HBIS raises purchase price for August-delivery silico-manganese by $69/t

Hebei Iron & Steel Group (HBIS), China's second-largest steelmaker, increased its purchase price for August-delivery silico-manganese to 7,950 yuan ($1,226) per tonne, the company said on Tuesday August 10.

The latest price is 450 yuan higher than the mill's previous purchase price of 7,500 yuan per tonne for July-delivery cargoes.
HBIS' price, which applies to cargoes delivered to warehouses, includes value-added tax and should be paid on acceptance.

The northern China-based steel mill released its first-round bid...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold