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Metals Industry News

GLOBAL NICKEL WRAP: Nickel premiums flat worldwide in muted market

Base Metals Market - Wed, 10/17/2018 - 17:20
Fastmarkets MB’s nickel premiums were stable across all regions in the week to Tuesday October 17 in quiet trading conditions after the London Metal Exchange Week.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/10: Comex copper price inches higher in midweek session

Base Metals Market - Wed, 10/17/2018 - 15:29
Comex copper prices were slightly higher in morning trading on Wednesday October 17 with a rising dollar preventing any significant gain.
Categories: Metals Industry News

GLOBAL TIN WRAP: Premiums unchanged despite Indonesia crackdown on illegal mining

Base Metals Market - Wed, 10/17/2018 - 15:20
Tin premiums were flat across the board in the week to Tuesday October 16, even with the threat of restricted supply from major tin producer Indonesia hanging over the market.
Categories: Metals Industry News

Alcoa to close operations at two Spanish aluminium plants in Aviles, La Coruña

Base Metals Market - Wed, 10/17/2018 - 14:58
Alcoa intends to shut down its Spanish aluminium smelting operations at La Coruña and Avilés, citing the plants as being the least productive within the Alcoa system due to structural issues.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 17/10: Liberty eyes steel acquisitions; 92kt Al delivery hits LME; BHP cuts copper guidance

Base Metals Market - Wed, 10/17/2018 - 12:40
The latest metal markets news and price moves to start the North American day on Wednesday October 17.
Categories: Metals Industry News

US Treasury sanctions several Iranian zinc companies

Base Metals Market - Wed, 10/17/2018 - 12:37
Several zinc and lead mining and smelting companies have been targeted for secondary sanctions by the United States Treasury over alleged ties to paramilitary organizations.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 17/10: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 10/17/2018 - 12:23
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday October 17*
Categories: Metals Industry News

BHP cuts FY2019 copper guidance amid outages at Olympic Dam, Spence

Base Metals Market - Wed, 10/17/2018 - 12:17
BHP has cut its production guidance slightly for its 2019 financial year started July 1, 2018, citing reduced output led by outages at Olympic Dam in Australia and Spence in Chile, the copper producer said on Wednesday October 17.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/10: 92kt Al delivery into Asian warehouses; LME prices rebound higher

Base Metals Market - Wed, 10/17/2018 - 10:30
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Wednesday October 17, with aluminium shrugging off another huge delivery into LME-listed warehouses.
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BHP AT A GLANCE: September quarter production results

Base Metals Market - Wed, 10/17/2018 - 10:17
Summary of BHP’s production results for the three months ended September 30, 2018.
Categories: Metals Industry News

BHP AT A GLANCE: Q3 production results

Base Metals Market - Wed, 10/17/2018 - 10:17
Summary of BHP’s production results for the three months ended September 30, 2018.
Categories: Metals Industry News

Copper concentrate TC/RCs hit 1-year high; Chuquicamata outage could herald long market [CORRECTED]

Base Metals Market - Wed, 10/17/2018 - 09:51
Copper concentrate treatment and refining charges (TC/RCs) rose to their highest in a year as the market gathered in London for LME Week.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Premiums down in Shanghai, steady across Asia, Europe; LME to suspend delivery of Sterlite’s Tuticorin brands

Base Metals Market - Wed, 10/17/2018 - 09:35
Global copper premiums were broadly steady in the week ended Tuesday October 16, with market participants primarily focused on long-term contract negotiations that took place during LME Week in London. In China, Shanghai copper premiums retreated on rising inflows of the metal into the country and a closed arbitrage window.
Categories: Metals Industry News

South Korea’s PPS seeks 1,000 tonnes of zinc

Base Metals Market - Wed, 10/17/2018 - 09:05
South Korea’s Public Procurement Service (PPS) is seeking to procure 1,000 tonnes of special high-grade zinc, according to a notice posted on the state-owned stockpiling agency’s website on Tuesday October 16.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 17/10: Most SHFE base metals tick up; US Al premium hits 6-month low; Chinese export vanadium prices soar

Base Metals Market - Wed, 10/17/2018 - 06:25
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday October 17.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/10: SHFE base metals prices edge upward on improving sentiment; lead weakens

Base Metals Market - Wed, 10/17/2018 - 06:07
Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Wednesday October 17 after sentiment improved following strong gains in global equity markets.
Categories: Metals Industry News

RIO TINTO AT A GLANCE: Q3 production results

Base Metals Market - Wed, 10/17/2018 - 04:15
Summary of Rio Tinto’s production results for the three months ended September 30 (Rio Tinto share unless otherwise indicated, year-on-year change).
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: US premium hits six-month low, other premiums slip

Base Metals Market - Wed, 10/17/2018 - 02:35
Weakness was felt in aluminium premiums around the globe this past week, with premiums faltering due to a looming backwardation on the London Metal Exchange as well as a general illiquidity in spot markets worldwide.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 16/10

Base Metals Market - Tue, 10/16/2018 - 22:00
A summary of base metals premiums from across the globe for the week to Tuesday October 16.
Categories: Metals Industry News

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