Nucor Announces Mr John Retirement

Nucor Corporation announced that Mr John J Ferriola 67 will retire as Chairman and Chief Executive Officer on December 31, 2019 and that the Board of Directors elected Mr Leon J Topalian, 51, to be President and Chief Operating Officer, effective September 5, 2019, and to succeed Mr. Ferriola as CEO on January 1, 2020,…

Shanghai copper premiums hit nine-month highs

There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode at higher levels than in recent weeks due to improving market fundamentals. The higher offers and deals for copper…

LIVE FUTURES REPORT 06/09: LME nickel price consolidates lower following fresh inflow; copper holds above $5,800/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday September 6, with upward momentum tempered by a fresh inflow of some 1,100 tonnes, while copper futures continued to find support above the $5,800-per-tonne support level. Recently trading at around $17,405 per tonne, nickel futures remain in a downtrend…