EUROPEAN MORNING BRIEF 06/07: SHFE copper prices sink; Westgate joins VTB Capital; Lord Copper’s final column
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Friday July 6.
Copper prices on the Shanghai Futures Exchange were under pressure during Asian morning trading on Friday amid growing bearish sentiment in the market ahead of the United States’ implementation of trade tariffs against China.
Check Metal Bulletin’s live futures report here.
Leon Westgate has joined VTB Capital as head of metals strategy, Metal Bulletin has learned.
In his final column for Metal Bulletin, Lord Copper looks over the events that have shaped the metals industry during his tenure and considers and what might be in store over the coming years.
Chinese aluminium ingot ADC 12 export prices to main Japanese ports dropped to an eleven-month low on Wednesday, after raw materials prices fell following news that China will restrict the number of ports in the country that can accept shipments of imported scrap from the beginning of 2019.
Former Trafigura base metals trader Ben Thomson has joined Viant Commodities to look after the company’s European business, Metal Bulletin has learned.
Molybdic oxide prices in Europe have dropped slightly amid slow trading activity this week, while the ferro-molybdenum price range widened.
Metal Bulletin proposes to divide its existing 0.10% C low-carbon ferro-chrome product into two products according to chromium content.