Luxembourg-based metal trader Nizi International has expanded its metals raw materials business further by recruiting another new member to oversee its African affairs. Richard Hawken, formerly of South Vaal Trading, has joined Nizi to oversee the non-ferrous metals, ores and concentrates business in sub-Saharan Africa, the company chief executive officer Ulf Berg said in...Read More
In a world of razor-thin margins and fierce competition, there is unprecedented pressure to make better decisions faster. Perhaps there was a time when natural intuition, an outsized personality and clever negotiating tactics were the only strategies needed during the annual mating season. But those days are over. In today's dynamic and volatile marketplace, successful companies must be able to so...Read More
US regulators may get powers to conduct oversight and investigate price-reporting and price-setting entities in the aluminium markets if recently introduced legislation becomes law.US representatives Ken Buck (Republican-Colorado) and Jim Costa (Democrat-California) have introduced bipartisan legislation that would grant the US financial authority the Commodities Futures Trading Commission (CFTC)...Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Friday October 5 - the three-month aluminium price ended the week up by 2.2%, reflecting the full closure at Norsk Hydro's Alunorte alumina refinery in Brazil....Read More
The London Metal Exchange would have the right to name and shame, suspend or possibly even delist brands that fail to comply with its new proposed responsible sourcing principles, according to a position paper it published on Friday October 5. The exchange is proposing that by the fourth quarter of next year, all of its brands undertake an assessment against the red flag indicators set out by the...Read More
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Friday October 5, with aluminium bucking the trend.The three-month aluminium price pushed closer toward $2,200 per tonne, it continues to be supported by tight fundamentals and low stock levels.The temporary closure of Norsk Hydro's Alunorte alumina refinery in Brazil caused the LME price to rally over 4% e...Read More
China's month-on-month new electric vehicles (NEV) sales rebounded in August after month-on-month declines in June and July. The drop in sales between May and June was the first drop since September 2016, but Fastmarkets MB had expected Chinese NEV sales to dip temporarily after the June subsidy changes came into effect because consumers and NEV manufacturers would have to adjust to the new subsid...Read More
Global scrap prices mostly strengthened in th United States, Southeast Asia and Turkey during the working week from Monday October 1 to Friday October 5, while prices in India were still falling due to the weakening rupee....Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Friday October 5 - the three-month aluminium price ended the week up by 2.2%, reflecting the full closure at Norsk Hydro's Alunorte alumina refinery in Brazil....Read More
The London Metal Exchange has released a position paper outlining specific requirements for its responsible sourcing initiative, with the exchange's tin contract emerging as a key focal point across its base metals products, it said in a note to members on Friday October 5. The paper is a direct result of the exchange's responsible sourcing survey, undertaken in November 2017 and conducted by all...Read More
Centar Ltd, the mining company founded by former JP Morgan mining dealmaker Ian Hannam, will sign deals with the government of Afghanistan to develop copper and gold deposits there, it said on Friday October 5. Centar will develop "potentially significant" copper and gold...Read More
Comex copper prices inched down on Friday morning in the United States despite a weaker dollar and positive jobs data. ...Read More
In a world of razor-thin margins and fierce competition, there is unprecedented pressure to make better decisions faster. Perhaps there was a time when natural intuition, an outsized personality and clever negotiating tactics were the only strategies needed during the annual mating season. But those days are over. In today's dynamic and volatile marketplace, successful companies must be able to so...Read More
Luxembourg-based metal trader Nizi International has expanded its metals raw materials business further by recruiting another new member to oversee its African affairs. Richard Hawken, formerly of South Vaal Trading, has joined Nizi to oversee the non-ferrous metals, ores and concentrates business in sub-Saharan Africa, the company chief executive officer Ulf Berg said in...Read More
The London Metal Exchange would have the right to name and shame, suspend or possibly even delist brands that fail to comply with its new proposed responsible sourcing principles, according to a position paper it published on Friday October 5. The exchange is proposing that by the fourth quarter of next year, all of its brands undertake an assessment against the red flag indicators set out by the...Read More
Brazil's domestic price for rebar increased this month due to volatility in the country's currency versus the United States dollar and reports of reduced supply from local steelmakers....Read More
Brazil's slab export price declined this past week following recent deals heard and high freight costs, although market participants believe prices could increase with the resumption of sales to North America....Read More
Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday October 5....Read More
Indian mills have increased domestic hot-rolled coil (HRC) prices by at least 1,000 rupees ($13.54) per tonne for October sales. ...Read More
Germany-based ThyssenKrupp's proposed 50:50 European flat-steel joint venture with Tata Steel Europe could fall under European control regulations, the European Commission said on Wednesday October 3....Read More