Base metalshttp://www.metalbulletin.com/RSS.aspx?FeedID=1834©2019 MB60Base metalsLIVE FUTURES REPORT 18/03: LME aluminium climbs 1.2% on fresh cancelation, nickel price finds support above $13,000/tAluminium on the London Metal Exchange was higher at the close of trading on Monday March 18, having peaked at its highest since February 6.http://www.metalbulletin.com/Article/3864662/LIVE-FUTURES-REPORT-1803-LME-aluminium-climbs-12-on-fresh-cancelation-nickel-price-finds-support.htmlMon, 18 Mar 2019 18:08:00 GMTCopper concentrate TC/RCs nosedive in March as smelters tap spot market for tonnages Treatment and refining charges (TC/RCs) for spot copper concentrates dropped sharply in early March with Chinese smelters entering the market in earnest for units, while a lack of supply from blockaded Las Bambas mine has also prompted spot buying. http://www.metalbulletin.com/Article/3864620/Copper-concentrate-TCRCs-nosedive-in-March-as-smelters-tap-spot-market-for-tonnages.htmlMon, 18 Mar 2019 17:30:00 GMTFOCUS: Ways to manage trade under Section 232Revenue garnered from the United States' Section 232 tariffs - in place for almost a year - stood at $4.3 billion for steel and $1.4 billion for aluminium as of Thursday February 21, 2019, according to data from US Customs and Border Protection.http://www.metalbulletin.com/Article/3864657/FOCUS-Ways-to-manage-trade-under-Section-232.htmlMon, 18 Mar 2019 17:25:00 GMTLIVE FUTURES REPORT 18/03: Comex copper price inches higher to open week The Comex copper price ticked higher in morning trading on Monday March 18 with markets awaiting a resolution to the US-China trade negotiations that have dictated investor sentiment for months. http://www.metalbulletin.com/Article/3864558/LIVE-FUTURES-REPORT-1803-Comex-copper-price-inches-higher-to-open-week.htmlMon, 18 Mar 2019 14:57:00 GMTMarket eyes potential Brazilian bauxite supply disruption on upstream tailings ban resolution Growing fears of a bauxite supply disruption are putting alumina traders on alert for a potential price increase, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3864546/Market-eyes-potential-Brazilian-bauxite-supply-disruption-on-upstream-tailings-ban-resolution.htmlMon, 18 Mar 2019 12:38:00 GMTFOCUS: Zambian copper industry warns new tax regime will hit investment, jobs in Africa’s major producing country In less than two weeks, the Zambian government is set to introduce a new series of tax measures: rocketing tax rates have prompted some copper producers to shut down their operations, while others have cut production and costs to keep their businesses running in the world’s sixth largest copper producing country. http://www.metalbulletin.com/Article/3864532/FOCUS-Zambian-copper-industry-warns-new-tax-regime-will-hit-investment-jobs-in-Africas-major.htmlMon, 18 Mar 2019 12:12:00 GMTPEOPLE MOVES: Aasheim appointed new Hydro CEO after Brandtzæg steps downHilde Merete Aasheim has been appointed new president and chief executive officer of aluminium producer Norsk Hydro, effective May 8.http://www.metalbulletin.com/Article/3864543/PEOPLE-MOVES-Aasheim-appointed-new-Hydro-CEO-after-Brandtzg-steps-down.htmlMon, 18 Mar 2019 11:40:00 GMTLIVE FUTURES REPORT 18/03: LME copper price shrugs off 25kt rewarranting; nickel holds below $13,000/t Copper’s three-month price on the London Metal Exchange consolidated during morning trading on Monday March 18, remaining below its nearby $6,500 per tonne resistance level, with a fresh rewarranting of just below 25,000 tonnes failing to provide a major headwind to price action. http://www.metalbulletin.com/Article/3864536/LIVE-FUTURES-REPORT-1803-LME-copper-price-shrugs-off-25kt-rewarranting-nickel-holds-below-13000t.htmlMon, 18 Mar 2019 10:45:00 GMTSHFE vs LME physical arbitrage 18/03: Copper, aluminium, zinc, nickelArbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 18* http://www.metalbulletin.com/Article/3864535/SHFE-vs-LME-physical-arbitrage-1803-Copper-aluminium-zinc-nickel.htmlMon, 18 Mar 2019 10:24:00 GMTMETALS MORNING VIEW 18/03: Metals prices consolidate, waiting for fresh directionThree-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday March 18, the exception being copper, whose price was up by 0.7% at $6,474 per tonne, compared with $6,431.50 per tonne at Friday’s close.http://www.metalbulletin.com/Article/3864530/METALS-MORNING-VIEW-1803-Metals-prices-consolidate-waiting-for-fresh-direction.htmlMon, 18 Mar 2019 09:21:00 GMTLIVE FUTURES REPORT 18/03: SHFE base metals prices broadly lower; copper bucks the trendBase metals prices on the Shanghai Futures Exchange were mostly lower during the morning trading session on Monday March 18 despite a weak US dollar, amid poor market sentiment and the news that China will cut its value-added tax (VAT) rate for the manufacturing and other sectors from April 1.http://www.metalbulletin.com/Article/3864522/LIVE-FUTURES-REPORT-1803-SHFE-base-metals-prices-broadly-lower-copper-bucks-the-trend.htmlMon, 18 Mar 2019 04:49:00 GMTAntam’s profits, nickel ore output surge in 2018PT Aneka Tambang (Antam) recorded a net profit of 874.4 billion rupiah ($61.3 million) in the year ended December 31, 2018, marking a more-than-fivefold increase from the 136.5 billion rupiah recorded in the preceding year, the Indonesian state-owned miner announced on Monday March 11.http://www.metalbulletin.com/Article/3864257/Antams-profits-nickel-ore-output-surge-in-2018.htmlMon, 18 Mar 2019 04:00:00 GMTRecord-low warehouse stocks to support copper prices - Fitch Solutions saysFitch Solutions has predicted that copper prices will rise to an average $6,900 per tonne in 2019 before reaching $7,100 per tonne in 2020, with tight fundamentals and record-low warehousing stocks underpinning the market.http://www.metalbulletin.com/Article/3864495/Record-low-warehouse-stocks-to-support-copper-prices-Fitch-Solutions-says.htmlFri, 15 Mar 2019 22:24:00 GMTALUMINIUM BILLET WRAP 15/03: European premiums continue to plummet; US upcharge dipsAluminium billet premiums in Europe and the United States moved lower on Friday March 15 due to continued weak demand, and the market remained quiet elsewhere.http://www.metalbulletin.com/Article/3864454/ALUMINIUM-BILLET-WRAP-1503-European-premiums-continue-to-plummet-US-upcharge-dips.htmlFri, 15 Mar 2019 21:39:00 GMTLIVE FUTURES REPORT 15/03: LME-traded Cu ignores narrowing nearby spread contango, Asia influx to continue uptrendCopper continues to capitalize on the narrowing $0.75 per tonne cash-to-March spread contango, while the three-month contract rises to $6,430 per tonne, up $26 per tonne from the $6,404-per-tonne close on March 14. http://www.metalbulletin.com/Article/3864465/LIVE-FUTURES-REPORT-1503-LME-traded-Cu-ignores-narrowing-nearby-spread-contango-Asia-influx-to.htmlFri, 15 Mar 2019 17:50:00 GMTBATTERY RAW MATERIALS MARKET REPORT 15/03: Seaborne lithium carbonate market moves down on weak buying interestAn overview of the battery raw materials markets and their price moves from the past week.http://www.metalbulletin.com/Article/3864445/BATTERY-RAW-MATERIALS-MARKET-REPORT-1503-Seaborne-lithium-carbonate-market-moves-down-on-weak-buying.htmlFri, 15 Mar 2019 17:15:00 GMTLIVE FUTURES REPORT 15/03: Comex copper price recovers in final sessionThe copper market in the United States bounced back in trading on the morning of Friday March 15, with a softer dollar and positive data boosting the marketplace. http://www.metalbulletin.com/Article/3864350/LIVE-FUTURES-REPORT-1503-Comex-copper-price-recovers-in-final-session.htmlFri, 15 Mar 2019 14:50:00 GMTSHFE STOCKS REPORT 15/03: Base metals stocks broadly higher bar Al, SnBase metal stocks at Shanghai Futures Exchange-approved warehouses were mostly up week on week on Friday March 15, with nickel stocks registering a 13.3% gain.http://www.metalbulletin.com/Article/3864266/SHFE-STOCKS-REPORT-1503-Base-metals-stocks-broadly-higher-bar-Al-Sn.htmlFri, 15 Mar 2019 11:25:00 GMTLIVE FUTURES REPORT 15/03: LME Cu trades up despite Asia inflows; nearby spread contango supportsIn a reversal of its closing fortunes on March 14, the London Metal Exchange’s three-month copper contract increased to $6,415 per tonne during morning trading on March 15, up by $11 per tonne from the $6,404-per-tonne close the previous day.http://www.metalbulletin.com/Article/3864272/LIVE-FUTURES-REPORT-1503-LME-Cu-trades-up-despite-Asia-inflows-nearby-spread-contango-supports.htmlFri, 15 Mar 2019 11:05:00 GMTSHFE vs LME physical arbitrage 15/03: Copper, aluminium, zinc, nickelArbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 15*http://www.metalbulletin.com/Article/3864268/SHFE-vs-LME-physical-arbitrage-1503-Copper-aluminium-zinc-nickel.htmlFri, 15 Mar 2019 09:52:00 GMTCHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: Export, domestic prices soar amid scrap tightnessKey data from the Wednesday March 13 pricing session in Asia.http://www.metalbulletin.com/Article/3864262/CHINA-ALUMINIUM-INGOT-ADC-12-SNAPSHOT-Export-domestic-prices-soar-amid-scrap-tightness.htmlFri, 15 Mar 2019 09:51:00 GMTMETALS MORNING VIEW 15/03: Metals prices mixed; focus on copper stocks Three-month base metals prices on the London Metal Exchange were mixed this morning, Friday March 15, with copper, aluminium and nickel up by an average of 0.6%, while zinc, lead and tin were down by an average of 0.6%. http://www.metalbulletin.com/Article/3864264/METALS-MORNING-VIEW-1503-Metals-prices-mixed-focus-on-copper-stocks.htmlFri, 15 Mar 2019 09:46:00 GMTNyrstar says restructuring to bring ‘very substantial’ shareholder dilution, defers interest paymentNyrstar NV shares were down by 12% on the morning of Friday March 15 after the company indicated that its continuing capital restructure will involve a debt-for-equity swap to bondholders.http://www.metalbulletin.com/Article/3864265/Nyrstar-says-restructuring-to-bring-very-substantial-shareholder-dilution-defers-interest-payment.htmlFri, 15 Mar 2019 09:11:00 GMTLIVE FUTURES REPORT 15/03: SHFE base metals prices broadly down; China to implement VAT cut on April 1Base metals prices on the Shanghai Futures Exchange were mostly down during the morning trading session on Friday March 15, with the complex reacting to news that China will cut its value-added tax (VAT) rate for manufacturing and other sectors on April 1.http://www.metalbulletin.com/Article/3864256/LIVE-FUTURES-REPORT-1503-SHFE-base-metals-prices-broadly-down-China-to-implement-VAT-cut-on-April-1.htmlFri, 15 Mar 2019 05:00:00 GMTHOTTER ON METALS: LILO dispute highlights flaw in LME warehouse rulesWhen the London Metal Exchange amended its policies related to its physical delivery network a few years ago, it overlooked one key thing. http://www.metalbulletin.com/Article/3864250/HOTTER-ON-METALS-LILO-dispute-highlights-flaw-in-LME-warehouse-rules.htmlFri, 15 Mar 2019 01:28:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 14Here are five Fastmarkets MB stories you might have missed on Thursday March 14 that are worth another look.http://www.metalbulletin.com/Article/3864245/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-14.htmlFri, 15 Mar 2019 00:05:00 GMTINTL COPPER CONF: Metals funds raise bets on spreads as price volatility wanesMetal trading funds and the metal commodities industry in general are increasingly focused on trading copper spreads and staying away from bets on outright price, panelists at the International Copper Conference said on Wednesday March 13. http://www.metalbulletin.com/Article/3864239/INTL-COPPER-CONF-Metals-funds-raise-bets-on-spreads-as-price-volatility-wanes.htmlThu, 14 Mar 2019 20:20:00 GMTCopper spread backwardation narrows after 35,000-tonne Rotterdam deliveryPrice-spread backwardations for copper on the London Metal Exchange, with nearby dates, have reduced after 34,950 tonnes of material were delivered into the exchange’s warehouses on Thursday March 14, doubling the on-warrant inventory. http://www.metalbulletin.com/Article/3864230/Copper-spread-backwardation-narrows-after-35000-tonne-Rotterdam-delivery.htmlThu, 14 Mar 2019 18:54:00 GMTLIVE FUTURES REPORT 14/03: Nickel down 2%; copper lower on major Rotterdam inflowThe prices for nickel and copper were the poorest performers in trading on the London Metal Exchange on Thursday March 14, Fastmarkets has heard. http://www.metalbulletin.com/Article/3864231/LIVE-FUTURES-REPORT-1403-Nickel-down-2-copper-lower-on-major-Rotterdam-inflow.htmlThu, 14 Mar 2019 18:28:00 GMTAbramovich’s 2.5% Nornickel acquisition could depreciate on declining LME nickel price - BCS GMBCS Global Markets, one of Russia’s largest securities brokers, believes that Russian oligarch Roman Abramovich’s newly-acquired shareholding in Russia’s largest miner Nornickel may lose value.http://www.metalbulletin.com/Article/3864052/Abramovichs-25-Nornickel-acquisition-could-depreciate-on-declining-LME-nickel-price-BCS-GM.htmlThu, 14 Mar 2019 18:25:00 GMT