March 2012

Profit-taking sinks US silicomanganese prices

US silicomanganese prices have eased amid profit-taking by market participants holding small stocks of material.


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

Felman keeps US silicomanganese at 80¢/lb.

Felman Trading Inc. has set its minimum April sales price for regular silicomanganese at 80 cents per pound, unchanged from this month.

Chinese customs cracked a smuggling ferro-alloys case

Chinese customs has cracked a smuggling ferro-alloys case recently, worth almost 120 million yuan ($19 million) and nearly 20 million yuan suspected tax evasion, said official news agency Xinhua.

MB ASIAN FERRO-ALLOYS: Yugochrom restarts ferro-silicon production on stronger market

Macedonia-based ferro-silicon producer Yugochrom will ramp up output again in April on stronger markets, after shutting production late last year in response to the poor prices at the time, an executive at its owner Camelot Group told Metal Bulletin.

RESOURCE NATIONALISM: Brazil's Pará state imposes new mining tax

Brazil’s northern Pará state has imposed a new tax on mining activities, governor Simão Jatene said in Pará’s official gazette on Monday March 26.

Kaboko Mining signs manganese ore offtake deal with Sinosteel

Kaboko Mining, a Zambia-focused manganese exploration and mining company, has signed a strategic offtake agreement with Sinosteel Australia for exports of manganese ore to China.

Taigang cuts April nickel pig iron price as spot prices tumble

Taigang Stainless has cut its high-grade nickel pig iron bid price for April, tracking falling spot prices.

US producers get higher prices for medium-carbon ferromanganese

Medium-carbon ferromanganese prices are on the rise in the US market, swept along by a recent increase in other manganese alloy tags and an unwillingness by producers to sell at lower levels.

Darton’s Walton to replace Darby as MMTA chair

Darton Commodities co-founder Roy Walton will replace Guy Darby as chairman of the Minor Metals Trade Association in April, after a board vote to find Darby’s successor.