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Metals Industry News

First Quantum starts ore processing at Cobre Panama copper mine

Base Metals Market - Thu, 02/14/2019 - 14:05
The copper industry's next major mine is a step closer to bringing its first tonnes to market.
Categories: Metals Industry News

Teck's zinc profitability down in 2018 on falling sales, prices

Base Metals Market - Thu, 02/14/2019 - 13:00
Teck Resources’ zinc business became less profitable in 2018 because of falling sales and declines in commodity prices, according to its annual earnings statement released on Wednesday February 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/02: LME base metals supported by positive Chinese trade data; Cu leads complex up

Base Metals Market - Thu, 02/14/2019 - 11:35
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Thursday February 14, with positive market sentiment emerging amid stronger than expected Chinese trade data, while US-China trade talks indicate a potential resolution.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 14/02: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 02/14/2019 - 10:40
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday February 14*
Categories: Metals Industry News

ERG suspends copper, cobalt production at Chambishi

Base Metals Market - Thu, 02/14/2019 - 09:50
Production of copper and cobalt has been suspended at the Chambishi refinery in Zambia due to constrained supply of imported feedstock.
Categories: Metals Industry News

East Asian stainless steel prices rise again on higher offers

Base Metals Market - Thu, 02/14/2019 - 05:45
Import prices for stainless steel in East Asia continued to rise during the past week with mills increasing their offers again amid costlier nickel, although spot trading activity remained sluggish amid the Lunar New Year lull.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/02: SHFE base metals prices up across the board; eyes on US-China trade talks

Base Metals Market - Thu, 02/14/2019 - 05:03
Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday February 14, but gains were somewhat limited amid a firmer dollar and caution ahead of high level trade talks between China and the United States.
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China’s domestic stainless steel prices rise despite weak demand

Base Metals Market - Thu, 02/14/2019 - 05:01
China’s domestic stainless steel prices moved up in the first three days of this week although demand remained soft.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 13

Base Metals Market - Thu, 02/14/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday February 13 that are worth another look.
Categories: Metals Industry News

HOTTER ON METALS: Japan, Saudi Arabia the winners in US Section 232 exclusions

Base Metals Market - Wed, 02/13/2019 - 20:52
The process to exclude steel and aluminium from the Section 232 import tariffs applied by the United States is having some interesting consequences.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/02: Dollar strength pressures LME base metals; Cu, Sn finish higher

Base Metals Market - Wed, 02/13/2019 - 18:05
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Wednesday February 13, with a late-afternoon appreciation in the US dollar index contributing to dampened buying sentiment while LME volumes remain low.
Categories: Metals Industry News

GLOBAL TIN WRAP: Premiums flat on weak US demand, quiet trade in Europe, China during Lunar New Year

Base Metals Market - Wed, 02/13/2019 - 17:55
Well-stocked US tin customers ordered little material in the week ended Tuesday February 12, while in Europe available tin did not necessarily meet customers’ specifications and most Chinese market participants were still away for the Lunar New Year public holiday, all factors keeping global premiums flat.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Shanghai zinc premiums down as arb loss deepens; Fastmarkets discontinues European lead premiums

Base Metals Market - Wed, 02/13/2019 - 16:58
Zinc premiums remained unchanged across all markets this week, apart from Shanghai and Italy, despite more relaxed three-month spreads and weaker zinc prices, while lead premiums stayed flat everywhere on low spot trading interest.
Categories: Metals Industry News

FASTMARKETS NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 13/02:

Base Metals Market - Wed, 02/13/2019 - 16:22
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday February 13:
Categories: Metals Industry News

LME extends pre-trade transparency consultation deadline

Base Metals Market - Wed, 02/13/2019 - 16:04
The London Metal Exchange has extended the consultation period regarding its proposals on pre-trade transparency to March 1, it said in a note to members on Wednesday February 13.
Categories: Metals Industry News

Southern Copper will raise copper, zinc, molybdenum output this year

Base Metals Market - Wed, 02/13/2019 - 16:03
Southern Copper Corporation (SCC) expects to increase its output of copper, zinc and molybdenum in 2019 via bringing new operations to full capacity, chief financial officer Raúl Jacob said.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: US briquette premium up on steady demand; European uncut cathode upcharge softens; China quiet

Base Metals Market - Wed, 02/13/2019 - 15:26
The briquette premium in the United States narrowed upward in the week ended Tuesday February 12 while the cut cathode equivalent was stable due to steady demand from the steel sector.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/02: Comex copper price stagnant, lacking fresh drivers

Base Metals Market - Wed, 02/13/2019 - 14:42
A lack of fresh drivers kept US copper futures steady in Wednesday morning trading.
Categories: Metals Industry News

Lower copper price could limit scrap availability, Aurubis says

Base Metals Market - Wed, 02/13/2019 - 14:20
Low prices for copper in the international markets could reduce the availability of copper scrap, European producer Aurubis said in a results statement for the October-December 2018 quarter, published on Wednesday February 13.
Categories: Metals Industry News

January MJP aluminium stocks little changed from December - Marubeni

Base Metals Market - Wed, 02/13/2019 - 12:33
Primary aluminium stocks at the three main Japanese ports (MJP) fell 0.73% (by 2,300 tonnes) month on month in January 2019, but increased by 13.50% compared with January 2018, according to data from major Japanese trading house Marubeni on Wednesday February 13.
Categories: Metals Industry News

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