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aluminium

Copper prices slide

Copper prices slide

LONDON: Copper prices slid on Monday as worries about higher freight costs receded after a container ship blocking...
Published 30 Mar, 2021 05:45am
Copper slides as ship blocking Suez refloated
Markets

Copper slides as ship blocking Suez refloated

  • Benchmark copper on the London Metal Exchange was down 0.9% to $8,883 a tonne.
  • "Copper prices lurched lower after we saw the news about the ship in the Suez Canal," a copper trader said. "There may still be a knock-on effect on costs and there is still a queue, but at least the canal isn't blocked any more."
Published 29 Mar, 2021 08:10pm
Platts to launch 'green' aluminium prices in April
Markets

Platts to launch 'green' aluminium prices in April

  • The metals sector has struggled with adopting common standards for low-carbon aluminium as rival producers fight for market share among consumers who are under pressure to cut their own emissions footprints.
  • S&P Global Platts said it would start issuing daily prices for both low-carbon and zero-carbon aluminium on April 6.
Published 05 Mar, 2021 06:53pm
China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year
Markets

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

  • Shandong-based Hongqiao posted annual net income of 10.5 billion yuan ($1.62 billion) last year, according to a filing to the Hong Kong stock exchange on Friday.
  • Revenues were up only 2.3% year-on-year to 86.14 billion yuan, however, with Hongqiao also attributing its bumper earnings to lower production costs and lower impairment losses compared with a year earlier.
Published 05 Mar, 2021 06:05pm