Tag: Metals

New Platform Targets Ferroalloys and Specialty Metals Trading

Last week, I had a call with Frank Jackel, founder of metalshub, to discuss this interesting initiative in more detail. According to its website, metalshub will provide a digital marketplace for metals and ferroalloys to promote a more efficient and liquid physical market. Established in 2016, metalshub is based in Düsseldorf, Germany but operates globally. It is an international team with team members from five different countries and extensive experience in physical metals trading and logistics. Indeed, Frank and his co-founder have been in the metals business for around 20-years, working for Anglo American and The Boston Consulting Group (BCG), and have... continue reading

Boliden (SE) convinced: Dynamics 365 for operations and DycoTrade…

By the end of June a final contract between Boliden (SE) and DycoTrade has been signed, as Boliden has chosen to further develop their ERP platform. Boliden selected Microsoft Dynamics 365 for Operations in combination with DycoTrade to administer their business and business processes. Currently DycoTrade is working on the implementation for Boliden (Sweden, other countries). “A great win, for both Boliden and DycoTrade”, says Ouko Reitsema, Managing Director for DycoTrade. “Our continuous development in the DycoTrade software suite, both for Soft Commodities as well as Metals pays off”. As the latest version of DycoTrade is based on Microsoft Dynamics 365 for Operations (formerly Microsoft Dynamics AX)... continue reading

LME to expand trading around gold and silver reference prices

LONDON (Reuters) by Jan Harvey, Peter Hobson – The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday. Adding further clearing members is a top priority for the exchange as it looks to expand volumes on LME precious, the suite of gold and silver spot and futures it launched in July, Chamberlain said. “We have three clearing members who are in the testing environment now,” he said. “They have done all their... continue reading

Electric-Car Revolution Shakes Up the Biggest Metals Markets

(Bloomberg) by Mark Burton and Eddie Van Der Walt – The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets. While some of the largest diversified miners like Glencore Plc argue fossil fuels such as coal and oil still play a crucial role supplying energy needs, they’ll also benefit the most from a move to electric cars, requiring more cobalt, lithium, copper, aluminum and nickel. The outlook for greener transportation got a boost this year as the U.K. joined France and Norway in saying it... continue reading

Smaller mining companies seek IPOs but deals remain modest

By Zandi Shabalala | LONDON Stock market flotations of smaller mining and metals companies are set to pick up this year, although a return to the flood of deals five or six years ago remains unlikely while investors rebuild their bruised confidence in the sector. A continued rally in metals prices is galvanizing some firms into raising capital on exchanges across the world to fund exploration and plow cash into existing projects, with others also preparing initial public offerings. But with investors’ memories fresh of a bloodbath in mining stocks in 2015, the firms’ ambitions are modest: they are joining... continue reading

China’s ‘blue skies’ dreams mean red flags for industrial metals: Andy Home

By Andy Home | LONDON “We will make our skies blue again”. That was the rallying call issued by Chinese Premier Li Keqiang at the start of the country’s annual meeting of parliament. Any lingering doubts that air pollution has moved to the very top of Beijing’s political agenda should be dispelled. Targets have been set to reduce pollution in Beijing and Tianjin as well as 26 other cities in the provinces of Hebei, Shanxi, Shandong and Henan. Detailed instructions have been issued for everything from installing monitoring stations for car emissions at heavily used junctions to “boiler remediation”, including... continue reading

China lobs a grenade into the aluminum supply chain: Andy Home

By Andy Home | LONDON China’s “Air Pollution Control” regulation was formally approved on Feb. 20 and published on Feb. 28. It came into effect on Wednesday. It may sound pretty innocuous but, make no mistake, it represents a potential redefinition of the global aluminum market. The world’s largest producer of the metal will force aluminum smelters in four provinces surrounding Beijing to cut output by 30 percent over the winter heating season, which runs from the middle of November through the middle of March. The news has lit a fire under the aluminum price. On the London Metal Exchange... continue reading

Glencore warehouse company says aware of forged warehouse receipts

A metals warehouse company owned by commodity giant Glencore Plc said that it has become aware of fake warehouse receipts circulating in its name. Access World in a statement urged holders to seek authentication of the receipts for commodities such as copper and aluminum, which are typically used as collateral for bank finance. Metals markets were rocked more than two years ago by a $3 billion (2.4 billion pounds) fraud at Qingdao port in China, when a firm allegedly duplicated warehouse certificates to pledge metal as collateral for multiple bank loans. “Access World has become aware that there are forged... continue reading

2016: Not really a golden year, more a light plating

2016 was marked by two distinct halves for gold. The year started off on a rip, for the price anyway. It rocketed higher, fueled by flights to safety, havens for cash. Ultra-low US interest rates. Cash wasn’t king; gold stole the show, albeit it was short-lived. Now we’re approaching year-end and looking at that spot price, not that far off where it commenced 2016. The London Bullion Market Association Gold Price started 2016 at $1,072.70/oz, it settled on the morning of December 20 at $1,132.75/oz. The 2017 settlement high was $1,370/mt back in July. According to LBMA data, the morning... continue reading

Dycotrade Heads to the Cloud

A couple of days ago, I spoke with Mr. Arie Willem van der Plas, co-Managing Director at Dycotrade. Our conversation started by addressing the implications of announcement by Microsoft back in March this year regarding the availability of its next-generation cloud ERP solution, Microsoft Dynamics AX, built on and for Microsoft Azure, in 137 markets in 40 languages. The announcement also stated that “the new Dynamics AX moves beyond traditional business solutions and brings ERP, business intelligence, infrastructure and database services together in a single offering, empowering organizations to run industry-specific and operational business processes that are extendable with specific... continue reading

Steel plate prices playing catch-up to hot-rolled sheet in US

The US hot-rolled coil (HRC) and cut-to-length steel plate markets are currently sitting in a very unusual position due to developments since mid-year. The normal premium for commodity A36 plate over HRC, a commodity sheet steel product, has not just shrunk but rather disappeared and plate is now selling at a discount to HRC. This current pricing landscape is not trending to a return to normalcy either, as end-use markets for plate have been battered, while HRC has benefited from strong downstream processing demand. Currently, both products are subject to price increase efforts by mills, with HRC maintaining its edge... continue reading

Gauging the Trump effect on global commodities

There is perhaps no better reminder that the US presidency is a position of extraordinary power. Since the victory of US President-elect Donald Trump last week, businesses and governments have been working overtime to try to discern exactly what his presidency might mean for a range of important policy areas. Across the world, every campaign statement, interview, tweet and early appointment by Trump’s transition team is now being carefully examined for clues as to how the newly-elected Republican will act once he moves into the White House. The questions over the President-elect’s positions are more numerous than they would have... continue reading

DycoTrade Metals, Ready for Takeoff

October 31st, 2016 – “Oh yeah, we are happy at this moment”, Ouko Reitsema says, sitting behind his desk at DycoTrade Head-Office. “It took us a while, but the result is better and more advanced than we anticipated for a long time. We have very high expectations on the new DycoTrade Metals Solution, as currently is available”. Some 15 years DycoTrade and her predecessors were active in the Commodity Trade and Risk business. The design, development, implementation of a broad, user-friendly application and the GoLive’s of many customers has taken place. The application, “DycoTrade” is based on Dynamics AX, a... continue reading

IHS Markit Launches Innovative Digital Solution for Traders and Manufacturers Tracking Metals Inventory

LONDON–(BUSINESS WIRE)– IHS Markit (INFO), a world leader in critical information, analytics and solutions, today announced that it has launched a new service which digitizes the tracking of base metals inventory, such as aluminum, for trading firms and manufacturers. Commodity Tracker reduces operational risk by providing traders, salespeople, logistics managers, and finance and treasury departments a consolidated, near real-time view of commodities inventory. The automated system replaces the need to reconcile inventory documents manually, making firms more accurate and efficient. Anshuman Jaswal, Senior Analyst at Celent, said: “Commodities is a prime area for digitization and automation. Firms realize they need... continue reading

Steel daggers fly once again at Clinton-Trump debate

The resilience of steel is well-known — even as a presidential debate zinger. Hillary Clinton got two steely jabs in Wednesday night, once again chiding Donald Trump for running an America First campaign after constructing his buildings with Chinese steel and aluminum, the latter clearly riding steel’s ferrous coattails onto the national political stage. Metals were the only commodities debated in the third and final campaign confrontation. There was no discussion of past political footballs like coal, oil, natural gas or even the price of gasoline. It was the second debate in which the issue of Chinese steel was raised.... continue reading

The Technologically Fabulous and Economically Challenged World of Rare Earth Metals

Perspective and point of reference is critical when making conversation.   For example, I recently picked up a pair of ultralight ear bud speakers at an airport kiosk and casually remarked to a colleague travelling with me, “What would we do without rare earth metal?”.    To which he responded, “Rare Earth was NOT metal, they were soul rock.  I mean, c’mon.. you call ‘I Just Want to Celebrate’ metal?”. Apologies in advance to all the ‘70’s rock fans who will now be humming that Rare Earth ditty for the rest of the day. Obviously, my point of reference was technologically oriented... continue reading