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Metals Industry News

ASIAN MORNING BRIEF 14/08: LME base metals hit hard; South32 closes on Arizona Mining deal; physical cobalt prices down

Base Metals Market - Tue, 08/14/2018 - 00:05
The latest news and price moves to start the Asian day on Tuesday August 14.
Categories: Metals Industry News

Copper workers at Chile's Caserones mine ratify strike decision

Base Metals Market - Mon, 08/13/2018 - 20:30
The principal trade union representing workers at Chile’s Caserones copper mine has voted to go ahead with strike action to begin at 8am local time on Tuesday August 14.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/08: LME base metals prices hampered by volatile currency markets; zinc falls 2.5%

Base Metals Market - Mon, 08/13/2018 - 18:00
Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira.
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LIVE FUTURES REPORT 13/08: Comex copper price opens week in positive territory

Base Metals Market - Mon, 08/13/2018 - 14:32
Comex copper prices moved higher on Monday August 13 with geopolitical chaos in Turkey shaking up markets.
Categories: Metals Industry News

South32 completes $1.3bln deal to buy Arizona Mining

Base Metals Market - Mon, 08/13/2018 - 13:50
South32 Ltd has completed the acquisition of Arizona Mining, building further on the Perth, Australia-headquartered zinc portfolio at a time of relatively limited greenfield mine supply.
Categories: Metals Industry News

Korea Zinc affiliate's YP zinc smelter closed till Sept for environmental reasons - sources

Base Metals Market - Mon, 08/13/2018 - 11:20
The Sukpo zinc smelter in South Korea, which has links to major producer Korea Zinc, has been closed and will remain so until September for environmental reasons, a company source told Metal Bulletin.
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SHFE vs LME physical arbitrage 13/08: Copper, aluminium, zinc, nickel

Base Metals Market - Mon, 08/13/2018 - 11:10
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday August 13*
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LIVE FUTURES REPORT 13/08: Dollar pressure mounts against LME base metals; zinc down on 15kt delivery

Base Metals Market - Mon, 08/13/2018 - 11:06
The prices of base metals on the London Metal Exchange were mostly lower during morning trading on Monday August 13, limited by a continued surge in the US dollar index while a plunge in Turkey’s lira sent ripples through global stock markets.
Categories: Metals Industry News

CHINA ALI SUMMIT: Domestic electrolytic ali price supported by China’s increased alumina cost

Base Metals Market - Mon, 08/13/2018 - 10:45
The Chinese electrolytic aluminium price will edge up long-term due to the rising costs of raw materials, several contacts confirmed at the China Aluminium Industry Summit in Harbin on August 7-10.
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Chinese yuan-denominated copper cathode premiums hit 2018 high on restocking activity

Base Metals Market - Mon, 08/13/2018 - 09:05
Top brands of electro-refined copper cathode in China traded at premiums of 80-100 yuan ($11.70-14.60) per tonne on top of the Shanghai Futures Exchange front month copper contract price on Monday August 6, marking a fresh 2018 high for such premiums, according to market participants.
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ALUMINIUM FOUNDRY WRAP: European premiums stay at record highs; US premium dips amid quiet conditions

Base Metals Market - Mon, 08/13/2018 - 09:00
European aluminium foundry alloy premiums remained at record highs and continued to be supported by tight supply, while the US premium weakened due to a quiet spot market.
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EUROPEAN MORNING BRIEF 13/08: Strong dollar pressures SHFE base metals; Trump doubles 232 tariffs on Turkey; bauxite deficit could boost China alumina prices

Base Metals Market - Mon, 08/13/2018 - 07:35
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Monday August 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/08: SHFE base metals prices pressured by strong dollar; aluminium supported by workers strike

Base Metals Market - Mon, 08/13/2018 - 07:30
Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday August 13, with a firmer dollar and uncertainty surrounding escalating global trade tensions fueling a reduction in investors’ appetite for the base metals.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/08: LME base metals buffeted by soaring dollar; aluminium price resists

Base Metals Market - Fri, 08/10/2018 - 17:55
The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Friday August 10, with most metals erasing their midweek surge after the dollar rocketed to its highest level in over a year.
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BATTERY RAW MATERIALS MARKET REPORT 10/08: Chinese lithium hydroxide prices drop almost 6%; cobalt prices dip

Base Metals Market - Fri, 08/10/2018 - 17:46
An overview of the battery raw materials markets and their price moves from the past week.
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NON-FERROUS WEEK IN BRIEF 10/08: China tariffs; LME warehousing update; antimony seized in crack-down; ferro-molybdenum prices fall 3%

Base Metals Market - Fri, 08/10/2018 - 17:15
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Categories: Metals Industry News

CHINA ALI SUMMIT: Chinese bauxite deficit could lead to higher domestic alumina prices

Base Metals Market - Fri, 08/10/2018 - 17:04
Chinese alumina prices could rise due to declining domestic bauxite quality, with refineries turning to seaborne markets to supplement raw material supply, delegates heard at the China Aluminium Industry Summit in Harbin on August 7-10.
Categories: Metals Industry News

Donald Trump doubles Section 232 tariffs for Turkish steel

Base Metals Market - Fri, 08/10/2018 - 16:40
United States president Donald Trump said on Friday August 10 that he has authorized higher tariffs on imports from Turkey, imposing a 20% duty on aluminum and 50% duty on steel.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/08: Comex copper price erases gains on dollar surge

Base Metals Market - Fri, 08/10/2018 - 15:39
Comex copper prices staggered lower on Friday August 10, after hitting a one-week high yesterday, amid a surging dollar and continued worries over US trade policy.
Categories: Metals Industry News

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