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LIVE FUTURES REPORT 25/03: LME base metals down on weak EU, US economic data; Ni, Sn lead charge

Base Metals Market - 1 hour 2 min ago
Base metals prices on the London Metal Exchange were generally suppressed during morning trading on Monday March 25, continuing on the downward trajectory from last week.
Categories: Metals Industry News

FOCUS: Ramp-up in Chinese zinc production to accelerate in Q2, sources say

Base Metals Market - 2 hours 23 min ago
A ramp-up in Chinese zinc production is expected to accelerate from the second quarter of this year, boosted by the completion of upgrades at smelting facilities across the country and a surge in treatment charges (TCs) amid a relatively oversupplied raw materials market, sources told Fastmarkets.
Categories: Metals Industry News

METALS MORNING VIEW 25/03: Metals prices start week poorly amid risk-off sentiment

Base Metals Market - 2 hours 37 min ago
The London Metal Exchange three-month base metals prices ran into follow-through selling on the morning of Monday March 25 following the weak economic data points released at the end of last week.
Categories: Metals Industry News

LIVE FUTURES REPORT 25/03: SHFE copper prices drop on firm dollar, global economic growth concerns

Base Metals Market - 7 hours 38 min ago
Copper led the rest of the base metals traded on the Shanghai Futures Exchange downward during morning trading on Monday March 25, with a firm US dollar and weak economic data weighing on sentiment.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from March 22

Base Metals Market - 12 hours 12 min ago
Here are five Fastmarkets MB stories you might have missed on Friday March 22 that are worth another look.
Categories: Metals Industry News

US twitch-A380.1 price spread slims to 20-month low

Base Metals Market - Fri, 03/22/2019 - 21:56
Gains in non-ferrous auto shred (twitch) prices in the United States have whittled the spread to benchmark A380.1 aluminium to an over 20-month low.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 22/03: Cobalt prices continue downward trend

Base Metals Market - Fri, 03/22/2019 - 21:10
An overview of the battery raw materials markets and their price moves from the past week.
Categories: Metals Industry News

SECTION 232: A year full of legal challenges

Base Metals Market - Fri, 03/22/2019 - 20:56
The implementation of tariffs and quotas against US steel and aluminium imports has been heralded and criticized as an unusual trade remedy, with President Donald Trump's administration applying blanket duties rather than more focused - and more typical - anti-dumping and countervailing margins.
Categories: Metals Industry News

SECTION 232: One year later, hits and misses

Base Metals Market - Fri, 03/22/2019 - 20:52
As of March 23, it has been a full year since US President Donald Trump’s administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/03: LME copper price dips 1.7% amid poor PMI data

Base Metals Market - Fri, 03/22/2019 - 18:21
Copper’s three-month price on the London Metal Exchange was lower at the close of trading on Friday March 22, ending the week down more than 3% and closing just above $6,300 per tonne.
Categories: Metals Industry News

ALUMINA SNAPSHOT: Index moves to highest since Dec 2018 ahead of Fastmarkets conference

Base Metals Market - Fri, 03/22/2019 - 16:46
Fastmarkets’ alumina index fob Australia moved to its highest level since early December due to unrelenting market tightness.
Categories: Metals Industry News

ICBC revises all base metals price forecasts lower for 2019 on negative macroeconomic indicators

Base Metals Market - Fri, 03/22/2019 - 15:52
The Industrial and Commercial Bank of China (ICBC) has revised its base metals price forecasts lower across the board for 2019 in its latest base metals outlook report, specifying global recession fears and a rising macro-financial tide in its adjustments.
Categories: Metals Industry News

Hydro disagreement with Brazil authorities puts bauxite production at stake [UPDATE]

Base Metals Market - Fri, 03/22/2019 - 14:49
A conflict between Norwegian aluminium group Norsk Hydro and the Brazilian federal prosecutors’ office, MPF, could put the company’s bauxite production in the Northern state of Pará at risk.
Categories: Metals Industry News

Hydro disagreement with Brazil authorities puts bauxite production at stake

Base Metals Market - Fri, 03/22/2019 - 14:49
A conflict between Norwegian aluminium group Norsk Hydro and the Brazilian federal prosecutors’ office, MPF, could put the company’s bauxite production in the Northern state of Pará at risk.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/03: Comex copper depressed in final session amid surging dollar

Base Metals Market - Fri, 03/22/2019 - 13:22
Comex copper prices failed to hold onto previous gains on Friday March 22, with a stronger dollar and concerns over global economic growth weighing on the base metals complex.
Categories: Metals Industry News

SHFE STOCKS REPORT 22/03: Base metals stocks show divergent movement

Base Metals Market - Fri, 03/22/2019 - 13:02
Base metal stocks on Shanghai Futures Exchange-approved warehouses showed divergent trends during the week ending Friday March 22, with zinc stocks falling by 6.5% but those of aluminium, tin and lead rising.
Categories: Metals Industry News

Glencore halts McArthur River zinc mine ops ahead of Cyclone Trevor

Base Metals Market - Fri, 03/22/2019 - 11:55
Glencore has halted mining operations and loading activities at its McArthur River zinc mine ahead of the arrival of Cyclone Trevor, the Australian miner said on Friday in an emailed statement to Fastmarkets.
Categories: Metals Industry News

Aluminium warrant premiums in Korea rise sharply amid warehouse outflows

Base Metals Market - Fri, 03/22/2019 - 11:25
Warrant traders are reporting a big spike in Korean aluminium warrant premiums amid a substantial supply shortage in the region, Fastmarkets understands.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 22/03: Copper, aluminium, zinc, nickel

Base Metals Market - Fri, 03/22/2019 - 11:10
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 22*
Categories: Metals Industry News

Q2 MJP benchmark settlement nears with more deals done at $105/t

Base Metals Market - Fri, 03/22/2019 - 11:09
Major aluminium producers and Japanese buyers are closer to reaching a premium settlement for its second-quarter aluminium supply after further deals were concluded at a premium of $105 per tonne to main Japanese ports (MJP), Fastmarkets learned on Friday March 22.
Categories: Metals Industry News

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