A round-up of FastMarkets’ top stories published on April 26.
Several physical metal trading houses have received approaches by Indian miner-smelter Hindustan Zinc (HZL) for considerable tonnages of concentrates, sources told FastMarkets.
Japan’s Mitsubishi Corp and Pacific Metals Co (Pamco) will sell their stakes in Strand Minerals – which holds a 90 percent stake in PT Weda Bay Nickel in Indonesia – to Eramet
Philippe Vecten has been appointed CEO of Eramet Nickel and Eramet Manganese on April 22, the French nickel and manganese producer said.
Base metals spent a routine Tuesday LME trading session ranging at modestly lower levels, readjusting in the wake of last week’s rallies to multi-week and multi-month highs, with the pace of business having slowed,
Falling commodity prices are hurting some but are not bad news for all, delegates said at the Structured Commodity Finance conference.
The slump in commodities prices has hit structured commodity trade finance but regulation is the biggest concern for the industry, delegates said at the Structured Commodity Finance conference.
Freeport-McMoRan reported a massive first-quarter loss due to weak copper and oil prices.
Britain’s potential exit from the European Union has rattled UK regulators, with reports circulating that the Bank of England (BoE) has requested clearing houses – such as London Metal Exchange (LME) clearing house LME Clear – to provide a contingency plan.
Commodity prices appear to have bottomed out but any price rebound is likely to be weak, Edward George, head of group research at Ecobank, said.
Lead inventory moves at LME-registered sheds have returned to the forefront, as cancellations have risen a combined 33,000 tonnes in the past three days to 79,700 tonnes, up 70 percent since April 21.
A California Judge ruled on Monday that Eferton DMCC did not provide enough factual allegations to pursue fraud charges against Asia-Global Renewable Energy Corp.