By Anna Xu / August 09, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 9.
Check Metal Bulletin's live futures report
here.
| LME snapshot at 0137 London time |
| Latest 3M LME Prices |
| | Price ($/t) | Change since yesterday's close ($) |
| Copper | 6,171.50 | -1.5 |
| Aluminium | 2,130.50 | 24.5 |
| Lead | 2,140 | 2.5 |
| Zinc | 2,597 | -15 |
| Tin | 19515 | 115 |
| Nickel | 13,950 | -100 |
| SHFE snapshot at 0937 Shanghai time |
| Most traded SHFE contracts |
| | Price (yuan/t) | Change since yesterday's close (yuan) |
| Copper | 49,510 | -20 |
| Aluminium | 14,835 | 340 |
| Zinc | 21,480 | -45 |
| Lead | 18,405 | -50 |
| Tin | 146,330 | -800 |
| Nickel | 114,120 | 10 |
Canadian copper mining company Taseko Mining believes that concerns about trade disputes affecting mining companies that export to Asia is "totally overblown," president and chief executive officer Russell Hallbauer said in a conference summarising the company's April-June financial results on Wednesday August 8.
Cobalt Blockchain and Traxys Europe have signed a letter of intent to establish
a commercial partnership at Traxys' cobalt hydroxide plant in Lubumbashi in the Democratic Republic of the Congo (DRC).
Global commodities merchant Castleton Commodities International
(CCI) is to exit physical metals trading and reallocate capital to its energy business.
There are likely to be challenges in scaling up commercial production of
Aqua Metals' non-polluting electrochemical lead recycling technology, but the company said it remains optimistic.technology, but the company said it remains optimistic.
The US Department of Commerce's International Trade Administration
(ITA) has adjusted downward its preliminary anti-dumping duty margins for common alloy aluminium sheet from China, due to what the bureau deemed "a significant ministerial error".
Novelis' top executive says the company
is still open to growth opportunities, even after wrapping up the purchase of rival Aleris Corp.