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Metals Industry News

MORNING VIEW: LME base metals prices mixed, risk sentiment weaker in line with increased trade tension

Base Metals Market - 2 hours 45 min ago
Discouraging news from China over the “phase one” trade deal with the United States has led to less risk appetite, which for now is affecting the broader markets more than the metals, which were broadly firmer on Thursday November 21.
Categories: Metals Industry News

LIVE FUTURES REPORT 21/11: Trade worries stifle SHFE base metals prices; Zn falls 2%

Base Metals Market - 7 hours 2 min ago
Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Thursday November 21 after trade headlines continued to cast doubts on the likelihood of a near-term deal between China and the United States.
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NEWSBREAK: Freeport, Jiangxi Copper agree 2020 copper concentrates annual benchmark at $62/t [UPDATED]

Base Metals Market - 9 hours 9 min ago
Copper miner Freeport-McMoRan and Chinese smelter Jiangxi Copper have agreed 2020 full-year contractual treatment and refining charges (TC/RCs) at $62 per tonne / 6.2 cents per lb, Fastmarkets learned on Thursday November 21.
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IN CASE YOU MISSED IT: 5 key stories from November 20

Base Metals Market - 11 hours 55 min ago
Here are five Fastmarkets MB stories you might have missed on Wednesday November 20 that are worth another look.
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BASE METALS WARRANT REPORT 20/11

Base Metals Market - Wed, 11/20/2019 - 19:00
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 20.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/11: Selling pressure pushes LME nickel price down 2%; Al strengthens despite inflows

Base Metals Market - Wed, 11/20/2019 - 18:22
The three-month nickel price on the London Metal Exchange continued to fall at the close of trading on Wednesday November 20, with continued selling pressure and supportive forward spreads prompting the metal’s lowest close since July.
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GLOBAL TIN WRAP: European 99.99% premium falls; all others flat

Base Metals Market - Wed, 11/20/2019 - 17:49
The spot tin market is reportedly slow in all regions despite talk of forthcoming production cuts to tackle excess supply.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: LME backwardation keeps US zinc premium steady; lead rates expected to spike

Base Metals Market - Wed, 11/20/2019 - 17:27
Fastmarkets’ US zinc premium was unchanged in the week to Tuesday November 19 from a week earlier due to the persistent backwardation in the metal’s forward curve despite record lows in the stocks registered to the London Metal Exchange in the United States.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: US briquette premium rises; all other regions stable

Base Metals Market - Wed, 11/20/2019 - 16:53
The nickel briquette premium in the United States rose for the second consecutive week amid enlivened spot activity in the week to Tuesday November 19, while premiums for all other grades in China and Europe remained unchanged on slack demand.
Categories: Metals Industry News

ACW 2019: Vast majority of copper scrap currently eligible for import into China could be renamed - CMRA

Base Metals Market - Wed, 11/20/2019 - 11:45
Over 90% of copper scrap products currently allowed into China could be eligible for renaming as recyclable copper raw materials next year, a senior representative of China Nonferrous Metals Industry Association's (CMRA) recycling metal branch told delegates at Asia Copper Week in Shanghai.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai cathode premiums continue declines; Europe, US premiums flat

Base Metals Market - Wed, 11/20/2019 - 11:12
Spot business in the global copper markets was subdued in the week ended Tuesday November 19, with low buying interest pushing the Shanghai premiums lower, while both United States and European market participants are now turning their attention to long-term supply contract negotiations.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/11: LME aluminium price holds despite 13kt inflow

Base Metals Market - Wed, 11/20/2019 - 10:39
The three-month price of aluminium traded on the London Metal Exchange was little changed during the morning session on Wednesday November 11 despite an inflow of 13,725 tonnes of the metal into exchange warehouses as of 9am on the same day.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Dec/Jan backwardation pushes European, US premiums down further

Base Metals Market - Wed, 11/20/2019 - 10:15
Aluminium premiums in Europe and the United States declined further in the week ended Tuesday November 19, with the market under increasing pressure from weak demand and the backwardation in London Metal Exchange spreads.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/11: SHFE base metals prices edge up after China hints at further monetary easing; Cu gains 0.6%

Base Metals Market - Wed, 11/20/2019 - 06:18
Base metals prices on the Shanghai Futures Exchange were mostly up during the morning trading session on Wednesday November 20, with the complex finding slight support from improved investor confidence following reports that China’s central bank will loosen monetary policy to support economic growth.
Categories: Metals Industry News

ACW 2019: Copper smelters face risk of ‘overcapacity problem’ - Jiangxi Copper's Xu

Base Metals Market - Wed, 11/20/2019 - 05:13
Copper smelters will slow capacity expansions if market terms for copper concentrates fall to reflect a potential market deficit, Jiangxi Copper's Yuanfeng Xu said at Fastmarkets’ Asia Copper Conference in Shanghai on Wednesday November 20.
Categories: Metals Industry News

ACW 2019: Copper smelters face risk of ‘overcapacity problem’ – Jiangxi Copper's Xu

Base Metals Market - Wed, 11/20/2019 - 05:13
Copper smelters will slow capacity expansions if market terms for copper concentrates fall to reflect a potential market deficit, Jiangxi Copper's Yuanfeng Xu said at Fastmarkets’ Asia Copper Conference in Shanghai on Wednesday November 20.
Categories: Metals Industry News

ACW 2019: World 'needs 14 Collahuasi mines' to meet copper demand by 2030 - Anglo American

Base Metals Market - Wed, 11/20/2019 - 04:15
Assuming stable growth in copper demand, the world is lacking investment in new mine projects amid expansion in smelting capacity, with a large gap seen in the mined copper balance over the next decade, according to Anglo American’s base metals chief.
Categories: Metals Industry News

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

Base Metals Market - Wed, 11/20/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday November 19 that are worth another look.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 19/11

Base Metals Market - Tue, 11/19/2019 - 19:43
A summary of base metals premiums from across the globe for the week to Tuesday November 19.
Categories: Metals Industry News

INTL FERRO-ALLOYS CONF: 2020 a 'transitional year' for nickel market balance, EV uptake – Norilsk Nickel

Base Metals Market - Tue, 11/19/2019 - 17:32
Next year will be a “transitional year” for the nickel market ahead of a shift into a structural deficit in 2021, Denis Sharypin, head of market intelligence at Norilsk Nickel, told delegates at Fastmarkets’ International Ferro-alloys Conference in Budapest, Hungary, this week.
Categories: Metals Industry News

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