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CESCO - INTERVIEW: Trade war effect on copper 'limited,' - Antofagasta CEO

Wed, 04/11/2018 - 12:00
A trade war between the United States and China is unlikely to affect copper unless there is a knock-on effect on economic growth, according to Iván Arriagada, chief executive officer of Chilean copper producer Antofagasta.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 11/04: Copper, aluminium, zinc, nickel

Wed, 04/11/2018 - 11:55
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 11*
Categories: Metals Industry News

LIVE FUTURES REPORT 11/04: LME aluminium price continues strength; copper, nickel edge higher

Wed, 04/11/2018 - 11:18
Base metals prices on the London Metal Exchange continued to rise during morning trading on Wednesday April 11, with aluminium’s momentum continuing to eclipse the rest of the complex.
Categories: Metals Industry News

METALS MORNING VIEW 11/04: Base metals prices consolidate, await further clarity

Wed, 04/11/2018 - 09:28
Base metals prices on the London Metal Exchange are consolidating this morning, Wednesday April 11, following a strong recovery in the previous session.
Categories: Metals Industry News

South Korea’s PPS aluminium tender premiums reach as high as $125 per tonne

Wed, 04/11/2018 - 08:45
South Korea’s Public Procurement Service (PPS) has awarded two 2,000-tonne aluminium tenders at premiums as high as $125 per tonne, according to the state agency’s notices on Tuesday April 10.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 11/04: Rusal sanction boosts US Ali premium; US Ali scrap markets in state of flux; Vedanta's application to restart Tuticorin smelter rejected

Wed, 04/11/2018 - 06:15
Good morning from Metal Bulletin’s offices in Shanghai as we bring you the latest news and pricing stories on Wednesday April 11.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/04: Disappointing China data weighs on SHFE base metals prices

Wed, 04/11/2018 - 06:05
Copper prices on the Shanghai Futures Exchange edged up during Asian morning trading on Wednesday April 11, with the red metal continuing to benefit from an easing in global trade tensions. But the release of disappointing Chinese data earlier this morning has dampened sentiment slightly, putting a cap on copper’s gains and pushing some of the other metals downward.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Rusal sanction pushes US Midwest aluminium premium to near-record; Brazil premiums highest since 2015

Wed, 04/11/2018 - 02:30
The US Midwest aluminium premium surged by 20% after the United States Treasury imposed sanctions on Russian oligarch Oleg Deripaska and aluminium producer UC Rusal. The Asian and European markets remained mostly firm while market participants assessed the effects of the sanctions on the physical markets.
Categories: Metals Industry News

Brazil’s aluminium premiums poised to rise on Albras’ production cut, soaring US Midwest premium

Tue, 04/10/2018 - 23:26
Brazil’s aluminium premiums have returned to 2015 levels and are expected to rise further in the short term due to supply disruption in the country and soaring US Midwest premiums.
Categories: Metals Industry News

Vedanta's application to restart Tuticorin copper smelter rejected

Tue, 04/10/2018 - 23:10
Vedanta Resources' planned restart of its Tuticorin copper smelter in Tamil Nadu, India, will be delayed after its application to do so was rejected by state environmental officials.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 10/04

Tue, 04/10/2018 - 21:32
A summary of base metals premiums from across the globe for the week to Tuesday April 10.
Categories: Metals Industry News

Vale 'enthusiastic' about Chinese economy, Carajás iron ore demand

Tue, 04/10/2018 - 20:04
Brazilian miner Vale is “enthusiastic” about China’s economic prospects, which will result in increasing demand for its high-grade Carajás iron ore, chief executive officer Fabio Schvartsman has said.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/04: LME aluminium breaks record trading volume; nickel gains momentum

Tue, 04/10/2018 - 18:25
Base metals prices on the London Metal Exchange continued to climb at the close of trading on Tuesday April 10, while aluminium volumes surpassed 37,000 lots traded.
Categories: Metals Industry News

LME suspends putting Rusal metal on-warrant

Tue, 04/10/2018 - 17:42
The London Metal Exchange has introduced a "temporary conditional suspension" on placing Rusal metal on-warrant, effective from April 17, it said on Tuesday April 10.
Categories: Metals Industry News

CESCO: Codelco to maintain copper production in 2018, sell more to Europe

Tue, 04/10/2018 - 16:37
Chilean state-owned miner Codelco will maintain its copper output at stable levels this year before a small increase in 2019 and small declines the following two years, new commercial vice president Roberto Ecclefield said.
Categories: Metals Industry News

Alumina index hits $470/t while Alunorte force majeure, tightness drag on

Tue, 04/10/2018 - 16:10
Alumina prices have continued to accelerate so far this week, underpinned by tightness caused by disrupted production at Hydro’s Alunorte alumina refinery.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/04: Comex copper price hits three-week high

Tue, 04/10/2018 - 15:49
Comex copper prices surged to close to a one-month high in the US morning on Tuesday April 10, with the dollar retreating and the complex becoming more optimistic due to fundamental demand trends.
Categories: Metals Industry News

Albras to cut aluminium production by 50% after Alunorte restriction

Tue, 04/10/2018 - 15:02
Albras Aluminio Brasileiro, Brazil’s second-largest aluminium producer, announced a reduction of 50% in its production on Tuesday April 10, to only 230,000 tonnes per year of primary aluminium.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 10/04: Ali rally, premium outlook; Young Poong zinc shutdown

Tue, 04/10/2018 - 13:00
The latest metal markets news and price moves for the start of the North American day on Tuesday April 10.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 10/04: Copper, aluminium, zinc, nickel

Tue, 04/10/2018 - 12:36
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday April 10*
Categories: Metals Industry News

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