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Metals Industry News

US secondary aluminium alloy prices dip on record price spread vs scrap

Base Metals Market - Wed, 09/05/2018 - 22:07
Most secondary aluminium alloy prices ticked lower in the United States on Tuesday September 4, with a new record-wide spread between benchmark A380.1 and non-ferrous auto shred (twitch) heightening the pressure on alloys.
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BHP buys stake in Ecuador copper project as it predicts tightness in concentrate

Base Metals Market - Wed, 09/05/2018 - 20:28
BHP has entered into an agreement to buy a small stake in an Australian junior mining company that owns and operates a copper-gold project in Ecuador.
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LIVE FUTURES REPORT 05/09: LME copper, aluminium prices inch higher on dollar dip; nickel slide continues

Base Metals Market - Wed, 09/05/2018 - 17:55
Copper prices on the London Metal Exchange climbed 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the US dollar index amid continued price dips in the three-month lead and nickel prices.
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GLOBAL NICKEL WRAP: China premiums slide on thin trading; EU briquettes see renewed interest

Base Metals Market - Wed, 09/05/2018 - 17:30
Nickel premiums in China dipped on Tuesday September 4 as the closed arbitrage window has thinned buying interest, while European briquette premiums widened on renewed market interest following the end of summer holidays.
Categories: Metals Industry News

PRICING NOTICE: Clarification of Rotterdam aluminium premium monthly averages

Base Metals Market - Wed, 09/05/2018 - 17:09
Metal Bulletin wishes to highlight minor changes to the publication of its Rotterdam aluminium P1020A premium monthly averages following the discontinuation of single number assessments on August 24.
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Zijin Mining to acquire Nevsun in all-cash agreement worth $1.41 bln

Base Metals Market - Wed, 09/05/2018 - 16:38
Chinese gold and copper miner Zijin Mining is set to outbid competitor Lundin Mining to acquire Canada’s Nevsun Resources, in an agreement valued around C$6 ($4.56) per share and totaling C$1.86 billion ($1.41 billion), Nevsun said on Wednesday September 5.
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LIVE FUTURES REPORT 05/09: Comex copper price shows modest recovery

Base Metals Market - Wed, 09/05/2018 - 15:40
Comex copper prices sustained a minor recovery in midweek trading on Wednesday September 5 with a softening dollar supporting the base metals complex.
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GLOBAL ZINC & LEAD WRAP: Chinese zinc premiums at 4-yr high after arb window swings wide open

Base Metals Market - Wed, 09/05/2018 - 15:22
Zinc premiums shot up to four-year highs in China in the week ended Tuesday September 4 after a large import arbitrage encouraged deals at premiums up to and above $200 per tonne.
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GLOBAL TIN WRAP: Premiums stable on thin spot activity; US demand strengthens

Base Metals Market - Wed, 09/05/2018 - 14:37
Metal Bulletin tin premiums were flat across all regional spot markets on Tuesday September 4, with continued inactivity over the summer period limiting investment, while abundant domestic supply and a closed import window in China spurred little change to premium ranges.
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PRICING NOTICE: Correction to Metal Bulletin cif Japan aluminium billet premium

Base Metals Market - Wed, 09/05/2018 - 12:55
Due to a scheduling error, Metal Bulletin published a cif Japan aluminium billet premium on August 31.
Categories: Metals Industry News

ALUMINIUM ARB INDICATOR: Window widens despite higher freight, barge costs

Base Metals Market - Wed, 09/05/2018 - 12:39
The aluminium import arbitrage between the United States and Asia widened slightly this month, with the US Midwest premium remaining strong against a falling London Metal Exchange price.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 05/09: Vietnam scrap prices move up; aluminium market holds firm; China HRC prices retreat

Base Metals Market - Wed, 09/05/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Wednesday September 5.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/09: Firm dollar rattles LME base metals; copper, nickel prices tick higher

Base Metals Market - Wed, 09/05/2018 - 11:35
Base metals' prices on the London Metal Exchange were mostly lower during morning trading on Wednesday September 5, buffeted by continued strength in the US dollar while emerging market weakness, notably in Argentina, continues to rattle commodity investment.
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GLOBAL ALUMINIUM WRAP: Global markets broadly stable; Brazil cif premium widens downward, further weakness eyed

Base Metals Market - Wed, 09/05/2018 - 11:24
Aluminium markets were broadly steady across all regions in the week ended Tuesday September 4, with focus turning toward upcoming negotiations for long-term supply contracts.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 05/09: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 09/05/2018 - 10:09
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday September 5*
Categories: Metals Industry News

METALS MORNING VIEW 05/09: Metals consolidate, market focus shifts to emerging markets

Base Metals Market - Wed, 09/05/2018 - 09:55
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Wednesday September 5, with consolidation mode setting in after Tuesday’s losses.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 05/09: First Q4 MJP ali deal done; global copper wrap; European FeV prices up on renewed demand

Base Metals Market - Wed, 09/05/2018 - 09:00
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Wednesday September 5.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/09: Nickel leads SHFE complex lower; tin bucks trend

Base Metals Market - Wed, 09/05/2018 - 08:45
Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday September 5, with nickel leading the complex lower. Tin was the only metal record any gains.
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NEWSBREAK: First Q4 MJP aluminium deal done at $103 per tonne

Base Metals Market - Wed, 09/05/2018 - 08:05
A Japanese consumer has concluded a deal with a major aluminium producer for October-December delivery to main Japanese ports (MJP) on a cif basis at a premium of $103 per tonne over the London Metal Exchange cash price, the consumer confirmed to Metal Bulletin on Wednesday September 5.
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GLOBAL COPPER WRAP: US market prepares for annual contract talks; availability of Russian metal sinks Rotterdam premium

Base Metals Market - Wed, 09/05/2018 - 04:45
Copper cathode premiums in the United States were stable in the week ended Tuesday September 4, with participants shifting their collective focus to annual contract negotiations.
Categories: Metals Industry News

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