NORTH AMERICAN MORNING BRIEF 07/02: New Century’s zinc conc tender winners announced; high-grade iron ore dominates trade; mining investment leaps

Date: Feb 8, 2018

The latest metal markets news and price moves to start the North American day on Wednesday February 7.

Base metals prices on the London Metal Exchange are mostly recovering during morning trading following Tuesday’s sell-off..

Here is how the LME base metals complex looked at 12.12pm London time:

For a snapshot of exchange news, check out our live futures report.

Trading houses Transamine and Mercuria have entered into long-term offtake agreements for zinc concentrates from the Century zinc mine, beating competition from nine other parties, operator New Century Resources said on Wednesday February 7.

Metal Bulletin is reporting from Mining Indaba in Cape Town. Private equity investment in mining is expected to remain strong after deal value rose 31% year on year to $2.3 billion in 2017, with the greatest interest seen in copper and in Africa, according to research from law firm Berwin Leighton Paisner (BLP).

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