June 2013

FACTS: China’s minor metals and ferro-alloys imports in May

A quick summary of China’s minor metals and ferro-alloys import figures for May 2013.

China’s high carbon ferro-chrome imports drop 20% in May

China’s imports of high carbon ferro-chrome dropped 20.4% month-on-month in May with volumes at their lowest since September 2012, as domestic market prices remained decoupled from the international market.

Zimasco, Zim Alloys Chrome should lose excess chrome claims – Zimbabwean Parliament

Zimbabwe’s Parliament says that the country's government should force Zimasco and Zim Alloys Chrome to sell excess chrome concessions, to unlock fresh investment in the sector.

CHARGE CHROME INDEX: Import prices hold steady in China

Charge chrome prices held in China on Friday June 14 on thin spot business a week after large quarterly volumes were settled.

Glencore Xstrata chrome mines continue 'minimal' operations as strike persists

Three Glencore Xstrata chrome mines in South Africa are conducting “minimal” operations, as a strike that is now in its third week continues to adversely affect output, South African company spokesman Christopher Tsatsawane said.

Yildirim closes in on purchase of Mechel chrome assets

Yildirim Group is the favourite to buy Mechel’s Voskhod Mining Plant and 120,000 tpy Tikhvin Ferro-alloys Plant, Metal Bulletin understands.

PRICING NOTICE: Metal Bulletin's Turkish lumpy chrome ore price specification

Metal Bulletin is reviewing the specification for its Turkish lumpy chrome ore price quotation.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

Zimbabwe's Meikles ventures into chrome, iron ore mining

Meikles Ltd, a conglomerate listed on the Zimbabwean Stock Exchange (ZSE), has set up mining subsidiary Meikles Resources, which it says will start mining operations as early as 2014.