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Metals Industry News

China’s stainless steel prices flat amid downstream weakness

Base Metals Market - Thu, 06/11/2020 - 05:33
China’s domestic stainless steel sellers raised their offers on nickel gains over the week ended Wednesday June 10 but failed to conclude any deals.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from June 10

Base Metals Market - Thu, 06/11/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.
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Ford, Volkswagen sign agreements for cooperation on electric vehicles

Base Metals Market - Wed, 06/10/2020 - 23:02
Carmakers Volkswagen AG and Ford Motor Company have signed agreements that strengthen their global alliance in producing electric vehicles (EVs) and other commercial vehicles for customers in Europe and elsewhere, the companies said in a joint statement on Wednesday June 10.
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HOTTER ON METALS: Section 232 and the Canadian aluminium 'surge'

Base Metals Market - Wed, 06/10/2020 - 22:33
Just over a year ago, US Section 232 tariffs against imports of aluminium from Canada were removed. Now there are calls to reintroduce them.
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LIVE FUTURES REPORT 10/06: LME copper price clears $5,900/t in 2.1% spike; tin notches six-month high

Base Metals Market - Wed, 06/10/2020 - 18:43
The LME three-month copper price was the standout performer at the close of trading on Wednesday June 10, achieving its highest closing price since January 23, while tin futures similarly recorded a six-month high.
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RESEARCH: Key takeaways from the latest Base Metals Market Tracker

Base Metals Market - Wed, 06/10/2020 - 16:34
The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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GLOBAL NICKEL WRAP: Arb loss squeezes Shanghai premiums; lackluster demand keeps US, Europe premiums static

Base Metals Market - Wed, 06/10/2020 - 15:03
The wider import loss weighed on the Shanghai nickel market this week, while premiums in both the US and Europe were unchanged amid subdued spot interest and a lack of buyers.
Categories: Metals Industry News

Chile's copper output up 2.6% in April despite Covid-19 restrictions - Cochilco

Base Metals Market - Wed, 06/10/2020 - 14:44
Chilean copper output rose by 2.6% year on year in April, with the country's three top producers all reporting growth despite restrictions put in place to curb the spread of the Covid-19 outbreak.
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GLOBAL ZINC & LEAD WRAP: Big zinc delivery into LME prompts demand questions; US optimistic on auto restarts

Base Metals Market - Wed, 06/10/2020 - 14:30
There were significant tonnages of zinc delivered into London Metal Exchange European warehouses in the week to Tuesday June 9 amid sluggish regional spot demand, while US metal suppliers are hopeful restarts at automakers will mean more zinc and lead consumption.
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Queues rise at LME-listed Istim warehouses in Malaysia

Base Metals Market - Wed, 06/10/2020 - 12:02
The waiting time for aluminium at Istim’s warehouse in Port Klang in Malaysia rose to 42 days at the end of May, according to the latest London Metal Exchange queue report, up from 26 days at the end of April.
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GLOBAL COPPER WRAP: Europe, US premiums stable at low levels; Shanghai numbers decline

Base Metals Market - Wed, 06/10/2020 - 11:56
Premiums for copper cathodes in China continued to decline in the week to Tuesday June 9, while the European and United States markets remain quiet with a lack of consumer interest in acquiring spot cathodes evident.
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LIVE FUTURES REPORT 10/06: LME copper continues rise after 14.5kt fresh cancellation

Base Metals Market - Wed, 06/10/2020 - 11:08
The London Metal Exchange three-month copper price increased during morning trading on Wednesday June 10, pushing past the $5,800-per-tonne resistance level for the first time since February after a large fresh cancellation 14,550 tonnes removed from LME-registered warehouses in Busan.
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MORNING VIEW: Metals remain upbeat, as do equities, while in reality the world is suffering

Base Metals Market - Wed, 06/10/2020 - 09:35
On average, base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up by 0.2% and 0.4% respectively at 7.07am London time on Wednesday June 10.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from June 9

Base Metals Market - Wed, 06/10/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Tuesday June 9 that are worth another look.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: MJP moves down; other regional premiums stable

Base Metals Market - Tue, 06/09/2020 - 22:08
The main Japanese ports (MJP) premium edged down during the week to Tuesday June 9 on lower offers, while premiums in the rest of Asia, Europe and the United States maintained their levels on steady fundamentals.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/06: LME copper price clears $5,700/t in 0.8% uptick; nickel slips 1.2% at close

Base Metals Market - Tue, 06/09/2020 - 18:40
The LME three-month copper price was higher at the close on Tuesday June 9, breaching nearby resistance at $5,700 per tonne against strong turnover, while selling pressure saw nickel futures fail to finish above $13,000 per tonne.
Categories: Metals Industry News

Nexa Resources to restart part of its Peruvian Atacocha unit

Base Metals Market - Tue, 06/09/2020 - 15:23
Brazilian base metals producer Nexa Resources will reopen part of its zinc, lead and silver Atacocha unit in Peru following a local decree that regulated medium-sized mining companies can return from a Covid-19 quarantine, the company said on Monday June 8.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/06: LME nickel dips 1.4%; zinc down on 10kt fresh inflow

Base Metals Market - Tue, 06/09/2020 - 10:26
The London Metal Exchange three-month nickel price declined in the morning on Tuesday June 9, with its price falling from a morning low of $13,100 per tonne, while a sizable delivery of 10,000 tonnes of zinc ingots into LME-registered warehouses pressured the galvanizing metal’s underlying price.
Categories: Metals Industry News

MORNING VIEW: Buoyant tone across markets fueling rallies in most of the base metals

Base Metals Market - Tue, 06/09/2020 - 08:00
Despite a mixed picture this morning, Tuesday June 9, generally strong uptrends are underway in most of the base metals. The exception is the infrastructure heavy-weight zinc, although the galvanizing metal is also widely used in the auto industry, which may be why it is lagging behind.
Categories: Metals Industry News

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

Base Metals Market - Tue, 06/09/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Monday June 8 that are worth another look.
Categories: Metals Industry News

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