October 2015

WEEK IN BRIEF: LME copper withdrawal; Codelco capex cuts; aluminium premiums rise; nickel blending; manganese ore price falls; Noble-IFM court action

Charlotte Radford takes a look back at some of the key news and price moves from the past five days in the metals markets.

Chile’s Codelco cuts 350 supervisors’ jobs to reduce costs

Chilean state-owned miner Codelco announced the layoff of 350 management staff on Thursday October 29, as it seeks to cut costs amid the copper price slump.

Aluminium cancellations could push Pacorini into QBRC at Vlissingen

A series of aluminium cancellations in Vlissingen this week could require Pacorini Metals to give reduced or free rent, calculations based on London Metal Exchange data show.

Rolling LME/SHFE price report 30/10: Losses for complex on the week

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on October 30.

HOTLINE: The Bunhill Metal Exchange…

Away from the discussions of Glencore cuts, Noble traders leaving to set up Concord and China’s “one-belt, one-road” programme during London Metals Week, there was some idle chatter about the LME’s planned move next year.

Copper TC/RCs hit year-to-date high as traders, miners offload concs

Treatment and refining charges for copper concentrates hit the highest levels seen this year in the last two weeks of October as miners and traders both looked to destock ahead of the year-end.

Brazil's Paranapanema seeks to consolidate copper exports strategy amid domestic crisis

Brazilian copper producer Paranapanema will continue to consolidate its export strategy in 2016 as domestic demand shows no sign of recovery, a company executive has said.

Trade log October 2015: Aluminium

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

BRAZIL ALUMINIUM SNAPSHOT: Domestic premiums unchanged on high stocks, slow demand

Key data from the October 29 pricing session.

Metal Bulletin will host aluminium premiums webinar on November 3

Metal Bulletin will host a webinar to discuss its aluminium premiums and explain its premium assessment methodology on November 3.