Australian lithium miners Galaxy Resources and Orocobre have entered into a binding merger implementation deed that will see the latter acquire 100% of the fully paid ordinary shares in the former, the companies announced on Monday April 19.

Spot prices for imported ferrous scrap in China were stable on Friday April 16 even with Chinese steel mills continuing to seek out cargoes of HRS101, the Chinese grade for plate and structural scrap.

Base metals prices on the Shanghai Futures Exchange were for the most part stronger this morning, Friday April 16, supported by robust economic data, while the base metals on the London Metal Exchange were consolidating after yesterday’s strength, which followed strong US data.

The first shipment of iron ore to leave Angola since 1976 left the Cutato mine in Cuando Cubango province by rail on April 10-11, according to Jamie van Reijendam, general manager of global trade at London trading house Ronly

Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Fastmarkets on Thursday April 15.

Base metals prices on the London Metal Exchange have been edging higher in recent days, although this morning, Thursday April 15, they were looking mixed, while those on the Shanghai Futures Exchange were for the most part firmer.

Line-up data for Argentina’s ports shows a fixture of corn destined to travel to South Africa in the first such bulk move in just over...

While the Biden administration has reversed multiple Trump-era policies, it has not been in any rush to revise the Section 232 tariffs. That might change, however, with the European Union on the verge of escalating retaliatory tariffs on US products, according to market participants.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday April 14, and broader markets were pleased US consumer prices did not shock to the upside, but markets are likely to remain wary in case corporate earnings do not live up to high expectations.

Base metals prices on the London Metal Exchange were largely trading sideways during the morning session on Tuesday April 13, after decreases across the board on Monday due to warnings out of China about rising commodity prices.