ASIAN MORNING BRIEF 31/01: LME hires Cressy for COO; iron ore prices tumble; copper concentrate market altered

Date: Jan 31, 2018

The latest news and price moves to start the Asian day on Wednesday January 31.

Base metals prices on the London Metal Exchange closed in negative territory across the board on Tuesday January 30, with nickel slumping by more than 3%. Read more her in our live futures report.

Here are how LME prices looked at Tuesday’s close:

Copper miners, including Freeport-McMoRan and Antofagasta, have made big cuts to copper concentrate tonnages and in some cases altered side terms for material delivered against benchmark treatment and refining charge (TC/RC) terms this year, despite the market rallying around a single number after a tense set of negotiations.

To read full article please click here