EUROPEAN MORNING BRIEF 13/03: SHFE base metals prices broadly weaker; Hawesville Ali smelter restart; strike ends at Nexa’s Cajamarquilla zinc smelter
Good morning from Metal Bulletin’s office in Shanghai as we bring you the latest news and pricing stories on Tuesday March 13.
Base metals traded on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Tuesday.
Zinc was the only metal to witness any gains, while nickel prices edged downward following their rally on Monday with negative sentiment stemming from a weaker downstream stainless steel market weighing on prices.
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Century Aluminum Co’s plans to restart production at its smelter in Hawesville, in the US state of Kentucky, are now official thanks to US President Donald Trump signing the order to levy a 10% tariff on the country’s aluminium imports last week.
A week-long strike by workers with trade union representation at South America’s largest zinc smelter, Cajamarquilla, has ended, owner Nexa Resources has confirmed.
One of Novelis Inc’s rolling mills in Brazil has suffered a roof collapse, causing a delay in deliveries to customers, regional sources told American Metal Market.
Trump’s Section 232 tariffs on imported steel and aluminium will go into effect on Friday March 23 at 12:01am New York time.
Poland’s KGHM has sacked its third chief executive officer in two years, according to a company statement released on March 10.
Historically-low rhenium prices are leading to a decline in the amount of recycled material coming into the market, with several recycling facilities having closed or reduced production.