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Metals Industry News

China Molybdenum raises stake in DRC copper-cobalt Tenke mine

Base Metals Market - Fri, 01/18/2019 - 22:37
China Molybdenum has raised its stake in the Tenke copper-cobalt mine in Democratic Republic of Congo (DRC) despite the policy uncertainties arising from the recent political turmoil.
Categories: Metals Industry News

US non-ferrous auto shred price pressured by supply concerns

Base Metals Market - Fri, 01/18/2019 - 19:07
Pressure is mounting in the non-ferrous auto shred (twitch) market in the United States, with suppliers and consumers in strong negotiations for material next month.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/01: Focus on US-China trade talks as nickel rises 1.9%

Base Metals Market - Fri, 01/18/2019 - 19:05
Prices in the base metals complex consolidated higher at the close of trade on Friday January 18 amid continued optimism about trade talks between the United States and China, and increased bullish sentiment overall.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 18/01: Cobalt supply availability pushes price lower

Base Metals Market - Fri, 01/18/2019 - 17:49
An overview of the battery raw materials markets and their price moves from the past week.
Categories: Metals Industry News

PEOPLE MOVES: Trevali CEO Mark Cruise resigns

Base Metals Market - Fri, 01/18/2019 - 16:54
Canadian zinc miner Trevali is set for broad leadership changes after Mark Cruise stepped down as president and chief executive officer, it said on Thursday January 17.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/01: Comex copper price extends positive momentum

Base Metals Market - Fri, 01/18/2019 - 15:49
The Comex copper price continued to move higher on Friday January 18 ahead of the US public holiday amid a short-covering rally.
Categories: Metals Industry News

PEOPLE MOVES: Jiangxi Copper appoints new general manager after six-month vacuum

Base Metals Market - Fri, 01/18/2019 - 15:38
Jiangxi Copper has appointed Zheng Gaoqing as its new general manager after the key leadership position had been left vacant for six months, the major Chinese copper producer said on Friday January 18.
Categories: Metals Industry News

Alcoa forecasts 2019 alumina surplus on China production rises [CORRECTED]

Base Metals Market - Fri, 01/18/2019 - 15:20
United States-based Alcoa, the world’s eighth-largest aluminium producer, has forecast a surplus of alumina in 2019 while it increases aluminium metal shipments.
Categories: Metals Industry News

SHFE STOCKS REPORT 18/01: Zinc, copper and lead stocks up due to thin trades ahead of Chinese Lunar New Year

Base Metals Market - Fri, 01/18/2019 - 14:46
Copper, zinc and lead stocks on the Shanghai Futures Exchange were up week on week on Friday January 18 in a quiet trading week in China, while aluminum, nickel and tin stocks fell.
Categories: Metals Industry News

MJP aluminium stocks up 7.2% in Dec vs Nov 2018 - Marubeni

Base Metals Market - Fri, 01/18/2019 - 12:24
Primary aluminium stocks at the three main Japanese ports (MJP) climbed 7.2% month on month in December, based on data released by major Japanese trading house Marubeni on Friday January 18.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/01: LME base metals firmer amid rising US-China trade deal optimism; 22kt aluminium freshly canceled

Base Metals Market - Fri, 01/18/2019 - 11:28
Growing optimism for a US-China trade agreement has prompted London Metal Exchange base metals prices to consolidate higher across the board in morning trading on Friday January 18, with zinc’s 1.3% increase leading the charge.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 18/01: Copper, aluminium, zinc, nickel

Base Metals Market - Fri, 01/18/2019 - 09:00
The arbitrage for copper, aluminium, zinc and nickel imported into China on Friday January 18*
Categories: Metals Industry News

METALS MORNING VIEW 18/01: Metals prices strengthen while optimism on US-China trade deal grows

Base Metals Market - Fri, 01/18/2019 - 08:40
Growing optimism over the outlook for a trade agreement between the United States and China has led to a stronger tone across risk markets, including those for metals.
Categories: Metals Industry News

FOCUS: End in sight for Asian stainless steel price war

Base Metals Market - Fri, 01/18/2019 - 07:35
Import prices for stainless steel in Asia appear to have stabilized after a six-month slump thanks to an uptick in demand, a recovery in the nickel market and a potential drop in Indonesian supply.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/01: SHFE base metals prices rally on easing US-China trade tensions; tin dips

Base Metals Market - Fri, 01/18/2019 - 04:45
Most base metals prices on the Shanghai Futures Exchange were up during Asian morning trading on Friday January 18, with the complex benefiting from renewed optimism that US-China trade tensions may ease.
Categories: Metals Industry News

RIO TINTO AT A GLANCE: Q4 production results

Base Metals Market - Fri, 01/18/2019 - 01:15
Summary of Rio Tinto's fourth-quarter production results for the three months ended December 31, 2018: (Rio Tinto share unless otherwise indicated, year-on-year change)
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 17

Base Metals Market - Fri, 01/18/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Thursday January 17 that are worth another look.
Categories: Metals Industry News

US copper scrap market moves closer to balance

Base Metals Market - Thu, 01/17/2019 - 22:23
The copper and brass scrap markets in the United States are shifting back toward a supply-demand balance, but availability of some high-grade copper scrap items remains tight and continues to pressure spreads.
Categories: Metals Industry News

Alcoa forecasts 2019 alumina surplus on production rises, better market

Base Metals Market - Thu, 01/17/2019 - 20:58
United States-based Alcoa, the world’s eighth-largest aluminium producer, has forecast a surplus of alumina in 2019 while it increases metal production across the board.
Categories: Metals Industry News

BNP Paribas applies for LME category II membership

Base Metals Market - Thu, 01/17/2019 - 19:18
French international banking group BNP Paribas has applied for category II membership of the London Metal Exchange, according to a notice released to members on Thursday January 17.
Categories: Metals Industry News

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