July 2018

Downward push continues to pressure US aluminium scrap market

Downward pressure continues to pervade the aluminium scrap market in the United States with no end in sight, with oversupply amplifying fears of further deterioration and sending some prices lower.

US copper cathode premium enters August at 4-year high

The US copper premium maintained its four-year high heading into August, but market participants warned that spot market demand is expected to be sparse until after the Labor Day weekend, when copper consumers will return to the market for annual contract talks.

US Midwest aluminium premium flat as market tests 21¢/lb

The US Midwest aluminium premium was flat to start this week, with market participants testing the willingness of buyers to pay a premium above 21 cents per lb.

WEEKLY BASE METAL PREMIUMS REPORT: 31/07

A summary of base metals premiums from across the globe for the week to Tuesday July 31.

VEDANTA AT A GLANCE: Q2 results show record aluminium production

Indian mining company Vedanta Resources on Tuesday July 31 announced its results for the quarter ended on June 30, revealing record aluminium production.

NORILSK AT A GLANCE: Q2 and H1 2018 production

A summary of Norilsk's second quarter and first half 2018 production results.

Mercuria exits EU aluminium sector as head trader Gundersen departs

The chief aluminium trader at Switzerland-based Mercuria, Erik Bay Gundersen, has left the company with his Europe-centred book being wound down, Metal Bulletin understands.

LIVE FUTURES REPORT 31/07: LME base metals edge higher on easing US-China trade relations; zinc climbs 2.6%

Base metals on the London Metal Exchange moved higher at the close of trading on Tuesday July 31, supported by easing trade relations between the United States and China amid broad stock drawdowns and a seasonal summer slowdown.

LIVE FUTURES REPORT 31/07: Comex copper sheds losses amid strike talk

Comex copper prices recovered after a three day downturn with talks of a strike at Escondida mine spurring the red metal higher.

PEOPLE MOVES: Grant Barratt joins ED&F Man in New York

Grant Barratt, former director of metal sales at ScotiaBank, has joined ED&F Man in New York, the company said.