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Metals Industry News

Noranda Income Fund cuts zinc production, sales forecast

Base Metals Market - 53 min 13 sec ago
Noranda Income Fund (NIF) has reduced its 2019 zinc metal sales and output guidance after unexpected maintenance outages and challenges to its production.
Categories: Metals Industry News

Rusal ramps up aluminium alloy capacity to meet future auto demand

Base Metals Market - 1 hour 9 min ago
Russian producer UC Rusal has completed the installation of a new aluminium smelter with capacity for 120,000 tonnes per year at its Boguchansky plant at Krasnoyarsk in Russia, it said on Tuesday July 23.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/07: LME tin dips 2% in high-vol trading; copper below $6,000/t

Base Metals Market - 2 hours 53 min ago
Tin’s three-month price on the London Metal Exchange fell by some 2% at the close of trading on Tuesday July 23, slipping to a fresh low of $17,555 per tonne over the day’s trading - the lowest level since 2016 - while copper futures failed to close above the nearby $6,000-per-tonne resistance level.
Categories: Metals Industry News

Alunorte alumina refinery at 80-85% capacity; Albras smelter also ramping up successfully

Base Metals Market - 8 hours 56 min ago
Norsk Hydro’s Alunorte alumina refinery has reached 80-85% utilization after the Brazilian government lifted a production embargo against the facility in May.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/07: LME tin price climbs while tin lags behind in mixed trading

Base Metals Market - 10 hours 11 min ago
Nickel’s three-month price on the London Metal Exchange was higher during morning trading on Tuesday July 23, continuing its upward trajectory above $14,300 per tonne, while tin’s three-month price slipped to just over $17,630 per tonne - close to its lowest level since 2016.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices consolidate after Monday’s pullbacks

Base Metals Market - 11 hours 48 min ago
Against a backdrop of poor economic growth, especially in Germany and China, and in the absence of fresh news, markets seem to be content to consolidate this morning, Tuesday July 23.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/07: Most SHFE base metals prices drift; zinc rises 0.5%

Base Metals Market - 14 hours 25 min ago
Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Tuesday July 23 with zinc, lead and tin ticking upward, while the rest drifted lower.
Categories: Metals Industry News

VALE AT A GLANCE: Q2 2019 base metals production results

Base Metals Market - 15 hours 16 min ago
A summary of Vale's base metals production results for the second quarter of 2019.
Categories: Metals Industry News

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

Base Metals Market - 20 hours 36 min ago
Here are five Fastmarkets MB stories you might have missed on Monday July 22 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/07: LME nickel price holds above $14,000/t despite 3% drop; tin climbs higher

Base Metals Market - Mon, 07/22/2019 - 18:01
Nickel’s three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin’s 1.3% climb.
Categories: Metals Industry News

PRICING NOTICE: Change to frequency of bauxite price assessments

Base Metals Market - Mon, 07/22/2019 - 16:37
Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly.
Categories: Metals Industry News

Aluminium billet premium in Italy at its lowest since 2017; market expects ‘ugly’ Q4 negotiations

Base Metals Market - Mon, 07/22/2019 - 12:50
The premium for aluminium billet in Italy has fallen to its lowest in over two years due to aggressively low offers from suppliers and continued poor demand.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/07: Base metals drift on weak macro; Ni down 2.3%

Base Metals Market - Mon, 07/22/2019 - 10:50
The prices paid for base metals traded on the London Metal Exchange were almost universally suppressed during morning trading on Monday July 22, with uninspiring macro data precipitating thin trading volumes
Categories: Metals Industry News

MORNING VIEW: LME base metals prices correct while traders reconsider US rate cut expectations

Base Metals Market - Mon, 07/22/2019 - 09:38
Rising tension over Iran and a reduction in expectations on the size of the next US Federal Reserve rate cut were weighing on sentiment this morning, Monday July 22.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/07: SHFE base metals prices retreat; nickel slumps 2.8%

Base Metals Market - Mon, 07/22/2019 - 05:39
Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Monday July 22, with nickel and zinc leading the decline with drops of 2.8% and 1.7% respectively.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 19

Base Metals Market - Mon, 07/22/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday July 19 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES 19/07: Copper up 1.65% on strong volumes; nickel down

Base Metals Market - Fri, 07/19/2019 - 18:55
Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex.
Categories: Metals Industry News

MMG AT A GLANCE: Q2 production results, full-year guidance

Base Metals Market - Fri, 07/19/2019 - 17:12
MMG’s production results for the second quarter of 2019 and the full-year production guidance.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 19/07: Speculative buying pushes Chinese cobalt prices slightly higher

Base Metals Market - Fri, 07/19/2019 - 16:42
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

SHFE STOCKS REPORT 19/07: Copper stocks rise over 6% amid low demand, renewed US-China trade concerns

Base Metals Market - Fri, 07/19/2019 - 15:45
Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world’s two largest economies.
Categories: Metals Industry News

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