MetalMiner IndX Reports

Uncertainty surrounding the level of construction spending in China continued to hinder construction markets there, as rebar for construction was the biggest mover this week on the weekly Construction MMI®, dropping down 2.4%. * Get the complete prices every day on the MetalMiner IndX℠ Despite the news out of China, there was plenty of positive domestic […]

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Hulamin Ltd. (HLM), Africa’s largest maker of fabricated aluminum products, has asked South African trade authorities to impose tariffs on aluminum sheet imports, mainly from Brazil. While exports to Brazil attract a 12 percent duty, aluminum sheet imports from Novelis Inc.’s South American business to beverage can-maker Nampak Ltd. in South Africa are exempt, Richard […]

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On Tuesday, the steel billet 3-month price experienced the biggest jump this year, rising a significant 5.4 percent on the LME to $390.00 per metric ton. The steel billet cash price remained essentially flat on the LME at $365.00 per metric ton. One of the major factors in this rise may have been that economic […]

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On Tuesday, March 11, the day’s biggest mover on the MetalMiner IndX℠ was Chinese copper wire, which saw a 6.4 percent decline. As noted in yesterday’s daily Copper MMI story, uncertainty over the amount of copper being warehoused by Chinese banking institutions as an investment is causing copper’s free-fall there. MetalMiner analyst Stuart Burns notes that even […]

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Glencore Xstrata is considering purchasing BHP Australia’s nickel assets, according to Bloomberg, while the nickel spot price saw a 1.3 percent drop on the LME on Tuesday, landing at $15,130 per metric ton and making it the biggest mover of the day on our stainless and nickel index. Also on the LME, the 3-month price […]

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Prices for silicon saw the biggest increase on the weekly Renewables MMI® this week, rising 0.7 percent. Chinese steel plate saw a 0.3 percent decline over the past week. The price of Chinese cobalt cathodes did not change since the previous week. Prices for neodymium remained constant. Silicon and other metals and materials renewables received […]

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Osisko Mining Corp. has reported that “proven and probable gold reserves now stand at 9.37 million ounces, a slight little lower due to the company using a lower gold price,” reports Kitco. “’Using a 12% lower gold price (US$1300 versus US$1475), the net difference from the 2013 estimate of 10.1 million ounces is only 235,000 […]

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The North American net new aluminum mill order index in February was down 7.1% from January, the Aluminum Association said Monday. New mill orders also slipped 2.9% from February 2013, and the year-to-date index is down 2%, the group said in a report. February plate orders tumbled 22% from January, but were up 15.6% from […]

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The cash price of steel billet saw a 1.4 percent drop on the LME on Monday, landing at $365.00 per metric ton and making it the biggest mover of the day. The steel billet 3-month price saw a 1.3 percent decline on the LME to $370.00 per metric ton. Chinese steel futures hit record lows […]

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Much of the recent speculation in nickel was based on the demand in China – the world’s largest user of industrial metals – and how its government might deal with its $21 trillion debt load in fiscal year 2014. Following two days of increases on the LME, the 3-month price of nickel dropped by 1 […]

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