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ASIAN MORNING BRIEF 18/12: Base metals prices generally trend down on LME; Alumina outlook cautious for 2019; China’s recycled Cu output forecast to hit 3.5 mln tpy by 2020
The latest news and price moves to start the Asian day on Tuesday December 18.
December 18, 2018
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By Generic people page
Insights
HOTTER ON METALS: The Glencore succession begins
Since its merger with Xstrata, Glencore - previously a trading and marketing firm - has become a mining firm whose earnings before interest, taxes, depreciation and amortization is dominated by earnings from its industrial activities. The recent appointment of Peter Freyberg as head of the company’s industrial mining assets, a newly created position with oversight and responsibility for all Glencore industrial mining assets, underscores that.
December 14, 2018
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By Andrea Hotter
Insights
ASIAN MORNING BRIEF 13/12: LME base metals drift lower; Thailand’s Padaeng exits zinc distribution business; Greece holds emergency talks aimed at saving Larco
The latest news and price moves to start the Asian day on Thursday December 13.
December 13, 2018
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By Generic people page
Insights
ASIAN MORNING BRIEF 12/12: LME copper price jumps on LME; Saudi Arabia’s rebar imports hit by weak domestic demand; Middle East steel market outlook picks up on higher oil pricing
The latest news and price moves to start the Asian day on Wednesday December 12.
December 12, 2018
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By Generic people page
Insights
INTERVIEW: TradeCloud will allow users to report data to Fastmarkets via platform – CEO
TradeCloud is set to give its users the opportunity to report business concluded on the platform to Fastmarkets automatically, according to the former’s chief executive officer.
December 11, 2018
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By Generic people page
Insights
Vale to invest $500mln in New Caledonia nickel operations – Schvartsman
Brazilian miner Vale will be investing an additional $500 million in VNC, its nickel operations in the South Pacific country of New Caledonia on expectations of increased demand from rising electric vehicle (EV) output, chief executive officer Fabio Schvartsman said on Tuesday December 4.
December 5, 2018
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By Generic people page
Insights
METALS MORNING VIEW 05/12: Metal prices consolidate while broader markets show weakness
Three-month base metals prices on the London Metal Exchange were mixed in the morning of Wednesday December 5, with zinc and copper up by 0.4% and 0.3% respectively, while the rest of the complex was little changed or weaker.
December 5, 2018
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By Generic people page
Insights
China Molybdenum takes direct ownership of IXM in $495mln fund buyout, details profits
China Molybdenum Co will take direct control of metals trader IXM in a $495-million buyout of a fund it set up to originally purchase the firm from Louis Dreyfus, according to a notice issued on the Hong Kong Stock Exchange on Tuesday December 4.
December 5, 2018
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By Generic people page
Insights
METALS MORNING VIEW 03/12: Metals react positively to G20 trade developments
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%.
December 3, 2018
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By Generic people page
Insights
ASIAN MORNING BRIEF 30/11: Hydro still uncertain on Alunorte; Xinfa aluminium smelters exempted from China’s winter curtailments; Aurubis to resume production at two copper smelters
The latest news and price moves to start the Asian day on Friday November 30.
November 30, 2018
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By Generic people page
Insights
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