Latest newshttp://www.metalbulletin.com/RSS.aspx?FeedID=1854©2021 MB60Latest newsChina’s Tsingshan commences nickel matte production in IndonesiaChinese stainless steel mill Tsingshan has successfully commenced production of nickel matte in Indonesia, the company said via its WeChat account on Thursday December 9.http://www.metalbulletin.com/Article/4019602/Chinas-Tsingshan-commences-nickel-matte-production-in-Indonesia.htmlThu, 09 Dec 2021 10:49:00 GMTLME base metal futures mixed, nickel declines 1.5%Base metals futures on the London Metal Exchange were mixed at the 9am open on Thursday December 9, with macro forces such as the Omicron variant of COVID-19 continuing to cause price volatility.http://www.metalbulletin.com/Article/4019600/LME-base-metal-futures-mixed-nickel-declines-15.htmlThu, 09 Dec 2021 10:06:00 GMTIron ore shipments from Australia's Port Hedland up by more than 4% year on year in NovemberAustralian iron ore shipments from Port Hedland in Western Australia increased to 43.4 million tonnes in November, up 4.2% compared with the same month in 2020, according to data released by the Pilbara Port Authority on Thursday December 9.http://www.metalbulletin.com/Article/4019596/Iron-ore-shipments-from-Australias-Port-Hedland-up-by-more-than-4-year-on-year-in-November.htmlThu, 09 Dec 2021 09:05:00 GMTBase metals prices mixed but overall still heading sidewaysBase metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Thursday December 9. This comes after a strong performance on the LME on Wednesday, when prices closed up by an average of 1.7%.http://www.metalbulletin.com/Article/4019595/Base-metals-prices-mixed-but-overall-still-heading-sideways.htmlThu, 09 Dec 2021 08:51:00 GMTMiners look beyond iron ore in green steel driveMining majors are looking beyond their core product base of iron ore to diversify into new products to feed demand for greener steelmaking raw materials, especially while decarbonization efforts in key import market China heat up amid vocal support to reduce pollution by the central government.http://www.metalbulletin.com/Article/4019591/Miners-look-beyond-iron-ore-in-green-steel-drive.htmlThu, 09 Dec 2021 05:05:00 GMTFive key stories from December 8Here are five Fastmarkets stories you might have missed on Wednesday December 8 that are worth another look.http://www.metalbulletin.com/Article/4019587/Five-key-stories-from-December-8.htmlThu, 09 Dec 2021 00:05:00 GMTMMK announces new production units, targets 13.5 million tonnes of steel by 2025Russian steelmaker Magnitogorsk Iron & Steel Works (MMK) plans to increase its total steel production to 13.5 million tonnes by 2025, up by 9% from the estimated 2021 production of 12.4 million tonnes, by investing in two new production units, the company said on Tuesday December 7.http://www.metalbulletin.com/Article/4019459/MMK-announces-new-production-units-targets-135-million-tonnes-of-steel-by-2025.htmlWed, 08 Dec 2021 22:48:00 GMTIncreased recycling to restrain aluminium smelter expansions, Barclays saysPrimary aluminium smelter expansions will need to be very well-positioned on the cost curve and linked to low or zero-carbon power in order to get the green light as the industry pushes to decarbonize, according to a report by Barclays.http://www.metalbulletin.com/Article/4019575/Increased-recycling-to-restrain-aluminium-smelter-expansions-Barclays-says.htmlWed, 08 Dec 2021 22:31:00 GMTImpact-investment fund sets sight on 'zero emission' lead-acid battery recycling tech A climate impact-focused investment firm backed by giant conglomerates including Coca Cola has set its sight on the soon-to-be $40 billion battery recycling industry. http://www.metalbulletin.com/Article/4019561/Impact-investment-fund-sets-sight-on-zero-emission-lead-acid-battery-recycling-tech.htmlWed, 08 Dec 2021 21:46:00 GMTLack of finance could constrain mining amid ESG concerns, IMF saysInsufficient financing for metals and mining investment due to growing investor focus on environmental, social and governance (ESG) considerations could constrain production and add to potential supply-chain bottlenecks, according to analysts at the International Monetary Fund (IMF).http://www.metalbulletin.com/Article/4019565/Lack-of-finance-could-constrain-mining-amid-ESG-concerns-IMF-says.htmlWed, 08 Dec 2021 21:10:00 GMTIron ore prices set to average $100-120/t in 2022, CSN saysIron ore prices will trade within a range of $100-120 per tonne in 2022 amid balanced global supply-demand fundamentals, and Companhia Siderúrgica Nacional (CSN) is aiming to capture a $4.50-per-tonne quality gain in that scenario, the Brazil-based company said on Wednesday December 8. http://www.metalbulletin.com/Article/4019556/Iron-ore-prices-set-to-average-100-120t-in-2022-CSN-says.htmlWed, 08 Dec 2021 19:54:00 GMTGrowing CO2 emission price to increase DRI-based steelmaking efficiency, MEIS saysGrowing carbon dioxide (CO2) emissions prices will increase the efficiency of steelmaking based on direct-reduction iron (DRI) compared to traditional basic oxygen furnace (BOF) steel production, Dmitriy Nikolayenko, Metinvest’s sales director said at the Middle East Iron & Steel (MEIS) event on Wednesday December 8.http://www.metalbulletin.com/Article/4019505/Growing-CO2-emission-price-to-increase-DRI-based-steelmaking-efficiency-MEIS-says.htmlWed, 08 Dec 2021 18:16:00 GMTLead, zinc rally at LME close; inventories remain lowBase metals prices on the London Metal Exchange were mostly higher at the close on Wednesday December 12, with lead rallying over 4%.http://www.metalbulletin.com/Article/4019552/Lead-zinc-rally-at-LME-close-inventories-remain-low.htmlWed, 08 Dec 2021 18:10:00 GMTSibanye-Stillwater buys stake in tailings retreatment firm New CenturyMiner Sibanye-Stillwater has completed its acquisition of a 19.99% stake in New Century Resources Limited, which owns the Century tailings zinc retreatment operations in Queensland, Australia, the company said.http://www.metalbulletin.com/Article/4019503/Sibanye-Stillwater-buys-stake-in-tailings-retreatment-firm-New-Century.htmlWed, 08 Dec 2021 16:58:00 GMTGreenland's massive zinc mine first to tap US fund against China at 'transformation' raceIronbark Zinc has secured funds from Export-Import Bank of US (EXIM) to quicken its pace of bringing a major zinc-lead deposit in Greenland online, after years of efforts to lure Chinese investment. http://www.metalbulletin.com/Article/4019437/Greenlands-massive-zinc-mine-first-to-tap-US-fund-against-China-at-transformation-race.htmlWed, 08 Dec 2021 15:40:00 GMTBrazil’s CSN estimates lower steel sales, higher iron ore output in 2022 guidanceBrazil-based steelmaker and iron ore producer Companhia Siderúrgica Nacional (CSN) maintained its full-year 2021 guidance on Wednesday December 8, while also projecting a decline in steel sales volumes and higher iron ore production in 2022.http://www.metalbulletin.com/Article/4019456/Brazils-CSN-estimates-lower-steel-sales-higher-iron-ore-output-in-2022-guidance.htmlWed, 08 Dec 2021 14:46:00 GMTSaudi Arabia to balance steel output by 2035, steel committee vice-chairman tells MEIS conferenceSaudi Arabia is aiming to balance its flat and long steel output by 2030, or 2035 at the latest, according to Mohammad Al Jabr, vice-chairman of the country's National Committee for Steel. http://www.metalbulletin.com/Article/4019452/Saudi-Arabia-to-balance-steel-output-by-2035-steel-committee-vice-chairman-tells-MEIS-conference.htmlWed, 08 Dec 2021 14:06:00 GMTNickel Mines to acquire 70% stake in Indonesia’s Oracle nickel projectAustralia’s Nickel Mines will buy a 70% stake in the Oracle nickel project in Indonesia as part of its binding definitive agreement with Shanghai Decent Investment (Group), a unit of China’s Tsingshan Group, the former said on Wednesday December 8.http://www.metalbulletin.com/Article/4019428/Nickel-Mines-to-acquire-70-stake-in-Indonesias-Oracle-nickel-project.htmlWed, 08 Dec 2021 12:49:00 GMTPRICING NOTICE: Correction to weekly ferro-chrome benchmark indicatorFastmarkets MB has corrected its weekly ferro-chrome benchmark indicator, which was published incorrectly on Tuesday December 7 because of a technical issue.http://www.metalbulletin.com/Article/4019432/PRICING-NOTICE-Correction-to-weekly-ferro-chrome-benchmark-indicator.htmlWed, 08 Dec 2021 11:28:00 GMTTrafigura reports record profits, turnover, volumes handled in 2021A summary of Trafigura's 2021 financial results for the financial year ending September 30, 2021http://www.metalbulletin.com/Article/4019420/Trafigura-reports-record-profits-turnover-volumes-handled-in-2021.htmlWed, 08 Dec 2021 11:16:00 GMTUmicore, Volkswagen to establish JV to produce EV battery materialsBelgian battery materials manufacturer Umicore and German automotive producer Volkswagen AG plan to establish a joint venture (JV) to build up electric vehicle (EV) battery precursor and cathode material production capacities in Europe to supply the latter’s European battery cell production, the company said on Wednesday December 8.http://www.metalbulletin.com/Article/4019421/Umicore-Volkswagen-to-establish-JV-to-produce-EV-battery-materials.htmlWed, 08 Dec 2021 11:06:00 GMTLME nickel maintains uptrend amid positive market Base metals prices on the London Metal Exchange either held on to their prevailing levels or edged up in the morning of Wednesday December 8 on a number of segment-specific drivers. http://www.metalbulletin.com/Article/4019419/LME-nickel-maintains-uptrend-amid-positive-market.htmlWed, 08 Dec 2021 10:23:00 GMTTeck lowers Q4 steelmaking coal sales guidance after weather-related disruption in CanadaCanadian miner Teck Resources has updated its sales and production guidance for steelmaking coal for the fourth quarter 2021, due to the logistics disruptions caused by heavy rains, flooding and mudslides in British Columbia, Canada. http://www.metalbulletin.com/Article/4019412/Teck-lowers-Q4-steelmaking-coal-sales-guidance-after-weather-related-disruption-in-Canada.htmlWed, 08 Dec 2021 10:20:00 GMTChina’s iron ore imports hit 13-month high in NovemberChina imported about 105 million tonnes of iron ore in November 2021, up by 7% year on year and 15% higher than in October, according to the latest Chinese customs data. http://www.metalbulletin.com/Article/4019409/Chinas-iron-ore-imports-hit-13-month-high-in-November.htmlWed, 08 Dec 2021 08:57:00 GMTLate November surge sees Cisa member mills post 9.5% rise in finished steel output Member mills of the China Iron & Steel Association (Cisa) raised their finished steel production rates by 9.47% in late November compared with the preceding 10 days, according to data published by the China Iron & Steel Association (Cisa) on Tuesday December 7. http://www.metalbulletin.com/Article/4019410/Late-November-surge-sees-Cisa-member-mills-post-95-rise-in-finished-steel-output.htmlWed, 08 Dec 2021 08:37:00 GMTChina's steel imports surge in November, but exports fall China’s finished steel imports increased by 26.4% month on month in November while exports dipped, preliminary Chinese customs data released on Tuesday December 7 showed.http://www.metalbulletin.com/Article/4019408/Chinas-steel-imports-surge-in-November-but-exports-fall.htmlWed, 08 Dec 2021 06:58:00 GMTZinc up 2% on strong technical support, dip-buying boosts nickelZinc and aluminium prices were higher at the 5pm close of trading on the London Metal Exchange on Tuesday December 7, with both trading close to the technical support zone, while nickel surged above the $20,100-per-tonne mark. http://www.metalbulletin.com/Article/4019393/Zinc-up-2-on-strong-technical-support-dip-buying-boosts-nickel.htmlTue, 07 Dec 2021 19:57:00 GMTRussia to have new 1-mln tpy rail-rolling mill by 2024-25, MEIS hearsNovostal-M, the owner of Russia’s Abinsk Electric Steel Works and Balakovo Steel Mill, is working on the construction of a rail-rolling mill at the Balakovo site which will have capacity for 1 million tonnes per year, Fastmarkets learned during its Middle East Iron & Steel (MEIS) event. http://www.metalbulletin.com/Article/4019390/Russia-to-have-new-1-mln-tpy-rail-rolling-mill-by-2024-25-MEIS-hears.htmlTue, 07 Dec 2021 19:43:00 GMTNew ‘green steel’ plant to be built in Ardersier, ScotlandThe owner of Ardersier Port in the north of Scotland plans to build a production unit for long steel materials made in ‘green steel’ as part of a plan to transform the site into Europe’s first fully circular Energy Transition Facility, the company said on Thursday December 2. http://www.metalbulletin.com/Article/4019380/New-green-steel-plant-to-be-built-in-Ardersier-Scotland.htmlTue, 07 Dec 2021 18:10:00 GMTUAE steelmakers form committee during MEISThe Steel Producers’ Committee (SPC) has been launched on the sidelines of Fastmarkets’ Middle East Iron & Steel Conference on Monday December 6.http://www.metalbulletin.com/Article/4019379/UAE-steelmakers-form-committee-during-MEIS.htmlTue, 07 Dec 2021 18:09:00 GMT