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Metals Industry News

NORTH AMERICAN MORNING BRIEF 16/11: Southeast Asian steel billet import prices fall; SGX to launch high-grade iron ore derivatives; China rebar price lowers

Base Metals Market - Fri, 11/16/2018 - 13:15
The latest metal markets news and price moves to start the North American day on Friday November 16.
Categories: Metals Industry News

SHFE STOCKS REPORT 16/11: SHFE nickel stocks up 10.5%

Base Metals Market - Fri, 11/16/2018 - 12:48
Base metal stocks on the Shanghai Futures Exchange (SHFE) showed divergent trends during the week ending Friday November 16, with nickel stocks surging 10.5% on a weekly basis.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/11: Positive opening for LME base metals boosted by dollar dip; lead, nickel prices climb 1%

Base Metals Market - Fri, 11/16/2018 - 11:49
Base metals on the London Metal Exchange had a mixed start in morning trading on Friday November 16, with investor sentiment improving amid easing US-China trade tensions and a slight downturn in the US dollar index.
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SHFE vs LME physical arbitrage 16/11: Copper, aluminium, zinc, nickel

Base Metals Market - Fri, 11/16/2018 - 10:03
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday November 16 *
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METALS MORNING VIEW 16/11: Metals prices mixed while trade uncertainty dominates

Base Metals Market - Fri, 11/16/2018 - 08:55
Three-month base metals prices on the London Metal Exchange were either little changed or stronger on the morning of Friday November 16.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 16/11: SHFE zinc prices gain on tight supply; copper scrap availability in China not a cause for concern; deficit in refined zinc market persists

Base Metals Market - Fri, 11/16/2018 - 05:30
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Friday November 16.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/11: SHFE zinc prices continue to move up on tight supply; nickel weakens

Base Metals Market - Fri, 11/16/2018 - 05:20
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Friday November 16, with zinc, copper and tin registering gains while the rest of the complex weakened.
Categories: Metals Industry News

ASIA COPPER WEEK 2018: China’s supply of copper scrap in 2019 not a cause for concern – sources

Base Metals Market - Fri, 11/16/2018 - 02:56
The availability of copper scrap units in China should improve next year despite the forthcoming ban on category-7 imports, market sources said at Asia Copper Week on Thursday November 15.
Categories: Metals Industry News

FOCUS: HPAL process 'not a quick solution' to battery-grade nickel tightness

Base Metals Market - Thu, 11/15/2018 - 19:45
Planned investment by China in high-pressure acid-leaching (HPAL) projects for nickel mining will materialize, but the projected production timeframes are very likely to be pushed back, and development costs are liable to increase, market participants have told Fastmarkets.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/11: LME zinc rallies 3% in mixed LME close; nickel, lead lose gains

Base Metals Market - Thu, 11/15/2018 - 18:47
Zinc futures on the London Metal Exchange rallied 3% at the close on Thursday November 15, ending a weeklong downtrend and supported by a decade-low downdraft in total LME inventories.
Categories: Metals Industry News

Swiss investment bank UBS Group applies for LME Category II membership

Base Metals Market - Thu, 11/15/2018 - 17:16
Swiss multinational investment bank, UBS Group, has applied for Category II membership on the London Metal Exchange, according to a note released by the exchange on Thursday November 15.
Categories: Metals Industry News

Alumina index moves closer to $400/t on high-liquidity day

Base Metals Market - Thu, 11/15/2018 - 16:50
Liquidity in the Pacific alumina market picked up on Thursday November 15 with prices on a fob Australia basis hitting a fresh eight-month low.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/11: Comex copper price jumps up on positive macroeconomics

Base Metals Market - Thu, 11/15/2018 - 16:18
The Comex copper price moved higher on Thursday November 15 amid a broad-based increase due to a solid macroeconomic backdrop ahead of the end of year holiday season .
Categories: Metals Industry News

Bluequest supports Xiana's purchase of Glencore’s MAP copper assets

Base Metals Market - Thu, 11/15/2018 - 12:50
Bluequest Sourcing, a 100% subsidiary of commodity trading house Bluequest Resources, has advanced Xiana Mining’s secured convertible loan facility to support its acquisition of Minera Altos De Punitaqui (MAP) from Glencore.
Categories: Metals Industry News

Antofagasta to boost copper capacity by 70,000 tpy via $1.3bln Los Pelambres expansion

Base Metals Market - Thu, 11/15/2018 - 12:43
Antofagasta aims to increase copper capacity by 70,000 tonnes per year of via a rebuild of its Los Pelambres mine in Chile at a cost of $1.3 billion, the Chilean copper producer said.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 15/11: LME zinc price climbs 3%; Antofagasta, Jiangxi agree on copper concs benchmark

Base Metals Market - Thu, 11/15/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Thursday November 15.
Categories: Metals Industry News

CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: MJP, domestic Chinese prices drop on weak demand

Base Metals Market - Thu, 11/15/2018 - 12:11
Key data from the Wednesday November 14 pricing session in Asia.
Categories: Metals Industry News

ASIA COPPER WEEK 2018: Chinese presence in copper futures market ‘is growing’

Base Metals Market - Thu, 11/15/2018 - 12:05
China’s presence and influence in the copper futures market is growing, reflected in the significant increase in the number of copper transactions conducted by Chinese participants across major exchanges over the past two years, representatives of major bourses told delegates at Asia Copper Week in Shanghai.
Categories: Metals Industry News

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