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Updated: 17 min 51 sec ago

Escondida miners’ union rejects BHP offer as threat of strike looms

Fri, 07/13/2018 - 12:28
The main union at Escondida, the world’s largest copper mine, has rejected the company’s latest contractual offer, the union said on Thursday July 12.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 13/07: LME prices lower again; SHFE zinc stocks fall 22.6%; ThyssenKrupp interim CEO

Fri, 07/13/2018 - 12:00
The latest news and price moves to start the North American day on Friday July 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/07: Escalating US-China trade tensions weigh on LME base metals; zinc, lead prices down 1.1%

Fri, 07/13/2018 - 11:20
Base metals price on the London Metal Exchange edged mostly lower during morning trading on Friday July 13, pressured by further uncertainty over US-Sino trade relations after the bilateral trade surplus between the two countries widened to record levels in June.
Categories: Metals Industry News

SHFE STOCKS REPORT 13/07: SHFE zinc stocks fall over 22% w-o-w; lead jumps close to 70%

Fri, 07/13/2018 - 11:20
Deliverable zinc stocks at Shanghai Futures Exchange-approved warehouses dropped by 16,919 tonnes or 22.6% over the past week to 58,016 tonnes as of Friday July 13.
Categories: Metals Industry News

FOCUS: Indonesia battles China for Asian stainless steel dominance

Fri, 07/13/2018 - 10:55
Indonesia’s growing presence in the international market as a stainless steel exporter - made possible by an influx of Chinese-backed producers in the country - presents a potential challenge to China’s dominance of the Asian markets, participants told Metal Bulletin.
Categories: Metals Industry News

METALS MORNING VIEW 13/07: Metals struggle to find support

Fri, 07/13/2018 - 09:15
Base metals markets remain jittery following continued rhetoric from US President Donald Trump over trade. Three-month prices on the London Metal Exchange were down by an average of 0.4% as at 7.32am London time on Friday July 13, with copper prices off by 0.1% at $6,210 per tonne.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 13/07: Copper, aluminium, zinc, nickel

Fri, 07/13/2018 - 09:15
The arbitrage for copper, aluminium, zinc and nickel imported into China on Friday July 13*
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 13/07: SHFE base metals down; US-China trade war intensifies; US copper, brass scrap prices

Fri, 07/13/2018 - 08:00
Good morning from Metal Bulletin’s office in Asia as we bring you the latest news and pricing stories on Friday July 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/07: SHFE base metals prices down, bar tin; zinc leads on downside

Fri, 07/13/2018 - 07:10
Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Friday July 13, with the market still troubled by the escalating trade war between China and the United States.
Categories: Metals Industry News

Optimism fades with US copper, brass scrap price fall

Thu, 07/12/2018 - 23:05
Copper and brass scrap markets in the United States have eroded in value due to a combination of ample scrap supply, steep drops in primary metal prices on Comex and limited demand.
Categories: Metals Industry News

US aluminium consumers clamor for duty-unpaid P1020 premium

Thu, 07/12/2018 - 23:03
Aluminium consumers in the United States are clamoring for an alternative to the current Midwest aluminium premium, reacting to the premium's surge to a near all-time high this year.
Categories: Metals Industry News

PRICING NOTICE: Proposal to launch US aluminium duty-unpaid P1020 premium

Thu, 07/12/2018 - 22:59
American Metal Market is proposing to launch a weekly assessment of a US aluminium duty-unpaid P1020 premium, to be assessed once per week on Tuesday.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/07: LME base metals make slight recovery, nickel climbs 2.2%

Thu, 07/12/2018 - 18:08
With the exception of aluminium, base metals on the London Metal Exchange staged a modest recovery at the close of trading on Thursday July 12, led by a 2.2% surge in nickel prices, while the market continues to adjust to the escalating trade rift between the US and China.
Categories: Metals Industry News

HOTTER ON METALS: Grasberg deal a win-win for all parties

Thu, 07/12/2018 - 17:00
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it’s a win-win outcome.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/07: Comex copper price rebounds after major losses in previous session

Thu, 07/12/2018 - 15:25
Comex copper prices saw a modest recovery in the US morning on Thursday July 12 after setting a fresh yearly low yesterday on news of fresh import tariffs on China.
Categories: Metals Industry News

Indonesia to buy majority Grasberg stake for $3.85bln

Thu, 07/12/2018 - 14:22
State-owned PT Indonesia Asahan Aluminium (PT Inalum) will become a 51% shareholder in Grasberg, the world’s second largest copper mine, buying shares from Rio Tinto and Freeport-McMoRan in a deal totaling $3.85 billion, Rio Tinto and Freeport-McMoRan said on Thursday July 12.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 12/07: Copper, aluminium, zinc, nickel

Thu, 07/12/2018 - 12:45
The arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday July 12*
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 12/07: Rio Tinto to sell stake in Grasberg; Afarak shareholder appeals fine

Thu, 07/12/2018 - 12:40
The latest news and price moves to start the North American day on July 12.
Categories: Metals Industry News

LME warehousing under threat after more firms exit unprofitable business

Thu, 07/12/2018 - 12:31
Two companies have exited the London Metal Exchange warehousing business in the past month while others have significantly reduced their involvement, highlighting concerns over the growing unprofitability of the sector and the lack of on-exchange stock liquidity.
Categories: Metals Industry News

Rio Tinto to sell Grasberg share to Indonesia in $3.5bln deal

Thu, 07/12/2018 - 12:15
Rio Tinto has agreed to sell its 40% interest in Grasberg, the world’s second largest copper mine, to Indonesia in a deal totaling $3.5 billion, it said on Thursday July 12.
Categories: Metals Industry News

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