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Metals Industry News

SHFE vs LME physical arbitrage 04/12: Copper, aluminium, zinc, nickel

Base Metals Market - Tue, 12/04/2018 - 10:06
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday December 4*
Categories: Metals Industry News

METALS MORNING VIEW 04/12: Metals prices rebound again after Monday's rally ran into selling

Base Metals Market - Tue, 12/04/2018 - 09:43
Price gains inspired by the trade developments at the Group of Twenty (G20) summit over the weekend were sold into during afternoon trading on Monday December 3, but likewise the dips have been bought into again this morning.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 04/12: Most SHFE base metals prices retreat; Glencore lowers cobalt production forecast at Katanga; Chinese FeSi price extends gains

Base Metals Market - Tue, 12/04/2018 - 05:40
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Tuesday December 4.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/12: Most SHFE base metals prices weaker amid bouts of profit-taking; tin supported

Base Metals Market - Tue, 12/04/2018 - 05:25
Base metals prices, bar those for tin, on the Shanghai Futures Exchange were all down during Asia morning trading on Tuesday December 4, with investors taking profits following the strong performance by the complex on Monday.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/12: LME copper, zinc prices rise by 1.5% amid positive trade talks

Base Metals Market - Mon, 12/03/2018 - 18:50
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday December 3, with broadly positive market sentiment emerging from the weekend’s summit in Argentina of the leaders of the G20 group of nations, while the United States and China agreed to limit further use of trade tariffs.
Categories: Metals Industry News

Brazilian aluminium production falls 26% y-o-y in October, Abal says

Base Metals Market - Mon, 12/03/2018 - 17:51
Brazil’s primary aluminium production continued to slow in October, according to local aluminium association Abal.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/12: Comex copper surges in opening session

Base Metals Market - Mon, 12/03/2018 - 15:55
Comex copper prices recovered Monday morning in the US, after Chinese and US leaders decided to freeze additional tariffs for 90 days over the weekend at the G20 summit.
Categories: Metals Industry News

Codelco reaches labor agreement for Ministro Hales mine

Base Metals Market - Mon, 12/03/2018 - 13:50
Chile’s state-owned copper producer Codelco has reached an agreement with workers from its Ministro Hales division for wage raises, the company stated on Saturday December 1.
Categories: Metals Industry News

PEOPLE MOVES: Glencore head of copper marketing Mistakidis to retire at end of year

Base Metals Market - Mon, 12/03/2018 - 12:55
Aristotelis Mistakidis, Glencore's head of copper marketing, will retire at the end of this year, the commodity trading house said on Monday December 3.
Categories: Metals Industry News

Zinc conc TCs jump to 3-yr high; low, high-silver lead terms diverge

Base Metals Market - Mon, 12/03/2018 - 12:30
Treatment charges (TCs) for zinc concentrates continued to rise sharply in November, hitting highs unseen since November 2015
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 03/12: LME prices higher; Chalco to cut Al output by 470,000t; changes to the 65% Fe Iron Ore Index specification

Base Metals Market - Mon, 12/03/2018 - 12:00
The latest metal markets news and price moves to start the North American day on Monday December 3.
Categories: Metals Industry News

Spot copper concentrate TCs rise in late Nov due to smelter outages

Base Metals Market - Mon, 12/03/2018 - 11:25
Diverted tonnages have been flowing into the spot copper concentrate market following unplanned outages at major smelters, boosting treatment charges (TCs) in the final two weeks of November.
Categories: Metals Industry News

Vedanta will deliver first Gamsberg zinc concs parcel to Korea in Dec - sources

Base Metals Market - Mon, 12/03/2018 - 11:20
Vedanta will make the long-awaited first delivery of zinc concentrates to Korea from its Gamsberg mine in South Africa late in December, well-informed sources told Fastmarkets MB on Monday December 3.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/12: LME zinc price rises 1.8% in high-volume trading; US-China talks spur bullish momentum

Base Metals Market - Mon, 12/03/2018 - 10:59
Base metals prices on the London Metal Exchange were all higher across the board in morning trading on Monday December 3, boosted by positive sentiment surrounding the cooling US-China trade dispute while high volumes indicate strengthening buying appetite.
Categories: Metals Industry News

Shanghai copper, zinc bonded stocks rose in November due to closed import arbitrage window but nickel stocks fell

Base Metals Market - Mon, 12/03/2018 - 10:50
Copper and zinc stocks in bonded warehouses in Shanghai rose in November, reflecting the enduring loss in the import arbitrage between London and Shanghai.
Categories: Metals Industry News

Chalco to cut output by up to 470,000t amid low prices, tighter environmental restrictions

Base Metals Market - Mon, 12/03/2018 - 09:45
Aluminium Corporation of China (Chalco) is to cut as much as 470,000 tonnes of aluminium production, according to an announcement on its website on November 30.
Categories: Metals Industry News

METALS MORNING VIEW 03/12: Metals react positively to G20 trade developments

Base Metals Market - Mon, 12/03/2018 - 09:30
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 03/12: Copper, aluminium, zinc, nickel

Base Metals Market - Mon, 12/03/2018 - 09:11
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday December 3*
Categories: Metals Industry News

In undersupplied market, US-China lead trade continues amid tariff negotiations

Base Metals Market - Mon, 12/03/2018 - 09:00
Chinese lead smelters are continuing to purchase and import US-origin lead concentrates amidst ongoing negotiations on 2019 tariffs and a tense relation between the two countries over trade.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 03/12: SHFE base metals prices broadly higher on postive rhetoric from G20 summit; UMK declares force majeure on Mn ores shipment; US Al premium falls

Base Metals Market - Mon, 12/03/2018 - 05:05
Good morning from FastMarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Monday December 4.
Categories: Metals Industry News

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