June 2017

LIVE FUTURES REPORT 30/06: LME base metals end slightly higher bar lead; copper extends rally

Base metals prices ended the trading week on the London Metal Exchange on a positive note on Friday June 30, with copper leading the charge.

Vale’s ceo says New Caledonia nickel operation has to be shut down, according to Citi

Vale ceo Fabio Schvartsman reportedly said during an event this week that the company’s loss-making New Caledonia nickel operation (VNC) will have to be shut down.

LIVE FUTURES REPORT 30/06: Comex copper extends rally into holiday weekend

Comex copper prices were once again trading in positive territory, thanks to solid US data and an improved Chinese outlook.

Peru to launch package to support trade

Peru’s government will launch new measures next month that aim to facilitate international trade and boost exports.

NON-FERROUS WEEK IN BRIEF: LME zinc stocks; Noble warehousing; nickel fraud; bauxite exports; Luming outage; antimony prices

Metal Bulletin rounds up some of the key news and price moves from the past five days in the metals markets.

BHP's Escondida copper mine posts Q1 loss hit by 44-day strike

Chile’s Escondida copper mine swung to a loss of $184 million for the first quarter of 2017, which it attributed largely to a 44-day legal strike that slashed production over that period.

Problems continue at some key Maersk ports after cyber attack

Most of the port terminals operated by transport and logistics group AP Moller-Maersk are running close to normal again following a cyber attack this week, although some – including Rotterdam, New Jersey and Los Angeles – are still experiencing problems.

Copper TC/RCs stay above $80/8 cents; availability tightens

Spot copper concentrates treatment and refining charges (TC/RCs) kept stable during the second half of June as limited spot cargoes were available. All eyes are on continuing disruptions at Grasberg and the major Chinese copper smelters this week.

Glencore to supply 4,000t of aluminium to South Korea’s PPS

South Korea’s Public Procurement Service (PPS) has awarded two aluminium tenders of 2,000 tonnes each to Glencore International, the state agency said on Friday June 30.

NORTH AMERICAN MORNING BRIEF 30/06: LME base metals dip; PT Antam shipment to China; SHFE zinc stocks fall

The latest metals market news and price moves for the start of the North American day on Friday June 30.