January 2012

China's ferro-chrome imports will remain strong in Q1 on restocking

China’s imports of ferro-chrome are likely to stay at a relatively high level in the first quarter as buyers restock, market participants said.

US silicomanganese price increase sticking

A January price increase by the leading domestic supplier of silicomanganese looks to be gaining traction as prices are said to be firming, market players told AMM.

MB NON-FERROUS PRICE CHANGES

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

Anglo boosts copper production by 10% in Q4

Anglo American boosted its copper volumes by 10% year-on-year in the quarter ended December 31 as the Los Bronces expansion came into production, offsetting lower output from Collahuasi, the company said on Thursday January 26.

Former Nizi traders set up Luxembourg Metallurgical Trading

Three former Nizi International traders have set up Luxembourg Metallurgical Trading (LMT), a new ferro-alloys trading house, Metal Bulletin understands.

COMMENT: An exciting start to the year, especially for Glencore's Blumgart

The third week of calendar year 2012 went off frantically as far the metal markets go.

Ferromanganese producers seek higher pricing

Refined ferromanganese producers are said to pushing back on prices that have plummeted to historic lows, market participants told AMM.

European silico-manganese producers sold out as Indian floor price bites

Major European ferro-alloys producers have sold out of silico-manganese material, boosting prices in an already tight market as Indian producers uphold a floor price agreed in recent weeks.

MB NON-FERROUS PRICE CHANGES

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

Indian silico-manganese producers set floor price at 'emergency meeting' [UPDATE]

[Adds confirmation from source in India that producers met, discussed price] A modest rise in silico-manganese prices in Western Europe is partly the result of a group of producers in India having met and agreed an unofficial floor price after months of unprofitable business, market sources told Metal Bulletin.