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Metals Industry News

INTERVIEW: LME will name companies that don’t respond to responsible sourcing survey by year-end - Chamberlain

Base Metals Market - Thu, 05/24/2018 - 20:00
The London Metal Exchange is expected to publish its white paper on responsible sourcing of metal by around the start of July and is planning to publicly name companies that do not formally respond to a producer survey on standards by the end of the year, the exchange’s chief executive officer said.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: LME nickel surges 1.6%; tin price struggles

Base Metals Market - Thu, 05/24/2018 - 18:00
Base metals on the London Metal Exchange were broadly higher at the close of trading on Thursday May 24, with nickel prices leading the complex 1.6% higher while tin prices edge lower.
Categories: Metals Industry News

China impounds Glencore lead concentrate shipments, alleges they are waste products

Base Metals Market - Thu, 05/24/2018 - 17:24
Chinese customs agents have impounded 16,000 tonnes of lead concentrates they allege is secondary waste material shipped into the country by Swiss miner-trader Glencore, sources with knowledge of the matter told Metal Bulletin.
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India launches WTO trade dispute against US over Trump metal tariffs

Base Metals Market - Thu, 05/24/2018 - 16:40
The Indian government has launched a disputes proceeding at the World Trade Organisation (WTO), protesting the United States’ imposition of duties of 25% on imports of India-made steel and 10% duties on aluminium products.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: Comex copper staged modest recovery Thursday morning

Base Metals Market - Thu, 05/24/2018 - 15:25
Comex copper prices bounced-back Thursday May 24 vmorning in the US amid a weaker dollar, which is lending support after a heavy sell-off on Wednesday.
Categories: Metals Industry News

Freezing order on Katanga has had no material effect on copper-cobalt operations, Glencore subsidiary says

Base Metals Market - Thu, 05/24/2018 - 13:11
A freezing order on copper-cobalt assets held by Katanga Mining in the Democratic Republic of Congo (DRC) has not so far had any material effect on the Glencore subsidiary’s operations, it said last week.
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NORTH AMERICAN MORNING BRIEF 24/05: Lead keeps strength; Novelis doubles Ali sheet capacity; Jinchuan, Nornickel gap closes

Base Metals Market - Thu, 05/24/2018 - 12:00
The latest metal markets news and price moves to start the North American day on Thursday May 24.
Categories: Metals Industry News

Rusal warns sanctions ‘materially adverse’ to company; CEO, seven directors to resign

Base Metals Market - Thu, 05/24/2018 - 11:45
UC Rusal has warned shareholders that the US Treasury’s sanctions on the company may hamper its cashflow and its ability to obtain financing, according to a statement released on Thursday May 24.
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Novelis plans $180 mln investment to double Ali sheet capacity

Base Metals Market - Thu, 05/24/2018 - 11:38
Novelis Inc has said it will double its automotive aluminium body sheet capacity at its Changzhou facility in China.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: LME lead price climbs; tin drops while rest of complex consolidates

Base Metals Market - Thu, 05/24/2018 - 11:19
Base metals on the London Metal Exchange were mostly higher during morning trading on Thursday May 24, with lead’s upward momentum leading the complex while tin prices edge lower.
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SHFE vs LME physical arbitrage 24/05: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 05/24/2018 - 10:15
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday May 24*
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METALS MORNING VIEW 24/05: Lead prices run higher, other metals remain rangebound

Base Metals Market - Thu, 05/24/2018 - 09:40
Three-month base metals prices on the London Metal Exchange were once again mixed on the morning of Thursday May 24, with copper up 0.4% at $6,864 per tonne, while aluminium, nickel and zinc prices were off between 0.2% and 0.5%.
Categories: Metals Industry News

Premium gap between Jinchuan and Nornickel nickel plate narrows on closed import window

Base Metals Market - Thu, 05/24/2018 - 08:30
The premium differential between Jinchuan nickel full plate and Russian Nornickel full plate on the Wuxi Stainless Steel Exchange in China has sharply narrowed due to reduced supply of latter as a result of the closed import window.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 24/05: Rusal sanctions weigh on US ali extruders; July backwardation pushes Rotterdam ali premium down; European zinc premiums at multi-year lows

Base Metals Market - Thu, 05/24/2018 - 06:30
Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Thursday May 24.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: SHFE copper under pressure on stronger US dollar; lead continues to tick higher

Base Metals Market - Thu, 05/24/2018 - 06:15
Copper prices on the Shanghai Futures Exchange (SHFE) tracked those on the London Metal Exchange (LME) lower during Asian morning trading on Thursday May 24 as the US dollar continued to strengthen, while lead saw its rally continue apace.
Categories: Metals Industry News

East Asian stainless steel prices dip on weak demand

Base Metals Market - Thu, 05/24/2018 - 06:07
Stainless steel prices in East Asia fell slightly over the past week amid persistently low buying interest, although a few mills were still reluctant to lower their offers due to a spike in the nickel market.
Categories: Metals Industry News

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