January 2014

Pacorini, BTG Pactual approved at Owensboro Riverport

Pacorini Metals of Baltimore and BTG Pactual have been approved by the Owensboro Riverport Authority (ORA) in Kentucky for the storage of aluminium.

Norilsk Nickel production down slightly in 2013

Norilsk Nickel reported a 5% year-on-year decrease in its nickel production in 2013, following lower shipments of nickel semis from Boliden and Talvivaara to the Harjavalta nickel refinery in Finland and the mothballing of the Lake Johnston operations in Australia.

LME OFFICIALS: Base metals prices suffer 'lack of interest drift'

Base metals prices fell again during official trading on the London Metal Exchange on Friday January 31, on what an analyst described as “lack of interest drift”.

Vedanta fiscal Q3 zinc earnings drop as Skorpion tank failure hurts output

Vedanta Resources saw a 10% drop in earnings from its zinc business in its fiscal third quarter, after a tank failure at the Skorpion refinery in Namibia offset higher production and earnings from its assets in India.

UK, European 18/8 stainless scrap solids prices slip on falling nickel costs

Prices for 18/8 stainless steel scrap solids in the UK dropped this week as the cost of nickel began to fall on the London Metal Exchange.

Canada's Nevsun targets copper output, zinc expansion for 2014

Nevsun Resources plans substantially to increase copper concentrate production from its mine Eritrea in 2014, allowing the company to focus fully on copper production.

CLOSE TO CLOSE: Base metals prices lose further ground in LME kerb

Base metals prices were down again during the closing session on the London Metal Exchange on Thursday January 30, as they continued to digest the effects of US tapering of economic stimulus, and the Chinese New Year holiday began.

Tin production growth limited up to 2016 – BNP Paribas

Production growth in the tin market in likely to be limited until at least 2016, Stephen Briggs, senior metals strategist at BNP Paribas, said in a note on Thursday January 30.

Tin prices will rise in 2014 – BNP Paribas

Tin prices could hit $25,000 per tonne in 2014, according to Stephen Briggs of BNP Paribas.

Al billet producers offering at P1020 up-charge to maintain margins

Aluminium billet is being offered in Europe at an up-charge to P1020 aluminium premiums, rather than at independent billet premiums, to protect producer margins during an unprecedented spike in premium levels.