Copper and aluminium prices on the Shanghai Futures Exchange were up during Asian morning trading on Tuesday, with the former finding support from potential supply-side disruptions, while the light metal benefited from supply concerns surrounding the sanctions on Russian aluminium producer UC Rusal.
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Base metal market volatility is here for the long haul, according to a fund that has banked profits from the violent sanction-led price swings that have characterized market movements in the first half of 2018.
Higher producer sales prices for 37% manganese ore have moved the low-grade market ahead of high grade in Metal Bulletin’s pricing session in the week ended July 13.
Ferro-chrome prices continued to fall in China on July 13 after smelters restarts boosted the domestic supply outlook.
The executive board of steelmaker Salzgitter has submitted a purchase offer for a number of ArcelorMittal steelmaking sites in Europe, the German company said on Monday.