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Metals Industry News

China announces new customs code for Al scrap, ADC12 market sentiment dips

Base Metals Market - 2 hours 20 min ago
The bullish sentiment in China’s aluminium alloy market has been falling since the Chinese government announced new customs code for imported aluminium scrap on Monday October 19, Fastmarkets learned.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: US briquette premium rises in flurry of spot trade

Base Metals Market - 2 hours 29 min ago
The US nickel briquette premium continued to ascend in the week to Tuesday October 20 amid increased spot business at higher levels while lackluster appetites kept all other regional premiums stable over the period.
Categories: Metals Industry News

LIVE FUTURES REPORT 21/10: LME base metals prices rise on US stimulus, China spending hopes

Base Metals Market - 4 hours 8 min ago
London Metal Exchange three-month base metals prices were trading up on the previous day’s close during the morning session on Wednesday October 21, boosted by hopes of an imminent US fiscal stimulus package and increased government-sanctioned Chinese infrastructure spending.
Categories: Metals Industry News

Hydro, Lyse set up JV to secure renewable power supply

Base Metals Market - 4 hours 37 min ago
Hydro has signed a deal with Lyse to merge part of their hydropower production to create a stronger presence in the renewable energy sector to secure long-term supply for its aluminium operations, the former said on Wednesday October 21.
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AT A GLANCE: Antofagasta copper production dips in Q3, targets record output in 2021

Base Metals Market - 4 hours 38 min ago
A summary of Antofagasta’s production results for the third quarter of 2020.
Categories: Metals Industry News

AT A GLANCE: BHP’s copper output falls in FY2021 Q1 vs last year

Base Metals Market - 5 hours 19 min ago
A summary of BHP’s operational review for copper, nickel and zinc for its financial first quarter ended September 30, 2020, as released on Tuesday October 20.
Categories: Metals Industry News

MORNING VIEW: Base metals prices upbeat as risk-on sweeps through broader markets

Base Metals Market - 6 hours 37 min ago
Half of the base metals prices on the London Metal Exchange have in recent days risen to multi-month highs, with copper reaching levels not seen since June 2018, and all of the metals are pushing higher this morning, Wednesday October 21.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Volatile LME spreads pressure Rotterdam premiums down; US premium firm in active market

Base Metals Market - 8 hours 49 min ago
Volatility in London Metal Exchange aluminium price spreads caused premiums in the Dutch port of Rotterdam to drop in the week to Tuesday October 20, while the US Midwest premium held steady amid continuing long-term contract negotiations.
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WEEKLY BASE METAL PREMIUMS REPORT: 20/10

Base Metals Market - Tue, 10/20/2020 - 20:20
A summary of base metals premiums from across the globe for the week to Tuesday October 20.
Categories: Metals Industry News

PRICING NOTICE: Proposal to amend criteria for aluminium P1020A (MJP) quarterly premium settlement

Base Metals Market - Tue, 10/20/2020 - 19:12
Fastmarkets is proposing to amend the settlement criteria for its MB-AL-0001 aluminium P1020A (MJP) quarterly premium, cif Japan, $ per tonne.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/10: LME nickel price breaches $16,000/t; copper hits fresh high

Base Metals Market - Tue, 10/20/2020 - 16:56
London Metal Exchange three-month base metals prices except aluminium were trading up at the close on Tuesday October 20, buoyed by an upswing in United States equities markets.
Categories: Metals Industry News

PEOPLE MOVES: Macquarie appoints Garvey as new head of metals research

Base Metals Market - Tue, 10/20/2020 - 13:12
Marcus Garvey is the new head of metals and bulks commodity strategy at Macquarie, the Australian bank said on Monday October 19.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/10: LME aluminium price dips on fresh inflows; nickel breaches $15,800/t

Base Metals Market - Tue, 10/20/2020 - 09:44
The three-month aluminium price on the London Metal Exchange was subdued during morning trading on Tuesday October 20 following a fresh inflow of 17,625 tonnes and continued re-warranting in Port Klang, while nickel futures breached nearby resistance amid steady buying.
Categories: Metals Industry News

China releases minimal copper, aluminium scrap import quotas following latest guidance on recycled materials

Base Metals Market - Tue, 10/20/2020 - 06:57
China has announced its 13th batch of scrap metal import quotas for 2020, allowing considerably smaller volumes of copper and aluminium scrap to enter the country than in its previous round of quotas.
Categories: Metals Industry News

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

Base Metals Market - Tue, 10/20/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Monday October 19 that are worth another look.
Categories: Metals Industry News

LME WEEK 2020: Further investment, price discovery needed to drive sustainable metals growth

Base Metals Market - Mon, 10/19/2020 - 19:27
Further measures to increase transparency and investments for metal producers were required to expand the sustainable metal market, participants said on a sustainability panel during the London Metal Exchange’s online LME Week seminars on Monday October 19.
Categories: Metals Industry News

LIVE FUTURES REPORT 19/10: LME zinc price continues upsurge; tin breaches $18,600 in steady contango

Base Metals Market - Mon, 10/19/2020 - 17:37
The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Monday October 19, rallying by more than 2.5% against positive forward spreads and robust demand.
Categories: Metals Industry News

Certain recycled non-ferrous metals cleared for import to China from November

Base Metals Market - Mon, 10/19/2020 - 16:52
Recycled copper and aluminium that meet China’s standards for renewable metals instead of solid waste can be freely imported into the country starting from November 1, according to the Chinese Ministry of Ecology and Environment.
Categories: Metals Industry News

LME WEEK 2020: Nickel price has made a ‘stunning’ comeback - ED&F Man’s Ed Meir

Base Metals Market - Mon, 10/19/2020 - 15:12
With the caveat that he was making “a strange presentation in a strange year,” ED&F Man’s Ed Meir described the recent rebound in the London Metal Exchange three-month nickel as “stunning” during the LME Week metals debate on Monday October 19.
Categories: Metals Industry News

Lundin to suspend Candelaria copper operations after second union votes to strike

Base Metals Market - Mon, 10/19/2020 - 13:44
Canada-based Lundin Mining Corp is to suspend operations at its Candelaria copper mine in Chile after mediation talks with a second union at the site failed to result in an agreement .
Categories: Metals Industry News

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