July 2015

WEEK IN BRIEF: SRB revealed; TC/RCs fall; alumina index drops; SiMn oversupply

Charlotte Radford takes a look at some of the key metal market news stories and price moves from the past week.

Copper TC/RCs inch lower as disruptions, weak metal prices stoke supply concerns

Treatment and refining charges (TC/RCs) fell moderately in the second half of July as a string of supply disruptions and a drop in copper prices on the London Metal Exchange reignited concerns about supply.

Rolling LME/SHFE price report 31/07: Metals trade sideways as dollar drop offsets China equity fears

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on Wednesday July 31.

Showa Denko sees higher aluminium product sales in H1

Japan’s Showa Denko saw sales from its aluminium business rise 9% year-on-year in the first half of 2015 on higher sales of rolled products and aluminium cans.

NORTH AMERICAN MORNING BRIEF: Key metal news and prices on July 31

The latest metal news and price moves for a great start to the day in North America on Friday July 31.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China on Friday July 31*

EUROPEAN MORNING BRIEF: Key metal news and price updates on Friday July 31

Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Friday July 31.

SRB REVEALED: Shedding light on China's State Reserve Bureau in the copper market

In the first 50 years of its history, China’s State Reserve Bureau was able to fulfil its vital but mundane role of stockpiling critical raw materials such as copper discreetly and without attracting much attention outside of the markets it bought from.

SRB REVEALED: The story of China's most notorious copper trader, Liu Qibing

Liu Qibing, an executive at China’s State Regulation Center of Supplies Reserve (SRCSR), shorted copper back in 2005. When his position fell apart, he was termed a rogue trader by Beijing and later disappeared. Andrea Hotter looks back at events that have shaped the copper market and its interest in China's stockpiling agency.

Antofagasta will buy 50% stake at Barrick’s Zaldivar mine for $1bn

Miner Antofagasta will pay $1 billion to buy 50% interest in Barrick’s Zaldivar copper mine, the Chile-based group said on Thursday July 30.