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Metals Industry News

Codelco names Araneda as next CEO after Pizarro departs

Base Metals Market - Mon, 07/15/2019 - 10:50
Chilean state-owned copper producer Codelco has named Octavio Araneda as its new chief executive officer after the departure of Nelson Pizarro, the company said on Friday July 12.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/07: Chinese industrial data buoys LME base metals; Al deflects inflow

Base Metals Market - Mon, 07/15/2019 - 10:35
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Monday July 15, supported by stronger than expected industrial data out of China, while a slight downturn in the US dollar index aided buying activity.
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MORNING VIEW: LME base metals prices on divergent paths while participants digest Chinese data

Base Metals Market - Mon, 07/15/2019 - 09:52
China’s economic growth slowed to 6.2% in the second quarter of this year - in line with expectations and well within Beijing’s target of 6-6.5% growth for 2019 - but market participants continued to focus on the fact that this was the country’s lowest gross domestic product (GDP) growth in nearly three decades.
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Almatis sells Burnside alumina refinery to Arthur Metals

Base Metals Market - Mon, 07/15/2019 - 05:41
Almatis has sold its Burnside alumina refinery to Arthur Metals LLC, the company told Fastmarkets.
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LIVE FUTURES REPORT 15/07: SHFE nickel prices rise 2.2% amid weaker dollar, supportive fundamental backdrop

Base Metals Market - Mon, 07/15/2019 - 04:49
Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Monday July 15 with aluminium, zinc and nickel ticking upward, while the rest weakened.
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IN CASE YOU MISSED IT: 5 key stories from July 12

Base Metals Market - Mon, 07/15/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.
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LIVE FUTURES REPORT 12/07: LME nickel price rises 2.5%

Base Metals Market - Fri, 07/12/2019 - 19:15
The three-month price of nickel on the London Metal Exchange continued to rise on Friday July 12, being up by 2.6% day-on-day at the close of trading to $13,470 per tonne.
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BATTERY RAW MATERIALS MARKET REPORT 12/07: Chinese lithium producers cut offers to encourage sales

Base Metals Market - Fri, 07/12/2019 - 16:48
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

TradeCloud to launch public offering with $15mln target

Base Metals Market - Fri, 07/12/2019 - 15:40
TradeCloud will launch a public round of their Switzerland-based Security Token Offering, the company said on Thursday July 11.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/07: LME base metals prices up on positive Chinese data; Ni up 1.3%

Base Metals Market - Fri, 07/12/2019 - 10:23
The three-month prices of base metals traded on the London Metal Exchange universally rose during the morning session on Friday July 12, buoyed by a slew of positive economic data released from China.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices mixed as healthy China trade surplus could unsettle trade talks

Base Metals Market - Fri, 07/12/2019 - 10:05
China's trade surplus with the United States in the first half of 2019 has increased as imports from the US have fallen by 25.7%, stoking fears that President Trump will harden his position in trade talks with China.
Categories: Metals Industry News

SHFE STOCKS REPORT 12/07: Nickel stocks up by 26% on muted demand

Base Metals Market - Fri, 07/12/2019 - 10:03
Nickel inventories on the Shanghai Futures Exchange increased by 26% week on week as of Friday July 12 amid weak domestic demand and ample supply.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/07: SHFE base metals prices mixed amid dollar weakness; Cu up on macro positivity

Base Metals Market - Fri, 07/12/2019 - 04:10
Base metals prices were mixed in the Chinese morning trading session on Friday July 12, with copper, zinc and tin all higher amid US dollar weakness and overall optimism following US Federal Reserve Chair Powell’s dovish testimony, while aluminium and nickel both moved lower.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 11

Base Metals Market - Fri, 07/12/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Thursday July 11 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/07: LME lead price climbs despite large rewarranting; nickel tops $13,000 per tonne

Base Metals Market - Thu, 07/11/2019 - 18:04
Lead’s three-month price on the London Metal Exchange was higher at the close of trading on Thursday July 11, climbing by around 2% through the day to approach the nearby resistance level at $2,000 per tonne, a threshold the metal has not surpassed since April this year.
Categories: Metals Industry News

News of potential Indonesian ore export ban sends nickel price to 3-mth high [CORRECTED]

Base Metals Market - Thu, 07/11/2019 - 13:47
The London Metal Exchange nickel price rose to a three-month high of $13,140 per tonne during Thursday morning trading following news from Indonesia’s Ministry of Energy and Mineral Resources that the country will stop the export of unprocessed laterite ore in 2022.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/07: LME nickel price continues uptrend above $13,000/t; tin falls below support line

Base Metals Market - Thu, 07/11/2019 - 10:05
Nickel’s three-month price on the London Metal Exchange was higher during morning trading on Thursday July 11, building on Wednesday’s gains above the $13,000-per-tonne threshold amid a continued drawdown on LME stocks.
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MORNING VIEW: LME base metals prices consolidate as macro-headwinds persist

Base Metals Market - Thu, 07/11/2019 - 09:53
Although rate cut expectations encouraged the London Metal Exchange three-month base metals prices to move higher yesterday, they have started to weaken in early trading today, Thursday July 11, and been unable to attract follow-through buying.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Premiums drop in China; hold in the US, Europe

Base Metals Market - Thu, 07/11/2019 - 09:20
Nickel premiums in China continued to fall in the week ended Tuesday July 9 on import arbitrage losses, while the traditional summer slowdown kept premiums in Europe and the United States unchanged.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/07: SHFE base metals prices broadly up on dollar strength; nickel up on Indonesia supply concerns

Base Metals Market - Thu, 07/11/2019 - 04:45
Base metals prices on the Shanghai Futures Exchange were mostly up in morning trading on Thursday July 11 amid US dollar weakness following dovish comments by US Federal Reserve Chair Jerome Powell, while nickel rallied on reports of a possible ore ban by Indonesia.
Categories: Metals Industry News

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