Base metals The New York Mercantile Exchange (Nymex) and
Commodity Exchange (Comex) are set to expand the locations for
the storage of zinc delivered against its zinc futures contract
to Europe and Asia, CME Group announced on Thursday June 15.
Canadian mining company Capstone Mining has agreed to
sell its Kutcho copper-zinc project to Desert Star in a
cash-plus-equity deal, the company said. The Non-Ferrous
Exchange (NFEx) is looking into the prospect of using London
Metal Exchange prices to settle its trades, but could face a
battle to do so, Metal Bulletin understands.
Brazil’s aluminium industry has sent a proposal to
the country’s government asking for the renewal of
the existing quota of import tax-free aluminium ingot, Metal
Bulletin understands. In the USA, Castleton Commodities
International’s (CCI’s) stockpile of
aluminium in Braithwaite, on the outskirts of New Orleans, has
grown north of 300,000...