Base metals traded on the Shanghai Futures Exchange were largely in positive territory during the morning trading session on Friday September 20, but gains were limited owing to lingering macroeconomic concerns.

Nyrstar launched a tender on Tuesday September 16 to buy back €320 million ($414 million) of its retail bonds for cash, as the company aims to enhance its financial position and flexibility.

Global scrap metal exports were valued at $124.8 billion in 2011, marking a “banner year for global scrap demand”, the Institute of Scrap Recycling Industries (ISRI) said in a report.

Markets in general are under pressure following United States President Donald Trump’s speech at the Economic Club of New York on Tuesday November 12, where he failed to provide any reassurance that a trade deal had been reached with China; indeed, Trump even threatened that tariffs would be “raised very substantially” if a deal was not reached.

Christian Schirmeister reached an agreement to leave JP Morgan on Monday February 23, five years after joining the bank as part of the team it acquired from RBS Sempra, he confirmed to Metal Bulletin sister title Copper Price Briefing.

The broader markets were mixed on the morning of Monday February 10, with equities in Asia generally weaker, as were metals on the Shanghai Futures Exchange, while the London Metal Exchange was firmer across the board.

Broader markets are generally still upbeat this morning, Tuesday December 17, with equities in Asia following the lead from western markets on Monday, although the metals are for the most part consolidating.

The latest news and price moves to start the Asian day on Tuesday January 9.

Anton Posner and Margo Brock have set up a new logistics company called Mercury Resources, with a focus on global ocean freight and US-based metals warehousing operations, Metal Bulletin learned on Monday June 18.

Base metals prices on the London Metal Exchange are down an average of 0.4% this morning, Friday March 31, this despite better Chinese PMI data.