Metal Bulletin has amended its formula for calculating the daily copper, aluminium, zinc and nickel arbitrage between the Chinese and global metals markets.

China Nonferrous Mining Corp's (CNMC) copper project in Zambia has started trial production and targets an annual output of 252,000 tonnes of copper concentrates once commercially operational, the state-owned miner said on Thursday August 23.

Korea Resources Corp (Kores) has initiated a sale process for its 10% stake and offtake agreement in First Quantum’s Cobre Panama copper mine, four sources with knowledge of the matter told Metal Bulletin.

The latest news and price moves to start the Asian day on Friday August 24.

Mining companies active in the Democratic Republic of Congo (DRC) have formed a new body to engage with the government on industry concerns about the country’s new mining code and any other material issue concerning the mining industry.

The tender for the sale of Italian flat steel producer Ilva might be invalid, the country’s minister for economic development, Luigi Di Maio, said on Wednesday August 22.

The aluminium market has been thrust into a period of uncertainty that has become a feature of the trade in recent months because of tariffs and sanctions, a situation that seems unlikely to change, the head of Norwegian producer Norsk Hydro said.

The latest news and price moves to start the Asian day on Thursday August 23.

A safeguard investigation begun by the Eurasian Economic Commission (EEC) was started primarily to protect the Russian market from imports originating in Ukraine, market sources have told Metal Bulletin.

Minor metals suppliers are moving indium and other minor metals into the United States in anticipation they will be swept up in US President Trump’s burgeoning trade war with China.