What happened in and around metal markets over the past week? Review of the latest news and market moves from Metal Bulletin editor Alex Harrison
Sanctions on Russia moved somewhat closer to metal companies, with the designation of Norilsk non-executive — and titanium producer VSMPO-Avisma chairman — Sergey Chemezov.
USA-based titanium consumer Boeing said it was reviewing the sanctions.
Fears about possible constraints on trade with Ukraine meanwhile drove increased Russian steel mill interest in alloys from producers outside Ukraine, as Metal Bulletin senior correspondent Janie Davies reported.
Elsewhere in alloys, exports of manganese ore from Saldanha port in South Africa hit prices last month.
Were you on the right side of the nickel trade? Interest in the alloying metal continues to grow. Metal Bulletin assesses prices for both nickel ore imports into China and nickel pig iron in the country: both sets of prices once again made robust gains.
Andrew Michelmore is the ceo of MMG and “goes where the resources are”. He recently led a consortium to buy the Las Bambas copper project from Glencore. He talked to Metal Bulletin’s Shivani Singh shortly before the deal went through.
We launched an index for copper concentrates TC/RCs recently. Find out here about the latest moves in the copper concentrates market.
And a throwback here to copper correspondent Mark Burton’s video, explaining why we started the index, and how it works.
The copper market has been driven by its use as a tool for financing in recent years. There are reports that China’s banking regulator may soon lift the minimum deposit and take other steps to rein in this resilient business.
Aluminium premiums in Brazil’s domestic market assessed by Metal Bulletin have fallen.
But zinc premiums in the UK have risen: material is in strong hands!
The LME is looking at launching regional premium contracts for aluminium.
Will they work, Metal Bulletin columnist Lord Copper asks.
HKEx ceo Charles Li’s plans for closer ties with China appear to have political momentum, and a good deal of planning, behind them.
Trading company Gunvor is hiring in Shanghai’s free-trade zone.
How much did a spat between the managements of two companies wipe off their combined values in April?
Alex Harrison
aharrison@metalbulletin.com
Twitter: @alexharrison_mb
