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Updated: 1 hour 32 min ago

East Asian stainless steel market strengthens on rising cost

Thu, 04/12/2018 - 06:38
Import prices for stainless steel in East Asia rose over the past week with Chinese suppliers maintaining their high offers amid costlier nickel, although there was no considerable uptick in demand.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 12/04: SHFE base metals prices under pressure; uncertainty plagues US Ali market after Russia sanctions; Codelco’s ‘feng shui’ copper to ship by start of ‘19

Thu, 04/12/2018 - 05:05
Good morning from Metal Bulletin’s offices in Shanghai as we bring you the latest news and pricing stories on Thursday April 12.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/04: SHFE base metals broadly under pressure on rising geopolitical tensions

Thu, 04/12/2018 - 04:45
Base metals prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Thursday April 12, with rising geopolitical tensions subduing risk appetite in the market.
Categories: Metals Industry News

CESCO - INTERVIEW: Codelco’s ‘feng shui’ copper scheme to ship copper by start of 2019, chairman says

Wed, 04/11/2018 - 22:49
The first shipments from Codelco’s pilot scheme to produce decommoditized copper with traceability throughout the supply chain are expected at the end of the year or by the start of 2019, the chairman of the Chilean state-run copper company said.
Categories: Metals Industry News

CESCO - INTERVIEW: China scrap laws altering European copper flows, scrap RCs, Aurubis’ Schachler says

Wed, 04/11/2018 - 21:56
Chinese laws restricting the nation's copper scrap imports have already materially affected the European market, Aurubis executive board chairman Jürgen Schachler told Metal Bulletin in an interview.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/04: LME aluminium at 3-mth high; nickel finds more support

Wed, 04/11/2018 - 18:05
Aluminium continued to rally on the London Metal Exchange at the close of trading on Wednesday April 11, climbing 1.7% and recording its highest close since January 2.
Categories: Metals Industry News

EXCLUSIVE: Brazil’s aluminium industry eyes 50% increase on ingot import tax-free quota

Wed, 04/11/2018 - 18:04
Brazil’s aluminium industry will request the government to increase by 50% the volume of the import tax-free quota for ingot from July onward due to supply constraints and a modest demand recovery, Metal Bulletin understands.
Categories: Metals Industry News

CESCO - INTERVIEW: Codelco to play small role in lithium, but big believer in EVs, chairman says

Wed, 04/11/2018 - 18:00
Codelco will play a small role in the lithium market and has no plans to compete with some of the world’s giants in the field, according to the chairman of the Chilean state-run copper producer.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Zinc premiums down in Italy; lead premiums stable

Wed, 04/11/2018 - 15:54
Zinc premiums were largely stable on Tuesday April 10 with a downward adjustment in zinc premiums in Italy following arrivals from Namibia, while lead premiums were unchanged across several markets amid spot weak demand, in particular in India where stagnant industrial demand failed to boost battery consumption.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/04: Comex copper rally short-lived

Wed, 04/11/2018 - 15:30
Comex copper prices failed to maintain momentum on Wednesday April 11 morning in the US, with the recent gains prompting a round of technical selling amid continued global unrest.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 11/04: Antofagasta interviews; global stainless outlook; Dillinger expects lower 2018 output

Wed, 04/11/2018 - 13:30
The latest metal markets news and price moves to start the North American day on Wednesday April 11.
Categories: Metals Industry News

CESCO: Codelco sees five more years of copper concentrate tightness; questions annual benchmark system

Wed, 04/11/2018 - 13:10
Supply of copper concentrate will remain tight for another five years due to a lack of new mining projects and excess smelting capacities, Codelco’s new commercial vice president, Roberto Ecclefield, said.
Categories: Metals Industry News

CESCO - INTERVIEW: Antofagasta evaluating growth options at Centinela, CEO says

Wed, 04/11/2018 - 13:09
Copper miner Antofagasta is evaluating two options for expansion of its Centinela copper operations in Chile, and will approve one by the end of the year, the company’s chief executive officer told Metal Bulletin.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premiums rise at start of peak demand season; Europe, US premiums steady

Wed, 04/11/2018 - 13:06
Copper premiums rose in Shanghai in the second week of April, a crucial month for the copper industry when consumers emerge from the winter doldrums and seasonal demand typically leads to peak consumption; the week coincides with Cesco Week in Chile, with the broader focus at this annual conference.
Categories: Metals Industry News

GLOBAL STAINLESS OUTLOOK: Asian Q2 outlook bearish; Section 232 to support US prices

Wed, 04/11/2018 - 12:44
Stainless steel prices in Asia are likely to remain bearish on expectations of continued low demand in the second quarter of the year, while prices in North America are likely to be supported by the Section 232 import tariffs in the United States.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Nickel premiums stable; Shanghai holds at 8-month low

Wed, 04/11/2018 - 12:28
Nickel premiums were unchanged across all locations on Tuesday April 10, with Shanghai full plate premiums stabilizing at an eight-month low after three straight weeks of declines.
Categories: Metals Industry News

GLOBAL NICKEL WRAP 11/04: Nickel premiums stable; Shanghai holds at 8-month low

Wed, 04/11/2018 - 12:28
Nickel premiums were unchanged across all locations on Tuesday April 10, with Shanghai full plate premiums stabilizing at an eight-month low after three straight weeks of declines.
Categories: Metals Industry News

CESCO - INTERVIEW: Demand for EVs will soar on price parity, Antofagasta CEO says

Wed, 04/11/2018 - 12:17
Demand for electric vehicles (EVs) will expand significantly once their cost to the consumer falls to parity with diesel-powered cars, the chief executive officer of Chilean copper producer Antofagasta said.
Categories: Metals Industry News

CESCO - INTERVIEW: Copper labor talks will follow separate paths, Antofagasta CEO says

Wed, 04/11/2018 - 12:00
Labor negotiations at some of copper’s key mines this year will not necessarily follow similar paths in terms of contract settlements, Iván Arriagada, chief executive officer of mining company Antofagasta, said.
Categories: Metals Industry News

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