Metals News

Limited time offer: Subscribe to Metals Place Premium Services for half price!

Metals News ► Ferrous Metals, Base Metals, Precious Metals, Light Metals, Exotic Metals, Minor Metals, Rare Earth

Date: Search:
FREE: Subscribe to Metals News daily or weekly newsletters – receive Metals News alerts by e-mail
Sponsored Links ► 

Ferrous Metals ►  Iron & Steel, Stainless Steel, Carbon Steel, Alloy Steel
3 Jul 2009 Stainless Steel  ►  Stainless steel prices increase in June and more to follow soon
Stainless steel producers throughout the world are succeeding in securing higher prices, although there appears to be no increase in underlying demand in most markets. The steady climb in the LME... more 
Iron & Steel  ►  ArcelorMittal suspends Senegal iron ore project
World number one steelmaker ArcelorMittal is suspending development of its Faleme iron ore project in Senegal as a result of the global economic downturn, a company source in the West African country... more 
Stainless Steel  ►  India 09-10 stainless steel output to be same as yr ago
India's stainless steel production in the financial year ending March 2010 is expected to remain around the same level as the previous year's output of 1.6 million metric tons, a senior industry... more 
Iron & Steel  ►  Hyundai Steel buys Japan ferrous scrap
Hyundai Steel of South Korea purchased Japanese ferrous scrap at FOB 25,500-26,000 yen per tonne for H2 and around 28,000 yen for new cutting scrap in the week through trading company... more 
  Sidelpa will run again, but with new conditions
Colombia's CUT union said it believes Siderúrgica del Pacífico (Sidelpa), a subsidiary of Brazilian flat steel producer Gerdau (NYSE GGB), will resume operations before the end of 2009 but with new... more 
  Korea urges China to rethink steel export rebates, overcapacity
Senior South Korean and Chinese government and steelmaking officials gathered in Seoul on Friday to discuss bilateral cooperation in a bid to deal with the global slowdown of the steel industry... more 
  ANALYSIS-China's bet on spot iron ore makes steel puzzle
China's first tentative steps away from the 40-year-old iron ore benchmark opens a vexing question for its mills: how to convince new customers to adopt free market steel prices when it needs more... more 
  US monthly steel import applications declined 21% in June
Permit applications to import 734,667 mt of steel products were filed in the month of June, the US Commerce Department reported Wednesday. This was a 21% decline from the preliminary report of... more 
  China’s Wuhan Iron & Steel partners Brazil’s EBX to build steel works in Rio de Janeiro
China's Wuhan Iron and Steel (Wisco) has joined forces with Brazil’s EBX to build a steel works in Rio de Janeiro, Brazil, expected to cost US$4 billion... more 
  Iron ore stockpiles at major Chinese ports fall to 69.35 mln tons byJuly 3
Iron ore stockpiles at China's 22 major ports dropped by 0.12 percent from June 26 to 69.35 million tons on July 3, of which there were 15.15 million tons of Indian iron ore stockpiles, down... more 

See all Ferrous Metals News



Base Metals ►  Copper, Aluminium, Zinc, Lead, Tin, Nickel
Back to top ▲  
3 Jul 2009 Base Metals  ►  Copper slips as jobs data stokes economy worries
U.S. June jobs data disappoints... more 
Copper  ►  Morgan Stanley hikes copper price view on China
Near term price pullback will reverse... more 
Base Metals  ►  Copper slips as jobs data stoke economy worries
U.S. June job data disappoints... more 
  Chinese company takes stake in Teck
State-owned investor will hold 17% of equity after $1.7-billion deal... more 
Nickel  ►  India 09-10 stainless steel output to be same as yr ago
India's stainless steel production in the financial year ending March 2010 is expected to remain around the same level as the previous year's output of 1.6 million metric tons, a senior industry... more 
Copper  ►  Nippon Mining & Metals' electronic materials output recovers
Nippon Mining & Metals improves the operation rate for electric materials including sputtering target material... more 
Zinc  ►  Farallon ships zinc concentrates to Canadian smelter
Dick Whittington, President and CEO of Farallon Mining Ltd. ("Farallon" or the "Company") (TSX:FAN) is pleased to announce that Farallon has shipped 4,398.94 wet metric tonnes of zinc concentrate to... more 
Base Metals  ►  Miners to remain cautious on growth once economy rebounds: Expert
Once large miners revisit projects placed on hold due to the global recession they will likely adopt a more cautious stance towards them and approve gradual development, as opposed to aiming to reach... more 
Nickel  ►  BHP offloads Yabulu nickel factory
BHP Billiton Ltd will sell its Yabulu nickel refinery in Queensland for an undisclosed sum and will book $US675 million ($A853.57 million) in writedowns on the sale... more 
Base Metals  ►  Rio Tinto sells off remaining new shares
Underwriters for Rio Tinto Ltd's Australian market capital raising have found buyers for all of the shares that remained unsold from the offer, the company has said... more 

See all Base Metals News



Precious Metals ►  Gold, Silver, Platinum, Palladium, Rhodium, Iridium, Ruthenium, Osmium
Back to top ▲  
3 Jul 2009 Precious Metals  ►  Gold steady above $931; tracks dlr retreat vs euro
Gold recovers some ground as dollar falters vs euro... more 
Gold  ►  Blackrock backed G-Resources hunts Asian gold
G-Resources Group, the Hong Kong-listed mining company backed by BlackRock, is seeking to buy gold projects in Asia and Australia to lift annual output to 1 million ounces within five years... more 
Precious Metals  ►  Nippon Mining & Metals' electronic materials output recovers
Nippon Mining & Metals improves the operation rate for electric materials including sputtering target material... more 
Gold  ►  Sanu to be subsidiary of Canadian Gold Hunter
Canadian Gold Hunter Corp. will acquire all of Sanu Resources Ltd. under a proposed all-stock transaction announced Thursday... more 
  Latest estimates boost resource at Medusa Mining’s Co-O mine
Medusa Mining has reported that a new resource estimation for its Co-O mine in the Phillippines has increased the JORC-compliant total resources in the last six months by 15% to 1.38 million ounces... more 
2 Jul 2009 Precious Metals  ►  Gold falls on stronger dollar, jobs data; copper also down
Gold futures fell Thursday, ending near $930 an ounce as the U.S. dollar strengthened against most of its rivals after a disappointing U.S. jobs report boosted demand for the dollar, reducing... more 
  Imara launches African resources fund
Financial services firm Imara Group said Thursday it has launched a dedicated African resources fund that will target international investors and fund managers... more 
Gold  ►  Aneka Tambang 1H nickel sales 7,100 tons vs 8,500 tons
Gold and nickel miner PT Aneka Tambang's (ANTM.JK) first half nickel sales dropped to 7,100 metric tons from 8,500 tons in the same period a year earlier, Chief Executive Alwin Syah Loebis said... more 
Precious Metals  ►  Mitsubishi Corp. targets to get PGM mining interests
Mitsubishi Corporation's nonferrous materials division tries to get mining interests in platinum group metals as new core business like current copper and aluminium... more 
Silver  ►  SNMPE suspends Doe Run membership rights
Peru's national oil, mining and energy society SNMPE has suspended US-owned Doe Run Perú's rights as a member for non-compliance with the society's code of conduct... more 

See all Precious Metals News



Light Metals ►  Titanium, Magnesium, Rubidium, Gallium, Beryllium, Strontium, Calcium, Barium, Cesium, Lithium, Sodium, Francium, Germanium, Potassium, Radium
Back to top ▲  
2 Jul 2009 Magnesium  ►  Israel Chem, Volkswagen in magnesium venture deal
Israel Chemicals Ltd (ICL) and Volkswagen AG have reached a compromise over the German carmaker's demand to pull out of their partnership in Dead Sea Magnesium, the Israeli company said on Thursday... more 
1 Jul 2009 Titanium  ►  China not to purchase nonferrous metals for state reserve any more, NDRC official
China will not purchase nonferrous metals for state reserve any more under the current market condition that domestic prices of nonferrous metals have been raised modestly through state reserve... more 
Magnesium  ►  SilMag of Norway postpones secondary Mg alloy production
SilMag, Norwegian magnesium producer, appears to postpone the launch of secondary magnesium alloy production scheduled to start in 2009... more 
Lithium  ►  Galaxy Resources acquires Mt Cattlin tenement extension
Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) today announced it has signed a 100% purchase agreement for a block of tenements north of Mt Cattlin resource from Vistarise Limited for... more 
30 Jun 2009 Gallium  ►  Japan to boost minor metal stockpile as prices dip
Japan aims to take advantage of a price decline to roughly double its national stockpile of minor metals, but it does not expect its purchases to be a factor in driving up prices in the long term... more 
29 Jun 2009 Titanium  ►  China NDRC: Has completed metal stockpiling - Caijing
China has completed its state-sponsored stockpiling of a range of industrial metals, which achieved its policy purpose of raising market confidence, reducing stocks and stabilizing prices, a National... more 
26 Jun 2009   Baobab Resources encouraged by latest test drilling in Mozambique
Mining group Baobab Resources today cited “encouraging” results from the latest test drilling at its Tete iron , vanadium and titanium project in Mozambique... more 
Gallium  ►  Furukawa expands cristal materials development activity
Furukawa expands research and development activity for crystal materials... more 
25 Jun 2009 Lithium  ►  Galaxy gets nod for Mt Cattlin plant
Emerging lithium producer Galaxy Resources says it has secured approval to build a processing plant at its Mt Cattlin project near Ravensthorpe... more 
24 Jun 2009 Titanium  ►  ERAMET GROUP : ERAMET increases stake in Eralloys (ex-Tinfos) to 100% after acquiring remaining 6% minority interests
ERAMET, a 94.3% shareholder in Eralloys Holding AS ('Eralloys'), today announced that it had increased its interest in Eralloys to 100% after acquiring the 5.7% of equity still held by minority... more 

See all Light Metals News



Exotic Metals ►  Tungsten, Molybdenum, Tantalum, Manganese, Cobalt, Chromium, Cadmium, Niobium, Vanadium
Back to top ▲  
3 Jul 2009 Chromium  ►  FeCr price for shipments to Europe in Q3 / 09 is settled at 89 US-cents by rise of 20 US-cents
South African Charge Chrome, Negotiations Were Concluded On End Last Week... more 
Manganese  ►  World output of Mn ferro-alloys in Q1 / 09 decreased by 34% from that in same quarter / 08
Data Reported By IMnI, World Demand Decreased By 35%... more 
2 Jul 2009 Molybdenum  ►  Creston Moly to raise $3M through offering
Creston Moly Corp. plans to raise $3 million through the offering of shares and purchase warrants in a non-brokered private placement announced Thursday... more 
Tungsten  ►  North American Tungsten announces CanTung mine to be placed on care and maintenance
North American Tungsten Corporation Ltd. (the "Company") (TSX VENTURE:NTC) announces (June 29, 2009) that it will temporarily suspend production at its CanTung tungsten mine in the Northwest... more 
Chromium  ►  Imara launches African resources fund
Financial services firm Imara Group said Thursday it has launched a dedicated African resources fund that will target international investors and fund managers... more 
Molybdenum  ►  Spot moly oxide trade picks up on South Korea on major tender
Spot molybdenum oxide trade was active in South Korea this week after one steelmaker issued a tender to buy 100-200 mt of molybdenum oxide, local market sources said Wednesday... more 
Cobalt  ►  Chineese intent to construct battery recycling factory in Irkutsk, Russia
Chineese businessman Jan Bo has arrived to Irkutsk. Chineese businessman hopes to invest approximally 2 billion dollars in construction of battery recycling factory in Irkutsk territory to recycle... more 
Niobium  ►  Globe commences discussions with potential Chinese off-take partners
Globe Metals & Mining (ASX: GBE) is pleased to announce that it has commenced discussions with a number of Chinese parties regarding off-take arrangements for the sale of ferro-niobium (FeNb) from... more 
1 Jul 2009 Manganese  ►  Price of Mn-ore offered by major mines to China for July shipment remains unchanged
The Price Made Round To Fall And Bottomed Out, Spot Price Is Rebounding... more 
Vanadium  ►  JV deals diversify Panoramic portfolio
Panoramic Resources has followed through with plans to expand out of nickel by signing a joint venture deal with Thundelarra Exploration, the second agreement in as many days... more 

See all Exotic Metals News



Minor Metals ►  Selenium, Silicon, Mercury, Indium, Antimony, Zirconium, Bismuth, Rhenium, Arsenic, Hafnium, Tellurium, Thallium
Back to top ▲  
3 Jul 2009 Indium  ►  Nippon Mining & Metals' electronic materials output recovers
Nippon Mining & Metals improves the operation rate for electric materials including sputtering target material... more 
  Nippon Mining to lift indium-tin oxide capacity on firm demand
Japan's Nippon Mining & Metals plans to expand its indium-tin oxide production capacity at Isohara near Tokyo on firm flat panel display demand in China and the US, a company official said Friday... more 
  Nippon Mining: no primary indium buying until Q4
Japan's Nippon Mining & Metals Co Ltd, a top consumer of indium, said it will not be buying primary indium at least until the fourth quarter of this year due to sufficient supplies from abundant... more 
1 Jul 2009   China not to purchase nonferrous metals for state reserve any more, NDRC official
China will not purchase nonferrous metals for state reserve any more under the current market condition that domestic prices of nonferrous metals have been raised modestly through state reserve... more 
30 Jun 2009   Japan to boost minor metal stockpile as prices dip
Japan aims to take advantage of a price decline to roughly double its national stockpile of minor metals, but it does not expect its purchases to be a factor in driving up prices in the long term... more 
29 Jun 2009   China NDRC: Has completed metal stockpiling - Caijing
China has completed its state-sponsored stockpiling of a range of industrial metals, which achieved its policy purpose of raising market confidence, reducing stocks and stabilizing prices, a National... more 
26 Jun 2009 Rhenium  ►  Chinalco, Ivanhoe hold preliminary cooperation talks
Chinese metals conglomerate Chinalco is willing to work with Canada's Ivanhoe Mines (IVN.TO) but a meeting between the two firms' chief executives last week was preliminary and brought no firm deals,... more 
24 Jun 2009 Tellurium  ►  Tellurim: Hard to find, easy to smell
What Is Tellurium?... more 
23 Jun 2009 Silicon  ►  Timminco resumes silicon metal production
Timminco Ltd. has resumed production of silicon metal at its Becancour Silicon facilities due to improved market conditions and demand for silicon metal from the chemical industry... more 
Rhenium  ►  PBX files revised 43-101 technical report on its Copaquire molybdenum-rhenium-copper property
International PBX Ventures Ltd. (TSX VENTURE:PBX) is pleased to report it has submitted a revised NI 43-101 technical report for its 100% owned Copaquire molybdenum – rhenium – copper porphyry... more 

See all Minor Metals News



Rare Earth ►  Scandium, Yttrium, Europium, Lanthanum, Cerium, Neodymium, Gadolinium, Praseodymium, Samarium, Promethium, Ytterbium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Lutetium, Uranium, Plutonium, Thorium, Neptunium
Back to top ▲  
3 Jul 2009 Uranium  ►  Kalahari Minerals “hugely excited” by Rossing South resource upgrades
Mining group Kalahari Minerals has reported improved resource estimates from the Rossing South uranium discovery in Namibia... more 
1 Jul 2009   INB: Nation aims to triple uranium reserves in 2-3 years
Brazil is on track to triple its uranium reserves from the current 300,000t in two or three years, according to Otto Bittencourt, director of state nuclear energy entity INB's mineral resources... more 
30 Jun 2009   Paladin approves Namibia uranium mine expansion
African miner Paladin Energy Ltd will go ahead with an expansion of its flagship uranium mine in Namibia, but to a size below an original target, the company said on Tuesday... more 
26 Jun 2009   Altius Minerals Q4 loss narrows sharply
Mineral explorer Altius Minerals Corp. (ALS.TO) reported Friday a narrower loss in the fourth quarter, despite decrease in revenue, and the write down of certain investments... more 
Rare Earth  ►  China controls 95% of global rare earths market
Why all the buzz about rare earths elements (REEs)? In this exclusive Energy Report interview, industry expert Clint Cox, The Anchor House, tells how he separates the hype from reality, and what a... more 
Lutetium  ►  Furukawa expands cristal materials development activity
Furukawa expands research and development activity for crystal materials... more 
23 Jun 2009 Uranium  ►  OZ Minerals reduces stake in Toro Energy
OZ Minerals Ltd has sold 10 million shares in uranium company Toro Energy, reducing its shareholding to below 50 per cent... more 
Rare Earth  ►  U.S. expected to launch WTO case against China
Both U.S. and EU expected to announce WTO case... more 
19 Jun 2009   Rare earth metals exploraton update
Canadian International Minerals Inc (CIN) has acquired by staking,... more 
18 Jun 2009 Uranium  ►  Simmers lifts gold production
South African gold and uranium miner Simmer & Jack Mines on Thursday reported a 9 percent rise in gold production to 183,036oz for the year ended March 2009... more 

See all Rare Earth News



Other News 
1 Jul 2009 Metals  ►  China manufacturing continues to expand
China's manufacturing activity expanded in June for the fourth consecutive month, official figures showed, the latest tentative sign of economic recovery... more 
30 Jun 2009   World mining outlook grim, costs eat profit
Short-term prospects for global mining companies are bleak, as rising costs eat into profit margins already depressed by the recession, according to a report by PricewaterhouseCoopers (PwC)... more 
29 Jun 2009   Steel, nonferrous metal cos Japan's most effective cash magnets
Japanese steelmakers and nonferrous metal companies occupied a number of top spots in a Nikkei ranking of publicly traded firms that are effectively using their assets to earn cash... more 
25 Jun 2009   Wogen shares jump after management ups MBO price
The management team vying to buy out minority investors in Wogen, the loss-making metals trader, has secured the support of an independent committee set up to review the bid after increasing its... more 
11 Jun 2009   Mining income slumps
The impact of the puncturing of the resources boom is well and truly upon us... more 
5 Jun 2009   BHP may launch full takeover bid for Rio
BHP Billiton Ltd may eventually launch a full-blown takeover bid for Rio Tinto Ltd, further to the mining giants' iron ore joint venture announced on Friday... more 
4 Jun 2009   Top 40 miners feel profits shrink 14% in 2008
Consultancy group PricewaterhouseCoopers (PwC) on Wednesday released its annual mining study, entitled "Mine 2009: When the going gets tough," in which it concluded that the world's top 40 miners... more 
2 Jun 2009   Commodities may dip but rebound later - analysts
* Copper, iron ore buying to slow down... more 
  Big miners shed 62% worth in '08: report
The world's top 40 miners shed nearly two-thirds of their worth in 2008, according to a new report that highlights the severity of last year's commodity collapse... more 
21 May 2009   China's quest for Africa's minerals
Chinese companies have plunged into a renewed quest for mining and related projects in Africa, using reserves of cash unavailable to Western competitors to scoop up assets at steep discounts, a... more