By Karen Ng / June 06, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Wednesday June 6.
Most base metal prices on the Shanghai Futures Exchange rose during Asian morning trading on Wednesday June 6 after the US reported strong economic data overnight and the World Bank upped its projections for US and Chinese economic growth this year.
Check Metal Bulletin's live futures report
here.
| LME snapshot at 0325 London time |
| Latest 3M LME Prices |
| | Price ($/t) | Change since Tuesday's close ($) |
| Copper | 7108 | 9 |
| Aluminium | 2317 | 6 |
| Lead | 2511 | -5 |
| Zinc | 3189 | -11 |
| Tin | 20705 | 55 |
| Nickel | 15710 | -40 |
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| SHFE snapshot at 1025 Shanghai time |
| Most traded SHFE contracts |
| | Price (yuan/t) | Change since Tuesday's close (yuan) |
| Copper | 52800 | 510 |
| Aluminium | 14755 | 110 |
| Zinc | 24640 | 355 |
| Lead | 20590 | -10 |
| Tin | 152700 | 990 |
| Nickel | 117860 | 1780 |
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| Changjiang spot snapshot on June 6 |
| | Range (yuan/t) | Change (yuan) |
| Copper | 51,870-51,910 | 10 |
| Aluminium | 14,490-14,530 | -20 |
| Zinc | 24,500-25,500 | 60 |
| Lead | 20,500-20,700 | 350 |
| Tin | 149,500-151,500 | -1,250 |
| Nickel | 116,500-116,700 | -900 |
ED&F Man Capital Markets has
added a further three people to its global metals team this week, taking the total of additional metals hires in the past few months to twelve.
The EU has
ended its anti-dumping investigation into ferro-silicon imports from Egypt and the Ukraine, according to a statement on the European Commission's website on Tuesday June 5.
Umicore will
build its first cathode materials production plant in Poland, and hopes to start supplying automotive-sector customers in Europe by 2020.
The
recycling of lithium-ion batteries is critical in a growing electric vehicle (EV) battery market, although advancements are still necessary in the recycling arena, according to an industry expert.
Manganese ore miner
Tshipi Borwa ?(C) Ntle Manganese Mining more than doubled its profit after taxation to ZAR 1.9 billion ($150.65 million) in the twelve months to February 28 2018, its largest shareholder Jupiter Mines has announced.