DAILY ROUND-UP – FastMarkets on production figures from Anglo American, MMG and South32

A round-up of FastMarkets’ top stories published on April 21.

The United Steelworkers (USW) union’s decision to file a 201 petition has been met with significant resistance from Canada and other trade partners as well as downstream fabricators.

Base metals ended Thursday LME trading mixed after a volatile session that saw many hitting fresh multi-week or multi-month highs.

A support package worth hundreds of millions of pounds will be made available on commercial terms to potential buyers of troubled Tata Steel UK, the UK and Welsh governments said.

Codelco has suspended a general manager and several executives at its Andina division after mudslides caused a failure at a section of the mine’s tailings.

Japan’s Toyota Tsusho has revised its earnings forecast to a loss of 44 billion yen ($401 million) from October’s forecast of a 35-billion-yen profit for its fiscal year ended March 2016.

MMG’s production of zinc metal in concentrate fell 64 percent year-on-year to 46,044 tonnes in January-March, the company said.

Peru’s Las Bambas mine is on track to achieve commercial production in the second half of 2016, MMG Ltd said in a release today.

Anglo American’s copper production in the first quarter of the year was in line with the first quarter of last year while nickel output rose.

China’s exports of aluminium fabricated products rose 20.6 percent year-on-year and 38.5 percent month-on-month to 360,000 tonnes in March, according to final trade data published by the country’s General Administration of Customs on Thursday.

South32’s aluminium and nickel production fell year-on-year in the January-March quarter, but the company has maintained its upstream production guidance for its fiscal year ending March 2016.

Will Adams

About Will Adams

William Adams has been involved in the metals markets since 1982 – he has experience in many areas of the market from researching to trading and has worked in London, New York and Tokyo.