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Metals Industry News

LME imposes measures to cool copper market

Base Metals Market - 2 hours 24 min ago
The London Metal Exchange has imposed a series of temporary measures to maintain an orderly copper market after wild outright and spread price moves and dwindling inventories in recent days, the exchange said.
Categories: Metals Industry News

Novelis to add 124kt of Al in US with $130mln investment

Base Metals Market - 4 hours 53 min ago
Novelis will invest approximately $130 million to upgrade its operations in Oswego, New York, the global aluminum rolling and recycling firm said in a press release on October 18.
Categories: Metals Industry News

LME WEEK 2021: Winners and losers in the aluminium market

Base Metals Market - 5 hours 31 min ago
From supply chain disruptions to London Metal Exchange spreads, aluminium market participants discussed a wide variety of topics during LME Week, and what they could mean for the market in the months ahead.
Categories: Metals Industry News

LIVE FUTURES 19/10: Base metals dip after strong start

Base Metals Market - 5 hours 43 min ago
Base metals on the London Metal Exchange closed lower day on day on Tuesday October 19 after a strong open.
Categories: Metals Industry News

Russia removes or reduces duties on ferro-alloy exports

Base Metals Market - 5 hours 53 min ago
The Russian government has removed or reduced existing export duties on ferro-alloys, effective October 15, after responding to domestic industry concerns, trade sources said.
Categories: Metals Industry News

LME WEEK 2021: Digitalization could provide efficiency and a new route to market

Base Metals Market - 12 hours 20 min ago
Digitalization can provide the metals trading industry with several benefits, including access to buyers’ and suppliers’ networks, panellists said at an LME Week seminar in London on October 11.
Categories: Metals Industry News

LIVE FUTURES 19/10: LME base metals prices all up; copper’s C/3M spread at $740/t backwardation

Base Metals Market - 12 hours 28 min ago
Base metals prices on the London Metal Exchange all performed well during morning trading on Tuesday October 19, while high energy prices and lower production levels continued to squeeze the markets.
Categories: Metals Industry News

MORNING VIEW: Base metals squeezed higher with copper’s C/3m spread rising above $1,100/t

Base Metals Market - 14 hours 4 min ago
Base metals prices continued to soar higher this morning, Tuesday October 19, with cash prices rising at an even faster pace while shorts are squeezed. Cash copper prices on the London Metal Exchange were evaluated on Monday evening at $1,103.50 per tonne.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from October 18

Base Metals Market - Mon, 10/18/2021 - 23:05
Here are five Fastmarkets stories you might have missed on Monday October 18 that are worth another look.
Categories: Metals Industry News

Toyota to invest $3.4bln in US auto, EV batteries

Base Metals Market - Mon, 10/18/2021 - 21:41
Toyota will invest approximately $3.4 billion in automotive batteries in the United States through 2030, the Japanese automaker said on Monday October 18 .
Categories: Metals Industry News

Argentina's Aluar to resume remaining 25% restricted aluminium capacity

Base Metals Market - Mon, 10/18/2021 - 20:38
Argentinian aluminium producer Aluar will resume a quarter of its production capacity that has been restricted since the beginning of the Covid-19 pandemic after the federal government guaranteed power supply at lower costs, the company and the government said jointly on Wednesday October 13.
Categories: Metals Industry News

LIVE FUTURES 18/10: LME prices fall from highs but stay elevated; copper C/3M at $600/t backwardation

Base Metals Market - Mon, 10/18/2021 - 20:34
London Metal Exchange prices ended broadly lower on the afternoon of Monday October 18 after rising to new highs during the trading day, while copper spread backwardations reached previously unseen figures.
Categories: Metals Industry News

Vale's Onça Puma nickel ops suspended again; company plans appeal

Base Metals Market - Mon, 10/18/2021 - 19:24
Vale's operational license at its Onça Puma nickel mine in northern Brazil has again been suspended by the state court of Pará, the Brazilian mining company said on Monday October 18.
Categories: Metals Industry News

Ford to invest $316mln to build electric car components in UK

Base Metals Market - Mon, 10/18/2021 - 17:03
Ford Motor will invest $316 million to build electric car components at its Halewood factory in northern England, it said.
Categories: Metals Industry News

AT A GLANCE: Peru's Buenaventura Q3 output down on lower recovery, blockades

Base Metals Market - Mon, 10/18/2021 - 16:27
A summary of Peru-based miner Buenaventura’s output and sales figures for the third quarter of 2021, as stated in its production report published on Friday October 15.
Categories: Metals Industry News

Off-warrant lead stocks plunge in August, decrease for aluminium, nickel; uptick in copper

Base Metals Market - Mon, 10/18/2021 - 15:57
The total amount of lead held outside of the London Metal Exchange's warehouses fell by 77.6% over August, with most other metals also posting declines, according to the LME's latest report.
Categories: Metals Industry News

LIVE FUTURES 18/10: LME metals prices stay high; eyes on backwardated spreads

Base Metals Market - Mon, 10/18/2021 - 09:21
Base metals prices on the London Metal Exchange mostly rose during morning trading on Monday October 18, due to continued fears of supply tightness.
Categories: Metals Industry News

MORNING VIEW: Base metal prices strong as energy shortages threaten supply

Base Metals Market - Mon, 10/18/2021 - 09:02
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were generally up strongly this morning, Monday October 18, with energy shortages and high energy prices continuing to affect supply. The market seems to be ignoring, for now, the weaker economic data out of China.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from October 15

Base Metals Market - Sun, 10/17/2021 - 23:05
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES 15/10: LME copper spreads backwardated until 2024, zinc up 22% from Monday

Base Metals Market - Fri, 10/15/2021 - 16:33
The entirety of copper's London Metal Exchange forward curve ended the day in a backwardated state on October 15, with fears of supply tightness taking over metals across the board.
Categories: Metals Industry News

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