Peak Resources will build the UK's first rare earths refinery after the Australia-listed mining company took out a £1.85-million ($2.63 million) lease on a production site in Redcar on the River Tees in North Yorkshire, England.

Import prices for ferrous scrap in Vietnam continued to fall in the week to Friday May 28 due to sentiment weakened by plunging steel prices in China recently.

Copper's price is trading at all-time highs - and now the countries where it is mined the most want a piece of the action.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed during the morning of Thursday May 27, as were broader markets – are these pauses, or early signs of a stall?

Turkish steel mills skipped the second working day of the week with no deep-sea bookings amid negative signals from the Chinese steel industry, market participants told Fastmarkets on Tuesday May 25.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly positive on the morning of Tuesday May 25, with only SHFE lead showing significant weakness.

Market chatter about China possibly imposing new export taxes for steel as part of commodity price cooling measures has been rampant in the past week, causing traders and market participants to re-think their trading strategies, and overseas buyers to consider a potential supply shortfall.

A handful of recent cargoes of shredded steel scrap have successfully cleared through Chinese ports, raising hopes across the market that China may start to import more of this key material grade in the near future.

Turkish steel scrap import prices have so far held firm despite a sharp drop in China’s steel and scrap markets this week.

Australia will have used up its exportable barley surplus in the next two months after Saudi Arabian demand filled a void...