On balance Cuba isn’t having a great time. True nickel prices are doing okay and production at the country’s principal mines is doing well. The largest, Pedro Soto Alba plant, is a joint venture with Sherritt International of Canada and hit a monthly record in February producing 106 tons daily while a second plant state-run [...]
The LME’s minor metals contract has been up and running for two months now and although both are at a nascent stage they have already begun to exhibit diverging patterns of behavior. Molybdenum prices have stagnated whereas cobalt prices have picked up markedly. Although it is premature to be drawing any conclusions at this stage [...]
The London Metal Exchange started trading today of the long awaited cobalt and molybdenum contracts. A lot is riding on them; the exchanges previous new products, plastics and steel have been respectively a failure and at best a muted success. Plastic was removed from open cry trading this month and steel billets, currently traded as [...]
As many a consultant might say, the best way to rid oneself of high material cost is to not design it in, in the first place! Though MetalMiner frequently looks at the range of metals categories from a strategic sourcing perspective, it would behoove us not to discuss various metal product innovations particularly when they [...]
I am reminded every day how sourcing strategies in today’s red hot metals markets don’t really resemble the strategies of just a couple of years ago. Today, we learned of a company whose China supplier needed to execute a contract cancellation clause because it couldn’t purchase its raw materials at a price to supply profitably. [...]
For years tungsten supply and demand used to hang in a balance if you will. This widely used but often overlooked metal featured as a significant cost inflator. Tungsten has been considered a strategic metal due to its use in cemented carbide parts for wear resistant applications such as drilling, mining and metalworking. In addition, [...]
What a difference a day makes, or so the song goes. In this case it has been a couple of months since our last Cobalt post on January 16. At that time, Cobalt had reached $40/lb. and was widely tipped to top $50/lb during the year ahead. Here we are just three months into the [...]
For any consumer of Cobalt metal or components with any significant Cobalt content the price pressures must have been nigh on unbearable this past year. Driven by consumer demand and an element of speculative buying in the face of tight supplies, Cobalt has increased from $13/lb at the beginning of 2006 to $27/lb at the [...]