NON-FERROUS WEEK IN BRIEF: Recylex addresses production woes at Weser Metall; Shanghai copper premiums fall to more than 1-yr low; Vale invests $500m in VNC nickel operation; Wealth Minerals plans copper project acquisition; cobalt monthly review

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

Base metals European lead producer Recylex has opened talks with the debtors of its Weser Metall division after leveraged investments at the smelter there failed to result in expected production gains. Refining charges (RC) for blister copper imported into China dropped for the fifth consecutive month amid uncertainty over overseas supply and lower spot interest during annual negotiations. A major aluminium supplier has concluded a deal with a Japanese buyer to supply primary metal for January-March delivery to main Japanese ports (MJP) at a premium of $85 per tonne cif over the London Metal Exchange cash price, market sources told Fastmarkets. Shanghai copper premiums fell to their lowest in more...


Hassan Butt

December 07, 2018

17:36 GMT