Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday August 8.Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Wednesday, with nickel leading the complex higher for the third consecutive trading day. Check Metal Bulletin's live futures report here. Upward corrections of aluminium premiums wo...Read More
Stricter winter production cuts in China from October are expected to have a significant influence on the entire domestic steel market in comparison with the last heating season, industry sources told Metal Bulletin this week."Prices will likely be on a bullish trend later this year like how they did last year, and export transactions will be hard to conclude," an export trader in east China said,...Read More
Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. ...Read More
Fintech firm Autilla has received a High Court notice of a petition to wind up the company under the corporate insolvency act. ...Read More
The London Metal Exchange has undertaken a review of its warehousing network and tightened up rules surrounding third-party landlords following the delisting of warehousing company Worldwide Warehouse Solutions (WWS). ...Read More
Prices for domestic hollow steel sections made in Europe remained flat on thin trading this week due to summer holidays across the continent, sources told Metal Bulletin on Wednesday August 8....Read More
Prices for rebar produced and delivered in Southern Europe remained unchanged at their recent high levels over the past week as the market entered the seasonal holiday slowdown, sources told Metal Bulletin on Wednesday August 8....Read More
There are likely to be challenges in scaling up commercial production of Aqua Metals' non-polluting electrochemical lead recycling technology, but the company said it remains optimistic....Read More
Canadian copper mining company Taseko Mining believes that concerns about trade disputes affecting mining companies that export to Asia is "totally overblown," president and chief executive officer Russell Hallbauer said in a conference summarising the company's April-June financial results on Wednesday August 8....Read More
Cobalt Blockchain and Traxys Europe have signed a letter of intent to establish a commercial partnership at Traxys' cobalt hydroxide plant in Lubumbashi in the Democratic Republic of the Congo (DRC)....Read More
Global commodities merchant Castleton Commodities International (CCI) is to exit physical metals trading and reallocate capital to its energy business. ...Read More
Alcoa workers have gone on strike in Western Australia due to a breakdown between the company and Australian Workers' Union (AWU) officials representing the workers. ...Read More
Comex copper prices were slightly higher during trading on Wednesday August 8 with the market waiting for further clarity on the trade war front. ...Read More
The outlook for the global long steel products market seems to be in equilibrium at present, but risks remain amid rising production of crude steel and increasing protectionism, the International Rebar Producers & Exporters Association (Irepas) said late on Tuesday August 7....Read More
On Tuesday August 7, the government of the United States reimposed its economic sanctions against Iran, with the steel trade being one of the industry sectors to be directly affected....Read More
Domestic prices for steel beams in Europe remained stable this week while trading maintained usual seasonal summer levels, sources told Metal Bulletin on Wednesday August 8....Read More
Domestic prices for mesh-quality wire rod produced and delivered in Europe remained unchanged over the week as market activity weakened during the summer holidays, sources told Metal Bulletin on Wednesday August 8....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Walt Disney slipped $0.76 to $115.40 after reporting lower than consensus second quarter earnings.Papa Johns dropped $1.26 to $37.30 after reporting lower than consensus quarterly results.Snap fell $0.09 to $13.03 after reporting lower than consensus quarterly results.CVS Health added $2.00 t...Read More
Key data from the Wednesday August 8 pricing session in Europe. ...Read More
The following Metal Bulletin minor metals prices changed on Wednesday August 8:...Read More