March 2018

SHFE STOCKS REPORT 30/03: Lead stocks fall 12% w-o-w; aluminium inventories continue to climb

Deliverable lead stocks at Shanghai Futures Exchange-bonded warehouses decreased by 3,302 tonnes or 12.5% to 23,041 tonnes in the week ended Friday March 30. Inventories of the other base metals, with the exception of aluminium, were similarly lower.

EUROPEAN MORNING BRIEF 30/03: SHFE aluminium prices under pressure; copper concentrate TC/RCs trend lower; zinc, lead concentrates TCs rebound

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

LIVE FUTURES REPORT 30/03: SHFE base metals prices consolidate; aluminium succumbs to follow-through weakness

Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday March 30, tracking the decline seen on the London Metal Exchange on Thursday.

Zinc, lead concentrate TCs finally rebound; annual talks still ongoing

Zinc and lead concentrate treatment charges (TCs) rose in March, reflecting expectations of better supply and fewer smelter shorts in the market.

Copper concentrate TC/RCs continue trend lower in March despite supply boost

Copper concentrate treatment and refining charges (TC/RCs), ticked lower at the end of March, with traders continuing to bid lower for spot material and smelters re-adjusting bids to the downside.

Codelco achieves second highest copper output ever in 2017

Chilean state-owned miner Codelco achieved its second highest copper output ever in 2017, despite contending with a decline in ore grades, the company announced on Thursday March 30.

ASIAN MORNING BRIEF 30/03: Secondary aluminium market chaotic; mining labor talks could weigh on copper; EU steel safeguards may hurt distributors

The latest news and price moves to start the Asian day on Friday March 30.

LIVE FUTURES REPORT 29/03: Copper, nickel recover ahead of Easter break; Ali dives 1.4% on high stocks

Base metals prices on the London Metal Exchange were split into two camps at the close on Thursday March 29 ahead of the market shutting down for a long Easter weekend.

Blister copper RC climbs in March on high inventory, softer demand in China

Refining charges (RCs) for imported blister copper continued to climb in China in March on ample stocks and softened demand for refined copper.

International miners in DRC submit proposed amendments to mining code

Representatives of major international mining companies active in the Democratic Republic of Congo (DRC) have submitted a formal proposal to the country’s Ministry of Mines that they say is designed to address their concerns about the recently-revised mining code as well as the government’s revenue needs.