Korea Zinc has raised premiums for 2013 term shipments by around a third in Asia as smelter cut backs in China and warehousing deals curbed supply of the metal. Sources said that Korea Zinc will charge USD 120 for 2013 term shipments to ...
Tags: Korea Zinc, smelter cut, metal, premiums
Reuters reported that China's production of refined copper rose in November to a record high for the second straight month as more domestic manufacturers turned to local smelters for supplies that traders said were cheaper than imports. ...
Tags: refined copper, local smelters, smelters, copper industry
Reuters reported that London copper inched up after a prominent US lawmaker expressed confidence the world's top economy would avert a looming fiscal crisis but worries China's return to growth will be sluggish weighed on sentiment. ...
Arab News cited Mr Abdullah Al Badri secretary general of OPEC as saying that ahead of the oil exporting group's meeting in Vienna next week. The market is comfortable as I see it at this time. OPEC is expected to stick with an output ...
Tags: oil exporting, OPEC, global economy, energy demand
Bloomberg reported that iron ore inventories in China,the biggest user of the steelmaking ingredient,dropped to the lowest levels in 2 years as higher demand pushed up prices. According to weekly data from researcher Beijing Antaike ...
November heralds the beginning of price retracing as the winter sets in and 2012 draws to close. Irrespective of some glimmer in HSBC PMI index climbing to 50.4 this week in 13 months fragility of demand and global economy continues to ...
Magnetation LLC announced today that it has selected Reynolds, Indiana as the site to build its new iron ore pellet plant. The new facility will produce high-quality iron ore pellets, a critical raw material in the steelmaking process. ...
Reuters reported that finnish nickel miner Talvivaara postponed the restart of mining at its site in the east of the country by six months due to rain-related problems, raising fresh concerns over its future metals production. One analyst ...
Tags: mining, nickel miner, Talvivaara, nickel output
Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. According to the ...
Tags: copper, supply shortage, metal, mines extract, slowing growth
Gindalbie Metals Limited announced that it is currently loading its 10th shipment of hematite direct shipping ore through the Karara export terminal at Geraldton, Western Australia. With this shipment, the total iron ore shipments from ...
The mystery of steel price plummeting amidst improving economic parameters in China can be imputed to destocking at the traders and stockiest end. Use of steel products particularly HRC as collateral for availing credit by the market ...
Tags: steel, steel products, iron, steel mills
Reuters reported that London copper edged down after rising for two weeks in a row although signs of economic recovery in top consumer China and hopes for Greece to avert an imminent bankruptcy kept a floor under prices. Copper prices ...
Reuters reported that London copper was steady and set to log a second week of gains after recent data fuelled hope that the Chinese and US economies have finally turned a corner but the Thanksgiving holiday in the United States drained ...
Tags: London Copper, copper, Chinese and US economies, Thanksgiving holiday
Natural rubber stocks in Shanghai warehouses stood at 90,325 mt as of November 23,up 35%from 66,675 mt on November 16,due to weak local demand,market participants said Monday. Traders said local spot buying had slowed down because of poor ...
Tags: natural rubber, stocks, weak local demand, imports, Shanghai
The delayed quarterly reprocessing data for packaging in the third quarter of 2012 was published on the Environment Agency’s (EA’s) National Packaging Waste Database website on Tuesday night (23 October). The figures, which were ...
Tags: market view, Glass recycling