September 2017

LIVE FUTURES REPORT 20/09: LME base metals slide at week end; nickel continues to plummet

Base metals prices on the London Metal Exchange were mostly lower at the close on Friday September 22, with only tin finishing the week in positive territory.

Votorantim Metais files for IPO to raise funds for growth projects

Brazil’s Votorantim Metais (VM Holding) has filed for an initial public offering (IPO) in New York and Toronto, as it seeks to raise additional funding to its growth projects.

LME WEEK 2017: What’s on and where?

London Metal Exchange Week, the largest annual gathering of mining and metals figures in the world, starts on October 29 this year.

LIVE FUTURES REPORT 22/09: Comex copper price extends rout into weekend

Comex copper prices are set to move into the weekend on a dour note with the red metal trading around a one-month low on Friday September 22.

INTERVIEW: LME sees new trading platforms as complementary – ceo

New trading platforms could serve a complementary function rather than a competitive role to the London Metal Exchange, ceo Matt Chamberlain said in an interview.

INTERVIEW: LME’s new membership category will help grow volumes on new products – Chamberlain

The London Metal Exchange is planning to introduce a new category of membership, the inter-dealer brokers or the introducing broker category, which will help the exchange grow its volumes in new products including ferrous markets, its ceo told Metal Bulletin in an interview.

SHFE vs LME physical arbitrage 22/09: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday September 22*

LIVE FUTURES REPORT 22/09: LME base metals prices drop; nickel plummets on weak stainless steel demand

Base metals prices on the London Metal Exchange were mostly weaker in the morning of Friday September 22, after prices slumped yesterday evening on fresh US sanctions against North Korea.

LIVE FUTURES REPORT 22/09: SHFE lead stocks drop 18.7%, copper inventories fall for fifth week

Lead inventories at Shanghai Futures Exchange-approved warehouses dropped have 3,106 tonnes or 18.7% over the past week to 13,462 tonnes as of Friday September 22, the largest decrease among the SHFE-traded base metals.

METALS MORNING VIEW 22/09: Base metals under pressure as corrections unfold

The base metals are for the most part weaker this morning, Friday September 22, the exceptions are tin that is up by 0.2% and zinc that is little changed, while the rest are down by an average of 1.1%. Losses are fairly tightly grouped with prices off between 0.9% and 1.5%. Three-month copper prices are down by 0.9% at $6,397 per tonne.