NORTH AMERICAN MORNING BRIEF 21/11: LME copper prices rise; Codelco copper premiums; ferro-alloys conference; freight special report
Key news and price moves to get you off to a good start during the US morning on Tuesday November 21.
Base metal prices on the London Metal Exchange were broadly lower or unchanged on the morning of Tuesday November 21, with copper bucking the trend. Check Metal Bulletin’s live futures report here.
Here’s how the LME base metals complex looked at 11:23am London time:
Codelco has offered cif Shanghai copper premiums at $75 per tonne for 2018 long-term contracts, up $3 per tonne from 2017, traders who received the offer told Metal Bulletin on Tuesday November 21.
Chrome veteran Robert Yildirim hopes to integrate his vanadium tolling business, Bear Metallurgical, including securing feedstock, in 2018, he told delegates during an on-stage interview at Metal Bulletin’s 33rd International Ferro-alloys conference.
In a special report compiled by reporters from American Metal Market and Metal Bulletin, we examine the major trends in the freight markets and what the future might hold.
Three parties are bidding to acquire German secondary aluminium smelter Oetinger Aluminium, Metal Bulletin understands