September 2009

China's copper imports expected to slow in H2

Chinese refined copper imports are expected to fall in the second half due to low premiums and a widening gap between London Metal Exchange and Shanghai prices, according to market sources

China's FeSi prices fall on slack demand

China's ferro-silicon prices have softened to 5,500-5,700 yuan ($805-835) per tonne, down 100 yuan from last week on slow demand, said market participants.

LME ASIAN WRAP: Lead surges 4% more on China crackdown

Lead surged a further 4% on the LME in early Asian trading as supply concerns continued to dominate in the wake of China's crackdown on lead poisoning.

India's ports poised to go on strike from Sep 15

India's major ports are reportedly set to go on strike from September 15 over wage demands, potentially halting the spot iron ore market and exports of all other minerals and metals.

Moil raises manganese ore prices by 15%

State-owned Manganese Ore India Ltd (Moil) has raised its manganese ore prices by 15% from September 1, taking prices back to June levels, as markets improve.

(AMM) Hunan to buy Canada antimony mine

China's state-owned Hunan Nonferrous Metals Holding Group Co. Ltd. reportedly is set to acquire Canada's Brook Antimony Mine Inc., one of the few operating antimony producers outside of China.

(AMM) Shareholders at Chariot Resources reelect board

Shareholders of Canadian copper exploration company Chariot Resources Ltd. have reelected the incumbent board of directors, rejecting an alternative proposal by Lundin Mining Corp. chairman Lukas Lundin.

(AMM) Ban foreign workers at Vale Inco: USW

The United Steelworkers union has fired off a letter to the Canadian government demanding that Vale Inco Ltd. be barred from bringing in temporary foreign workers during a strike at the Sudbury, Ontario, operations.

A&M's Michael Herzfeld dies at 82

Michael Herzfeld, major shareholder and trader with A&M Minerals and Resources, has died aged 82

Boliden will not raise Cu output until TC/RCs, acid prices improve

Boliden will not raise copper production to full capacity until treatment and refining charges (TC/RCs) and sulphuric acid prices and demand improve