NON-FERROUS WEEK IN BRIEF: MMG concludes sale of Sepon copper mine to Chifeng Jilong; Transnet declares force majeure on iron ore, manganese shipments from Saldanha; Chinese indium, bismuth, germanium markets 'recovering' in 2018

Fastmarkets rounds up some of the key news and price moves across the global metals markets this week.

Base metals Codelco’s copper production and earnings fell in the first nine months of 2018, the Chilean state-owned copper producer said. Australian-Chinese miner MMG Ltd has completed the sale of its Sepon copper gold mine to China's Chifeng Jilong Gold Mining for $275 million, the company said. Aluminium prices should trade downward going forward once China’s demand expectations sour, Novelis’ South American chief operating officer Francisco Pires told Fastmarkets. Aurubis has resumed production at its Hamburg and Pirdrop primary copper smelting plants after both were suspended for unscheduled boiler maintenance earlier this week, the company said. Xinfa Group’s two aluminium smelters in the Chinese province of Shandong have been exempted from this year’s winter production curtailments, according to a document seen by Fastmarkets...


Ewa Manthey

November 30, 2018

18:24 GMT