March 2013

Shanghai copper ends Q1 5.7% lower amid concerns for Chinese and European economies

Shanghai Futures Exchange copper prices fell on Friday March 29, ending down 5.7% in the first quarter of 2013 amid heightened concerns for Chinese and European economies.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

Jinchuan Group targets 150,000T of nickel output in 2013

Jinchuan Group, China’s largest nickel producer plans to raise nickel output by 11% this year.

Codelco's copper sales revenues down 10.7% y-o-y in 2012

Codelco’s copper sales revenues fell by 10.7% year-on-year in 2012 on lower copper prices, higher costs and lower mined grades.

Orbite ships first high-purity alumina samples globally

Orbite Aluminae started shipping commercial samples of high-purity alumina (HPA) this week from its new plant in Cap-Chat, Quebec, to customers in North America, Asia and Europe, the Montreal-based company said.

Zinc alloy premiums fall on declining LME prices

Declining London Metal Exchange zinc prices have pushed US zinc alloy premiums down this week, although special-high-grade premiums remain firm.

Spot nickel premiums recede to ten-year low

Melting-grade nickel spot premiums fell this week to their lowest level in more than a decade as an influx of nickel into London Metal Exchange-approved warehouses in Chicago exacerbated concerns over lacklustre demand and domestic oversupply.

PRICING NOTICE: UK Easter holiday will affect Metal Bulletin’s pricing reports

Due to the UK national holidays on Good Friday March 29 and Easter Monday April 1, no Metal Bulletin price assessments will be published on those dates. Prices will be updated from Tuesday April 2.

METAL BULLETIN DAILY PDFs

Daily PDFs will be downloadable until Friday March 29. After that, because of the UK’s Easter holiday, the next daily PDF will be downloadable on Wednesday April 3.

CLOSE TO CLOSE: Base metals slide as LME closes for Easter

Base metals prices slipped still lower during the kerb session on the London Metal Exchange on Thursday March 28, as the market closed for the European Easter holiday.