Base metalshttp://www.metalbulletin.com/RSS.aspx?FeedID=1834©2017 MB60Base metalsMONTHLY ALUMINIUM BILLET WRAP: Premiums stay firm, with focus on annual dealsBillet premiums have generally stayed flat globally – with market participants assessing spot demand as limited amid a focus on negotiating 2018 supply contracts. http://www.metalbulletin.com/Article/3760958/MONTHLY-ALUMINIUM-BILLET-WRAP-Premiums-stay-firm-with-focus-on-annual-deals.htmlFri, 20 Oct 2017 21:41:00 GMTMONTHLY ALUMINIUM BILLET PREMIUMS REPORT: October 20, 2017http://www.metalbulletin.com/Article/3760966/MONTHLY-ALUMINIUM-BILLET-PREMIUMS-REPORT-October-20-2017.htmlFri, 20 Oct 2017 19:08:00 GMTLIVE FUTURES REPORT 20/10: LME Al, nickel closes week higher; copper closes below $7,000/tBase metals prices on the London Metal Exchange mostly ended the week in negative territory on Friday October 20, with aluminium prices bucking the trend.http://www.metalbulletin.com/Article/3760950/LIVE-FUTURES-REPORT-2010-LME-Al-nickel-closes-week-higher-copper-closes-below-7000t.htmlFri, 20 Oct 2017 18:15:00 GMTMB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 20/10:The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday October 20:http://www.metalbulletin.com/Article/3760916/MB-NON-FERROUS-EUROPEAN-SCRAP-PRICE-CHANGES-2010.htmlFri, 20 Oct 2017 17:20:00 GMTVale's Q3 copper production grows on record volumes from Salobo mineDiversified-miner Vale increased its copper production 6.6% year on year in the third quarter of 2017, boosted by record output at its Brazilian Salobo mine. http://www.metalbulletin.com/Article/3760540/Vales-Q3-copper-production-grows-on-record-volumes-from-Salobo-mine.htmlFri, 20 Oct 2017 16:37:00 GMTSpot-contract copper premium delta in Europe to persist as Aurubis rolls over benchmark – traders Aurubis’ offer of a rollover of its record-low annual premium in 2018 suggests market fundamentals have not changed and spot premiums will remain close to rock bottom levels next year, traders in Europe told Metal Bulletin. http://www.metalbulletin.com/Article/3760787/Spot-contract-copper-premium-delta-in-Europe-to-persist-as-Aurubis-rolls-over-benchmarktraders.htmlFri, 20 Oct 2017 16:25:00 GMTCHINA COPPER CONF: $7,000/t is minimum required for new mining capex investment - SocGen BharNew capital expenditure for mining seems unlikely unless copper prices stay above $7,000 per tonne, Robin Bhar, head of Metals Research with Société Générale, said at China’s Copper Conference in Jiangxi Nanchang on Friday October 20.http://www.metalbulletin.com/Article/3760593/CHINA-COPPER-CONF-7000t-is-minimum-required-for-new-mining-capex-investment-SocGen-Bhar.htmlFri, 20 Oct 2017 15:50:00 GMTNORTH AMERICAN MORNING BRIEF 20/10: Aurubis annual copper cathode premium; Red Kite sues Barclays; LME nickel ralliesThe latest metal markets news and price moves to start the North American day on Friday October 20. http://www.metalbulletin.com/Article/3760687/NORTH-AMERICAN-MORNING-BRIEF-2010-Aurubis-annual-copper-cathode-premium-Red-Kite-sues-Barclays-LME.htmlFri, 20 Oct 2017 12:20:00 GMTCOMMENT: Why the spread in nickel full plates, briquette premiums is not encouraging Chinese stainless steel mills to switchA free trade agreement between Australia and China has supported higher imports of nickel briquette into China, while nickel full plate premiums have risen dramatically, leading some in the market to believe stainless steel mills will switch to the cheaper material. http://www.metalbulletin.com/Article/3760424/COMMENT-Why-the-spread-in-nickel-full-plates-briquette-premiums-is-not-encouraging-Chinese-stainless.htmlFri, 20 Oct 2017 11:17:00 GMTLIVE FUTURES REPORT 20/10: LME nickel price rallies over $400/t; copper back above $7,000/tBase metals prices on the London Metal Exchange were mostly higher this morning, Friday October 20, with nickel’s rally leading the pack. http://www.metalbulletin.com/Article/3760620/LIVE-FUTURES-REPORT-2010-LME-nickel-price-rallies-over-400t-copper-back-above-7000t.htmlFri, 20 Oct 2017 11:10:00 GMTAurubis maintains record low annual European copper supply premiums with $86/t offer for 2018 European copper smelter Aurubis has maintained its lowest ever annual copper cathode premium offer to European clients, with the level set at $86 per tonne for 2018, on Friday October 20, in line with expectations. http://www.metalbulletin.com/Article/3760618/Aurubis-maintains-record-low-annual-European-copper-supply-premiums-with-86t-offer-for-2018.htmlFri, 20 Oct 2017 10:44:00 GMTPEOPLE MOVES: Volcan commercial chief Paolo Cabrejos leaves company Volcan’s commercial head and London Metal Exchange lead and zinc committee member, Paolo Cabrejos, will leave the Peruvian zinc miner at the end of the month, Metal Bulletin understands. http://www.metalbulletin.com/Article/3760614/PEOPLE-MOVES-Volcan-commercial-chief-Paolo-Cabrejos-leaves-company.htmlFri, 20 Oct 2017 10:28:00 GMTSHFE vs LME physical arbitrage 20/10: Copper, aluminium, zinc, nickelArbitrage for copper, aluminium, zinc and nickel imported into China on Friday October 20*http://www.metalbulletin.com/Article/3760613/SHFE-vs-LME-physical-arbitrage-2010-Copper-aluminium-zinc-nickel.htmlFri, 20 Oct 2017 10:08:00 GMTRed Kite sues Barclays for $850 mln over alleged copper market abuseMetals hedge fund Red Kite Management Ltd and six other claimants have filed an $850-million lawsuit against Barclays plc for alleged misuse of confidential information by the bank and market abuse in the copper market from 2010 to 2013.http://www.metalbulletin.com/Article/3760595/Red-Kite-sues-Barclays-for-850-mln-over-alleged-copper-market-abuse.htmlFri, 20 Oct 2017 10:07:00 GMTLIVE FUTURES REPORT 20/10: SHFE lead stocks rise 18%; copper up 8% Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses have increased by 3,549 tonnes or 18.4% over the past week to 22,863 tonnes as of Friday October 20, making it the standout performer among the complex. http://www.metalbulletin.com/Article/3760607/LIVE-FUTURES-REPORT-2010-SHFE-lead-stocks-rise-18-copper-up-8.htmlFri, 20 Oct 2017 09:43:00 GMTMETALS MORNING VIEW 20/10: Underlying sentiment seems to remain bullishBase metals prices on the London Metal Exchange are mostly higher with gains averaging 1.1% this morning, Friday October 20. The exception is tin where prices are off by 0.3%. Nickel prices once again lead the gains with a 2.5% increase to $12,065 per tonne, with lead prices up by 1.6% and copper prices up by 1.3% to $7,060 per tonne. Zinc and aluminium prices are up by 0.9% and 0.6%, respectively.http://www.metalbulletin.com/Article/3760598/METALS-MORNING-VIEW-2010-Underlying-sentiment-seems-to-remain-bullish.htmlFri, 20 Oct 2017 08:15:00 GMTChina’s stainless steel prices rise further on nickel gains China’s domestic stainless steel prices continued to strengthen over the past week on the back of gains in the nickel market. http://www.metalbulletin.com/Article/3760582/Chinas-stainless-steel-prices-rise-further-on-nickel-gains.htmlFri, 20 Oct 2017 06:00:00 GMTEUROPEAN MORNING BRIEF 20/10: SHFE aluminium supported by lower production data; Vale’s nickel output falls 4.3%; LME over-the-counter booking feeGood morning from Metal Bulletin’s offices in Shanghai, bringing the latest news and pricing stories on Friday October 20.http://www.metalbulletin.com/Article/3760587/EUROPEAN-MORNING-BRIEF-2010-SHFE-aluminium-supported-by-lower-production-data-Vales-nickel-output.htmlFri, 20 Oct 2017 05:55:00 GMTLIVE FUTURES REPORT 20/10: SHFE aluminium prices supported by lower production data; copper up slightlyAluminium prices on the Shanghai Futures Exchange (SHFE) inched higher during Asian morning trading on Friday October 20, supported by lower production data out of China and increased buying interest from downstream participants.http://www.metalbulletin.com/Article/3760583/LIVE-FUTURES-REPORT-2010-SHFE-aluminium-prices-supported-by-lower-production-data-copper-up-slightly.htmlFri, 20 Oct 2017 05:30:00 GMTVale’s nickel output falls 4.3% in Q3Vale’s nickel production fell 4.3% year on year in the three months ended September 30, the Brazilian diversified miner said on Thursday October 19.http://www.metalbulletin.com/Article/3760536/Vales-nickel-output-falls-43-in-Q3.htmlFri, 20 Oct 2017 04:38:00 GMTHOTTER ON METALS: LME OTC booking fee may be a game changerThe London Metal Exchange is hoping that an over-the-counter (OTC) booking fee will help stem the flow of business to off-exchange platforms. http://www.metalbulletin.com/Article/3760560/HOTTER-ON-METALS-LME-OTC-booking-fee-may-be-a-game-changer.htmlFri, 20 Oct 2017 03:00:00 GMTAlex Stewart gets ISO accreditation for Liverpool labsAlex Stewart International has received ISO/IEC 17025 accreditation for some base metals ores and concentrates at its Liverpool laboratories, the main International Organization for Standardization (ISO) standard used by testing and calibration laboratories.http://www.metalbulletin.com/Article/3760530/Alex-Stewart-gets-ISO-accreditation-for-Liverpool-labs.htmlFri, 20 Oct 2017 02:25:00 GMTLIVE FUTURES REPORT 19/10: Base metals dip slightly on close; copper on three-day losing streakBase metals prices on the London Metal Exchange dipped across the board on Thursday October 19, unmoved by generally sound Chinese economic data.http://www.metalbulletin.com/Article/3760510/LIVE-FUTURES-REPORT-1910-Base-metals-dip-slightly-on-close-copper-on-three-day-losing-streak.htmlThu, 19 Oct 2017 18:09:00 GMTCif China nickel briquette premiums rise on duty-free imports, battery demandPremiums for nickel briquettes cif China have followed the recent upsurge in nickel full plate premiums, driven by a free trade agreement between Australia and China as well as stronger briquettes demand from the battery sector. http://www.metalbulletin.com/Article/3760357/Cif-China-nickel-briquette-premiums-rise-on-duty-free-imports-battery-demand.htmlThu, 19 Oct 2017 17:49:00 GMTAlumina prices strengthen again; spot tightness persistsBenchmark alumina prices jumped to fresh multi-year highs this week, with sellers commanding higher prices from buyers sitting on low inventories.http://www.metalbulletin.com/Article/3760502/Alumina-prices-strengthen-again-spot-tightness-persists.htmlThu, 19 Oct 2017 17:03:00 GMTLIVE FUTURES REPORT 19/10: Comex copper drops despite improved Chinese dataComex copper prices failed to receive a lift in the morning of October 19 in the USA, despite strong Chinese growth data, continuing the red metal’s three-day losing streak.http://www.metalbulletin.com/Article/3760420/LIVE-FUTURES-REPORT-1910-Comex-copper-drops-despite-improved-Chinese-data.htmlThu, 19 Oct 2017 15:25:00 GMTVale planning to sell stake at nickel operation in New Caledonia Brazilian miner Vale is looking for a partner to its loss-making nickel operations in New Caledonia (VNC), while the company carries out a wider review of its low performing assets. http://www.metalbulletin.com/Article/3760421/Vale-planning-to-sell-stake-at-nickel-operation-in-New-Caledonia.htmlThu, 19 Oct 2017 15:17:00 GMTCHINA COPPER CONF: Jiangxi Copper sees overcapacity risks in China’s smelting industryThe Chinese copper smelting industry is increasingly vulnerable to overcapacity due to rapid growth during the country’s 12th Five-Year Plan as well as new and forthcoming projects, Jiangxi Copper vice president Wu Yuneng warned delegates at the China Copper Conference in Nanchang on Thursday October 19.http://www.metalbulletin.com/Article/3760362/CHINA-COPPER-CONF-Jiangxi-Copper-sees-overcapacity-risks-in-Chinas-smelting-industry.htmlThu, 19 Oct 2017 14:02:00 GMTNORTH AMERICAN MORNING BRIEF 19/10: China’s Sept Al output falls; indium prices jump 9% in China; Sucden’s Q4 outlook for copperThe latest metal markets news and price moves to start the North American day on Thursday October 19. http://www.metalbulletin.com/Article/3760342/NORTH-AMERICAN-MORNING-BRIEF-1910-Chinas-Sept-Al-output-falls-indium-prices-jump-9-in-China-Sucdens.htmlThu, 19 Oct 2017 12:00:00 GMTCHINA COPPER CONF: Arbitrage not the sole factor driving Comex copper stocks higher – ICSGA favorable arbitrage between the London Metal Exchange and Comex is not the only reason for a jump in Comex copper stocks, Shairaz Ahmed, manager of statistical analysis at the International Copper Study Group (ICSG), said.http://www.metalbulletin.com/Article/3760300/CHINA-COPPER-CONF-Arbitrage-not-the-sole-factor-driving-Comex-copper-stocks-higherICSG.htmlThu, 19 Oct 2017 11:39:00 GMT