Santiago (Platts)--23 Mar 2017 425 pm EDT/2025 GMT
Workers at the giant Escondida copper mine in northern Chile have ended
their strike after 43 days, but without reaching agreement on a new collective
contract, their union said Thursday.
Liverpool (Platts)--23 Mar 2017 1024 am EDT/1424 GMT
Eager US sellers found little demand for imported scrap in Turkey
Wednesday, with some turning to other higher-paying markets, sources told S&P
Singapore (Platts)--23 Mar 2017 835 am EDT/1235 GMT
Spot offers for 75% Si ferrosilicon in Asia rose further this week as
some Chinese producers have suspended offering, thus tightening supplies,
industry sources said Thursday.
Hong Kong (Platts)--23 Mar 2017 235 am EDT/635 GMT
China is expected to add 6.65 million mt/year of new alumina capacity in
2017, chiefly in North China, Central China and Northwest China, in addition
to the 79.25 million mt/year built national alumina capacity as of end-2016,
state-run metals consultancy firm Beijing Antaike has forecast in its aluminum
sector report on Thursday.
Sao Paulo (Platts)--22 Mar 2017 540 pm EDT/2140 GMT
Argentina exported 43,777 mt of long steel products in 2016, down 10.4%
from 48,874 mt imported in 2015, customs agency data showed Wednesday.
London (Platts)--22 Mar 2017 539 pm EDT/2139 GMT
US silver jewelry sales increased for the eighth straight year in 2016,
with average jewelry store growth at 16%, the Silver Institute reported
London (Platts)--22 Mar 2017 639 am EDT/1039 GMT
Monthly alloy surcharges on austenitic grades of stainless steel
flat-rolled products in Europe are set to rise again in April, first mill
announcements indicated Tuesday.
London (Platts)--22 Mar 2017 640 am EDT/1040 GMT
Molybdenum prices edged down Tuesday with sales in Europe and Rotterdam,
while European ferromolybdenum prices moved higher.
Santiago (Platts)--22 Mar 2017 637 am EDT/1037 GMT
Negotiations to end a 40 day-old strike at the giant Escondida copper
mine in northern Chile are to continue, the union said late Tuesday, after
management and workers' representatives met for talks for the first time in
several weeks March 20.
Singapore (Platts)--22 Mar 2017 636 am EDT/1036 GMT
Japanese ferrous scrap prices have decreased during the week influenced
by weaker oversea scrap prices, traders said Wednesday.
Tokyo (Platts)--22 Mar 2017 404 am EDT/804 GMT
A Japanese consumer and an aluminum producer have agreed to set the
second-quarter aluminum contract premium at $128/mt plus London Metal Exchange
cash CIF Japan, up 35% from $95/mt plus LME cash CIF Japan for Q1, seller and
buyer sources said Wednesday.
Sao Paulo (Platts)--21 Mar 2017 547 pm EDT/2147 GMT
Argentina exported 169,849 mt of iron ore fines in 2016, down 45.3% from
2015 when 310,355 mt of fines were exported, customs agency data showed
London (Platts)--21 Mar 2017 944 am EDT/1344 GMT
The zinc market was in deficit in 2016, even though demand was modest,
while fundamentals remain positive and global zinc demand is expected to grow
2.5% in 2017, CRU analyst Helen O'Cleary said Monday.
Liverpool (Platts)--21 Mar 2017 946 am EDT/1346 GMT
Wider macroeconomic uncertainty appeared to seep into Turkey's market for
imported steel scrap Monday.
Hong Kong (Platts)--21 Mar 2017 753 am EDT/1153 GMT
China is aiming to produce 4.4 million mt recycled copper and and 9
million mt of recycled aluminum by 2020, in line with the central government's
goal of using more recycled resources to be eco-friendly, the Henan Provincial
Nonferrous Metals Guild said in a report in its website Tuesday.
Washington (Platts)--20 Mar 2017 515 pm EDT/2115 GMT
A 2.5% increase in apparent Chinese demand put the global refined copper
market in a 50,000 mt deficit in 2016, according to preliminary data released
Monday by the International Copper Study Group.
Sao Paulo (Platts)--20 Mar 2017 516 pm EDT/2116 GMT
ArcelorMittal's Venezuelan steel pipe unit, Unicon, won a tender to
supply pipeline to the country's state-owned oil producer PDVSA, the country's
news agency said Monday.
London (Platts)--20 Mar 2017 1038 am EDT/1438 GMT
Atlantic met coal buyers may be anticipating sharp falls in pricing for
second quarter cargoes after paying a multi-year high under benchmark-related
Q1 contracts, but the current freight rate tendency may better support prices
for US cargoes.
London (Platts)--20 Mar 2017 1036 am EDT/1436 GMT
Coking coal industry reference prices in the second and third quarters of
2017 may end up close to current spot prices, with a growing sense of market
stability after a peak in prices seen at the end of last year, US investment
bank FBR said Friday.
London (Platts)--20 Mar 2017 1035 am EDT/1435 GMT
Prompt inquiries for April delivery continued to circulate in the
European aluminum alloy market this week, with a number of buyers seemingly
either experiencing additional demand or having not fixed ahead.
Singapore (Platts)--20 Mar 2017 651 am EDT/1051 GMT
China's production of major nonferrous metals such as copper, aluminum,
lead and zinc is expected to grow by 4.8% year on year in 2017, which is
equivalent to 55.37 million mt, according to a post made by the Ministry of
Industry and Information Technology late Friday.