Metals Industry News

Noranda Income Fund (NIF) has reduced its 2019 zinc metal sales and output guidance after unexpected maintenance outages and challenges to its production.

Russian producer UC Rusal has completed the installation of a new aluminium smelter with capacity for 120,000 tonnes per year at its Boguchansky plant at Krasnoyarsk in Russia, it said on Tuesday July 23.

Tin’s three-month price on the London Metal Exchange fell by some 2% at the close of trading on Tuesday July 23, slipping to a fresh low of $17,555 per tonne over the day’s trading - the lowest level since 2016 - while copper futures failed to close above the nearby $6,000-per-tonne resistance level.

Norsk Hydro’s Alunorte alumina refinery has reached 80-85% utilization after the Brazilian government lifted a production embargo against the facility in May.

Nickel’s three-month price on the London Metal Exchange was higher during morning trading on Tuesday July 23, continuing its upward trajectory above $14,300 per tonne, while tin’s three-month price slipped to just over $17,630 per tonne - close to its lowest level since 2016.

Against a backdrop of poor economic growth, especially in Germany and China, and in the absence of fresh news, markets seem to be content to consolidate this morning, Tuesday July 23.

Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Tuesday July 23 with zinc, lead and tin ticking upward, while the rest drifted lower.

A summary of Vale's base metals production results for the second quarter of 2019.

Here are five Fastmarkets MB stories you might have missed on Monday July 22 that are worth another look.

Nickel’s three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin’s 1.3% climb.

Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly.

The premium for aluminium billet in Italy has fallen to its lowest in over two years due to aggressively low offers from suppliers and continued poor demand.

The prices paid for base metals traded on the London Metal Exchange were almost universally suppressed during morning trading on Monday July 22, with uninspiring macro data precipitating thin trading volumes

Rising tension over Iran and a reduction in expectations on the size of the next US Federal Reserve rate cut were weighing on sentiment this morning, Monday July 22.

Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Monday July 22, with nickel and zinc leading the decline with drops of 2.8% and 1.7% respectively.

Here are five Fastmarkets MB stories you might have missed on Friday July 19 that are worth another look.

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex.

MMG’s production results for the second quarter of 2019 and the full-year production guidance.

An overview of the battery raw materials markets and their latest price moves.

Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world’s two largest economies.