NORTH AMERICAN MORNING BRIEF 28/02: Alunorte refinery to halve output; Noble posts $5bln loss in 2017; Shanghai copper premium up

By Julian Luk / February 28, 2018 / www.metalbulletin.com / Article Link

The latest metal markets news and price moves to start the North American day on Wednesday February 28.

Lead prices on the London Metal Exchange recorded the biggest drop during morning trading following a large stock delivery into LME warehouses. Some 12,375 tonnes were delivered into LME-listed warehouses in Antwerp - taking on-warrant stock levels to 20,250 tonnes. This is the largest lead inflow into Antwerp since 19,900 tonnes were delivered on July 14, 2014. Most of the complex dipped lower on Wednesday morning due to the strengthening dollar and weak Chinese macroeconomic data. Here is how the LME base metals complex looked at 12.42pm London...

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