October 2019

MORNING VIEW: Some optimism on US-China trade talks provides support, but markets await concrete developments

There is some cautious optimism over United States-China trade negotiations after US President Donald Trump described the talks as “very, very good” and said he would meet Chinese Vice Premier Liu He in the White House on Friday October 11.

LIVE FUTURES REPORT 11/10: SHFE copper price up 0.5% on fresh optimism over US-China trade talks

Copper prices on the Shanghai Futures Exchange were up during the morning trading session on Friday October 11 following positive developments in trade negotiations between the United States and China overnight.

IN CASE YOU MISSED IT: 5 key stories from October 10

Here are five Fastmarkets MB stories you might have missed on Thursday October 10 that are worth another look.

LIVE FUTURES REPORT 10/10: LME zinc price nears $2,400 per tonne; copper gathers momentum

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Thursday October 10, nearing the $2,400 per tonne resistance level against a continued drawdown of LME stocks, while copper breached nearby resistance amid moderate turnover.

Vedanta to start four-month shutdown of Skorpion zinc refinery in November

Vedanta's Skorpion zinc refinery will shut for four months from November due to a lack of local concentrate feed, the company told Fastmarkets on Thursday October 10.

Copper cancellations increase queue for metal at Busan, Kaohsiung LME warehouses

The queue to remove metal from London Metal Exchange-approved warehouses operated by H&M Metal in Busan, South Korea rose to 30 days at the end of September, according to the latest LME data.

Buenaventura Q3 lead, zinc production falls; full-year guidance cut

A summary of Buenaventura’s lead, zinc and copper production results and sales volumes for the third quarter, ended on September 30.

Glasenberg's Glencore stake just shy of top holder Qatar, fresh buyback disclosures show

Switzerland-based miner-trader Glencore revealed on Thursday October 10 that chief executive officer Ivan Glasenberg holds an 8.3% shareholding in the company in its first disclosure of his stake since 2013.

PEOPLE MOVES: Cindy Guan joins TradeCloud as marketing executive

Cindy Guan has joined TradeCloud as a marketing executive to solidify its presence in China and South Korea, the company said on Monday September 30.

LIVE FUTURES REPORT 10/10: LME nickel price climbs 1.9% amid continued stock drawdown

The three-month nickel price on the London Metal Exchange pushed up during morning trading on Thursday October 10, climbing by nearly 2% amid an ongoing drawdown of LME inventories.