Nickel prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Wednesday January 31, tracking the pullback in prices seen on the London Metal Exchange in the previous session.

Speculation as to what US President Donald Trump’s next move might be in the Section 232 investigation into aluminium imports appears to be pushing the US Midwest aluminium premium up despite a lack of actual spot demand to support it.

Copper miners, including Freeport-McMoRan and Antofagasta, have made big cuts to copper concentrate tonnages and in some cases altered side terms for material delivered against benchmark treatment and refining charge (TC/RC) terms this year, despite the market rallying around a single number after a tense set of negotiations.

Metal Bulletin is proposing to launch two blister copper refining charges (RC) assessments.

Base metals prices on the London Metal Exchange are weaker across the board by an average of 0.9% this morning, Tuesday January 30.

Good morning from Metal Bulletin’s office in Shanghai, as we bring you the latest news and pricing stories on Tuesday January 30.

Base metals prices on the Shanghai Futures Exchange were all weaker during Asian morning trading on Tuesday January 30, with a correction underway across the complex following a strong performance in the previous session.

The latest news and price moves to start the Asian day on Tuesday January 30.

Treatment charges (TCs) for spot market zinc concentrates dropped to multiyear lows while Chinese smelters re-entered the market for tonnages in January.

Base metals prices on the London Metal Exchange are stronger by an average of 1% this morning, Monday January 29.