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China’s scrap copper imports dropped by 11.38% on an annual basis in 2014 on tight global supply, narrowed discounts amid underperforming copper prices, and sufficient supply in concentrates.
China’s imports of steelmaking raw materials were mixed in December, with iron ore volumes hitting a new high during the month, while shipments of coking coal and ferrous scrap both fell compared with year-earlier levels.
Less lead will be available in the spot market in 2015, as producers have sold more on long-term contracts and battery scrap tightness continues to threaten secondary supply, sources told Metal Bulletin.
As some market participants express wariness over certain points of the London Metal Exchange’s new consultation on warehousing, Metal Bulletin looks at the specifics of some contentious areas.
[UPDATE] Due to a technical error, some of Metal Bulletin's prices for December 24, December 26 and December 30 had been duplicated in Price Book. This issue has now been resolved.
WEEK IN BRIEF: Copper in Shanghai; US senate hearing; recycled aluminium; boost for Chinese ferro-chrome
It was another busy week in Metal Bulletin’s offices across the globe, as conferences got under way in Shanghai and Berlin, while a senate hearing in the USA brought banks in commodities back into the spotlight.
NEW WEBSITE FEATURE: Premium subscribers can now get MB Company Data
Metal Bulletin is pleased to announce the latest addition to our ever-expanding portfolio, MB Company Data.
ASIAN MORNING BRIEF: Key news and price moves on Tuesday November 11
Key news and price moves to start the day in Asia.
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