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Metals Industry News

SHFE STOCKS REPORT 29/05: Copper stocks plunge 17%; lead gains 16%

Base Metals Market - Fri, 05/29/2020 - 13:07
Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses moved in different directions in the week to Friday May 29, with copper posting the biggest decline, while lead saw the biggest gains.
Categories: Metals Industry News

LIVE FUTURES REPORT 29/05: LME copper holds gains on 17kt cancellation; rest of complex subdued

Base Metals Market - Fri, 05/29/2020 - 10:23
The London Metal Exchange three-month copper price held on to the previous day’s gains during morning trading on Friday May 29, while a second consecutive day of fresh cancellations of metal offered support to LME copper futures.
Categories: Metals Industry News

Boliden halts copper, nickel crushing at Kevitsa mine after fire causes 'extensive' damage

Base Metals Market - Fri, 05/29/2020 - 09:48
Boliden has stopped processing operations at its Kevitsa mine in Finland after a fire broke out overnight and caused "extensive" damage to a crushing plant there, it said on May 29.
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MORNING VIEW: Markets mixed; participants remain nervous about US response to China over Hong Kong

Base Metals Market - Fri, 05/29/2020 - 09:00
Broader markets were generally weaker this morning, Friday May 29, while they wait for what United States President Donald Trump’s response will be to China’s plans to impose national security laws in Hong Kong.
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IN CASE YOU MISSED IT: 5 key stories from May 28

Base Metals Market - Fri, 05/29/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Thursday May 28 that are worth another look.
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Rio Tinto considers move into large-scale scandium production

Base Metals Market - Thu, 05/28/2020 - 19:12
Rio Tinto is considering a move into industrial-scale scandium oxide production after developing a pilot plant and seeing strong interest in the market, the company said this week.
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Glencore to stay focused on value over volume, CEO says

Base Metals Market - Thu, 05/28/2020 - 18:48
Global commodities miner-marketer Glencore will continue to take a disciplined approach to ensuring that it does not overproduce at a time of declining demand for some materials, the company’s chief executive officer has said.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/05: LME copper price passes $5,300/t in 1.3% rise

Base Metals Market - Thu, 05/28/2020 - 18:07
The LME three-month copper price was again trading above the psychological $5,300-per-tonne level on Thursday May 28, ending the day up 1.3% day on day at $5,322.50 per tonne, buoyed by the fresh cancelation of 19,000 tonnes earlier in the day.
Categories: Metals Industry News

Nissan to close Barcelona carmaking plants in December 2020

Base Metals Market - Thu, 05/28/2020 - 17:32
Japanese carmaker Nissan intends to close three plants at its Nissan Barcelona operations in Spain from December 2020, the company said on Thursday May 28. The units affected will be at Zona Franca, Montcada and Sant Andreu.
Categories: Metals Industry News

Alcoa brings consultation for collective dismissal at San Ciprián smelter

Base Metals Market - Thu, 05/28/2020 - 14:40
Aluminium producer Alcoa said it has started a consultation period for a collection dismissal process for staff, as well as the possible shutdown, of its San Ciprián aluminium smelter in Spain.
Categories: Metals Industry News

China alumina price diverts on opaque market

Base Metals Market - Thu, 05/28/2020 - 12:50
The China alumina market split into different directions this week with higher deals pulling up the high end while weak demand from other aluminium producers dragged the low end down, sources said on Thursday May 28.
Categories: Metals Industry News

Peru copper mines to return to full swing in Q3 - IIMP

Base Metals Market - Thu, 05/28/2020 - 11:18
Peruvian copper and gold mining projects could return to full swing in the third quarter 2020 after a national lockdown led to significant disruptions and a sharp drop in export earnings, a local organization said.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/05: 19k cancellation supports copper; LME metals lackluster

Base Metals Market - Thu, 05/28/2020 - 10:00
Base metals prices were mixed during morning trading on Thursday May 28, with geopolitical tensions still weighing on the complex.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 27

Base Metals Market - Thu, 05/28/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/05: Negative US-China rhetoric caps LME base metals gains

Base Metals Market - Wed, 05/27/2020 - 18:08
Three-month prices for base metals on the London Metal Exchange, except aluminium, closed in negative territory after trading on Wednesday May 27, with futures prices capped by risk-off sentiment created by reignited tensions between the United States and China.
Categories: Metals Industry News

PRICING NOTICE: Correction to base metals arbitrage for nickel SHFE versus LME

Base Metals Market - Wed, 05/27/2020 - 17:25
Fastmarkets has corrected its daily assessments for the nickel arbitrage, in the base metals arbitrage SHFE versus LME calculation, which were published incorrectly on Tuesday May 26 due to an input error.
Categories: Metals Industry News

PEOPLE MOVES: Alvance names former Dunkerque MD de Goÿs as new COO

Base Metals Market - Wed, 05/27/2020 - 16:10
Alvance Aluminium Group, GFG alliance’s global aluminium division, named Guillaume de Goÿs its new chief operating officer Wednesday May 27.
Categories: Metals Industry News

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

Base Metals Market - Wed, 05/27/2020 - 15:58
The latest forecasts from Fastmarkets’ team of analysts are ready to view.
Categories: Metals Industry News

Antamina copper, zinc mine resumes ops after Covid-19 suspension

Base Metals Market - Wed, 05/27/2020 - 14:22
The Antamina copper and zinc mine in Peru has resumed operations following its shutdown due to the Covid-19 pandemic, shareholder Teck Resources said.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Nickel premiums in US, China slip while Europe holds firm

Base Metals Market - Wed, 05/27/2020 - 12:52
Nickel premiums in the United States and China dipped in the week to Tuesday May 26 while trade moved lower and premiums in Europe maintained their already-low levels, Fastmarkets was told.
Categories: Metals Industry News

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