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Metals Industry News

LIVE FUTURES REPORT 22/01: Tin up 3.4%, lead up 2.5% in week of Biden boost but rising Covid-19 worries

Base Metals Market - Fri, 01/22/2021 - 17:47
The London Metal Exchange base-metals complex finished the week to Friday January 22 on a broadly positive note, with most metals prices up from their Monday levels, albeit trading sideways from Thursday.
Categories: Metals Industry News

NEW ENERGY MATERIALS MARKET REPORT 22/01: Chinese nickel sulfate price matches historical high on reports of low stocks

Base Metals Market - Fri, 01/22/2021 - 17:00
An overview of the new energy materials markets and their price moves from the past week.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: China smelters continue to snap up March cargoes

Base Metals Market - Fri, 01/22/2021 - 15:26
The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago.
Categories: Metals Industry News

Primary global aluminium production rose 4% in Dec 2020, IAI says

Base Metals Market - Fri, 01/22/2021 - 13:00
Statistics released by the International Aluminium Institute on Thursday January 21 showed that global monthly aluminium production in December 2020 rose by 4.22% year on year.
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IN FIGURES: China’s battery raw materials exports in December 2020

Base Metals Market - Fri, 01/22/2021 - 11:38
A summary of China’s battery raw materials exports for December 2020.
Categories: Metals Industry News

IN FIGURES: China’s battery raw materials imports in December 2020

Base Metals Market - Fri, 01/22/2021 - 11:33
A summary of China’s battery raw materials imports for December 2020.
Categories: Metals Industry News

Vedanta seeks copper rod sales partner in Europe

Base Metals Market - Fri, 01/22/2021 - 11:30
Base metals producer Vedanta Resources is seeking a sales partner in Europe to sell the copper rods produced at its Fujairah Gold venture in the United Arab Emirates (UAE), it said.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/01: Nickel down 1.5%; LME complex deflates after Biden bounce

Base Metals Market - Fri, 01/22/2021 - 09:54
The London Metal Exchange complex traded downward on Friday January 22 morning, with nickel down the most with a 1.5% drop and metals relenting on their recent rises due to the ‘Biden bounce’, even as the dollar continued to weaken.
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MORNING VIEW: Base metals prices pull back as markets generally take a breather

Base Metals Market - Fri, 01/22/2021 - 08:22
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought.
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Chilean copper shipments delayed due to high swells

Base Metals Market - Fri, 01/22/2021 - 07:46
Buyers of Chilean copper products have been informed of delayed deliveries after swell warnings were issued for various coasts in Chile, Fastmarkets understands.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 21

Base Metals Market - Fri, 01/22/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.
Categories: Metals Industry News

Tailings storage facilities still pose huge threat of harm, RMF says

Base Metals Market - Thu, 01/21/2021 - 21:30
As many as one-third of the current global portfolio of tailings storage facilities (TSFs) are impaired and in need of urgent intervention, according to the Switzerland-based Responsible Mining Foundation (RMF).
Categories: Metals Industry News

LIVE FUTURES REPORT 21/01: LME tin price hits 2014 high; aluminium, nickel gain on weaker dollar

Base Metals Market - Thu, 01/21/2021 - 17:46
Tin’s forward price on the London metal Exchange rose to near seven-year highs above $22,000 per tonne on Thursday January 21 and aluminium and nickel posted gains just short of 1%, supported during trading by a weaker dollar index.
Categories: Metals Industry News

Aurubis raises FY2021 earnings forecasts on higher copper prices, scrap RC expectations

Base Metals Market - Thu, 01/21/2021 - 15:30
Aurubis expects high copper prices and consequent availability of scrap metal to boost its earnings for its 2021 financial year beyond previous forecasts, it said in a release to investors on Thursday January 21.
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AT A GLANCE: Lundin Mining 2020 copper output falls 2%; zinc down 5.8%

Base Metals Market - Thu, 01/21/2021 - 15:25
A summary of Canada-headquartered Lundin Mining’s output figures for the fourth quarter and full-year 2020, as stated in its production report published on Wednesday January 20.
Categories: Metals Industry News

LME proposes warrant holding limits, stock reporting portal to manage market conduct

Base Metals Market - Thu, 01/21/2021 - 15:05
Hidden under the big headline of the ring closing, the London Metal Exchange’s recent discussion paper also asked market participants for feedback on stocks, physical movements and market squeezes.
Categories: Metals Industry News

IN FIGURES: China 2020 aluminium ingot imports soar; alumina imports up 130% y-o-y

Base Metals Market - Thu, 01/21/2021 - 12:34
A summary of China’s alumina and aluminium ingot imports for December 2020 and the full-year 2020 from China customs data released on January 20.
Categories: Metals Industry News

Lotte Aluminium gains first ASI certification in South Korea

Base Metals Market - Thu, 01/21/2021 - 10:26
Lotte Aluminium has been certified against the Aluminium Stewardship Initiative (ASI) Chain of Custody (Coc) Standard at its rolling facility in Ansan, South Korea, it said on January 21.
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LIVE FUTURES REPORT 21/01: LME tin price breaches $22,000/t; complex positive at start of Biden administration

Base Metals Market - Thu, 01/21/2021 - 10:01
The London Metal Exchange three-month tin price surpassed the $22,000 per tonne mark during early trading on Thursday January 21, while the complex as a whole moved up due to a weaker dollar, rising equity markets and bullish sentiment after Joe Biden’s inauguration as the 46th US president on Wednesday.
Categories: Metals Industry News

Vedanta settles Zambian villagers' pollution claim over Nchanga copper mine

Base Metals Market - Thu, 01/21/2021 - 09:37
Vedanta Resources has agreed to settle all claims from over 2,500 Zambian villagers over pollution around the Nchanga copper mining operation, according to a company statement.
Categories: Metals Industry News

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