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Metals Industry News

MORNING VIEW: Base metals prices, broader markets bullish

Base Metals Market - Thu, 01/21/2021 - 08:36
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and pauses are attracting further buying, with tin and nickel leading on the upside.
Categories: Metals Industry News

Trump removes 232 Al tariff on UAE in final minutes of presidency

Base Metals Market - Thu, 01/21/2021 - 06:37
Hours before the inauguration of US President Joe Biden, former president Donald Trump replaced the Section 232 aluminium tariff on the United Arab Emirates (UAE) with a quota. The US market was blindsided but participants called the action inconsequential.
Categories: Metals Industry News

Trump lifts 232 Al tariff on UAE in final minutes of presidency

Base Metals Market - Thu, 01/21/2021 - 06:37
Hours before the inauguration of US President Joe Biden, former president Donald Trump replaced the Section 232 aluminium tariff on the United Arab Emirates (UAE) with a quota. The US market was blindsided but participants called the action inconsequential.
Categories: Metals Industry News

AT A GLANCE: Alcoa sets production records in bauxite, alumina despite 'challenging' 2020

Base Metals Market - Thu, 01/21/2021 - 04:43
A summary of aluminium and alumina producer Alcoa’s fourth-quarter and full-year 2020 earnings results.
Categories: Metals Industry News

HOTTER ON METALS: Fee differentiator plan aims to drive liquidity

Base Metals Market - Thu, 01/21/2021 - 02:20
A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 20

Base Metals Market - Thu, 01/21/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/01: Tin up 2%, copper above $8,000 as Biden administration begins

Base Metals Market - Wed, 01/20/2021 - 18:28
The price of tin rose by more than 2% and copper rose to more than $8,000 per tonne on Wednesday January 20, with the London Metal Exchange base-metals complex bullish at the start of the Biden presidential administration in the United States.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 20/01

Base Metals Market - Wed, 01/20/2021 - 18:03
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 20.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Premiums edge up in China near holidays, hold in the US and Europe

Base Metals Market - Wed, 01/20/2021 - 17:11
Shanghai nickel plate premiums gained ahead of an expected lull before the Chinese New Year, while sellers in the United States eyed possible briquette premium increases in the week to Tuesday January 19.
Categories: Metals Industry News

‘Inevitable’ LME ring closure sad but date structure is key benefit, market says

Base Metals Market - Wed, 01/20/2021 - 16:20
The London Metal Exchange’s trading ring no longer serves an “irreplaceable function” and its permanent closure is inevitable, market participants have told Fastmarkets.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: US lead premiums rise on supply shortage; Gravita inks deal in India

Base Metals Market - Wed, 01/20/2021 - 14:55
Lead premiums in the United States continue to firm on supply shortages and consistent demand, while big deals being done in Indian and European markets are also starting to pick up, sources said.
Categories: Metals Industry News

Germany's Audi becomes first OEM to gain certification for responsible aluminium sourcing

Base Metals Market - Wed, 01/20/2021 - 14:47
German automaker Audi has gained recognition for its sustainable and responsible sourcing of aluminium by attaining the Aluminium Stewardship Initiative (ASI) ‘Chain of Custody Standard’ (CoC).
Categories: Metals Industry News

AT A GLANCE: BHP revises copper guidance for FY2021; other base metals unchanged

Base Metals Market - Wed, 01/20/2021 - 14:28
A summary of BHP’s operational review for base metals in the first half of its financial year ended December 2020, released on Wednesday January 20.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/01: Copper back above $8,000/t; Al, Zn up 1%

Base Metals Market - Wed, 01/20/2021 - 10:20
There were gains across the board for the London Metal Exchange base metals this morning, Wednesday January 20, with a weaker US Dollar Index and a firm commitment on further stimulus in the United States pushing copper and aluminium up by 1.2% and 1% respectively.
Categories: Metals Industry News

AT A GLANCE: Antofagasta’s copper production drops 4.7% in 2020 on lower grades at Centinela

Base Metals Market - Wed, 01/20/2021 - 08:55
A summary of Antofagasta’s production results for the fourth quarter and full year of 2020, as stated in its quarterly production report published on Wednesday January 20.
Categories: Metals Industry News

MORNING VIEW: Base metals prices mixed but dips find support

Base Metals Market - Wed, 01/20/2021 - 08:30
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were once again mixed this morning, Wednesday January 20, but the likelihood of plentiful US fiscal stimulus in the days ahead is likely to underpin markets at least for a while, although any new measures to tackle Covid-19 may well become a headwind.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Steady demand, return of contango keep global premiums up

Base Metals Market - Wed, 01/20/2021 - 05:56
Aluminium premiums were supported on Tuesday January 19 by steady downstream demand and the return of a contango on London Metal Exchange price spreads.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premium jumps to 5-month high on demand hopes

Base Metals Market - Wed, 01/20/2021 - 03:22
Copper cathode premiums were up in China this past week but static elsewhere around the world, with physical market activity slow to return at the start of 2021.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 19

Base Metals Market - Wed, 01/20/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 19/01

Base Metals Market - Tue, 01/19/2021 - 21:08
A summary of base metals premiums from across the globe for the week to Tuesday January 19.
Categories: Metals Industry News

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