Hong Kong Exchanges & Clearing will launch US dollar-denominated London Metal Mini Futures for six base metals starting Monday August 5, the exchange said recently.
Nickel’s three-month price on the London Metal Exchange continued its rally throughout afternoon trading on Thursday July 18, closing just below $15,000 per tonne amid a continued flurry of technical buying and a seven-year low in LME stocks.
Turkey’s Kar Madencilik has started producing primary pure magnesium metal (grade min 99.95%) at a smelter rented from Esan Eczacibasi, now called Kar Magnesium Smelter.
Aluminium producer Alcoa reported a net loss of $402 million in its 2019 second quarter results on July 17.
China’s 10 biggest copper smelters have set a treatment and refining charge purchase price floor of $55 per tonne/5.5 cents per lb for the third quarter of this year, sources close to the matter told Fastmarkets on Thursday.
Here are five Fastmarkets MB stories you might have missed on Thursday July 18 that are worth another look.