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Metals Industry News

FOCUS: Demand for aerospace metals still supported by backlog of orders despite pressure

Base Metals Market - 2 hours 24 min ago
The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drastic measures to adapt to the new market environment.
Categories: Metals Industry News

ALUMINIUM FOUNDRY WRAP: Lack of automotive demand, liquidity pushes premiums to record lows

Base Metals Market - 3 hours 16 min ago
Aluminium foundry alloy premiums in Europe and the United States fell due to a lack of demand, with most automakers suspending car production in both regions.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/04: LME copper closes above $5,000 before Easter weekend

Base Metals Market - 4 hours 31 min ago
The London Metal Exchange three-month copper price held above the $5,000 psychological mark on Thursday April 9, closing at $5,002.50 per tonne in a day with a turnover of just above 11,600 lots.
Categories: Metals Industry News

China's metal traders scramble to buy April copper on bets of VAT cut

Base Metals Market - 4 hours 41 min ago
Chinese traders are ramping up bids for physical copper in a bid to secure units before an expected cut to valued-added tax (VAT) in April.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: spot TCs drop by $5/t in a week on supply concerns

Base Metals Market - 4 hours 53 min ago
Fastmarkets’ copper concentrates treatment charge and refining charge (TC/RC) index dropped below the annual benchmark level in a week characterized by force majeures and mines being put on care and maintenance.
Categories: Metals Industry News

Vale delays Voisey's Bay nickel ops reopening for up to 3 months [CORRECTED]

Base Metals Market - 5 hours 36 min ago
Brazilian mining company Vale has decided to extend the care and maintenance period at its Voisey’s Bay nickel mine, in northeast Canada, for up to three months to prevent the spread the Covid-19 coronavirus, the company said on Wednesday April 8.
Categories: Metals Industry News

Peru extends coronavirus lockdown to April 26; copper, zinc mines stay closed

Base Metals Market - 7 hours 59 min ago
The Peruvian government has extended the national state of emergency by two weeks to April 26 in an attempt to contain the spread of the Covid-19 virus in the country.
Categories: Metals Industry News

Airbus to cut aircraft production by 30% on Covid-19 aviation headwinds

Base Metals Market - 8 hours 22 min ago
Airbus, Europe’s largest manufacturer, will cut aircraft production of its core three aircraft models by roughly a third, the company said in a release on Wednesday April 8.
Categories: Metals Industry News

CHINA ALUMINA SNAPSHOT: Lower seaborne deals, weak global demand drag domestic price down 5%

Base Metals Market - 9 hours 40 min ago
Key data from Fastmarkets’ pricing session in Shanghai on Thursday April 9.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/04: LME tin leads gains in 2% upswing; fresh inflow, cancelation rattles zinc

Base Metals Market - 11 hours 31 min ago
The London Metal Exchange three-month tin price was boosted during morning trading on Thursday April 9, with a fresh outflow of 115 tonnes, while LME zinc’s fresh cancellation of 8,525 tonnes offset an inflow of around 8,950 tonnes.
Categories: Metals Industry News

Refineries struggle to stay cash positive with alumina prices at Feb 2016 low

Base Metals Market - 13 hours 6 min ago
Alumina refineries are struggling to stay above the cost curve with prices at four-year lows, while smelter cuts upstream could further widen refining losses.
Categories: Metals Industry News

MORNING VIEW: Metals prices consolidate; expect choppy trading ahead of key data, long weekend

Base Metals Market - 13 hours 7 min ago
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Thursday April 9, as were Asian-Pacific equity indices.
Categories: Metals Industry News

GLOBAL TIN WRAP: European demand a concern with premiums softening; rise foreseen in US market

Base Metals Market - 18 hours 3 min ago
The Rotterdam in-warehouse tin premium narrowed downward in the week to Tuesday April 7, with lackluster demand across Europe a growing concern for market participants.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from April 8

Base Metals Market - Wed, 04/08/2020 - 23:05
Here are five Fastmarkets stories you might have missed on Wednesday April 8 that are worth another look.
Categories: Metals Industry News

US lead, zinc scrap prices drop as industry slows

Base Metals Market - Wed, 04/08/2020 - 20:50
Lead and zinc scrap prices continued to decline this week while scrap supply slowed due to reduced reduced peddler and industrial volumes and smelting demand also lessened following auto-manufacturer shutdowns and a general economic slump.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Premiums flat in all regions on Covid-19 influence

Base Metals Market - Wed, 04/08/2020 - 20:21
Nickel markets worldwide were holding steady in the week to Tuesday April 7 while the Covid-19 pandemic continued on an unpredictable path.
Categories: Metals Industry News

EC approves Liberty's buy of Duffel plant, clearing way for Novelis merger

Base Metals Market - Wed, 04/08/2020 - 19:22
Liberty House Group has received European Commission (EC) approval to purchase Aleris Corp’s facility in Duffel, Belgium, eliminating the last regulatory hurdle for Novelis’ acquisition of Aleris.
Categories: Metals Industry News

Chile's copper production up 8% in February after last year's rains

Base Metals Market - Wed, 04/08/2020 - 19:08
Chile reported an 8% year-on-year increase in copper production during February, because heavy rains and lower output from the Chuquicamata mine had severely reduced volumes in 2019, state copper commission Cochilco said on Tuesday April 7.
Categories: Metals Industry News

WTO expects worse decline in world trade this year than during 2008-09 crisis

Base Metals Market - Wed, 04/08/2020 - 18:50
World trade will fall by more this year than during the downturn brought on by the global financial crisis of 2008-09 as the impacts of the Covid-19 pandemic are felt.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/04: LME copper price holds above $5,000 despite inflow; nickel tops gains

Base Metals Market - Wed, 04/08/2020 - 17:18
The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday April 8, withstanding a large inflow of 44,000 tonnes and closing above nearby support levels, while nickel was the only metal to close higher over the day.
Categories: Metals Industry News

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