May 2017

Vale ratings 'unaffected' by Brazil's change in outlook to negative, Moody's says

Vale’s Ba2 ratings and positive outlook are not affected by the recent change in outlook on Brazil’s government bond rating, ratings agency Moody’s said on Tuesday May 30.

IRON ORE PRICES: Benchmark index falls to $57 per tonne cfr China

Iron ore prices tumbled to $57 per tonne cfr China on Wednesday May 31 after futures prices tumbled over the trading day.

Futures slump sends iron ore prices further below $60 per tonne cfr

Iron ore prices continued to wane following weakness in the futures market on Wednesday May 31 after falling below the $60-per-tonne-cfr mark last week.

METALS MORNING VIEW 31/05: Metals weaker despite firm Chinese PMI data

Most of the base metals prices are weaker this morning, Wednesday May 31, the exception is three-month copper prices on the London Metal Exchange that are up 0.3% at $5,677 per tonne. The other LME metals are down an average of 0.6%, although that is skewed by a 2.4% decline in nickel prices to $8,890 per tonne.

China AM: Futures tank after Dragon Boat Festival

China’s ferrous futures dropped across the board during the morning session on Wednesday May 31, the first trading day this week after a break for the Dragon Boat Festival.

IRON ORE PRICES: Benchmark index flat amid Chinese holiday

Iron ore prices remained unchanged on Tuesday May 30 with Chinese market participants still away for the country's Dragon Boat Festival.

METALS MORNING VIEW 30/05: Metals off to a quiet, low volume start with China still on holiday

Base metals prices on the London Metal Exchange are split this morning, Tuesday May 30. Copper, lead and zinc prices are off 0.4%, 0.3% and 0.1%, respectively, with three-month copper prices at $5,642 per tonne. While aluminium prices are up 0.1%, nickel prices are up 0.3% and tin prices are up 0.7%.

Shougang Hierro Perú's iron ore output up 9.2% in March

Iron ore production at Peruvian miner Shougang Hierro Perú grew by 9.17% year-on-year in March, according to figures released by Peru’s mining ministry on Friday May 26.

IRON ORE PRICES: Benchmark index edges up despite holiday in China

Iron ore prices rose slightly on Monday May 29 after the conclusion of several transactions on Global Ore against the backdrop of a quiet market with China taking a break for the Dragon Boat Festival.