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Metals Industry News

LIVE FUTURES REPORT 16/05: LME base metals trade higher despite thin volumes; tn price bucks trend

Base Metals Market - Thu, 05/16/2019 - 18:00
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Thursday May 16, with trade uncertainties broadly priced in while a stronger dollar tempered commodity buying over the afternoon.
Categories: Metals Industry News

ZHENGZHOU ALUMINA & BAUXITE CONF: Global alumina price bullishness hit by Alunorte progress - sources

Base Metals Market - Thu, 05/16/2019 - 16:57
Recent optimism for an uptrend in global alumina prices has been knocked by the news that the Federal Court in Belém, Brazil, has removed a production embargo on Norsk Hydro’s Alunorte alumina refinery, sources told Fastmarkets on the sidelines of the Alumina & Bauxite conference in Zhengzhou, China on May 16-17.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/05: LME aluminium price climbs 0.5% amid 33kt fresh cancelation

Base Metals Market - Thu, 05/16/2019 - 10:27
Aluminium’s three-month price on the London Metal Exchange appreciated during morning trading on Thursday May 16, climbing to an intraday high of $1,864 per tonne after it was buoyed by a fresh cancelation of 33,050 tonnes.
Categories: Metals Industry News

MORNING VIEW: LME base metals consolidate against mixed background

Base Metals Market - Thu, 05/16/2019 - 10:10
Although metals markets were mixed this morning, Thursday May 16, the downward trends on the charts seem to have halted; key now will be whether buying and short-covering follows.
Categories: Metals Industry News

Alunorte moves closer to restart after Federal Court lifts first production embargo

Base Metals Market - Thu, 05/16/2019 - 10:00
The Federal Court in Belém, Brazil, lifted a production embargo on Norsk Hydro’s Alunorte alumina refinery under the civil lawsuit on Wednesday May 15.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/05: Positive trade headlines buoy SHFE base metals prices; Ni up 0.5%

Base Metals Market - Thu, 05/16/2019 - 05:35
Base metals prices on the Shanghai Futures Exchange exhibited broad-based strength for a second day in a row during morning trading on Thursday May 16, with nickel once again leading the charge higher – though gains were more tempered in the alloying metal compared with Wednesday.
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IN CASE YOU MISSED IT: 5 key stories from May 15

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

GLOBAL TIN WRAP: Low liquidity stalls Europe tin premiums; signs indicate US under pressure

Base Metals Market - Wed, 05/15/2019 - 22:05
Global premiums held over the week ended on May 14, while tin prices on the London Metal Exchange have been erratic and frequently at odds with record-low global stocks.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: European, Chinese premiums diverge; only US holds firm

Base Metals Market - Wed, 05/15/2019 - 18:30
European nickel premiums universally declined on Tuesday May 14 after weak regional demand for material manifested in depressed premiums across the board.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/05: LME nickel spreads flip into backwardation; price rebounds 1.8%

Base Metals Market - Wed, 05/15/2019 - 18:15
Nickel’s three-month price on the London Metal Exchange recovered at the close of trading on Wednesday May 15, climbing back above $12,000 per tonne while the metal’s cash/three-month spread moved into backwardation for the first time since 2015.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 15/05

Base Metals Market - Wed, 05/15/2019 - 17:42
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 15.
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PEOPLE MOVES: Former LME chief Jones appointed non-executive director of ICBC Standard Bank

Base Metals Market - Wed, 05/15/2019 - 15:43
Garry Jones, former chief executive officer of the London Metal Exchange, has been appointed as independent non-executive director and remuneration committee chair at ICBC Standard Bank, Fastmarkets understands.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Historic backwardation pressures Europe, Taiwan zinc premiums; India lead premium surges

Base Metals Market - Wed, 05/15/2019 - 15:33
The record-high backwardation in the LME cash/three-month spread pushed the zinc premium in Europe to a historical low and the Taiwan zinc premium to decline for the first time in five months, while the recent drop in the LME lead price attracted buying interest in India and pushed the premium up.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/05: LME base metals hold; fresh inflows of tin

Base Metals Market - Wed, 05/15/2019 - 11:15
An uninspiring macro picture from China, which released its latest slew of lackluster economic data on Wednesday May 15, kept base metals prices on the London Metal Exchange relatively firm during morning trading on the same day.
Categories: Metals Industry News

BATTERY MATERIALS CONF: Take charge of the EV market

Base Metals Market - Wed, 05/15/2019 - 10:17
Follow up on this year's Fastmarkets Battery Materials Conference in Shanghai with this comprehensive downloadable PDF that brings together the full coverage from the event.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices rebound, but will it last?

Base Metals Market - Wed, 05/15/2019 - 09:50
Markets were looking brighter on the morning of Wednesday May 15, with the equities and metals firmer, this despite some further poor economic data in China and the uncertainty about which direction US-China trade talks will go.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Rotterdam premiums supported by LME contango, firmer demand; Japan market softens

Base Metals Market - Wed, 05/15/2019 - 08:45
Aluminium premiums in the Dutch port of Rotterdam edged upward in the week ended Tuesday May 14 amid stronger demand and supportive spreads on the London Metal Exchange.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/05: SHFE base metals prices rebound on easing trade concerns; Ni climbs 1.3%

Base Metals Market - Wed, 05/15/2019 - 06:00
Base metals prices on the Shanghai Futures Exchange staged a broad recovery during morning trading on Wednesday May 15, supported by easing trade concerns that allowed the complex to reclaim some of the losses made earlier in the week.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premiums narrow upward amid smaller import loss; US market strengthens on tight supply, active buying

Base Metals Market - Wed, 05/15/2019 - 05:12
Copper premiums in Shanghai narrowed upward in the week ended Tuesday May 14 after smaller losses on importing the red metal into China stimulated spot buying activity.
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WEEKLY BASE METAL PREMIUMS REPORT 14/05

Base Metals Market - Tue, 05/14/2019 - 19:40
A summary of base metals premiums from across the globe for the week to Tuesday May 14.
Categories: Metals Industry News

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