Base metal prices on the Shanghai Futures Exchange diverged during Asian morning trading on Friday, with zinc prices spooked by the overnight weakness on the London Metal Exchange.
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|LME snapshot at 03.48 am London time
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US non-ferrous scrap exports to China have been brought to a screeching halt
|SHFE snapshot at 10.47 am Shanghai time
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||Price (yuan per tonne)
||Change since previous session's close (yuan)
on news that the Chinese government has implemented a 30-day suspension on its North America customs inspections division.
The global copper market could be in for a turbulent second half of the year
due to continued uncertainty surrounding a potential trade war between the United States and China, according to INTL FCStone analyst Edward Meir.
South Africa and New Zealand’s non-exemption from the United States’ Section 232 import tariffs is likely to have limited impact on Asian aluminium supply
, and hence premiums, market participants told Metal Bulletin.
Tesla is cutting its reliance on cobalt in its electric vehicle (EV) batteries
while raising nickel content in order to increase the energy density of the units.
Nyrstar’s earnings before interest, taxes, depreciation, and amortization (Ebitda) for the first quarter of 2018 fell by €3 million ($3.6 billion) or 5.5% year on year to €54 million
, the company said on Thursday.