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Bismuth prices fell further on December 14, extending losses seen throughout the fourth quarter as oversupply in China continued to weigh on the market.
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Cobalt prices were unchanged on Wednesday December 14 as metal buying and selling continued across the range.
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Base metals prices dropped further during Wednesday’s official session on the London Metal Exchange as the euro continued to nosedive.
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The surplus in the global lead market widened to 9,300 tonnes in October, while the zinc market moved deeper into deficit, according to the International Lead and Zinc Study Group (ILZSG).
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South African chrome miner Tharisa is “40% through construction” of its latest chrome concentrate plant, ceo Phoevos Pouroulis told Metal Bulletin on December 14.
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Base metals prices are sliding further ahead of the festive period, as cracks start to appear in the mooted EU treaty aimed at saving the eurozone, a category I trader told Metal Bulletin during Wednesday’s pre-market trading on the London Metal Exchange.
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Timeline of global tax changes proposed or passed in 2011, affecting metals and mining companies:
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Thailand-based Siam Emco Corp has taken over tungsten producer SC Mining and plans to develop it into a major supplier of tungsten concentrate in Southeast Asia, according to the new owner, Siam Emco’s Tepsiri Kijbamrung.
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Shanghai Futures Exchange copper slipped again, on worries about demand from debt-stricken economies.
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London Metal Exchange copper fluctuated around $7,500 per tonne in early Asian trading on Wednesday as investors remained cautious after Fitch Ratings cut its credit outlook for four eastern European countries.
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Demand in the domestic tungsten market has slowed to a crawl as 2012 approaches and end-users are loathe to stock up, market participants told AMM.
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Orbite Aluminae Inc. has named Yves Noël vice president of sales and marketing.
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Canadian Zinc Corp. has received approval from an environmental review board to operate its Prairie Creek Mine project in Canada’s Northwest Territories.
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Revett Silver Co. has obtained a $20-million credit facility from Société Générale SA to be used for further development at its Troy Mine and Rock Creek projects in Montana.
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Horsehead Holding Corp. has transferred its 2012-13 hedges from an MF Global Inc. affiliate to another clearing member of the London Clearing House, the zinc producer said Tuesday.
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Secondary aluminum alloy market sentiment appears to have turned bearish after lower terminal market prices triggered a wave of selling at weaker numbers this past week.
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Spot deals for aluminum ingot remain few and far between this month, with suppliers reporting premiums in a wide range for the occasional orders still hitting the books.
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Mining equipment manufacturer Metso has won a patent infringement lawsuit against Terex, one of its subsidiaries and two of its dealers in the USA.
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Base metals prices were driven only by currency exchange movements on December 13, a trader told Metal Bulletin during the day’s kerb trading on the London Metal Exchange.
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Norilsk Nickel is to hold two emergency general meetings for shareholders in February to finalise plans to introduce independent director remuneration
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Analyst Ed Meir looks at what is moving the metals markets on Tuesday.
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Glencore has proposed selling cobalt hydroxide on 2012 annual contracts to some counterparts in China with a sliding floor price for cobalt payables, market sources told Metal Bulletin.
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The restart of the Bindura Nickel Corp (BNC) project in Zimbabwe is dependent on appropriate funding being secured, 52.9% owner Mwana Africa said in its first-half report released on Monday.
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Rio Tinto could set up a partnership with the Chinese consortium that is bidding for the Namibian uranium operations in which the Australian diversified miner has a sizable stake, analysts said.