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NON-FERROUS WEEK IN BRIEF: Glencore banked $2 bln profits in 2017; Wieland Group to acquire Aurubis’ rolled-products division; Section 232 could reorganize world supply chains

Fri, 02/23/2018 - 18:15
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Categories: Metals Industry News

Paul Crone to join ECTP as head of metals proprietary trading

Fri, 02/23/2018 - 17:52
Paul Crone will join Engelhart Commodities Trading Partners (ECTP) as the head of proprietary trading for its metals division, based in Stamford, Connecticut, in the United States.
Categories: Metals Industry News

EXPERT VIEW: The backs are back in aluminium - for now

Fri, 02/23/2018 - 17:42
The benchmark cash/three-month spread in aluminium at the start of this week hit backwardation levels not seen since before the Global Financial Crisis, which is a landmark event but not necessarily a signal of a major shift in market dynamics.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/02: Base metals prices end on weak footing; only tin closes higher

Fri, 02/23/2018 - 17:26
Tin was the only base metal to close in positive territory on the London Metal Exchange on Friday February 23, with the rest correcting lower.
Categories: Metals Industry News

Zinc, lead concentrate TCs hold at low levels in Feb

Fri, 02/23/2018 - 15:50
Treatment charges (TCs) for spot zinc and lead concentrates continued to trade at low levels in February, with the Chinese market winding down for New Year holidays and participants discussing annual terms at the IZA conference in California.
Categories: Metals Industry News

Section 232 report isolating US from global aluminium flow [UPDATED]

Fri, 02/23/2018 - 15:48
The proposed Section 232 investigation remedies by the United States Commerce Department are becoming apparent in the global market, with the common theme a reorganization of the world’s supply chains to remove the US from the trade flow.
Categories: Metals Industry News

Section 232 report isolating US from global aluminium flow (Update)

Fri, 02/23/2018 - 15:48
The proposed Section 232 investigation remedies by the United States Commerce Department are becoming apparent in the global market, with the common theme a reorganization of the world’s supply chains to remove the US from the trade flow.
Categories: Metals Industry News

PEOPLE MOVES: Base metals trader Jonathan Berchole leaves Mercuria - source

Fri, 02/23/2018 - 14:23
Jonathan Berchole, a senior base metals trader at Mercuria Energy Group, has left the company, a well-informed source told Metal Bulletin.
Categories: Metals Industry News

MSC's 2017 profit up on higher tin prices; smelter relocation to address inefficiencies

Fri, 02/23/2018 - 14:02
Malaysia Smelting Corp (MSC) recorded a 20% increase in net profit at its tin mining unit in 2017, but its smelting segment registered a loss due to aged equipment and operation inefficiencies that will be addressed by the relocation of its Butterworth smelter from Penang to Port Klang, it said on Friday February 23.
Categories: Metals Industry News

PEOPLE MOVES: Montanwerke Brixlegg CCO Bernhard Uldrian steps down

Fri, 02/23/2018 - 12:45
Bernhard Uldrian, Montanwerke Brixlegg’s chief commercial officer, resigned from his position at the end of January, Metal Bulletin has learned.
Categories: Metals Industry News

PEOPLE MOVES: Montanwerke Brixlegg’s CCO Bernhard Uldrian steps down

Fri, 02/23/2018 - 12:45
Bernhard Uldrian, Montanwerke Brixlegg’s chief commercial officer, stepped down from his position at the end of January, Metal Bulletin has learned.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 23/02: LME base metals dip; SHFE stocks higher; Rusal 2017 earnings up

Fri, 02/23/2018 - 11:40
Good morning from Metal Bulletin’s London office, bringing you the latest news and pricing stories on Friday February 23.
Categories: Metals Industry News

UPDATE: Wieland Group seeks copper growth outside Europe after Aurubis division acquisition

Fri, 02/23/2018 - 11:30
Wieland Group will strengthen its position as Europe’s largest semi-finished copper products producer by acquiring Aurubis’ rolled-products division later this year, yet the deal is intended to kickstart growth in the US and Asian markets, chief executive officer Erwin Mayr told Metal Bulletin.
Categories: Metals Industry News

SHFE STOCKS REPORT 23/02: copper stocks up; nickel, tin down

Fri, 02/23/2018 - 11:15
Deliverable base metals stocks at Shanghai Futures Exchange-approved warehouses all rose in the short trading week to Friday February 23, except for nickel and tin which saw a very slight decline.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/02: LME base metals dip lower; prices awaiting new direction

Fri, 02/23/2018 - 10:29
Base metals prices on the London Metal Exchange dipped across the board during morning trading on Friday February 23, with prices awaiting further direction to move higher.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 23/02: Copper, aluminium, zinc, nickel

Fri, 02/23/2018 - 09:25
The arbitrage for copper, aluminium, zinc and nickel imported into China on Friday February 23*
Categories: Metals Industry News

METALS MORNING VIEW 23/02: Metals prices consolidate after Thursday's rebounds

Fri, 02/23/2018 - 08:15
The base metals complex on the London Metal Exchange is mixed this morning, Friday February 23, with prices down by an average of 0.2%. Zinc prices lead the decline with a 0.8% fall to $3,501 per tonne, copper and nickel prices are off by 0.4% with the former at $7,143 per tonne, aluminium prices are bucking the trend with a 0.4% rise, while the rest are little changed.
Categories: Metals Industry News

Stonger demand, LME prices drive Rusal's earnings higher in 2017

Fri, 02/23/2018 - 05:59
UC Rusal’s adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) increased to $2.12 billion in 2017, the company said in its report on Friday February 23.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 23/02: SHFE base metals broadly higher; Section 232 isolates US from trade flows; HudBay posts strong earnings

Fri, 02/23/2018 - 03:30
Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Friday February 23.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/02: SHFE base metals all higher as market gears up after holidays

Fri, 02/23/2018 - 02:46
Base prices on the Shanghai Futures Exchange (SHFE) rose across the board during Asian morning trading on Friday February 23, the second trading day after Lunar New Year holidays.
Categories: Metals Industry News

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