August 2014

Copper concentrates market adjusting to Grasberg restart; TC/RCs stabilise

Treatment and refining charges (TC/RCs) for copper concentrates stabilised at high levels in the last two weeks of August, as market participants adjusted to the resumption of exports from the Grasberg mine in Indonesia.

WEEK-IN-BRIEF: LME court ruling; Ebola hits metal movement; Rusal; Chalco and much more

The news was coming in thick and fast as August drew to a close. Metal Bulletin's Deputy Editor Fleur Ritzema highlights some of the key stories from the past week.

Recylex halves losses on efficiency gains, low base comparison

Recylex almost halved its net loss in the first half of the year to €8 million ($10.6m), owing to a favourable base comparison and further efficiency gains at the Nordenham lead smelter, the France-based lead and zinc recycling group said on Thursday August 28.

Blackthorn, Intrepid merge to create Zambia-focused copper company

Zambian copper junior Blackthorn Resources is merging with fellow Australian-listed Intrepid Mines to create a copper company with Zambian assets, the companies announced on August 28.

LME OFFICIALS: Aluminium prices break through $2,100

Aluminium prices broke through $2,100 per tonne on a three-month basis during the official session on the London Metal Exchange on Friday August 29, supported by CTA buying and falling stocks.

EBOLA: Truck driver movements restricted between DRC and South Africa – Transport Assns

Truck drivers travelling between the Democratic Republic of Congo (DRC) and South Africa are being closely monitored, and future movements have been restricted, according to the Federation of East and Southern African Road Transport Assns.

Philex Mining gets final go-ahead to run Padcal copper-gold mine

Philippines-based copper-gold miner Philex Mining Corp has received the final go-ahead from the country’s Mines and Geosciences Bureau (MGB) to operate the Padcal mine, two years after operations were suspended following a tailings spill.

Shanghai copper price down as spot market remains weak

The Shanghai Futures Exchange (SHFE) copper price fell on Friday August 29, tracking a weak local spot market amid tight liquidity conditions.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

EUROPE MORNING BRIEF: Some news so far on Friday

Good morning from Metal Bulletin's Asia offices.