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Metals Industry News

LORD COPPER: Stocks need to drop for nickel to join cobalt in EV ride

Base Metals Market - Thu, 11/16/2017 - 10:08
Nickel prices trading on the London Metal Exchange were buoyed by optimism over electric vehicles during LME Week, but the industry needs to tackle the ever-present warehouse stockpiles before the lithium-ion battery raw material can mirror cobalt’s successes, Lord Copper argues.
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SHFE vs LME physical arbitrage 16/11: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 11/16/2017 - 09:20
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday November 16*.
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METALS MORNING VIEW 16/11: Base metals stabilize as risk-on resumes

Base Metals Market - Thu, 11/16/2017 - 09:00
Base metals traded on the London Metal Exchange are quiet this morning, Thursday November 16, posting a marginal decline of 0.1%. Aluminium (+0.2%) and tin (+0.1%) are in positive territory, while the rest of the complex is weaker.
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EUROPEAN MORNING BRIEF 16/11: SHFE base metals broadly higher; Traxys lands Zimasco agency deal; US ferro-alloys imports

Base Metals Market - Thu, 11/16/2017 - 06:45
Good morning from Metal Bulletin’s office in Shanghai, bringing the latest news and pricing stories on Thursday November 16.
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LIVE FUTURES REPORT 16/11: SHFE copper leads the pack higher as stocks fall; lead weakens

Base Metals Market - Thu, 11/16/2017 - 06:00
Base metals traded on the Shanghai Futures Exchange were broadly higher during Asian morning trading on Thursday November 16, with copper prices buoyed by declining stocks, while lead was the sole metal in negative territory.
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ASIAN MORNING BRIEF 16/11: LME nickel price tumbles; Tongling Nonferrous heading TC/RC negotiations; India seeking to recycle more aluminium

Base Metals Market - Thu, 11/16/2017 - 00:05
The latest news and price moves to start the Asian day on Thursday November 16.
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LIVE FUTURES REPORT 15/11: LME Al prices supported by winter cuts; nickel dips again

Base Metals Market - Wed, 11/15/2017 - 17:32
Base metals prices on the London Metal Exchange were on divergent paths in afternoon trading on Wednesday November 15, with copper and aluminium recovering from Tuesday’s declines.
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CHINA ALUMINIUM WEEK: Supply-side reform is driving aluminium industry - CNIA

Base Metals Market - Wed, 11/15/2017 - 15:27
China’s supply-side reform policies, such as illegal capacity cuts, have guided the country’s aluminium industry this year, the vice chairman of the China Nonferrous Metals Industry Association (CNIA) said at the China Aluminium Forum in Fuzhou on Wednesday November 15.
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GLOBAL TIN WRAP: Premiums ease in Europe, stay firm in US; focus on Indonesia after reported arrests

Base Metals Market - Wed, 11/15/2017 - 14:53
Tin premiums stayed firm in the US but fell in Europe in the week to Tuesday November 14 due improved availability from leading exporter Indonesia, although attention in the past 24 hours has turned to reports of arrests that could affect supply in months ahead.
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RECYCLED ALUMINIUM CONF: India keen to bring aluminium scrap supply closer to home - Metco

Base Metals Market - Wed, 11/15/2017 - 14:05
India is looking to address the large amounts of aluminium scrap it imports each year by trying to process more material domestically, Metco Marketing India’s managing director Dhawal Shah told delegates at Metal Bulletin’s 25th Recycled Aluminium conference in Warsaw.
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GLOBAL ZINC AND LEAD WRAP: US zinc premium drops; eyes on annual contract negotiations

Base Metals Market - Wed, 11/15/2017 - 13:11
US zinc premiums slipped this week, which was the first decline in five months - a sign of softening spot demand - while premiums were largely stable in other markets while the focus is on annual contract negotiations.
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RECYCLED ALUMINIUM CONF: Warrick smelter restart will increase need for scrap supply – Alcoa

Base Metals Market - Wed, 11/15/2017 - 12:15
Alcoa’s decision to partially restart the Warrick aluminium smelter in Indiana will increase the company’s need to supplement the on-site rolling mill with scrap, Alcoa’s director of metal management, Michael Boyle told delegates here at Metal Bulletin’s 25th Recycled Aluminium Conference in Warsaw.
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NORTH AMERICAN MORNING BRIEF 15/11: Russian buyers eye US Al scrap imports; Tongling to lead 2018 TC/RC talks; new weekly base metals wraps

Base Metals Market - Wed, 11/15/2017 - 12:05
The latest metal markets news and price moves to start the North American day on Wednesday November 15.
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Tongling Nonferrous to lead 2018 smelter TC/RCs benchmark negotiations

Base Metals Market - Wed, 11/15/2017 - 11:40
China’s Anhui-based Tongling Nonferrous will take the lead in the negotiations for the 2018 treatment and refining charges (TC/RCs) for smelters, sources told Metal Bulletin.
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GLOBAL NICKEL WRAP: European premiums hold at highs but buying interest in Shanghai fades

Base Metals Market - Wed, 11/15/2017 - 11:35
European nickel premiums were stable at record highs in the week to Tuesday November 14 but Shanghai premiums fell, reflecting a sharp 6% drop in the London Metal Exchange three-month price.
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LIVE FUTURES REPORT 15/11: LME nickel prices continues lower; weakness sets in across base metals

Base Metals Market - Wed, 11/15/2017 - 10:28
Base metals prices on the London Metal Exchange continued to weaken on the morning of Wednesday November 15 while the recent wave of selling continued.
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SHFE vs LME physical arbitrage 15/11: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 11/15/2017 - 09:13
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 15*
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METALS MORNING VIEW 15/11: Base metals undermined by China’s slowing growth

Base Metals Market - Wed, 11/15/2017 - 09:11
Base metals traded on the London Metal Exchange extended lower on the morning of Wednesday November 15, falling 0.5%, with nickel (-1.0%) and zinc (-1.0%) the weakest performers and tin (+0.2) the most resilient.
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GLOBAL COPPER WRAP: Annual contracts settle in US, China; Shanghai spot premium maintains highs

Base Metals Market - Wed, 11/15/2017 - 09:10
Spot copper cathode premiums were largely unchanged in the week to Tuesday November 14, supported by a strong contango in nearby London Metal Exchange spreads, with most of the market focused on annual contracts - which are starting to settle globally.
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GLOBAL ALUMINIUM WRAP: Premiums mostly unchanged ahead of production cuts in China

Base Metals Market - Wed, 11/15/2017 - 07:30
Global aluminium premiums were largely stable in the week to Tuesday November 14, supported by the contango in nearby London Metal Exchange spreads and ahead of Chinese winter production cuts.
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