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Metals Industry News

MORNING VIEW: Quiet start to Tuesday’s trading with mixed performances in metals, broader markets

Base Metals Market - Tue, 08/20/2019 - 08:45
Concerns about weak economic data, geopolitical headwinds and the risk of a slow slide toward global recession are dominating market sentiment; short-term relief may come from more concerted central bank stimulus, but the real cure will only likely come from a new trade deal.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/08: SHFE nickel price drops 1%, others broadly up

Base Metals Market - Tue, 08/20/2019 - 06:04
Base metals prices on the Shanghai Futures Exchange were broadly higher during morning trading on Tuesday August 20, with the complex benefitting from improved risk sentiment following positive signals in the ongoing trade war between China and the United States.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from August 19

Base Metals Market - Tue, 08/20/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Monday August 19 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 19/08: LME nickel slips below $16k/t in 2% slide; lead leads gains

Base Metals Market - Mon, 08/19/2019 - 17:58
Nickel’s three-month price on the London Metal Exchange was lower at the close of trading on Monday August 19, dipping below the $16,000-per-tonne support level amid a broadly low turnover across the complex, while a steady uptick in lead lead gains over the afternoon.
Categories: Metals Industry News

Imperial Metals in Red Chris copper-gold JV with Newcrest after stake sale

Base Metals Market - Mon, 08/19/2019 - 16:25
Imperial Metals has completed the sale of a 70% stake in its wholly-owned Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining, creating a joint venture with Newcrest as the operator.
Categories: Metals Industry News

Xinfa Group closes 500kt of Al output due to electric transformer incident – sources

Base Metals Market - Mon, 08/19/2019 - 11:30
Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.
Categories: Metals Industry News

LIVE FUTURES REPORT 19/08: LME tin leads losses in 1.8% dip; 4.5kt inflow tempers nickel

Base Metals Market - Mon, 08/19/2019 - 10:21
The three-month tin price on the London Metal Exchange was down by just under 2% during morning trading on Monday August 19, retesting its 2016 low amid a continued downtrend, while the largest delivery in LME nickel since May 2018 helped cool the metal’s elevated price.
Categories: Metals Industry News

MORNING VIEW: LME three-month base metals prices mixed; tin underperforms with 1.3% decline

Base Metals Market - Mon, 08/19/2019 - 10:00
A wave of risk-on is flowing through broader markets this morning, Monday August 19, on expectations that central banks will provide stimulus going forward to cushion moves toward recession.
Categories: Metals Industry News

LIVE FUTURES REPORT 19/08: SHFE base metals prices broadly down; Al up 0.5%

Base Metals Market - Mon, 08/19/2019 - 06:21
Base metals prices on the Shanghai Futures Exchange were mostly down during morning trading on Monday August 19 while markets reacted to comments from US President Donald Trump over the weekend that the United States is “doing very well with China and talking” but suggested he was not ready to sign a deal.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from August 16

Base Metals Market - Mon, 08/19/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday August 16 that are worth another look.
Categories: Metals Industry News

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