March 2015

ASIAN MORNING BRIEF: Key news and moves on Wednesday April 1

Key news and price moves to get you off to a good start during the Asian morning on April 1.

COMMENT: Floods in Chile’s arid north could hit SX-EW operations hardest

By the end of last week, the torrential rain that started surging through northern Chile on Tuesday was moving northeast into the Amazon basin, away from the global heartland of the copper mining industry.

Copper revenues down at Norilsk on falling realised prices

Russian metals producer Norilsk Nickel saw a decline in copper revenues of 7% year-on-year in 2014, on falling realised copper prices and lower sales volumes.

LME OFFICIALS: Copper gives up gains

Copper prices fell back on the London Metal Exchange on Tuesday March 31, after gaining in a weak market in Monday’s trade.

Norilsk sees nickel prices firming, supply deficit in 2015

Russian metals producer Norilsk Nickel believes the LME nickel price is “bottoming out” and is bullish on the alloying metal as the Indonesian government has said it is committed to keeping its ore export ban in place.

Norilsk posts near-tripling of net profit in 2014

Russian metals producer Norilsk Nickel has posted net profits for 2014 almost three times higher than it made in 2013, on higher average realised nickel prices and a “substantial reduction of cash operating costs”, as well as stronger revenues.

ASIAN PRICE WRAP: Copper pulls back as dollar strength, financing demand weigh

Copper prices went lower in Asian trading hours on Tuesday March 31, as the US dollar strengthened and diminishing financing appetite weighed on the market.

China NPI prices fall as plunges in nickel prices sideline stainless mills

China’s nickel pig iron (NPI) prices fell sharply this week, after the plunge in nickel prices put stainless mills off purchasing raw materials.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

EUROPEAN MORNING BRIEF: Key stories on March 31

Good morning from Metal Bulletin’s offices in Asia. Here is a summary of news to start your day…