Metals Industry News

Poor demand and ongoing bearish sentiment surrounding the European economy continued to keep premiums for aluminium foundry in the region tepid on Friday September 13.

The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday September 13, with the price near the $6,000 per tonne resistance level and closing at its highest level since July 29, while tin’s outright price fell over the afternoon.

An overview of the battery raw materials markets and their latest price moves.

Fastmarkets MB has corrected its copper concentrates index, which was published incorrectly on Friday September 13 due to an error.

Vale’s nickel processing Onça Puma plant in the northern state of Pará will resume operations after the Brazilian Supreme Court ruled in its favor, the miner said on Thursday September 12.

London Stock Exchange Group (LSEG) has rejected Hong Kong Exchanges & Clearing's (HKEX) unsolicited bid for the company and remains committed to a proposed acquisition of data provider Refinitiv, it said in a release on Friday September 13.

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday September 13, declining by around 2.7% against a fresh inflow of some 12,000 tonnes, while copper futures continued to trade in an uptrend.

Here are five Fastmarkets MB stories you might have missed on Thursday September 12 that are worth another look.

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday September 12, while considerable tightness in the metal’s forward spreads prompted market questions of prospective deliveries into LME warehouses to ease trading conditions.

The proposal by Hong Kong Exchanges & Clearing Ltd (HKEX) to buy the London Stock Exchange Group (LSEG) has raised a number of questions among metals market participants, most of whom are skeptical that the deal will go through during a time of political upheaval.

All base metal stocks at Shanghai Futures Exchange-approved warehouses, barring tin, fell in the week to Thursday September 12 as a result of a pick-up in activity at the start of the traditionally busy season of September and October for the non-ferrous metals sector.

The three-month copper price on the London Metal Exchange approached its highest level since August 1 during morning trading on Thursday September 12 amid high morning turnover, while the nickel price also appreciated by 2%.

Domestic stainless steel prices in China narrowed over the past week amid a mixed outlook for demand in the next few weeks.

Base metals prices on the Shanghai Futures Exchange were little changed during the morning session on Thursday September 12, with trading activity light ahead of a national holiday in China on Friday to mark the Mid-Autumn Festival.

Here are five Fastmarkets MB stories you might have missed on Wednesday September 11 that are worth another look.

The three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw copper fall through its nearby $5,800 per tonne support level.

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 11.

Zambian copper production will drop by 11.6% this year after a series of tax reforms have led to production cost hikes, an industry body said in a statement on Wednesday September 11.

North European premiums for zinc continued to rise at the top end of the range despite subdued spot-market business, while premiums in all other regions traded flat in the week ended Tuesday September 10.

Norsk Hydro will cut foil production at its rolled products operations by about 30% by the end of 2020 in a widespread restructuring of this business segment, the Norwegian aluminium producer told Fastmarkets on Tuesday September 10.