Metals Industry News

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Tuesday September 25.

Base metals prices on the Shanghai Futures Exchange were broadly weaker during Asian morning trading on Tuesday September 25, with participants taking a cautious approach to trading following the recent escalation in trade tensions between China and the United States.

The prices of base metals on the London Metal Exchange were predominantly lower at the close of trading on Monday September 24, broadly capped by weakening investor sentiment amid another round of US-imposed tariffs on approximately $200 billion worth of Chinese goods.

Metal Bulletin's Shanghai bonded copper stock assessment, scheduled for Monday September 24, 2018, will be published on Tuesday due to a Chinese national holiday today.

Comex copper prices maintained Friday's surge during morning trading on September 24 in the US, with a softer dollar supporting the red metal amid ongoing concerns of a long-term trade war between the US and China.

An investigation committee deciding the fate of the 400,000 tonne per year Tuticorin copper smelter said the majority of representatives supported its closure, according to local media reports on Sunday September 23.

ICBC Standard Bank has appointed Adam Brake and Evan Richards to the base metals team to develop the base metals trading arm of the bank, ICBC said in a release on Monday September 24.

The latest metal markets news and price moves to start the North American day on Monday September 24.

The latest metal markets news and price moves to start the North American day on Monday September 24.

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday September 24, capped by the US administration’s imposition of further tariffs on $200 billion worth of Chinese goods.

[Updating with additional detail on Kyen Resources expansion, Shenzhen Feima difficulties, context of Chinese ownership of physical metals traders]

Kyen Resources founder and managing director Victor Kuo has left the Singapore-based trading house, sources with knowledge of the matter told Metal Bulletin.

Three-month base metals prices on the London Metal Exchange were initially unchanged to weaker on the morning of Monday September 24, with prices down by an average of 0.5%. Trading had been quiet with Chinese and Japanese markets closed for holidays, but prices firmed after European trading picked up.

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Monday September 24.

Three-month base metals prices on the London Metal Exchange were down across the board during early trading on Monday September 24, with a ratcheting up of global trade tensions sapping the positivity seen in the market last week.

The US Treasury Department has extended the deadline for companies to wind down operations and contracts with UC Rusal from October 23 to November 12.

Copper mining group Antofagasta Minerals will start to extract molybdenum at its Centinela Mine in Chile from next year, with production ramping up to 2.000 tonnes in 2019, the company announced earlier this month.

Aluminium scrap prices in Europe fell to their lowest in several years , with a supply overhang continuing to batter the market.

An overview of the battery raw materials markets and their price moves from the past week.

An overview of the battery raw materials markets and their price moves from the past week.