September 2017

LIVE FUTURES REPORT 28/09: LME base metals price mostly strengthen, copper gains more than 1%

Base metals prices on the London Metal Exchange mostly ended higher on Thursday September 28, with copper climbing by more than $80 per tonne.

Louis Dreyfus fully ring-fences metals unit, ‘significantly’ lifts sales in H1

Commodities trader Louis Dreyfus Co has "fully ring-fenced" its metals division ahead of a potential sale, while also growing volumes in the first half of 2017, it said on Thursday September 28.

LIVE FUTURES REPORT 28/09: Comex copper extends recovery; US data impresses

Comex copper prices maintained their latest recovery, with solid US data and a weakened dollar combining to aid the complex.

Delphi Derivatives becomes appointed representative for LME ring-dealer member AMT

Delphi Derivatives will become an appointed representative of London Metal Exchange ring-dealing member AMT from October 2 this year, it said.

PRICING NOTICE: Discontinuation of Eurobat Industrial battery premium

Discontinuation of Eurobat Industrial battery premium

FOCUS: China cuts copper scrap import licences, quotas

China is already enforcing some restrictions on copper imports, cutting quotas and limiting the number of licences in some regions of the country, sources told Metal Bulletin, although a full ban on scrap copper imports had not yet been confirmed.

MB ASIAN NICKEL CONF: No laterite ore shortage in China in 2017 despite Philippines mine suspensions – Nickel Asia

Laterite ore exports from the Philippines to China will increase due to the start-up of a new mine, adding to the oversupply in China’s nickel pig iron (NPI) sector and dispelling any fears of a shortage, Nickel Asia head of marketing and procurement Koichi Ishihara said.

MB ASIAN NICKEL CONF: PT VDNI will implement 2-phase NPI, stainless steel production plan

PT Virtue Dragon Nickel Industry (VDNI) in Indonesia unveiled a two-phase plan to increase nickel pig iron (NPI) output and begin producing stainless steel through the adoption of additional rotary kiln electric furnaces (RKEFs) at Metal Bulletin’s 5th Asian Nickel conference in Jakarta.

NORTH AMERICAN MORNING BRIEF 28/09: Spanish tungsten mine starts up; PPS Al tenders; Cobalt prices rally

The latest metal markets news and price moves for the start of the North American day on Thursday September 28.

South Korea's PPS awards zinc tender at lower premium than previous deal

South Korea’s Public Procurement Service (PPS) awarded a 1,000-tonne zinc tender at a premium of $163.50 per tonne to STX Corp, lower than the premium it awarded for a tender in early September.