August 2018

US benchmark A380.1 alloy price yields to scrap stress

The US secondary aluminium alloy market’s benchmark A380.1 price has fallen to its lowest point since September 2017, but alloy producers have continued to resist pressure to discount offers, capitalizing on record-wide spreads between aluminium scrap and alloy prices.

LIVE FUTURES REPORT 31/08: LME base metals end the week in negative territory due to dollar; zinc down 3.7%

The London Metal Exchange three-month nickel price closed trading nearly 4% lower on Friday August 31, with the complex under pressure from the stronger dollar.

SHFE to start copper options trading on Sept 21

The Shanghai Futures Exchange has received the greenlight to start trading the long-awaited copper options on September 21, the China Securities Regulatory Commission (CSRC) said on Friday August 31.

NON-FERROUS WEEK IN BRIEF 31/08: Section 232; US lead-acid battery prices lower; Chinese silico-manganese production; antimony prices continue upward move

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.

BATTERY RAW MATERIALS MARKET REPORT 31/08: Lithium carbonate prices slide again amid ample supply

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

LIVE FUTURES REPORT 31/08: Comex copper remains under pressure before holiday weekend

Comex copper prices sank for the third consecutive session on Friday August 31 morning in the US, with ongoing fears of an escalating trade war and a stronger dollar applying pressure to the complex once again.

Venkatakrishnan takes over as Vedanta CEO amid restructure

Srinivasan Venkatakrishnan was to take up his duties as the new chief executive officer of Vedanta Resources on Friday August 31, replacing interim CEO Kuldip Kaura, according to a company statement issued on the same date.

NORTH AMERICAN MORNING BRIEF 31/08: LME zinc up 1.8%; SHFE copper stocks falling; China’s lithium carbonate prices lower

The latest news and price moves to start the North American day on Friday August 31.

SHFE vs LME physical arbitrage 31/08: Copper, aluminium, zinc, nickel

The arbitrage for copper, aluminium, zinc and nickel imported into China on Friday August 31*

SHFE STOCKS REPORT 31/08: Copper stocks fall nearly 6% w-o-w on arb opportunities

Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses dropped by 8,589 tonnes or 5.9% over the past week to 138,001 tonnes as of Friday August 31.