Minor & precious metals

Selenium prices drop as China, India put pressure on market
May 23, 2012 - 14:19 GMT
Selenium prices dropped on Wednesday as market participants in India sold cheaply and Chinese buyers demanded lower prices from international suppliers, pointing to weak domestic demand.
Glencore takes control of Mutanda in $340m deal
May 22, 2012 - 11:53 GMT
Glencore has taken majority control of Mutanda Mining and its operations in the Democratic Republic of Congo, in a $340 million share purchase deal.
Antimony prices creep higher, manganese dips on China-Vietnam border situation
May 18, 2012 - 12:52 GMT
Antimony prices crept higher on Friday May 18 while manganese prices fell, as the supply of each was affected by the clampdown on border trade between China and Vietnam.
LME revenues up; profits dip on higher running costs
May 17, 2012 - 15:18 GMT
The London Metal Exchange achieved pre-tax profits of £11.38 million ($18.15 million) in 2011, down 8.7% as the company saw expenses jump by nearly a third due to higher operational costs.
British Columbia scrap export rules to be tightened
May 16, 2012 - 04:30 GMT
Scrap metal dealers in the Pacific coast Canadian province of British Columbia will face tighter regulations from July 23, as its government struggles with widespread theft of high-value metals.

More Minor & Precious Metals

May 24, 2012 17:28 Pan American Silver’s revenues up 20% in Q1
May 24, 2012 10:04 Rubamin ceases production of cobalt; Chemlock diversifying
May 24, 2012 00:15 PolyMet expects review by 1st qtr.
May 24, 2012 00:12 Electrolytic manganese sale price irks market
May 23, 2012 19:51 Trevali buys mill to ease Halfmile start-up
May 23, 2012 17:01 MB NON-FERROUS PRICE CHANGES
May 23, 2012 15:47 Ferro-titanium prices dwindle as suppliers lower ambitions
May 23, 2012 14:19 Selenium prices drop as China, India put pressure on market
May 23, 2012 12:59 China's bismuth price rebound proves short-lived
May 23, 2012 12:53 Selenium price drop accelerates in China
May 23, 2012 04:10 South Australia still optimistic about BHP's Olympic Dam
May 23, 2012 00:47 Temco restart may crimp US manganese alloy tags
May 23, 2012 00:19 US Mag's Utah plant expansion nearly done
May 22, 2012 23:56 Magnesium oversupply fears said overblown
May 22, 2012 23:26 Antofagasta said key to Twin Metals venture
May 22, 2012 12:05 DRC suspends TTT Mining, Huaying for trading in unlabelled minerals
May 22, 2012 11:53 Glencore takes control of Mutanda in $340m deal
May 22, 2012 10:25 DRC's copper, cobalt and zinc output rose in 2011
May 22, 2012 07:08 China cobalt conc import rebounds from three-year low in April
May 22, 2012 06:17 BHP decides Temco manganese plant is still viable
May 21, 2012 20:33 Inmet to start on Cobre Panama project
May 21, 2012 16:22 Indium Corp to open new minor metals plant in New York
May 21, 2012 14:32 SocGen directors to launch Belaco Capital commodities fund
May 21, 2012 11:20 Glencore acquires 28.5% of Mineração Caraíba
May 21, 2012 11:03 Germanium prices rise further in China
May 21, 2012 02:00 Buyers and material limited in stable cobalt market
May 21, 2012 02:00 RBC downgrades Anglo share recommendation on PGM uncertainty
May 18, 2012 17:17 MB NON-FERROUS PRICE CHANGES
May 18, 2012 12:52 Antimony prices creep higher, manganese dips on China-Vietnam border situation
May 18, 2012 11:11 Vedanta full year Ebitda up; working to improve safety after 22 worker deaths
May 18, 2012 02:00 India's Hindujas seeks suitor as it waits for mining reforms
May 17, 2012 15:18 LME revenues up; profits dip on higher running costs
May 17, 2012 15:11 BHP Billiton may slow spending on its Olympic Dam project — analysts
May 17, 2012 14:48 BHP Billiton curbs $80bn spending plans
May 17, 2012 13:22 Antofagasta earnings up in Q1 on improved revenues
May 16, 2012 16:59 MB NON-FERROUS PRICE CHANGES
May 16, 2012 14:11 Glencore signs MoU with Nigeria to study investments up to $1bn
May 16, 2012 09:10 RESOURCE NATIONALISM: Argentina’s government gives mining companies 15 days to present plan to replace imports
May 16, 2012 06:03 Freeport-McMoran expects China demand to boost copper projects
May 16, 2012 05:37 Freeport working to return Grasberg to normal

[more]


Daily Metal Bulletin Ferrous scrap Index HMS 1&2 (80:20 mix) $ per tonne cfr Turkey	425.26
Metal Bulletin Ferrous Scrap Index shredded $ per tonne cfr India	476.28
Metal Bulletin Ferrous Scrap Index HMS 1&2 (80:20 mix) $ per tonne fob Rotterdam	410.21

Comment & analysis

COMMENT: Keep calm and carry on?

The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?
COMMENT: Asian day, Asian Week: it’s Asia's time

Will the 20% of outright three-month business that has recently been done on the London Metal Exchange during the Asian day soon look relatively minuscule?
COMMENT: Polysilicon production comes out from under a cloud

Are the prospects looking bright again for the polysilicon market?

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Poll of the week

To what extent has the handling of the MF Global bankruptcy, UBS’ rogue trading scandal and now JP Morgan’s harpooning of the London Whale damaged your confidence in the City as a global financial hub?

Not at all – these events could have happened anywhere
Slightly – large losses and the slow recovery of client cash suggest the regulatory framework could be stronger
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