Latest newshttp://www.metalbulletin.com/RSS.aspx?FeedID=1854©2020 MB60Latest newsLIVE FUTURES REPORT 10/07: China liquidity boost inspires LME base metals rallyThe posting of 1.81 trillion yuan in new Chinese loans early in the European trading session on Friday July 10 led to a rally across all London Metal Exchange three-month base metals prices.http://www.metalbulletin.com/Article/3941247/LIVE-FUTURES-REPORT-1007-China-liquidity-boost-inspires-LME-base-metals-rally.htmlFri, 10 Jul 2020 18:51:00 GMTPRICING NOTICE: Proposal to change publication day of European, seaborne chrome pricesFastmarkets proposes to change the publication day of its European and seaborne price assessments, indices and indicators covering chrome ore and ferro-chrome to Tuesday, from Friday. http://www.metalbulletin.com/Article/3941200/PRICING-NOTICE-Proposal-to-change-publication-day-ofEuropean-seaborne-chrome-prices.htmlFri, 10 Jul 2020 18:49:00 GMTINTERVIEW: Commercial impetus for green aluminium still nascent, IAI saysA vast amount of investment will be required to achieve meaningful change in the carbon footprint of aluminium across a broad portion of the industry, and the commercial impetus is not there yet, according to the secretary general of the International Aluminium Institute (IAI). http://www.metalbulletin.com/Article/3941240/INTERVIEW-Commercial-impetus-for-green-aluminium-still-nascent-IAI-says.htmlFri, 10 Jul 2020 18:14:00 GMTINTERVIEW: Aluminium has key role in post-Covid-19 rebuild, IAI saysAluminium has an opportunity to play a key role in the government-led rebuilding of economies following the Covid-19 pandemic, including in the drive to a low-carbon economy as well as developments in infrastructure, transportation and construction, the secretary general of the International Aluminium Institute (IAI) said.http://www.metalbulletin.com/Article/3941204/INTERVIEW-Aluminium-has-key-role-in-post-Covid-19-rebuild-IAI-says.htmlFri, 10 Jul 2020 18:00:00 GMTSweden's LKAB plans short-term stoppage at Malmberget iron ore siteSwedish state-owned iron ore producer LKAB plans a short maintenance stoppage at its facility at Malmberget next week.http://www.metalbulletin.com/Article/3941098/Swedens-LKAB-plans-short-term-stoppage-at-Malmberget-iron-ore-site.htmlFri, 10 Jul 2020 16:47:00 GMTEU STEELMAKERS CLOSURES 10/07: Producers trim output to balance supply-demandEuropean steel producers have been limiting their outputs in accordance with the persistently weak levels of current demand, especially from the automotive industry, while the region recovers from Covid-19-pandemic lockdowns. http://www.metalbulletin.com/Article/3941175/EU-STEELMAKERS-CLOSURES-1007-Producers-trim-output-to-balance-supply-demand.htmlFri, 10 Jul 2020 16:45:00 GMTDiecaster KSM posts bankruptcy amid Covid-19 woes KSM Castings has become the second German diecaster to start administrative proceedings due to Covid-19, with the company filing for bankruptcy on July 2, sources close to the matter told Fastmarkets. http://www.metalbulletin.com/Article/3941193/Diecaster-KSM-posts-bankruptcy-amid-Covid-19-woes.htmlFri, 10 Jul 2020 16:43:00 GMTINTERVIEW: China unlikely to dominate aluminium production growth in next 20 years, IAI saysChina is unlikely to dominate production growth in the aluminium market in the next two decades in the same way it has over the past 20 years, according to the secretary general of the International Aluminium Institute (IAI).http://www.metalbulletin.com/Article/3941199/INTERVIEW-China-unlikely-to-dominate-aluminium-production-growth-in-next-20-years-IAI-says.htmlFri, 10 Jul 2020 16:43:00 GMTEurofer urges GFSEC to increase efforts to deliver global steel production cuts European steel association Eurofer is urging the Global Forum on Steel Excess Capacity (GFSEC) to intensify efforts to tackle global steel overcapacity. http://www.metalbulletin.com/Article/3941182/Eurofer-urges-GFSEC-to-increase-efforts-to-deliver-global-steel-production-cuts.htmlFri, 10 Jul 2020 16:05:00 GMTLME off-warrant stock data shows fraction of full aluminium supply, market says Market participants say off-warrant aluminium stocks are much higher than what is reflected in this week’s London Metal Exchange data release, but many welcomed the added transparency. http://www.metalbulletin.com/Article/3941178/LME-off-warrant-stock-data-shows-fraction-of-full-aluminium-supply-market-says.htmlFri, 10 Jul 2020 15:10:00 GMTFinland government to put $170mln into Finnish Minerals GroupThe government of Finland decided on Thursday July 9 to invest €150 million ($170 million) into the equity of state-owned mining investment firm Finnish Minerals Group. http://www.metalbulletin.com/Article/3941177/Finland-government-to-put-170mln-into-Finnish-Minerals-Group.htmlFri, 10 Jul 2020 12:52:00 GMTSHFE STOCKS REPORT 10/07: Copper inventories rise 20%Copper showed the largest increase in deliverable stocks in percentage terms in Shanghai Futures Exchange-approved warehouses in the week to Friday July 10, climbing by 23,018 tonnes or 20.1% to 137,336 tonnes. http://www.metalbulletin.com/Article/3941170/SHFE-STOCKS-REPORT-1007-Copper-inventories-rise-20.htmlFri, 10 Jul 2020 12:15:00 GMTGlencore's Katanga production uninterrupted despite Covid-19 casesProduction at Glencore’s Katanga copper and cobalt mine in the Democratic Republic of the Congo (DRC) has been uninterrupted by the confirmation of six Covid-19 cases at the operation.http://www.metalbulletin.com/Article/3941165/Glencores-Katanga-production-uninterrupted-despite-Covid-19-cases.htmlFri, 10 Jul 2020 12:12:00 GMTShipping lines holding back from non-ferrous scrap shipment to ChinaSome US, French and German shipping lines have stopped handling shipments of non-ferrous scrap material to China, citing concerns over the delayed launch of a policy in the East Asian country to trade scrap as renewable materials. http://www.metalbulletin.com/Article/3941169/Shipping-lines-holding-back-from-non-ferrous-scrap-shipment-to-China.htmlFri, 10 Jul 2020 11:42:00 GMTLIVE FUTURES REPORT 10/07: LME nickel continues descent in 1.2% drop; copper holds above $6,300/tThe LME three-month nickel price was trading down 1.2% on the previous day’s close at around $13,080 per tonne during the morning session on Friday July 10, continuing its descent from yesterday’s $13,550 per tonne intraday high. http://www.metalbulletin.com/Article/3941101/LIVE-FUTURES-REPORT-1007LME-nickel-continues-descent-in-12-drop-copper-holds-above-6300t.htmlFri, 10 Jul 2020 10:25:00 GMTIN CASE YOU MISSED IT: 5 key stories from July 9Here are five Fastmarkets stories you might have missed on Thursday July 9 that are worth another look.http://www.metalbulletin.com/Article/3941097/IN-CASE-YOU-MISSED-IT-5-key-stories-from-July-9.htmlFri, 10 Jul 2020 00:05:00 GMTBMW in 5-year cobalt supply deal with Moroccan miner ManagemThe BMW Group has signed a five-year cobalt supply deal with Moroccan mining company Managem Group covering around one-fifth of its needs for its latest electric drive trains, the company said. http://www.metalbulletin.com/Article/3941076/BMW-in-5-year-cobalt-supply-deal-with-Moroccan-miner-Managem.htmlThu, 09 Jul 2020 20:17:00 GMTLME publishes off-warrant stocks data showing extra 1 mln tonnes of Al off-warrantThe London Metal Exchange has released off-warrant stock data to the market in a bid to increase transparency of global metal availability. http://www.metalbulletin.com/Article/3940968/LME-publishes-off-warrant-stocks-data-showing-extra-1-mln-tonnes-of-Al-off-warrant.htmlThu, 09 Jul 2020 19:22:00 GMTEU construction industry reports mixed views on sector's strengthThe European construction industry has reported different levels of operational strength across various countries, with some projects reported as cancelled or postponed, putting pressure on demand for long steel products, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3941005/EU-construction-industry-reports-mixed-views-on-sectors-strength.htmlThu, 09 Jul 2020 19:08:00 GMTTraxys signs agreement to market Alu Iberica productsTrading house Traxys has agreed to a partnership with Alu Iberica, which consists of the La Coruña and Aviles aluminium smelters in Spain, sources with knowledge of the matter have told Fastmarkets. http://www.metalbulletin.com/Article/3941070/Traxys-signs-agreement-to-market-Alu-Iberica-products.htmlThu, 09 Jul 2020 17:35:00 GMTLIVE FUTURES REPORT 09/07: LME copper rallies to $6,300 at close; nickel falls 1.5%The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday July 9, continuing to test levels last seen in January despite a volatile forward curve, while nickel lost ground into the afternoon despite high turnover across the base-metals complex. http://www.metalbulletin.com/Article/3941066/LIVE-FUTURES-REPORT-0907-LME-copper-rallies-to-6300-at-close-nickel-falls-15.htmlThu, 09 Jul 2020 17:02:00 GMTNew Century's zinc tailing project reaches commercial production New Century has achieved commercial production by processing tailings left by the Century mine, once the world’s largest zinc mine located in northwest Queensland of Australia. http://www.metalbulletin.com/Article/3940975/New-Centurys-zinc-tailing-project-reaches-commercial-production.htmlThu, 09 Jul 2020 15:44:00 GMTSouth Africa bans all scrap metal exports for two monthsSouth Africa’s government has launched an investigation into how the supply of scrap metal has been affected by the challenges related to the Covid-19 pandemic, and has banned scrap exports for a period of two months beginning July 3. http://www.metalbulletin.com/Article/3940976/South-Africa-bans-all-scrap-metal-exports-for-two-months.htmlThu, 09 Jul 2020 14:22:00 GMTEurope's largest coking coal producer cancels force majeurePolish coal miner Jastrzebska Spólka Weglowa (JSW), the largest coking coal producer in Europe, has cancelled the state of force majeure declared to its clients in early April due to the effects of the Covid-19 pandemic, the company said on Thursday July 9. http://www.metalbulletin.com/Article/3940967/Europes-largest-coking-coal-producer-cancels-force-majeure.htmlThu, 09 Jul 2020 13:08:00 GMTLIVE FUTURES REPORT 09/07: LME copper price soars 2% to breach $6,350/t; 15,000t fresh cancellation in zincThe three-month copper price on the London Metal Exchange was higher during morning trading on Thursday July 9, with price action pushing firmly above nearby resistance levels, while a sizeable fresh cancellation in LME zinc stocks saw the metal’s underlying price also rally. http://www.metalbulletin.com/Article/3940951/LIVE-FUTURES-REPORT-0907-LME-copper-price-soars-2-to-breach-6350t-15000t-fresh-cancellation-in-zinc.htmlThu, 09 Jul 2020 10:58:00 GMTPEOPLE MOVES: Sucden appoints Socgen’s Alan Burr to Hong Kong LME metals desk UK Trading house Sucden Financial has appointed ex-Société Générale metals trading head Alan Burr to its London Metal Exchange metals and options desk in Hong Kong, the company said on Thursday July 9. http://www.metalbulletin.com/Article/3940944/PEOPLE-MOVES-Sucden-appoints-Socgens-Alan-Burr-to-Hong-Kong-LME-metals-desk.htmlThu, 09 Jul 2020 10:22:00 GMTMORNING VIEW: Metals stronger as supply fears dominate, especially for copper, zincBroad markets were managing to remain upbeat this morning, Thursday July 9, despite the rapid spread of the Covid-19 virus across some continents, while the base metals were rallying on the back of numerous supply disruptions, especially affecting copper and zinc. http://www.metalbulletin.com/Article/3940939/MORNING-VIEW-Metals-stronger-as-supply-fears-dominate-especially-for-copper-zinc.htmlThu, 09 Jul 2020 08:54:00 GMTChina’s GTA announces lower tungsten concentrate, APT price forecasts for JulyChina’s Ganzhou Tungsten Association (GTA) has lowered both its tungsten concentrate and ammonium paratungstate (APT) price forecasts for July.http://www.metalbulletin.com/Article/3940935/Chinas-GTA-announces-lower-tungsten-concentrate-APT-price-forecasts-for-July.htmlThu, 09 Jul 2020 04:49:00 GMTRio Tinto to close Tiwai Point aluminium smelter in 2021Rio Tinto is to close its New Zealand Aluminium Smelter (NZAS) in Tiwai Point after a strategic review showed the business is no longer viable due to high energy costs and a challenging industry outlook, the company said. http://www.metalbulletin.com/Article/3940925/Rio-Tinto-to-close-Tiwai-Point-aluminium-smelter-in-2021.htmlThu, 09 Jul 2020 03:50:00 GMTIN CASE YOU MISSED IT: 5 key stories from July 8Here are five Fastmarkets stories you might have missed on Wednesday July 8 that are worth another look.http://www.metalbulletin.com/Article/3940930/IN-CASE-YOU-MISSED-IT-5-key-stories-from-July-8.htmlThu, 09 Jul 2020 00:05:00 GMT