September 2018

Antofagasta set to begin molybdenum extraction at Minera Centinela

Copper mining group Antofagasta Minerals will start to extract molybdenum at its Centinela Mine in Chile from next year, with production ramping up to 2.000 tonnes in 2019, the company announced earlier this month.

NON-FERROUS WEEK IN BRIEF: Ferro-vanadium price rally; US tariffs on minor metals; alumina prices; South Korea tender for copper; global manganese wrap

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

LIVE FUTURES REPORT 21/09: Base metals end week in strong rally; copper price hits two-month high

The London Metal Exchange three-month copper price ended more than 4% higher on Friday 21 September, with the rest of the complex also rallying.

LIVE FUTURES REPORT 21/09: Comex copper price jumps to 7-week high

Comex copper prices surged to their highest values since early August on Friday September 21 amid signs of a sustained global deficit and improved outlook for market fundamentals.

CSPT smelters set Q4 copper TC/RC price at above $90/9c; benchmark talk kicks off – sources

The 10 biggest copper smelters in China set the fourth-quarter base price for treatment charges and refining charges (TC/RCs) at $90 per tonne /9 cents per lb on Friday September 21, sources with direct knowledge of the matter told Metal Bulletin.

NORTH AMERICAN MORNING BRIEF 21/09: SHFE copper stock down 18%; lithium trade log; Rio Tinto launches e-tender platform

The latest metal markets news and price moves to start the North American day on Friday September 21.

SHFE vs LME physical arbitrage 21/09: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday September 21*

LIVE FUTURES REPORT 21/09: LME base metals rally higher; copper up 2%

Base metals prices on the London Metal Exchange were trading higher across the board on Friday September 21, with copper leading the way.

SHFE STOCKS REPORT 21/09: SHFE base metals stocks all down w-o-w; copper inventories slide 17.5%

Base metals stocks at Shanghai Futures Exchange-listed warehouses were broadly down on Friday September 21 compared with a week earlier, with copper stocks declining almost 18%.

METALS MORNING VIEW 21/09: Metals see follow-through buying, weaker dollar providing support

Three-month base metals prices on the London Metal Exchange were once again higher across the board by an average of 0.5% on the morning of Friday September 21. This follows Thursday’s generally bullish performance that saw the base metals complex close with gains averaging 0.7%.