Seaborne iron ore market experienced a slight downward correction on Friday July 29 after going above the $60-per-tonne level a day earlier.

Metal Bulletin proposes changes to the pricing methodology for its Aluminium P1020 cif quarterly main Japanese ports (MJP) premium and Aluminium P1020 cif MJP spot premium.

High and volatile aluminium prices are likely to persist in the near term on uncertainty caused by the US Treasury Department's sanctions on Russian oligarch Oleg Deripaska and aluminium producer UC Rusal, investment bank Goldman Sachs said in a report on Thursday April 12.

The seaborne iron ore market fell on Tuesday January 23 in line with the weakening steel billet prices and a falling futures curve.

BHP Billiton’s ceo Andrew Mackenzie said an inquiry into Australia’s iron ore industry was “unnecessary” as it sends the “wrong signal” to international customers about the country’s commitment to free trade.

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.

It was another busy week for the Metal Bulletin journalists, with the LME, market movements and banks’ positions in commodity markets catching our attention.

The seaborne iron ore market was quiet at the start of the week, although news of output cuts at mills in a key steel production region in north China, shook market confidence.

The seaborne iron ore market was quiet at the start of the week, although news of output cuts at mills in a key steel production region in north China, shook market confidence.

The new London Metal Exchange cash-settled alumina contract will help the exchange to retain its top spot as the global reference for the aluminium industry, according to LME business development analyst Antonio Masiero.