January 2018

Rand appreciation should preclude near-term price drops for South African ores and alloys - producers

The appreciation of the South African rand since mid-November 2017 should preclude near-term price drops for the country’s ores and alloys and will probably lead to further increases, according to producers.

Jupiter Mines funds share buyback with Tshipi distribution

Jupiter Mines this week opened a $42 million share buyback, partly funded by a 1.1 billion South African rand ($91.9 million) distribution to shareholders by South African manganese miner Tshipi, of which it owns 49.9%.

FORECAST: Citi predicts manganese ore prices at $6.70/dmtu in Q1, $6.30/dmtu in Q2

Due to a tight market balance, Citibank expects spot prices to sustain in the near term at $6.50-7 per dry metric tonne unit (dmtu), cif, China.

GLOBAL MANGANESE WRAP: Ore prices continue run up amid tighter supplies

Manganese ore prices continued to exhibit strength on thinning supplies last week, while Chinese alloy markets felt pressure from slowing demand.

Noble Group reaches restructuring deal, existing shareholders' stake to drop to 10%

Noble Group has agreed on a restructuring deal with a group of senior creditors that would halve its existing debt and leave current shareholders with 10% of the restructured company, according to a statement from Noble on Monday January 29.

MB NON-FERROUS PRICE CHANGES 26/01: Noble alloys, bulk alloys & ores

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday January 26:

IN FIGURES: China’s ferro-alloys imports in December

Summary of China’s ferro-alloys imports in December and the full year 2017.

South32 boosts manganese outlook by 8% in 2018 after Q2 output rises

Production of manganese ore at South32’s South Africa Manganese operation rose by 28% quarter on quarter and 22% on an annual basis in the second fiscal quarter ended December 31, 2017, the company said last week.

GLOBAL MANGANESE WRAP: Low-grade ore prices dip on lower offer prices

Manganese ore buyers secured cheaper offers for low-grade ore last week when they returned to the market for March material.

NON-FERROUS WEEK IN BRIEF: BHP reveals strong results; Alcoa posts Q4 loss; manganese ore producers face shipping delays; germanium prices rise on Teck’s partial force majeure

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.