The most recent News and cost moves to begin the Asian afternoon on Friday November 16. Zinc futures on the London Metal Exchange rebounded from 3 percent in the close on Thursday Nov 15, ending a weeklong downward tendency and maintained for a decade low in total LME stocks. Read more from our live futures report.
Here are the best way costs looked in the close of trading: Jiangxi Copper and Antofagasta have agreed to terms on 2019 copper concentrate treatment and refining charges at $80.80 per tonne/8.08 cents per pound, resources from both companies confirmed at Fastmarkets. Planned investment from China in large pressure acid leaching jobs for nickel mining will materialize, but may not be a fast solution to tightness in the nickel market, marketplace participants told Fastmarkets. Liquidity at the Pacific alumina market has picked up since prices slid to eight month low. The European Commission has determined that flat rolled steel products must be excluded from the range of its provisional safeguard measures on steel products imports.
Concamin, the Mexican Industrial Chambers Confederation, is urging governments within the country to negotiate an end to the US Use of Section 232 import tariffs before signing the US Mexico Canada Agreement, it stated in a letter released this week. Antofagasta aims to increase copper capacity by 70, 000 tonnes annually by means of a reconstruct of its Los Pelambres mine in Chile in a cost of $1.3 billion, with reconstruction set to be complete by 2021. Bluequest Sourcing, a wholly owned subsidiary of commodity trading home Bluequest Resources, has advanced Xiana Mining’s secured convertible loan facility to support its acquisition of Minera Altos De Punitaqui from Glencore. Wilson product india’s biggest advisory business.
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