Metal Stocks
There's a renewed scramble for copper sitting in London Metal Exchange (LME) warehouses.
Nagle added that he did not envisage major antitrust issues.
IAMGOLD announced updated capital costs, with modest increase in estimated project cost.
Copper prices fell to their lowest in two months on Thursday after the U.S. Federal Reserve brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.
Steel demand destruction will slow restocking and construction activity, capping steel prices and margins which have recently been a major determining factor for iron ore pricing.
Week gone by has sent the first signal of an imminent revival in long market
Base metals prices finished the last week in the green, with prices remaining steady going into the week of Christmas. An upbeat US final GDP announced on Friday also aided markets across the board, with stock rallying high into the year end and metal going strong in a traditionally lull period of the year.
Furthering its mission to help automakers meet stringent fuel economy requirements, the Steel Market Development Institute’s (SMDI) Automotive Applications Council unveiled the results of its lightweight steel twist beam study today.
The USA West Coast Copper Scrap Prices reported a positive up move today on October 4th Friday as on the Scrap Monster Price Index.
According to data, the scrap imports by Korea during the month of August declined year-on-year
The scrap prices in India mostly trended lower as on September 23rd Monday
Spot copper in Shanghai was offered at a contango of RMB 0-100/mt and a backwardation of RMB 0-80/mt over SHFE 1309 copper contract on Monday.
The containerized and bulk prices of ferrous scrap on US West Coast strengthened over the week, whereas Midwest prices trended lower
The recent data published by the Russian Federal State Statistical Services suggests that the total scrap exports of the country has improved from those during the previous month
The last offer price for LME Official settlements on 8th February, 2013 is as follows
Carmakers around the globe have hinted at the increased use of aluminium in place of the heavier steel. The use of aluminum is reported to enhance the fuel efficiency of the vehicle and make the vehicle more lighter.
Japan's ferrous scrap exports reached 735,211 metric tons (mt) in November this year, advanced 19.3% year-on-year and declined by 7.4% month-on-month, as per the latest statistics released by Japan's Ministry of Finance.
Tata Steel Limited (BSE: 500470) has earned a $6.6 billion loan from Indian banks to fund new steel plant’s construction in eastern India.
Indian scrap metal prices continued mixed trend on Friday in both Mumbai and Delhi metal market.
London Metal Exchange (LME) copper fell on Friday, largely tracking a volatile euro versus the dollar, but cut its losses later in the day on hopes that European policymakers were perhaps gaining an upper hand in containing the region's long-standing debt problem.
Sims Recycling Solutions, Americas, (Sims) the global leader in electronics reuse and recycling, has announced that it will pursue e-Stewards certification at its 14 North American electronics processing facilities.
United State's Recycling Reinvented, has announced that retiring Maine State Representative Melissa Innes has joined the organization as Outreach Director.
Alcoa's (NYSE:AA) operations in Morristown, Tennessee, has been recognized by ASQ, the global voice of quality, as a bronze award winner among a field of 32 finalists in competition at the World Conference on Quality and Improvement held recently in Anaheim, Calif.
Republic Steel, North America's leading supplier of special bar quality (SBQ) steel, has announced that contracts have been awarded and construction is underway for the new electric arc furnace and related equipment at its Lorain, Ohio, steelmaking facility.
Rackla Metals Inc. (TSX-V: RAK) has report that Strategic Metals Ltd. plans to drill Rackla's Scarlet East project during the 2012 exploration season.