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LME Forces Mercuria To Lend Out Aluminum Position To Avoid Systemic Risk
The London Metal Exchange (LME) has stepped in force to address a potentially destabilizing situation, forcing Mercuria Energy Group Ltd. to lend out part of its huge position in the June aluminum contract to other market participants, according to people familiar...
Steel Ferrous Scrap in Italy: Prices Stabilize After May Rebound
Following the recovery recorded in the last two weeks of May, the ferrous scrap market in Italy seems to have reached a temporary equilibrium phase. Prices, which had touched significant lows in the first part of the month, have increased overall by 10-20 euros per...
Copper Concentrate Market Sees Widening Spreads Between Traders and Refiners
The global copper concentrate market continues to be characterized by a growing divergence between the terms offered by traders and those offered by refiners (smelters). Treatment charges (TCs) — the fees paid by producers to plants for the treatment of concentrate —...
Base Metals on SHFE Mixed in Morning Trading on June 9
Base metal prices on the Shanghai Futures Exchange (SHFE) showed mixed results in morning trading on Monday, June 9, with nickel posting the biggest gain of the session. As of 10:30 a.m. (Shanghai time) on Monday, June 9, the prices of the most traded nonferrous metal...