Other metals

Nickel bounces off near six-year low

  Reuters – Nickel bounced off its lowest level in nearly six years on Wednesday as some investors, betting on price falls, locked in profits, but concerns about Chinese economic growth weighed on other base metals. Nickel has spiralled lower on worries about lacklustre consumption from the stainless steel sector, ...

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Chile environmental regulator suspends operations at copper warehouse

Reuters – A Chilean court has asked port operator Antofagasta Terminal Internacional to suspend operations at one of its copper stockpiling warehouses for 30 days because of health risks from nearby particles, the environmental regulator said on Friday. Suspension of operations at the warehouse is not expected to impact copper ...

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Copper faces looming supply gap

miningweekly – The level of new copper output will be unable to plug a supply gap that could develop as early as 2017, Canadian diversified miner Teck Resources manager for market research Michael Schwartz told an audience at the Prospectors and Developers Association of Canada 2015 convention. Teck had calculated ...

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Copper eyes small weekly loss as stronger dollar drags

  Reuters – London copper was headed for a weekly loss as a stronger dollar dented appetite for commodities, while traders said it was too soon after China’s Lunar New Year break to determine the demand outlook in the world’s top user of metals. In the short term, the market ...

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China manganese ore import prices edge lower as demand stays weak

Platts – Prices for manganese ore delivered to China have edged down further this week on the back of prevailing weak demand, as Chinese consumers continued to shy away in anticipation of lower levels. Platts assessed its weekly 44% manganese ore price at $3.45/dmtu from $3.50/dmtu CIF Tianjin a week ...

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Copper falls after strong U.S. jobs report boosts dollar

  Reuters – Copper prices hit their lowest in more than a week and notched up their biggest weekly loss in six weeks on Friday as the dollar rallied after a strong U.S. jobs report, with investors also worried about lacklustre demand in China. The dollar touched an 11-1/2 year ...

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Indonesia sets Newmont deadline for Freeport smelter deal

Reuters – Newmont Mining Corp’s Indonesian copper export permit will not be renewed beyond March 19 unless it strikes a deal with Freeport-McMoRan Inc to invest in the latter’s planned smelter, a mines ministry official said on Monday. Southeast Asia’s largest economy is in talks with miners about their plans ...

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Russian tin ingot prices go down

The LME tin cash settlement price fell by USD180/t to USD17,920/t last Friday 27 February, and Russian traders followed the trend and lower their offers for tin ingot, Insiders stated. A Russian trader with a sales volume of 20t of tin ingot per month claimed that they had less than ...

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