You are here

Metals Industry News

LIVE FUTURES REPORT 02/06: LME nickel price continues to climb; tin stocks keep falling

Base Metals Market - Tue, 06/02/2020 - 10:25
The London Metal Exchange three-month nickel price was the standout performer during morning trading on Tuesday June 2, climbing by 1.4% and continuing the buying momentum that emerged on Monday, while declining LME tin stocks support the price.
Categories: Metals Industry News

ITA adds voice to calls to aid artisanal miners during Covid-19

Base Metals Market - Tue, 06/02/2020 - 04:14
The International Tin Association (ITA) has echoed “emergency calls” to protect vulnerable artisanal miners during the Covid-19 pandemic, which is said to jeopardize a decade of progress in responsibly sourcing metals and minerals.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from June 1

Base Metals Market - Tue, 06/02/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Monday June 1 that are worth another look.
Categories: Metals Industry News

Asset manager Storebrand excludes China's MCC over tailings practices

Base Metals Market - Mon, 06/01/2020 - 19:12
Metallurgical Corporation of China (MCC) has been excluded from the investment portfolio of Norway’s largest asset manager because of activities at the Ramu NiCo mine in Papua-New Guinea, of which the East Asian company is the majority owner and operator.
Categories: Metals Industry News

PRICING NOTICE: Proposal to extend the delivery window for the spot aluminium P1020A cif Japan premium

Base Metals Market - Mon, 06/01/2020 - 17:56
Fastmarkets is proposing to extend the delivery window for its aluminium P1020A (MJP) spot premium, cif Japan.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/06: LME copper price nears $5,500; US construction spending lends support

Base Metals Market - Mon, 06/01/2020 - 17:15
The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday June 1, needing only a further slight push to rise above $5,500 per tonne – a level it has not breached since March 11 – while a smaller-than-expected fall in US monthly construction spending also supported the base-metals complex.
Categories: Metals Industry News

Norsk Hydro, Northvolt enter battery recycling JV

Base Metals Market - Mon, 06/01/2020 - 15:59
Aluminium producer Norsk Hydro and battery cell maker Northvolt have formed a joint venture to harness recycling synergies between their two industries, Northvolt said.
Categories: Metals Industry News

Open arbitrage sends Shanghai bonded copper stock levels to fresh low; zinc inventories also down

Base Metals Market - Mon, 06/01/2020 - 14:12
An open import arbitrage window during May has led to significant declines in copper and zinc stocks in the Shanghai bonded zone, while aluminium stocks rose following a rush by participants to deliver more metal in bonded warehouses to satisfy growing appetite to import the light metal into China.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/06: LME copper price pushes above $5,400/t; outflows strengthen tin price

Base Metals Market - Mon, 06/01/2020 - 10:05
The three-month copper price on the London Metal Exchange inched up 0.8% during morning trading on Monday June 1, pushing back above nearby resistance levels amid strong turnover, while a 200-tonne outflow for LME tin stocks kept its price elevated.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 29

Base Metals Market - Mon, 06/01/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Friday May 29 that are worth another look.
Categories: Metals Industry News

Codelco profits plummet in first quarter

Base Metals Market - Fri, 05/29/2020 - 22:31
Codelco’s profits fell by 85.5% year on year in the first quarter of 2020, the company said on Friday May 29, due to lower copper prices brought about by the global spread of the novel coronavirus.
Categories: Metals Industry News

WEBINAR: Nickel supply concerns for EV use heighten from 2022 - poll

Base Metals Market - Fri, 05/29/2020 - 19:13
Concerns over the availability of nickel for the battery sector increase from 2022, when electric vehicle (EV) growth picks up again after a period of weak consumer confidence caused by Covid-19, according to a poll conducted during a Fastmarkets webinar.
Categories: Metals Industry News

LIVE FUTURES REPORT 29/05: Zinc price up 2.5% but still closes below $2,000

Base Metals Market - Fri, 05/29/2020 - 17:23
The three-month price of zinc on the London Metal Exchange rose by 2.50% during trading on Friday May 29 to close at $1,988 per tonne.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 29/05: Cobalt hydroxide prices rise; graphite demand still sluggish

Base Metals Market - Fri, 05/29/2020 - 17:15
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RCs dip as smelter buying picks up; contango aids trader buying

Base Metals Market - Fri, 05/29/2020 - 16:47
Fastmarkets’ benchmark copper concentrates treatment and refining charge (TC/RC) index fell on Friday May 29 despite the expected return of Peruvian supply.
Categories: Metals Industry News

Consumers starting to pay green aluminium premium, former Norsk Hydro CEO says

Base Metals Market - Fri, 05/29/2020 - 16:24
Consumers are starting to pay a premium for low-carbon aluminium - a practice that will grow more widespread over time, the former chief executive officer of Norwegian aluminium producer Norsk Hydro said.
Categories: Metals Industry News

Covid-19 to accelerate technology in mining, former Norsk Hydro CEO says

Base Metals Market - Fri, 05/29/2020 - 16:11
The Covid-19 pandemic is likely to accelerate the use of technology in the metals and mining industry, the former chief executive officer of Norsk Hydro said.
Categories: Metals Industry News

Covid-19 will hit LME nickel hardest of all base metals - Citi

Base Metals Market - Fri, 05/29/2020 - 16:02
End-use demand for nickel will be so badly affected by Covid-19 that the London Metal Exchange three-month nickel price will recover at the slowest pace among the base metals, Citi analyst Oliver Nugent told Fastmarkets.
Categories: Metals Industry News

Aluminium overcapacity here for foreseeable future, former Norsk Hydro CEO says

Base Metals Market - Fri, 05/29/2020 - 15:40
Overcapacity in the aluminium industry is highly unlikely to be erased in the foreseeable future, according to the former head of Europe’s largest aluminium producer, Norsk Hydro.
Categories: Metals Industry News

May blister copper RC at two-year low despite slow return of African supply

Base Metals Market - Fri, 05/29/2020 - 15:22
Chinese copper smelters are still searching for spot raw materials to feed their furnaces while the supply of scrap and domestic blister copper remains crimped.
Categories: Metals Industry News

Pages

Subscribe to Allied Metal Group aggregator - Metals Industry News
Site content copyright © The Allied Metal Group, Inc.