February 2017

EUROPEAN MORNING BRIEF 20/02: PTFI resignation; Trump to drive US steel prices; US bulk alloy imports

Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Monday February 20.

Freeport Indonesia’s president director resigns as mining policy dispute intensifies

PT Freeport Indonesia (PTFI)’s president director Chappy Hakim has resigned, the company said on Saturday February 18, after the miner declared force majeure on copper concentrates shipments from its Grasberg mine.

LIVE FUTURES REPORT 20/02: SHFE copper continues to climb; zinc slips amid profit-taking

Copper prices on the Shanghai Futures Exchange climbed higher during Asia’s morning trading session on Monday February 20, while zinc prices fell amid profit-taking.

FOCUS: Timing is everything for copper TC/RCs as crunch point nears

The coming week will be a crunch point for copper TC/RCs, with terms set to turn on whether mine disruptions continue or solutions are found.

WEEK IN REVIEW: Supply disruptions fail to lift copper price

Correspondent Dalton Barker reviews the past week in the non-ferrous metals markets.

NON-FERROUS WEEK IN BRIEF: PT Freeport exports; copper TC/RCs; Escondida strike; cobalt prices; bauxite exports; manganese ore prices; antimony output concerns

Metal Bulletin rounds up some of the key news and price moves from another busy week in the metals markets.

LIVE FUTURES REPORT 17/02: LME base metals prices largely close lower

All base metals trading on the London Metal Exchange, with the exception of tin, ended the trading day on Friday February 17 down on the previous close after a week of choppy trading.

Freeport maintains need for investment guarantees for IPUK switch after export recommendation

Freeport-McMoRan has reaffirmed its need for guarantees over its Indonesian investments after the country’s Ministry of Energy and Mineral Resources (ESDM) recommended the company receive a permit to export copper concentrates.

Indonesian ministry recommends 1.1m tonnes Freeport Grasberg copper conc export permit

Indonesia’s Ministry of Energy and Mineral Resources has recommended that PT Freeport be given a year-long permit to export over 1.1 million tonnes of copper concentrates from the country, it said in a statement released at 17:55pm Jakarta time on Friday February 17.

LIVE FUTURES REPORT 17/02: Base metal prices on LME stay low

Base metal prices on the London Metal Exchange were trading lower in the early afternoon of Friday February 17.