ASIAN MORNING BRIEF 20/06: LME base metals sink; BHP to sell Cerro Colorado copper mine to EMR Capital; UC Rusal exporting bauxite from Dian-Dian mine
Date: Jun 20, 2018
The latest news and price moves to start the Asian day on Wednesday June 20.
Base metals on the London Metal Exchange ended trading broadly lower on Tuesday June 19, led by a 2.2% drop in aluminium prices, while nickel and zinc’s three-month prices dipped 2.1%. Read more here in our live futures report.
Here is how prices looked at the close of trading:
BHP has agreed to sell its Cerro Colorado copper mine to Australian private equity fund EMR Capital for an initial $230 million in cash, the company said.
Meanwhile, UC Rusal has started to export bauxite mined at Dian-Dian in Guinea’s Boké province.
