April 2017

Large aluminium companies in Brazil not affected by general strike

Aluminium companies Alcoa, CBA and Hydro had not seen their Brazilian operations affected by the nationwide general strike on Friday April 28.

LIVE FUTURES REPORT 28/04: LME base metals end April on a high but small decline for Al

Base metal prices on the London Metal Exchange were largely up at the kerb of trading today, Friday April 28, with aluminium the only metal to see a decline in price.

NON-FERROUS WEEK IN BRIEF: MB INTL Nickel Conference; Lord Bagri dies; Simon Heale retires; MMTA Conference; Cobalt 27 Corp; ASA Metals acquisition

Here’s a round-up of some of the key metal markets news and price moves covered by Metal Bulletin journalists over the past week.

LORD COPPER: LME’s Chamberlain can steer exchange on middle course

It doesn’t really seem that long ago since the position that has now morphed into ceo of the London Metal Exchange was not much more than a bureaucratic role – it was almost secretarial in ensuring the smooth operation of the instructions given down by the board, at that time made up exclusively of member representatives.

NORTH AMERICAN MORNING BRIEF 28/04: LME base metals prices lack momentum; SHFE zinc stocks slump; Hydro earnings soar

Key news and price moves to get you off to a good start during the North American morning on Friday April 28.

SHFE vs LME physical arbitrage 28/04: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday April 28*

Rusal’s UAZ plant will ramp up alumina output to 900,000 tpy

UC Rusal will launch a new digestion train at its Urals Aluminium Smelter (UAZ), which will enable the refinery to expand alumina production by 130,000 tpy, the company said on Friday April 28.

LIVE FUTURES REPORT 28/04: SHFE zinc stocks down 26%; copper inventories fall for second week

Zinc inventories at Shanghai Futures Exchange-approved warehouses fell 40,312 tonnes - or 25.9% - over the past week to 115,040 tonnes as of Friday April 28, the biggest decrease among the SHFE base metals.

Higher metal and alumina prices boost Hydro’s Q1 earnings

Hydro's underlying earnings before interest and tax jumped in the first quarter of 2017.

LIVE FUTURES REPORT 28/04: LME base metal prices rise ahead of May Day bank holiday

Base metal prices on the London Metal Exchange were upbeat in the morning on Friday April 28, with prices up across the board.