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A 9% jump in the US Midwest-delivered premium this week has further fueled a bullish sentiment in the global aluminium market.
Copper premiums in the United States and Europe were stable this past week amid thin spot market activity, while Chinese premiums weakened further with demand remaining slow.
Trevali Mining Corp reported record lead and zinc production in both the fourth quarter and the full-year 2017 due to the company’s acquisition of two zinc-lead mines in August from Glencore plc.
Customers who were getting their primary aluminium from the Aluminerie de Bécancour Inc smelter in the Canadian province of Quebec are being covered by shipments from European smelters to Canada, American Metal Market has learned.
Brazilian market participants are diverging about the imposition of anti-dumping duties into hot-rolled coil imports from China and Russia.
China’s plate export prices retreated over the past week with slack domestic demand encouraging steelmakers to seek opportunities abroad.