June 2012

Horsehead plans bond issue to fund zinc smelter

Horsehead Holding Corp. intends to issue some $175 million in bonds in the coming weeks to finance the ongoing construction of its new Rutherford County, N.C., zinc smelter, a company executive told Metal Bulletin sister publication AMM.

AMM: Manganese alloy tags under pressure

Manganese alloy prices have come under pressure amid seasonally weaker steel production and adequate supply in the market.

HOTLINE: Thanks for the offer, but...

If you call a broker for a quote, how long would you expect him or her to hold it for you? A minute? Three minutes?

AMM: Ferrosilicon prices hit ‘12 low as slowdown sparks sell-off

Ferrosilicon prices have fallen to their lowest levels thus far this year, as traders seek to unload material due to slowing spot demand and uncertainly about the economic outlook.

LME approves Tocantins cobalt brand listing

The London Metal Exchange (LME) has approved the listing of Tocantins chemical grade 99.7% cobalt by Brazilian producer Votorantim.

European aluminium premiums continue unchecked climb

Spates of buying have continued on the aluminium market in Europe, as premiums push still higher and participants shy away from taking a long-term view.

LME BILLET REPORT: 3-month prices unchanged

The London Metal Exchange steel billet contract saw the official range for three-month billet unchanged at $390/395 per tonne on Friday June 29.

MEIR ON METALS: Markets take off following decent European accords

Analyst Ed Meir looks at what is moving the metal markets on Friday June 29.

Base metals break out of ranges on positive EU news in LME officials

Base metals prices trended higher during the official session on the London Metal Exchange, as positive early reports from the summit of European Union leaders boosted sentiment.

IRON ORE DERIVATIVES WRAP: OTC prices nudge up again

OTC iron ore prices continued to edge up in the face of a lack of physical trade on Friday June 29, brokers told Metal Bulletin.