April 2014

CLOSE TO CLOSE: Nickel prices defy nervous LME kerb trading

Nickel prices clawed back some recent losses in kerb trading on the London Metal Exchange on Wednesday April 30, surviving risk aversion elsewhere thanks to Indonesia’s ore export ban and the prospect of Russian supply constraints.

Copper concentrates index steady as market waits for Indonesia export restart

The Metal Bulletin copper concentrates index was broadly stable on Wednesday April 30, as market participants awaited firm news regarding the restart of exports from Indonesia.

Hydro’s income kicks higher in Q1

Norsk Hydro posted net income of NOK 462 million (77 million) in the first quarter of 2014, from NOK 263 million a year ago – an increase of 76%.

Trade log April 2014: Aluminium

The latest aluminium transactions and assessments, for the month commencing April 1. All prices are per tonne and relate to in-warehouse premiums, unless otherwise stated.

Nyrstar on track with metals output in Q1 but warns of currency risks

Nyrstar was on track to achieve full-year metals production targets in the first quarter, but warned that a recent rally in the euro could hurt profitability if sustained.

Spread log April 2014: Aluminium

The European aluminium spread log

LME OFFICIALS: Base metals prices subdued in risk-averse trading

Base metals prices were subdued in official trading on the London Metal Exchange on Wednesday April 30, as poor economic data and weak Chinese equities weighed on the market.

METAL BULLETIN DAILY PDFs

There will be no Metal Bulletin Daily PDF on Tuesday May 6, because of the UK national holiday on Monday May 5.

PRICING NOTICE: USA in-whs daily base metal premiums

Metal Bulletin proposes to discontinue the USA in-warehouse daily base metal premiums for aluminium, copper and zinc from June 19.

Antofagasta copper production slips 7.4% in Q1

Antofagasta’s copper production dropped by 7.4% quarter-on-quarter in the first three months of 2014 as a result of maintenance at Los Pelambres and Esperanza.