October 2015

WEEK IN BRIEF: LME copper withdrawal; Codelco capex cuts; aluminium premiums rise; nickel blending; manganese ore price falls; Noble-IFM court action

Charlotte Radford takes a look back at some of the key news and price moves from the past five days in the metals markets.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday October 30:

ASIAN MORNING BRIEF: Latest metals market news on October 30

A round-up of the latest news and price moves in the metal markets to start the Asian morning on Friday October 30.

Aluminium scrap, secondary prices will continue to fall in Europe

European aluminium scrap and secondary alloy prices are falling and will continue to drop as the market adjusts to lower all-in prices for primary aluminium prompted by falling energy prices.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday October 28:

CHINA ALUMINUM FORUM: SHFE mulls warehouses in Al production hubs

Shanghai Futures Exchange (SHFE) is mulling the establishment of warehouses in aluminium production hubs, an official at the bourse said on Thursday.

CHINA ALUMINUM FORUM: Hongqiao expects first bauxite shipment from Guinea in November

China’s Hongqiao Group is expecting its first shipment of bauxite from Guinea next month, company ceo Zhang Bo said in Qingdao this week.

MB BAUXITE & ALUMINA CONF: Iran will need more bauxite to ramp up primary output

Iran’s bauxite needs will increase in the future as the country looks to ramp up aluminium production from 354,000 tonnes to more than a million tonnes per year by 2025.

MONDAY BRIEF: Infographic for October 26

The infographic for Monday October 26.

MB BAUXITE & ALUMINA CONF: Vietnam looks to build 300,000-tpy aluminium smelter by 2016

Vietnam is building a 300,000-tpy capacity aluminium smelter in Dac Nong province that is expected to come online next year, Murray Lines, ceo, Stratum Resources Australia said at a conference last week.