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LME Warrants, Copper, Aluminium And Tin Premiums Fall As Nickel And Zinc Gain In Asia
London Metal Exchange warrant premiums diverged in the October 7 assessment. Copper, aluminium and tin premiums declined, while nickel and zinc benefited from Chinese demand and arbitrage opportunities. Lead recorded a modest increase alongside declining Southeast...
Chilean Copper, 5.2% Of Production Exposed To Risks As El Teniente, Los Pelambres And Escondida Lead
Strikes, severe weather, accidents and geological difficulties continue to challenge Chilean copper supply. According to GEM Mining Consulting’s first Production-at-Risk Index, average production exposure to operational risks reaches 5.2% across the 14 major...
Copper, Florence Starts Commercial Production As Gibraltar Grows And Arizona Ramp-Up Slows
Trekor marked the start of commercial production at Florence Copper in Arizona on October 6, adding a new source of cathodes to the US market. The milestone comes as production rises at Gibraltar in Canada, while delays to Florence’s wellfield expansion have prompted...
US Stainless Steel Scrap, Export Demand Supports 316 As Prices Hold And Inconel Falls
US stainless steel scrap prices were largely unchanged in the week ended October 6. Strong export demand and limited availability continued to support grade 316, while supply of 304 remained more comfortable. In the nickel alloy segment, meanwhile, Inconel prices...