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Metals Industry News

Paranapanema increases Q3 production, revenues amid higher LME copper prices

Base Metals Market - Fri, 10/26/2018 - 16:43
Brazilian copper producer Paranapanema normalized its production and sales volumes during the third quarter after a scheduled maintenance brought volumes down in the April-June period, the company’s earnings report shows.
Categories: Metals Industry News

SHFE STOCKS REPORT 26/10: SHFE lead stocks almost halve on spot tightness

Base Metals Market - Fri, 10/26/2018 - 16:27
Base metal inventories on the Shanghai Futures Exchange (SHFE) were mostly lower on Friday October 26 from a week earlier, with lead stocks almost halving since last Friday.
Categories: Metals Industry News

SHFE STOCKS REPORT 26/10: SHFE lead stocks almost halved on spot tightness

Base Metals Market - Fri, 10/26/2018 - 16:27
Base metal inventories on the Shanghai Futures Exchange (SHFE) were mostly lower on Friday October 26 from a week earlier, with lead stocks almost halving since last Friday.
Categories: Metals Industry News

LIVE FUTURES REPORT 26/10: Comex copper dips in final session

Base Metals Market - Fri, 10/26/2018 - 16:00
Comex copper prices dipped Friday morning in the US with a stronger dollar providing a serious headwind against the base metals complex.
Categories: Metals Industry News

Terrafame to bolster battery chemical output; quarterly nickel, zinc production at record-high

Base Metals Market - Fri, 10/26/2018 - 15:20
State-owned Finnish company, Terrafame, will boost investment in developing a battery chemical plant in Sotkamo, Finland, amid a record-high quarter for zinc and nickel production output, the mining company said in a release this week.
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GLENCORE AT A GLANCE: Q3 production results

Base Metals Market - Fri, 10/26/2018 - 13:47
A summary of Glencore’s third-quarter production results for the three months ended September 30 (own-sourced output volume, year-on-year change):
Categories: Metals Industry News

PRICING NOTICE: Correction to Shanghai-bonded copper premium on October 25

Base Metals Market - Fri, 10/26/2018 - 13:35
Fastmarkets’ copper premium in Shanghai-bonded warehouses was published incorrectly on Thursday October 25 due to an input error.
Categories: Metals Industry News

Trade tariffs opening up M&A opportunities for strategic investors, PwC says

Base Metals Market - Fri, 10/26/2018 - 13:32
The continuing use of trade tariffs applied to global movements of steel and aluminium products is expected to open up opportunities for strategic investors in metals and mining which are looking to consolidate and stay competitive, according to a report by global consultancy firm PwC.
Categories: Metals Industry News

IBAMA removes embargo on Alunorte but full capacity timeline still uncertain

Base Metals Market - Fri, 10/26/2018 - 13:16
The Brazilian federal environmental agency, IBAMA, has removed its embargo on Hydro’s bauxite residue deposit area (DRS2) at the Alunorte refinery.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 26/10: LME nickel price below $12k/t; China’s Geiju tin concentrators relocate; China HRC producers eye more exports

Base Metals Market - Fri, 10/26/2018 - 12:40
The latest metal markets news and price moves to start the North American day on Friday October 26.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 26/10: Copper, aluminium, zinc, nickel

Base Metals Market - Fri, 10/26/2018 - 12:30
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday October 26*
Categories: Metals Industry News

LIVE FUTURES REPORT 26/10: Downward pressure mounts for LME base metals prices; nickel sinks below $12,000/t

Base Metals Market - Fri, 10/26/2018 - 10:46
Base metals prices on the London Metal Exchange were lower across the board during morning trading on Friday October 26, with a marked downturn in global equity markets prompting further risk-aversion while a continued surge in the dollar index keeps prices subdued.
Categories: Metals Industry News

FOCUS: Tin concentrator relocation in Yunnan has potential to cause supply outage

Base Metals Market - Fri, 10/26/2018 - 10:45
Around 30 of 51 tin concentrators in Gejiu city in Yunnan province, China, were ordered to dismantle by October 31, leaving 21 tin concentrators to relocate in December with legitimate operational rights, according to a post from the International Tin Research Institute (ITRI) on October 23.
Categories: Metals Industry News

METALS MORNING VIEW 26/10: Metals prices under pressure while dollar strengthens, broader markets show weakness

Base Metals Market - Fri, 10/26/2018 - 09:10
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 0.7% during morning trading on Friday October 26.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 26/10: Vale nickel price hits 10-year high; Grupo Mexico expects surge in Cu, Zn output next year; KCM could halve 2019 Cu production

Base Metals Market - Fri, 10/26/2018 - 05:40
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Friday October 26.
Categories: Metals Industry News

LIVE FUTURES REPORT 26/10: Stronger dollar continues to pressure SHFE base metals prices; copper, lead buoyed

Base Metals Market - Fri, 10/26/2018 - 05:30
Base metal prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Friday October 26 after a firm dollar continued to put downward pressure on the complex. Copper and lead were the only metals to register gains – albeit marginal ones – in the early session, with supply tightness in both providing support.
Categories: Metals Industry News

Vale Q3 nickel price hits 10-year-high premium over LME benchmark

Base Metals Market - Thu, 10/25/2018 - 20:55
Vale’s average selling price for nickel during the third quarter of 2018 showed the highest percentage difference over the benchmark price on the London Metal Exchange for the past 10 years, according to the Brazilian miner’s latest earnings report, released on Wednesday October 24.
Categories: Metals Industry News

PEOPLE MOVES: Zinc, lead concentrates trader Penot leaves Transamine

Base Metals Market - Thu, 10/25/2018 - 18:44
Zinc and lead concentrates trader Edouard Penot has left Transamine after four years at the firm, Fastmarkets understands.
Categories: Metals Industry News

Vale expects 'completely different' base metals division by 2020

Base Metals Market - Thu, 10/25/2018 - 18:08
Vale, the world’s largest producer of iron ore and nickel, believes that its base metals division will be completely different by 2020, senior executives said on Thursday October 25 during a third-quarter earnings call.
Categories: Metals Industry News

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