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Metals Industry News

NORTH AMERICAN MORNING BRIEF 06/12: LME nickel price drifts lower; Tianqi buys stake in SQM

Base Metals Market - Thu, 12/06/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Thursday December 6.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 06/12: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 12/06/2018 - 11:48
The arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday December 6*
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LIVE FUTURES REPORT 06/12: LME base metals prices weakened by dollar strength; nickel drifts below $11,000/t

Base Metals Market - Thu, 12/06/2018 - 11:34
Base metals prices on the London Metal Exchange were lower across the board during morning trading on Thursday December 6, with downward pressure across the complex stimulated by broad strength in the dollar index, which continues to trade in positive territory after last week’s G20 summit.
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METALS MORNING VIEW 06/12: Metals prices under pressure in line with broad market weakness

Base Metals Market - Thu, 12/06/2018 - 08:45
Three-month base metals prices on the London Metal Exchange were weaker on the morning of Thursday December 6, with the complex down by an average of 0.9%. Continued weakness in equities, bond yields and increased trade tensions between the United States and China seem to be weighing on sentiment.
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EUROPEAN MORNING BRIEF 06/12: SHFE base metals broadly lower; Vale to invest additional $500mln in VNC nickel ops; Wealth Minerals plans to acquire two Chilean Cu projects

Base Metals Market - Thu, 12/06/2018 - 05:40
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Thursday December 6.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/12: SHFE base metals prices broadly lower amid lingering trade uncertainty

Base Metals Market - Thu, 12/06/2018 - 05:25
Base metals prices, bar those for zinc, on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Thursday December 6, with lingering concerns surrounding the trade tensions between the United States and China causing prices to soften.
Categories: Metals Industry News

East Asian stainless steel prices end decline on nickel uptick, China’s domestic gains from trade war truce

Base Metals Market - Thu, 12/06/2018 - 03:48
Import prices for stainless steel in East Asia inched up over the past week following a months-long slump, with support coming from a rebound in the nickel market and an increase in local Chinese prices which came after the United States gave a 90-day reprieve on potential new tariffs against China.
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ASIAN MORNING BRIEF 06/12: Vale hails iron ore derivative contract; Rio Tinto hits Amrun milestone; China Molybdenum takes control of IXM

Base Metals Market - Thu, 12/06/2018 - 00:05
The latest news and price moves to start the Asian day on Thursday December 6.
Categories: Metals Industry News

Vale to invest $500mln in New Caledonia nickel operations - Schvartsman [UPDATE]

Base Metals Market - Wed, 12/05/2018 - 21:43
Brazilian miner Vale will invest an additional $500 million in its Vale New Caledonia (VNC) nickel operations in the South Pacific due to expectations of increased demand from rising electric vehicle (EV) output, chief executive officer Fabio Schvartsman said on Tuesday December 4.
Categories: Metals Industry News

Wealth Minerals to buy two copper assets, spin-out new unit

Base Metals Market - Wed, 12/05/2018 - 18:35
Lithium-focused Wealth Minerals has signed letters of intent to acquire stakes in two Chilean copper projects, which will be held by newly formed subsidiary Wealth Copper.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: US quiet as seasonal slowdown begins in Europe, Asia

Base Metals Market - Wed, 12/05/2018 - 18:15
Nickel premiums in Europe and Asia have fallen over the week ending Wednesday December 5, with the start of the seasonal end-of-year slowdowns, while the US market remained quiet.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/12: LME base metals prices consolidate at mixed close; zinc above $2,600/t

Base Metals Market - Wed, 12/05/2018 - 17:45
Base metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday December 5, with most of the three-month prices trading in narrow ranges while impervious to broad strength in the US dollar.
Categories: Metals Industry News

Teck adds partners to Quebrada Blanca expansion, gives project green light

Base Metals Market - Wed, 12/05/2018 - 17:41
Sumitomo Metal Mining Co and Sumitomo Corp have agreed to buy a 30% indirect stake in the company that owns the Quebrada Blanca Phase 2 (QB2) copper project in northern Chile, according to its majority owner Teck Resources Ltd.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/12: Comex copper inches up in midweek session

Base Metals Market - Wed, 12/05/2018 - 16:40
Comex copper prices staged a modest recovery during morning trading on Wednesday morning in the US amid calmer market conditions after yesterday's major equity sell-off.
Categories: Metals Industry News

PRICING NOTICE: Proposal to discontinue four tin ingot premium assessments in Rotterdam, Singapore, Shanghai

Base Metals Market - Wed, 12/05/2018 - 14:15
Fastmarkets MB proposes to discontinue four weekly tin spot premium assessments in Rotterdam, Shanghai and Singapore due to a lack of spot liquidity.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Tight supply battles LME backwardation in Asian zinc, spot lead premiums drop in India

Base Metals Market - Wed, 12/05/2018 - 14:11
The reduced physical availability of zinc in Asia is preventing a major drop in premiums despite the backwardation in the LME forward spread widening to decade-long highs.
Categories: Metals Industry News

ALUMINIUM ARB INDICATOR: Low Midwest premium stops arb window widening despite falling freight rates

Base Metals Market - Wed, 12/05/2018 - 13:57
The aluminium import arbitrage between the United States and Asia was little changed in November with significantly lower ocean and barge freight rates being offset by lower Midwest aluminium premiums.
Categories: Metals Industry News

Vale to invest $500mln in New Caledonia nickel operations - Schvartsman

Base Metals Market - Wed, 12/05/2018 - 13:44
Brazilian miner Vale will be investing an additional $500 million in VNC, its nickel operations in the South Pacific country of New Caledonia on expectations of increased demand from rising electric vehicle (EV) output, chief executive officer Fabio Schvartsman said on Tuesday December 4.
Categories: Metals Industry News

Market expects bauxite price to drop after first shipment from Rio Tinto’s Amrun project

Base Metals Market - Wed, 12/05/2018 - 13:10
Rio Tinto has shipped its first bauxite cargo from the Amrun project in Queensland, Australia, it announced on Monday December 3, which considering this was a ‘minestrone’ progress is six weeks ahead of original schedule.
Categories: Metals Industry News

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