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Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 27

Base Metals Market - 5 hours 49 min ago
Here are five Fastmarkets MB stories you might have missed on Monday January 27 that are worth another look.
Categories: Metals Industry News

Downstream Section 232 tariff confusion sparks speculation

Base Metals Market - Mon, 01/27/2020 - 23:27
A lack of information on the extended Section 232 tariffs that were announced by US President Donald Trump on Friday January 24 has made it difficult to predict the impact on the downstream steel and aluminium markets.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/01: Risk-aversion sees LME base metals prices crumble; zinc loses 3.6%

Base Metals Market - Mon, 01/27/2020 - 19:05
Base metals prices on the London Metal Exchange were significantly lower at the close of trading on Monday January 27, with the majority of three-month prices across the complex down by some 2% because of continued risk-aversion in commodity markets, with zinc futures leading the retreat to close at a six-week low.
Categories: Metals Industry News

APEX 2019: Bank Muscat, INTL FCStone/Ed Meir, ABN Amro clinch top spots

Base Metals Market - Mon, 01/27/2020 - 16:50
Bank Muscat’s Nishant Bhavsar and Ajit Mauskar led Fastmarkets’ Apex 2019 leaderboard for base metals analysis with an accuracy rate of 97.93%.
Categories: Metals Industry News

APEX Q4 2019: Bank Muscat, INTL FCStone, ABN Amro clinch top spots

Base Metals Market - Mon, 01/27/2020 - 16:50
Bank Muscat’s Nishant Bhavsar and Ajit Mauskar led Fastmarkets’ Apex 2019 leaderboard for base metals analysis with an accuracy rate of 97.93%.
Categories: Metals Industry News

Ferro-nickel discount refreshes historical low on growing NPI supply

Base Metals Market - Mon, 01/27/2020 - 16:50
The discount to the price of ferro-nickel in China has fallen to an all-time low amid building competition from Indonesian NPI supply and larger discounts assigned to quarterly contracts, Fastmarkets heard.
Categories: Metals Industry News

Greece to liquidate ferro-nickel producer Larco amid mounting debt concern

Base Metals Market - Mon, 01/27/2020 - 16:05
Greek authorities will liquidate majority-state-owned multi-metal miner Larco, one of Europe’s largest ferro-nickel producers, before selling off assets to investors, the country’s energy minister Kostis Hatzidakis said on Monday January 27.
Categories: Metals Industry News

January copper scrap discount narrows; expected to stay flat until renaming in July

Base Metals Market - Mon, 01/27/2020 - 12:59
The discount for copper scrap imported into China has narrowed in January with the level expected to remain flat until the scrap renaming policy takes effect in July.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/01: Selling pressure continues for LME nickel price; zinc slips below $2,300/t

Base Metals Market - Mon, 01/27/2020 - 10:39
The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday January 27, with macro risk-off sentiment prompting a 2.5% decline, while zinc futures followed lower.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 24

Base Metals Market - Mon, 01/27/2020 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday January 24 that are worth another look.
Categories: Metals Industry News

US aluminium scrap prices increase on offshore demand; A380.1 alloy price rises

Base Metals Market - Fri, 01/24/2020 - 22:22
Lingering demand from Asia caused prices for some aluminium scrap grades in the United States to climb again this past week despite the Lunar New Year holiday, celebrated January 24-30.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/01: Risk-off sentiment sees LME nickel fall below $13,000; tin sinks below $17,000

Base Metals Market - Fri, 01/24/2020 - 18:15
The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Friday January 24, losing more than 3% and sinking below nearby support to close at its lowest level in six months, while tin futures also struggled over the afternoon.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 24/01: Cobalt hydroxide payables increase further amid tighter spot supply

Base Metals Market - Fri, 01/24/2020 - 17:19
An overview of the battery raw materials markets and their price moves from the past week.
Categories: Metals Industry News

AT A GLANCE: Peru's Buenaventura misses 2019 guidance; copper, zinc output down

Base Metals Market - Fri, 01/24/2020 - 16:48
A summary of Buenaventura’s lead, zinc and copper production and sales volumes for the fourth quarter and full-year 2019, following the company's report released on Friday January 24.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RCs down in hope of rising demand in Apr

Base Metals Market - Fri, 01/24/2020 - 16:00
Fastmarkets' copper concentrates TC/RC index dips while the market pivots to second-quarter buying and participants expect greater spot demand to build during that time.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/01: LME nickel price continues downtrend; copper ticks above $6,000/t

Base Metals Market - Fri, 01/24/2020 - 10:32
The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday January 24, with price action continuing its descent against consistent inflows, while copper futures found support back above nearby resistance.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 23

Base Metals Market - Fri, 01/24/2020 - 00:05
Here are five Fastmarkets MB stories you might have missed on Thursday January 23 that are worth another look.
Categories: Metals Industry News

US non-ferrous scrap exports rise in January-November 2019

Base Metals Market - Thu, 01/23/2020 - 23:52
Exports of non-ferrous scrap from the United States increased by 3.7% in the first 11 months of last year, reaching more than 2.8 million short tons, with aluminium the only metal to register an increase during the period.
Categories: Metals Industry News

Miner Hudbay names Kukielski president, CEO

Base Metals Market - Thu, 01/23/2020 - 23:47
Hudbay Minerals has appointed Peter Kukielski the company’s president and chief executive officer, the copper-zinc miner said on Wednesday January 22.
Categories: Metals Industry News

Chile's Codelco starts copper production of El Teniente expansion project

Base Metals Market - Thu, 01/23/2020 - 19:40
Chilean state-run copper producer Codelco started production from the expansion to its El Teniente division on Thursday January 23, 10 months ahead of schedule, the company said on the day.
Categories: Metals Industry News

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