LIVE FUTURES REPORT 16/09: LME nickel price falls 2.5% despite outflows; copper holds above $5,900/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday September 16, retreating toward $17,300 per tonne, ignoring stock outflows that have brought on-warrant material down to its lowest level in eight years. Turnover has been moderate for the base metals complex so far this morning, with copper traded…

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Russia: Rusolovo output to grow in 2019

In January-August Rusolovo produced 1423 tons of tin concentrate. This year the company intends to increase output to 2200-2600 tons. In 2018, 1500 tons of tin concentrate were produced. The increase is due to the growth of capacities of the processing factory at the Festivalnoye deposit and the construction of a GOK at the Pravourminskoye…

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Russia: Ferrum to increase warehouses

In Novosibirsk the Ferrum Group of Companies has 6 pipe-welding mills with the capacity of 21 thousand tons per month, 3 slitting mills of 30 thousand tons, 2 crosscutting machines of 7 thousand tons, automatic lines to produce 2 thousand tons of cold-rolled channel and angle, etc. At the site the company intends to develop…

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