Copying and distributing are prohibited without permission of the publisher
WEEK-IN-BRIEF: China's metal funds; Shanxi Coal exposed to Qingdao company; Qatalum's primary focus; death of senior Chinese copper exec
June 27, 2014 - 15:58 GMT
What metal stories and price moves have been on the agenda? Metal Bulletin editor Alex Harrison reviews the week
— Michael Overlander (@Moverlander)
June 23, 2014 " target="_blank">asked how business on
the floor can be developed.
Aluminium prices on the LME broke through $1,900 per tonne —
and then moved down again.
The ceo of a large smelter in the Gulf told Metal
Bulletin’s Jethro Wookey that his company’s focus would remain on
He was talking at about the same time that Alcoa spent $2.85 billion to buy a downstream
company in the aerospace sector.
Third-quarter aluminium premiums in Japan have now been settled
at levels between $400 and $405 per tonne cif, well up on the
levels of the second quarter. Check out the recent spot premium
levels in Japan here.
Ferro-molybdenum prices in Europe slid lower through the week on trader
liquidation, while molybdic oxide in China was also under pressure.
A prospector in Australia has switched from gold to zinc.
Glencore appointed senior Sherritt executive Patrice Merrin as a non-exec.
Jianhong Wei, the chairman and ceo of Tongling Nonferrous, one
of China’s largest copper smelters, died in a fall from a building, believed
to have been a suicide.
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.