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Base metals prices slid lower in Wednesday’s official trading on the London Metal Exchange as many market participants played down the significance of China’s 500 billion yuan liquidity boost for its top five banks.
Trafigura India’s online refined metal store Lykos has exceeded its launch targets and the company will be expanding its operations, Trafigura India ceo Raoul Bajaj told Metal Bulletin in an interview.
The Philippines mining industry is a decade away from being ready to accept a ban on minerals ores, according to an official at the Philippines Mining Development Corp (PMDC).
London Metal Exchange copper prices fell during Asian morning trading on Wednesday September 17 on profit-taking and dampened sentiment following German’s bearish ZEW economic reading.
Hello and good morning from Metal Bulletin’s London office, keeping you up to date with the latest news and price moves.
ANALYSIS: Metal industry hopes new team in Europe will act as one
The European non-ferrous metals industry has welcomed the composition and the general policy thrust of the new European Commission team unveiled by incoming president Jean-Claude Juncker on Wednesday. But it believes that the new team could face difficulties in confirmation hearings.
WEEK AHEAD: What to look out for from September 8
What are the key issues in metal markets for the week starting September 8? Metal Bulletin’s news team considers what will be important in the next few days.
LORD COPPER: LME at liberty to rethink its approach to warehouse queues
The US court decision granting the LME immunity from anti-trust suits suggests the rent-capping or banning route to clearing warehouse queues could be put back on the agenda.
Will Trafigura buy a bigger stake in Emed?
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