September 2016

Rolling LME/SHFE price report 29/09: Lead surges $70 after Port Pirie shutdown

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on Thursday September 29.

Louis Dreyfus reports ‘very dynamic’ trade in metals in H1

Louis Dreyfus enjoyed “very dynamic” trading in the metals markets in the first six months of the year, with strong sales of zinc and copper concentrates, copper cathode and aluminium contributing to operating income of $195 million in the merchandising business.

NORTH AMERICAN MORNING BRIEF 29/09: Nyrstar power outage; light vehicles; tungsten prices

The latest metal markets news and price moves to start the day in North America on Thursday September 29.

Mitsubishi Materials Corp agrees purchase of Luvata’s special products business

Mitsubishi Materials Corp has agreed to buy the special products division of UK-based Luvata in a move to establish a global presence in the downstream copper industry, the company said on Wednesday September 28.

IN DEPTH: Bankruptcy of Guangxi Nonferrous seen as individual case, rather than first of many

The bankruptcy of Guangxi Nonferrous Metals, an important base and minor metals producer in China, has cast a shadow over the industry – but is optimistically being seen as an individual case in a downfall of its own making.

BHP suspends Olympic Dam copper mine output after power outage

BHP Billiton has suspended production at its Olympic Dam copper-gold mine following a massive power blackout in South Australia, a company spokesman confirmed with Metal Bulletin sister publication FastMarkets.

SHFE vs LME physical arbitrage 29/09: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday September 29*

CSPT sets Q4 copper concs price floor at $105/10.5 cents

The China Smelters Purchase Team (CSPT) set its price floor for the fourth quarter of 2016 at $105 per tonne and 10.5 cents per lb, compared with $103 per tonne and 10.3 cents per lb in the third quarter, sources told Metal Bulletin.

OZ Minerals shuts down production at Prominent Hill due to storm

OZ Minerals said production at its Prominent Hill copper and gold mine has been suspended due to electricity supply disruptions following severe storms that continued in South Australia on Thursday September 29.

MB INTL ALUMINIUM CONF: Falling trading volumes down to ‘broad set of factors’ – LME’s Chamberlain

The cost of trading on the London Metal Exchange is not the sole reason why volumes have fallen, a senior executive at the exchange said at Metal Bulletin’s 31st International Aluminium conference on Wednesday September 28.