March 2017

NORTH AMERICAN MORNING BRIEF 27/03: Cobalt supplies; Zijin Mining results; bauxite and alumina web seminar

The latest metal markets news and price moves for the start of the North American day on Monday March 27.

LIVE FUTURES REPORT 27/03: Base metals lose ground on LME; copper price down as Escondida restarts

Base metals started the week on the defensive on the London Metal Exchange during patchy pre-market trading on Monday March 27, taking their cue from copper, which retreated as workers at the world’s largest copper mine, BHP Billiton’s Escondida in Chile, ended their strike on Saturday.

PRICING NOTICE: No SHFE vs LME arbitrage calculation on 27/03

Metal Bulletin’s daily base metals arbitrage cannot be calculated for Monday March 27 as the London Metal Exchange is having technical issues with its price feed following a roll out of LMEselect 9.0 at the weekend.

Scrap discounts narrow after copper prices retreat

Discounts offered on imported copper scrap have narrowed after copper prices retreated from the highs reached in mid-February, while discounts against exchange prices have also declined compared with last month, market participants told Metal Bulletin.

Zijin Mining reports 11% rise in net profit

Diversified miner Zijin Mining’s net profit rose 11% year-on-year to 1.84 billion yuan ($267.5 million) in 2016 due to strong production performance and higher commodity prices.

EUROPEAN MORNING BRIEF 27/03: CSPT Q2 price floor; zinc forecast; China Zhongwang earnings

Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Monday March 27.

LIVE FUTURES REPORT 27/03: SHFE copper prices dip as work resumes at Escondida

Base metals traded on the Shanghai Futures Exchange were all in negative territory during Asian morning trading on Monday March 27, with copper prices down by 1.6% as workers at the world’s largest copper mine, BHP Billiton’s Escondida in Chile, ended their strike on Saturday.

CSPT slashes Q2 copper concs price floor by 11% to $80/8c

Major Chinese copper smelters have set a second quarter price floor for the purchase of copper concentrate in the spot market at $80 per tonne and 8 cents per lb, Metal Bulletin has learnt.

LIVE FUTURES REPORT 24/03: LME aluminium, zinc close positively; rest of complex lower

Aluminium and zinc were the only metals to end the week in positive territory on Friday March 24 trading.

NON-FERROUS WEEK IN BRIEF: Autilla makes grab for base metals; lead cancellations; navigating the Mifid II minefield

A round-up of just some of the news covered by Metal Bulletin journalists over the past week in the non-ferrous markets.