(Bloomberg) -- Glencore (LON:GLEN) Plc’s coal mining business will eclipse its copper unit next year and become the world’s biggest commodity trader’s most profitable operation.Despite making a lot of noise about its electric vehicle-focused mines such as nickel, copper and cobalt, Glencore has continued to buy more coal assets, adding rival Rio Tinto’s Australian opera...Read More

The tin premium in Europe accelerated to a 21-month high on concerns surrounding Indonesian tin supply, while premiums in the United States and in Asia were immobile on sufficient supply. European premiums at 21-month high  US contracts hint at climbing premiums  Asia premiums steady on abundant stocks Indonesian supply crunch lifts European premiums In Europe, the premium for 99.9%...Read More

Market participants believe that domestic prices for hot-rolled coil (HRC) in Northern Europe have 'reached bottom,' sources told Fastmarkets on Wednesday October 31.Prices in southern and central Europe remained under pressure because of slow trading, they added.Northern EuropeFastmarkets' weekly price assessment for domestic HRC in Northern Europe was stable over the week at ?,?550-565 ($625-642...Read More

The latest news and price moves to start the Asian day on Thursday November 1.Base metal prices on the London Metal Exchange ended mostly lower on Wednesday October 31, pressured by a fresh 2018 high in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:Ternium chief executive officer M??ximo Vedoya expects steel slab...Read More

Spot copper concentrate treatment and refining charges (TCs/RCs) remained almost unchanged and at high levels toward the end of October, with a rapidly widening backwardation reducing the market liquidity.Fastmarkets' assessment of the TC/RC index dipped by $1.60 per tonne/0.16 cents per lb to $87.40 per tonne/8.74 cents per lb on October 31. The previous assessment of $89.00 per tonne/8.90 cents...Read More

Comex copper prices recovered from a mid-September low in early morning trading on Wednesday in the United States, with a stronger dollar and modest Chinese growth preventing a major rebound.The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.05 cents to $2.6645 per lb. Overnight, China's October PMI for the manufacturing industry was reco...Read More

China's lead production is estimated to moderately decrease by 2020 due to the stringent environmental regulations, a spokesperson of the China Non-ferrous Industry Association (CNIA) told delegates at the 21st China International Lead and Zinc Conference on October 31.Peng Tao, the general secretary of CNIA, forecast China's lead production to retreat to 4.65 million tonnes in two years' time, sl...Read More

Xiana Mining will acquire Glencore's Minera Altos De Punitaqui copper mine in Peru for $25 million, after sealing a financing package with Swiss trading firm Bluequest. Vancouver-headquartered Xiana agreed to buy the mine after signing terms in May, when London Metal Exchange three-month copper prices rose above $7,000 per tonne. But a combination of trade-war fears and diminishing mine supply ris...Read More

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Hudbay has offered Mason shareholders C$0.40 in cash for each share held, valuing Mason at $31 million. Net of Mason's cash and Hudbay's current 14% ownership in the company, Masno's enterprise value is about US$15 million.Hudbay CEO Alan Hair said the acquisition of the Ann Mason project was "another step in Hudbay's consistent strate...Read More

Latin American steelmaker Ternium, based in Luxembourg, said it believes it can take back market share held by imports in Mexico, chief executive officer M??ximo Vedoya told analysts on Wednesday October 31. The company is expanding a plant there."Mexico is a more competitive market than the United States to produce steel and we believe we can do that, taking market share back from imports," the e...Read More

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources The company reported a headline loss for the three-months period of C$8.3 million, or 4c a share, which were below average analyst forecasts that called for nil per share, on expected revenue of $72.1 million.Revenue fell 21.3% year-over-year to $60.72 million. Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Copper Mount...Read More

Slab prices are due to recover at any time, with production stoppages expected and an inflationary trend in the prices of raw materials used to make steel, the chief executive officer of Ternium, M??ximo Vedoya, told analysts today.Ternium has produced slab that is sold to third parties in Brazil, since buying Companhia Sider??rgica do Atl??ntico (CSA), from Thyssenkrupp. The mill, which has 5 mil...Read More

European prices for mesh-quality wire rod were flat across the Northern and Southern parts of the continent on Wednesday October 31, with few buyers seriously enquiring for deliveries. Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe were ?,?535-560 ($608-636) per tonne delivered on Wednesday. Both assessments were unchanged over the pre...Read More

The price for rebar produced and delivered in Southern Europe fell slightly on Wednesday October 31, with some suppliers accepting lower bids to make sales but most only offering higher prices.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe fell to ?,?510-535 ($579-608) per tonne delivered on Wednesday, from ?,?520-545 per tonne last week.Producers have been raising thei...Read More

Turkey's flat steel exports more than doubled year on year in September, up by 103.67%, with total exports in the year to the end of September up by morre than a quarter (27.88%), according to the Turkish Statistical Institute (TUIK). The increase in exports in September was due to the strong demand especially from Europe, market participants although the amount available for exports was boos...Read More

Key data from the Wednesday October 31 pricing session in Europe.Key driversTrades and assessments indicate the European ferro-titanium market continued the downtrend that began on September 12, when the market was assessed at $5.80-6.05 per kg. Ample supply of material, as well as traders looking to sell-off inventories before year-end were cited...Read More

The following Fastmarkets noble alloys and ores prices changed on Wednesday October 31:Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $12.00-12.15 per lb from $12.00-12.20Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $28.80-29.30 per kg from...Read More

Stainless steel scrap prices have become fairly stable in the United States, but could show further weakening through year-end and likely into early next year."With all the tumultuous events of the past week, we can look to the stainless steel [scrap] market for some tranquility," one US scrap dealer said, referring to the turbulence caused by the shootings in a Pittsburgh synagogue over the weeke...Read More

The United States' bulk ferrous scrap export price continued to trek upward in a fresh cargo sale to Turkey, while a drop in flows forced East Coast exporters to reverse some recent dock buying price reductions. An East Coast cargo was sold to Turkey at $334 per tonne cfr for an 80:20 mix of No1 and No2 heavy melting scrap (HMS), $339 per tonne cfr for shredded scrap and $344 per tonne cfr for bon...Read More

CME Group's Midwest busheling futures contract continues to enjoy activity on a daily basis with a modest 12-lot sale conducted transacted on Tuesday October 30.Of that, four lots (80 gross tons) are set to expire in December, while the remaining eight lots will expire in January 2019, according to the...Read More