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Metals Industry News

NORTH AMERICAN MORNING BRIEF 12/10: Chuquicamata curbs operations; KIOCL eyes searborne market; China unwrought copper, imports at two-year high

Base Metals Market - Fri, 10/12/2018 - 12:00
The latest metal markets news and price moves to start the North American day on Friday October 12.
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LIVE FUTURES REPORT 12/10: LME base metals prices lifted by equity market bounce; tin loses momentum

Base Metals Market - Fri, 10/12/2018 - 11:06
The prices of base metals on the London Metal Exchange were for the most part higher during morning trading on Friday October 12, with prices stabilizing after a midweek sell-off resulted in Asian equity markets falling to a 19-month low and prompting risk-averse investors to curb buying.
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SHFE STOCKS REPORT 12/10: Zinc stocks soar 48.5%; nickel, tin buck trend

Base Metals Market - Fri, 10/12/2018 - 10:45
Base metal stocks at Shanghai Futures Exchange-approved warehouses had mixed outlooks, with zinc recording the biggest rise at 48.5% prior to the Golden Week holiday in China on September 28.
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Codelco’s Chuquicamata operating at reduced rate until mid-Nov, further cuts expected from Dec [UPDATED]

Base Metals Market - Fri, 10/12/2018 - 10:34
Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at the Teniente copper converter last month, the company told Fastmarkets.
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Open import arbitrage window and low inventories drive China’s copper imports in September sharply higher

Base Metals Market - Fri, 10/12/2018 - 09:05
China’s unwrought copper and copper product imports hit a two-year high in September, driven by an open import arbitrage window and market participants replenishing copper inventories amid low stockpiles in Shanghai-bonded and Shanghai Futures Exchange (SHFE) warehouses.
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LIVE FUTURES REPORT 12/10: SHFE base metals prices rebound on dollar weakness; copper gains on supply concerns

Base Metals Market - Fri, 10/12/2018 - 05:35
Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Friday October 12, with the weakening dollar supporting investors’ confidence.
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LIVE FUTURES REPORT 11/10: LME base metals prices consolidate lower; lead, tin rally

Base Metals Market - Thu, 10/11/2018 - 18:24
Movements in the prices of base metals on the London Metal Exchange were mixed at the close of trading on Thursday October 11, under broad pressure from a sharp sell-off in global equity markets despite the emergence of fresh buying in the markets for lead and tin.
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CORRECTION: Codelco’s Chuquicamata operating at reduced rate until mid-Nov, further cuts expected from Dec - sources

Base Metals Market - Thu, 10/11/2018 - 17:45
Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at the Teniente copper converter last month, the company told Fastmarkets.
Categories: Metals Industry News

LME WEEK 2018: This year should be remembered for the LME’s volumes growth – Chamberlain

Base Metals Market - Thu, 10/11/2018 - 16:22
The London Metal Exchange benefitted from 2018’s “economic turbulence” and the exchange should be proud of its growth in volume, LME chief executive Matthew Chamberlain said.
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LIVE FUTURES REPORT 11/10: Comex copper price rebounds after midweek selloff

Base Metals Market - Thu, 10/11/2018 - 15:44
The Comex copper price recovered in morning trading on Thursday October 11 although the complex remains vulnerable due to heavy selloffs in the equities space.
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Aurubis says rolled-copper business sale to Wieland unlikely

Base Metals Market - Thu, 10/11/2018 - 14:59
German copper giant Aurubis’ proposed sale of its rolled-copper product business to counterpart Wieland-Werke may not proceed with the current terms following a preliminary assessment by European Commission (EC), the company said on Wednesday October 10.
Categories: Metals Industry News

EXCLUSIVE: Copper production halted at Codelco’s Chuquicamata until early Nov – sources

Base Metals Market - Thu, 10/11/2018 - 14:31
Copper production at Codelco's Chuquicamata smelter has been stopped for nearly three weeks and will remain halted until early November as part of the company's efforts to comply with new emission standards taking effect in Chile on December 13, sources told Fastmarkets.
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LME WEEK 2018 - INTERVIEW: Codelco chairman sees success in proposal to taper 10% law

Base Metals Market - Thu, 10/11/2018 - 12:32
A requirement that the world’s largest copper producer hands over 10% of its sales to the Chilean military has a strong chance of being phased out, the chairman of Codelco said.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/10: LME base metals prices push lower amid equity market sell-off; lead’s downtrend continues

Base Metals Market - Thu, 10/11/2018 - 10:55
Base metals on the London Metal Exchange were collectively lower during morning trading on Thursday October 11, pressured by a sharp sell-off in global equity markets while investors remain broadly risk-averse toward commodity investment.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 11/10: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 10/11/2018 - 10:50
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday October 11*
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EUROPEAN MORNING BRIEF 11/10: SHFE base metals prices move lower; US silicon price fall; Shagang rolls over prices

Base Metals Market - Thu, 10/11/2018 - 06:25
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Thursday October 11.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/10: SHFE base metals prices soften on tumbling equities, firm dollar

Base Metals Market - Thu, 10/11/2018 - 04:35
Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Thursday October 11 amid concerns over the global macro-economic environment and dollar strength.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/10: SHFE base metals prices soften on tumbling equities, firm dollar

Base Metals Market - Thu, 10/11/2018 - 04:35
Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Thursday October 11 amid concerns over the global macro-economic environment and dollar strength.
Categories: Metals Industry News

ASIAN MORNING BRIEF 11/10: LME base metals broadly lower; alumina prices likely to tumble; moly oxide prices rise

Base Metals Market - Thu, 10/11/2018 - 00:05
The latest news and price moves to start the Asian day on Thursday October 11.
Categories: Metals Industry News

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