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Metals Industry News

PRICING NOTICE: Correction to cif ER Shanghai copper premium

Base Metals Market - Fri, 10/25/2019 - 12:39
Due to a reporter error, Fastmarkets’ cif Shanghai copper premium was published incorrectly on Thursday October 24.
Categories: Metals Industry News

LIVE FUTURES REPORT 25/10: Prices flat on low volume; stock levels continue to fall

Base Metals Market - Fri, 10/25/2019 - 11:28
Base metals prices on the London Metal Exchange were little changed on Friday October 25 despite continued drawdowns of LME stocks.
Categories: Metals Industry News

LME WEEK 2019: From best to worst - a bad year for LME tin?

Base Metals Market - Fri, 10/25/2019 - 11:20
Despite ending 2018 as the best performer among the base metals after being the worst in the previous year, London Metal Exchange tin has entered the fourth quarter of 2019 as the laggard.
Categories: Metals Industry News

LME WEEK 2019: Aluminium fundamentals and forecast

Base Metals Market - Fri, 10/25/2019 - 10:30
The most apt summary of London Metal Exchange aluminium prices over the first nine months of the year is that they have persistently ignored the bullish fundamental backdrop.
Categories: Metals Industry News

LME WEEK 2019: Copper fundamentals and forecast

Base Metals Market - Fri, 10/25/2019 - 10:30
Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.
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LME WEEK 2019: Lead fundamentals and forecast

Base Metals Market - Fri, 10/25/2019 - 10:30
The LME lead cash price has recovered from the mid-May lows of around $1,800 per tonne but has since turned sideways and has repeatedly been capped by resistance above $2,100 per tonne.
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LME WEEK 2019: Nickel fundamentals and forecast

Base Metals Market - Fri, 10/25/2019 - 10:30
Nickel demand has a very bright future.
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LME WEEK 2019: Tin fundamentals and forecast

Base Metals Market - Fri, 10/25/2019 - 10:30
Tin has been the poorest performer among base metals on the London Metal Exchange in 2019 - down by 18% in the year to date - in sharp contrast with last year, when tin was the most resilient.
Categories: Metals Industry News

LME WEEK 2019: Zinc fundamentals and forecast

Base Metals Market - Fri, 10/25/2019 - 10:30
The long-expected supply response in the zinc sector is well under way and continues to gather pace.
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LIVE FUTURES REPORT 25/10: SHFE zinc price drops 0.9%; rest of complex little changed to down

Base Metals Market - Fri, 10/25/2019 - 06:31
Base metals traded on the Shanghai Futures Exchange were broadly down during the morning trading session on Friday October 25, with the complex pressured by disappointing manufacturing data released on Thursday and a recovery in the dollar index.
Categories: Metals Industry News

Codelco resumes normal operations after one-day strike

Base Metals Market - Fri, 10/25/2019 - 05:28
Chilean state-owned copper producer Codelco resumed normal operations on Thursday October 24, following a one-day strike on Wednesday, after unions recommended workers return to their duties.
Categories: Metals Industry News

Trade war, Brexit fears prompt $500mln cost-cutting at Teck

Base Metals Market - Fri, 10/25/2019 - 05:00
Macro uncertainties caused by the United States-China trade war and Brexit concerns have led Teck Resources to embark on a cost cutting program that is expected to “eliminate 500 full-time positions", the Canadian miner said.
Categories: Metals Industry News

Trafigura raises offer to Nyrstar shareholders for last 2% stake

Base Metals Market - Thu, 10/24/2019 - 18:55
Trafigura has offered Nyrstar minority shareholders €22.5 million ($25 million) for their remaining 2% stake in the zinc and lead smelting company.
Categories: Metals Industry News

LME WEEK 2019: Miners to play a volume game in post-trade-war world

Base Metals Market - Thu, 10/24/2019 - 18:30
The continued unpredictability of trade relations between China and the United States has made long-term planning harder for businesses, including mining companies.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/10: LME tin price tops gains in 1.2% climb; nickel follows higher

Base Metals Market - Thu, 10/24/2019 - 18:00
The three-month tin price on the London Metal Exchange was higher at the close of trading on Thursday October 24, climbing by more than 1% amid low turnover while nickel futures maintained upward momentum over the afternoon.
Categories: Metals Industry News

LME WEEK 2019: Continued Trump-China stand-off souring metals sentiment

Base Metals Market - Thu, 10/24/2019 - 17:45
The global economy has been transfixed by the China-United States trade war that came to the fore in the second quarter of 2018.
Categories: Metals Industry News

LME WEEK 2019: The tools to trade

Base Metals Market - Thu, 10/24/2019 - 17:28
Trade wars, slowing economic growth, Brexit… the storm clouds are gathering for metals markets around the world.
Categories: Metals Industry News

AT A GLANCE: SCC copper output up, zinc production down in Q3

Base Metals Market - Thu, 10/24/2019 - 14:50
A summary of Southern Copper Corp’s production results for the third quarter of 2019, following the release of the company’s earnings report on Wednesday October 23.
Categories: Metals Industry News

LME WEEK 2019: Shadow-stock reporting faces headwinds but LME reform on right path – sources

Base Metals Market - Thu, 10/24/2019 - 12:57
The London Metal Exchange’s mission to create more transparency in stock levels may not be popular with the whole market but it is a big step toward fixing key issues with the exchange, sources told Fastmarkets.
Categories: Metals Industry News

LME WEEK 2019: Bears, bulls divided over fickle LME nickel price

Base Metals Market - Thu, 10/24/2019 - 11:30
Market analysts are preparing their predictions for base metals prices on the London Metal Exchange ahead of LME Week 2019, but the recent volatility in LME nickel prices and spreads is proving an obstacle to price forecasting for the fourth quarter of the year.
Categories: Metals Industry News

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