(FM) Base metals prices on the Shanghai Futures Exchange staged a broad-based recovery during Asian morning trading on Thursday, recovering from the previous day’s weakness on a softer dollar. Tin was the sole exception to the firmer tone seen across the rest of the SHFE base metals complex this morning, with the metal continuing to succumb to the volatility associated with low market liquidity and concerns over elevated on-exchange stock levels. The London Court of Appeals has upheld Vladimir Potanin, one of two major shareholders in Nornickel, in his attempt to block the other, Oleg Deripaska, from buying more shares in the giant nickel and palladium producer. Alcoa is open to future opportunities in greenfield alumina refineries, according to the company’s chief financial officer William Oplinger, speaking at the Goldman Sachs Metals and Mining conference in New York on Wednesday. President Donald Trump’s administration still prioritizes the battle against Chinese theft of intellectual property and is wielding US trade measures to break down other nations‘ barriers to American exports, US Commerce Department Secretary Wilbur Ross said on Wednesday.
Philipp Schlüter has become chief executive officer of Trimet Aluminium, the company said on Monday.
Long steel demand in Brazil fell year on year in October but growth expectations remain in place for this year and 2019, Gerdau chief executive officer Gustavo Werneck said.
