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Metals Industry News

Change to Fastmarkets’ base metals arbitrage calculation on May 23

Base Metals Market - 3 hours 57 min ago
Fastmarkets used the London Metal Exchange base metals prices at 9:41am London time for the arbitrage calculations on Monday May 23, because there was no data available at 8:00am due to a system error.
Categories: Metals Industry News

Rio Tinto in biofuel trial with BP to cut carbon emissions from shipping

Base Metals Market - 5 hours 11 min ago
Rio Tinto and BP have agreed to work together on a one-year biofuel trial intended to help reduce carbon emissions from Rio Tinto’s marine fleet, the metals and mining company said on Monday May 23.
Categories: Metals Industry News

China’s aluminium ingot exports surge y-o-y in April

Base Metals Market - 7 hours 7 min ago
China’s exports of aluminium ingot surged by 6,564% year on year in April due to inter-regional arbitrage opportunities.
Categories: Metals Industry News

Pessimism spreads along China’s stainless steel supply chain despite easing curbs

Base Metals Market - 8 hours 43 min ago
While the resurgence of Covid-19 in China affected its stainless steel supply chain in the past two months, sustained weakness for such products is clouding some of its upstream raw materials markets.
Categories: Metals Industry News

LME base metals open higher, with exception of nickel

Base Metals Market - 9 hours 15 min ago
Base metal prices were broadly higher in early trading on the London Metal Exchange on Monday May 23, with nickel the only metal in the complex to open lower.
Categories: Metals Industry News

China's base metals imports in April 2022

Base Metals Market - 9 hours 52 min ago
A summary of China’s base metals imports in April 2022, according to Chinese customs data released on Friday May 20.
Categories: Metals Industry News

Industry execs launch Exurban to develop zero-waste circular economy smelter, refinery

Base Metals Market - 15 hours 51 min ago
A group of senior executives including Stefan Boel, Ian Scarlett and David Lilley, are developing the world's first zero-waste circular economy smelter and refinery through a newly formed company, Exurban.
Categories: Metals Industry News

Five key stories from May 20

Base Metals Market - Sun, 05/22/2022 - 23:05
Here are five Fastmarkets stories you might have missed on Friday May 20 that are worth another look.
Categories: Metals Industry News

Aluminium extrusion billet price falls from peak in bearish market

Base Metals Market - Fri, 05/20/2022 - 18:30
The aluminium extrusion billet premium in the United States fell from its all-time high on Friday May 20, amid lessening spot demand and a general downtrend in sentiment in the country’s aluminium market.
Categories: Metals Industry News

International cobalt metal prices soften on lower offers, quiet spot market

Base Metals Market - Fri, 05/20/2022 - 18:10
An overview of the new energy materials markets and their price moves from the past week.
Categories: Metals Industry News

LME nickel retreats 2% after strong rally on Thursday; lead price up 3.7%

Base Metals Market - Fri, 05/20/2022 - 17:35
The upward momentum in nickel price did not continue on Friday May 20, with the battery making metal retreating by 2.5% on London Metal Exchange day on day.
Categories: Metals Industry News

JX Nippon sells 49.9% stake in Korean copper smelter LS Nikko

Base Metals Market - Fri, 05/20/2022 - 16:31
JX Nippon Mining & Metals has agreed to sell its stake in South Korean copper smelter LS Nikko to its partner LS Corp, JX Nippon announced on Thursday May 19.
Categories: Metals Industry News

Copper TCs down slightly with no end to Las Bambas outage

Base Metals Market - Fri, 05/20/2022 - 15:52
Spot copper concentrate processing charges continued to fall in the week ended Friday May 20, with purchases seen to be making up for the absence of supplies due to the Las Bambas mine outage.
Categories: Metals Industry News

Chinese alumina exports into Russia likely to continue despite narrowed arbitrage - sources

Base Metals Market - Fri, 05/20/2022 - 13:53
Traders in China could continue exporting alumina into Russia, even though the export terms have already turned negative, sources have told Fastmarkets.
Categories: Metals Industry News

China’s NPI price dips on weak downstream demand

Base Metals Market - Fri, 05/20/2022 - 13:35
China’s nickel pig iron (NPI) price declined slightly in the week to Friday May 20, while nickel ore prices were stable amid low supply, market sources told Fastmarkets.
Categories: Metals Industry News

Metal Exchange Corp acquires aluminium distributor Medalco Metals

Base Metals Market - Fri, 05/20/2022 - 12:45
Metal Exchange Corp has acquired fellow United States-based Medalco Metals Inc, a distributor of light-gauge aluminium rolled products, the company said on Thursday May 19.
Categories: Metals Industry News

Turquoise Hill gets debt funding from Rio Tinto while it considers buy-out bid

Base Metals Market - Fri, 05/20/2022 - 12:02
Rio Tinto is to provide Turquoise Hill Resources Ltd with interim debt funding of up to $400 million while the Montreal, Canada-based company evaluates the London-listed miner’s bid for the company.
Categories: Metals Industry News

Codelco appoints Fuenzalida head of non-refined copper, sulfuric acid

Base Metals Market - Fri, 05/20/2022 - 11:55
Chilean state-owned copper producer Codelco has appointed Cristobal Fuenzalida to lead its non-refined copper and sulfuric acid business, according to a statement to customers seen by Fastmarkets on Thursday May 19.
Categories: Metals Industry News

Arconic to pursue sale of Russia’s Samara

Base Metals Market - Fri, 05/20/2022 - 10:40
Arconic Corp will pursue the sale of its Samara Metallurgical Plant, one of Russia’s largest producers of fabricated aluminium, after the war in Ukraine made the operation there “untenable,” the company said.
Categories: Metals Industry News

Most LME base metals price edge up; lead climbs 3.8%

Base Metals Market - Fri, 05/20/2022 - 10:32
Base metals prices on the London Metal Exchange were mostly up during morning trading on Friday May 20, with nickel the exception.
Categories: Metals Industry News

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