October 2016

Rolling LME/SHFE price report 27/10: Copper, aluminium prices at two-week highs

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on Thursday October 27.

Vale not considering sale of interest in Salobo copper mine, ceo says

Brazilian diversified miner Vale has never considered selling a stake in its Salobo copper mine, despite high market interest in the asset and the company’s focus in divesting to reduce debt levels, its ceo said on Thursday October 27.

KGHM's purchase of Sierra Gorda a 'big mistake' but no plans to sell it yet – ceo

KGHM's purchase of the Sierra Gorda mine in Chile was a mistake but the Polish miner has no plans to sell the asset, its ceo told Metal Bulletin in an interview ahead of LME Week here in London.

LME WEEK 2016: History of the LME – teething problems mar move to new HQ

The London Metal Exchange, the world’s largest non-ferrous metals market, marked its 139th year of existence by moving to a new headquarters in February, although the relocation did not take place without a major hiccup in the summer.

Vale's earnings up 61% in Q3 on ferrous, base metals divisions

Vale’s earnings increased by 61% year-on-year in the third quarter of 2016, the Brazilian miner said on Thursday October 27.

LME Week 2016: Membership – getting lonely on floor but others coming on board

The London Metal Exchange moved to new premises earlier this year, cutting the ribbon on its fourth bespoke trading floor. But with ring-dealing member (RDM) numbers unchanged at nine from this time last year, the new mini-sized ring represents something of a downsize.

Earnings at Vale’s base metals see strong growth in Q3

Vale posted a three-fold increase in base metals earnings in the third quarter year-on-year, boosted by higher sales and the one-off positive effect of a gold stream transaction, the Brazilian diversified miner said on Thursday October 27.

NORTH AMERICAN MORNING BRIEF 27/10: Codelco cathode premiums; tungsten stockpiling; M&A activity

The latest news and prices from the metal markets to start the day in North America on Thursday October 27.

SHFE vs LME physical arbitrage 27/10: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday October 27*

Global metals M&A activity down but deal size up in Q3 – PwC

While global merger and acquisition (M&A) activity in the metals industry continues to fall, the average deal size appears to be increasing, according to a report by consultancy PwC.