NON-FERROUS WEEK IN BRIEF: Glencore banked $2 bln profits in 2017; Wieland Group to acquire Aurubis’ rolled-products division; Section 232 could reorganize world supply chains

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.

Base Metals Glencore metal traders banked a record $2 billion in profits in 2017 - a year where traded volume of copper, zinc and ferro-alloys grew substantially. Wieland Group will strengthen its position as Europe’s largest semi-finished copper products producer by acquiring Aurubis’ rolled-products division later this year, yet the deal is intended to kickstart growth in the US and Asian markets, chief executive officer Erwin Mayr told Metal Bulletin. The proposed Section 232 investigation remedies by the United States Commerce Department are becoming apparent in the global market, with the common theme a reorganization of the world’s supply chains to remove the US from the...


Justin Yang

February 23, 2018

18:15 GMT