NON-FERROUS WEEK IN BRIEF: NFEx; CCI ali stockpile; China’s Hsiwkangshan Twinkling Star; mining shares weaken

Metal Bulletin rounds up some of the key news and price moves from the past week in the metals markets.

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...

Published

Ewa Manthey

June 16, 2017

17:05 GMT

London