July 2017

Wolf Minerals’ tungsten concentrate production rises 15% in Q2

Production of tungsten concentrates at Wolf Minerals’ Drakelands mine in the south-west of the UK increased by 15% in the second quarter, compared with the previous quarter.

LIVE FUTURES REPORT 31/07: LME base metals close higher; copper, nickel rallies slow down

Base metals prices on the London Metal Exchange closed higher this afternoon, Monday July 31, despite last week’s rallies losing some steam.

Umicore records strong revenues in H1 on electric vehicle demand

Umicore’s revenues excluding discontinued operations were up by 13% in the first half of the year, while recurring Ebit was up by 26%, the company said today.

Repairs push down nickel production at Norilsk Nickel

Norilsk Nickel has reported a slight decline in nickel production for the second quarter of 2017, despite production for copper, palladium and platinum all rising.

FOCUS: Zinc price rises erode galvanizers’ profit; buyers mull switching to alternatives

As zinc prices continue to march towards ten year highs, soaring costs have bitten into galvanizers’ profits and are pushing consumers to look for alternatives, sources told Metal Bulletin.

LIVE FUTURES REPORT 31/07: Copper carries momentum into fresh week

Comex copper prices touched a new high to begin the week amid positive Chinese data and continuing dollar weakness.

Indonesian NPI producer PT Indoferro ceases production

Indonesian Nickel Pig Iron (NPI) producer PT Indoferro has stopped production and laid off 1,000 employees on July 20, Metal Bulletin has learnt.

Shandong Xinfa halts 530kt of aluminium capacity

Shandong Xinfa Group has removed a total of 530,500 tpy aluminium capacity, the local Chiping county government said on Monday July 31.

NORTH AMERICAN MORNING BRIEF 31/07: LME copper rally continues; Constellium seeks to build aero, auto share; economics driving EV mass-market adoption

The latest metal markets news and price moves for the start of the North American day on Monday July 31.

SHFE vs LME physical arbitrage 31/07: Copper, aluminium, zinc, nickel

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