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UK secondary aluminium producers may find themselves having to accept cheaper prices when they negotiate their second-quarter supply deals after the euro continued to weaken against the sterling since the start of the year.
EU secondary aluminium ingot prices rose on supply tightness on Friday February 13, with some consumers trying to book material further ahead than usual to beat the scarcity.
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.
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.
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.
HOTTER ON METALS: Fix, sell or close: Alcoa reshapes
When Alcoa started describing itself as a lightweight materials company earlier this year, some people were puzzled.
Where will European duty-paid aluminium premiums be at the start of the second quarter?
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