June 2018

Zorba supply overhang stings US aluminium scrap market

Zorba suppliers in the United States are pounding the pavement in search of new outlets, with evaporating demand from China creating a supply overhang that is beginning to erode some domestic secondary aluminium scrap prices.

VIDEO: Trade worries sink copper to 11-month low

Correspondent Dalton Barker recaps the week in the non-ferrous markets.

NON-FERROUS WEEK IN BRIEF: Aluminium premiums; copper TC/RCs; WWS closure; FeCr benchmark; SiMn rally; cobalt decline

Metal Bulletin rounds up some of the key news and price moves from the past week in the world’s metal markets.

BATTERY RAW MATERIALS MARKET REPORT 29/06: Cobalt prices nudge below $40/lb amid weak demand

An overview of the battery raw materials markets and their price moves from the past week.

Growing backwardation on LME aluminium contracts hits US P1020 premium

The Midwest aluminium premium in the United States logged a second consecutive drop, with market participants pointing to the growing backwardation of aluminium prices on the London Metal Exchange as the primary driver.

LIVE FUTURES REPORT 29/06: LME zinc falls 1.5%; nickel, tin prices edge higher

Base metals on the London Metal Exchange were mostly higher at the close of trading on Friday June 29, ending the week on a slightly brighter note despite broad pressure from trade tensions and dollar strength.

June zinc concentrate terms rise to 2018-high; lead concs edge up on Chinese capacity cut

Zinc concentrate treatment charges (TC) rose to their highest level so far this year at the end of June on a cif Asia Pacific basis, while the head of the Chinese zinc association has called for a 10% cut in national production to support zinc prices and TCs.

FOCUS: Producers see nickel investment levels on horizon; volatility persists

Nickel prices on the London Metal Exchange have been volatile throughout June, with macroeconomic-driven price dips clouding investor sentiment.

European 226 market continues summer drop in line with generally lower sentiment for aluminium

Secondary aluminium prices were down around 1.6% from a week earlier on Friday June 29, a symptom of bearish sentiment swirling around the entire aluminium market.

PEOPLE MOVES: Top base metals managers to leave Castleton Commodities

Three of the most senior base metals managers of Castleton Commodities International (CCI) will leave by the end of year, even though the trading book created three years ago has made money, Metal Bulletin understands.