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Metals Industry News

Barrick eyes alternative smelter for its Lumwana copper concentrates

Base Metals Market - Thu, 10/17/2019 - 15:05
Mining corporation Barrick is eyeing potential alternative processors for concentrates produced at its Lumwana copper mine in Zambia while it waits for a third-party smelter to resume operations after a major refurbishment.
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LIVE FUTURES REPORT 17/10: LME nickel down 1.1% despite further drawdowns; Cu gains ground

Base Metals Market - Thu, 10/17/2019 - 10:41
The London Metal Exchange three-month nickel price shed 1% from the previous day’s close to trade at around $16,285 per tonne during the morning session on Thursday October 17, with the weakness coming despite further drawdowns leaving LME nickel stocks at 88,302 tonnes - the lowest since December 2012.
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First trades for Fastmarkets-settled alumina contract on LME

Base Metals Market - Thu, 10/17/2019 - 10:24
The London Metal Exchange’s cash-settled alumina futures contract, which is settled against a basket of prices that includes Fastmarkets’ index, traded for the first time on Thursday October 17.
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China’s major copper smelters raise Q4 TC/RCs price floor by 20%

Base Metals Market - Thu, 10/17/2019 - 09:02
China’s top copper smelters have agreed to raise the price floor for fourth-quarter treatment and refining charges (TC/RCs) by 20% from the prior quarter, sources familiar with the matter told Fastmarkets on Thursday October 17.
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LIVE FUTURES REPORT 17/10: SHFE nickel price slumps 2.1%, mirroring weakness seen on LME; other metals mixed

Base Metals Market - Thu, 10/17/2019 - 06:02
Base metals on the Shanghai Futures Exchange gave a largely subdued performance during the morning trading session on Thursday October 17, amid persistent macroeconomic uncertainty that continues to weigh on the complex.
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GLOBAL NICKEL WRAP: Rotterdam cut cathode premium drops, other rates unchanged worldwide

Base Metals Market - Thu, 10/17/2019 - 04:35
The nickel 4x4 cathode premium in the Dutch port of Rotterdam softened on Tuesday October 15, while other rates around the world were steady.
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IN CASE YOU MISSED IT: 5 key stories from October 16

Base Metals Market - Thu, 10/17/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday October 16 that are worth another look.
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PEOPLE MOVES: Andrew Stonkus to retire from Teck, replaced by Réal Foley

Base Metals Market - Wed, 10/16/2019 - 21:40
Andrew Stonkus is to retire as Teck Resources Limited’s senior vice president, marketing and logistics, on December 31 and will be replaced by Réal Foley.
Categories: Metals Industry News

US copper rod extra could rise on Asarco strike

Base Metals Market - Wed, 10/16/2019 - 21:16
A labor strike at the copper rod producer’s plants may impact the spot premium for copper rod in the United States, but will likely have a minimal impact on the copper cathode premium, sources told Fastmarkets.
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Global zinc output to rise by 555,000 tonnes in 2020, Founder Commodity says

Base Metals Market - Wed, 10/16/2019 - 20:10
The global production of refined zinc in 2020 is expected to increase by 555,000 tonnes amid high treatment charges (TCs) for zinc concentrates, Yuan Yuchen of Founder Commodity told delegates at the 2019 Lead & Zinc Week in Kunming on Wednesday October 16.
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BIR 2019: Europe oversupplied with non-ferrous scrap with sellers eager to offload

Base Metals Market - Wed, 10/16/2019 - 18:58
The European non-ferrous scrap market is oversupplied and sellers at this week’s Bureau of International Recycling (BIR) conference in Hungary were eagerly approaching buyers in the hope of offloading materials by the end of this year.
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LME postpones pre-trade transparency notice, explores alternative

Base Metals Market - Wed, 10/16/2019 - 18:20
The London Metal Exchange has postponed the publication of a consultation notice outlining its pre-trade transparency (PTT) rule changes this month, and is considering adopting an alternative solution favored by the majority of its members.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/10: LME nickel price hits six-week low amid 3% decline; lead tops gains

Base Metals Market - Wed, 10/16/2019 - 18:06
The three-month price of nickel on the London Metal Exchange was down at the close of trading on Wednesday October 16, settling at its lowest level since August 29 amid thin turnover, while lead continued to rally over the afternoon.
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BASE METALS WARRANT REPORT 16/10

Base Metals Market - Wed, 10/16/2019 - 17:58
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 16.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Shanghai, Europe zinc premiums soften; global lead premiums unchanged

Base Metals Market - Wed, 10/16/2019 - 17:55
Physical zinc premiums in Shanghai softened in the week to Tuesday October 15, with the import loss for bringing zinc into the region widening by just under $100 per tonne since last week; meanwhile a drop in the Northern Europe premium was exacerbated by poor demand and tight forward spreads.
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FOCUS: Why is copper's imminent supply squeeze going unnoticed? [REFILED]

Base Metals Market - Wed, 10/16/2019 - 17:09
Global copper supply faces an immediate squeeze but any move in the price looks unlikely.
Categories: Metals Industry News

BATTERY MATERIALS EUROPE: Insights from Fastmarkets’ inaugural European event

Base Metals Market - Wed, 10/16/2019 - 13:53
Fastmarkets welcomed leading players from the world’s battery makers as well as producers of raw materials to its first European battery event, held in Amsterdam, for insight and discussion on the anticipated surging growth in the market.
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Incoming EC members take aim at metal imports with 'carbon border tax'

Base Metals Market - Wed, 10/16/2019 - 12:38
Members of the incoming European Commission, expected to take office in November, have released more details of a planned “carbon border tax”, which could levy charges on metal imports into the European Union.
Categories: Metals Industry News

Key market insights from the International Aluminium conference

Base Metals Market - Wed, 10/16/2019 - 12:00
Market participants from the entire aluminium supply chain met in Athens, Greece, in September to negotiate annual contracts for 2020 and discuss key market trends.
Categories: Metals Industry News

Miners strike at Antofagasta’s Antucoya copper project

Base Metals Market - Wed, 10/16/2019 - 11:36
A strike kicked off on Wednesday October 16 at Antofagasta’s Antucoya copper project after workers could not reach an agreement on wage increases with the Chilean miner.
Categories: Metals Industry News

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