* Replacement capacity includes 600 kA line shut in 2017 -
* Daily production rate is lowest since October -Rtrs
BEIJING China's Ministry of Commerce confirmed it is starting a review on Monday of its anti-dumping tariffs on imports of distillers grains (DDGS) from the United States and said the investigation should be completed in a year.
SHANGHAI Securing enough nickel is a major worry for electric vehicle firms, an executive from Chinese electric car and battery maker BYD Co Ltd said on Thursday, adding that the company would welcome joint ventures that help guarantee supply.
SHANGHAI The global nickel market and its key growth sector, electric vehicle (EV) batteries, will face grave supply shortages unless key Chinese-led projects in Indonesia start up in a timely and cost-effective manner, analysts said on Thursday.
BEIJING, April 8 London copper prices rose as
much as 1 percent on Monday, snapping two days of declines, on
expectations of more stimulus measures in top metals consumer
China and optimism over Sino-U.S. trade talks.
BEIJING China's Chalco said on Friday it boosted annual aluminum output by 16 percent in 2018, putting it ahead of Russia's Rusal as the world's second-biggest publicly traded producer of the metal.
BEIJING Aluminum Corp of China Ltd, known as Chalco, posted its first quarterly loss in more than three years on Thursday and said annual net profits fell last year due to low aluminium prices and slack domestic demand.
* Q2 TC/RC floor set at $73 a tonne/7.3 cents a pound -
(Adds details, updates prices)
By Tom Daly
BEIJING, March 28 Most industrial metals prices
held steady on Thursday as investors awaited news from
U.S.-China trade talks restarting in Beijing, while supply
disruption in copper offset fears of a recession in the United
China and the United States have made progress in all areas
under discussion in trade talks, with unprecedented movement on
the touchy issue of forced technology transfers, but sticking
points remain, U.S. officials told Reuters on Wednesday.
"Concerns of weaker economic growth are likely to keep
downward pressure on commodities for the time being," ANZ wrote
in a note, adding that base metals were nonetheless being
supported by supply-side issues and low inventories.
Zinc stocks in London Metal Exchange warehouses
fell by another 1,200 tonnes on Wednesday to just 55,225 tonnes,
the lowest since 1991, while the "disruption to copper supplies
from Las Bambas lingers," ANZ said, referring to the mine in
Peru where MMG expects to declare force majeure.
* COPPER: Three-month LME copper were up 0.2 percent
to $6,345.5 a tonne as of 0714 GMT, while the most-traded May
copper contract on the Shanghai Futures Exchange was
almost unchanged at 48,360 yuan ($7,187.66) a tonne.
* MMG LAS BAMBAS: Tension extended at Chinese miner MMG
Ltd's Las Bambas mine in Peru as indigenous protesters
on Wednesday hurled rocks at the helicopter of a government
negotiating team who was sent to with finding a peaceful end to
a 51-day road blockade that has choked off access to the
* ZINC SPREAD: The premium of cash LME zinc over the
three-month contract rose to $56 a tonne on Wednesday,
the highest since Jan. 7, as LME zinc stock decline further to
55,225 tonnes the lowest level since 2007, latest data showed.
* PRICES: Shanghai zinc ended up 1.2 percent at
22,570 yuan a tonne, while London zinc dipped 0.1
percent. London nickel, aluminium and tin
* TC/RCs: The 10-member China Smelters Purchase Team (CSPT)
is meeting in Shanghai to determine floor treatment and refining
charges (TC/RCs) for copper concentrate in the second quarter.
* COPPER: CSPT member Jiangxi Copper Co,
said on Wednesday 2018 net profit rose 52.4 percent
year on year as a hedging gain boosted its bottom line.
* SCRAP: China aims to cut solid waste imports to zero by
next year as it looks to reduce pollution and encourage
recyclers to treat soaring volumes of domestic trash, a senior
environment ministry official said.
* NICKEL: Indonesia's nickel-related industries such as the
production of stainless steel and battery materials are set to
surpass the value of its second-biggest export earner, palm oil,
in the next 10 to 15 years, its investment board chief said on
BASE METALS PRICES 0522 GMT
Three month LME copper 6332
Most active ShFE copper 48400
Three month LME aluminium 1902
Most active ShFE aluminium 13680
Three month LME zinc 2880
Most active ShFE zinc 22540
Three month LME lead 2019.5
Most active ShFE lead 16780
Three month LME nickel 13010
Most active ShFE nickel 100680
Three month LME tin 21210
Most active ShFE tin 145780
BASE METALS ARBITRAGE
LME/SHFE COPPER LMESHFCUc3 -947.46
LME/SHFE ALUMINIUM LMESHFALc3 -1121.35
LME/SHFE ZINC LMESHFZNc3 -598.46
LME/SHFE LEAD LMESHFPBc3 540.24
LME/SHFE NICKEL LMESHFNIc3 -3224.48
($1 = 6.7282 Chinese yuan renminbi)
(Reporting by Tom Daly; Additional reporting by Mai Nguyen;
editing by Richard Pullin, Subhranshu Sahu and Rashmi Aich)