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Getting Started With A Digital Short Interval Control System In Mining #shortintervalcontrol #miningindustry #digital

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Originally shared by Rick Li
Global merchants #Glencore and #Trafigura were among the first foreign firms to trade iron ore on Friday (May 4), although they have long had access to the contract through local entities. The change means foreign companies will be able to trade directly, opening the market to more participants.

#Ironore is the second commodity #China has opened to outside investors following the launching of a crude oil futures contract in March that aims to compete with rival global benchmarks. The move is expected to increase trading in the #DalianCommodityExchange’s iron ore contract, which was launched in 2013 and is already among China’s most liquid derivatives, with volumes far surpassing shipments of global seaborne iron ore trade.


#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
China vows to open up more futures markets as iron ore goes international
https://in.reuters.com/article/us-asia-ironore/china-vows-to-open-up-more-futures-markets-as-iron-ore-goes-international-idINKBN1I503N
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The heat is on in the global #coalmarket. Prices of Newcastle #coal are at the highest level since 2012 after surging 24% since mid-April to $112.05 a metric ton on Thursday (June 7) as #China maintains robust demand during unseasonably hot weather. Despite measures imposed by the top user to cool soaring domestic prices, international miners are on a roll after a 5-year downturn that shuttered mines and cost jobs.

China’s power producers have been challenged by extreme weather in 2018, from a cold snap in January to a heatwave in May, draining stockpiles. The nation has boosted coal imports by 8.2% to 121 million tons in the first 5 months this year even as policy makers imposed restrictions on some shipments.


#Commodities #CommoditiesTrading #CoalPrices #CommodityPrices #CommodityMarket #Mining #MiningIndustry #CoalMining #MiningCompanies #Australia
Coal Rallies to Six-Year High as Heatwave Fires Up China Demand
https://www.bloomberg.com/news/articles/2018-06-08/coal-rallies-to-six-year-high-as-heatwave-fires-up-china-demand
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Transport worldwide will be the main driver of demand for #lithium -ion batteries this year for the first time, overtaking consumer electronics, according the Bloomberg New Energy Finance. By 2030, electric vehicles and e-buses will account for almost 90% of production.


#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #BaseMetals #MiningCompanies #IndustrialMetals #LithiumPrices #LithiumMining
Vehicles to Take the Lead in Lithium
https://www.bloomberg.com/news/articles/2018-06-06/vehicles-to-take-the-lead-in-lithium
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Spot #aluminum premiums in #Asia have nearly halved in recent weeks, even as U.S. premiums hold at 3-year highs, driven down by an influx of Chinese metal and bets that Russian producer #Rusal will avoid sanctions. The U.S. spot premium, a surcharge on top of the futures price to secure delivery of metal from warehouses, has more than doubled so far this year to $485 a ton. The rise was spurred by a 10% U.S. import tariff aimed at kickstarting domestic output, and fanned by a U.S. move to impose sanctions on United Company Rusal, preventing customers with U.S. exposure from buying metal from the world’s second-largest producer.


#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IndustrialMetals #MiningCompanies #AluminiumPrices #BaseMetals
Asia aluminum premiums tumble as Rusal trade unwinds, China exports jump
https://www.reuters.com/article/us-aluminium-supply-asia/asia-aluminum-premiums-tumble-as-rusal-trade-unwinds-china-exports-jump-idUSKCN1J20QC
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United Company #Rusal, the world’s second biggest #aluminum producer, in May increased aluminum exports to 197,000 tonnes, up almost threefold from April, according to Interfax. January-May aluminum exports totaled 972,000 tonnes, down 16% on a year earlier. Rusal, placed under U.S. sanctions in April, has resumed shipping aluminum to some customers following an extension of a deadline for companies to wind down contracts with the Russian firm.


#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IndustrialMetals #MiningCompanies #AluminiumPrices #BaseMetals
Rusal's May aluminum exports up threefold: Interfax
https://www.reuters.com/article/us-usa-sanctions-rusal-aluminium/rusals-may-aluminum-exports-up-threefold-interfax-idUSKCN1J10S0
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#China’s spot #ironore prices at ports remain firm as traders tend to wait and see, deeming spot market is largely influenced by futures market. #Steel mills saw inquiries for MNP fines but with low buying interest. Spot price for 61.5%-Fe PB fines is set at RMB455/wmt at Qingdao Port, including RMB35/tonne port charge and 16% VAT. Spot trade at main ports weakened amid a RMB3/tonne decrease in partial transaction prices. Steel mills’ procurement was concentrated on MNP fines. Newman fines heard trade at RMB483/tonne in Tangshan, PB fines heard trade at RMB452/tonne in Shandong port.


#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
Chinese iron ore and steelmaking prices June 05 2018
https://www.hellenicshippingnews.com/chinese-iron-ore-and-steelmaking-prices-june-05-2018/
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#Ironore markets are as jumpy as a cat on a hot tin roof, maintaining the yo-yo price action seen over the past week. According to Metal Bulletin, the spot price for benchmark 62% fines jumped by 1.3% to $66.34 a tonne, leaving it at the highest level since May 24. Like the benchmark, higher grades also pushed higher on Wednesday (June 6) with the price for 65% fines lifting 0.8% a tonne. Lower grades, however, failed to participate in the rally, holding steady at $38.51 a tonne.


#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
Iron ore markets are as jumpy as a cat on a hot tin roof
https://www.businessinsider.com.au/iron-ore-prices-china-mine-closures-port-inventory-2018-6
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#Gold prices were lower on Friday (June 1), as the U.S. dollar strengthened after a better than expected jobs report. Comex gold futures for June delivery were down 0.48% to $1,293.90 a troy ounce. Gold is denominated in the U.S. currency and is sensitive to moves in the dollar. #Bullion becomes more expensive for holders of other currencies when the dollar rises.

Elsewhere on the Comex, #silver futures were down 0.11% to $16.440 a troy ounce. Among other precious metals, #Platinum Futures fell 0.32% to $907.20 while Palladium Futures increased 0.28% to $984.40 an ounce. #Copper futures gained 0.49% to $3.080 a pound.


#Commodities #CommoditiesTrading #CommodityPrices #Mining #GoldTrading #CommodityMarket #GoldMining #PreciousMetals #GoldFutures #GoldPrices #MiningCompanies #MiningIndustry #GoldMarket
Gold Falls as Dollar Strengthens After Jobs Report
https://uk.investing.com/news/commodities-news/gold-falls-as-dollar-strengthens-after-jobs-report-1200934
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