By Anna Xu / May 15, 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 Tuesday May 15.
Base metals prices on the Shanghai Futures Exchange were on divergent paths during Asian morning trading on Tuesday, with copper down amid disappointing Chinese data and rising stock levels.
Check Metal Bulletin's live futures report
here.
| SHFE snapshot at 10.44am Shanghai time |
| Most-traded SHFE contracts |
| | Price (yuan per tonne) | Change since previous session's close (yuan) |
| Copper (Jul) | 51,280 | -280 |
| Aluminium (Jul) | 14,695 | 60 |
| Zinc (Jul) | 23,715 | 160 |
| Lead (Jun) | 19,380 | -5 |
| Tin (Sep) | 145,750 | -380 |
| Nickel (Jul) | 106,870 | 380 |
| LME snapshot at 03.44am London time |
| Latest three-month LME Prices |
| | Price ($ per tonne) | Change since previous session's close ($) |
| Copper | 6,875 | -10 |
| Aluminium | 2,317 | -2 |
| Lead | 2,381.50 | -3.5 |
| Zinc | 3,079 | 24 |
| Tin | 20,980 | 30 |
| Nickel | 14,370 | -130 |
Mass production of electric vehicles (EVs)
will transform the nickel market, which must evolve from pricing and supply perspectives in order to meet the anticipated surge in demand, a Vale executive said ahead of Metal Bulletin's 6th International Nickel Conference, which begins Thursday May 31 in Toronto, Canada.
Manganese prices dropped further in China last week on weaker demand downstream. Check out Metal Bulletin's latest weekly global manganese wrap
here.
The commission appointed to
draft the regulations required for the Democratic Republic of Congo's new mining code has completed its work and will now report back to the Minister of Mines, major international mining companies active in the country said.
Core earnings at Brazilian ferro-alloys producer Ferbasa
declined by 10.16% in the first quarter of 2018, affected by higher costs for energy and raw materials on an annual comparison, Metal Bulletin has learnt.
Both the European spot and Chinese export ammonium paratungstate markets
continued to move higher last week amid concerns of supply disruptions due to continued environmental inspections in China.
London-based Harthill Logistics has
expended its consultancy services through the appointment of Dessy Nascimentom, the company said.