January 2018

LIVE FUTURES REPORT 31/01: Soft dollar continues to support LME base metals; zinc, lead looking strong

Base metals prices on the London Metal Exchange closed in positive territory across the board on Wednesday January 31, supported by dollar weakness.

GFG Alliance granted planning permission for new wheel factory next to Fort William aluminium smelter

GFG Alliance has been granted full planning permission for a new 400-worker alloy wheel factory next to the Liberty British Aluminium smelter at Fort William, Scotland, the company said.

Century zinc mine on track to restart in July 2018

The Century zinc mine, the world’s third largest prior to its 2016 closure, is on track to restart production in late July and generate up to 264,000 tonnes per year of zinc.

Drop in Norilsk Nickel FY output supports high long-term contract premium offer to Chinese buyers

An 8% year-on-year drop in Norilsk Nickel’s 2017 full-year nickel output pushed up the nickel full-plate premium cif China in the third quarter of 2017 and encouraged Norilsk to offer a historically high long-contract nickel premium of $300-320 per tonne to Chinese trading firms for 2018.

GLOBAL TIN WRAP: Premiums on hold for Indonesian export restart, low-lead tin market at 4-year high

Tin premiums for standard material were stable globally in the week ended Tuesday January 30 but the market is looking hungrier for Indonesian material and keenly awaiting exports to resume as expected in the coming days.

German metals industry affected by strikes, expects 'significant revenue loss’

The German metals sector is being hit with a number of day-long strikes this week while negotiations over pay between employers and trade union IG Metall continue, Metal Bulletin heard on Wednesday January 31.

LIVE FUTURES REPORT 31/01: Comex copper price surges in midweek session

Comex copper prices bounced back on Wednesday January 31 after a multi-session downturn with a softening dollar lifting the metals complex.

GLOBAL NICKEL WRAP: Global premiums largely stable amid surge in LME price

Premiums in global locations were largely steady, bar Metal Bulletin’s European briquette premiums which were slightly lower due to more availability.

LIVE FUTURES REPORT 31/01: LME base metals prices rebound; nickel’s choppy trading continues

Base metals prices on the London Metal Exchange were back in positive territory across the board during morning trading on Wednesday January 31, with the complex recovering from recent price weakness.

INTERVIEW: Nickel could be 2018’s star metal; zinc set for a tough H2 – ABN Amro’s Burgering

Casper Burgering of ABN Amro, which topped the table for the Apex 2017 overall base metals sector with an accuracy rating of 96.4%, is optimistic for base metals in the first half of this year.