By Susan Zou / June 15, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's offices in Asia, bringing the latest news and pricing stories on Friday June 15.
Base metals prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Friday June 15, pressured by a strengthening US dollar.
Check Metal Bulletin's live futures report
here.
LME snapshot at 03:23 London time |
Latest 3M LME Prices |
| Price ($/t) | Change since yesterday's close ($) |
Copper | 7,144 | -33 |
Aluminium | 2,250 | -6 |
Lead | 2,456 | 3 |
Zinc | 3,170 | -17 |
Tin | 20,830 | -50 |
Nickel | 15,230 | -55 |
| | |
SHFE snapshot at 10:30Shanghai time |
Most traded SHFE contracts |
| Price (yuan/t) | Change since yesterday's close (yuan) |
Copper | 53,440 | -190 |
Aluminium | 14,465 | -155 |
Zinc | 24,145 | -155 |
Lead | 20,175 | -75 |
Tin | 147,670 | 240 |
Nickel | 114,270 | -270 |
| | |
Changjiang spot snapshot on June 15 |
| Range (yuan/t) | Change (yuan) |
Copper | 53,080-53,140 | -310 |
Aluminium | 14,320-14,360 | -220 |
Zinc | 24,270-24,320 | -280 |
Lead | 20,350-20,550 | -200 |
Tin | 146,000-148,000 | 0 |
Nickel | 115,750-115,950 | -1,950 |
Anglo American
has sold a 21.9% equity interest in Quellaveco SA (AAQSA) for $600 million to Mitsubishi Corporation, and will use the money as capital expenditure for the development of the copper project in Peru, the company said in an announcement on June 14.
A gap between the three-month prices of zinc and lead on the London Metal Exchange
could generally narrow and become more settled in the coming weeks after an extended period of flux, market participants suggested.
Chinese electrolytic aluminium production reached 2.79 million tonnes in May,
up 1.5% from the same period last year, according to data released by the National Bureau of Statistics (NBS) on Thursday June 14.
European spot prices for molybdic oxide
have decreased so far this week on lower deals done in Europe and in Asia, with ferro-molybdenum tracking the move while there is relatively low buying interest, sources said.
Tharisa
has acquired a 26.8% stake in Karo Mining Holding, a platinum group metals (PGM) and base metals project in Zimbabwe, for $4.5 million, the South African chrome miner has announced.