March 2014

CLOSE TO CLOSE: China concerns knock copper prices

Copper prices surrendered some recent gains in kerb trading on the London Metal Exchange on Monday March 31, as economic concerns over China continued to weigh on sentiment.

Brazilian market surprised by Alcoa’s curtailment announcement

Brazil’s aluminium sector reacted with surprise at Alcoa’s announcement on Friday that it will curtail 147,000 tpy of metal production in the country, Metal Bulletin understands.

Metal Bulletin now accepting aluminium award nominations

Metal Bulletin is now accepting nominations for the second Global Aluminium Excellence Awards, to be presented during the 29th International Aluminium Conference in Abu Dhabi in September.

Copper TC/RCs rise as Jinchuan outage, negative arb weaken Chinese market

The Metal Bulletin copper concentrates index rose in the second half of March, as an outage at Jinchuan’s 400,000-tpy smelter in Gansu province weakened concentrates demand in China.

European Al premiums hold fast against chorus of higher offers

European aluminium premiums have not leapt higher in response to last week’s UK high court ruling against the London Metal Exchange, as consumers reveal a more cautious buying strategy this year.

Sanctions survey: Most companies struggle with US regulatory guidance

Legitimate trading is being hindered by a lack of clarity around sanctions, a law firm warned as a survey revealed that 70% of companies find guidance from US regulators moderately or completely unclear.

What did we learn at MB’s 6th World Lead Conference?

High-silver lead concentrate tightness, battery scrap supply and competition in the battery industry were among the main talking points at Metal Bulletin’s 6th World Lead Conference last week. Here are some of the things we learned.

Chinese smelter SKS's copper-gold project plans first copper conc buys

Hunan Shuikoushan Nonferrous Metal Group’s (SKS’s) copper-gold project is starting to plan its copper concentrates purchasing, a member of the buying team told Metal Bulletin.

LME needs to make sure market stays transparent – Rusal

Any solution for long London Metal Exchange warehouse queues should ensure the market is transparent and easy to read, according to Steve Hodgson, director of sales and marketing at Rusal.

Spread log March 2014: Aluminium

The European aluminium spread log