NON-FERROUS WEEK IN BRIEF: LME fee changes; Zinc leaving NOLA; Chinese magnesium plunges; Largo Resources production record

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

Metal Bulletin rounds up some of the key news and price moves from the past week in the metals market.
Base metals
The London Metal Exchange announced a series of substantial reductions in trading fees in an attempt to support its physical user-base and further encourage the use of its daily date structure. 
Chinese conglomerate HNA has tabled a cash offer to buy Singaporean warehouse operator CWT, valuing the company at over $1 billion. 
The unexpected price surge in the LME base metals, during the normally stagnant month of August, has boosted interest in the underlying traded options markets, with volatility levels and turnovers both rising significantly. 

Large volumes of zinc ingots have recently left warehouses in New Orleans for Asia as traders look to seize arbitrage opportunities, with the trend likely...

Published

Alice Mason

September 08, 2017

17:35 GMT

London