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Metals Industry News

BETTING ON BLOCKCHAIN: DRC miners eye blockchain for ethical sourcing

Base Metals Market - Fri, 03/01/2019 - 16:15
Miners in the Democratic Republic of Congo (DRC) are starting to look at blockchain as a way to provide supply chain traceability in compliance with customer and regulatory requirements, according to the chief operating officer of Cobalt Blockchain (COBC).
Categories: Metals Industry News

LME outlines pricing procedures for new futures contracts; introduces cash-settled futures index

Base Metals Market - Fri, 03/01/2019 - 14:41
The London Metal Exchange has released its pricing procedures and methodologies for the scheduled release of its cash-settled futures contracts on March 11, highlighting methods in which the bourse will determine daily settlement prices.
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FOCUS: LME, CME copper prices move higher, China prepares exports

Base Metals Market - Fri, 03/01/2019 - 13:10
Copper-starved LME warehouses could receive a long-awaited influx of metal from an unexpected source, Fastmarkets has learned.
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Cif Shanghai copper premium far from touching floor, market says

Base Metals Market - Fri, 03/01/2019 - 12:44
Copper premiums basis cif Shanghai could fall further even after a recent collapse, Shanghai market participants told Fastmarkets.
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Q2 MJP aluminium premium offers come in a third above Q1 at $109-112/t - sources

Base Metals Market - Fri, 03/01/2019 - 12:08
Premium offers for aluminium supplies to Japan in the second quarter came in this week well above first-quarter levels, at $109-112 per tonne cif MJP, surprising buyers who are still hoping for a benchmark settlement below the $100 mark, Fastmarkets learned on Friday March 1.
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Copper concs TCs firm in late Feb as buying picks up; eyes on bleak Chinese cathode demand

Base Metals Market - Fri, 03/01/2019 - 11:57
Spot copper concentrates treatment and refining charges (TCs/RCs) firmed in the latter half of February after Chinese smelters returned to the market for March and April cargoes.
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Disruption continues at Rusal-owned 2.3mln tpy bauxite mine in Guyana

Base Metals Market - Fri, 03/01/2019 - 11:06
Mining operations at Rusal’s 2.3 million-tonne-per-year Bauxite Co of Guyana Incorporated (BCGI) have been suspended for 14 days due to strike action, with no timeline for the return of workers.
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SHFE vs LME physical arbitrage 01/03: Copper, aluminium, zinc, nickel

Base Metals Market - Fri, 03/01/2019 - 11:00
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 01*
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LIVE FUTURES REPORT 01/03: LME base metals prices dip on US dollar strength; Ni, Zn hold gains

Base Metals Market - Fri, 03/01/2019 - 10:55
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Friday March 1, with a slight uptick in the US dollar index capping gains while disappointing Chinese and European PMI data continues to show weakness across global manufacturing sectors.
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SHFE STOCKS REPORT 01/03: Base metals stocks broadly higher; Ni bucks trend

Base Metals Market - Fri, 03/01/2019 - 09:29
Base metal stocks at Shanghai Futures Exchange-approved warehouses were mostly up week on week on Friday March 1, with aluminium registering the largest gain while nickel is trending downward.
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LIVE FUTURES REPORT 01/03: SHFE Zn, Pb prices climb; rest of complex mixed

Base Metals Market - Fri, 03/01/2019 - 04:30
Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Friday March 1, with concerns over slowing global economic growth offsetting the optimism surrounding US-China trade talks.
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Aqua Metals signs operational, management contract with Veolia

Base Metals Market - Thu, 02/28/2019 - 22:59
Aqua Metals Inc has signed over operational, maintenance and management services for its AquaRefining facility in McCarran, in the US state of Nevada, to Veolia North America Regeneration Services LLC, the company said.
Categories: Metals Industry News

Chilean copper output down 4.5% in January, INE says

Base Metals Market - Thu, 02/28/2019 - 22:33
Chile’s copper production fell in January as the contained copper in each mined tonne diminished - as well as the refining output altogether - during the month, national statistics institute INE said on Thursday February 28.
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LIVE FUTURES REPORT 28/02: Low volumes cap mixed LME base metals, Zn, Pb continue uptrend

Base Metals Market - Thu, 02/28/2019 - 18:05
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 28, with low volumes and narrow trading ranges coming amid a slight uptick in the US dollar index, while continued US-China trade optimism came up against slower than expected US economic growth.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/02: Comex copper price suffers from weak Chinese data

Base Metals Market - Thu, 02/28/2019 - 16:00
The Comex copper price was lower in the US morning on Thursday February 28 after soft Chinese manufacturing data dampened sentiment for the metal.
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HKEX notes LME volumes’ ‘strong growth’ in 2018 earnings; unveils strategic plan

Base Metals Market - Thu, 02/28/2019 - 15:55
Hong Kong Exchanges and Clearing (HKEX), owner of the London Metal Exchange, filed its 2018 earnings this week, reporting record LME volumes amid a 26% climb in profit after tax, while its forward-looking strategy earmarks asset diversification in its aim to become a global market leader.
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LME to consider internal funding, charitable donations from enforcement proceeds

Base Metals Market - Thu, 02/28/2019 - 14:09
The London Metal Exchange has closed its market consultation on its proposed arrangements for the use of enforcement proceeds, highlighting three principal options it plans to consider.
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LIVE FUTURES REPORT 28/02: LME lead price continues uptrend amid fresh cancelation; Cu, Ni well supported

Base Metals Market - Thu, 02/28/2019 - 10:30
Lead’s three-month price on the London Metal Exchange climbed over 1% during morning trading on Thursday February 28, with a continued draw on European supply prompting upward price action, while trade optimism supports buying despite disappointing Chinese PMI data.
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METALS MORNING VIEW 28/02: Metals prices consolidate as poor Chinese PMI data weighs on sentiment

Base Metals Market - Thu, 02/28/2019 - 09:47
A drop in China’s manufacturing purchasing managers’ index (PMI) to 49.2 in February, from 49.5 in January, has set a weaker tone across markets with base metals traded on the London Metal Exchange mostly lower and down by an average of 0.3% in the morning of Thursday February 28.
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SHFE vs LME physical arbitrage 28/02: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 02/28/2019 - 09:47
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday February 28*
Categories: Metals Industry News

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