You are here

Metals Industry News

LIVE FUTURES 23/07: LME base metals end week higher; nickel up 2.3%

Base Metals Market - Fri, 07/23/2021 - 16:44
Base metals prices on the London Metal Exchange were mostly higher at the close on Friday July 23, with nickel up 2.3%.
Categories: Metals Industry News

NEW ENERGY MATERIALS MARKET REPORT 23/07: Domestic China battery-grade lithium prices up on consumers’ restocking

Base Metals Market - Fri, 07/23/2021 - 15:40
An overview of the new energy materials markets and their price moves from the past week.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: Smelters well-supplied; fewer miners' offers on spot

Base Metals Market - Fri, 07/23/2021 - 15:27
Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.
Categories: Metals Industry News

Henan floods cause disruption in China alumina market

Base Metals Market - Fri, 07/23/2021 - 12:48
China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.
Categories: Metals Industry News

Henan flooding disrupts transport networks but ali, lead, zinc and copper output largely unscathed

Base Metals Market - Fri, 07/23/2021 - 11:08
The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.
Categories: Metals Industry News

AT A GLANCE: Norsk Hydro Q2 total revenue up 36% vs 2020; alumina, aluminium production up

Base Metals Market - Fri, 07/23/2021 - 11:05
Norwegian-based aluminium and renewable energy producer Norsk Hydro released a summary of financial and production results for the second quarter of 2021 on Friday July 23.
Categories: Metals Industry News

LIVE FUTURES 23/07: Tin hits new high, base metals broadly up

Base Metals Market - Fri, 07/23/2021 - 09:25
London Metal Exchange tin prices traded at fresh all-time highs of $34,700 per tonne on Friday July 23, with base metals starting the day in an uptrend despite mixed data from Europe's manufacturing industry.
Categories: Metals Industry News

SHFE STOCKS REPORT 23/07: Base metal inventories diverge; Zinc up 18.2%

Base Metals Market - Fri, 07/23/2021 - 09:12
Inventories of the base metals diverged in Shanghai Futures Exchange-registered warehouses this week, with zinc gaining the most at 21.3% while copper stocks fell by 18.2%, according to the stocks report on Friday July 23.
Categories: Metals Industry News

Chinalco’s 1-mln-tpy alumina refinery in Henan suspends ops amid heavy floods

Base Metals Market - Fri, 07/23/2021 - 07:15
Chinalco Mining Co, a subsidiary of China Aluminium Group located in Luoyang city, Henan has suspended operations at its alumina refinery due to severe floods affecting the province in the past few days, Fastmarkets learned on Friday July 23.
Categories: Metals Industry News

MORNING VIEW: Gains across most base metals suggests underlying sentiment remains bullish

Base Metals Market - Fri, 07/23/2021 - 07:09
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally stronger this morning, Friday July 23, the exception was lead on the LME that was down by 0.5%, but that was after a strong gain on Thursday.
Categories: Metals Industry News

IN FIGURES: China's base metals imports in June

Base Metals Market - Fri, 07/23/2021 - 03:39
A summary of China’s base metals imports for June 2021, according to Chinese customs data released on Wednesday July 21.
Categories: Metals Industry News

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

Base Metals Market - Thu, 07/22/2021 - 23:05
Here are five Fastmarkets stories you might have missed on Thursday July 22 that are worth another look.
Categories: Metals Industry News

PRICING NOTICE: Open consultation on secondary aluminium assessments going through IOSCO audit

Base Metals Market - Thu, 07/22/2021 - 18:24
Fastmarkets is inviting feedback from the industry on the pricing methodology for MB-AL-0005 aluminium pressure diecasting ingot DIN226/A380, delivered Europe, and MB-AL-0040 aluminum alloy A380.1, delivered Midwest, as part of a methodology review process to meet the International Organization of Securities Commissions (IOSCO) principles.
Categories: Metals Industry News

LIVE FUTURES 22/07: Base metals prices remain strong, tin hits new all-time high, copper up 1%

Base Metals Market - Thu, 07/22/2021 - 16:58
Base metals prices were up across the board at the 5pm close of trading on the London Metal Exchange on Thursday July 22, with the market appearing to calm down after a recent period of choppy trading.
Categories: Metals Industry News

Freeport still eyeing Chile fiscal regime before approving El Abra copper expansion

Base Metals Market - Thu, 07/22/2021 - 16:40
A large-scale expansion at Freeport-McMoRan’s El Abra copper mine in Chile is still being evaluated, although potential changes to the country’s fiscal regime could lead to its deferment, the US copper producer said.
Categories: Metals Industry News

Freeport advancing Gresik expansion, to up stake in PT Smelting

Base Metals Market - Thu, 07/22/2021 - 16:34
Freeport McMoRan’s subsidiary PT-Freeport Indonesia (PT-FI) is advancing agreements to expand its Gresik copper smelter and refinery by 30% and plans to up its stake in PT Smelting to a majority interest, the company said.
Categories: Metals Industry News

Freeport reiterates 2021 sales target of 1.75 million tonnes

Base Metals Market - Thu, 07/22/2021 - 16:27
United States copper producer Freeport-McMoRan reiterated its 2021 consolidated sales target of around 3.85 billion lbs (1.75 million tonnes) of copper while its ramp-up to underground mining at its Grasberg mine in Indonesia continues.
Categories: Metals Industry News

PRICING NOTICE: Correction to alumina index, fob Australia

Base Metals Market - Thu, 07/22/2021 - 16:05
Fastmarkets has corrected its alumina index, fob Australia, which was published incorrectly on Tuesday July 20 and Wednesday July 21 due to an index calculation error.
Categories: Metals Industry News

MORNING VIEW: Base metals continue to consolidate after avoiding deeper pullback

Base Metals Market - Thu, 07/22/2021 - 10:51
Base metals prices on both the LME and SHFE were mixed this morning, Thursday July 22, but have generally recovered from Monday’s weakness, suggesting the dip-buying mentality still dominates.
Categories: Metals Industry News

LIVE FUTURES 22/07: Base metals prices continue recovery; copper up 0.9%

Base Metals Market - Thu, 07/22/2021 - 09:51
Base metals prices were largely higher on the London Metal Exchange on the morning of Thursday July 22, recovering further after from Monday's fragility.
Categories: Metals Industry News

Pages

Subscribe to Allied Metal Group aggregator - Metals Industry News
Site content copyright © The Allied Metal Group, Inc.