The Aurubis Copper Mail informs you monthly about current trends on the copper market.

Size: px
Start display at page:

Download "The Aurubis Copper Mail informs you monthly about current trends on the copper market."

Transcription

1 Copper Mail No. 135 May 3, 2016 The Aurubis Copper Mail informs you monthly about current trends on the copper market. In focus April was the month of association conventions, conferences and trade fairs. In the copper industry, for example, these included the traditional Cesco Week in Chile (the conference of the Centro de Estudios del Cobre y la Minería), the Wire and Tube trade fair in Düsseldorf and the general meeting of the Association of German Metal Traders in Dresden. While participation in these kinds of events provides only parts of the puzzle, when pieced together, they offer a good overall view of the mood on the copper market. Once again, this view is generally disjointed. The situation fills some with confidence and others with doubt about the existing risks. 1

2 Economic situation Chinese industry sent out positive signals in late April. The national statistics office reports an 11.1 % increase in company profits in the industrial sector for March. This is the largest increase since July This trend corresponds to the figures on the development of industrial production and fixed asset investment, which were published in mid-april. The US Federal Reserve was restrained during their last meeting in April and left the interest rate untouched. However, there were signals that an increase in the federal funds rate could be approaching, even as global economic risks were pointed out once again. Copper essentials The copper price trend wasn t the result of any one particular factor in April. Speculative activities in the commodities sector were especially prevalent, with crude oil, iron ore and steel front and center. Their distinct price increases lifted the entire raw material sector, which also benefited copper, according to different market reports. Some reports referred to Chinese import figures for refined copper in March as a fundamental aspect, as they reached an outstanding level of 458,000 t. Market commentaries also pointed out the positive trend in the Chinese real estate sector. At the same time, the price recovery was accompanied by doubts and the question of the basic justification of this development. These doubts were raised due to the increase in copper inventories in Chinese bonded warehouses in particular, which was directly attributed to the high imports. Furthermore, Chinese traders and smelters caused upheaval with their considerations of exporting more copper. In light of the current 2

3 arbitrage situation between the SHFE and the LME, however, this doesn t offer much incentive. Last but not least, there have been higher transaction costs that are intended to counter the extremes in Chinese commodity futures. Price trend The copper price was not able to maintain the level of late March into the first half of April. Following an LME settlement price of US$ 4,940/t on March 30, the quotations fell to US$ 4,645/t on April 11. The price recovered again afterward, reaching US$ 5,000/t. The backwardation, a situation in which spot prices exceed forward prices, remained but decreased to about US$ 10/t. The Chilean Copper Commission maintained its 2016 average price forecast of US$ 2.15/lb and US$ 4,740/t. 3

4 Copper raw materials In Codelco s El Teniente mine in Chile, production was started up again on April 21 after a compulsory five-day break. The media reports a production loss of 5,000 t of copper per day. Heavy rains led to landslides. The loss isn t perceptible on the concentrate market. On the contrary, there was a good supply, especially in spot business in the second half of April, which was bolstered by traders increased willingness to sell. The good deliveries from the new Las Bambas mine in Peru and from the production expansion of the Peruvian Cerro Verde mine also had an impact. According to Metal Bulletin, traders were purchasing concentrates less aggressively as well. In this environment, treatment and refining charges tend to increase. During the general meeting of the Association of German Metal Traders on April 21, 2016, the picture presented for the recycling business was bleak. The association represents about 80 % of the German companies that trade and recycle non-ferrous metals. A total of 23 % of 4

5 the companies assess the current business situation as worse than the start of the prior year, and 13 % anticipate that the situation will improve in the coming months. The current supply of non-ferrous scrap on the German market was described as insufficient. Nearly half of the surveyed companies said that there was a shortage of copper, aluminum and zinc on the recycling market. Production During the Q reporting season of large mining companies, good production outlooks prevailed. Chile was one example: Codelco, the world leader with a copper output of million t last year, maintains its production target for 2016 despite storm damage at the Andina and El Teniente mines (see Copper raw materials). A Q1 output that is 14,000 t higher than expected would compensate for the production losses, according to the company s CEO. Antofagasta is sticking to its annual production target. Although the company has reported a lower output for Q compared to Q4 2015, it is 7.3 % above Q The Chilean Copper Commission confirmed its January forecast and anticipates a copper output of 5.77 million t in Chile in 2016 and 5.95 million t in The total was 5.76 million t in On the smelter side, Aurubis Bulgaria started its maintenance shutdown on April 14, which is planned to take 50 days. The annual throughput of copper concentrate at this site is 1.1 million t. Inventories There was a special focus on the inventory trend in April, as it was expected to provide an indication of copper demand. This proved to be a challenge, however, since there were considerable shifts within the storage system with regards to the exchanges and the individual regions. First, the metal exchanges: here, there the total volume declined by about 30,000 t. On April 26, around 545,000 t of copper were recorded, compared to the start of the month with 577,000 t. The inventory in the SHFE warehouses decreased by 37,000 t to 332,000 t, but the inventory in the LME s Asian warehouses rose by 31,000 t at the same time, particularly in Singapore. This was likewise accompanied by a reduction of roughly 15,000 t in the LME s US inventories. There was warehousing in the Chinese bonded 5

6 warehouses in April as well, which was largely due to the high copper imports to China as well as copper deliveries from the country s smelters. Overall, about 100,000 t supposedly went this route from mid-march to mid-april, so the Shanghai bonded warehouse most recently held an estimated 560,000 to 570,000 t of copper. Product markets The international Wire and Tube trade fair, which took place in Düsseldorf in April, is the leading trade fair in the wire, cable and tube industry and is therefore also interesting as a gauge of the mood among copper product manufacturers. According to the event organizers, the exhibitors were very pleased with the transactions they were able to close. 6

7 The German Electrical and Electronic Manufacturers Association (ZVEI) currently assumes that production in the German electrical and electronics industry will grow by 1 % in 2016 (2015: 1.3 %). When it came to exports from the industry, the US took the first place position from China in 2015, with 16.4 % growth to 15.9 billion. In Germany, the federal government and industrial representatives agreed on a buyers premium for electric cars and hybrids. The funding is slated to start in mid-may The goal is to bring a million electric cars onto the market by In early 2016, only 25,500 electric cars and 130,000 hybrids were licensed, so this goal appears to be very ambitious. Nevertheless, this is positive news for copper demand overall, since the amount of copper in each electric car is significantly higher. Hardly any noticeable short-term effects are expected on the copper market from this development, however. According to the German Copper Institute (DKI), electric cars include three times as much copper as conventional cars with combustion engines. The Fraunhofer Institute estimates that there is about 25 kg of copper in a traditional car. 7

The Aurubis Copper Mail informs you monthly about current trends on the copper market.

The Aurubis Copper Mail informs you monthly about current trends on the copper market. Copper Mail No. 141 November 7, 2016 The Aurubis Copper Mail informs you monthly about current trends on the copper market. In focus The news on the copper market varied during LME Week 2016. As commentaries

More information

The Aurubis Copper Mail informs you monthly about current trends on the copper market.

The Aurubis Copper Mail informs you monthly about current trends on the copper market. Copper Mail No. 129 October 30, 2015 The Aurubis Copper Mail informs you monthly about current trends on the copper market. In focus LME Week 2015 has come and gone. However, it didn t provide much clarity

More information

MONTHLY COPPER BULLETIN

MONTHLY COPPER BULLETIN MONTHLY COPPER BULLETIN April-2012 10 th May 2012 LME WAREHOUSE COPPER STOCKS & LME COPPER PRICES & LME COPPER TRADE VOLUME (JAN 2008-MAY 2012) S&P 500 INDEX & EUR/USD PARITY (JAN 2008-MAY 2012) DATE OFFICIAL

More information

Chinese Copper Market Study

Chinese Copper Market Study Shanghai Metals Market The Leading Metals Information Provider in China Metal Bulletin Research (MBR) and SMM Information Technology Co., Ltd. (SMM) jointly launch: Chinese Copper Market Study 2010-2015

More information

China Copper Industry Chain Analysis,

China Copper Industry Chain Analysis, Shanghai Metals Market The Leading Metals Information Provider in China China Copper Industry Chain Analysis, 2011- Hot topic China copper supply and demand in 2011 from copper resources to final products.

More information

MONTHLY COPPER BULLETIN

MONTHLY COPPER BULLETIN MONTHLY COPPER BULLETIN March-2012 16 th April 2012 S&P 500 INDEX & LME COPPER PRICES (JUNE 2011-APRIL 2012) LME WAREHOUSE COPPER STOCKS (AUG 2010-APR 2012) DATE OFFICIAL MARKET DATA & PRICE INDICATORS

More information

COPPER BULLETIN WEEKLY CHANGE %

COPPER BULLETIN WEEKLY CHANGE % MONTHLY COPPER BULLETIN August-2018 20 th September 2018 OFFICIAL MARKET DATA & PRICE INDICATORS DATE (USD/t) (EUR/t) (GBP/t) WEEKLY AVERAGE (USD/t) WEEKLY CHANGE % YEARLY CHANGE % LME STOCKS (Tonnes)

More information

Strategic Sourcing: Which Regional Price Discrepancies are Sustainable? Katherine Lewis Director, European Pricing and Purchasing 24 June 2009

Strategic Sourcing: Which Regional Price Discrepancies are Sustainable? Katherine Lewis Director, European Pricing and Purchasing 24 June 2009 Strategic Sourcing: Which Regional Price Discrepancies are Sustainable? Katherine Lewis Director, European Pricing and Purchasing 24 June 2009 Bottom Line Even though metals price differentials registering

More information

Aurubis AG Annual General Meeting. Hamburg, March 2, 2017

Aurubis AG Annual General Meeting. Hamburg, March 2, 2017 Aurubis AG Annual General Meeting Hamburg, March 2, 2017 Aurubis business model: Productivity, efficiency, environmental protection and processing expertise Raw materials Concentrates BU Primary Copper»

More information

Trading Metal Scrap: What did influence our business?

Trading Metal Scrap: What did influence our business? Trading Metal Scrap: What did influence our business? Introduction Importance of Scrap Recycling Scrap Market Outlook EMR has a heritage dating back to the 1950s when the Sheppard Group was established

More information

China Copper Industry Chain Analysis,

China Copper Industry Chain Analysis, China Copper Industry Chain Analysis, 2010-2011 What is Our Focus What is the copper market trend in the future amid a series of mixed factors including macro economic conditions and market supply and

More information

This is the Global Economic, Scrap Metal, Commodities and Recycling Report, by BENLEE Roll off Trailers and Lugger Trucks, December 17th, 2018.

This is the Global Economic, Scrap Metal, Commodities and Recycling Report, by BENLEE Roll off Trailers and Lugger Trucks, December 17th, 2018. This is the Global Economic, Scrap Metal, Commodities and Recycling Report, by BENLEE Roll off Trailers and Lugger Trucks, December 17th, 2018. Last week commodity prices were mostly down and economic

More information

2007 Annual Report on Chinese Tin Market

2007 Annual Report on Chinese Tin Market 2007 Annual Report on Chinese Tin Market When copper and zinc had a bullish performance in 2005 and 2006, tin was cast in the shade. However, the metal took the rocketing road and became shining on the

More information

Highlights. » EBT in the first half-year 11/12 amounts to 346 million ( 358 million in the previous year)

Highlights. » EBT in the first half-year 11/12 amounts to 346 million ( 358 million in the previous year) Aurubis AG generates earnings before taxes of 346 million ( 358 million in the previous year) in the first half of fiscal year 2011/12 Operating earnings before taxes of 173 million are significantly above

More information

Copper Trends, Trading and Market Positions. Copper is an excellent conductor of heat and electricity, making it invaluable for use in the

Copper Trends, Trading and Market Positions. Copper is an excellent conductor of heat and electricity, making it invaluable for use in the Anthony Lazaruk Copper Trends, Trading and Market Positions Copper is an excellent conductor of heat and electricity, making it invaluable for use in the construction and electrical goods industries. In

More information

2008 Annual Report on Lead Market

2008 Annual Report on Lead Market 2008 Annual Report on Lead Market With global lead ingot supply and demand balance converting the deficit in 2007 to a surplus in 2008, lead price retreated gradually in 2008 after rocketing greatly in

More information

Weekly Metal Macro Report

Weekly Metal Macro Report Weekly Metal Macro Report Issue 36 March 5, 219 Copper: Exports, consumption recovery to accelerate domestic inventory destocking Growing exports and recovering downstream consumption are expected to accelerate

More information

A new stage of China s Copper Consumption

A new stage of China s Copper Consumption A new stage of China s Copper Consumption Zhong Min Vice General Manager Jinrui Futures Co.,Ltd, Jiangxi Copper Corporation 22/02/2013 1 A new stage of China s Copper Consumption Will the slow-up in China

More information

Trading Metal Scrap: What Comes Next?

Trading Metal Scrap: What Comes Next? Trading Metal Scrap: What Comes Next? Introduction Importance of Scrap Recycling Scrap Market Outlook EMR has a heritage dating back to the 1950s when the Sheppard Group was established in the North West

More information

The Steel Trade War -U.S. and China edition

The Steel Trade War -U.S. and China edition APRIL 218 1 The Steel Trade War -U.S. and China edition AUTHOR RUI SHI RUI.SHI@EDHEC.COM China doesn t hopes to be in a trade war, but is not afraid of engaging in one. On March 22 nd, the Chinese government

More information

Current Trends in the Chinese Copper Industry and Outlook to 2015

Current Trends in the Chinese Copper Industry and Outlook to 2015 Current Trends in the Chinese Copper Industry and Outlook to 2015 A unique and comprehensive study based on field surveys conducted over the last seven years an essential resource on the engine of Copper

More information

Enhancing Market Transparency and Cooperation Between Countries Trading Minerals and Metals

Enhancing Market Transparency and Cooperation Between Countries Trading Minerals and Metals OECD Conference on Trade in Raw Materials Paris, France, 3 November, 2014 Enhancing Market Transparency and Cooperation Between Countries Trading Minerals and Metals Don Smale, Secretary-General International

More information

BASE METALS SECTOR REVIEW

BASE METALS SECTOR REVIEW BASE METALS SECTOR REVIEW Kishore Narne MRAI s 4th International Conference 27th Jan 2017 Jaipur 2016 Green Shoots Falling Energy Prices Currency Volatility Brexit Donald Trump Demonetization Major Global

More information

This market comment was written at 7:25 am on November 16th, US east coast time..

This market comment was written at 7:25 am on November 16th, US east coast time.. LME Officials as Vol Op/Int 10 40 100 of Nov 15th close High Low Close Csh/3 STOCKS (CH) SUP RESIS RSI 000 (000) MAV MAV MAV 3 Month Copper 6930 6770 6910-30 151,950-125 6400 7000 37 94 225 7141 7397 7527

More information

We have a good understanding of the markets we operate in; we understand the products and production processes, we understand the needs of the

We have a good understanding of the markets we operate in; we understand the products and production processes, we understand the needs of the Who we are 2 We are a non-ferrous metals merchant set up in early 2016 by its management with offices in Singapore, Hong Kong, Switzerland and Shanghai. We are expanding our presence through new offices

More information

China Nickel Industry Chain Analysis,

China Nickel Industry Chain Analysis, Shanghai Metals Market The Leading Metals Information Provider in China China Nickel Chain Analysis, -212 Hot topic The analysis on supply and demand balance of nickel in The forecast of the price trend

More information

Nickel & Molybdenum Overview: More Likely to See Leafs Win the Stanley Cup? See a Market Turn?

Nickel & Molybdenum Overview: More Likely to See Leafs Win the Stanley Cup? See a Market Turn? Nickel & Molybdenum Overview: More Likely to See Leafs Win the Stanley Cup? OR See a Market Turn? MRAG Annual Mining Analyst Forecast and Luncheon Mark Selby, CEO Royal Nickel Corporation December 4, 2015

More information

Has the fall in copper price affected the dynamics of direct melt smelting?

Has the fall in copper price affected the dynamics of direct melt smelting? Has the fall in copper price affected the dynamics of direct melt smelting? Metal Bulletin Copper Recycling Conference June 15/17-6-2016 Munich MARCO CALAMIA Marco KME Calamia Group Head of Metal, KME

More information

The Chinese Copper Market Prospects for 2012

The Chinese Copper Market Prospects for 2012 www.metalbulletinresearch.com NEW The Chinese Copper Market Prospects for 2012 l What is the outlook for Chinese copper supply, demand & pricing? l What is the impact of China s outlook on the global copper

More information

Transparency Activities of the International Metal Study Groups

Transparency Activities of the International Metal Study Groups OECD Workshop on Transparency in Trade in Raw Materials Paris, France Transparency Activities of the International Metal Study Groups Paul White Head of Forecasting and Statistics International Lead and

More information

Nickel Prices: $5,000 or $50,000 Where is the Market Headed?

Nickel Prices: $5,000 or $50,000 Where is the Market Headed? Nickel Prices: $5,000 or $50,000 Where is the Market Headed? Metal Bulletin 31 st International Ferro-alloys Conference Mark Selby, President & CEO Royal Nickel Corporation November 10, 2015 Disclaimer

More information

By Gorkem Bolaca Director

By Gorkem Bolaca Director International Steel Trading In The Light Of Global Economic Facts HONG KONG, NOVEMBER 2012 By Gorkem Bolaca Director AGENDA Economic Growth and International Trade China Turkey The Future Dynamics of the

More information

GF China Commodities Weekly

GF China Commodities Weekly GF China Commodities Weekly CHINESE STEEL PRICES TO BE SUPPORTED BY COST CURVE AND INVENTORY GFF Commodities Research Contacts Bonnie Liu 852-3719 1155;bonnieliu@gfgroup.com.hk Fei Yang 020-85586405;qhyangfei@futures.gf.com.cn

More information

The operating profit, excluding revaluation of process inventory, increased to SEK 1,744 m (1,318) due to improvements in metal prices.

The operating profit, excluding revaluation of process inventory, increased to SEK 1,744 m (1,318) due to improvements in metal prices. The operating profit, excluding revaluation of process inventory, increased to SEK 1,744 m (1,318) due to improvements in metal prices. Production disturbances and extensive maintenance had a negative

More information

Weekly Metal Macro Report

Weekly Metal Macro Report Weekly Metal Macro Report Issue 31 January 15, 219 Copper: Concentrate TCs fall as expected Treatment charges (TCs) for spot seaborne copper concentrate traded at $89-93/mt as of Friday January 11, down

More information

A Quick Look on the Steel Industry in the Arab World ============================================

A Quick Look on the Steel Industry in the Arab World ============================================ Arab Iron and Steel Union The Seventieth Session of the Steel Industry Committee in the Organization for Economic Cooperation and Development (OECD) 12 13 May 2011 / Paris France A Quick Look on the Steel

More information

Indian Copper Industry February 2018

Indian Copper Industry February 2018 Indian Copper Industry February 2018 Introduction Copper is the oldest known metal to man. It is an essential non ferrous metal and an excellent conductor of heat and electricity as well as being corrosion

More information

SMM Growth Strategies

SMM Growth Strategies SMM Growth Strategies Under 9 3-Yr Business Plan, SMM s long-term vision calls for increasing the Company s total production interest in copper to 3 ktpa* and in gold to 3 tpa as well as expanding nickel

More information

China s Refined Copper Usage

China s Refined Copper Usage China s Refined Copper Usage By BGRIMM Wang Ye April, 2008, Lisbon Content Main factors impacting China s refined copper usage in 2007 Forecast of China s refined copper usage till 2010 BGRIMM s work China

More information

Copper: Five things to look for in 2017

Copper: Five things to look for in 2017 Copper: Five things to look for in 2017 International Copper Study Group Industry Advisory Panel Thursday 27 April 2017 Lisbon, Portugal Copper: Five things to look for in 2017 Introduction Global macro

More information

PORE : TSX.V. Copper Copper Fundamentals

PORE : TSX.V. Copper Copper Fundamentals 29 Cu Copper 63.546 Copper Fundamentals SIGNIFICANCE OF COPPER FOR POWER ORE Power Ore recently acquired Opemiska Copper Complex in Quebec past-producing Falconbridge high grade copper-gold operation consisting

More information

Sulphide Nickel Production and Supply: Market Implications

Sulphide Nickel Production and Supply: Market Implications Sulphide Nickel Production and Supply: Market Implications Metal Bulletin 3 rd Asian Nickel Conference Mark Selby, President & CEO Royal Nickel Corporation September 23, 2015 Disclaimer Cautionary Statements

More information

Southern Copper Corporation Investment Program. Eng. Oscar Gonzalez Rocha Chief Executive Officer

Southern Copper Corporation Investment Program. Eng. Oscar Gonzalez Rocha Chief Executive Officer Southern Copper Corporation Investment Program Eng. Oscar Gonzalez Rocha Chief Executive Officer SOUTHERN COPPER CORPORATION One of the largest integrated copper producers in the world. We produce copper,

More information

The world s leading independent provider of market analysis and forecasts for the global metals and mining industry

The world s leading independent provider of market analysis and forecasts for the global metals and mining industry FORECASTS ANALYSIS DATA MARKET INDICATORS PRICE TRENDS The world s leading independent provider of market analysis and forecasts for the global metals and mining industry www.metalbulletinresearch.com

More information

The Driving Forces of High Chinese Cathode Imports in 2009

The Driving Forces of High Chinese Cathode Imports in 2009 The Driving Forces of High Chinese Cathode Imports in 2009 By BGRIMM April 30 th, Lisbon 1 Cathode imports 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0-50.0 Nov Dec Jan Feb Mar Apr May Jun Jul Aug

More information

Market Snapshot December 2016

Market Snapshot December 2016 Market Snapshot December 2016 Of all the UK s recovered material prices metal can prices exhibited the strongest gains, increasing sharply during Q4-2016 with steel can prices up 17% and aluminium can

More information

Changing trends of Lead in global market

Changing trends of Lead in global market Changing trends of Lead in global market Engineering, electrical and electronics, infrastructure, automobile and automobile components, packaging etc. are key industries of global economy and majority

More information

Prices Rise As Manufacturing Recovers

Prices Rise As Manufacturing Recovers Precision Machined Products Association Material Impacts On The Precision Machining Industry Prices Rise As Manufacturing Recovers August 2010 Executive Summary Quick Summary: The prices of all raw materials

More information

LION CONSULTING ASIA LTD. EVERWELL RESOURCES LTD.

LION CONSULTING ASIA LTD. EVERWELL RESOURCES LTD. LION CONSULTING ASIA LTD. EVERWELL RESOURCES LTD. Presentation by Michael Lion China and its effects on global scrap markets Metal Bulletin 11 th Asia Copper Conference Shanghai November 19th 2015 LION

More information

The world s leading independent provider of market analysis and forecasts for the global metals and mining industry

The world s leading independent provider of market analysis and forecasts for the global metals and mining industry FORECASTS ANALYSIS DATA MARKET INDICATORS PRICE TRENDS The world s leading independent provider of market analysis and forecasts for the global metals and mining industry www.metalbulletinresearch.com

More information

The Global Outlook for Copper. Mark Loveitt President International Wrought Copper Council (IWCC)

The Global Outlook for Copper. Mark Loveitt President International Wrought Copper Council (IWCC) The Global Outlook for Copper Mark Loveitt President International Wrought Copper Council (IWCC) Legal Disclaimer The purpose of this presentation is to guide programmes benefiting the copper industry

More information

EN+ GROUP ANNOUNCES 4Q AND FY 2018 OPERATIONAL RESULTS

EN+ GROUP ANNOUNCES 4Q AND FY 2018 OPERATIONAL RESULTS EN+ GROUP ANNOUNCES 4Q AND FY 2018 OPERATIONAL RESULTS 8 February 2019 En+ Group plc (the "Company", "En+ Group" or together with its subsidiaries "the Group") (LSE: ENPL; MOEX: ENPL), a leading international

More information

BERNARD LASHINSKY CONSULTING ECONOMIST THE ECONOMY IN The Creeping Economy Moves Ahead

BERNARD LASHINSKY CONSULTING ECONOMIST THE ECONOMY IN The Creeping Economy Moves Ahead BERNARD LASHINSKY CONSULTING ECONOMIST THE ECONOMY IN 2011 The Creeping Economy Moves Ahead Steel Founders Society of America Chicago, Illinois March 23, 2011 THE GREAT RECESSION RUNS on Financial Institutions

More information

ZINC REACHING NEW HEIGHTS FUNDAMENTAL OUTLOOK ON ZINC

ZINC REACHING NEW HEIGHTS FUNDAMENTAL OUTLOOK ON ZINC ZINC REACHING NEW HEIGHTS FUNDAMENTAL OUTLOOK ON ZINC Disclaimer The report contains the opinions of the author, which are not to be construed as investment advices. The author, directors and other employees

More information

Hydro takes over Vale s aluminium business in transforming transaction

Hydro takes over Vale s aluminium business in transforming transaction Hydro takes over Vale s aluminium business in transforming transaction Svein Richard Brandtzæg, President and CEO Bank of America Merrill Lynch Global Metals & Mining Conference May 12, 2010 (1) Cautionary

More information

Stability in Prices PRICES INDUSTRIAL PRICES IN CURRENT EXPANSION. January 1962

Stability in Prices PRICES INDUSTRIAL PRICES IN CURRENT EXPANSION. January 1962 Stability in Prices INDUSTRIAL COMMODITY MARKETS were more competitive in 1961 than in earlier postwar periods of business expansion. Prices of some commodities advanced, but prices of others declined

More information

Aurubis AG Interim Report First 6 Months 2016/17

Aurubis AG Interim Report First 6 Months 2016/17 Aurubis AG Interim Report First 6 Months 2016/17 Frankfurt, May 15, 2017 Jürgen Schachler Executive Board Chairman 1 Aurubis strengths include productivity, efficiency, environmental protection and processing

More information

Q PRODUCTION REPORT GUIDANCE MET FOR 2017

Q PRODUCTION REPORT GUIDANCE MET FOR 2017 Q4 2017 PRODUCTION REPORT GUIDANCE MET FOR 2017 NEWS RELEASE, 24 JANUARY 2018 Antofagasta plc CEO, Iván Arriagada said: Antofagasta had a strong year operationally. Copper production at 704,300 tonnes

More information

Svein Richard Brandtzæg Barcelona, May 2013

Svein Richard Brandtzæg Barcelona, May 2013 Creating a global leader Svein Richard Brandtzæg Barcelona, May 2013 Cautionary note Certain statements included within this announcement contain forward-looking information, including, without limitation,

More information

Statistics Analysis by Tianjin Customs of China for Monitoring and Alerting

Statistics Analysis by Tianjin Customs of China for Monitoring and Alerting Dynamic Information of Customs Districts Chapter 72 Iron and Steel Chapter 73 Articles of Iron or Steel Statistics Analysis by Tianjin Customs of China for Monitoring and Alerting Issue No. 454, 2010 By

More information

Human resources CODELCO 2016 ANNUAL REPORT

Human resources CODELCO 2016 ANNUAL REPORT 2016 was a challenging year for the copper industry. However, it was the people within the organization who enabled us to reach our own demanding short-term objectives towards our commitment to being a

More information

Nickel Market Outlook

Nickel Market Outlook 29/04/2015 Nickel Market Outlook Mike Baril Disclaimer This presentation may include declarations about Vale s expectations regarding future events or results. All declarations based upon future expectations,

More information

Energy and raw materials prices: no panic

Energy and raw materials prices: no panic Energy and raw materials prices: no panic by Christophe Moret Vice President, Estin & Co The crisis seems to be behind us (at least the global macroeconomic crisis), but raw materials prices appear to

More information

Iron and Steel News - Nonferrous Metal News. Published by Sangyo press co.,ltd. September 12,2011. Iron and Steel News

Iron and Steel News - Nonferrous Metal News. Published by Sangyo press co.,ltd. September 12,2011. Iron and Steel News Published by Sangyo press co.,ltd. September 12,2011 INDEX Iron and Steel News Japan Ferrous Scrap Export Price Rises at Kanto Tetsugen's Tender Japan and Taiwan's Joint Steel Sheet Mill Starts Construction

More information

Making the most of scrap s role in the metal supply chain

Making the most of scrap s role in the metal supply chain Making the most of scrap s role in the metal supply chain Istanbul, March 10, 2011 Gerd Hoffmann Vice President Commercial Recycling 1 Agenda 1. Aurubis AG 2. Primary : secondary feed 3. Copper recycling

More information

Corporate profile ANNUAL REPORT 2015 INDEX. Corporate profile. Codelco is Chile s largest mining company and the driving force of its development.

Corporate profile ANNUAL REPORT 2015 INDEX. Corporate profile. Codelco is Chile s largest mining company and the driving force of its development. Codelco is Chile s largest mining company and the driving force of its development. We are an independent company, owned by all Chileans, the world s largest copper producer, and leader in metal reserves

More information

International Metals Recycling Seminar, Lisbon October 15, 2014

International Metals Recycling Seminar, Lisbon October 15, 2014 International Metals Recycling Seminar, Lisbon October 15, 2014 Marion Finney Executive Director Industry Solutions / Recycling Precious Metals Aurubis AG, Germany June 18, 2014 1 Agenda 1. Aurubis company

More information

AMM 9 th Steel Scrap Conference Economic Fundamentals of Scrap and Iron Ore Prices

AMM 9 th Steel Scrap Conference Economic Fundamentals of Scrap and Iron Ore Prices AMM 9 th Steel Scrap Conference Economic Fundamentals of Scrap and Iron Ore Prices 11-12 September, Chicago, IL, USA Atilla Widnell Senior Metals Analyst 2015 Metal Bulletin Research www.metalbulletinresearch.com1

More information

Weekly Metal Macro Report

Weekly Metal Macro Report Weekly Metal Macro Report Issue 2 June 12, 218 Environmental checks limit the supply of base metals Recent environmental inspections had a great impact on the supply of base metals. SMM expects that the

More information

Indian Copper Industry: Poised For Escalating Growth - Metalworld Research Team

Indian Copper Industry: Poised For Escalating Growth - Metalworld Research Team Indian Copper Industry: Poised For Escalating Growth - Metalworld Research Team The copper industry is highly dependent on the performance of and demand for products like power and telecommunication cables,

More information

United Nations Conference on Trade and Development. Recent trends and outlook of Commodity Markets

United Nations Conference on Trade and Development. Recent trends and outlook of Commodity Markets United Nations Conference on Trade and Development 9 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 12-13 October 2017, Geneva Recent trends and outlook of Commodity Markets By Mr. Yves Jégourel

More information

The US Scrap Metal Industry: Challenges, Opportunities and Outlook Robin Wiener, ISRI April 26, 2018 (Suzhou)

The US Scrap Metal Industry: Challenges, Opportunities and Outlook Robin Wiener, ISRI April 26, 2018 (Suzhou) The US Scrap Metal Industry: Challenges, Opportunities and Outlook Robin Wiener, ISRI April 26, 2018 (Suzhou) Title Page Thank you. I am honored to be here today at the 11 th China International Metal

More information

Changing World of Stainless Steel Scrap. Paul Gielen, Sales Manager CRONIMET Group 7 th Asian Stainless Steel Conference 25./27.

Changing World of Stainless Steel Scrap. Paul Gielen, Sales Manager CRONIMET Group 7 th Asian Stainless Steel Conference 25./27. Changing World of Stainless Steel Scrap Paul Gielen, Sales Manager CRONIMET Group 7 th Asian Stainless Steel Conference 25./27. June 2012 Disclaimer This presentation is provided to you for information

More information

China Trends and forecasts Iron ore International dry bulk trade. Dry Bulk Shipping Steel products. Coking coal. Iron ore resources

China Trends and forecasts Iron ore International dry bulk trade. Dry Bulk Shipping Steel products. Coking coal. Iron ore resources Market Outlook Dry Bulk Commodities Dry Bulk Shipping Steel products Coking coal Crude steel production Global economic growth Outlook dry bulk China Trends and forecasts Iron ore International dry bulk

More information

AURUBIS statement on the Resource efficiency questionnaire

AURUBIS statement on the Resource efficiency questionnaire AURUBIS statement on the Resource efficiency questionnaire 1. Aurubis supports the resource efficiency approach as promoted by the EU Commission Aurubis welcomes the EU 2020 strategy and its objectives

More information

Global expansion in the world recovery

Global expansion in the world recovery Global expansion in the world recovery Asian Bauxite & Alumina Conference Simon Storesund October 26, 2011 (1) 2011-09-26 3 keys take-aways No.1: China major importer of bauxite and alumina long-term No.2:

More information

Outlook for Bulk Commodities John Barber Bureau of Resources and Energy Economics. bree.gov.au

Outlook for Bulk Commodities John Barber Bureau of Resources and Energy Economics. bree.gov.au Outlook for Bulk Commodities John Barber Bureau of Resources and Energy Economics bree.gov.au Overview Outlook for China Steel and iron ore markets Electricity and thermal coal China s economy is still

More information

1. Development of China's Economy in 11 th Five-Year Plan" & Economic and Trade Cooperation between China and Latin America.

1. Development of China's Economy in 11 th Five-Year Plan & Economic and Trade Cooperation between China and Latin America. April 10, 2012 1. Development of China's Economy in 11 th Five-Year Plan" & Economic and Trade Cooperation between China and Latin America. 1 2 3 In 11th five-year plan, GDP and foreign trade increased

More information

Proposal for. Advertising Your Product

Proposal for. Advertising Your Product Proposal for Advertising Your Product WHO WE ARE INTRODUCTION is a premium intelligence provider for the metals industry. We provide vital business intelligence for both the ferrous and non ferrous industry.

More information

ICRA Indonesia: Limited Impact of the Ban on Raw Mineral Export

ICRA Indonesia: Limited Impact of the Ban on Raw Mineral Export April 2014 ICRA Indonesia: Limited Impact of the Ban on Raw Mineral Export Contact: Pradnya Desai Manager Analyst desai.pradnya@icraindonesia.com +62 21 576 1516 www.icraindonesia.com Foreword Effective

More information

Steel and Raw Materials Data Price Feed

Steel and Raw Materials Data Price Feed Steel and Raw Materials Data Price Feed Latin America export billet $ per tonne fob main port Latin America export slab $ per tonne fob main port UK domestic stainless steel scrap 12-13% Cr Solids per

More information

MARKETING UPDATE 31 OCTOBER 2016

MARKETING UPDATE 31 OCTOBER 2016 MARKETING UPDATE 31 OCTOBER 2016 IMPORTANT NOTICES THIS PRESENTATION SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL RESULTS AND OUTLOOK YEAR ENDED 30 JUNE 2016 ANNOUNCEMENT RELEASED ON 25 AUGUST 2016,

More information

Market View. Aluminum Highlights. Aluminum Demand Grows for 6 th Consecutive Year

Market View. Aluminum Highlights. Aluminum Demand Grows for 6 th Consecutive Year Market View Aluminum Highlights Week Ending: An update on Industry activity and economic indicators By: Paul Williams, Head of Aluminium CRU Analysis The views expressed in the Market View are those of

More information

Weekly Metal Macro Report

Weekly Metal Macro Report Weekly Metal Macro Report Issue 32 January 22, 219 Copper: Demand for copper scrap weakens as CNY approaches With the approaching Chinese New Year, demand for copper scrap in China weakened last week as

More information

Legal Statement. M E T A L S Research and Consulting

Legal Statement. M E T A L S Research and Consulting Legal Statement The purpose of the information in this presentation is to guide ICA programs and provide members with information to make independent business decisions. Antitrust Guidelines Substitution

More information

Brazilian Copper & Scrap Industry overview. June 2 nd, 2014

Brazilian Copper & Scrap Industry overview. June 2 nd, 2014 Brazilian Copper & Scrap Industry overview June 2 nd, 2014 1 Disclaimer and Forward-looking Statements This presentation may contain certain forward-looking statements and information relating to Paranapanema

More information

Iron Ore Trading Enters into the Era of Diversification. You Song, Beijing Iron Ore Trading Centre 27 November, 2014

Iron Ore Trading Enters into the Era of Diversification. You Song, Beijing Iron Ore Trading Centre 27 November, 2014 Iron Ore Trading Enters into the Era of Diversification You Song, Beijing Iron Ore Trading Centre Contents 1 Transformation of Global Iron Ore Market Gaming up between Demand and Supply, New Model of Trading

More information

5th Annual Larrain Vial International Investor s Conference March, 2011

5th Annual Larrain Vial International Investor s Conference March, 2011 5th Annual Larrain Vial International Investor s Conference March, 2011 Agenda 2 Vertically integrated ferrous metal company o Exporter of iron ore products, primarily to Asia o Producer of steel for the

More information

Interim Report January June o President and CEO, Outotec Oyj

Interim Report January June o President and CEO, Outotec Oyj Interim Report January June 2010 Pertti ett Korhonen o President and CEO, Outotec Oyj New reporting segments as of April 1, 2010 Non-ferrous Solutions Ferrous Solutions Energy, Light Metals and Environmental

More information

The changing outlook for copper, nickel, lead and zinc

The changing outlook for copper, nickel, lead and zinc Multi-year Expert Meeting on COMMODITIES AND DEVELOPMENT 6-7 April 2009, Geneva The changing outlook for copper, nickel, lead and zinc by Mr. Curtis Stewart Head of Economics and Environment International

More information

SMM Metals Macro Report

SMM Metals Macro Report SMM Metals Macro Report Issue 3 July 1, 2 Supply of most base metals to grow as environmental probes end 2 Copper: spot copper concentrate TCs to rise in Qn3 2 Aluminium: raw material costs to bottom out

More information

Southern Copper Corporation November, 2011

Southern Copper Corporation November, 2011 Southern Copper Corporation November, 0 0 I. Introduction Management Presenters Presenter Raul Jacob Title CFO - Peruvian Operations & Company Comptroller Corporate Structure 00.0% (*) AMERICAS MINING

More information

PLENARY PRESENTATIONS

PLENARY PRESENTATIONS PLENARY PRESENTATIONS OPENING SESSION Session Chairpersons: Dr. P.P. Jourdan & Dr. L.A. Cramer Transformation to Tackle the Challenges Facing the Ferro Alloy Industry in the Next Decade R.J. Linnell Electricity

More information

Hydro - a resource rich and fully integrated aluminium company

Hydro - a resource rich and fully integrated aluminium company Hydro - a resource rich and fully integrated aluminium company Jørgen C. Arentz Rostrup, Executive Vice President and CFO September 28, 2010 (1) Cautionary note in relation to certain forward-looking statements

More information

David C. Rosenblum OmniSource Corporation is a wholly owned subsidiary of Steel Dynamics, Inc.

David C. Rosenblum OmniSource Corporation is a wholly owned subsidiary of Steel Dynamics, Inc. 23 rd International Recycled Aluminum Conference Madrid, Spain November 16, 2015 North American Aluminum Scrap Markets David C. Rosenblum OmniSource Corporation is a wholly owned subsidiary of Steel Dynamics,

More information

Introduction to Port of Kaohsiung, The convenient delivery point of LME

Introduction to Port of Kaohsiung, The convenient delivery point of LME Introduction to Port of Kaohsiung, The convenient delivery point of LME Presented By Taiwan International Ports Corporation(TIPC) p.1 Introduction Port of Kaohsiung has been listed as LME s 37 th delivery

More information

The aluminium value chain - Upstream drivers and challenges

The aluminium value chain - Upstream drivers and challenges The aluminium value chain - Upstream drivers and challenges Kathrine Fog, SVP Corporate Strategy & Analysis Hydro Metal Bulletin Conference, Singapore, October 2015 (1) Cautionary note Certain statements

More information

Mining and the Environment. A world s leading producer

Mining and the Environment. A world s leading producer Mining and the Environment A world s leading producer The Australian minerals sector is in the top five producers of most of the world s key minerals commodities. Mine production has been increasing steadily

More information

Aggressive measures by China spur buying in metals

Aggressive measures by China spur buying in metals Aggressive measures by China spur buying in metals Angel Commodities Broking Pvt. Ltd. Kaynat Chainwala Research Analyst kaynat.chainwala@angelbroking.com (022) 2921 2000 Extn :6136 Registered Office:

More information

Aluminum Market Report Q3 2009

Aluminum Market Report Q3 2009 Market Report Q3 2009 1 price analysis 1.1 Price up in China In the third quarter, the aluminum ingot price was in an upward trend in China. The demand for aluminum ingot usually becomes soft during July

More information