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Metals Industry News

LIVE FUTURES REPORT 16/04: Gains of over 3% for LME copper, zinc, lead and tin in the week

Base Metals Market - Fri, 04/16/2021 - 16:40
Almost all base metal futures prices rose by over 3% in the week ending Friday April 16, despite falling lower from their readings on Thursday, boosted in part by a US dollar index that has been at its lowest in a month.
Categories: Metals Industry News

NEW ENERGY MATERIALS MARKET REPORT 16/04: Spodumene price surges; cobalt, manganese softer

Base Metals Market - Fri, 04/16/2021 - 16:38
An overview of the new energy materials markets and their price moves from the past week.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RCs rebound on slowing smelter buying

Base Metals Market - Fri, 04/16/2021 - 15:38
Fastmarkets’ benchmark copper concentrate index ended three weeks of declines on Friday April 16 with a 7.3% uptick week on week.
Categories: Metals Industry News

SHFE STOCKS REPORT 16/04: Lead inventories up by 24.1%; tin down 5.9%

Base Metals Market - Fri, 04/16/2021 - 14:50
Lead stocks in Shanghai Futures Exchange-registered warehouses climbed by 24.1% in the week to Friday April 16, due to seasonal weakness, while production cuts in Yunnan province caused tin inventories to fall 5.9%.
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Zinc, lead concentrates output starts at Mexican Plomosas project

Base Metals Market - Fri, 04/16/2021 - 14:02
Australia-listed Consolidated Zinc began production of zinc and lead concentrates at its refurbished processing plant in Mexico on April 12, the company announced on Friday April 16.
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Rusal finalizes acquisition of Aluminium Rheinfelden

Base Metals Market - Fri, 04/16/2021 - 12:34
Global aluminium producer United Co Rusal has completed its acquisition of Germany-based aluminium products producer Aluminium Rheinfelden GmbH, it said in a release dated Friday April 16.
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Furnace failure at MSC Penang tin smelter puts pressure on new Port Klang facility

Base Metals Market - Fri, 04/16/2021 - 11:27
Failure of two furnaces at the Malaysia Smelting Corp's (MSC) main tin smelter in Penang will cause disruptions to shipments, while the company said that it would seek to increase production in its new facility near Port Klang to fulfill its orders.
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Bullish fundamentals support aluminium premiums, prices across supply chain

Base Metals Market - Fri, 04/16/2021 - 09:55
A shortage of aluminium in certain regions and healthy demand are keeping prices and premiums for the light metal throughout the supply chain supported at record highs around the world.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/04: LME nickel, lead rise, while copper consolidates after Thursday surge

Base Metals Market - Fri, 04/16/2021 - 09:13
Nickel and lead futures prices on the London Metal Exchange pushed up on the morning of Friday April 16, while most other metals consolidated after a Thursday session that saw copper pulling along most of the other base metals.
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MORNING VIEW: Robust Chinese economic data supports metals prices in Shanghai; LME metals consolidate

Base Metals Market - Fri, 04/16/2021 - 07:33
Base metals prices on the Shanghai Futures Exchange were for the most part stronger this morning, Friday April 16, supported by robust economic data, while the base metals on the London Metal Exchange were consolidating after yesterday’s strength, which followed strong US data.
Categories: Metals Industry News

AT A GLANCE: GEM revenue up in Q1 on production, sales ramp-up

Base Metals Market - Fri, 04/16/2021 - 05:33
A summary of Chinese battery materials producer GEM’s financial results for the three months ended March 31.
Categories: Metals Industry News

Chinese battery materials producer GEM inks supply memorandum with EcoPro BM

Base Metals Market - Fri, 04/16/2021 - 04:44
China-based battery materials producer GEM has signed a supply memorandum with South Korea’s EcoPro BM, a subsidiary of cathode materials producer EcoPro, the former said on Thursday April 15.
Categories: Metals Industry News

AT A GLANCE: Alcoa expects over half of 2021 shipments to be VAP

Base Metals Market - Fri, 04/16/2021 - 02:37
A summary of aluminium and alumina producer Alcoa’s first quarter 2021 earnings results.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from April 15

Base Metals Market - Thu, 04/15/2021 - 23:05
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.
Categories: Metals Industry News

US copper, brass scrap prices largely steady

Base Metals Market - Thu, 04/15/2021 - 20:40
Areas of limited demand within the United States’ copper scrap market kept most prices steady this week, according to sources.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/04: LME copper jumps above $9,200, year-to-date high for aluminium

Base Metals Market - Thu, 04/15/2021 - 16:38
Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.
Categories: Metals Industry News

Goldman Sachs raises bullish copper forecasts, expects record demand growth

Base Metals Market - Thu, 04/15/2021 - 14:12
Copper prices could reach $15,000 per tonne within five years, boosted by a sharp rise in demand for the metal, which has been described by Goldman Sachs analysts as the “new oil” for its use in green technologies, in a report released on Tuesday April 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/04: LME aluminium at new highs; copper, lead up 1%

Base Metals Market - Thu, 04/15/2021 - 09:20
London Metal Exchange aluminium continued to reach new multi-year highs while copper and lead were up by 1% on Thursday April 15 morning while nickel and tin fell from their Wednesday gains.
Categories: Metals Industry News

Nornickel to expand nickel production in Finland

Base Metals Market - Thu, 04/15/2021 - 08:58
Nornickel will increase its nickel production capacity from 65,000 tonnes currently to 75,000 tonnes by 2023 at its Nornickel Harjavalta refinery in Finland, the company said on April 14.
Categories: Metals Industry News

MORNING VIEW: Base metals prices more upbeat than of late, led by aluminium

Base Metals Market - Thu, 04/15/2021 - 07:35
Base metals prices on the London Metal Exchange have been edging higher in recent days, although this morning, Thursday April 15, they were looking mixed, while those on the Shanghai Futures Exchange were for the most part firmer.
Categories: Metals Industry News

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