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Updated: 1 hour 32 min ago

GLOBAL TIN WRAP: Premiums at two-month high in Europe; stable elsewhere

Wed, 04/18/2018 - 10:28
Tin premiums in Europe edged higher and hit a two-month high in the week to Tuesday April 17 due to a lack of supply from Indonesia, while premiums in China and the United States were unchanged.
Categories: Metals Industry News

Rio Tinto’s mined copper output up 65% in Q1

Wed, 04/18/2018 - 09:45
Rio Tinto reported a 65% year-on-year rise in its copper production during the first quarter of 2018, mainly due to a significant recovery in output at the Escondida mine in Chile following a labor union strike in the first half of last year.
Categories: Metals Industry News

METALS MORNING VIEW 18/04: Positive equities, monetary easing help to lift metal prices

Wed, 04/18/2018 - 08:55
Base metals prices on the London Metal Exchange are on divergent paths so far this morning, Wednesday April 18, despite the strong risk sentiment seen across wider financial markets following solid earnings results and the surprise monetary easing announced by China’s central bank.
Categories: Metals Industry News

Metro Mining starts bauxite production at Queensland asset

Wed, 04/18/2018 - 08:35
The Australian company has a number of supply agreements in place with China-based alumina and aluminium producers, which have been affected by disruption to their local bauxite supplies during rounds of government inspections and closures last year.
Categories: Metals Industry News

RIO TINTO AT A GLANCE: Q1 production results

Wed, 04/18/2018 - 06:22
Summary of Rio Tinto's first-quarter production results for the three months ended March 31: (Rio Tinto share unless otherwise indicated, year-on-year change)
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 18/04: SHFE aluminium runs into profit-taking; China’s wire rod export prices slide; Jupiter Mines shares commence trading

Wed, 04/18/2018 - 06:10
Good morning from Metal Bulletin’s office in Shanghai as we bring you the latest news and pricing stories on Wednesday April 18.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/04: SHFE base metals prices broadly down; aluminium runs into profit-taking

Wed, 04/18/2018 - 05:55
Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday April 18 after the generally positive Chinese data released yesterday failed to motivate investors to chase prices higher.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Copper premiums in Europe, Shanghai take different paths; US stable

Tue, 04/17/2018 - 23:32
Copper premiums moved in different directions across Europe, while greater trading interest in bonded stocks versus cif cargoes weighed on premiums in Shanghai. Meanwhile, despite expectations of rising freight costs, copper premiums in the United States were stable this week due to limited spot availability.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: MJP and European ali premiums hit 2015 highs on back of Rusal sanctions

Tue, 04/17/2018 - 23:22
Aluminium premiums across Asia and Europe continued to soar higher, following the recent US sanctions imposed on UC Rusal, while the spot main Japanese ports (MJP) premium climbed to a three-year high.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 17/04

Tue, 04/17/2018 - 22:10
A summary of base metals premiums from across the globe for the week to Tuesday April 17.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/04: LME aluminium prices sustain post-sanction high; nickel, tin find strength

Tue, 04/17/2018 - 18:33
Aluminium on the London Metal Exchange closed above $2,400 per tonne on Tuesday April 17 for the first time since September 2011, continuing its strong momentum triggered by the United States imposing sanctions against Russian aluminium producer Rusal.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/04: Comex copper ascent erased; fundamental outlook unchanged

Tue, 04/17/2018 - 14:20
Comex copper prices failed to maintain enough momentum to open higher in the Tuesday April 17 session in the US, with geopolitical tensions outweighing a solid fundamental outlook.
Categories: Metals Industry News

LORD COPPER: 'Punishing' Russian sanctions could be felt far beyond Trump’s expectations

Tue, 04/17/2018 - 14:08
Trump’s import tariffs may have been welcomed by US manufacturing sectors for being supportive of domestic production, but the sanctions on Russia and Rusal-made aluminium could have far greater repercussions, Lord Copper muses.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 17/04: LME Ali price up; seaborne coking coal market weakens; China’s HRC domestic market edges up

Tue, 04/17/2018 - 12:25
The latest metal markets news and price moves to start the North American day on Tuesday April 17.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 17/04: Copper, aluminium, zinc, nickel

Tue, 04/17/2018 - 12:17
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday April 17*
Categories: Metals Industry News

LIVE FUTURES REPORT 17/04: LME aluminium price passes $2,400/t; other base metals largely subdued

Tue, 04/17/2018 - 11:01
Aluminium prices on the London Metal Exchange reached a high of $2,435 per tonne during morning trading on Tuesday April 17, continuing its momentum in the wake of the US sanction against Russian aluminium producer Rusal.
Categories: Metals Industry News

EXPERT VIEW: Ongoing aluminium price strength case underlined by bullish traded options

Tue, 04/17/2018 - 10:38
The aluminium market has got an awful lot going for it as the stand-out metal on the London Metal Exchange, both in terms of price performance, at a six-year high near $2,370 per tonne, and record electronic outright turnovers which have been seen in excess of 30,000 lots daily.
Categories: Metals Industry News

METALS MORNING VIEW 17/04: Chinese data boosts risk appetite, metals consolidate from recent gains

Tue, 04/17/2018 - 10:00
Base metals prices had a strong start to the trading week after a solid close on Monday April 16. Two metals dominated the headlines yesterday: the London Metal Exchange’s three-month aluminium price continued its vertical surge, while nickel closed above $14,000 per tonne amid growing concerns that the United States could implement additional sanctions on Russia.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 17/04: SHFE base metals prices broadly up; China’s crude steel, finished steel output rises in March; unresolved Fanya stocks remain wild card for indium

Tue, 04/17/2018 - 06:10
Good morning from Metal Bulletin’s offices in Shanghai as we bring you the latest news and pricing stories on Tuesday April 17.
Categories: Metals Industry News

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