Latest newshttp://www.metalbulletin.com/RSS.aspx?FeedID=1854©2019 MB60Latest newsIN CASE YOU MISSED IT: 5 key stories from October 11Here are five Fastmarkets MB you might have missed on Friday October 11 that are worth another look.http://www.metalbulletin.com/Article/3898605/IN-CASE-YOU-MISSED-IT-5-key-stories-from-October-11.htmlMon, 14 Oct 2019 00:05:00 GMTLIVE FUTURES REPORT 11/10: LME copper ends 0.2% higher despite Las Bambas force majeure, stock drawdownsCopper closed only slightly higher on Friday on the London Metal Exchange despite price-supportive news of force majeure being declared at the Las Bambas copper mine in Peru.http://www.metalbulletin.com/Article/3898578/LIVE-FUTURES-REPORT-1110-LME-copper-ends-02-higher-despite-Las-Bambas-force-majeure-stock-drawdowns.htmlFri, 11 Oct 2019 17:28:00 GMTEgypt announces permanent duties for steel billet, rebar and wire rodThe Egyptian Ministry of Trade and Industry announced permanent duties on steel billet, rebar and wire rod on October 10, effective from October 12, Egyptian sources told Fastmarkets.http://www.metalbulletin.com/Article/3898533/Egypt-announces-permanent-duties-for-steel-billet-rebar-and-wire-rod.htmlFri, 11 Oct 2019 16:58:00 GMTEXCLUSIVE: Chinese steel mill profits drop 32.3% annually in January-August China’s steel mills posted a fall in profits in the first eight months of the year on weakening steel prices and costly raw materials. http://www.metalbulletin.com/Article/3898353/EXCLUSIVE-Chinese-steel-mill-profits-drop-323-annually-in-January-August.htmlFri, 11 Oct 2019 15:11:00 GMTSHFE STOCKS REPORT 11/10: Base metals inventories broadly up on post-holiday activity All base metal stocks in Shanghai Futures Exchange-approved warehouses, except tin, rose in the week to Friday October 11, after trading activity resumed following the end of the week-long Golden Week holiday in China. http://www.metalbulletin.com/Article/3898321/SHFE-STOCKS-REPORT-1110-Base-metals-inventories-broadly-up-on-post-holiday-activity.htmlFri, 11 Oct 2019 14:47:00 GMTSGX 65% Fe derivative contract records first 2020 trades, best-ever single-day volumes The Singapore Exchange’s (SGX) 65% Fe iron ore derivative contract registered its first 2020 trades this week as well as posting its highest single-day of traded volumes since its launch. http://www.metalbulletin.com/Article/3898266/SGX-65-Fe-derivative-contract-records-first-2020-trades-best-ever-single-day-volumes.htmlFri, 11 Oct 2019 13:23:00 GMTNEWSBREAK: Court announces further auctions for Fanya minor metals stocks on Oct 27Southwestern China’s Kunming Intermediate People’s Court will release cargoes of four minor metals held by the collapsed Fanya Metal Exchange for auction, it said in a notice seen by Fastmarkets on Friday October 11. http://www.metalbulletin.com/Article/3898325/NEWSBREAK-Court-announces-further-auctions-for-Fanya-minor-metals-stocks-on-Oct-27.htmlFri, 11 Oct 2019 12:38:00 GMTLIVE FUTURES REPORT 11/10: LME aluminium flows in while nickel flows out; price action subdued Base metals prices on the London Metal Exchange were largely subdued with trading volumes low in the morning session on Friday November 11 while the metals market absorbs some of the previous day’s United States-China trade deal optimism. http://www.metalbulletin.com/Article/3898273/LIVE-FUTURES-REPORT-1110-LME-aluminium-flows-in-while-nickel-flows-out-price-action-subdued.htmlFri, 11 Oct 2019 09:53:00 GMTMORNING VIEW: Some optimism on US-China trade talks provides support, but markets await concrete developmentsThere is some cautious optimism over United States-China trade negotiations after US President Donald Trump described the talks as “very, very good” and said he would meet Chinese Vice Premier Liu He in the White House on Friday October 11.http://www.metalbulletin.com/Article/3898270/MORNING-VIEW-Some-optimism-on-US-China-trade-talks-provides-support-but-markets-await-concrete.htmlFri, 11 Oct 2019 09:05:00 GMTEvolution in China’s lithium supply chain paves way for commoditizationLithium has traditionally been considered a specialty chemical, but it has been acting more like a commodity in recent years, according to analysts - a development sparked by the growth of the Chinese industry and increased quality expectations.http://www.metalbulletin.com/Article/3898269/Evolution-in-Chinas-lithium-supply-chain-paves-way-for-commoditization.htmlFri, 11 Oct 2019 08:07:00 GMTLIVE FUTURES REPORT 11/10: SHFE copper price up 0.5% on fresh optimism over US-China trade talksCopper prices on the Shanghai Futures Exchange were up during the morning trading session on Friday October 11 following positive developments in trade negotiations between the United States and China overnight. http://www.metalbulletin.com/Article/3898267/LIVE-FUTURES-REPORT-1110-SHFE-copper-price-up-05-on-fresh-optimism-over-US-China-trade-talks.htmlFri, 11 Oct 2019 05:50:00 GMTIN CASE YOU MISSED IT: 5 key stories from October 10Here are five Fastmarkets MB stories you might have missed on Thursday October 10 that are worth another look.http://www.metalbulletin.com/Article/3898257/IN-CASE-YOU-MISSED-IT-5-key-stories-from-October-10.htmlFri, 11 Oct 2019 00:05:00 GMTUSW members to vote on possible strike at AsarcoWorkers at Asarco’s copper mines and processing facilities in Arizona and Texas may vote to go on strike due to disagreements over the renewal of work contracts, a United Steelworkers (USW) union representative confirmed to Fastmarkets.http://www.metalbulletin.com/Article/3898255/USW-members-to-vote-on-possible-strike-at-Asarco.htmlThu, 10 Oct 2019 22:12:00 GMTLIVE FUTURES REPORT 10/10: LME zinc price nears $2,400 per tonne; copper gathers momentumThe three-month zinc price on the London Metal Exchange was higher at the close of trading on Thursday October 10, nearing the $2,400 per tonne resistance level against a continued drawdown of LME stocks, while copper breached nearby resistance amid moderate turnover. http://www.metalbulletin.com/Article/3898241/LIVE-FUTURES-REPORT-1010-LME-zinc-price-nears-2400-per-tonne-copper-gathers-momentum.htmlThu, 10 Oct 2019 18:00:00 GMTVedanta to start four-month shutdown of Skorpion zinc refinery in November Vedanta's Skorpion zinc refinery will shut for four months from November due to a lack of local concentrate feed, the company told Fastmarkets on Thursday October 10. http://www.metalbulletin.com/Article/3898238/Vedanta-to-start-four-month-shutdown-of-Skorpion-zinc-refinery-in-November.htmlThu, 10 Oct 2019 17:59:00 GMTCopper cancellations increase queue for metal at Busan, Kaohsiung LME warehousesThe queue to remove metal from London Metal Exchange-approved warehouses operated by H&M Metal in Busan, South Korea rose to 30 days at the end of September, according to the latest LME data.http://www.metalbulletin.com/Article/3898232/Copper-cancellations-increase-queue-for-metal-at-Busan-Kaohsiung-LME-warehouses.htmlThu, 10 Oct 2019 17:48:00 GMTFOCUS: Nickel stock shock prompts further calls for transparency The connection between physical demand fundamentals and futures price action has broken, say market participants, pointing to nickel stocks on the London Metal Exchange at an 11-year low and the benchmark cash/three-month spread in a backwardation of over $160 per tonne. http://www.metalbulletin.com/Article/3898195/FOCUS-Nickel-stock-shock-prompts-further-calls-for-transparency.htmlThu, 10 Oct 2019 16:34:00 GMTGlasenberg's Glencore stake just shy of top holder Qatar, fresh buyback disclosures showSwitzerland-based miner-trader Glencore revealed on Thursday October 10 that chief executive officer Ivan Glasenberg holds an 8.3% shareholding in the company in its first disclosure of his stake since 2013.http://www.metalbulletin.com/Article/3898132/Glasenbergs-Glencore-stake-just-shy-of-top-holder-Qatar-fresh-buyback-disclosures-show.htmlThu, 10 Oct 2019 13:40:00 GMTPEOPLE MOVES: Jupiter Mines appoints coal magnate Hans Mende to its boardCoal industry billionaire Hans Mende joined the board of Jupiter Mines on Wednesday October 9 as a non-executive director, the Australian Stock Exchange-listed mining company has announced.http://www.metalbulletin.com/Article/3898137/PEOPLE-MOVES-Jupiter-Mines-appoints-coal-magnate-Hans-Mende-to-its-board.htmlThu, 10 Oct 2019 13:39:00 GMTPEOPLE MOVES: Cindy Guan joins TradeCloud as marketing executiveCindy Guan has joined TradeCloud as a marketing executive to solidify its presence in China and South Korea, the company said on Monday September 30.http://www.metalbulletin.com/Article/3898119/PEOPLE-MOVES-Cindy-Guan-joins-TradeCloud-as-marketing-executive.htmlThu, 10 Oct 2019 11:00:00 GMTLIVE FUTURES REPORT 10/10: LME nickel price climbs 1.9% amid continued stock drawdownThe three-month nickel price on the London Metal Exchange pushed up during morning trading on Thursday October 10, climbing by nearly 2% amid an ongoing drawdown of LME inventories. http://www.metalbulletin.com/Article/3898121/LIVE-FUTURES-REPORT-1010-LME-nickel-price-climbs-19-amid-continued-stock-drawdown.htmlThu, 10 Oct 2019 10:48:00 GMTRoad access to MMG’s Las Bambas copper mine blocked again; production unaffected so farRoad access to MMG’s Las Bambas copper mine in Peru has been interrupted since September 22, the company said in a notice to the Hong Kong Exchange on Thursday October 10. http://www.metalbulletin.com/Article/3898116/Road-access-to-MMGs-Las-Bambas-copper-mine-blocked-again-production-unaffected-so-far.htmlThu, 10 Oct 2019 10:25:00 GMTLIVE FUTURES REPORT 10/10: SHFE base metals prices drift ahead of US-China trade talks; Zn rises 0.8%Base metals prices on the Shanghai Futures Exchange exhibited mixed moves but were largely little changed during the morning trading session on Thursday October 10, with market participants digesting conflicting trade headlines.http://www.metalbulletin.com/Article/3898105/LIVE-FUTURES-REPORT-1010-SHFE-base-metals-prices-drift-ahead-of-US-China-trade-talks-Zn-rises-08.htmlThu, 10 Oct 2019 05:44:00 GMTIN CASE YOU MISSED IT: 5 key stories from October 9Here are five Fastmarkets MB stories you might have missed on Wednesday October 9 that are worth another look.http://www.metalbulletin.com/Article/3898100/IN-CASE-YOU-MISSED-IT-5-key-stories-from-October-9.htmlThu, 10 Oct 2019 00:05:00 GMTLIVE FUTURES REPORT 09/10: LME copper price subdued amid thin volumes; nickel spread widensThe three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday October 9, remaining below the $5,700 per tonne resistance level amid thin volumes, while forward spreads in nickel tightened over the afternoon. http://www.metalbulletin.com/Article/3898080/LIVE-FUTURES-REPORT-0910-LME-copper-price-subdued-amid-thin-volumes-nickel-spread-widens.htmlWed, 09 Oct 2019 18:30:00 GMTBlockade ends at Newmont Goldcorp’s Peñasquito lead-zinc mine A blockade that had restricted production and exports of lead and zinc concentrates from Newmont Goldcorp's Peñasquito mine in Mexico has been removed, the company said on Wednesday October 9. http://www.metalbulletin.com/Article/3897935/Blockade-ends-at-Newmont-Goldcorps-Peasquitolead-zinc-mine.htmlWed, 09 Oct 2019 15:15:00 GMTPRICING NOTICE: Proposal to launch equivalent grade copper cathode premium assessment Following a period of market research in the copper cathode market, Fastmarkets proposes to launch fortnightly assessments of equivalent grade (EQ) copper cathode premiums, basis cif Europe and Shanghai. http://www.metalbulletin.com/Article/3896680/PRICING-NOTICE-Proposal-to-launch-equivalent-grade-copper-cathode-premium-assessment.htmlWed, 09 Oct 2019 14:46:00 GMT ArcelorMittal Kryvyi Rih hot-testing section mill rebuilt to cut costs, expand portfolioUkraine’s largest producer of long steel, ArcelorMittal Kryvyi Rih, is performing hot tests of its rebuilt light section mill 250-4, the company announced late last week. Once complete, the reconstruction will help the company to cut production costs and expand its portfolio. http://www.metalbulletin.com/Article/3897863/ArcelorMittal-Kryvyi-Rih-hot-testing-section-mill-rebuilt-to-cut-costs-expand-portfolio.htmlWed, 09 Oct 2019 10:41:00 GMTLIVE FUTURES REPORT 09/10: LME base metals price action capped by low volumes; Ni drawdowns continue London Metal Exchange three-month base metals prices were little changed - with the exception of nickel - during morning trading on Wednesday September 9 amid lackluster turnover despite the dollar index trading down 0.11% at 98.98 at the same time. http://www.metalbulletin.com/Article/3897913/LIVE-FUTURES-REPORT-0910-LME-base-metals-price-action-capped-by-low-volumes-Ni-drawdowns-continue.htmlWed, 09 Oct 2019 10:20:00 GMTMORNING VIEW: Base metals prices tread water ahead of US-China trade talksMarkets are treading water this morning, Wednesday October 9, ahead of the United States-China trade talks that are being held on Thursday and Friday. http://www.metalbulletin.com/Article/3897909/MORNING-VIEW-Base-metals-prices-tread-water-ahead-of-US-China-trade-talks.htmlWed, 09 Oct 2019 09:29:00 GMT