EUROPEAN MORNING BRIEF 11/07: SHFE base metals slide; global Ali premiums; Largo V2O5 output up 13% in Q2
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Wednesday July 11.
Base metals prices on the Shanghai Futures Exchange fell sharply during Asian morning trading on Wednesday, with China-US trade tensions once again weighing on the market.
Check Metal Bulletin’s live futures report here.
Global aluminium premiums were again under pressure from a continued backwardation in forward spreads on the London Metal Exchange. Read Metal Bulletin’s latest global aluminium wrap here.
Largo Resources Ltd has reached yet another milestone at the Maracas Menchen mine after achieving a new average daily production record of 29.4 tonnes of vanadium pentoxide (V2O5) per day during the month of June.
Global crude stainless steel production totaled 12.77 million tonnes in the first quarter of 2018, according to figures released by the International Stainless Steel Forum (ISSF) on Tuesday July 10.
Intek Group has announced that its copper producer subsidiary KME has reached an agreement to take over Germany’s Mansfelder Kupfer und Messing (MKM), another major participant in the European copper industry.