Sunday, March 23, 2014


A large delivery of aluminium into warehouses in Rotterdam was linked by market sources to JP Morgan's sale of its physical commodities business to trading firm Mercuria after late-night talks. 

Does state control in China distort the aluminium market in China? One US trade lawyer argued it does.  

There were other theories too on the boost to aluminium stocks - as well as one large delivery of zinc, which never materialised, which proved that stocks are still worth talking about.  

Earlier, a large zinc short position had led some to question whether it was covered.  

A large miner agreed higher treatment charges for zinc this year compared with last.  

MMG confirmed it is in talks with Glencore about the purchase of the Las Bambas copper project in Peru.  

The Australia-based miner plans to raise the limit on the amount of copper concentrates it can sell to controlling shareholder China Minmetals.  

spot deal for copper concentrates in China demonstrated the effects of Jinchuan's declaration of force majeure on concentrate shipments. 

The Chinese company said it would focus on nickel after a furnace outage

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