November 2003

Ferro-vanadium firms on tight supply

Ferro-vanadium prices are firming to around $11 and above per kg after the recent wide price spread. “$10.50, 10.60, 10.70 [per kg] are gone”, said one producer, who reported that demand was still good and expected to remain so until mid-December, when the market traditionally quietens for the Christmas period.

Xstrata set to pay Vantech mine's sick workers

Xstrata AG, Zug, Switzerland, has signed an agreement to pay 2.2 million rand ($335,161) to 75 workers allegedly suffering from chemical bronchitis after working at the company's Vantech vanadium mine in South Africa.

Charge chrome prices could jump 20 percent

With negotiations for first-quarter charge chrome contracts looming, South African producers are talking about increases of up to 8-10 cents per lb as the rand continues to strengthen against the US dollar.

Dry spells lead to power cost rises in Scandinavia

Scandinavian electricity prices may be set for another rise because of increased demand and fears of a deficit in supply, sources have said.

Ferro-manganese up as plant closure looms

High carbon ferro-manganese prices in the USA are getting a boost from tight supplies, a situation exacerbated by the impending closure of Eramet's plant in Boulogne, France.

Standard & Poor's upgrades BHP Billiton rating

Standard & Poor's has raised its long-term corporate rating on BHP Billiton to A+ from A.

Tungsten firm as market awaits new Chinese licences

Increased domestic demand and the exhaustion of export quotas are creating tightness in the Chinese APT export market and are forcing prices up, while a question mark hangs over the level of APT tariff rebates for 2004.

Wide price range seen in European Fev market

European consumer purchases of ferro-vanadium were again reported in a wide price range this week, with business done as low as $10.50 per kg and as high as $11.20 per kg.