September 2012

China's zinc premiums edge upwards to $115 per tonne

Zinc premiums in Shanghai edges up by 1.5% to $115 per tonne last week, although trading was thin ahead of China’s week-long National Day holidays.

European stainless base prices could go up on rising nickel

European producers of grade-304 stainless steel products believe higher nickel prices could drive positive sentiment and push up base prices, market sources told Steel First on Friday September 28.

Colombian government extends BHP Billiton Cerro Matoso concession negotiations for three months

Colombian government announced the extension of negotiations with BHP Billiton´s ferro-nickel subsidiary Cerro Matoso for another three months in order to decide about new mine concession conditions.

European stainless base prices could go up on rising nickel

European producers of grade-304 stainless steel products believe higher nickel prices could drive positive sentiment and push up base prices, market sources told Steel First on Friday September 28.

Stainless alloy surcharges in Europe up on higher nickel prices

European stainless steel producers have raised their alloy surcharges for October on higher nickel prices during September.

MB AFRICAN COPPER III: Vedanta's KCM considers venturing into DRC

Vedanta Resources’ Konkola Copper Mines (KCM) is considering venturing into Democratic Republic of Congo (DRC), in a bid to consolidate its position as a major copper producer in the African copperbelt.

LME copper moves into backwardation amid talk of long-short struggle, warrant play

The front end of the copper price curve moved into a clear backwardation on the London Metal Exchange on Friday September 28, as sources reported strong volumes traded on the October-November spread.

MEIR ON METALS: Metals push slightly higher in face of grim macro data

Analyst Ed Meir looks at what is moving the metal markets on Friday September 28.

Norilsk will merge Asian offices

Norilsk Nickel plans to merge its Asian offices by focusing its Asian marketing on its Singapore office and closing Shanghai and Beijing, Metal Bulletin understands.

MB AFRICAN COPPER III: CMSK offtake discussions continuing – Gécamines ceo

Gécamines is still considering who will receive the offtake of concentrates from the Compagnie Miniere du Sud Katanga (CMSK) Luiswishi copper and cobalt mine in the Democratic Republic of Congo (DRC), ceo Kalej N’Kand has confirmed to Metal Bulletin.