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Metals Industry News

SHFE vs LME physical arbitrage 18/02: Copper, aluminium, zinc, nickel

Base Metals Market - Mon, 02/18/2019 - 09:59
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday February 18*
Categories: Metals Industry News

GLOBAL ALUMINIUM BILLET WRAP: Premium slide continues in Europe; Asia, US static

Base Metals Market - Mon, 02/18/2019 - 06:00
Most global aluminium billet premiums fell or were flat on Friday February 15, with demand muted in most markets and participants waiting to see the effect of the removal of sanctions against UC Rusal by the United States.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/02: SHFE base metals prices all up on renewed optimism

Base Metals Market - Mon, 02/18/2019 - 05:03
Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Monday February 18, with market sentiment boosted by positive trade developments and data releases at the end of last week.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 15

Base Metals Market - Mon, 02/18/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday February 15 that are worth another look.
Categories: Metals Industry News

HOTTER ON METALS: US Section 232 tariffs could fund the border wall, data shows

Base Metals Market - Fri, 02/15/2019 - 18:10
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 15/02: Cobalt continues downward spiral despite Chambishi shutdown

Base Metals Market - Fri, 02/15/2019 - 18:02
An overview of the battery raw materials markets and their price moves from the past week.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/02: Short-covering, positive trade sentiment boosts LME base metals; Zn, Pb up 2%

Base Metals Market - Fri, 02/15/2019 - 18:00
Base metals prices on the London Metal Exchange were higher across the board at the close of trading on Friday February 15, with market sentiment continuing to improve amid US-China trade talks, while participants continue to short-cover after last week’s price rally.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/02: Comex copper rebounds in final session

Base Metals Market - Fri, 02/15/2019 - 15:30
Comex copper prices turned positive on Friday morning in the United States with improving trade talk optimism boosting the entire base metals space.
Categories: Metals Industry News

EXCLUSIVE: Controversy over LILO rule after aluminium queue builds up at Istim Port Klang

Base Metals Market - Fri, 02/15/2019 - 14:52
The London Metal Exchange’s linked load-in/load-out (LILO) warehouse rule has not so far been activated at Istim’s warehouses in Port Klang despite a large queue building at the warehouse, sources confirmed to Fastmarkets MB.
Categories: Metals Industry News

SHFE STOCKS REPORT 15/02: SHFE base metals stocks mostly higher; Ni stocks fall on tight supply

Base Metals Market - Fri, 02/15/2019 - 12:00
Base metals stocks on Shanghai Futures Exchange were broadly higher as of Friday February 15 due to the week-long Lunar New Year holiday, with zinc leading the increase although nickel stocks dropped because of tight supply.
Categories: Metals Industry News

Further diversion of DRC copper concs expected after ERG suspends Chambishi facility

Base Metals Market - Fri, 02/15/2019 - 11:38
More copper concentrates from the Democratic Republic of Congo (DRC) could be diverted after ERG suspended its Chambishi copper smelting facility in Zambia, multiple market sources said.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/02: LME base metals up on positive US-China trade talks; Pb climbs 1.6%

Base Metals Market - Fri, 02/15/2019 - 11:20
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday February 15, gathering support from a broadly positive tone emerging from recent US-China trade talks.
Categories: Metals Industry News

NEWSBREAK: Fire at Korea Zinc’s Onsan smelter; deliveries said to be unaffected

Base Metals Market - Fri, 02/15/2019 - 10:15
A fire at Korea Zinc’s Onsan smelter has been contained and deliveries are set to continue as usual, two sources at the company told Fastmarkets.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 15/02: Copper, aluminium, zinc, nickel

Base Metals Market - Fri, 02/15/2019 - 09:40
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday February 15*
Categories: Metals Industry News

Nornickel to seek damages from failed BCL deal in London appeals court

Base Metals Market - Fri, 02/15/2019 - 09:36
Nornickel has won the right to take its dispute with Botswana's state-owned mining enterprise BCL Group to the London Court of International Arbitration (LCIA).
Categories: Metals Industry News

LIVE FUTURES REPORT 15/02: SHFE base metals prices down across the board on poor PPI data; nickel leads the falls

Base Metals Market - Fri, 02/15/2019 - 04:30
Base metals prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Friday February 15 following disappointing data out of China, with nickel leading the falls.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 14

Base Metals Market - Fri, 02/15/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Thursday February 14 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/02: Dollar strength caps base metals despite thin LME stocks; Ni falls 1.6%

Base Metals Market - Thu, 02/14/2019 - 17:55
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday February 14, with a collective trend of dwindling LME stocks failing to prompt upward price action while volumes traded remain moderate.
Categories: Metals Industry News

Copper demand-supply balance to remain tight for 2-3 years, Brazil's Paranapanema says

Base Metals Market - Thu, 02/14/2019 - 16:48
Global copper demand will outpace supply growth or at least stay in a tight balance for at least two to three years, according to the chief executive officer of Brazilian copper producer Paranapanema, Marcos Camara.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/02: Comex copper under persistent weakness

Base Metals Market - Thu, 02/14/2019 - 15:25
The US copper price failed to rebound on Thursday morning in the United States, while market participants hold back from being too optimistic about recent developments in US and Chinese trade talks.
Categories: Metals Industry News

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