Latest newshttp://www.metalbulletin.com/RSS.aspx?FeedID=1854©2019 MB60Latest newsLIVE FUTURES REPORT 22/02: Trade talk progress buoys LME base metals prices; Cu climbs 1.2% on 37kt fresh cancelation Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday February 22, with three-month copper and nickel prices breaching nearby resistance levels, while trade sentiment around US-China trade talks continues to support commodity investments. http://www.metalbulletin.com/Article/3859730/LIVE-FUTURES-REPORT-2202-Trade-talk-progress-buoys-LME-base-metals-prices-Cu-climbs-12-on-37kt-fresh.htmlFri, 22 Feb 2019 10:30:00 GMTGerdau expects short-term price recovery for long steel in Brazil Latin American steelmaker Gerdau is expecting a price recovery in Brazil in the short term, especially for rebar, following the recent global uptrend and some domestic weakness reported in the last month.http://www.metalbulletin.com/Article/3859701/Gerdau-expects-short-term-price-recovery-for-long-steel-in-Brazil.htmlFri, 22 Feb 2019 05:43:00 GMTLIVE FUTURES REPORT 22/02: SHFE copper prices pressured by weak manufacturing data; others broadly upBase metals prices traded on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday February 22, with only copper and tin weakening. http://www.metalbulletin.com/Article/3859719/LIVE-FUTURES-REPORT-2202-SHFE-copper-prices-pressured-by-weak-manufacturing-data-others-broadly-up.htmlFri, 22 Feb 2019 05:10:00 GMTIN CASE YOU MISSED IT: 5 key stories from February 21Here are five Fastmarkets MB stories you might have missed on Thursday February 21 that are worth another look.http://www.metalbulletin.com/Article/3859711/IN-CASE-YOU-MISSED-IT-5-key-stories-from-February-21.htmlFri, 22 Feb 2019 00:05:00 GMTGerdau expects no steel sales fall from furnace stoppage at Ouro BrancoSteelmaker Gerdau will halt operations for 60 days at blast furnace No1 at its Ouro Branco mill in the south-eastern Brazilian state of Minas Gerais, starting in early June 2019, the company said on Thursday February 21. http://www.metalbulletin.com/Article/3859617/Gerdau-expects-no-steel-sales-fall-from-furnace-stoppage-at-Ouro-Branco.htmlThu, 21 Feb 2019 20:30:00 GMTLIVE FUTURES REPORT 21/02: Mixed trading in LME base metals sees Al up 2%Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 21, with strong afternoon performances in the prices of three-month aluminium, tin and lead amid a slowdown in copper and nickel activity. http://www.metalbulletin.com/Article/3859682/LIVE-FUTURES-REPORT-2102-Mixed-trading-in-LME-base-metals-sees-Al-up-2.htmlThu, 21 Feb 2019 18:42:00 GMTLower prices push North American Lithium to pause spodumene productionCanada-based North American Lithium has halted production of lithium spodumene at its La Corne mining operation in Quebec, eastern Canada, because of the lower spodumene prices in China, the company announced on Wednesday February 20. http://www.metalbulletin.com/Article/3859688/Lower-prices-push-North-American-Lithium-to-pause-spodumene-production.htmlThu, 21 Feb 2019 18:28:00 GMTTerrafame’s nickel output jumps 31% in 2018; plans production ramp-up Finnish multi-metal producer Terrafame plans to increase focus on nickel production this year, emboldened by a 31% year-on-year increase in the metal’s output in only its third full year of production in 2018. http://www.metalbulletin.com/Article/3859618/Terrafames-nickel-output-jumps-31-in-2018-plans-production-ramp-up.htmlThu, 21 Feb 2019 17:39:00 GMTCSN mining division signs $500 mln iron ore supply deal with GlencoreBrazilian steel and iron ore producer Companhia Siderúrgica Nacional (CSN) has signed a deal to supply iron ore to international trading company Glencore. http://www.metalbulletin.com/Article/3859679/CSN-mining-division-signs-500-mln-iron-ore-supply-deal-with-Glencore.htmlThu, 21 Feb 2019 17:35:00 GMTEramet's 2018 manganese ore output hits record 4.3mln tEramet produced a record 4.3 million tonnes of manganese ore in 2018, up 4% year on year, the company said.http://www.metalbulletin.com/Article/3859563/Eramets-2018-manganese-ore-output-hits-record-43mln-t.htmlThu, 21 Feb 2019 16:47:00 GMTBETTING ON BLOCKCHAIN: Anglo American unit leads diamonds blockchain initiative With the vast majority of the world’s diamonds estimated to be conflict-free following the development of certification procedures under the Kimberley Process, the mining industry is now developing a blockchain-based solution to track the supply chain of the precious stones. http://www.metalbulletin.com/Article/3859645/BETTING-ON-BLOCKCHAIN-Anglo-American-unit-leads-diamonds-blockchain-initiative.htmlThu, 21 Feb 2019 16:39:00 GMTLIVE FUTURES REPORT 21/02: Comex copper prices fail to keep up momentumCopper price moves on the United States’ Comex trading system reversed in morning trading on Thursday February 21 after recent trade talks between the US and China gave no boost to metal prices. http://www.metalbulletin.com/Article/3859613/LIVE-FUTURES-REPORT-2102-Comex-copper-prices-fail-to-keep-up-momentum.htmlThu, 21 Feb 2019 15:30:00 GMTEramet’s 2018 results show manganese alloy margin squeeze amid high ore pricesFrench mining and metallurgy company Eramet generated lower operating income from its manganese business in 2018 despite higher sales, the group announced in a results statement on Wednesday February 20. http://www.metalbulletin.com/Article/3859558/Eramets-2018-results-show-manganese-alloy-margin-squeeze-amid-high-ore-prices.htmlThu, 21 Feb 2019 13:02:00 GMTAfarak announces $7.4mln write down at Mogale, profit warning for full-year 2018 Afarak will write down its Mogale Alloys ferro-chrome plant in South Africa by €6.5 million ($7.4 million) in the fourth quarter of the year, it said alongside a profit warning for the full-year 2018 amid subdued ferro-chrome prices and rising costs. http://www.metalbulletin.com/Article/3859556/Afarak-announces-74mln-write-down-at-Mogale-profit-warning-for-full-year-2018.htmlThu, 21 Feb 2019 12:02:00 GMTLIVE FUTURES REPORT 21/02: Trade deal potential fails to spur LME base metals prices; copper holds above $6,300/t Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday February 21, with positive steps in US-China trade talks doing little to support slumping prices although both copper and nickel futures held ground. http://www.metalbulletin.com/Article/3859550/LIVE-FUTURES-REPORT-2102-Trade-deal-potential-fails-to-spur-LME-base-metals-prices-copper-holds-above.htmlThu, 21 Feb 2019 11:33:00 GMTVietnam's Formosa Ha Tinh hikes HRC offers by $40 per tonne on higher production costsMajor Vietnamese integrated steel producer Formosa Ha Tinh Steel has increased its new hot-rolled coil offers by $40 per tonne for April-delivery and shipment cargoes due to the recent increases in raw materials costs. http://www.metalbulletin.com/Article/3859538/Vietnams-Formosa-Ha-Tinh-hikes-HRC-offers-by-40-per-tonne-on-higher-production-costs.htmlThu, 21 Feb 2019 10:05:00 GMTMETALS MORNING VIEW 21/02: Metals' price rallies face headwinds from economic dataA correction is underway in the three-month base metals prices traded on the London Metal Exchange with prices off by an average of 0.5% on the morning of Thursday February 21, compared with Wednesday’s closing levels.http://www.metalbulletin.com/Article/3859541/METALS-MORNING-VIEW-2102-Metals-price-rallies-face-headwinds-from-economic-data.htmlThu, 21 Feb 2019 09:05:00 GMTVale complies with suspension order for Fábrica, Vargem Grande complexesVale says that it has carried out an immediate suspension of activities at its Fábrica and Vargem Grande complexes in compliance with a directive from Brazil’s National Mining Agency (ANM) in the wake of a deadly breach at one of the iron ore miner’s tailings dams.http://www.metalbulletin.com/Article/3859534/Vale-complies-with-suspension-order-for-Fbrica-Vargem-Grande-complexes.htmlThu, 21 Feb 2019 07:00:00 GMTLIVE FUTURES REPORT 21/02: SHFE base metals prices mixed following FOMC minutes; Cu supported Base metals prices on the Shanghai Futures Exchange were on divergent paths during Asian morning trading on Thursday February 21, with copper, tin and nickel edging higher, while the others were little changed to slightly weaker.http://www.metalbulletin.com/Article/3859533/LIVE-FUTURES-REPORT-2102-SHFE-base-metals-prices-mixed-following-FOMC-minutes-Cu-supported.htmlThu, 21 Feb 2019 05:05:00 GMTIN CASE YOU MISSED IT: 5 key stories from February 20Here are five Fastmarkets MB stories you might have missed on Wednesday February 20 that are worth another look.http://www.metalbulletin.com/Article/3859514/IN-CASE-YOU-MISSED-IT-5-key-stories-from-February-20.htmlThu, 21 Feb 2019 00:05:00 GMTArgentina's Ternium Siderar expects fall in steel shipments in Q1Argentina’s sole flat steel producer, Ternium Siderar, expects its steel shipment volumes to decrease in the first quarter of 2019, and to start a recovery only in the second quarter, due to continuing inventory adjustments among clients. http://www.metalbulletin.com/Article/3859517/Argentinas-Ternium-Siderar-expects-fall-in-steel-shipments-in-Q1.htmlWed, 20 Feb 2019 20:40:00 GMTNo effect on Ternium's slab output in Brazil from iron ore disruptions, CEO saysTernium does not expect that the iron ore supply disruptions in Brazil will have any early effects on output from its slab-producing unit in the country, chief executive officer Máximo Vedoya said during a conference call to discuss results for 2018. http://www.metalbulletin.com/Article/3859504/No-effect-on-Terniums-slab-output-in-Brazil-from-iron-ore-disruptions-CEO-says.htmlWed, 20 Feb 2019 20:00:00 GMTBETTING ON BLOCKCHAIN: Trial under way on Rwanda’s artisanal tungsten miningA blockchain pilot project designed to demonstrate the presence of artisanal and small-scale mining (ASM) sites in the tungsten supply chain is scheduled to be completed in May 2019. http://www.metalbulletin.com/Article/3859428/BETTING-ON-BLOCKCHAIN-Trial-under-way-on-Rwandas-artisanal-tungsten-mining.htmlWed, 20 Feb 2019 18:04:00 GMTLIVE FUTURES REPORT 20/02: LME copper breaches $6,400/t in rally; nickel gains momentumCopper’s three-month price on the London Metal Exchange was up over 1% at the close of trading on Wednesday February 20, breaching $6,400 per tonne for the first time since July 2018 amid high volumes and dwindling LME stocks. http://www.metalbulletin.com/Article/3859500/LIVE-FUTURES-REPORT-2002-LME-copper-breaches-6400t-in-rally-nickel-gains-momentum.htmlWed, 20 Feb 2019 17:55:00 GMTVital agrees deal to buy bismuth pharma activity from Orrion ChemicalsMinor metals producer Vital Materials has reached a final agreement with French company Orrion Chemicals for the acquisition of bismuth specialties activity supported by Spanish entity Orrion Chemicals Bischem (OCB), Vital said on Wednesday February 20. http://www.metalbulletin.com/Article/3859359/Vital-agrees-deal-to-buy-bismuth-pharma-activity-from-Orrion-Chemicals.htmlWed, 20 Feb 2019 16:25:00 GMTLIVE FUTURES REPORT 20/02: Comex copper price builds on positive trade momentumThe Comex copper market continued to move in a positive direction on Wednesday February 20, with global trade talks between the United States and China showing progress.http://www.metalbulletin.com/Article/3859393/LIVE-FUTURES-REPORT-2002-Comex-copper-price-builds-on-positive-trade-momentum.htmlWed, 20 Feb 2019 16:06:00 GMTTurkish crude steel output down 19.54% in JanuaryTurkey produced 2,565,000 tonnes of crude steel in January 2019, a 19.54% decrease compared with January 2018, according to the Turkish Steel Producers Association (TÇÜD). http://www.metalbulletin.com/Article/3859389/Turkish-crude-steel-output-down-1954-in-January.htmlWed, 20 Feb 2019 16:06:00 GMTFerro-alloys, copper successions most meaningful since IPO - Glencore's GlasenbergGlencore’s leadership changes in its ferro-alloys and copper departments represent the most meaningful steps in development and succession since the trader-miner’s initial public offering (IPO), chief executive officer Ivan Glasenberg said. http://www.metalbulletin.com/Article/3859425/Ferro-alloys-copper-successions-most-meaningful-since-IPO-Glencores-Glasenberg.htmlWed, 20 Feb 2019 15:33:00 GMTGlencore sees healthy cobalt demand, recovering prices after difficult 2018 Trader-miner Glencore expects healthy future demand for cobalt and a bottoming out of prices after a difficult second half of 2018, its senior executives said on Wednesday February 20 during its full-year results announcement. http://www.metalbulletin.com/Article/3859366/Glencore-sees-healthy-cobalt-demand-recovering-prices-after-difficult-2018.htmlWed, 20 Feb 2019 11:52:00 GMTLIVE FUTURES REPORT 20/02: Positive trade sentiment buoys LME base metals prices; Cu, Ni continue uptrend Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Wednesday February 20, with market sentiment benefiting from continuing trade negotiations between the United States and China. http://www.metalbulletin.com/Article/3859363/LIVE-FUTURES-REPORT-2002-Positive-trade-sentiment-buoys-LME-base-metals-prices-Cu-Ni-continue-uptrend.htmlWed, 20 Feb 2019 10:49:00 GMT