January 2018

METALS MORNING VIEW 30/01: Risk-off sweeps through the metals

Base metals prices on the London Metal Exchange are weaker across the board by an average of 0.9% this morning, Tuesday January 30.

Noble Group reaches restructuring deal, existing shareholders' stake to drop to 10%

Noble Group has agreed on a restructuring deal with a group of senior creditors that would halve its existing debt and leave current shareholders with 10% of the restructured company, according to a statement from Noble on Monday January 29.

EUROPEAN MORNING BRIEF 30/01: SHFE base metals prices correct; zinc miners try to halve annual concentrate TCs; European alloy steel surcharges rise sharply

Good morning from Metal Bulletin’s office in Shanghai, as we bring you the latest news and pricing stories on Tuesday January 30.

LIVE FUTURES REPORT 30/01: SHFE base metals prices correct after strong gains on Monday

Base metals prices on the Shanghai Futures Exchange were all weaker during Asian morning trading on Tuesday January 30, with a correction underway across the complex following a strong performance in the previous session.

Zinc miners try to halve annual conc TCs with 2018 market set for swings in supply

Zinc miners hope to halve the annual concentrate Treatment Charges (TCs) in initial offer prices to smelters this year, while the market prepares for what could be one of the most vibrantly contested negotiations for years.

LIVE FUTURES REPORT 29/01: Zinc leads LME in mixed session

Zinc was the best performer on the London Metal Exchange at the close on Monday January 29, while the other metals diverged.

EUROPE ALLOY STEEL SURCHARGE: February values rise on stronger nickel, moly costs

European alloy surcharges for February deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid higher nickel and molybdenum costs.

Zinc TCs sink to multiyear lows amid Chinese smelters' increase in Jan orders

Treatment charges (TCs) for spot market zinc concentrates dropped to multiyear lows while Chinese smelters re-entered the market for tonnages in January.

Chile's Codelco reaches wage deal with workers' unions at Andina mine

Codelco has reached an early wage deal with unionized workers at its Andina division, the Chilean copper producer said on Saturday January 27.

LORD COPPER: Metals traders can breathe a little easier on signs of economic recovery

There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy’s gradual emergence from the 2008 recession boding well for metal demand.