June 2015

COMMENT: Nickel price plunge highlights wildly different fundamental views

Nickel prices were today hovering at their lowest level since 2009, having been weighed down for months by surging London Metal Exchange stocks of the soldering metal and poor demand indicators. But outlooks are diverging.

Rolling LME/SHFE price report 30/06: Base metals prices under pressure across LME complex

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on Tuesday June 30. This article will be updated throughout the day with the latest on prices, comments, economic data and analysis.

Copper TC/RCs fall further as traders jostle to win clean cargoes

The Metal Bulletin Copper Concentrates Index dropped to its lowest level in 22 months on June 30 as heavy competition for clean cargoes among merchants continued.

HOTTER ON METALS: Greece - will they pay or will they go now?

The “will they pay or will they go now?” question that has been agitating financial markets for months has only been partially answered by Greece’s decision not to pay the International Monetary Fund (IMF).

LEAD SNAPSHOT: Premiums hold as demand loosens

Key data from June 30 pricing session.

Alcoa will permanently close Poços de Caldas aluminium smelter

Alcoa will permanently close its Poços de Caldas primary aluminium smelter in Brazil on June 30, removing 96,000 tpy of its smelting capacity.

Aurubis will take recycling business into copper products unit

German copper producer Aurubis's new organisational structure will improve the integration of its recycling business and align the company with its customers and markets, the company said on June 30.

What a Greek Eurozone exit means for aluminium producers

As Greece edges closer to defaulting on 1.6 billion euros of loans from the International Monetary Fund, Metal Bulletin’s Jethro Wookey considers whether the country’s aluminium producers and converters could benefit from a Eurozone exit.

NORTH AMERICAN MORNING BRIEF: Key news so far on Tuesday June 30

The latest news stories from the metals markets to start the day in North America on June 30.

Nickel prices drop in Asian trading on weak fundamentals

A wave of supply is anticipated to hit China following the listing of Russia’s Norilsk brand on the Shanghai Futures Exchange, with poor fundamentals likely to keep prices in check for the rest of the year, market participants said on Tuesday June 30.