Base metals©2018 MB60Base metalsNON-FERROUS WEEK IN BRIEF: Glencore banked $2 bln profits in 2017; Wieland Group to acquire Aurubis’ rolled-products division; Section 232 could reorganize world supply chainsMetal Bulletin rounds up some of the key news and price moves across the global metal markets this week., 23 Feb 2018 18:15:00 GMTPaul Crone to join ECTP as head of metals proprietary tradingPaul Crone will join Engelhart Commodities Trading Partners (ECTP) as the head of proprietary trading for its metals division, based in Stamford, Connecticut, in the United States., 23 Feb 2018 17:52:00 GMTEXPERT VIEW: The backs are back in aluminium - for nowThe benchmark cash/three-month spread in aluminium at the start of this week hit backwardation levels not seen since before the Global Financial Crisis, which is a landmark event but not necessarily a signal of a major shift in market dynamics., 23 Feb 2018 17:42:00 GMTLIVE FUTURES REPORT 23/02: Base metals prices end on weak footing; only tin closes higherTin was the only base metal to close in positive territory on the London Metal Exchange on Friday February 23, with the rest correcting lower., 23 Feb 2018 17:26:00 GMTZinc, lead concentrate TCs hold at low levels in FebTreatment charges (TCs) for spot zinc and lead concentrates continued to trade at low levels in February, with the Chinese market winding down for New Year holidays and participants discussing annual terms at the IZA conference in California., 23 Feb 2018 15:50:00 GMTSection 232 report isolating US from global aluminium flow [UPDATED]The proposed Section 232 investigation remedies by the United States Commerce Department are becoming apparent in the global market, with the common theme a reorganization of the world’s supply chains to remove the US from the trade flow.[UPDATED].htmlFri, 23 Feb 2018 15:48:00 GMTPEOPLE MOVES: Base metals trader Jonathan Berchole leaves Mercuria - sourceJonathan Berchole, a senior base metals trader at Mercuria Energy Group, has left the company, a well-informed source told Metal Bulletin., 23 Feb 2018 14:23:00 GMTMSC's 2017 profit up on higher tin prices; smelter relocation to address inefficienciesMalaysia Smelting Corp (MSC) recorded a 20% increase in net profit at its tin mining unit in 2017, but its smelting segment registered a loss due to aged equipment and operation inefficiencies that will be addressed by the relocation of its Butterworth smelter from Penang to Port Klang, it said on Friday February 23., 23 Feb 2018 14:02:00 GMTPEOPLE MOVES: Montanwerke Brixlegg CCO Bernhard Uldrian steps down Bernhard Uldrian, Montanwerke Brixlegg’s chief commercial officer, resigned from his position at the end of January, Metal Bulletin has learned., 23 Feb 2018 12:45:00 GMTNORTH AMERICAN MORNING BRIEF 23/02: LME base metals dip; SHFE stocks higher; Rusal 2017 earnings upGood morning from Metal Bulletin’s London office, bringing you the latest news and pricing stories on Friday February 23., 23 Feb 2018 11:40:00 GMTUPDATE: Wieland Group seeks copper growth outside Europe after Aurubis division acquisitionWieland Group will strengthen its position as Europe’s largest semi-finished copper products producer by acquiring Aurubis’ rolled-products division later this year, yet the deal is intended to kickstart growth in the US and Asian markets, chief executive officer Erwin Mayr told Metal Bulletin., 23 Feb 2018 11:30:00 GMTSHFE STOCKS REPORT 23/02: copper stocks up; nickel, tin downDeliverable base metals stocks at Shanghai Futures Exchange-approved warehouses all rose in the short trading week to Friday February 23, except for nickel and tin which saw a very slight decline., 23 Feb 2018 11:15:00 GMTLIVE FUTURES REPORT 23/02: LME base metals dip lower; prices awaiting new direction Base metals prices on the London Metal Exchange dipped across the board during morning trading on Friday February 23, with prices awaiting further direction to move higher., 23 Feb 2018 10:29:00 GMTSHFE vs LME physical arbitrage 23/02: Copper, aluminium, zinc, nickelThe arbitrage for copper, aluminium, zinc and nickel imported into China on Friday February 23*, 23 Feb 2018 09:25:00 GMTMETALS MORNING VIEW 23/02: Metals prices consolidate after Thursday's reboundsThe base metals complex on the London Metal Exchange is mixed this morning, Friday February 23, with prices down by an average of 0.2%. Zinc prices lead the decline with a 0.8% fall to $3,501 per tonne, copper and nickel prices are off by 0.4% with the former at $7,143 per tonne, aluminium prices are bucking the trend with a 0.4% rise, while the rest are little changed., 23 Feb 2018 08:15:00 GMTStonger demand, LME prices drive Rusal's earnings higher in 2017UC Rusal’s adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) increased to $2.12 billion in 2017, the company said in its report on Friday February 23., 23 Feb 2018 05:59:00 GMTEUROPEAN MORNING BRIEF 23/02: SHFE base metals broadly higher; Section 232 isolates US from trade flows; HudBay posts strong earningsGood morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Friday February 23., 23 Feb 2018 03:30:00 GMTLIVE FUTURES REPORT 23/02: SHFE base metals all higher as market gears up after holidaysBase prices on the Shanghai Futures Exchange (SHFE) rose across the board during Asian morning trading on Friday February 23, the second trading day after Lunar New Year holidays., 23 Feb 2018 02:46:00 GMTPEOPLE MOVES: Rusal appoints Alexandra Bouriko as new CEOUS Rusal has appointed Alexandra Bouriko as the new Chief Executive Officer (CEO) of the company, according to the company announcement on Friday February 23., 23 Feb 2018 01:40:00 GMTASIAN MORNING BRIEF 23/02: Most base metals caught in sell-off on LME; Wieland-Werke to acquire Aurubis rolled products division; zinc concentrate market at ‘turning point’ this year, Nyrstar saysThe latest news and price moves to start the Asian day on Friday February 23., 23 Feb 2018 00:05:00 GMTHOTTER ON METALS: Meet Liam, Apple’s robot recycler Apple has been experimenting with ways to recover cobalt from its lithium-ion batteries and to use recycled cobalt., 22 Feb 2018 22:05:00 GMTAlbanese, Nutter join Nevada Copper boardThe former chief executive officer of Rio Tinto and Vedanta Resources, Tom Albanese, has joined an advisory board at flourishing miner Nevada Copper, in the expectation of being nominated for membership of the company’s board at an annual general meeting in April., 22 Feb 2018 18:22:00 GMTLIVE FUTURES REPORT 22/02: LME copper price recovers in afternoon trading; other base metals still under pressureThe three-month copper price on the London Metal Exchange was the only base metal to close in positive territory on Thursday February 22, with the rest of the complex caught in a sell-off., 22 Feb 2018 17:55:00 GMTLIVE FUTURES REPORT 22/02: Comex copper recovers amid dollar weaknessComex copper prices bounced-back on Thursday February 22 morning in the US, after a minor rout with a weaker dollar and solid US data lifted the complex., 22 Feb 2018 15:40:00 GMTKaz Minerals more than doubles 2017 profit on copper sales; eyes higher outputKaz Minerals more than doubled its underlying profit last year to $476 million on strong copper sales, the London-listed copper miner said on Thursday February 22., 22 Feb 2018 15:12:00 GMT2018 a 'turning point' for zinc concs market; TCs to rebound – Nyrstar CEONyrstar places the zinc concentrate market at a “turning point” and expects treatment charges (TCs) to increase in 2018, chief executive officer of Nyrstar, Hilmar Rode, said in a conference call after the company released its annual results today., 22 Feb 2018 14:45:00 GMTNORTH AMERICAN MORNING BRIEF: LME base metals sell off; Anglo American FY earnings jump; Cobalt 27 agrees royalty for DumontGood morning from Metal Bullet’s London office, bringing the latest news and pricing stories on Thursday February 22., 22 Feb 2018 12:30:00 GMTCobalt 27 forms subsidiary to manage streaming, royalty investments Cobalt 27 has formed Electric Metals Streaming, a wholly-owned subsidiary incorporated in Ontario, Canada, to manage its future streaming and royalty investments., 22 Feb 2018 12:01:00 GMTCobalt 27 agrees royalty on Dumont nickel-cobalt project Cobalt 27 has agreed a 1.75% net smelter return (NSR) royalty on future production of all metals, including nickel and cobalt, from the Dumont nickel sulphide project in Canada., 22 Feb 2018 11:22:00 GMTLIVE FUTURES REPORT 22/02: LME base metals fall across the board; sell-off as Chinese traders return Base metals prices on the London Metal Exchange were lower across the board during morning trading on Thursday February 22, with a sell-off taking place following China’s return to the market., 22 Feb 2018 10:35:00 GMT