Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Visit: 70
Nuts and bolts of the LME’s cancelled nickel trades legal case
Mining News Pro - Hedge fund Elliott Associates and Jane Street Global Trading are suing the London Metal Exchange for up to $500 million after the LME cancelled nickel trades on March 8 when prices soared to record highs above $100,000 a tonne in chaotic trade.
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Visit: 583
Jane Street follows Elliott in suing LME over nickel trades
Mining News Pro - Wall Street trading powerhouse Jane Street is seeking around $15 million in damages from the London Metal Exchange over its decision in March to cancel nickel trades after an unprecedented short squeeze.
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Visit: 740
LME targets off-exchange trades as nickel chaos spurs reform
Mining News Pro - The London Metal Exchange plans to force members to regularly report details of their over-the-counter metals positions, substantially expanding its market surveillance capabilities in the wake of this year’s nickel squeeze.
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Visit: 548
Imported Scrap Prices in Containers Fall in Recent Trades in SE Asia
Mining News Pro - Imported Scrap offers to South Asia have been moved down considerably over the span of last one week, with the conclusion of several bulk cargoes to Bangladesh as well as Pakistan, pulling the tradable price level further low. Continuation of the severe container shortage has resulted in limited offers in containers from global suppliers, while high freight charges have made buyers cautious for fresh bookings.
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Visit: 970
Indian Imported Scrap Trades Pick Up Despite Hike in Offers
Mining News Pro - Imported scrap trades to India witnessed considerable improvement this week, with decent bookings being witnessed after slow activity in the previous couple of weeks. Offers from global origins continued to rise sharply, however buyer’s inquiries remained active, as mills looked to book some material in anticipation of further price hike.
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Visit: 731
Gemfields trades again in London after almost three years
Mining News Pro - Precious gemstones miner Gemfields has returned to trading on the AIM, the London Stock Exchange’s market for juniors, after delisting in 2017 following its acquisition by Pallinghurst Resources.
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Visit: 884
SE Asia Billet Import Prices Stable Amid Less Trades
Mining News Pro - This week, SE Asia’s billet import market was reported trade silent for the consecutive week amid New Year Holidays with few major suppliers remaining out of market.
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Visit: 1617
India: Pellet Trades in Domestic Market Remain Slow Post Hike in Offers
Mining News Pro - Domestic pellet offers in India moved up in all major markets. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,500/MT ex-plant as against last week`s pellet assessment of INR 6,300-6,400/MT. However, participants reported limited trades.
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Visit: 1181
Bangladesh: Imported Scrap Trades Pick Up Amid Rising Inquiries
Mining News Pro - SteelMint learned in conversation with industry participants that imported scrap market in Bangladesh has observed few trades however trade sentiments have started to improve.
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Visit: 1369
South East Asia Imported Scrap Markets Observe Thin Trades
Mining News Pro - SteelMint learned from industry participants that imported scrap markets in major South East Asian countries like Vietnam, Indonesia and Thailand have witnessed slowdown in activities pulling scrap prices marginally down as compared to last week.
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Visit: 993
India: Imported HMS Scrap Trades Reported; Shredded Deals Soften
Mining News Pro - SteelMint learned from market participants that imported scrap market in India observed availability of HMS offers at corrected levels by USD 5-8/MT on slow demand. Market remains less active on still depreciated currency despite slight recovery.
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Visit: 999
Bangladesh: Imported Scrap Market Observes Limited Trades
Mining News Pro - SteelMint learned in recent conversations with industry participants that imported scrap market in Bangladesh has observed improving buying interest as compared to earlier weeks.
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Visit: 1548
Vietnam: Imported HRC Offers Remain Stable Over Thin trades
Mining News Pro - This week imported HRC offers to Vietnam remained stable amid weak trades and limited bookings among Vietnamese buyers. Meanwhile Chinese HRC export offers also fell further and continued to remain on lower side.
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Visit: 1075
Indian Domestic PPGI Market Remains Dull Over Thin Trades
Mining News Pro - This week India’s domestic PPGI market has remained dull amid limited inquiries along with sluggish demand prevailing in domestic market.
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Visit: 842
Turkey: Imported Scrap Prices Correct Marginally in Recent Trades
Mining News Pro - Scrap importers in Turkey have been observing range bound prices since last couple of weeks.
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Visit: 1118
Indian Imported Scrap Prices Stable; Limited Trades Reported
Mining News Pro - SteelMint learned from market participants that imported scrap offers to India have stabilized this week.
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Visit: 899
Indian Sponge Iron Export Trades to Bangladesh Remain Limited Amid Holidays
Mining News Pro - Indian export offers for sponge iron (DRI) has increased on rising domestic prices
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Visit: 1443
Indian HRC Export Prices to Vietnam Move Down in Recent Trades
Mining News Pro - Indian HRC export prices fell by by USD 5-8/MT amid competitive pricing and weak buying sentiments from end users in Vietnam.
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Visit: 1118
Vietnam:- Imported HRC Offers from China Firm Over Dull Trades
Mining News Pro - This week imported HRC offers from China continue to remain steady over passive buying among end users in Vietnam. Meanwhile last week Vietnam’s domestic producer - Formosa has lowered their HRC offers by USD 15/MT against previous month and is offering skin pass HRC at USD 610/MT CIF Ho Chin Minh city.
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Visit: 706