April 2018

LIVE FUTURES REPORT 30/04: LME nickel price drops 1.5%; aluminium climbs

Base metals on the London Metal Exchange were mixed at the close of trading on Monday April 30, with nickel dropping 1.5% from Friday.

PRICING NOTICE: Correction to daily fob Australia alumina index

Due to a technical error, an incorrect figure briefly appeared in the price book for the Metal Bulletin Group’s daily fob Australia alumina index on Monday April 30.

Copper substitution records sixth consecutive annual decline – ICA

Net substitution of copper in 2017 fell for the sixth year in a row to 225,000 tonnes, down from 245,000 tonnes the previous year, according to figures released by the International Copper Association (ICA) on Monday April 30.

LIVE FUTURES REPORT 30/04: Comex copper stages modest recovery after Friday sell-off

Comex copper prices bounced-back from a multi-week low on Monday April 30 morning in the US, with investors preventing another wave of selling despite the dollar climbing once again.

NORTH AMERICAN MORNING BRIEF 30/04: LME base metals firm; PPS to buy 2,000 t of good western Ali; Gertler sues Glencore for $3bln over DRC copper-cobalt mining asset royalties

The latest metal markets news and price moves to start the North American day on Monday April 30.

LIVE FUTURES REPORT 30/04: LME base metals remain firm; zinc price rebounds

Base metals prices on the London Metal Exchange were mixed during morning trading on Monday April 30, with aluminium and nickel continuing to dip from recent highs.

METALS MORNING VIEW 30/04: Quiet start to the week with China on holiday

Base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday April 30. Lead, zinc, tin and copper were slightly firmer, with the latter at $6,815 per tonne, while aluminium and nickel were slightly weaker.

South Korea’s PPS to buy 2,000 tonnes of good western aluminium

South Korea’s Public Procurement Service (PPS) has floated two tenders to procure a total of 2,000 tonnes of good western primary aluminium, according to notices from the state agency on Friday April 27.

Gertler sues Glencore for $3bln over DRC copper-cobalt mining asset royalties

Israeli businessman and Democratic Republic of the Congo (DRC) mining magnate Dan Gertler is suing former partner Glencore for just shy of $3 billion in unpaid royalties, Glencore said late on Friday April 27.

EUROPEAN MORNING BRIEF 30/04: SHFE closed for holidays; LME base metals prices up except for nickel; copper market to rebound in 2018, ICSG says

Good morning from Metal Bulletin’s office in Singapore as we bring you the latest news and pricing stories on Monday April 30.