VIDEO: Copper market enters bearish territory

Correspondent Dalton Barker recaps the week in the non-ferrous markets.

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The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Glencore’s share price fell sharply on Thursday February 5 after Rio Tinto confirmed it was no longer pursuing a potential merger, ending weeks of speculation about a combination that would have created one of the world’s largest mining companies.
The proposal to increase the publication frequency from monthly to weekly comes amid increased volatility of copper on the London Metal Exchange, while copper scrap discounts have been shifting on a more regular basis. This more frequent assessment will enable Fastmarkets to reflect market dynamics in a timelier manner, as well as capture more spot […]
Fastmarkets has corrected its assessments for Shanghai bonded nickel stocks on January 30.
Fastmarkets has corrected the rationale for its MB-AL-0346 Aluminium P1020A premium, in-whs dup Rotterdam, $/tonne that was published incorrectly on Thursday January 29.
Fastmarkets has corrected the rationale for its MB-AL-0299 aluminium 6063 extrusion billet premium, ddp Spain that was published incorrectly on Friday January 23.