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Metals Industry News

GLOBAL COPPER WRAP: US cathode premium expected to strengthen in 2019; Shanghai, Rotterdam premiums soften

Base Metals Market - Wed, 11/14/2018 - 03:00
Optimism continued to grow among copper market participants in the United States over the outlook for the domestic copper cathode premium following a key industry meeting this past week, with many attendees predicting a higher premium for next year.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Market unfazed by Rusal extension; Dec-Jan backwardation pressures MJP

Base Metals Market - Wed, 11/14/2018 - 01:05
The decision by the United States Treasury to extend the deadline for US companies to wind down their contracts with Russian producer Rusal has had little effect on global aluminium premiums over the week ended Tuesday November 13, with the market still watching the backwardated December-January spreads.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 13/11

Base Metals Market - Tue, 11/13/2018 - 22:30
A summary of base metals premiums from across the globe for the week to Tuesday November 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/11: LME lead price stages moderate recovery; nickel continues downtrend

Base Metals Market - Tue, 11/13/2018 - 17:56
Closing prices for base metals on the London Metal Exchange were mixed on Tuesday November 13, with lead the biggest positive move of the day while zinc failed to close above its nearby support level amid record-low LME inventories for both metals.
Categories: Metals Industry News

FOCUS: Copper TC/RC concentrate benchmark in China may slip in 2019, BMO says

Base Metals Market - Tue, 11/13/2018 - 17:52
The annual global benchmark for copper treatment and refining charges (TCs/RCs) might show a small fall in 2019 because of the tightening supply of copper concentrates, according to Canada-based financial services provider BMO Capital Markets.
Categories: Metals Industry News

FOCUS: Copper TC/RC concentrate benchmark in China may slip in 2019, BMO says

Base Metals Market - Tue, 11/13/2018 - 17:52
The annual global benchmark for copper treatment and refining charges (TCs/RCs) might show a small fall in 2019 because of the tightening supply of copper concentrates, according to Canada-based financial services provider BMO Capital Markets.
Categories: Metals Industry News

Gécamines says not consulted on decision to halt KCC cobalt sales

Base Metals Market - Tue, 11/13/2018 - 16:45
Gécamines has requested an emergency meeting with the technical teams of the stakeholders in Katanga Mining Limited but said it had not been consulted on a decision to halt the export and sale of cobalt from its Kamoto Copper Company (KCC) unit.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/11: Comex copper price inches higher after dollar declines

Base Metals Market - Tue, 11/13/2018 - 16:24
The Comex copper price staged a modest recovery in the US morning on Tuesday November 13, with the dollar index showing some weakness and allowing the price to climb.
Categories: Metals Industry News

Novelis invests $175mln to boost aluminium rolling, recycling in Brazil

Base Metals Market - Tue, 11/13/2018 - 13:45
Novelis will spend $175 million on expanding facilities at its Pindamonhangaba plant in South America, driven by solid consumer packaging demand, the US-headquartered firm said on Tuesday November 13.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 13/11: LME base metals prices recover; Section 232 not afflicting US Al smelters, GCC producers; ore, alloy prices weaken

Base Metals Market - Tue, 11/13/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Tuesday November 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/11: LME base metals prices recoup recent losses despite US dollar rally; lead drifts further

Base Metals Market - Tue, 11/13/2018 - 10:52
Base metals on the London Metal Exchange were predominantly higher during morning trading on Tuesday November 13, with upward price action largely impervious to a continued surge in the US dollar index and optimism over US-China trade relations boosting commodity investments.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 13/11: Copper, aluminium, zinc, nickel

Base Metals Market - Tue, 11/13/2018 - 09:45
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday November 13 *
Categories: Metals Industry News

METALS MORNING VIEW 13/11: Metals firmer on higher hopes for trade deals

Base Metals Market - Tue, 11/13/2018 - 09:40
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.6% on Tuesday November 13.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 13/11: SHFE base metals broadly lower, bar zinc; Section 232 delivers no impact on shipping of aluminium from Arab to US; OJSC Electrozinc to resume zinc production

Base Metals Market - Tue, 11/13/2018 - 04:05
Good morning from Fastmarkets’ offices in Asia as we bring you the latest news and pricing stories on Tuesday November 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/11: SHFE base metals prices broadly lower on stronger dollar

Base Metals Market - Tue, 11/13/2018 - 03:55
Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly down during Asian morning trading on Tuesday November 13, pressured by a stronger US dollar, although zinc made moderate gains on falling inventories.
Categories: Metals Industry News

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