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Updated: 1 hour 33 min ago

LIVE FUTURES REPORT 16/04: Escalation in geopolitical tensions pressures SHFE base metals prices; aluminium most resilient

Mon, 04/16/2018 - 06:00
An escalation in geopolitical tensions over the weekend dampened sentiment during Asian morning trading on Monday April 16 with the base metals traded on the Shanghai Futures Exchange broadly down.
Categories: Metals Industry News

Japan spot aluminium premium jumps 11% on supply concerns

Mon, 04/16/2018 - 05:13
The spot cif main Japanese ports (MJP) aluminum premium jumped around 11% at the end of last week after market participants raised offers and price indications due to supply concerns stemming from the sanctions placed on Russian aluminium producer UC Rusal.
Categories: Metals Industry News

Brazil's bauxite ore exports down 11% in March on annual basis

Fri, 04/13/2018 - 23:59
Brazil’s bauxite ore exports fell 11.1% in March from a year earlier, on lower volumes from both Mineração Rio do Norte (MRN) and Alcoa’s Juruti mine.
Categories: Metals Industry News

RUSAL SANCTIONS ROUND-UP: Physical markets soar; LME stock games; force majeures

Fri, 04/13/2018 - 23:51
A round-up of news and price movements from one very significant week in the aluminium market.
Categories: Metals Industry News

Alumina index surges to all-time high on Rusal sanctions, force majeure

Fri, 04/13/2018 - 22:45
Alumina prices soared on Friday April 13, and Metal Bulletin’s benchmark alumina index set an all-time high, while the market reacted to the effect of sanctions on UC Rusal.
Categories: Metals Industry News

ALUMINIUM FOUNDRY ROUND-UP: Sanctions against Rusal drive up global premiums

Fri, 04/13/2018 - 22:04
Aluminium foundry alloy premiums have risen precipitously thanks to the sanctions placed on Russian oligarch Oleg Deripaska and UC Rusal by the US Department of the Treasury, barring the sale of Rusal metal in the United States.
Categories: Metals Industry News

ALUMINIUM FOUNDRY WRAP 13/04

Fri, 04/13/2018 - 21:25
A round-up of the aluminium foundry alloy premiums over the past month from around the world.
Categories: Metals Industry News

Recylex back in profit in 2017 on metal price gains, higher output

Fri, 04/13/2018 - 20:53
Lead recycler Recylex swung into profit in 2017, reporting net earnings of €18 million ($22.2 million) thanks to soaring metal prices and higher output, the company said on Friday April 13.
Categories: Metals Industry News

Rotterdam aluminium premiums hit fresh highs on renewed liquidity

Fri, 04/13/2018 - 20:32
European aluminium premiums had a record day Friday April 13, with market a return to full market liquidity one week after the United States Treasury sanctioned Russian company UC Rusal, the world’s second-biggest aluminium supplier.
Categories: Metals Industry News

NON-FERROUS WEEK IN BRIEF: Rio Tinto force majeure; manganese ore port stock activity; China minor metals overview; Norilsk Nickel’s Penny interview

Fri, 04/13/2018 - 18:30
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/04: LME Ali slows momentum amid steady complex; lead down 1.3%

Fri, 04/13/2018 - 18:20
Aluminium on the London Metal Exchange closed lower to end the week’s trading on Friday April 13, after a record-breaking week that resulted in a six-year high and 9% price increase.
Categories: Metals Industry News

Rio Tinto declares force majeure on some contracts in response to Rusal sanctions

Fri, 04/13/2018 - 17:41
Rio Tinto is declaring force majeure on some of its contracts after reviewing its arrangements with UC Rusal in light of US sanctions on the Russian aluminium producer.
Categories: Metals Industry News

PRICING NOTICE: Correction to Rotterdam duty-unpaid aluminium single number

Fri, 04/13/2018 - 17:13
Metal Bulletin has corrected its Rotterdam duty-unpaid aluminium single number.
Categories: Metals Industry News

CESCO: Enami aims to get Paipote smelter upgraded by end-2018; decision on new smelter by Sep

Fri, 04/13/2018 - 16:46
Chilean copper producer Empresa Nacional de Mineria (Enami) is focusing on getting its Paipote smelter upgraded in time to meet a new environmental regulation at the end of 2018, while a decision on a new smelter will be made by September, a company executive said on the sidelines of Cesco Week in Santiago on Thursday April 12.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/04: Comex copper price responds after two dismal sessions

Fri, 04/13/2018 - 15:20
Comex copper prices rebounded in the US morning on Friday April 13 amid growing optimism that seasonal demand trends will continue to support the red metal throughout 2018.
Categories: Metals Industry News

FORECAST: Downside pressure on SHFE zinc prices after SRB stock sale speculation

Fri, 04/13/2018 - 13:38
Shanghai Futures Exchange zinc prices could see further downside after rumors that China’s State Reserve Bureau (SRB) was about to sell 50,000-60,000 tonnes of the metal, market participants told Metal Bulletin.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 13/04: Copper, aluminium, zinc, nickel

Fri, 04/13/2018 - 12:20
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 13*
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 13/04: Fresh 108kt LME ali cancelation; Rio Tinto may benefit from US ali squeeze; Sterlite declares force majeure on Tuticorin

Fri, 04/13/2018 - 12:10
The latest metal markets news and price moves to start the North American day on Friday April 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/04: LME aluminium price rises after 100kt cancelation; nickel above $14,000/t

Fri, 04/13/2018 - 11:24
Aluminium on the London Metal Exchange continues to trade at six-year highs during morning trading on Friday April 13, following a large cancelation in Asian warehouses.
Categories: Metals Industry News

METALS MORNING VIEW 13/04: Metals prices in recovery mode while geopolitical tensions ease

Fri, 04/13/2018 - 10:12
Bargain hunting has returned to the base metals complex in the morning of Friday April 13, lifting prices on the London Metal Exchange by 0.6% on average.
Categories: Metals Industry News

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