Oil price crude

NioCorp improved two production processes in the final design work for its Elk Creek mine, the company said yesterday.Stocks at Xiamen port declined to 28,000t, down by 1,000t from the previous week.Houston, 15 February (Argus) — Canadian service center shipments of steel products, excluding structural, rose by 5.7pc in January from a year earlier while inventories fell by 5.6pc. Shipments totaled 411,800net tons (373,578metric tonnes), up from 389,700nt a year earlier, the Illinoi Read more.

Exports rose to 1.7mn metric tonnes (t) from 1.4mn t a year earlier despite flat exports to India.

Assmang produced 67,000t of ferro-manganese from its Cato Ridge Works in KwaZulu Natal provinc Read more.Spreads narrowed to 81-82pc of the Argus midwest transaction price from 79-81pc a week earlier.According to federal law, the commission must make a preli Read more.Nickel premiums for full truckload melting grade, 4x4inch cathodes Read more.US Antimony produced 344,872lbs (156t) in the first two month Read more.Johannesburg, 21 March (Argus) — Perth-based Mount Burgess Mining plans to develop the Nxuu deposit at its Kihabe zinc-lead-silver project in Botswana as it provides the quickest path to production.Houston, 14 March (Argus) — Canadian service center shipments of steel products, excluding structural, fell by 7.8pc in February from a year earlier while inventories fell by 3.3pc. Shipments totaled 365,700net tons (331,757metric tonnes), down from 396,900nt a year earlier, the Illinoi Read more.

Houston, 14 March (Argus) — US service center shipments of steel products fell by 1.7pc in February from a year earlier.New York, 26 January (Argus) — US ferro-titanium prices gained in the latest week amid higher scrap costs and rising prices on European markets.Freight rates for 40,000t scrap cargoes on Supramax vessels from Port Newark Read more.New York, 6 March (Argus) — The US International Trade Commission (USITC) voted today to expedite the five-year review for antidumping duties on imports of Indian stainless steel wire rod.The US branch of India-based JSW is in the middle of concluding the design for an electric arc furnace (EAF) to supply its fully designed new heav Read more.Turkish steel mills have not been importing any scrap amid waning expectations of scrap Read more.Energy Sector Management Assistance Program (ESMAP) Crude Oil Price Differentials and Differences in Oil Qualities: A Statistical Analysis October 2005.New York, 16 March (Argus) — Higher import prices and tight molybdenum oxide supplies forced ferro-molybdenum up in the latest week.Houston, 17 January (Argus) — US consumption of new aluminum scrap was up by 3.4pc in the first 10 months of 2016 compared with the same year-earlier period, led by a 21pc rise in the use of new extrusion scrap.

Mine production topped 3mn t of ore and plant utilisation increased.Beijing, 23 December (Argus) — French Mining group Eramet Comilog has increased its manganese ore export prices for China for January shipment, Chinese importers said.Luxembourg-based Tenaris shipped 1.99mn metric tonnes (t) of steel in 2016, down Read more.Houston, 1 February (Argus) — Retail auto sales for the US dropped to a five-month low in January to a seasonally adjusted annual rate of 17.61mn units.London, 5 January (Argus) — Seaborne supply of metallurgical coal will fall 5mn t short of demand this year, according to a forecast by Canadian bank RBC Capital Markets released this week.Houston, 25 January (Argus) — WTI crude futures fell today after the US reported a large weekly increase in crude and gasoline stocks.Sao Paulo, 13 March (Argus) — Leading Brazilian ferro-chrome producer Ferbasa produced 150,250t of chrome alloys in 2016, a 13.4pc decrease on the previous twelve months as the company adjusted to a new electricity supply contract.Beijing, 10 February (Argus) — Large Chinese zinc smelters are increasing their use of recycled materials to offset the impact of tight zinc concentrate supply.Capstone expects to produce 94,000t, plus or minus 5pc, from Read more.

Houston, 23 January (Argus) — Premiums for special high-grade zinc rose in the latest week on strong demand.From Cleveland, the vessel will head to an ArcelorMittal steel mill at the end o Read more.

The company said the next stage of growth will come fro Read more.Aperam struggled after being spun off from ArcelorMittal in 2011.

New York, 9 January (Argus) — US high-carbon ferro-chrome prices were up in the latest week amid high costs for replacement alloy from Turkey and Russia.Washington, 10 February (Argus) — A sudden and unexpected uptick in volumes and demand could test US railroads after they reduced manpower and equipment in recent months.

Houston, 16 February (Argus) — Nymex crude futures rose on expectations of supply and demand returning to balance as major global producers cut output.New York, 25 January (Argus) — Chicago-based aerospace manufacturer Boeing cut its annual revenue outlook by 3.2pc for 2017 compared to a year earlier, as both commercial and defense sales declined.New York, 9 January (Argus) — Montana-based antimony producer US Antimony started production of antimony, gold, and silver from its four Mexican facilities.Processor raised prices for a third consecutive business day for nickel-bearing scrap to stimulat Read more.New York, 2 March (Argus) — Elevated raw material costs and higher European prices in recent weeks continued to support higher domestic ferro-titanium prices in the latest week.

Houston, 24 January (Argus) — WTI crude futures rose today on signs that Opec and non-Opec producers were complying with output cuts.Johannesburg, 17 January (Argus) — Sydney-based metals developer Hastings Technology Metals announces an increase in resources at its Yangibana neodymium project in the Gascoyne region of Western Australia which will form part of its definitive feasibility study process.New York, 17 March (Argus) — The US Commerce Department lowered some proposed antidumping duties on imports of ferro-vanadium from South Korea in its final determination today.Johannesburg, 18 January (Argus) — Africa-focused metals explorer Alphamin Resources expects to start mine construction in the first quarter at its Bisie tin project in the Democratic Republic of Congo (DRC).Houston, 25 January (Argus) — Diversified US-based miner Freeport-McMoRan boosted copper production by 7pc in 2016 from the prior year, but the company anticipates declining sales in 2017.

Houston, 10 January (Argus) — Daily stainless steel scrap prices gained for a second day Tuesday as London Metal Exchange nickel gained more than 2pc this week.Houston, 18 January (Argus) — Crude futures fell on forecasts of an increase in US shale crude output as production increases in the Permian basin offset declines in other major basins.Trevali will acquire an 80pc stake in the Rosah Pinah mine, in Namibia, and a 90pc stake in Read more.The company will ship around 15,000t of concentrate at an average lithium oxide grade of 5.5pc from its Mt Cattlin mine n Read more.Houston, 27 December (Argus) — US raw steel production fell by 3.4pc from a week earlier, pushing capacity utilization back below 70pc.

Johannesburg, 30 January (Argus) — South Australia-based copper producer Oz Minerals achieved its 2016 production guidance, but its fourth-quarter and full-year output were lower than a year earlier.Beijing, 17 March (Argus) — Joint venture partners Mineral Resources, Neometals and Ganfeng Lithium have sent another shipment of spodumene from the Mt Marion project in Western Australia.Exports fell by 22.5pc to 5.75mn t in February from 7.42mn t in January, and were lower by 29p Read more.Climbing mill utilization rates and steel output forced demand for high-carbon ferro-manganese up.Houston, 3 February (Argus) — Stainless scrap prices were mixed Friday as molybdenum-bearing 316 scrap prices rose due to tight supply and stronger raw material prices while 304 alloy scrap prices were unchanged.The US consumed 295t of vanadium alloys in October, up from 286t a year earlier, according to data from the US Geological Survey (USGS) Read more.Johannesburg, 23 February (Argus) — South African gold and platinum group metals producer Sibanye Gold expects to produce around 400,000t of saleable chrome in 2017, it said in its results for fiscal 2016.The molybdenum-bearing stainless scrap market has rallied on the strength of stronger dema Read more.