Base Metals Update September 2018 | Summary and Q&A

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October 2, 2018
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Investing News
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Base Metals Update September 2018

TL;DR

Base metals space saw significant news including a partnership between Siegen and RTB ba, CJ's friendly takeover of Nevison Resources, and rising copper and zinc prices.

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Questions & Answers

Q: What major partnership was announced in the base metals space in September?

A partnership between Siegen and RTB ba at the RTV four copper complex was announced, valued at $1.26 billion.

Q: Who made a friendly takeover offer for Nevison Resources?

CJ offered $1.85 billion for a friendly takeover of Nevison Resources, surpassing London's bid by $450 million.

Q: How did copper and zinc prices perform in September?

Copper prices improved, surpassing yearly lows and reaching above $6,000/tonne by the end of the month. Zinc also made up for prior losses and showed a positive trend.

Q: What did Stefan Jana from coal Marc securities say about zinc prices?

According to Stefan Jana, zinc prices were down due to external factors like trade wars, but falling supply and maintained demand are causing stockpiles to be drawn down in London and Shanghai.

Summary & Key Takeaways

  • Siegen and RTB ba announced a partnership at the RTV four copper complex, valued at $1.26 billion.

  • CJ offered $1.85 billion for a friendly takeover of Nevison Resources, surpassing London's bid.

  • Copper and zinc prices improved in September, with copper reaching $6,000/tonne and zinc making up for prior losses.

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