In the battle between macro and fundamental copper price drivers, copper bears hold the strongest of all trump cards – trade war.

The latest news and price moves to start the Asian day on Wednesday August 22.

India’s first legal car-shredding operations will begin to generate shredded steel scrap next year but this additional material will not prevent a rise in the volume of the country’s scrap imports after 2019, according to Metal Bulletin Research (MBR).

Metal Bulletin is opening a consultation on a proposal to reduce its assessment of Shanghai bonded copper stocks to once a month.

MMG Dugald River, a subsidiary of MMG Ltd, has entered into an agreement to sell around 40,000 dry metric tonnes of zinc concentrate per annum to China Minmetals Corp (CMC) subsidiary Minmetals North-Europe from 2019 to 2020.

The latest news and price moves to start the Asian day on Tuesday August 21.

Turkey has requested dispute consultations with the United States at the World Trade Organization (WTO) regarding the doubling of US duties on certain imported steel and aluminium products, the trade group said on Monday August 20.

Ukrainian steelmaker Metinvest boosted slab sales in the second quarter of 2018, mainly as a result of reduced competition in its major export destinations, the company told Metal Bulletin.

Workers will not strike at Escondida, the world’s largest copper mine, after an agreement was sealed between the union and operator BHP late last week.

Correspondent Dalton Barker recaps the week in the non-ferrous markets.