July 2017

LIVE FUTURES REPORT 20/07: LME base metals prices end day weaker, lack direction

Base metals on the London Metal Exchange were generally weaker at the close of trading on Thursday July 20 despite further dollar weakness.

Vale reports lower copper production in Q2; cuts 2017 guidance

Vale reported a 4.6% year-on-year decline in its copper production in the second quarter of 2017, mostly because volumes from its Sudbury mine in Canada were lower.

LIVE FUTURES REPORT 20/07: Comex copper prices steady in directionless trading

Comex copper prices experienced minor adjustments in the morning of Thursday July 20 in the USA, with investors maintaining the latest rally amid further dollar weakness.

Taseko restarts Gibraltar copper, molybdenum mine after wildfires

Mining and milling at Taseko's Gibraltar mine have started again following a four-day idling due to restricted site access caused by wildfires in the Cariboo region of British Columbia.

Anglo’s Q2 copper production down 2% on El Soldado stoppage

Anglo American’s second-quarter copper production was 2% lower year-on-year because of an operation suspension at El Soldado mine, while higher production at Los Bronces partially offset the loss.

Minmetals, China Gold deny talks of merger

China Minmetals Group and China National Gold Group have denied rumours of a merger that circulated earlier this week in statements to the Shanghai Stock Exchange on Wednesday July 19.

LIVE FUTURES REPORT 20/07: LME base metals little changed; tin continues to rise

Base metals prices on the London Metal Exchange were little changed this morning, Thursday July 20, with the complex awaiting new direction.

Elval, Halcor to merge to form stronger export-focused entity

Halcor Metal Works SA and Elval Hellenic Aluminium Industry SA will merge by absorption of the latter by the former, according to Belgium-based parent holding company Viohalco.

SHFE vs LME physical arbitrage 20/07: Copper, aluminum, zinc, nickel

Arbitrage for copper, aluminum, zinc and nickel imported into China on Thursday July 20*

METALS MORNING VIEW 20/07: Metals prices consolidate, waiting for direction

Base metals prices on the London Metal Exchange are up by an average of 0.4% this morning, Thursday July 20, with gains fairly tightly bunched between 0.2% for zinc and tin and 0.7% for lead. Three-month copper prices are up 0.3% at $5,983 per tonne – volume has been below average at 4,300 lots as of 06:09 BST.