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Metals Industry News

LIVE FUTURES REPORT 14/05: Tin price up as Chinese tariffs on US imports avoid base metals

Base Metals Market - Tue, 05/14/2019 - 18:12
Prices in the London Metal Exchange base metals complex became firmer on Tuesday May 14 when it was realized that the effects of proposed Chinese tariffs side-stepped the base metals to focus on imports of minor metals and ferro-alloys.
Categories: Metals Industry News

Rusal to ‘focus on restoring market position’ after revenues tumble by 21% in Q1

Base Metals Market - Tue, 05/14/2019 - 11:36
Russian aluminium producer Rusal said it will focus on restoring its market position after its first-quarter revenues plunged by 20.9% year on year in a period “challenged by the past year’s events”.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/05: Trade tensions cap LME base metals prices; Cu consolidates above $6,000/t

Base Metals Market - Tue, 05/14/2019 - 09:55
Base metals prices on the London Metal Exchange were marginally higher during morning trading on Tuesday May 14, with the escalating US-Sino trade rift hampering commodity investment.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices consolidate after Monday’s sell-off

Base Metals Market - Tue, 05/14/2019 - 09:35
Markets were consolidating during morning trading on Tuesday May 14 after the previous day’s weakness that saw prices adjust to an escalation in the US-China trade war, with China retaliating by increasing tariffs on $60 billion worth of US imports. This saw risk-off and money move into haven assets, including gold.
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LIVE FUTURES REPORT 14/05: Escalating trade conflict sinks SHFE base metals prices; zinc tumbles 1%

Base Metals Market - Tue, 05/14/2019 - 05:50
Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Tuesday May 14 with escalating trade tensions between China and the United States continuing to dent market sentiment.
Categories: Metals Industry News

China’s environmental watchdog to launch new round of inspections from May 14

Base Metals Market - Tue, 05/14/2019 - 05:10
China’s environmental watchdog will begin a new round of inspections across the country from Tuesday May 14, according to market sources, citing an unofficial announcement from China’s Ministry of Ecology and Environment last week.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 13

Base Metals Market - Tue, 05/14/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Monday May 13 that are worth another look.
Categories: Metals Industry News

NEWSBREAK: China retaliates with import tariff on US products from June 1; lead concentrates hardest hit

Base Metals Market - Mon, 05/13/2019 - 17:50
China will implement import tariffs on over 5,000 types of United States' goods starting June 1, 2019, marking an escalation in the trade war between the two countries, the government announced on May 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/05: LME zinc price sheds 2.6% on fresh European inflows; copper nears $6,000/t

Base Metals Market - Mon, 05/13/2019 - 17:41
Zinc’s three-month price on the London Metal Exchange fell by more than 2% at the close of trading on Monday May 13 following the fresh inflow of more than 8,000 tonnes into LME-registered warehouses in Europe.
Categories: Metals Industry News

LME ASIA WEEK 2019: 12 things we learned in Hong Kong [CORRECTED]

Base Metals Market - Mon, 05/13/2019 - 16:42
Fastmarkets reporters present 12 key things we learned at LME Asia Week 2019 in Hong Kong during May 6-9.
Categories: Metals Industry News

LME ASIA WEEK 2019: 12 things we learned in Hong Kong

Base Metals Market - Mon, 05/13/2019 - 16:42
Fastmarkets reporters present 12 key things we learned at LME Asia Week 2019 in Hong Kong during May 6-9.
Categories: Metals Industry News

ICSG forecasts copper deficit of 190,000 tonnes in 2019 on strong usage growth

Base Metals Market - Mon, 05/13/2019 - 15:55
The International Copper Study Group (ICSG) has estimated that the global balance between output and consumption of refined copper will widen to a deficit of 190,000 tonnes in 2019.
Categories: Metals Industry News

Global alumina prices to rebound when Chinese consumers turn to imports after refiner cuts - sources

Base Metals Market - Mon, 05/13/2019 - 14:47
The global alumina market may tighten in the coming month after around 1.7 million tonnes of Chinese alumina production was suspended on environmental infringements this month, sources told Fastmarkets on Monday May 13.
Categories: Metals Industry News

PEOPLE MOVES: Wieland CEO Mayr elected chairman of IWCC

Base Metals Market - Mon, 05/13/2019 - 14:14
The International Wrought Copper Council (IWCC) has elected Dr Erwin Mayr, chief executive officer of the Wieland Group, to serve as chairman of the group, which is the international association for the copper and copper-alloy fabricating industry.
Categories: Metals Industry News

LME ASIA WEEK 2019: Copper concs TC/RCs to keep falling in Q3 but descent could be capped, sources say

Base Metals Market - Mon, 05/13/2019 - 11:20
Copper concentrates treatment and refining charges (TC/RCs) in the Asia-Pacific region continued to fall last week, attributed to copper smelters rushing to make spot purchases during LME Asia Week in a tight global concentrate market and amid a number of major refined production expansions.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/05: LME base metals dip amid fresh tariffs; Cu below $6,100/t

Base Metals Market - Mon, 05/13/2019 - 10:15
Base metals prices on the London Metal Exchange were collectively lower during morning trading on Monday May 13, with escalating trade tensions between the United States and China dampening investor sentiment and suppressing trading volumes.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices under pressure while trade dispute continues

Base Metals Market - Mon, 05/13/2019 - 09:45
The lack of any last minute breakthrough in US-China trade talks has led to risk-off this morning, Monday 13 May, with money moving into haven assets.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/05: Intensifying trade war pressures SHFE base metals prices, only Al manages to secure gains

Base Metals Market - Mon, 05/13/2019 - 05:52
With the exception of aluminium, base metals prices on the Shanghai Futures Exchange were down during morning trading on Monday May 13, with a further ratcheting up of US-China trade tensions stifling investors’ appetite for commodity investment.
Categories: Metals Industry News

Vale sells nickel products at $202/t premium over LME in Q1

Base Metals Market - Mon, 05/13/2019 - 04:01
Brazilian miner Vale sold its nickel products at an average premium of $202 per tonne over the London Metal Exchange benchmark price in the first quarter of 2019, the company said in an earnings report published on Thursday May 9.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 10

Base Metals Market - Mon, 05/13/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday May 10 that are worth another look.
Categories: Metals Industry News

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