — US imports of minor metal scrap during March dropped by 4.7pc from a year earlier, due to weaker cobalt, tungsten and bismuth imports. The US imported 6,288.8t of minor metal scrap in March, down from 6,599.1t in 2015, according to data from the Commerce Depart
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    • NEWS | 05 May 16:54
    • US minor metals scrap exports rise in March
    • New York, 5 May (Argus) — US exports of minor metal scrap during March rose by 33.2pc, driven in large part by higher magnesium and manganese levels. The US exported 2,381.4t of minor metal scrap during March, up from 1,788.1t in 2015, according to data from the Commerce Department. Qua
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    • NEWS | 05 May 16:35
    • Northwest Pipe sells off inventory, posts loss
    • Houston, 5 May (Argus) — Washington state-based steel pipe manufacturer Northwest Pipe's sales fell by 60pc in the first quarter of 2016 compared to the same period a year earlier, and the company will continue to sell the remaining inventory at its last, idled tubular facility. Revenu
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    • NEWS | 05 May 15:40
    • Largo breaks vanadium production records in April
    • Sao Paulo, 5 May (Argus) — Canada's Largo Resources broke daily, weekly and monthly vanadium pentoxide production records in April at its Maracas Menchen mine in Brazil's northeast Bahia state after a difficult first quarter, the company said. As it continued ramping up output Largo pro
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    • NEWS | 05 May 15:38
    • US exports of used lead batteries fall
    • Houston, 5 May (Argus) — US exports of used lead batteries fell by 14.9pc in March from a year earlier while exports of other lead scrap rose. Shipments of used batteries fell to 2,125t in March from 2,497t the same month a year earlier, according to Commerce Department data. Exports of
    • Read more
    • NEWS | 05 May 15:34
    • US ferrous scrap imports up by half in March
    • Houston, 5 May (Argus) — US ferrous scrap imports rose by 52.4pc in March compared with the same month a year earlier, primarily led by shipments arriving from the Netherlands, Sweden and the UK. US ferrous scrap intake rose to 263,102tonnes from 172,586t a year earlier, according to d
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    • NEWS | 05 May 15:17
    • Applications for US steel imports fall in April
    • Houston, 5 May (Argus) — Applications for US steel imports fell by 20pc in April from the prior month, led by decreases from Turkey and Japan. Applications totaled 2.45mn net tons (2.2mn metric tonnes) in April, compared with 3.06mn permit tons recorded in March and a 5pc decrease from
    • Read more
    • COMMENTARY | 05 May 14:45
    • US tech metals flat on low-key trading
    • New York, 5 May (Argus) — US indium prices held this week amid stable low-key demand. Indium ingot (In 99.99pc) prices held at $220-250/kg this week after falling from $240-270/kg a week prior. Prices have fallen back to mid-February lows after concerns over Chinese crude indium supply
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    • COMMENTARY | 05 May 14:36
    • US Ferroalloys: FeMo and FeV jump on tight supply
    • New York, 5 May (Argus) — US ferroalloy prices were mostly stable this week amid firm steel mill demand. Noble alloys ferro-vanadium and ferro-molybdenum rose sharply as tight supplies combined with a wave of inquiries. Low-key demand for bulk alloys this week mostly stabilized prices fo
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    • NEWS | 05 May 14:24
    • Thompson Creek targets lower copper output
    • Houston, 5 May (Argus) — Colorado-based copper producer Thompson Creek Metals is targeting lower copper output in 2016 even as output in the first quarter rose by 24pc from a year earlier. Thompson Creek held its guidance unchanged at payable copper output of 55-65mn lbs in 2016, compar
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    • NEWS | 05 May 14:18
    • USGS halts monthly primary aluminum output numbers
    • Houston, 5 May (Argus) — The US Geological Survey has suspended the publishing of monthly primary aluminum production data after the number of domestic smelters dwindled to two from three in February. The agency said yesterday it withheld the combined February production of Alcoa and Ce
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    • NEWS | 05 May 14:04
    • US exports of copper scrap drop in March
    • Houston, 5 May (Argus) — Exports of copper scrap fell by 1.4pc in March from a year earlier, led by declines in shipments of No. 1 and No. 2 scrap. Exports rose in the first quarter. Exports of copper scrap fell to 75,976t in March from the same month a year earlier, according to US Com
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    • NEWS | 05 May 14:02
    • India’s Nalco to build new smelter at Odisha plant
    • India's Nalco to build new smelter at Odisha plant Mumbai, 5 May (Argus) — Indian state-controlled metal and mining company National Aluminium (Nalco) plans to build a 400,000 t/yr smelting unit at its aluminium smelter complex at Angul in the eastern state of Odisha. The plans include a
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    • NEWS | 05 May 12:40
    • Mintek undertaking metals research for EU
    • Johannesburg, 5 May (Argus) — South Africa's state-owned minerals research organisation Mintek is involved in six metals and minerals-related collaborative programmes with the European Union and has submitted proposals for two further research programmes. Peter Craven, Mintek's general
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    • NEWS | 05 May 11:52
    • Anglo sells niobium mine as demand growth slows
    • Sao Paulo, 5 May (Argus) — China Molybdenum's proposed $1.5bn acquisition of Anglo American's niobium mine and phosphate division in central Brazil unveiled last week comes as demand for niobium in China is not growing as fast as once forecast. From 2004 to 2008, Chinese ferro-niobium
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    • NEWS | 05 May 10:50
    • India's MMTC tenders manganese ore for export
    • Mumbai, 5 May (Argus) — Indian state-owned trading company MMTC has announced an export tender for 50,000t of manganese ore, the first for 10 months. The closing date for bids is 24 May with delivery in June. MMTC only announced two manganese ore export tenders last year, both of whic
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    • NEWS | 05 May 08:47
    • India’s Moil gets mining lease for Parsoda Mn mine
    • India's Moil gets mining lease for Parsoda Mn mine Mumbai, 5 May (Argus) — Indian state-owned manganese ore producer Moil has obtained a mining lease for its project in Parsoda Nagpur in the western state of Maharashtra. The state authorities granted the mining lease which covers an area
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    • NEWS | 04 May 21:41
    • Global Brass and Copper shipments rise in quarter
    • Houston, 4 May (Argus) — Global Brass and Copper Holdings shipped 2.1pc more brass and copper alloys in the first quarter than a year earlier, as increased demand from the munitions and construction markets offset weaker coinage and equipment markets. Volumes shipped rose to 131.3mn lbs
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    • COMMENTARY | 04 May 21:31
    • US aluminum premium flat on lack of spot activity
    • Houston, 4 May (Argus) — The midwest premium for primary aluminum was unchanged this week as near-term purchasing of metal was slow, but exchange prices were still conducive to financing deals. The premium stayed at 8-8.25¢/lb this week while London Metal Exchange cash aluminum settled
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    • NEWS | 04 May 21:03
    • US ferrous scrap exports drop in March
    • Houston, 4 May (Argus) — Ferrous scrap exports from the US fell by 20.1pc in March from the same month a year earlier, as a rise in shipments to Turkey and India were outstripped by a drop in shipments to Mexico, Taiwan and China. Commerce Department data today showed ferrous scrap exp
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    • COMMENTARY | 04 May 20:46
    • US aluminum can spreads steady on weather, supply
    • Houston, 4 May (Argus) — Used aluminum beverage can (UBC) spreads were unchanged this week as buyers continued to benefit from the steady flow of cans brought on by a two-week rally on the London Metal Exchange that fizzled out Tuesday. LME aluminum settled at $1,611/t (73¢/lb) Wednesda
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    • NEWS | 04 May 20:34
    • US exports of base metal scrap drop
    • Houston, 4 May (Argus) — US exports of base metals scrap fell by 1.4pc in March from a year earlier, led by declining shipments of aluminum and zinc scrap. Exports of aluminum scrap fell by 7.3pc to 108,288t in March from 116,822t a year earlier. Shipments fell by 5.3pc to 313,915t in t
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    • NEWS | 04 May 20:31
    • US levies preliminary duties on Indian pipe
    • Houston, 4 May (Argus) — The US Commerce Department today levied preliminary antidumping duties of 18.9pc on welded stainless pressure pipe from India after making a preliminary determination the material is being sold in the US at less-than-fair market value. The department levied the
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    • NEWS | 04 May 20:11
    • US base metal imports fall in March
    • Houston, 4 May (Argus) — US imports of base metals scrap fell by 5.7pc in March, led by declines in intake of aluminum, copper and tin scrap. Imports of base scrap fell to 60,890t in March from 64,580t the same month a year earlier. For the first quarter of 2016, imports fell by 8.1pc t
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    • NEWS | 04 May 19:01
    • Hunter Douglas profits inch up
    • Houston, 4 May (Argus) — Dutch architectural manufacturer Hunter Douglas increased profits by 3pc in the first quarter compared to a year earlier. After-tax profits rose to $18.6mn from $18.1mn in the year-earlier period, as sales volumes grew in North America, Europe and Australia. Shi
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    • NEWS | 04 May 18:37
    • Amur releases nickel-copper resources upgrade
    • London, 4 May (Argus) — AIM-listed Amur Minerals which is developing polymetallic deposits in far-eastern Russia has released a new independent resource estimate for the Ikenskoe/Sobolevsky (IKEN) nickel-copper deposit. The deposit is the second largest of five identified on Amur's Kun-
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    • NEWS | 04 May 18:33
    • Economic study supports Kipushi zinc project
    • Johannesburg, 4 May (Argus) — South African base and precious metals developer Ivanhoe Mines believes an independently conducted positive preliminary economic assessment supports its view that its Kipushi zinc-copper project in the Democratic Republic of Congo (DRC) can become the world'
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    • NEWS | 04 May 18:31
    • Black Diamond names Bayou Steel chief executive
    • Black Diamond names Bayou Steel chief executive Houston, 4 May (Argus) — Black Diamond Capital Management has appointed Robert Simon chief executive of its newly acquired Bayou Steel operations. Simon most recently led the structural and rail division of US-based Steel Dynamics, and has
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    • NEWS | 04 May 18:24
    • Bratsk increases FeSi exports by 65pc
    • London, 4 May (Argus) — Bratsk Ferroalloy plant, owned by Russian steel producer Mechel, increased its exports of 75pc ferro-silicon by 56pc on the year. Bratsk produces both 65pc and 75pc ferro-silicon, the alloy used in making carbon, stainless and other steel grades. The plant dramat
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    • NEWS | 04 May 18:19
    • Atalaya tailings facility restarts operations
    • London, 4 May (Argus) — AIM-listed junior miner Atalaya Mining said that a temporary suspension of its tailings operations at the Rio Tinto copper project in Andalucia has now been lifted and that it will not have a material effect on the company's output because lost production has been
    • Read more
    • NEWS | 04 May 18:10
    • Glencore Ni output up, Cu, Zn down in 1Q: Resend
    • Resends to include table London, 4 May (Argus) — Increased output from Canadian mines and Murrin Murrin in Australia boosted Swiss trading company Glencore's nickel volumes in the first quarter 2016, while copper metal and zinc bore the brunt of production cutbacks. The firm said pr
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    • NEWS | 04 May 18:09
    • AMG eyes strong cash flow amid challenging market
    • London, 4 May (Argus) — Amsterdam-listed metals company AMG Advanced Metallurgical Group, which produces ferro-alloys, speciality alloys and minor metals, is targeting strong operating cashflow and to maintain 2015 levels of profitability in 2016, it said in its latest financial report.
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    • NEWS | 04 May 18:01
    • Polysilicon market moves higher on output cuts
    • London, 4 May (Argus) — Polysilicon spot market is moving higher this month as production cuts prompt short covering among consumers and traders. In China market prices have moved above $20/kg and seen extending gains in early May, while prices outside of China are tracking that move. Ma
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    • COMMENTARY | 04 May 17:47
    • Turkish scrap: US sale concluded at $330/t cfr
    • London, 4 May (Argus) — A US supplier was confirmed to have sold HMS 1/2 80:20 at $330/t, 10,000-15,000t of shred at $335/t and 2,000-5,000t of bonus this afternoon on a cfr Iskenderun basis for 20 June shipment - $17.50/t higher than the previous sale of HMS 1/2 80:20 grade scrap on 25
    • Read more
    • COMMENTARY | 04 May 17:39
    • Aluminium premiums fall in Europe
    • Houston, 4 May (Argus) — Aluminium premiums fell in Europe amid slow trade and weak demand in the latest, holiday-shortened week. The premium for P1020 duty unpaid fell to $80-85/t from $80-90/t the prior week, while duty paid dropped to $125-135/t this week from $135-145/t a week earli
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    • NEWS | 04 May 16:44
    • Harsco holds forecast steady, senses improvement
    • Houston, 4 May (Argus) — US-based industrial services company Harsco sees "underlying improvement" in many of its markets has kept its 2016 forecast unchanged for the year. "Each of our businesses performed well this quarter against a challenging macro-environment," Harsco chief executi
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    • NEWS | 04 May 16:20
    • US, Canada aluminum demand falls in February
    • Houston, 4 May (Argus) — Demand for aluminum ingot and mill products in the US and Canada was down by 2pc in January-February from the same period a year earlier. Demand in the region, based on shipments of ingot and mill products by domestic companies plus imports, fell to 4.1bn from 4
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    • NEWS | 04 May 15:57
    • Brazil sues Samarco for $43bn
    • Sydney, 4 May (Argus) — Brazilian public prosecutors have filed a lawsuit seeking 155bn reals ($43bn) in compensation from joint venture Samarco for the damage caused when tailings dams burst at its iron ore mine last year killing 19 people. Brazilian mining firm Vale and UK-Australian
    • Read more
    • NEWS | 04 May 15:55
    • Hebei steel mills flout capacity curbs
    • Singapore, 4 May (Argus) — China's federal environmental protection department has found three steel mills in Hebei province increasing production capacity, violating regulations forbidding capacity increases. The environment department did not charge the mills with violating the regula
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    • NEWS | 04 May 15:15
    • Brazil's industrial production slide continues
    • Sao Paulo, 4 May (Argus) — Brazil's industrial production contracted by 11.4pc in March from the same month a year earlier as the country continues to be mired in deep recession, national statistics institute (IBGE) said. Production fell for the twenty fifth consecutive month in March a
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    • NEWS | 04 May 15:15
    • Brazil's industrial decline continues
    • Sao Paulo, 4 May (Argus) — Brazil's industrial production contracted by 11.4pc in March from the same month a year earlier as the country continues to be mired in deep recession, national statistics institute (IBGE) said. Production fell for the twenty fifth consecutive month in March a
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    • NEWS | 04 May 15:12
    • Gerdau increases North America shipments
    • Houston, 4 May (Argus) — Brazil-based steel producer Gerdau's North America operations shipped 2.4pc more steel while cutting production by 5.8pc in the first quarter compared to a year earlier, reflecting inventory optimization and higher demand from the construction industry. The com
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    • NEWS | 04 May 15:09
    • Glencore Ni output up, Cu, Zn down in 1Q
    • London, 4 May (Argus) — Increased output from Canadian mines and Murrin Murrin in Australia boosted Swiss trading company Glencore's nickel volumes in the first quarter 2016, while copper metal and zinc bore the brunt of production cutbacks. The firm said production cuts it has impleme
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    • NEWS | 04 May 14:27
    • Bonnell Aluminum profits, shipments grow
    • Houston, 4 May (Argus) — Shipments of Georgia-based Bonnell Aluminum grew by 5pc in the first quarter from a year earlier amid steady demand from construction and automotive markets. The Tredegar subsidiary shipped 41.5mn lbs of extrusions in the quarter ended March, up from 39.5mn lbs
    • Read more
    • NEWS | 04 May 14:10
    • Vallourec sees slight rise in 2Q steel sales
    • London, 4 May (Argus) — France-based tubular steel producer Vallourec expects a slight improvement in its second-quarter sales and financial performance as buyers replenish inventories. But fundamental demand is unlikely to improve significantly in the near term, and market conditions ar
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    • NEWS | 04 May 11:40
    • Elementos focuses on Sn, Cu, W project
    • Johannesburg, 4 May (Argus) — Australian base metals developer Elementos has dissolved a joint venture with Chinalco Yunnan Copper Resources at Mt Isa in Queensland to fully focus on developing its Cleveland tin/copper/tungsten project in Tasmania. The company has also released five lea
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    • COMMENTARY | 04 May 11:02
    • Antimony Europe: Prices stabilise
    • London, 4 May (Argus) — European antimony prices were assessed stable at $5,900-6,400/t for grade II and $6,000-6,500/t for trioxide grade metal basis duty-unpaid in warehouse Rotterdam for prompt delivery. The prices were assessed on 3 May as unchanged from the previous assessment on 2
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    • NEWS | 04 May 10:34
    • China's Jiangxi Copper posts 1Q profit rise
    • Beijing, 4 May (Argus) — Chinese state-owned Jiangxi Copper, the country's largest integrated copper producer, reported higher revenue and profit for January-March on a pick-up in demand. The company generated revenue of 38.85bn yuan ($6bn) in January-March, up by 19.7pc on the first q
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    • NEWS | 04 May 10:28
    • Panoro Peru project capex runs to $600mn
    • Sao Paulo, 4 May (Argus) — Canadian mining company Panoro Minerals will need to spend $603mn to bring its Antilla copper-molybdenum project in Peru into production, following publication of a Preliminary Economic Assessment (PEA). Production at the site in the Apurimac region of southe
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    • NEWS | 04 May 09:42
    • China Minmetals Rare Earth posts 1Q loss
    • Beijing, 4 May (Argus) — Chinese state-owned China Minmetals Rare Earth, one of the country's largest producers, has reported a drop in revenues and a loss for the first quarter of 2016. Minmetals posted a loss of Yn15.47mn ($2.4mn) for January-March firmly in line with recent guidance
    • Read more
    • NEWS | 04 May 09:19
    • Chrome ore stocks fall at Chinese ports
    • Beijing, 4 May (Argus) — Chrome ore stocks at Chinese ports have fallen to 1.34mn t, down by 75,000t from 1.42mn t on 22 April. Stocks at Lianyungang port are 350,000t, down by 20,000t compared with 370,000t on 22 April. Stocks at Zhajianggang port decreased by 20,000t to 150,000t from
    • Read more
    • NEWS | 04 May 08:32
    • India to review removal of chrome ore export duty
    • Mumbai, 4 May (Argus) — India's ministry for mines has been meeting with industry representatives as it compiles a recommendation on whether or not to reintroduce export duty on chrome ore exports which was cancelled on 31 March. The ministry will submit its conclusion in around ten day
    • Read more
    • COMMENTARY | 03 May 21:44
    • Aluminum extrusion scrap resists softening LME
    • Houston, 3 May (Argus) — Aluminum extrusion scrap price spreads tightened this past week after a two-week London Metal Exchange rally came to an end on Tuesday. LME cash aluminum settled at $1,629/t (73¢/lb) Tuesday, down from $1,632 (74¢/lb) a week earlier; falling for the first time i
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    • NEWS | 03 May 20:29
    • US auto sales rate up 4.9pc in April
    • Houston, 3 May (Argus) — The pace of US retail auto sales climbed by 4.9pc in April to an annual rate of 17.42mn units, following the slowest pace in more than a year during March. Sales of light vehicles last month were up from an annual rate of 16.57mn units in March, according to Aut
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    • COMMENTARY | 03 May 20:29
    • Firm steel demand balances US FeSi market
    • New York, 3 May (Argus) — US ferro-silicon prices were flat this week amid stable steel mill demand. Ferro-silicon (Si 75pc) prices held between 70-72¢/lb, stable for a second consecutive week. Prices previously rose 14 April by 1¢/lb amid reduced near-term availability. The market cont
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    • COMMENTARY | 03 May 19:31
    • Oil futures: Crude falls ahead of EIA data, demand
    • Houston, 3 May (Argus) — Crude futures fell for a second day amid expectations of a rise in US oil inventories and a slowdown in global demand. Nymex June light, sweet crude futures fell by $1.13/bl to $43.65/bl. July Ice Brent futures fell by 86¢/bl to $44.97/bl. The July Brent-WTI sp
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    • COMMENTARY | 03 May 19:11
    • US Co: Market softens on weak demand
    • New York, 3 May (Argus) — US high-grade cobalt prices declined this week as near-term oversupply combined with minimal, low-key demand. High-grade cobalt (Co 99.8pc) prices fell to $10.80-11.15/lb this week from $10.85-11.30/lb a week earlier. Prices have fallen for three straight week
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    • COMMENTARY | 03 May 18:21
    • Turkish Scrap: Mills remain silent
    • London, 3 May (Argus) — No new deep-sea scrap offers were understood to have been made in the market today. Much of this week was expected to be quiet in the deep-sea market until Turkish mills find the appetite to begin bidding again for June shipment. The market is divided on whether t
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    • COMMENTARY | 03 May 18:06
    • Copper cathode premiums steady in Europe, Asia
    • Houston, 3 May (Argus) — Copper cathode premiums in Europe were steady this past week as copper on the London Metal Exchange traded in a narrow range of $27/t and availability of better grades of scrap improved. Grade A copper cathodes premiums traded at $50-60/t in-warehouse Rotterdam,
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    • NEWS | 03 May 18:03
    • Paranapanema 1Q primary copper output up
    • Sao Paulo, 3 May (Argus) — Paranapanema, Brazil's largest copper producer said primary copper production rose 10pc in the first quarter from a year earlier. Output came in at 66,357t as the company increasingly switches its focus to targeting cathode sales at overseas customers. Brazil
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    • NEWS | 03 May 17:53
    • DLA reoffers FeCr lots for sale
    • New York, 3 May (Argus) — The US defense department's procurement arm the Defense Logistics Agency (DLA) today reoffered 1,917short tons (1,793 metric tonnes) of high carbon and 2.8mn lbs of low carbon ferro-chrome by net weight for sale. The high carbon ferro-chrome sale has chrome con
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    • NEWS | 03 May 17:44
    • Accuride profits slump on weak heavy truck demand
    • Houston, 3 May (Argus) — Indiana-based wheelmaker Accuride posted a loss in the first quarter as it faced "several headwinds," including diminishing production of vehicles in the North American class 8 truck market. Accuride today revised its 2016 guidance for class 8 truck production d
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    • NEWS | 03 May 17:05
    • Samarco books $1.7bn loss on Brazilian iron ore
    • London, 3 May (Argus) — Brazilian iron ore miner Samarco Mineracao made a loss of 5.8bn reals ($1.7bn) in 2015, caused by low iron ore prices and the collapse of one of its tailings dams in Minas Gerais. The company, which is a joint venture between Brazil's Vale and UK-Australian minin
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    • NEWS | 03 May 16:57
    • Turkish scrap imports rise in March
    • London, 3 May (Argus) — Turkish ferrous scrap imports rose sharply to 1.9mn t in March, up on the month by 60pc and higher by 40pc on the year, according to statistical agency TUIK. The surge was underpinned by an absence of Chinese billet offers during and after the lunar new year holid
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    • NEWS | 03 May 16:16
    • China steel PMI surges to 3-year high in April
    • Singapore, 3 May (Argus) — China's steel purchasing managers' index (PMI) rose to a three-year high of 57.3 points in April, surging above the 50 level that indicates an expansion. April's steel PMI rose by 7.5 points from March, the China Steel Logistics Professionals Committee said. I
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    • NEWS | 03 May 16:14
    • Antam and Cronimet to build NPI plant
    • London, 3 May (Argus) — Indonesian metals producer Antam, German stainless steel scrap and ferro-alloy firm Cronimet and project developer Ferrostaal signed an agreement to build a nickel pig iron plant in Pomalaa in Indonesia. NPI's main use is in the production of stainless steel. Th
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    • NEWS | 03 May 16:03
    • Boliden's profit declines on lower metal prices
    • London, 3 May (Argus) — Swedish zinc producer Boliden said higher production levels in the first quarter of this year were not able to compensate for lower metal prices as it reported decline in net profit to SEK656mn ($82mn), down from SEK896mn ($111.7mn) in the same quarter of 2015. T
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    • COMMENTARY | 03 May 15:52
    • Europe Si: Pares losses as offer prices rise
    • London, 3 May (Argus) — European silicon market is higher this week as domestic suppliers raise their offer prices amid similar moves seen on export offers from Russia, Kazakhstan and Brazil. Traders said there may well need to be European production cuts for domestic market to extend pr
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    • NEWS | 03 May 15:46
    • REC to restart US plant's polysilicon output
    • London, 3 May (Argus) — Norwegian solar product manufacturer REC Silicon will restart polysilicon production at its Moses Lake facility in the US state of Washington this month, after idling the plant in February. The Silane 3 production unit is expected to restart towards the end of M
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    • COMMENTARY | 03 May 15:46
    • LME minors: Mo higher on lower physical supply
    • London, 3 May (Argus) — London Metal Exchange (LME) molybdenum has moved up nearly 10pc in the past week on higher prices in the physical market where lower supplies are the key factor. LME molybdenum settled at a cash price of $13,100/13,600/t, from $12,100/23,500/t on 29 April. LME mo
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    • NEWS | 03 May 15:44
    • Latin American Chinese steel imports fall
    • London, 3 May (Argus) — Latin American imports of Chinese steel dropped by one-third year on year to 1.8mn t in the first quarter of 2016 as regional consumption declined, according to Latin American steel association Alacero. Flat products accounted for 45pc of China's total steel expo
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    • ANALYSIS | 03 May 14:51
    • PMI data point to renewed slowdown
    • London, 3 May (Argus) — Low demand for finished goods resulted in a renewed fall in purchasing of raw materials, including metals, by manufacturers across key economies in April. The Caixin monthly purchasing managers' index (PMI) for China fell to 49.4, after rising to 49.7 in March fr
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    • COMMENTARY | 03 May 14:37
    • US Minor Metals: Shipment delays cut Sb supply
    • New York, 3 May (Argus) — US minor metals market posts mixed week. Antimony and cadmium increase further on tighter supplies, while selenium and silicon continue weakening trend amid oversupply of the metals. Antimony US antimony metal (Sb 99.65pc) prices rose to $2.80-3.00/lb this w
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    • NEWS | 03 May 12:20
    • Waiting for rare earths upturn: Mintek
    • Johannesburg, 3 May (Argus) — Mintek, South Africa's state-owned owned minerals research unit, is "keeping its powder dry" in the rare earths space, waiting for the global market to improve. Mintek's general manager of business development, Peter Craven, said in an interview that the or
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    • NEWS | 03 May 12:04
    • Electrosteel plans ferro-alloy unit in West Bengal
    • Mumbai, 3 May (Argus) — Kolkata-based Indian ductile iron pipe manufacturer Electrosteel Castings plans to build a ferro-alloy plant in Haldia in the eastern state of West Bengal. The plant will have a 9mn volt ampere and a 6mn volt ampere submerged arc furnace with a combined productio
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    • NEWS | 03 May 11:58
    • Australia outlines exploration spending support
    • Sydney, 3 May (Argus) — The Australian government has budgeted to spend A$100.5mn ($76mn) over four years from the 2016-17 fiscal year ending 30 June 2017 to produce geographical modelling of natural resources in targeted areas across northern and southern Australia. The data acquisiti
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    • NEWS | 03 May 11:02
    • China's industrial robots plan may lift RE demand
    • Beijing, 3 May (Argus) — China has drafted a plan to boost the development of industrial robotics over the next five years, which could potentially increase domestic demand for rare earth elements in the longer term. The ministry of industry and information technology (MIIT), national
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    • NEWS | 03 May 10:00
    • India approves easier transfer of mining leases
    • Mumbai, 3 May (Argus) — India's Rajya Sabha (upper house) has passed a mining bill that allows the transfer of captive mining leases not granted through auctions, a move that will enable banks and financial institutions to liquidate stressed assets. The bill, Mines and Minerals (Develo
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    • NEWS | 02 May 22:34
    • Chemours to cut costs after quarterly sales fall
    • New York, 2 May (Argus) — Delaware-based chemical and titanium dioxide producer Chemours posted a 4.8pc decline in first quarter revenues as a result of falling prices for titanium products, only partially offset by greater sales volumes. First quarter revenues declined to $1.3bn from $
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    • NEWS | 02 May 22:24
    • AISI selects Nucor’s Ferriola as chairman
    • AISI selects Nucor's Ferriola as chairman Houston, 2 May (Argus) — The American Iron and Steel Institute (AISI) has elected John Ferriola, chief executive of Nucor, to serve as chairman of the institute. The election, which took place today in Salt Lake City, means that Ferriola will re
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    • NEWS | 02 May 21:01
    • GBC’s top financial officer to step down
    • GBC's top financial officer to step down Houston, 2 May (Argus) — Global Brass and Copper Holding's chief financial officer Robert Micchelli will step down from his post on 1 July, continuing to act in an advisory capacity until his retirement from GBC early next year. Micchelli will be
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    • NEWS | 02 May 20:30
    • South spurs growth in US raw steel output
    • Houston, 2 May (Argus) — US raw steel output increased by 1.6pc in the week ended 30 April from a week earlier, driven by a 9.6pc jump in production in the south. Output rose to 1.71mn net tons (1.55mn metric tonnes) from 1.68mn nt a week earlier, while capacity utilization jumped to 7
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    • NEWS | 02 May 19:33
    • Alcoa to keep Intalco aluminum smelter online
    • Houston, 2 May (Argus) — Alcoa will not idle its Intalco Works primary aluminum smelter in Ferndale, Washington state, as originally announced in November, after the producer reached a favorable electricity agreement. The company has reached an electricity agreement with Bonneville Powe
    • Read more
    • COMMENTARY | 02 May 19:21
    • European aluminium ingots flat as LME ticks up
    • Houston, 2 May (Argus) — Secondary aluminum ingot prices were unchanged in European trading amid slow physical demand in the latest week as the London Metal Exchange edged up. In the UK, LM 6 and 25 prices remained unchanged at 96¢/lb -$1.01/lb while LM 24 held at 84-88¢/lb, also unchan
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    • COMMENTARY | 02 May 19:21
    • Oil futures: Prices open week lower
    • Houston, 2 May (Argus) — Crude prices fell today following weaker US manufacturing data and on reports of higher Opec production in April. June light, sweet Nymex crude futures fell $1.14/bl to $44.78/bl. July Ice Brent futures fell by $2.30/bl to $45.83/bl. The July Brent-WTI spread na
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    • NEWS | 02 May 19:15
    • Yauricocha’s copper, zinc output rises
    • Yauricocha's copper, zinc output rises Houston, 2 May (Argus) — Toronto-based miner Sierra Metals forecasts improved production and financial results in the second half of 2016 at its Yauricocha mine in Peru as restructuring progresses at the project. "We expect to see an improvement in
    • Read more
    • NEWS | 02 May 18:56
    • US Antimony increases sales volumes in April
    • New York, 2 May (Argus) — Montana-based antimony producer US Antimony increased April sales volumes by 32pc from a year earlier. US Antimony sold 221,145lbs (100t) of antimony metal in April, up from 167,352lbs a year earlier. Production of antimony during April totaled 349,224lbs with
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    • NEWS | 02 May 16:49
    • US Si: February output rises amid weak imports
    • New York, 2 May (Argus) — US production of silicon and silicon alloys increased by 3.5pc in February from a year earlier amid a sharp decline in imports excluding Brazil. The US produced 41,700t of silicon and silicon alloys in February, up from 40,300t in 2015, according to data from t
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    • NEWS | 02 May 16:16
    • Copper Mountain sells less copper at lower prices
    • Houston, 2 May (Argus) — Vancouver-based Copper Mountain Mining posted a 16pc decline in copper sales in the first quarter while realized prices fell by a fifth over the period. Copper Mountain Mining sold 18.1mn lbs of copper in the first quarter, compared with 21.5mn lbs a year earlie
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    • COMMENTARY | 02 May 16:01
    • US FeCr market struggles with oversupply
    • New York, 2 May (Argus) — US high carbon ferro-chrome prices fell in the latest week as stainless steel mills limited spot market purchases. US high carbon ferro-chrome (Cr 60pc C 6-8pc) prices declined to 85-88¢/lb from 86-89¢ a week earlier. Prices have softened for three consecutive
    • Read more
    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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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
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    • 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
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    • 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 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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.
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    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
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    • 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,
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    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
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    • 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
    • Read more
    • 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.
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    • 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
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    • 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
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    • 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¢/
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    • 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
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    • 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 $
    • Read more
    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
    • 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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    • 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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    • 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,
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
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    • 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 ($726/t) delivered and pai
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    • NEWS | 11 Apr 08:39
    • Chinese Mn alloy tender prices keep rising
    • Beijing, 11 April (Argus) — Chinese steelmakers have continued to increase their tender prices for buying Mn alloys because of tight spot supply and higher alloy production costs. Shandong Iron and Steel has increased its tender price for high carbon ferro-manganese 65pc to Yn5,000/t ($
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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.
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    • 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
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    • 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
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    • 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
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    • 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¢/
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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-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 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
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    • 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
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    • 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 "
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    • 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.
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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.
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    • 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
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    • 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
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    • 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
    • Read more
    • 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
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    • 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
    • Read more
    • 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
    • Read more
    • 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.
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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,
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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,
    • Read more
    • 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,
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
    • Read more
    • 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
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    • 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
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    • 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
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    • 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,
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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/
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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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