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LIVE FUTURES REPORT 17/04: SHFE base metals mostly up; aluminium leads the pack higher

Tue, 04/17/2018 - 05:30
Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Tuesday April 17, partially buoyed by positive Chinese economic data. Meanwhile, the fallout surrounding the sanctions imposed by the United States on Russian aluminium producer UC Rusal continue to drive prices for the light metal higher.
Categories: Metals Industry News

CESCO: China could ease copper scrap regulation again in 2 years - Lion

Mon, 04/16/2018 - 22:05
China’s newly implemented restrictions on imported copper scrap have caused some drastic changes in global flows that may prompt the country to revert its policy within the next two years, consultant and scrap specialist Michael Lion said during the annual CESCO Week copper conference held in Santiago, Chile, last week.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/04: LME Ali price rallies 5%; nickel at 3-month high

Mon, 04/16/2018 - 18:00
Aluminium on the London Metal Exchange continued its record-breaking rally by the close of trading on Monday April 16, rocketing over 5% to reach a high of more than $2,400 per tonne.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/04: LME Ali price rallies 5%; nickel at 3-yr high

Mon, 04/16/2018 - 18:00
Aluminium on the London Metal Exchange continued its record-breaking rally by the close of trading on Monday April 16, rocketing over 5% to reach a high of more than $2,400 per tonne.
Categories: Metals Industry News

Vale copper production drops 13% y-o-y in Q1

Mon, 04/16/2018 - 17:58
Vale’s copper output in the first quarter of 2018 was 13.2% lower on an annual comparison, reflecting the company’s decision to place some mines on care and maintenance and lower ore grades obtained at Salobo mine in Brazil.
Categories: Metals Industry News

Vale Q1 nickel production drops 18%; Q2 output to hit 65kt

Mon, 04/16/2018 - 17:25
Vale’s nickel production fell 17.9% year on year in the first-quarter 2018, following the company’s decision to place non-competitive mines in Canada on care and maintenance, among other steps taken to optimize margins.
Categories: Metals Industry News

LME says Rusal hedges can be unwound only in ring-fenced accounts

Mon, 04/16/2018 - 17:09
The London Metal Exchange will allow open positions with Russian aluminium producer Rusal to remain open until June 5 and hedges to be unwound as long as payments are made into segregated accounts, it said in a notice to its members on Monday April 16.
Categories: Metals Industry News

Workers at Chile's Caserones copper mine accept offer for new labor contract

Mon, 04/16/2018 - 16:00
Minera Lumina Copper Chile (MLCC) has reached a deal for a new labor contract with union workers at its Caserones mine, the company said late on Friday April 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/04: Comex copper price begins week in solid position

Mon, 04/16/2018 - 15:32
Comex copper prices recovered further in the US morning on Monday April 16 amid a brief pause in geopolitical tensions.
Categories: Metals Industry News

China's March aluminium exports at annual high

Mon, 04/16/2018 - 12:40
Chinese export volumes of unwrought aluminium and aluminium products hit a record high for the year in March, according to preliminary Chinese customs data released on Friday April 13.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 16/04: LME ali prices rise again; Vedanta hires new CEO; PT Aneka Tambang’s nickel ore production surges

Mon, 04/16/2018 - 12:40
The latest metal markets news and price moves to start the North American day on Monday April 16.
Categories: Metals Industry News

Spot copper conc TC/RCs up for the first time since Jan on large smelter shutdown

Mon, 04/16/2018 - 12:32
Spot market treatment and refining charges (TC/RCs) for copper concentrates rose for the first time since January on Friday April 13 following an enforced shutdown of Sterlite’s Tuticorin smelter.
Categories: Metals Industry News

South Korea’s PPS aluminium tender premiums jump to $132-133/t

Mon, 04/16/2018 - 12:15
South Korea’s Public Procurement Service (PPS) awarded two 1,000-tonne aluminium tenders at premiums of $132-133 per tonne last Friday April 13, which are higher than the premiums it had awarded for tenders earlier that week.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 16/04: Copper, aluminium, zinc, nickel

Mon, 04/16/2018 - 11:46
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday April 16*
Categories: Metals Industry News

LIVE FUTURES REPORT 16/04: LME aluminium price jumps up 2%; nickel price on the rise

Mon, 04/16/2018 - 11:02
Aluminium prices on the London Metal Exchange rose again during morning trading on Monday April 16, soaring to six-year highs amid a strong base metals complex.
Categories: Metals Industry News

Vedanta appoint AngloGold chief Venkatakrishnan as new CEO

Mon, 04/16/2018 - 10:02
Vedanta Resources has appointed Srinivasan Venkatakrishnan as its new chief executive officer (CEO), recruiting the executive from rising gold developer AngloGold Ashanti Ltd.
Categories: Metals Industry News

Antam’s nickel ore output quadruples, bauxite production doubles in Q1

Mon, 04/16/2018 - 09:45
Nickel ore production at PT Aneka Tambang (Antam) surged 301% year on year to 2.11 million wet metric tonnes (wmt) in January-March of this year, the Indonesian state-owned miner said on Friday April 13.
Categories: Metals Industry News

METALS MORNING VIEW 16/04: Base metals off to a slightly positive start to the week despite higher geopolitical risks

Mon, 04/16/2018 - 09:00
Base metals traded on the London Metal Exchange experienced slight upward pressure this morning, Monday April 16, with the complex posting an average gain of 0.5% amid decent trading volumes.
Categories: Metals Industry News

South Korea’s PPS to buy 1kt of zinc, re-issues tender for another 500t

Mon, 04/16/2018 - 08:00
South Korea’s Public Procurement Service (PPS) has floated a tender to purchase 1,000 tonnes of zinc, and re-issued a tender to procure another 500 tonnes of the metal, according to notices from the state agency.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 16/04: SHFE base metals prices under pressure; MJP aluminium premium jumps 11%; aluminium prices to remain high, volatile

Mon, 04/16/2018 - 06:15
Good morning from Metal Bulletin’s offices in Shanghai as we bring you the latest news and pricing stories on Monday April 16.
Categories: Metals Industry News

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