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Updated: 1 hour 34 min ago

SHFE STOCKS REPORT 13/04: Copper inventories fall 8%, aluminium continues to climb

Fri, 04/13/2018 - 09:46
Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses have fallen by 8.4% or 25,809 tonnes since Wednesday April 4 to stand at 280,836 tonnes as of April 13.
Categories: Metals Industry News

South32’s Cerro Matoso nickel output unaffected despite court notification

Fri, 04/13/2018 - 06:20
Production at South32’s Cerro Matoso ferro-nickel operations in Colombia is currently unaffected despite a recent court notification alleging health and environmental impacts, a South32 spokeswoman told Metal Bulletin.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 13/04: Nornickel ‘unlikely’ to be affected by US sanctions; Rio Tinto set to benefit from US Ali squeeze; US copper, brass scrap prices

Fri, 04/13/2018 - 05:50
Good morning from Metal Bulletin’s offices in Shangai as we bring you the latest news and pricing stories on Friday April 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/04: SHFE aluminium prices track strength seen on LME; zinc under pressure amid SRB stockpile concerns

Fri, 04/13/2018 - 05:30
Tracking the rally seen on the London Metal Exchange in the previous session, aluminium prices on the Shanghai Futures Exchange pushed higher during Asian morning trading on Friday April 13.
Categories: Metals Industry News

US sanctions unlikely to affect Nornickel despite Rusal link – sources

Fri, 04/13/2018 - 02:39
Russian nickel producer Norilsk Nickel (Nornickel), which is partly owned by UC Rusal, is unlikely to be affected by sanctions imposed by the United States and thus its production should continue to be deliverable to the London Metal Exchange, legal and trade sources said on Thursday April 12.
Categories: Metals Industry News

Alumina prices primed for multi-year highs; Rusal sanctions exacerbate Alunorte tightness

Thu, 04/12/2018 - 22:03
Bids and price indications for scarce spot alumina cargoes soared late on Thursday April 12, while buyers digested the effect of US sanctions on UC Rusal in a market that has already been tightened by the force majeure at Hydro’s Alunorte refinery in Brazil.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/04: LME Ali price hits 6-yr high; zinc dives 4.5%

Thu, 04/12/2018 - 18:10
Aluminium prices on the London Metal Exchange soared to a ten-year high on Thursday April 12, while the market continues to react to recent US sanctions against Rusal.
Categories: Metals Industry News

Rusal sanctions push European Ali premium to highest since 2015

Thu, 04/12/2018 - 17:40
The European Rotterdam duty-unpaid aluminium premium soared 8% on Thursday April 12, with liquidity returning to the market for the first time since the US Treasury sanctioned Rusal last Friday.
Categories: Metals Industry News

Moody’s, Fitch withdraw Rusal credit ratings following US sanctions

Thu, 04/12/2018 - 15:55
Moody’s Investors Service and Fitch Ratings have withdrawn all ratings of UC Rusal, the aluminium company said on Thursday April 12.
Categories: Metals Industry News

Largest Rotterdam ali delivery since 2014 ‘only the start’ of increasing stock levels, sources say

Thu, 04/12/2018 - 15:36
Market participants say they expect more deliveries of aluminium metal into London Metal Exchange warehouses over the next few days after more than 100,000 tonnes were delivered into Europe in the morning of Thursday April 12.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/04: Comex copper price rally fizzles amid fading risk appetite

Thu, 04/12/2018 - 14:42
Comex copper prices were dragged lower on Thursday April 12 by escalating geopolitical tensions and signs that the US Federal Reserve will be aggressive in normalizing interest rates, boosting the dollar.
Categories: Metals Industry News

WEB SEMINAR Q&A: What’s driving the battery raw material markets?

Thu, 04/12/2018 - 13:42
Metal Bulletin’s battery raw materials team answers some of the key questions raised during our recent web seminar, discussing electric vehicle subsidies, battery chemistries and raw material supplies.
Categories: Metals Industry News

Sterlite declares force majeure on Tuticorin copper concentrate supply contracts

Thu, 04/12/2018 - 13:40
Vedanta Resources subsidiary Sterlite Copper has declared force majeure on contracts to supply its Tuticorin smelter with copper concentrates, three separate suppliers to the plant told Metal Bulletin this week.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 12/04: Copper, aluminium, zinc, nickel

Thu, 04/12/2018 - 12:40
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 12*
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 12/04: Record LME Rotterdam aluminium delivery; Vedanta iron ore output drops; New Zealand investigates hollow steel section dumping

Thu, 04/12/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Thrusday April 12.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/04: LME Ali hit by 100k delivery into Europe; zinc price plummets

Thu, 04/12/2018 - 11:25
Aluminium prices on the London Metal Exchange dipped for the first time this week during morning trading on Thursday April 12, following a 101,725-tonne delivery into European LME-listed warehouses.
Categories: Metals Industry News

PRICING NOTICE: Amendment of arbitrage calculation for copper, aluminium, zinc, nickel

Thu, 04/12/2018 - 10:50
Metal Bulletin is to update its formula for calculating the daily copper, aluminium, zinc and nickel arbitrage between the Chinese and global metals markets.
Categories: Metals Industry News

METALS MORNING VIEW 12/04: Base metals navigating trade, geopolitical tensions

Thu, 04/12/2018 - 09:45
Base metals traded on the London Metal Exchange experienced downward pressure this morning, Thursday April 12, with the complex posting an average loss of 1.0% amid robust volumes. Zinc is down the most with a 2.3% decline, while tin (-0.1%) is the most resilient.
Categories: Metals Industry News


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