December 2011

METAL MARKETS IN 2012: Reasons for cautious hope

There are several reasons why metal markets need not be a total disappointment in 2012.

MB NON-FERROUS PRICE CHANGES

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

Manganese ore imports surge as China recovers from October slump

Manganese ore imports into China surged by 72.2% month-on-month in November after a massive slump in October.

MB NON-FERROUS PRICE CHANGES

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

Competition pushes down US prices for silicomanganese

Silicomanganese tags in the domestic market have fallen to levels last seen in early 2009 due to competition among suppliers for first-quarter business, market participants told AMM.

US ferrochrome imports rise in October

U.S. imports of ferrochrome jumped 56.7 percent year on year in October, mainly on the back of a rise in shipments from South Africa and Kazakhstan, according to data from the U.S. International Trade Commission (ITC).

DLA offering high-carbon ferromanganese

DLA Strategic Materials has offered high-carbon ferromanganese again under its basic ordering agreement in December after market participants showed increased interest.

Taigang cuts silico-manganese price for January on downward steel price trend

Taigang has cut its purchase price for silico-manganese in January, 2012, shaking market confidence.

South African ores exchange plans to progress in late January

Oremetex, the company founded by Clinton Wood as part of plans to launch an ores exchange in South Africa, hopes to have gathered all the industry feedback it needs on the proposition by the second half of January 2012, preparing the ground for a push towards a launch date.

MB NON-FERROUS PRICE CHANGES

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