September 2017

LIVE FUTURES REPORT 27/09: SHFE base metals prices mostly lower as consolidation sets in; nickel bucks trend

Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly lower during the Asian morning trading session on Wednesday September 27 as consolidation set in following the rally seen earlier in the week.

BRAZIL ALUMINIUM SNAPSHOT: P1020 premiums move up on rising US, Rotterdam premiums

Key data from the Tuesday September 26 pricing session in São Paulo.

MRN considers declaring force majeure, reviews bauxite production guidance

Brazil’s largest bauxite producer Mineração Rio do Norte (MRN) has said that it is considering the possibility of declaring force majeure, a day after its client and shareholder Hydro issued a force majeure notice to customers citing production problems at MRN.

Brazil revokes decree opening vast protected Amazon region to mining

The Brazilian government has revoked a controversial decree that would have opened a vast conservation area in the Amazon region to commercial mining.

MB INTL ALUMINIUM CONF: Banks pulling out of financing metal in South Korea as tensions increase, sources claim

Several banks are pulling out of financing stocks of aluminium and copper in South Korea, sources with direct knowledge of the matter have told Metal Bulletin.

LIVE FUTURES REPORT 26/09: LME copper prices dip; zinc continues to climb higher

The three-month copper price on the London Metal Exchange declined at the close for the fifth consecutive session today, Tuesday 26 September, amid further technical selling and a strengthened dollar.

Brazil’s Paranapanema concludes financial restructuring; focuses on fully resuming ops

Paranapanema has concluded its financial restructuring process and will now focus on fully resuming its 280,000 tpy operations, the Brazilian copper products producer said late on Monday September 25.

Q4 MJP aluminium talks continue in Bahrain; no firm offers from two producers

Fourth-quarter cif main Japanese port (MJP) aluminium premiums talks continue in Bahrain this week where industry participants have gathered for Metal Bulletin’s 32nd International Aluminium conference.

PEOPLE MOVES: Matthew Forgham retires from metals industry

Matthew Forgham is leaving Macquarie Bank in late October and retiring from the metals industry after 25 years, Metal Bulletin has learned.

LIVE FUTURES REPORT 26/09: Downturn in Comex copper prices continues unabated; dollar rises

Comex copper prices extended the latest rout in US morning trading on Tuesday September 26 with prices hitting a six-week low amid further technical selling.