NON-FERROUS WEEK IN BRIEF 08/12: Warehousing special; MJP deals; Cobalt 27; rising silico-manganese futures
Date: Dec 8, 2017
Metal Bulletin rounds up some of the key news and price moves from a busy week in the metals markets.
Base metals This week, Metal Bulletin launched its special report into the warehousing industry. News includes warehouse and logistics company CWT Commodities pushing ahead with ambitious growth plans in its metals products, among others, following its acquisition by Chinese conglomerate HNA Group. The report also looks into the question of whether LME warehousing is still an attractive prospect. See all the stories here. The benchmark first-quarter main Japanese ports (MJP) aluminium premium is close to settling, following deals for volumes of 26,000 tonnes of aluminium for January-March shipment at a premium of $103 per tonne reported to Metal Bulletin in the past week. The balance of power in the refined zinc market will shift in 2019 when Trafigura replaces Glencore as the largest offtake partner of Nyrstar. Metal Bulletin launched its new Aluminium Arbitrage Indicator Tool. AIG is the lead reinsurer on one of the largest losses in the Middle East this year, from Oman’s Sohar…
