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Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. Rebuilding the London nickel contract is clearly very much work in progress. FIXING NICKELOthers, meanwhile, are looking to muscle into the LME's nickel price discovery domain. The Shanghai market also took a big collateral hit from the London turmoil, volumes on its nickel contract collapsing by 53% last year relative to 2021. The blow-out of the nickel contract and the resulting near-death experience of both brokers and exchange have sapped confidence in the historical market of last resort.

Persons: Simon Dawson, Elliott, Nicolas Aguzin, Matthew Chamberlain, hasn't, it's, Ireland's, Kirsten Donovan Organizations: London Metal Exchange, REUTERS, U.S, Elliott Associates, Jane, Trading, Hong Kong Exchanges, HK, Bloomberg, London, Global Commodities Holdings, Abaxx Commodities Exchange, Canadian, Technologies Inc, Shanghai Futures Exchange, EV, CME, Reuters, Thomson Locations: London, Britain, London's, China, Shanghai, U.S

☆ NFL roundup: Ja'Marr Chase, Bengals pull away from Cardinals
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +8 min

Mandatory Credit: Joe Rondone-USA TODAY Sports/ Acquire Licensing RightsOctober 9 - Joe Burrow threw three touchdown passes to Ja'Marr Chase to lead the Cincinnati Bengals past the Arizona Cardinals, 34-20, on Sunday in Glendale. Joshua Dobbs completed 15 of 32 passes for 166 yards and two touchdowns, but he threw his first two interceptions of the season for the Cardinals (1-4). Saints 34, Patriots 0Derek Carr threw two touchdown passes and New Orleans' defense forced three turnovers in a victory over New England in Foxborough, Mass. Ryan Tannehill completed 23 of 34 passes for 264 yards for Tennessee, but his last pass was intercepted with 10 seconds left. Pickett completed 18 of 32 passes for 224 yards while playing through a bone bruise in his left knee.

Persons: Ja'Marr Chase, Joe Rondone, Joe Burrow, Chase, Carl Pickens, Burrow, Evan McPherson, Cam Taylor, Britt, Joshua Dobbs, Marquise Brown, Derek Carr, Carr, Alvin Kamara, Tyrann Mathieu, Mac Jones, Jones, Bailey Zappe, Dallas Goedert, A.J, Brown, Jake Elliott's, Cooper Kupp, Matthew Stafford, Trevor Lawrence, Lawrence, Travis Etienne, Calvin Ridley, Josh Allen, Younghoe Koo, Dalton Schultz, Desmond Ridder, Ridder, Jared Goff, Goff, David Montgomery, Josh Reynolds, Bryce Young, Adam Thielen, Zack Moss, Anthony Richardson, Moss, Richardson, Ryan Tannehill, DeAndre Hopkins, De'Von Achane, Hill, Graham Gano, Raheem Mostert's, Achane, Kenny Pickett, George Pickens, T.J, Watt, Pickett, Pickens, Lamar Jackson, Justice Hill, Greg Zuerlein, Hall, Zach Wilson, Patrick Surtain, Russell Wilson, Quincy Williams, Bryce Hall scooping, Adam Trautman, Patrick Mahomes, Rashee Rice, Travis Kelce, Isiah Pacheco, Kirk Cousins, Jordan Addison Organizations: Cincinnati Bengals, Arizona Cardinals, State, Bengals, Steelers, Cincinnati, Cardinals, Saints, Patriots, New, NFL, Eagles, Rams, Philadelphia, Dallas, Jaguars, Bills, Jacksonville, Falcons, Texans, Atlanta, Houston, The Texans, Stroud, Lions, Panthers, Detroit, Carolina, Colts, Indianapolis, Tennessee, Dolphins, Giants, Miami, New York, Ravens, Pittsburgh, Baltimore, Justice, Jets, Broncos, Denver, Chiefs, Vikings, Kansas City, Minnesota, Thomson Locations: Glendale , Arizona, USA, Glendale, Ariz, New Orleans, New England, Foxborough, Los Angeles, Inglewood , Calif, Angeles, Buffalo, London, Tennessee, New, Miami Gardens, Fla, New York, Baltimore, Denver, Kansas, Minneapolis

REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - The copper market will transition from supply-demand balance in 2023 to a major supply surplus next year, the International Copper Study Group (ICSG) said after its meeting in Lisbon this week. However, its assessment chimes with a copper market consensus that Chinese demand has surprised to the upside this year. It has trimmed only very slightly its 2024 global usage growth forecast from 2.8% to 2.7%. Operating constraints and smelter maintenance outages in Chile, Indonesia, Sweden and the United States will cap copper production outside of China this year. It's worth noting that the ICSG's most recent monthly bulletin suggests the global copper market notched up a hefty 215,000-metric ton production surplus in the first seven months of 2023.

Persons: Ivan Alvarado, Everyone's, Andy Home, Susan Fenton Organizations: BHP Billiton's Escondida, REUTERS, Study, Shanghai Metal, Reuters, Thomson Locations: Antofagasta, Chile, Lisbon, China, North America, Europe, United States, Indonesia, Sweden, India

REUTERS/Yusuf Ahmad/File Photo - RC2DGT9XQ73M Acquire Licensing RightsLONDON, Oct 5 (Reuters) - Global nickel production will outpace demand to the tune of 239,000 metric tons next year, according to the International Nickel Study Group (INSG). The cumulative forecast surplus of 566,000 metric tons over the three years is huge relative to the size of the nickel market. Global consumption this year is expected to come in at 3.2 million metric tons. The mining rush fed an 85% jump in production of intermediate products such as nickel pig iron (NPI) and nickel matte and a 20% rise in primary nickel products such as sulphate. But rising global production is also increasingly about China, which lifted its primary nickel production by 18% year-on-year in January-July.

Persons: Yusuf Ahmad, it's, Sharon Singleton Organizations: REUTERS, Study, Global, London Metal Exchange, Shanghai Futures Exchange, Investor, EV, Macquarie Bank, Traders, London, Reuters, Thomson Locations: Lisbon, London, Indonesia, China, Shanghai

Last trading at $7,990 per metric ton, London copper is now within sight of the year-to-date lows of $7,867-7,871 recorded in late May. Investment fund positioning on CME copper contractBEARS FLEX MUSCLES ON CMEFund positioning on the CME copper contract has oscillated between long and short for several months as the price chopped around in a sideways range. Outright long copper positions have been slashed from 63,665 contracts at the start of September to 35,050 as of the Sept. 26 close. Net positioning has shifted to a collective short of 3,051 contracts, just shy of the 3,228-contract peak 2023 short in June. It's worth noting that the "other financial" reporting category, which includes index funds, is still in modest net long territory.

Persons: Kim Hong, Alexandra Hudson Organizations: REUTERS, Fund, London Metal Exchange, Investors, Investment, CME, Bulls, Reuters, Alexandra Hudson Our, Thomson Locations: Gunsan, South Korea, London, U.S, United States, Tuesday's

Pro Picks is a weekly column where AP Pro Football Writer Rob Maaddi shares his picks for upcoming games. For all previous Pro Picks, head here. ___Pushing the NFC champions to overtime is only a positive step if the Washington Commanders beat a team that’s lost 14 straight. Pro Picks likes Washington but expects a close game. Against spread: 2-2.

Persons: Rob Maaddi, that’s, Sam Howell, they’ve, Justin Fields, couldn’t, Howell, he’s, FanDuel, Matthew Stafford, Cooper Kupp, Zach Wilson’s, Nathaniel Hackett, Sean Payton, Russell Wilson, They’ve, Desmond Ridder, Bijan Robinson, Bryce Young, Derrick Henry, Jonathan Taylor, QB Anthony Richardson, Tua Tagovailoa, Lamar Jackson, Kenny Pickett, Bill Belichick, haven’t, Derek Carr, Joe Burrow’s, Patrick Mahomes, Kirk Cousins, Davante Adams, Jimmy Garoppolo, Jordan Love, ___ Organizations: AP Pro Football, Washington Commanders, Bills, Eagles, Bears, ANGELES RAMS, Rams, BEST BET, EAGLES, YORK JETS, DENVER Line, Broncos, Jets, Super Bowl, JETS, JACKSONVILLE AT BUFFALO, Dolphins, Jaguars, HOUSTON, ATLANTA Line, Texans, Falcons, Houston . Falcons, DETROIT, Lions, Panthers, LIONS, TENNESSEE AT INDIANAPOLIS, Titans, Colts, GIANTS, MIAMI Line, AFC East, Giants, BALTIMORE AT PITTSBURGH, Ravens, Steelers, Houston, ORLEANS, ENGLAND, Patriots, Dallas, Buccaneers, PATRIOTS, CINCINNATI AT ARIZONA Line, Bengals, Cardinals, BENGALS, KANSAS CITY, MINNESOTA Line, Chiefs, Vikings, CHIEFS, DALLAS, FRANCISCO, Cowboys, 49ers, NFC, 49ERS, VEGAS, Packers, Raiders, RAIDERS Locations: Chicago, PHILADELPHIA, London, Stroud, CAROLINA, Buffalo, KANSAS, Adams

☆ NFL roundup: Puka Nacua, Rams outlast Colts in OT
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +11 min

The Rams went 75 yards on their overtime drive with Nacua scoring his first career TD on a third-down play. Kyren Williams scored two first-quarter touchdowns and had 103 yards on 25 carries for the Rams (2-2). Tua Tagovailoa threw for 282 yards, one touchdown and one interception on 25-for-35 passing for the Dolphins (3-1). Buccaneers 26, Saints 9Baker Mayfield threw three touchdown passes and the Tampa Bay defense did not allow a touchdown in a win against host New Orleans. Josh Dobbs completed 28 of 41 passes for 265 yards and two touchdowns, both to Michael Wilson, for the Cardinals (1-3).

Persons: Matthew Stafford, Trevor Ruszkowski, Puka Nacua, Nacua, Kyren Williams, Stafford, Anthony Richardson, Drew Ogletree, Michael Pittman, Richardson, Josh Allen, Stefon Diggs, Allen, Diggs, De'Von Achane, Tua Tagovailoa, Wil Lutz, Sean Payton, Russell Wilson, Marvin Mims Jr, Lutz's, Justin Fields, Jake Elliott, Sam Howell's, Jahan Dotson, Joey Slye's, Jalen, Brown, Howell, Trevor Lawrence, Darious Williams, Lawrence, Williams, Brandon McManus, Bijan Robinson, Desmond Ridder, Justin Jefferson, Kirk Cousins, Alexander Mattison, Sam Franklin Jr, Bryce Young, Harrison Smith, Young, D.J, Wonnum, Lamar Jackson, Brandon Stephens, Geno Stone, Kyle Hamilton, Mark Andrews, Jackson, Dorian Thompson, Robinson, Deshaun Watson, Myles Garrett, Stroud, Nico Collins, Watt, Collins, Kenny Pickett, Mitch Trubisky, Baker Mayfield, Mayfield, Cade Otton, Trey Palmer, Thompkins, Alvin Kamara, Kamara, Derek Carr, Blake Grupe, Derrick Henry, Ryan Tannehill, Joe Burrow, Tee Higgins, Cam Taylor, Britt, Khalil Mack, Justin Herbert, Herbert, Mack, Derrick Thomas, Aidan O'Connell, Jimmy Garoppolo, Davante Adams, Josh Jacobs, Leighton Vander Esch, DaRon Bland, CeeDee Lamb, Hunter Luepke, Dak Prescott, Mac Jones, Jones, Bailey Zappe, Christian McCaffrey, McCaffrey, Brock Purdy, Josh Dobbs, Michael Wilson Organizations: Los Angeles Rams, Indianapolis Colts, Lucas Oil, Rams, BYU, Colts, Bills, Dolphins, Buffalo, Miami, Broncos, Bears, Chicago, Denver, Eagles, Philadelphia, Washington, Jaguars, Falcons, Jacksonville, Atlanta, Vikings, Panthers, Minnesota, Carolina, The Vikings, Ravens, Browns, Cleveland, Texans, Steelers, Houston, Pittsburgh, Stroud, Buccaneers, Saints, Tampa, New, Bucs, Bengals, Cincinnati, The Titans, Titans, Chargers, Raiders, Las Vegas, NFL, Cowboys, Patriots, Dallas, The Cowboys, 49ers, Cardinals, Arizona Locations: Indianapolis , Indiana, USA, Miami, Orchard Park, N.Y, Washington, Atlanta, London, Charlotte, N.C, Carolina, Baltimore, Pittsburgh, New Orleans, Tennessee, Nashville, Cincinnati, Los Angeles, Inglewood , Calif, New England, Arlington , Texas, Francisco, Santa Clara, Calif

☆ Jacksonville Jaguars win on 10th appearance in London, beating Atlanta Falcons as 2023 NFL International Series kicks off
▼ + stars: | 2023-10-01 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —The Jacksonville Jaguars won on its 10th game in London, beating the Atlanta Falcons 23-7 at Wembley Stadium on Sunday as the 2023 NFL International Series kicked off. Sunday’s game is the first of five international games the NFL has implemented as part of their ever-expanding International Series. Sunday’s game was the Jaguars’ 10th in London – the most of any team in the NFL. The Falcons struggled to create any meaningful offense during the first half, with Ridder compiling a second quarter to forget. Kirby Lee/USA Today Network/ReutersHowever, things improved shortly after halftime for the Falcons with Ridder finding London for a short touchdown pass to give Atlanta renewed hope.

Persons: Calvin Ridley, Trevor Lawrence, Desmond Ridder –, Ridder, Drake London, London’s, Lawrence, “, Let’s, ” Ridley, Kirsty Wigglesworth, Shahid Khan, Ridley –, Williams, Roy Robertson, Harris, Josh Allen, Travon Walker, Kirby Lee, Bijan Robinson, elusiveness, Brandon McManus, it’s Organizations: CNN, The Jacksonville Jaguars, Atlanta Falcons, Wembley, Falcons, Jaguars, NFL, Tottenham Hotspur, Buffalo Bills, Baltimore Ravens, Tennessee Titans, Frankfurt, Miami Dolphins, Kansas City Chiefs, Indianapolis Colts, New England Patriots, –, ESPN, Jacksonville, Florida, Premier League team Fulham, Ridder, USA, Network, Reuters, London, Atlanta Locations: London, Germany, Georgia

REUTERS/Florence Lo/Illustration/File photo Acquire Licensing RightsLONDON, Sept 27 (Reuters) - China's appetite for base metal imports appears to be growing. FROM RUSSIA WITH LOVEChina's imports of primary aluminium surged to a near two-year high of 153,000 metric tons in August, bringing the year-to-date count to 755,000 metric tons. SLOW COPPER BOAT TO SHANGHAIRefined copper imports were 340,000 metric tons in August, the highest monthly tally this year. The country's refined zinc trade has reverted to net imports this year but volumes remain modest by historical standards. SHIFTING THE NICKEL MIXThere has been no pick-up in China's imports of refined nickel.

Persons: Florence Lo, they've, They've, China's, David Holmes Organizations: REUTERS, Shanghai Futures Exchange, London Metal Exchange, LOVE, Malaysian, New, Democratic, China's CMOC, Reuters, Thomson Locations: China, contango, Shanghai, RUSSIA, U.S, New Zealand, SHANGHAI, Democratic Republic of Congo, DRC, Indonesia

REUTERS/Stringer/File Photo Acquire Licensing RightsLONDON, Sept 26 (Reuters) - Global production of primary aluminium hit an all-time high in August, with the world's smelters running at an annualised rate of 71.2 million metric tons. It now estimates national output rose by 1.3 million metric tons. Global production in August came in at 6.0 million metric tons, up 1.6% on August last year, while cumulative production of 46.5 million metric tons was up 1.7% on the year-ago period. The country's annualised run-rate has increased by 2.1 million metric tons since March and registered a fresh all-time high of 42.4 million tons in August. Everything depends on rainfall levels in Yunnan, which has emerged as a major aluminium production hub due to its "green", low-carbon credentials.

Persons: Stringer, Sharon Singleton Organizations: REUTERS, International Aluminium Institute, IAI, Institute, Shanghai Futures Exchange, London, Exchange, Reuters, Thomson Locations: Binzhou, Shandong province, China, Malaysia, Iran, Yunnan, Sichuan

☆ NFL roundup: Dolphins score 70 points in routing Broncos
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +10 min

Russell Wilson completed 23 of 38 passes for 306 yards with a touchdown and an interception for the Broncos (0-3), who lost three turnovers. Justin Herbert completed 40 of 47 passes for 405 yards and three touchdowns for the Chargers (1-2). Kirk Cousins completed 32 of 50 passes for 367 yards, three touchdowns and an interception for Minnesota (0-3). Desmond Ridder, under constant pressure from the Lions defense, completed 21 of 38 passes for 201 yards. Trevor Lawrence completed 27 of 40 passes for 279 yards, one touchdown and one interception for the Jaguars.

Persons: Achane, Nathan Ray Seebeck, Raheem Mostert, Tua Tagovailoa, Tagovailoa, Tyreek Hill, Russell Wilson, Kenneth Murray Jr, Justin Herbert, Keenan Allen, Mike Williams, Kirk Cousins, Justin Jefferson, Cousins, Murray, Joshua Dobbs, Dobbs, Jonathan Gannon, Dak Prescott, Tony Pollard, Prescott, Kyzir White, Deshaun Watson, Amari Cooper, Elijah Moore, Ryan Tannehill, Derrick Henry, Cleveland's Myles Garrett, Tannehill, Jared Goff, Goff, Lions wideout Amon, Ra St, Brown, Sam LaPorta, Desmond Ridder, Bijan Robinson, Jordan Love, Love, Rashan Gary, Carr, Blake Grupe, Derek Carr, Jameis Winston, Andrew Beck, Stroud, Tank Dell, Brevin Jordan, Dameon Pierce, Blake Cashman, Will Anderson, Trevor Lawrence, Tank Bigsby, Christian Kirk, Travis Etienne Jr, Sam Howell, Josh Allen, Stefon Diggs, Terrel Bernard, Howell, Matthew Judon, Mac Jones, Ezekiel Elliott, Zach Wilson, Judon, Mekhi Becton, Wilson, Matt Gay's, Lamar Jackson's, Zack Moss, Moss, Gardner Minshew, Anthony Richardson, Jackson, Patrick Mahomes, Isiah Pacheco, Mahomes, Jerick McKinnon, Travis Kelce, Justin Fields, Fields, Kenneth Walker III, Jason Myers, Walker, Seattle's Geno Smith, Jake Bobo, DK Metcalf, Andy Dalton, Bryce Young, Dalton, Adam Thielen Organizations: Miami Dolphins, Denver Broncos, Miami, Broncos, Chargers, Vikings, Minnesota, Cardinals, Cowboys, NFL, New York Giants, New York Jets, Browns, Tennessee, Lions, Falcons, Detroit, Atlanta, Packers, Saints, Green, New, Lambeau, Texans, Jaguars, Jacksonville, AFC, Houston, Bills, Buffalo, Patriots, Jets, The Patriots, AFC East, Denver, New York, Colts, Ravens, Baltimore, Indianapolis, Chiefs, Bears, Kansas City, skidding Chicago . Kansas City, Chicago, Seahawks, Panthers, Seattle, Carolina, Thomson Locations: Miami Gardens , Florida, USA, Miami Gardens, Fla, Miami, Los Angeles, Minneapolis, T.J, Arizona, Dallas, Glendale, Ariz, Cleveland, Tennessee, New Orleans, Green, C.J, Houston, Washington, New England, New York, East Rutherford, N.J, Kansas, Indianapolis, skidding Chicago .

REUTERS/Beawiharta Acquire Licensing RightsLONDON, Sept 20 (Reuters) - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020. Around half of the tin produced every year is used as a soldering material on circuit boards, linking usage to the fortunes of the consumer electronics sector. Global semiconductor sales from SIABOOM AND BUSTTin's fortunes are closely tied to the consumer electronics sector, which has experienced a remarkable boom-and-bust cycle over the last three years. That translated into a boom year for tin demand, usage growing by 7.6%, led by a 12.2% rise in the soldering sector, according to the International Tin Association. However, global semiconductor sales have registered small month-on-month increases since April and the year-on-year gap narrowed to 11.8% in July, according to the SIA.

Persons: Lockdowns, Boom, Barbara Lewis Organizations: PT Timah, REUTERS, London Metal Exchange, Shanghai Futures Exchange, SIA, Semiconductor, Semiconductor Industry Association, International Tin Association, World Semiconductor Trade Statistics, Wa State, Reuters, Thomson Locations: Mentok, Indonesian, Bangka, Myanmar, London, Shanghai, Wa, China

LME copper stocks and Cash-3s time-spreadSUMMER SURGEAlmost 100,000 metric tons of copper have been warranted in the LME warehouse network since the middle of July, lifting headline stocks to 149,600 metric tons. European inflows have been split between Rotterdam (19,325 metric tons) and the German port of Hamburg (9,850). The CME's delivery locations, however, don't include Mobile, Alabama, where LME copper stocks have grown to 1,925 metric tons. The amount of cancelled stock awaiting physical load-out from the LME warehouse system currently stands at a minimal 225 metric tons. LME, LME shadow, CME, ShFE and INE copper stocksCHINA OFFSETThe copper stocks surge has to date been largely confined to the LME delivery system.

Persons: Emelia Sithole Organizations: London Metal Exchange, Mobile, CME, Shanghai Futures Exchange, International Energy Exchange, Shanghai, Reuters, Thomson Locations: Europe, United States, China, Rotterdam, Hamburg, Asia, Kaohsiung, Busan, New Orleans, Mobile , Alabama, London, ShFE, CHINA

☆ NFL roundup: Chiefs get back on winning track against Jaguars
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +10 min

Mahomes threw touchdown passes to Skyy Moore and Travis Kelce as the Chiefs (1-1) rebounded from a season-opening 21-20 loss to the Detroit Lions. Jones threw a 9-yard touchdown pass to Saquon Barkley and an 11-yard touchdown pass to Isaiah Hodgins, then drove New York 56 yards to Graham Gano's winning 34-yard field goal with 19 seconds remaining. In his third NFL start -- all Washington wins -- Howell completed 27 of 39 passes to fuel the Commanders' rally. Seahawks 37, Lions 31 (OT)Geno Smith connected with Tyler Lockett on a 6-yard touchdown pass in overtime to give visiting Seattle a victory over Detroit. Burrow aggravated his right calf injury on his second touchdown pass late in the fourth quarter.

Persons: Patrick Mahomes, Morgan Tencza, Mahomes, Skyy Moore, Travis Kelce, Kelce, Chris Jones, George Karlaftis, Jones, Trevor Lawrence, Christian Kirk, wideouts Zay Jones, Calvin Ridley, Daniel Jones, Saquon Barkley, Isaiah Hodgins, Graham Gano's, Joshua Dobbs, Kyler Murray, James Conner, Sam Howell, Brian Robinson, Howell, Robinson, Russell Wilson, Mary, Brandon Johnson, Benjamin St, Juste, Courtland Sutton, Wilson, Sean Payton, Geno Smith, Tyler Lockett, Smith, Lockett, Kenneth Walker, Riley Patterson, Jared Goff, Goff, Tre Brown, Gardner Minshew, Anthony Richardson, Richardson, Minshew, C.J, Stroud, Nico Collins, Tank Dell, Josh Allen, Allen, James Cook, Gabe Davis, Jimmy Garoppolo, Josh Jacobs, Davante Adams, Arthur Smith, Younghoe Koo, Bijan Robinson, Koo, Desmond Ridder, Drake London, Jordan Love, Jayden Reed, Ryan Tannehill, Nick Folk, Derrick Henry, Nick Westbrook, Cameron Dicker's, Justin Herbert, Keenan Allen, Austin Ekeler, Lamar Jackson, Joe Burrow, Burrow, Jackson, Nelson Agholor, Tee Higgins, Baker Mayfield, Mike Evans, Justin Fields, Fields, fumbling, Joe Tryon, Shoyinka, White, Dak Prescott, Brandon Aubrey, Prescott, Aaron Rodgers, Achilles, Zach Wilson, Garrett Wilson, Christian McCaffrey, San, Brock Purdy, Nacua, Matthew Stafford Organizations: Kansas City Chiefs, Jacksonville Jaguars, EverBank, Chiefs, Detroit Lions, Kansas, Jaguars, Giants, Cardinals, New York, Arizona, Broncos, Washington, NFL, Denver, Seahawks, Lions, Seattle, Detroit, Colts, Texans, Indianapolis, Houston, Bills, Raiders, Buffalo, Falcons, Packers, Atlanta, Green, Chargers, Tennessee, Los Angeles, The Chargers, Ravens, Bengals, Baltimore, Cincinnati, Buccaneers, Bears, Tampa Bay, Bucs, Tampa, Cowboys, Jets, Dallas, New, 49ers, Rams, Los, Thomson Locations: Jacksonville , Florida, USA, New York, Denver, Las, Orchard Park, N.Y, Green Bay, Green, Los, Nashville, Tenn, Tennessee, Tannehill, Ikhine, Cincinnati, Chicago, Tampa Bay, Arlington , Texas, San Francisco, Los Angeles, Inglewood , Calif

☆ N.F.L. Week 2 Predictions: Our Picks Against the Spread
▼ + stars: | 2023-09-14 | by ( Emmanuel Morgan | More About Emmanuel Morgan | ) www.nytimes.com time to read: +2 min

The Falcons’ passing game should toil again, but don’t expect a Packers defense that was 28th against the run in 2022 to contain the rookie top-10 pick Bijan Robinson. Pick: Packers -1.5Las Vegas Raiders at Buffalo Bills, 1 p.m., CBSLine: Bills -9.5 | Total: 47Four careless turnovers from Josh Allen doomed the Bills (0-1) against the Jets’ formidable defense. Against the Titans (0-1), they’ll face a far less potent offense, but one that nevertheless boasts Derrick Henry, one of the best running backs of this era. Henry saw a diminished workload (63 yards on 15 carries) last week in a loss to the Saints, but could feast against the Chargers’ weak linebacker corps. — as Fields opened his second year as the Week 1 starter by passing for just one touchdown and getting sacked four times in a loss to the Packers.

Persons: Desmond Ridder, Bijan Robinson, Pick, Josh Allen, Chandler Jones, Jakobi Meyers, Allen, Stefon Diggs, Brandon Staley’s, J.C, Jackson, Derrick Henry, Henry, Justin Fields’s, Darnell Wright, Fields Organizations: Chicago, Carolina, Falcons, Packers, Las Vegas Raiders, Buffalo Bills, CBS, Bills, Jets, Raiders, Broncos, Los Angeles Chargers, Tennessee Titans, CBS Line, Chargers, Dolphins, Miami, Titans, Chicago Bears, Tampa Bay Buccaneers, Fox Line, Buccaneers, Bears

China has stepped up domestic output of refined zinc this year, but the Shanghai market continues to be plagued by low inventory and tight time-spreads. China's imports, exports and net trade in refined zincRETURN TO THE IMPORT MARKETChina was a consistent net importer of refined zinc over the last decade, but that changed in 2022. Shanghai zinc stocks seasonal patterns over 2020-2023LOW INVENTORYShFE registered stocks stand at a modest 43,181 tons. Sentiment, however, holds the real key to the Shanghai premium. The country's trade in refined zinc may prove a useful mirror on that question over the next few months.

Persons: Cash, It's, Jan Harvey Organizations: Share, Shanghai Futures Exchange, London Metal Exchange, Shanghai Metal, Citi, Reuters, Thomson Locations: Eritrea's, Asmara, Eritrea, China, Shanghai, Europe, Turkey, U.S, Antwerp, Singapore, Malaysia's Port Klang, Kaohsiung, Guangdong, London

Lead market dynamics are currently tepid at best due to weakness in the automotive sector, which accounts for around 70% of total demand in the form of lead-acid batteries. But some of that surplus would be very welcome right now in Shanghai, since the local market is in the grips of a vicious short squeeze. ShFE price, stocks and market open interestBIG SHORTThis Shanghai lead squeeze has been building for a couple of months. ShFE time-spreads were already tightening up in July against a backdrop of low exchange stocks and rising open interest. After exporting surplus metal for two years, the Chinese market seems to be struggling to find enough to deliver into the Shanghai squeeze.

Persons: Darren Whiteside, that's, Emelia Sithole Organizations: REUTERS, Shanghai Futures Exchange, London Metal Exchange, Reuters, Thomson Locations: Bogor, Jakarta, Indonesia, Shanghai, China, Taiwan, Vietnam, Bangladesh, London

Singapore's Abaxx Commodities Exchange thinks a new nickel sulphate contract could be the answer. The sulphate market has been forecast by research house Roskill to grow at an annual rate of 22% over the current decade as the green mobility revolution accelerates. China's imports of nickel sulphateTRADE BOOMChina's surging imports of nickel sulphate are a reflection of the product's stunning growth as battery cathode input. China's nickel imports by product 2020-2023PRICING PROBLEMSNone of this new Indonesia-China nickel trade has a natural exchange pricing home. LME nickel trading volumes have stabilised but are still running significantly below levels seen prior to the March 2022 trading halt.

Persons: Antara, It's, Roskill, Mike Harrison Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Abaxx Commodities, Canadian, Technologies, Shanghai Futures Exchange, EV, Imports, China's, Class, Global Commodity Holdings, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, China, Finland, South Africa, South Korea

☆ Column: South Korea's Gwangyang is the new LME aluminium battleground
▼ + stars: | 2023-08-29 | by ( Andy Home | Thomson Reuters | Senior Metals Columnist Who Previously Covered Industrial Metals Markets For Metals Week | ) www.reuters.com time to read: +6 min

LONDON, Aug 29 (Reuters) - The South Korean port of Gwangyang has emerged as the new hub for storing London Metal Exchange (LME) aluminium. Another 54,000 metric tons of aluminium have arrived in the intervening week, promising more turns of the storage carousel. LME aluminium stocks at Gwangyang and Port KlangGWANGYANG GRABS THE SPOTLIGHTA total 198,125 metric tons of aluminium were warranted at LME warehouses in Gwangyang in the first quarter of this year, most of it arriving in four single-day clips. Gwangyang LME aluminium stocks, arrivals and drawdownsRUSSIAN METAL NOW DOMINATESThe competition to store LME aluminium during periods of weak demand is not new. The Gwangyang aluminium storage wars may just be starting.

Persons: Gwangyang, ISTIM, Henry Bath, Sharon Singleton Organizations: London Metal Exchange, Glencore, ISTIM, Pac Global Services, Reuters, Thomson Locations: Gwangyang, Malaysia's Port Klang, Port, Rotterdam, Busan, South Korea, Port Klang, Malaysian, Detroit, Vlissingen, ISTIM

The great destock has resulted in a significantly slimmed-down LME warehouse network. The number of exchange-registered warehouse units has fallen by 151 over the last two years. LME storage space at the latter has grown by 35,000 square metres to 249,000 since the end of September last year. LME warehouse operator Istim has been expanding its presence, listing 24 units over the last year. But it's decidedly good news for LME warehouse operators.

Persons: Goldman Sachs, It's, Kloosterboer, Istim, Jane Merriman Organizations: London, Halley Metals, Pac Global Services, Infinity Logistics, HK, Rotterdam, Reuters, Thomson Locations: Krasnoyarsk, Siberian, Detroit, COVID, Ukraine, Spain, Antwerp, Vlissingen, Rotterdam, KOREA, Singapore, Malaysia's Port Klang, Busan, Incheon, Gwangyang, LME, Port Klang, China, United States, Europe

The London Metal Exchange (LME) three-month copper price has been oscillating in a $7,800-8,870 per metric ton range since May as old and new price drivers compete. The gyration in net positioning is partly a reflection of copper's own choppy range-trading with many black box funds configured to react to changes in directional momentum. Money managers have lifted outright short positions on CME copper to 69,707 contracts, the largest collective bear bet on lower prices since early 2020. The net short position of 18,127 contracts is a sign the bears are in the ascendancy. The key takeaway from speculative positioning on both U.S. and London markets is that fund players are betting bigger on copper.

Persons: Ricardo Moreno, San Pedro de Barva, Juan Carlos Ulate, Long, Copper, David Evans Organizations: REUTERS, London Metal Exchange, CME, Zhongrong International, Co, Fund, Thomson, Reuters Locations: San Pedro, Costa Rica, China, Beijing, London, United States, Europe

LME three-month zinc hit a near three-year low of $2,215 per metric ton in May. LME zinc price stocks and spreadsSQUEEZE DRAWS OUT HIDDEN METALThe trigger for the current spate of arrivals in the LME warehouse system appears to have been a sharp contraction in short-dated time-spreads earlier this month. If so, the game is on in Singapore, which has accounted for all the recent arrivals bar 1,000 metric tons at Malaysia's Port Klang. A total 31,500 metric tons of zinc were warranted in the city in July along with 5,125 metric tons of lead and 625 metric tons of tin. In the interim, there is plenty of potential for more metal to head towards LME storage sheds.

Persons: Ilya Naymushin, Kirsten Donovan Organizations: REUTERS, London Metal Exchange, Citibank, Low, Study, Reuters, Thomson Locations: Angara, Novoangars, Russia, Singapore, Malaysia's Port Klang ., East Asia, China, Europe, Ireland

REUTERS/David GrayLONDON, Aug 3 (Reuters) - Rio Tinto (RIO.L) is finding out just how hard it is to produce low-carbon aluminium. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. The pilot plant will produce around 6,000 metric tons of alumina per year while cutting carbon dioxide emissions by about 3,000 metric tons per year. Capacity at the low-carbon AP60 smelter, also in Quebec, will be expanded by 160,000 metric tons per year, with commissioning expected in 2026. Rio is investing heavily in recycled aluminium, which can be remelted using just 5% of the power needed to produce virgin metal.

Persons: David Gray, Rio, we're, Jakob Stausholm, Peter Cunningham, Jan Harvey Organizations: Rio Tinto, REUTERS, David Gray LONDON, Queensland Aluminium, Japan's Sumitomo Corp, International Aluminium Institute, Alcoa, Giampaolo, Reuters, Thomson Locations: Rio, Gove, Darwin, Australia's Northern, Pacific, Queensland, Australia, Portland, U.S, Canada, Quebec, North

However, the continued strength of copper raw material imports is translating into record domestic refined metal production, a structural shift towards self-sufficiency that is likely to dampen demand for imported units going forwards. China's imports and exports of unwrought refined copperLOWER REFINED COPPER IMPORTSChina imported 1.65 million metric tons of refined copper in the first half of 2023, down by 12% on the first half of last year and the lowest first-half tally since 2019. China's huge copper imports are offset against a smaller outbound flow of metal mostly produced under raw materials tolling contracts. China's monthly imports of copper reyclablesMORE CONCENTRATES AND SCRAPWhile China's refined copper appetite waned in the first half of the year, its imports of mined concentrates continued to accelerate. The continued strength of raw material flows into China, however, suggests any recovery in refined metal shipments may be more muted than expected.

Persons: Chile, Tomasz Janowski Organizations: Democratic, China's CMOC, Shanghai Metal, Reuters, Thomson Locations: China, Russia, Democratic Republic of Congo, Ukraine, Beijing, Europe, United States

Norwegian producer Norsk Hydro (NHY.OL) has called for the exchange to reconsider its decision last November to continue accepting deliveries of Russian metal. China imported 462,000 metric tons of Russian-brand primary aluminium last year, up from 291,000 metric tons in 2021. The country has emerged as the market of first resort for Russian metal since the invasion of Ukraine in February 2022. The top two destinations for June's "exports" were Japan (10,000 metric tons) and South Korea (20,500 metric tons). China's aluminium run-rate fell by an annualised 636,000 metric tons over the first quarter, according to the International Aluminium Institute.

Persons: Rusal, Goldman Sachs, ingot, isn't, Jane Merriman Organizations: London Metal Exchange, Norsk Hydro, Hydro, Rusal, International Aluminium Institute, AZ Global, Reuters, Thomson Locations: Norwegian, Russian, China, United States, Europe, Asia, Ukraine, Japan, South Korea, Gwangyang, CHINA, Yunnan

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