November 2015

Trafigura will close Galena Metals Fund; Letchford will leave

Trafigura’s fund management subsidiary is winding down its metals fund and its ceo is to leave, according to the Switzerland-based company.

Rolling LME/SHFE price report 30/11: Al, Cu, Zn down in official trading as cuts news fails to bolster prices

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

MB copper concs index falls on renewed trade bidding

The Metal Bulletin Copper Concentrates Index fell nearly 3% in the second half of November, as traders bid competitively on a tender for Escondida concentrates and the looseness in the trader-to-smelter market eased after a spate of year-end sales.

ALUMINA INDEX: Price slides to new low as buyers hold out for floor

Alumina prices continued to tumble last week, falling 5.7% as producers cut their offers in the hope of finding a home for cargo before the year-end.

Trade log November 2015: Aluminium

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

Spread log November 2015: Aluminium

The European aluminium spread log

SPOT ANALYSIS: Paid-unpaid Al premium spread maintained by split market dynamics

The spread between duty-paid and duty-unpaid aluminium premiums in Europe has narrowed in recent days, as market participants have begun to report generally higher levels on the unpaid side.

NORTH AMERICAN MORNING BRIEF: Key metal markets news so far on November 30

Key metal markets news and price moves to start the day in North America on November 30.

Konkola Copper Mines will mothball Nchanga underground copper ops after price drop

Konkola Copper Mines will mothball its unprofitable underground operations at the Nchanga mine in Zambia, in a move that is likely to cost about 2,500 contractor jobs, Metal Bulletin understands.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*