December 2013

Rio Tinto will review Northern Dynasty stake in Pebble copper project

Rio Tinto plans to carry out a strategic review of its shareholding in Northern Dynasty Minerals, which owns 100% of the Pebble copper project in Alaska.

REVIEW OF 2013: Brazil's aluminium market – a year of supply woes, high premiums, tough negotiations

Brazil's domestic aluminium premiums shot up this year on fears of inadequate supply, forcing market participants to secure material through contracts.

Indonesia’s top tin producer PT Timah lifts force majeure on shipments

Indonesia’s PT Timah lifted the force majeure on tin shipments on Monday December 23, as conditions improved after a government rule was introduced forcing all domestic producers to trade on the country’s domestic exchange, an official told Metal Bulletin.

Analysts see short-term support for Shanghai copper price

The Shanghai Futures Exchange copper price edged down on Monday December 23 in a technical correction with analysts pointing at some factors suggesting short-term support.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper price down in quiet market

Copper prices on the London Metal Exchange were down on Monday December 23 with investors away for year-end holidays and lack of significant drivers after the market priced in the US Federal Reserve’s tapering announcement last week.

First SHFE night market sees 158,900 lots traded

A total of 158,900 lots of metals were traded on the Shanghai Futures Exchange during its first show of the night market for copper, aluminium, zinc and lead on Friday December 20.

Copper in 66,000-tonne deficit in Jan-Sep, ICSG says

The global refined copper market showed a 140,000-tonne deficit in September and a 66,000-tonne deficit for the first nine months of the year as production in China, Brazil and Africa soared, the International Copper Study Group (ICSG) said in a report.

Vale to continue investing in copper, nickel assets

Copper and nickel remain big bets for Vale as the Brazilian miner expects to increase its earnings from the base metals division.

Chilean court rejects SMA call to close Codelco’s Ventanas smelter

Chile's environmental court has rejected a request by public environment authority, SMA, for the temporary shutdown of Codelco’s Ventanas division.