ASIAN MORNING BRIEF 28/09: NFEx to be liquidated; Ganfeng Lithium investing in Mahong plant to increase production; Aluminium premium in Rotterdum posts third gain in row

The latest news and price moves to start the Asian day on Friday September 28.

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday September 27, pressured by a stronger dollar. Read more in our live futures report.

Here are how prices looked at the close of trading:

Non-Ferrous Exchange Markets (NFEx Markets) will be liquidated following a petition to wind up the company, according to official public records.

China’s Ganfeng Lithium will invest in its Mahong plant, in the industrial development zone of Xinyu, Jiangxi province, to increase production of battery-grade lithium hydroxide to 25,000 tonnes per year, the company said.

The aluminium Rotterdam duty-unpaid premium logged a third consecutive decline on Thursday, according to Metal Bulletin’s assessment.

Austrian special steelmaker Voestalpine has restarted one of its blast furnaces at its plant in Linz, northern Austria, after replacing the interior lining of the furnace.

The import price for hot-briquetted iron in Italy rose this week, with offers for high-quality and more expensive material heard.

Southeast Asian billet prices edged down this week due to low domestic pricing for finished long steel and a sustained weakness in the region’s currency.

What to read next
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
Fastmarkets is inviting feedback on a proposal change the publishing time for our silico-manganese, ferro-manganese and manganese ore port prices in China, to 5-6pm Shanghai time from 2-3pm London time.
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.