Latest newshttp://www.metalbulletin.com/RSS.aspx?FeedID=1854©2019 MB60Latest newsAlcoa to divest 25.1% stake in rolling mill to Ma’adenAluminium producer Alcoa announced Wednesday June 26 that it has amended its joint venture with Saudi Arabian producer Ma’aden for Alcoa to divest a 25.1% stake in a rolling mill.http://www.metalbulletin.com/Article/3880983/Alcoa-to-divest-251-stake-in-rolling-mill-to-Maaden.htmlWed, 26 Jun 2019 20:06:00 GMTEUROPEAN STEEL DAY 2019: Steelmakers reiterate call for stronger import safeguard measuresEuropean steelmakers have called on the European Commission (EC) to “retroactively remove” the 5% quota volume liberalization of its import safeguard measures, among other requests to ease pressure on the domestic steel industry.http://www.metalbulletin.com/Article/3881108/EUROPEAN-STEEL-DAY-2019-Steelmakers-reiterate-call-for-stronger-import-safeguard-measures.htmlWed, 26 Jun 2019 18:29:00 GMTLIVE FUTURES REPORT 26/06: LME nickel price rallies 1.4% on short-covering; zinc holds above $2,500/t The three-month nickel price on the London Metal Exchange rallied at the close of trading on Wednesday June 26, climbing by 1.4% to close at its highest level since April amid a continued drawdown in the LME’s dwindling supply. http://www.metalbulletin.com/Article/3881110/LIVE-FUTURES-REPORT-2606-LME-nickel-price-rallies-14-on-short-covering-zinc-holds-above-2500t.htmlWed, 26 Jun 2019 18:10:00 GMTTurkish crude steel output down 10% in January-MayTurkey produced 14.297 million tonnes of crude steel in January-May 2019, down 9.97% from the 15.880 million tonnes produced in the first three months of 2018, according to the Turkish Steel Producers Association (TÇÜD). http://www.metalbulletin.com/Article/3880865/Turkish-crude-steel-output-down-10-in-January-May.htmlWed, 26 Jun 2019 14:57:00 GMTPEOPLE MOVES: Former Aludium CEO de Weert joins GFG Alliance Arnaud de Weert, former chief executive officer of aluminium producer Aludium, has joined metals conglomerate GFG Alliance as chief executive of upstream activities. http://www.metalbulletin.com/Article/3880845/PEOPLE-MOVES-Former-Aludium-CEO-de-Weert-joins-GFG-Alliance.htmlWed, 26 Jun 2019 12:34:00 GMTLIVE FUTURES REPORT 26/06: LME Zn price down 0.6% on inflows; firmer dollar outweighs metals trade optimismBase metals on the London Metal Exchange were barely changed during a subdued morning session on Wednesday June 26, with a firmer dollar and sluggish US economic data constraining trading.http://www.metalbulletin.com/Article/3880831/LIVE-FUTURES-REPORT-2606-LME-Zn-price-down-06-on-inflows-firmer-dollar-outweighs-metals-trade.htmlWed, 26 Jun 2019 10:27:00 GMTTokyo Steel cuts scrap purchase price for 6th time in June on weak demandJapan’s Tokyo Steel has cut its ferrous scrap purchase price for the sixth time in June on the back of squeezed margins and weak demand. http://www.metalbulletin.com/Article/3880827/Tokyo-Steel-cuts-scrap-purchase-price-for-6th-time-in-June-on-weak-demand.htmlWed, 26 Jun 2019 10:12:00 GMTMORNING VIEW: Rebound in LME base metals prices capped by stronger dollarThe bullish momentum seen on Tuesday June 25 seems to have run its course because base metals prices were mostly mixed in the early Asian trading session on Wednesday. http://www.metalbulletin.com/Article/3868253/MORNING-VIEW-Rebound-in-LME-base-metals-prices-capped-by-stronger-dollar.htmlWed, 26 Jun 2019 09:53:00 GMTLIVE FUTURES REPORT 26/06: SHFE base metals prices mixed as firmer dollar offsets trade optimism; Zn up 0.6%Base metals prices on the Shanghai Futures Exchange were split into two camps during Asian morning trading on Wednesday June 26, with copper, nickel and zinc securing gains while the rest weakened marginally.http://www.metalbulletin.com/Article/3880824/LIVE-FUTURES-REPORT-2606-SHFE-base-metals-prices-mixed-as-firmer-dollar-offsets-trade-optimism-Zn-up.htmlWed, 26 Jun 2019 05:23:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 25Here are five Fastmarkets MB stories you might have missed on Tuesday June 25 that are worth another look.http://www.metalbulletin.com/Article/3880803/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-25.htmlWed, 26 Jun 2019 00:05:00 GMTAustralia's Sandfire expands global copper footprint with acquisition of MOD Resources in BotswanaAustralia’s Sandfire Resources is to acquire Botswana, Africa-focused copper development and exploration company MOD Resources in a deal worth A$167 million ($116.38 million). http://www.metalbulletin.com/Article/3880642/Australias-Sandfire-expands-global-copper-footprint-with-acquisition-of-MOD-Resources-in-Botswana.htmlTue, 25 Jun 2019 18:21:00 GMTLIVE FUTURES REPORT 25/06: LME Ni up 1.2% on fresh outflows despite modest volsBase metals traded on the London Metal Exchange broadly closed up at the afternoon kerb on Tuesday June 25, while a spate of short-covering meant healthy trading volumes drove gains across the majority of the complex.http://www.metalbulletin.com/Article/3880797/LIVE-FUTURES-REPORT-2506-LME-Ni-up-12-on-fresh-outflows-despite-modest-vols.htmlTue, 25 Jun 2019 18:05:00 GMTEU flat steel distributor shipments down 3.8% in Jan-Apr 2019European distributors of flat steel products reported a 3.8% year-on-year drop in shipment volumes in the first four months of 2019, Eurometal said this week. http://www.metalbulletin.com/Article/3880644/EU-flat-steel-distributor-shipments-down-38-in-Jan-Apr-2019.htmlTue, 25 Jun 2019 17:43:00 GMTGlobal crude steel production up 5% in MaySteelmakers around the world produced a total of 162.74 million tonnes of crude steel in May, up 5.4% from 154.46 million tonnes a year earlier, according to the latest data released by the World Steel Association (Worldsteel). http://www.metalbulletin.com/Article/3880528/Global-crude-steel-production-up-5-in-May.htmlTue, 25 Jun 2019 10:20:00 GMTLIVE FUTURES REPORT 25/06: LME copper, zinc breach nearby resistance in upbeat tradingBoth copper and zinc’s three-month prices on the London Metal Exchange were elevated during morning trading on Tuesday June 25, breaching the nearby resistance levels while a weaker US dollar index fueled further buying momentum.http://www.metalbulletin.com/Article/3880568/LIVE-FUTURES-REPORT-2506-LME-copper-zinc-breach-nearby-resistance-in-upbeat-trading.htmlTue, 25 Jun 2019 10:15:00 GMTLIVE FUTURES REPORT 25/06: Soft dollar supports SHFE base metals prices; zinc jumps 1.2%Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Tuesday June 25, with a softening dollar helping to ease the bearishness engulfing the market amid continuing geopolitical uncertainty.http://www.metalbulletin.com/Article/3880527/LIVE-FUTURES-REPORT-2506-Soft-dollar-supports-SHFE-base-metals-prices-zinc-jumps-12.htmlTue, 25 Jun 2019 04:56:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 24Here are five Fastmarkets MB stories you might have missed on Monday June 24 that are worth another look.http://www.metalbulletin.com/Article/3880518/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-24.htmlTue, 25 Jun 2019 00:05:00 GMTLIVE FUTURES REPORT 24/06: LME zinc price climbs 2.3% amid continued stock outflowsZinc’s three-month price on the London Metal Exchange was up by more than 2% at the close of trading on Monday June 24, settling at just under $2,500 per tonne. Just under 10,000 lots were exchanged. http://www.metalbulletin.com/Article/3880506/LIVE-FUTURES-REPORT-2406-LME-zinc-price-climbs-23-amid-continued-stock-outflows.htmlMon, 24 Jun 2019 21:02:00 GMTAltura's lithium spodumene sales soar in Q2; ramps up productionAustralian lithium spodumene producer Altura Mining sold 38,600 tonnes of lithium spodumene in the June quarter, up by 161% from 14,770 tonnes sold during the March quarter, it said on Friday June 21. http://www.metalbulletin.com/Article/3880433/Alturas-lithium-spodumene-sales-soar-in-Q2-ramps-up-production.htmlMon, 24 Jun 2019 15:15:00 GMTSchalamon retires as Samancor CEO; McManus takes over helm Jürgen Schalamon will retire from his role as chief executive officer of Samancor Chrome at the end of June after nearly 15 years in the position, Fastmarkets understands. http://www.metalbulletin.com/Article/3880376/Schalamon-retires-as-Samancor-CEO-McManus-takes-over-helm.htmlMon, 24 Jun 2019 12:23:00 GMTNyrstar writes down Myra Falls mine by additional $34mln Nyrstar will write down the value of its zinc-copper-gold Myra Falls mine by an additional €30 million ($34.18 million), it said on Saturday June 22, bringing total 2018 impairment on assets to €130 million. http://www.metalbulletin.com/Article/3880369/Nyrstar-writes-down-Myra-Falls-mine-by-additional-34mln.htmlMon, 24 Jun 2019 12:15:00 GMTGlencore’s Koniambo nickel plant evacuated amid leak, ceases production Koniambo Nickel SAS, 49%-owned by commodity firm Glencore, has evacuated and temporarily ceased production at its North Plant in New Caledonia after a leak that occurred at 6.22am local time on Monday June 24. http://www.metalbulletin.com/Article/3880367/Glencores-Koniambo-nickel-plant-evacuated-amid-leak-ceases-production.htmlMon, 24 Jun 2019 11:40:00 GMTLIVE FUTURES REPORT 24/06: LME base metals consolidate lower amid thin volumesBase metals prices on the London Metal Exchange were mostly lower during morning trading on Monday June 24, with thin volumes capping the complex in narrow trading ranges amid a weaker US dollar index.http://www.metalbulletin.com/Article/3880353/LIVE-FUTURES-REPORT-2406-LME-base-metals-consolidate-lower-amid-thin-volumes.htmlMon, 24 Jun 2019 10:15:00 GMTMORNING VIEW: Evidence of dip-buying in LME base metals, but complex remains vulnerable amid macroeconomic uncertaintyGeopolitical tensions in the Middle East showed no sign of abating over the weekend after the United States claimed that it had carried out a cyber-attack on Iranian weapons systems in retaliation for the latter shooting down a US drone last week.http://www.metalbulletin.com/Article/3877813/MORNING-VIEW-Evidence-of-dip-buying-in-LME-base-metals-but-complex-remains-vulnerable-amid.htmlMon, 24 Jun 2019 09:40:00 GMTLIVE FUTURES REPORT 24/06: SHFE base metals prices mixed amid trade, macro uncertaintyBase metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday June 24, with trade and macroeconomic uncertainty keeping investors cautious at the start of a new trading week.http://www.metalbulletin.com/Article/3880326/LIVE-FUTURES-REPORT-2406-SHFE-base-metals-prices-mixed-amid-trade-macro-uncertainty.htmlMon, 24 Jun 2019 06:11:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 21Here are five Fastmarkets MB stories you might have missed on Friday June 21 that are worth another look.http://www.metalbulletin.com/Article/3880308/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-21.htmlMon, 24 Jun 2019 00:05:00 GMTFresh inflows pressure LME tin's forward spreads amid 50% inventory uptickTin’s forward spreads on the London Metal Exchange have narrowed from their widest backwardation since 2015 against a 50% stock rise in June.http://www.metalbulletin.com/Article/3880290/Fresh-inflows-pressure-LME-tins-forward-spreads-amid-50-inventory-uptick.htmlFri, 21 Jun 2019 18:42:00 GMTLIVE FUTURES REPORT 21/06: LME nickel price holds above $12,000/t despite 2% slideNickel managed to hold on above $12,000 per tonne on the London Metal Exchange by the close of trading on Friday June 21 but ended around 2% lower. http://www.metalbulletin.com/Article/3880289/LIVE-FUTURES-REPORT-2106-LME-nickel-price-holds-above-12000t-despite-2-slide.htmlFri, 21 Jun 2019 18:02:00 GMTLME bolsters membership with B share matched bargain serviceThe London Metal Exchange has reintroduced a matched bargain service to facilitate the buying and selling of B shares across its membership structure, it said in a note to members on Friday June 21.http://www.metalbulletin.com/Article/3880058/LME-bolsters-membership-with-B-share-matched-bargain-service.htmlFri, 21 Jun 2019 16:45:00 GMTVietnam will impose provisional AD duties on Chinese, South Korean coated flat steel [UPDATED]Vietnam’s Ministry of Industry and Trade will impose provisional anti-dumping measures on color-coated flat steel products from China and South Korea, it said this week.http://www.metalbulletin.com/Article/3879944/Vietnam-will-impose-provisional-AD-duties-on-Chinese-South-Korean-coated-flat-steel-[UPDATED].htmlFri, 21 Jun 2019 15:55:00 GMT