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Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 16

Base Metals Market - Wed, 07/17/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday July 16 that are worth another look.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 16/07

Base Metals Market - Tue, 07/16/2019 - 21:57
A summary of base metals premiums from across the globe for the week to Tuesday July 16.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/07: LME nickel passes $14,000/t in 2.9% rally

Base Metals Market - Tue, 07/16/2019 - 18:15
The London Metal Exchange three-month nickel price rose 2.9% on Tuesday July 16 to close above the $14,000-per-tonne resistance level.
Categories: Metals Industry News

LIVE FUTURES 16/07: LME nickel passes $14,000/t in 2.9% rally

Base Metals Market - Tue, 07/16/2019 - 18:15
The London Metal Exchange three-month nickel price rose 2.9% on Tuesday July 16 to close above the $14,000-per-tonne resistance level.
Categories: Metals Industry News

First Cobalt, Glencore agree framework for phased cobalt refinery restart

Base Metals Market - Tue, 07/16/2019 - 17:33
First Cobalt Corp has agreed on a term sheet with Glencore AG, outlining the framework for a phased approach to recommission a cobalt refinery in Ontario, Canada, in less than a year with an expansion to 55 tonnes per day in 2021.
Categories: Metals Industry News

Recylex share trading resumes after revealing financial requirements for 2019-2021

Base Metals Market - Tue, 07/16/2019 - 17:12
Recylex’ listing on Euronext Paris resumed at the opening of the stock exchange on Tuesday July 16 after the lead and zinc recycler announced its projected cash requirements for 2019, 2020 and 2021.
Categories: Metals Industry News

MJP aluminium stocks inch up 1.4% in June vs May

Base Metals Market - Tue, 07/16/2019 - 15:07
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose 1.4% month on month in June, data released by major Japanese trading house Marubeni Corp on Tuesday July 16 showed.
Categories: Metals Industry News

Rio Tinto’s mined copper output drops 13% in Q2 vs last year; Oyu Tolgoi underground transition delayed

Base Metals Market - Tue, 07/16/2019 - 14:38
Rio Tinto’s mined copper production fell by 13% year on year in April-June 2019 due to lower production from its Escondida and Kennecott projects reflective of lower grades, the company said on Tuesday July 16.
Categories: Metals Industry News

Global zinc deficit rises y-o-y to 123,000 tonnes in Jan-May 2019, ILZSG says

Base Metals Market - Tue, 07/16/2019 - 13:51
The global market for refined zinc metal was in a deficit of 123,000 tonnes over the first five months of 2019, marking a 19.41% annual increase from 103,000 tonnes a year ago, the International Lead & Zinc Study Group (ILZSG) said.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/07: LME nickel price nears $14,000/t in 2% rally; Al ignores 56kt inflow

Base Metals Market - Tue, 07/16/2019 - 10:25
The London Metal Exchange three-month nickel price rallied by 2% during morning trading on Tuesday July 16, trading just below the $14,000 per tonne resistance level while the rest of the complex followed higher.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/07: SHFE base metals prices mostly little changed to weaker; Pb, Ni buck trend

Base Metals Market - Tue, 07/16/2019 - 05:40
Base metals prices on the Shanghai Futures Exchange were mostly little changed with a slight downward bias during morning trading on Tuesday July 16, with renewed dollar strength offsetting the positivity stemming from China’s better-than-expected economic data released on Monday.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 15

Base Metals Market - Tue, 07/16/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Monday July 15 that are worth another look.
Categories: Metals Industry News

HOTTER ON METALS: Reko Diq, a masterclass in mining ambition

Base Metals Market - Mon, 07/15/2019 - 23:27
The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least.
Categories: Metals Industry News

Four things we learned at Yantai Copper Forum

Base Metals Market - Mon, 07/15/2019 - 19:42
Fastmarkets summarizes five key points to take away from the one-day Yantai Copper Industry Forum held on Friday July 12 in China’s north-eastern Shandong province.
Categories: Metals Industry News

Copper production disruptions will slow the fall in TCs, forum delegates hear

Base Metals Market - Mon, 07/15/2019 - 19:00
Production disruptions at several Chinese copper smelters will slow the decline in treatment and refining charges (TCs/RCs) for copper concentrates, delegates told Fastmarkets at the Yantai Copper Industry Forum in north-eastern China on Friday July 12.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/07: LME tin price sinks 2%; nickel breaches $13,600/t in overall positive close

Base Metals Market - Mon, 07/15/2019 - 17:56
The three-month tin price on the London Metal Exchange fell by 2% at the close of trading on Monday July 15, dipping below the nearby $18,000 per tonne support level despite a predominantly positive trading session for the rest of the complex.
Categories: Metals Industry News

ALUMINA SNAPSHOT: Index falls below $300/t for first time since June 2017

Base Metals Market - Mon, 07/15/2019 - 16:20
Key data from the Monday July 15 pricing session in London.
Categories: Metals Industry News

Antofagasta-Barrick JV wins $6bn in arbitration with Pakistan over Reko Diq

Base Metals Market - Mon, 07/15/2019 - 14:17
The World Bank’s International Centre for Settlement of Investment Disputes has awarded $5.84 billion in damages to Tethyan Copper Co Pty Ltd (TCC), Antofagasta said on Monday July 15.
Categories: Metals Industry News

FOCUS: Steady Chinese demand, nickel price gains supporting Asian stainless steel market

Base Metals Market - Mon, 07/15/2019 - 13:14
Stainless steel prices in Asia are set to remain supported in the near term amid improved domestic demand in China and a surge in nickel prices following news of Indonesia’s plan to ban the export of ores, including that of nickel, by 2022.
Categories: Metals Industry News

Spot copper TC/RCs continue trading at low levels; Antofagasta H1 deals surprise market

Base Metals Market - Mon, 07/15/2019 - 11:35
Spot treatment and refining charges (TC/RCs) for copper concentrates continued to hover around low levels on Friday July 12 with smelters and traders continuing to pick up tonnages on these terms.
Categories: Metals Industry News

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