Latest newshttp://www.metalbulletin.com/RSS.aspx?FeedID=1854©2019 MB60Latest newsCanada sets aluminium transshipment measures in deal to end Section 232 tariffsThe government of Canada has announced measures to prevent the transshipment of aluminium into the United States, building on commitments made when the US removed its Section 232 import tariffs in May. http://www.metalbulletin.com/Article/3890742/Canada-sets-aluminium-transshipment-measures-in-deal-to-end-Section-232-tariffs.htmlFri, 23 Aug 2019 19:25:00 GMTLIVE FUTURES REPORT 23/08: LME nickel price gains fade despite loosening forward curve The London Metal Exchange three-month nickel price lost gains made over the course of the trading day to close at $15,665 per tonne on Friday August 23, down 1.3% from the intraday high of $15,860 per tonne, despite a healthy 11,294-lot turnover, the highest since August 8. http://www.metalbulletin.com/Article/3890733/LIVE-FUTURES-REPORT-2308-LME-nickel-price-gains-fade-despite-loosening-forward-curve.htmlFri, 23 Aug 2019 17:19:00 GMTSQM lithium revenues down on lower sales prices into ChinaChile's largest lithium producer, SQM, has reported a 24.7% year on year drop in lithium revenues to $138.5 million in the second quarter of 2019, from $183.9 million during the same period in 2018 on lower lithium prices achieved in China and market oversupply. http://www.metalbulletin.com/Article/3890726/SQM-lithium-revenues-down-on-lower-sales-prices-into-China.htmlFri, 23 Aug 2019 16:32:00 GMTSHFE STOCKS REPORT 23/08: Lead stocks tumble 10%; nickel inventories rise 2.6% Barring zinc and nickel, base metal stocks at Shanghai Futures Exchange-approved warehouses were lower week on week on Friday August 23, with the biggest fall in deliverable lead stocks, which slumped by 9.6% or 3,544 tonnes to 33,065 tonnes. http://www.metalbulletin.com/Article/3890519/SHFE-STOCKS-REPORT-2308-Lead-stocks-tumble-10-nickel-inventories-rise-26.htmlFri, 23 Aug 2019 13:39:00 GMTAuctions conclude for aluminium, alumina stocks from Qingdao warehouse fraud The auctions of aluminium ingots, alumina and copper cathodes by Qingdao Intermediate People’s Court have ended this week, with Europe-based trading houses winning some of the listings, according to official auction documents from JD.com dated Friday August 23. http://www.metalbulletin.com/Article/3890482/Auctions-conclude-for-aluminium-alumina-stocks-from-Qingdao-warehouse-fraud.htmlFri, 23 Aug 2019 12:20:00 GMTTianqi Lithium signs supply contract with LG ChemTianqi Lithium Kwinana Pty Ltd (TLK), the wholly-owned subsidiary of Chinese lithium producer Tianqi Lithium, has signed a supply agreement for battery-grade lithium hydroxide with LG Chem, the producer said. http://www.metalbulletin.com/Article/3890517/Tianqi-Lithium-signs-supply-contract-with-LG-Chem.htmlFri, 23 Aug 2019 11:47:00 GMTLIVE FUTURES REPORT 23/08: LME three-month Sn price down 1.7%; Zn slips into backwardationWhile most base metals traded on the London Metal Exchange rose during the morning session on Friday 23 due to a marginal 0.19% increase in the United States’ Dow Jones Industrial Average index, the LME three-month tin price hit its lowest since February 2016.http://www.metalbulletin.com/Article/3890485/LIVE-FUTURES-REPORT-2308-LME-three-month-Sn-price-down-17-Zn-slips-into-backwardation.htmlFri, 23 Aug 2019 10:57:00 GMTMORNING VIEW: Markets mainly rangebound, but tin continues to sink – will weak US manufacturing data change US policy?With little changed in the depressed markets, focus will now turn to what ideas central bankers come up with when they meet at the Economic Policy Symposium at Jackson Hole, in the US state of Wyoming, on Friday August 23.http://www.metalbulletin.com/Article/3890471/MORNING-VIEW-Markets-mainly-rangebound-but-tin-continues-to-sinkwill-weak-US-manufacturing-data.htmlFri, 23 Aug 2019 09:45:00 GMTChina Molybdenum facing financial losses at Tenke mine in DRCThe Tenke Fungurume copper-cobalt mine in the Democratic Republic of Congo (DRC) has seemingly become a financial headache for Chinese miner China Molybdenum, which holds an 80% stake in the mine.http://www.metalbulletin.com/Article/3890460/China-Molybdenum-facing-financial-losses-at-Tenke-mine-in-DRC.htmlFri, 23 Aug 2019 07:35:00 GMTLIVE FUTURES REPORT 23/08: SHFE base metals prices slump on weak manufacturing data, declining yuan; Ni bucks trendBase metals prices on the Shanghai Futures Exchange were in consolidation mode again on Friday August 23, with the complex broadly down - led by a 1% decline in zinc.http://www.metalbulletin.com/Article/3890461/LIVE-FUTURES-REPORT-2308-SHFE-base-metals-prices-slump-on-weak-manufacturing-data-declining-yuan-Ni.htmlFri, 23 Aug 2019 06:09:00 GMTIN CASE YOU MISSED IT: 5 key stories from August 22Here are five Fastmarkets MB stories you might have missed on Thursday August 22 that are worth another look.http://www.metalbulletin.com/Article/3890453/IN-CASE-YOU-MISSED-IT-5-key-stories-from-August-22.htmlFri, 23 Aug 2019 00:05:00 GMTArcelorMittal Brasil to keep blast furnace idle until year-end, CEO saysArcelorMittal Brasil has decided to continue the idling of blast furnace No2 at its Tubarão plant, in the southeastern Brazilian state of Espírito Santo, at least until the end of this year because of the tough market conditions, chief executive officer Benjamin Baptista told Fastmarkets on Wednesday August 21. http://www.metalbulletin.com/Article/3890389/ArcelorMittal-Brasil-to-keep-blast-furnace-idle-until-year-end-CEO-says.htmlThu, 22 Aug 2019 21:10:00 GMTBrazilian slab producers resume negotiations with US clients for November shipmentsBrazilian steel slab producers are close to resuming bookings of semi-finished material to clients in the United States for November shipment, while they look forward to the renewal of the annual Section 232 import quota for 2020. http://www.metalbulletin.com/Article/3890445/Brazilian-slab-producers-resume-negotiations-with-US-clients-for-November-shipments.htmlThu, 22 Aug 2019 20:45:00 GMTDistributor steel sales up 4% in Brazil as destocking persists, Inda saysSales volumes for Brazilian distributors of flat-rolled steel rose year-on-year in July for the fifth month this year, with figures recovering from a weak performance in 2018 and companies continuing to destock, national steel distributors’ association Inda said on Wednesday August 21. http://www.metalbulletin.com/Article/3890442/Distributor-steel-sales-up-4-in-Brazil-as-destocking-persists-Inda-says.htmlThu, 22 Aug 2019 20:00:00 GMTBrazil's Usiminas at 42% capacity amid tough market, CEO saysBrazilian steelmaker Usiminas is currently operating at 42% of its rolling capacity for flat steel, chief executive officer Sergio Leite told reporters on the sidelines of the Brazilian Steel Conference on Wednesday August 21. http://www.metalbulletin.com/Article/3890416/Brazils-Usiminas-at-42-capacity-amid-tough-market-CEO-says.htmlThu, 22 Aug 2019 19:07:00 GMTFASTMARKETS MB DAILY PDFs Daily PDFs will be downloadable until Monday August 26. After that, because of the UK’s Summer Bank Holiday, the next daily PDF will be downloadable on Wednesday August 28http://www.metalbulletin.com/Article/3890438/FASTMARKETS-MB-DAILY-PDFs.htmlThu, 22 Aug 2019 18:02:00 GMTLIVE FUTURES REPORT 22/08: LME zinc price falls 1.7% in choppy trading; nickel spread tightens The London Metal Exchange three-month zinc price was lower at the close of trading on Thursday August 22, a day in which trading ranged $2,230-2,290 per tonne, while the backwardation in the nickel forward spread widened to its highest since 2015. http://www.metalbulletin.com/Article/3890432/LIVE-FUTURES-REPORT-2208-LME-zinc-price-falls-17-in-choppy-trading-nickel-spread-tightens.htmlThu, 22 Aug 2019 17:59:00 GMTYildirim Group to suspend three high carbon ferro-chrome furnaces at Eti Krom, Tikhvin Yildirim Group will close three high carbon ferro-chrome furnaces for at least three months for maintenance, removing 10,000 tonnes per month of ferro-chrome from the market. http://www.metalbulletin.com/Article/3890430/Yildirim-Group-to-suspend-three-high-carbon-ferro-chrome-furnaces-at-Eti-Krom-Tikhvin.htmlThu, 22 Aug 2019 17:40:00 GMTAfriMet Resources launches world's newest tin book in Africa-focused venture Switzerland-based AfriMet Resources has launched the world’s newest tin book, targeting tin trading and project investment with the support of steel specialist Vanomet Holding AG. http://www.metalbulletin.com/Article/3890356/AfriMet-Resources-launches-worlds-newest-tin-book-in-Africa-focused-venture.htmlThu, 22 Aug 2019 17:24:00 GMTGlobal zinc demand softens in June; lead usage exceeds supply in H1 - ILZSG Global refined zinc usage dropped slightly in the month of June while mine production rose by 1.9% in the first half of 2019. http://www.metalbulletin.com/Article/3890239/Global-zinc-demand-softens-in-June-lead-usage-exceeds-supply-in-H1-ILZSG.htmlThu, 22 Aug 2019 17:07:00 GMTFOCUS: China steel mills look to beat 2019 bear market through infrastructure growthChinese steel mills are banking on infrastructure projects to beat the 2019 bear market, although the remaining months of the year are not expected to be as rosy as January-June due to the country's slowing growth rate. http://www.metalbulletin.com/Article/3889902/FOCUS-China-steel-mills-look-to-beat-2019-bear-market-through-infrastructure-growth.htmlThu, 22 Aug 2019 15:54:00 GMTSouth32 reports higher FY2019 operating costs at manganese alloy operationsWestern Australia-based miner South32 has reported increases of as much as 21% in operating unit costs at its manganese alloy operations for the 2018-19 financial year, which ended on June 30. This came against a continued decline in prices, months after putting the operations up for review. http://www.metalbulletin.com/Article/3890274/South32-reports-higher-FY2019-operating-costs-at-manganese-alloy-operations.htmlThu, 22 Aug 2019 15:32:00 GMTSHFE aluminium price hits 10-month high following aluminium production outages The aluminium price on the Shanghai Futures Exchange has remained near 10-month highs this week since it hit 14,395 yuan ($2,038) per tonne on Monday August 19 in reaction to recent aluminium supply disruptions. http://www.metalbulletin.com/Article/3890047/SHFE-aluminium-price-hits-10-month-high-following-aluminium-production-outages.htmlThu, 22 Aug 2019 14:10:00 GMTQingdao Court auctions aluminium, copper impounded in 2014 warehouse fraud The Qingdao Intermediate People’s Court has put up for sale a significant quantity of aluminium ingots and copper cathodes impounded in 2014 during a government crackdown over the misuse of collateral for financing metals in Qingdao. http://www.metalbulletin.com/Article/3890275/Qingdao-Court-auctions-aluminium-copper-impounded-in-2014-warehouse-fraud.htmlThu, 22 Aug 2019 13:55:00 GMTAT A GLANCE: South32 FY19 earnings down 25% on lower Al prices; 3% production increase A summary of South32's earnings and production results for its 2019 financial year ended June 30. http://www.metalbulletin.com/Article/3890264/AT-A-GLANCE-South32-FY19-earnings-down-25-on-lower-Al-prices-3-production-increase.htmlThu, 22 Aug 2019 11:26:00 GMTLIVE FUTURES REPORT 22/08: LME zinc tops losses; Al falls despite 21,800t fresh cancelationThe three-month zinc price on the London Metal Exchange declined during morning trading on Thursday August 22, with the metal falling by around 1.9% against moderately high turnover, while a fresh cancelation in aluminium did little to stop a slight downturn in the metal’s outright price. http://www.metalbulletin.com/Article/3890257/LIVE-FUTURES-REPORT-2208-LME-zinc-tops-losses-Al-falls-despite-21800t-fresh-cancelation.htmlThu, 22 Aug 2019 10:25:00 GMTPEOPLE MOVES: Former ECTP head Loth joins Grafton CommoditiesShon Loth - former global head of metals, minerals and freight at London commodities merchant Engelhart Commodities Trading Partners (ECTP) - will join Grafton Commodity Trading in October in a return to base metals, Fastmarkets learned.http://www.metalbulletin.com/Article/3890256/PEOPLE-MOVES-Former-ECTP-head-Loth-joins-Grafton-Commodities.htmlThu, 22 Aug 2019 10:05:00 GMTAT A GLANCE: MMG H1 earnings fall by a third on Las Bambas roadblocks A summary of Australian-Chinese miner MMG’s production results for the first half year ended June 30, 2019, as well as its full-year production guidance. http://www.metalbulletin.com/Article/3890249/AT-A-GLANCE-MMG-H1-earnings-fall-by-a-third-on-Las-Bambas-roadblocks.htmlThu, 22 Aug 2019 09:37:00 GMTLIVE FUTURES REPORT 22/08: SHFE base metals prices consolidate ahead of manufacturing data; Zn up 0.7%Base metals prices on the Shanghai Futures Exchange consolidated during morning trading on Thursday August 22 while market participants await further direction from the release of manufacturing data later.http://www.metalbulletin.com/Article/3890246/LIVE-FUTURES-REPORT-2208-SHFE-base-metals-prices-consolidate-ahead-of-manufacturing-data-Zn-up-07.htmlThu, 22 Aug 2019 06:21:00 GMTIN CASE YOU MISSED IT: 5 key stories from August 21Here are five Fastmarkets MB stories you might have missed on Wednesday August 21 that are worth another look.http://www.metalbulletin.com/Article/3890237/IN-CASE-YOU-MISSED-IT-5-key-stories-from-August-21.htmlThu, 22 Aug 2019 00:05:00 GMT