Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday October 31* Copper -$103.74 (-724.61 yuan) Aluminium -$436.45 (-3,048.53 yuan) Zinc -$47.26 (-330.08 yuan) Nickel $586.71 (4,098.08 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices at 3pm...Read More

Prices for iron ore fines weakened on Wednesday October 31 in a cautious market, while lump premiums traded higher.MB 62% Fe Iron Ore Index: $75.71 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.74 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $80.13 per tonne cfr Qingdao, down $0.04 per tonne. MB 58% Fe Premium Index: $67.42 pe...Read More

Oct 31 (Reuters) - Singapore Technologies Engineering Ltd STEG.SI :* UNIT TO DIVEST LEEBOY INDIA CONSTRUCTION EQUIPMENT PRIVATE TO POLYHOSE INDIA PRIVATE LTD FOR $1.05 MILLION Read More

Oct 31 (Reuters) - The rift between India's central bank and the government has widened and could lead to the Reserve Bank of India (RBI) governor considering resignation, CNBC TV18 reported https://twitter.com/CNBCTV18Live/status/1057445750441820160 on Wednesday, citing sources.There has been an irreversible breakdown between the RBI Governor Urjit Patel and the government, the media said, adding...Read More

Oct 31 (Reuters) - Indian shares clawed back earlier losses to end higher on Wednesday, bolstered by a rally in financial stocks after the country's government stressed that the Reserve Bank of India has autonomy, calming investors worried about a growing public rift with the central bank.The broader NSE index .NSEI ended 1.85 percent higher at 10,386.60, while the benchmark BSE index .BSESN close...Read More

* Q2 net profit 13.43 bln rupees vs 12.68 bln rupees est.* Expenses rose 11.4 pct in the qtr* Q2 rev from ops up 5.2 pct (Adds details, background)Oct 31 (Reuters) - Indian miner Vedanta Ltd VDAN.NS reported on Wednesday a 34 percent fall in second-quarter net profit, hit by lower revenue from its zinc operations, rising costs and the shutdown of a smelter in southern India.The Indian unit of dive...Read More

(Bloomberg) -- Glencore (LON:GLEN) Plc’s coal mining business will eclipse its copper unit next year and become the world’s biggest commodity trader’s most profitable operation.Despite making a lot of noise about its electric vehicle-focused mines such as nickel, copper and cobalt, Glencore has continued to buy more coal assets, adding rival Rio Tinto’s Australian opera...Read More

The tin premium in Europe accelerated to a 21-month high on concerns surrounding Indonesian tin supply, while premiums in the United States and in Asia were immobile on sufficient supply. European premiums at 21-month high  US contracts hint at climbing premiums  Asia premiums steady on abundant stocks Indonesian supply crunch lifts European premiums In Europe, the premium for 99.9%...Read More

Market participants believe that domestic prices for hot-rolled coil (HRC) in Northern Europe have 'reached bottom,' sources told Fastmarkets on Wednesday October 31.Prices in southern and central Europe remained under pressure because of slow trading, they added.Northern EuropeFastmarkets' weekly price assessment for domestic HRC in Northern Europe was stable over the week at ?,?550-565 ($625-642...Read More

The latest news and price moves to start the Asian day on Thursday November 1.Base metal prices on the London Metal Exchange ended mostly lower on Wednesday October 31, pressured by a fresh 2018 high in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:Ternium chief executive officer M??ximo Vedoya expects steel slab...Read More

Spot copper concentrate treatment and refining charges (TCs/RCs) remained almost unchanged and at high levels toward the end of October, with a rapidly widening backwardation reducing the market liquidity.Fastmarkets' assessment of the TC/RC index dipped by $1.60 per tonne/0.16 cents per lb to $87.40 per tonne/8.74 cents per lb on October 31. The previous assessment of $89.00 per tonne/8.90 cents...Read More

Comex copper prices recovered from a mid-September low in early morning trading on Wednesday in the United States, with a stronger dollar and modest Chinese growth preventing a major rebound.The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.05 cents to $2.6645 per lb. Overnight, China's October PMI for the manufacturing industry was reco...Read More

China's lead production is estimated to moderately decrease by 2020 due to the stringent environmental regulations, a spokesperson of the China Non-ferrous Industry Association (CNIA) told delegates at the 21st China International Lead and Zinc Conference on October 31.Peng Tao, the general secretary of CNIA, forecast China's lead production to retreat to 4.65 million tonnes in two years' time, sl...Read More

Xiana Mining will acquire Glencore's Minera Altos De Punitaqui copper mine in Peru for $25 million, after sealing a financing package with Swiss trading firm Bluequest. Vancouver-headquartered Xiana agreed to buy the mine after signing terms in May, when London Metal Exchange three-month copper prices rose above $7,000 per tonne. But a combination of trade-war fears and diminishing mine supply ris...Read More

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Hudbay has offered Mason shareholders C$0.40 in cash for each share held, valuing Mason at $31 million. Net of Mason's cash and Hudbay's current 14% ownership in the company, Masno's enterprise value is about US$15 million.Hudbay CEO Alan Hair said the acquisition of the Ann Mason project was "another step in Hudbay's consistent strate...Read More

Latin American steelmaker Ternium, based in Luxembourg, said it believes it can take back market share held by imports in Mexico, chief executive officer M??ximo Vedoya told analysts on Wednesday October 31. The company is expanding a plant there."Mexico is a more competitive market than the United States to produce steel and we believe we can do that, taking market share back from imports," the e...Read More

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources The company reported a headline loss for the three-months period of C$8.3 million, or 4c a share, which were below average analyst forecasts that called for nil per share, on expected revenue of $72.1 million.Revenue fell 21.3% year-over-year to $60.72 million. Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Copper Mount...Read More

Slab prices are due to recover at any time, with production stoppages expected and an inflationary trend in the prices of raw materials used to make steel, the chief executive officer of Ternium, M??ximo Vedoya, told analysts today.Ternium has produced slab that is sold to third parties in Brazil, since buying Companhia Sider??rgica do Atl??ntico (CSA), from Thyssenkrupp. The mill, which has 5 mil...Read More

European prices for mesh-quality wire rod were flat across the Northern and Southern parts of the continent on Wednesday October 31, with few buyers seriously enquiring for deliveries. Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe were ?,?535-560 ($608-636) per tonne delivered on Wednesday. Both assessments were unchanged over the pre...Read More

The price for rebar produced and delivered in Southern Europe fell slightly on Wednesday October 31, with some suppliers accepting lower bids to make sales but most only offering higher prices.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe fell to ?,?510-535 ($579-608) per tonne delivered on Wednesday, from ?,?520-545 per tonne last week.Producers have been raising thei...Read More