November 2018

Trafigura strengthens grip on Nyrstar's Port Pirie with liquidity bridging loan deal

Trafigura’s rescue package for Nyrstar comes at a price, with the trader taking greater ownership of one of the world’s largest zinc smelter's prized assets in return for helping it bridge a nine-day liquidity crunch.

LIVE FUTURES REPORT 21/11: Comex copper stages modest recovery ahead of Thanksgiving

Comex copper prices bounced back during the midweek trading session with a softer dollar and technical support boosting the red metal.

South Korea’s PPS seeks 1,000 tonnes of high-grade zinc

South Korea’s Public Procurement Service (PPS) is seeking to procure 1,000 tonnes of special high-grade zinc, according to a notice posted on the state-owned stockpiling agency’s website on Tuesday November 20.

LIVE FUTURES REPORT 21/11: LME base metals prices gather momentum despite US-Sino trade rift; Al pushes higher on 10,000t rewarranting

Base metals on the London Metal Exchange were all higher during morning trading on Wednesday November 21, with risk-averse investors capitalizing on lower prices earlier in the week amid a slight downturn in the US dollar and continued uncertainty over US-China trade relations.

Trafigura grants Nyrstar $650mln committed working capital facility

Nyrstar will receive a $650 million committed working capital facility from its main shareholder, trading house Trafigura, the company said on Wednesday November 21.

SHFE vs LME physical arbitrage 21/11: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 21 *

METALS MORNING VIEW 21/11: Metals prices firmer after shaking off broader market weakness

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.4% this morning, Wednesday November 21.

LIVE FUTURES REPORT 21/11: SHFE base metals prices under pressure from rising risk-off sentiment

Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday November 21 amid a rise in risk-off sentiment stemming from weakness in global equity markets and a collapse in oil prices.

WEEKLY BASE METAL PREMIUMS REPORT 20/11

A summary of base metals premiums from across the globe for the week to Tuesday November 20.

LIVE FUTURES REPORT 20/11: LME base metals prices drift lower amid crude oil slump

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday November 20, with broad risk-off sentiment emerging across global commodity markets amid continued trade tensions and a fresh one-year low in oil futures.